SKINNY: 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.
SKINNY
Largest movements
- Tangible fixed assets -€39,340
down €39,340 (-3.4%), from €1.2m to €1.1m
- Current portion of long-term debt -€27,081
down €27,081 (-66.3%), from €40,863 to €13,783
- Reserves -€21,400
down €21,400 (-4.6%), from €467,679 to €446,279
of which Tax-exempt reserves: -€21,400
- Profit (loss) carried forward +€15,379
up €15,379 (+12.1%), from €127,285 to €142,664
- Debts after one year -€13,783
down €13,783 (-100%), from €13,783 to €0
- Other debts +€11,959
up €11,959 (+3.7%), from €324,729 to €336,688
- Taxes -€966
down €966 (-14.8%), from €6,522 to €5,556
- Gross operating margin -€776
down €776 (-2.0%), from €38,785 to €38,008
- Financial charges -€443
down €443 (-29.1%), from €1,522 to €1,078
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.
Derived cash bridge
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 | €1,152,122 | €1,113,178 | -€38,944 | -3.4% |
| Fixed assets | 21/28 | €1,151,903 | €1,112,563 | -€39,340 | -3.4% |
| Tangible fixed assets | 22/27 | €1,151,903 | €1,112,563 | -€39,340 | -3.4% |
| Land and buildings | 22 | €1,151,903 | €1,112,563 | -€39,340 | -3.4% |
| Current assets | 29/58 | €219 | €615 | +€396 | +181% |
| Amounts receivable within one year | 40/41 | - | €367 | +€367 | |
| Trade receivables | 40 | - | €367 | +€367 | |
| Cash at bank and in hand | 54/58 | €219 | €248 | +€29 | +13.4% |
| Total equity and liabilities | 10/49 | €1,152,122 | €1,113,178 | -€38,944 | -3.4% |
| Equity | 10/15 | €613,556 | €607,535 | -€6,021 | -1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €467,679 | €446,279 | -€21,400 | -4.6% |
| Tax-exempt reserves | 132 | €465,820 | €444,420 | -€21,400 | -4.6% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,285 | €142,664 | +€15,379 | +12.1% |
| Provisions and deferred taxes | 16 | €149,799 | €142,666 | -€7,133 | -4.8% |
| Deferred taxes | 168 | €149,799 | €142,666 | -€7,133 | -4.8% |
| Amounts payable | 17/49 | €388,767 | €362,977 | -€25,790 | -6.6% |
| Amounts payable after more than one year | 17 | €13,783 | €0 | -€13,783 | -100% |
| Financial debts | 170/4 | €13,783 | €0 | -€13,783 | -100% |
| Amounts payable within one year | 42/48 | €371,974 | €359,805 | -€12,169 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €40,863 | €13,783 | -€27,081 | -66.3% |
| Trade debts | 44 | €766 | €2,256 | +€1,491 | +195% |
| Suppliers | 440/4 | €766 | €2,256 | +€1,491 | +195% |
| Taxes, remuneration and social security | 45 | €5,616 | €7,078 | +€1,462 | +26.0% |
| Taxes | 450/3 | €5,616 | €7,078 | +€1,462 | +26.0% |
| Other amounts payable | 47/48 | €324,729 | €336,688 | +€11,959 | +3.7% |
| Accrued charges and deferred income | 492/3 | €3,010 | €3,172 | +€162 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,722 | €39,340 | -€381 | -1.0% |
| Other operating charges | 640/8 | €5,080 | €5,224 | +€144 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,785 | €38,008 | -€776 | -2.0% |
| Operating profit (loss) | 9901 | -€6,017 | -€6,556 | -€539 | -9.0% |
| Financial income | 75/76B | €1 | €36 | +€35 | +7,060% |
| Recurring financial income | 75 | €1 | €36 | +€35 | +7,060% |
| Financial charges | 65/66B | €1,522 | €1,078 | -€443 | -29.1% |
| Recurring financial charges | 65 | €1,522 | €1,078 | -€443 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,538 | -€7,598 | -€61 | -0.8% |
| Transfer from deferred taxes | 780 | €7,133 | €7,133 | = | 0.0% |
| Income taxes | 67/77 | €6,522 | €5,556 | -€966 | -14.8% |
| Profit (loss) for the period | 9904 | -€6,927 | -€6,021 | +€906 | +13.1% |
| Transfer from tax-exempt reserves | 789 | €21,400 | €21,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,473 | €15,379 | +€906 | +6.3% |
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 15 October 2026 via checked.be.