SKINDLES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SKINDLES
Largest movements
- Tangible fixed assets -€227,770
down €227,770 (-46.5%), from €490,053 to €262,284
of which Land and buildings: -€208,596
- Receivables within one year +€100,184
up €100,184 (+663.1%), from €15,109 to €115,292
of which Other amounts receivable: +€94,264
- Cash +€38,293
up €38,293 (+169.1%), from €22,643 to €60,936
mainly Investment in fixed assets (net) (+€172,278) and Net result for the year (+€97,360)
- Other debts -€200,119
no longer reported in 2025 (was €200,119)
- Reserves +€97,360
up €97,360 (+55.4%), from €175,878 to €273,238
of which Distributable reserves: +€102,235
- Tax, wage and social debts +€39,552
up €39,552 (+2228.6%), from €1,775 to €41,327
- Trade debts -€24,334
down €24,334 (-73.1%), from €33,310 to €8,977
- Gross operating margin +€111,870
up €111,870 (+113.2%), from €98,822 to €210,692
- Taxes +€26,863
up €26,863 (+210.6%), from €12,756 to €39,619
- Financial charges -€7,750
down €7,750 (-46.5%), from €16,668 to €8,918
- Depreciation -€6,433
down €6,433 (-10.4%), from €61,924 to €55,491
- Other operating charges -€3,459
down €3,459 (-18.6%), from €18,605 to €15,147
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,405 | €451,772 | -€85,633 | -15.9% |
| Fixed assets | 21/28 | €491,913 | €264,144 | -€227,770 | -46.3% |
| Tangible fixed assets | 22/27 | €490,053 | €262,284 | -€227,770 | -46.5% |
| Land and buildings | 22 | €429,389 | €220,793 | -€208,596 | -48.6% |
| Plant, machinery and equipment | 23 | €40,091 | €30,290 | -€9,801 | -24.4% |
| Furniture and vehicles | 24 | €20,573 | €11,201 | -€9,372 | -45.6% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €45,492 | €187,628 | +€142,136 | +312.4% |
| Amounts receivable within one year | 40/41 | €15,109 | €115,292 | +€100,184 | +663.1% |
| Trade receivables | 40 | €188 | €6,107 | +€5,919 | +3153.3% |
| Other amounts receivable | 41 | €14,921 | €109,185 | +€94,264 | +631.7% |
| Cash at bank and in hand | 54/58 | €22,643 | €60,936 | +€38,293 | +169.1% |
| Deferred charges and accrued income | 490/1 | €7,739 | €11,399 | +€3,660 | +47.3% |
| Total equity and liabilities | 10/49 | €537,405 | €451,772 | -€85,633 | -15.9% |
| Equity | 10/15 | €291,301 | €387,343 | +€96,042 | +33.0% |
| Contributions | 10/11 | €106,197 | €106,197 | = | 0.0% |
| Reserves | 13 | €175,878 | €273,238 | +€97,360 | +55.4% |
| Tax-exempt reserves | 132 | €29,250 | €24,375 | -€4,875 | -16.7% |
| Distributable reserves | 133 | €146,628 | €248,863 | +€102,235 | +69.7% |
| Investment grants | 15 | €9,226 | €7,908 | -€1,318 | -14.3% |
| Provisions and deferred taxes | 16 | €9,750 | €8,125 | -€1,625 | -16.7% |
| Deferred taxes | 168 | €9,750 | €8,125 | -€1,625 | -16.7% |
| Amounts payable | 17/49 | €236,354 | €56,303 | -€180,050 | -76.2% |
| Amounts payable within one year | 42/48 | €235,204 | €50,303 | -€184,901 | -78.6% |
| Trade debts | 44 | €33,310 | €8,977 | -€24,334 | -73.1% |
| Suppliers | 440/4 | €33,310 | €8,977 | -€24,334 | -73.1% |
| Taxes, remuneration and social security | 45 | €1,775 | €41,327 | +€39,552 | +2228.6% |
| Taxes | 450/3 | €1,775 | €41,327 | +€39,552 | +2228.6% |
| Other amounts payable | 47/48 | €200,119 | - | -€200,119 | |
| Accrued charges and deferred income | 492/3 | €1,149 | €6,000 | +€4,851 | +422.0% |
| Non-recurring operating income | 76A | - | €119,281 | +€119,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,924 | €55,491 | -€6,433 | -10.4% |
| Other operating charges | 640/8 | €18,605 | €15,147 | -€3,459 | -18.6% |
| Gross operating margin | 9900 | €98,822 | €210,692 | +€111,870 | +113.2% |
| Operating profit (loss) | 9901 | €18,293 | €140,055 | +€121,762 | +665.6% |
| Financial income | 75/76B | €1,430 | €4,218 | +€2,788 | +194.9% |
| Recurring financial income | 75 | €1,430 | €4,218 | +€2,788 | +194.9% |
| Financial charges | 65/66B | €16,668 | €8,918 | -€7,750 | -46.5% |
| Recurring financial charges | 65 | €16,668 | €8,918 | -€7,750 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €3,055 | €135,354 | +€132,299 | +4330.9% |
| Transfer from deferred taxes | 780 | €1,625 | €1,625 | = | 0.0% |
| Income taxes | 67/77 | €12,756 | €39,619 | +€26,863 | +210.6% |
| Profit (loss) for the period | 9904 | -€8,076 | €97,360 | +€105,436 | |
| Transfer from tax-exempt reserves | 789 | €4,875 | €4,875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,201 | €102,235 | +€105,436 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.