SkinS: 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.
SkinS
Largest movements
- Cash +€43,797
up €43,797 (+15.8%), from €277,952 to €321,749
mainly Other debts (+€214,301) and Net result for the year (+€88,711)
- Tangible fixed assets +€17,569
up €17,569 (+55.3%), from €31,759 to €49,329
- Other debts +€214,301
new in 2025: €214,301
- Profit (loss) carried forward -€207,810
down €207,810 (-99.2%), from €209,421 to €1,611
- Reserves +€42,100
up €42,100 (+80.0%), from €52,625 to €94,725
- Tax, wage and social debts +€12,556
up €12,556 (+23.6%), from €53,197 to €65,753
- Gross operating margin -€19,857
down €19,857 (-14.1%), from €141,231 to €121,374
- Taxes -€5,554
down €5,554 (-18.4%), from €30,216 to €24,662
- Depreciation +€3,675
up €3,675 (+252%), from €1,457 to €5,132
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 | €326,825 | €388,183 | +€61,358 | +18.8% |
| Fixed assets | 21/28 | €31,759 | €49,329 | +€17,569 | +55.3% |
| Tangible fixed assets | 22/27 | €31,759 | €49,329 | +€17,569 | +55.3% |
| Plant, machinery and equipment | 23 | €31,759 | €49,329 | +€17,569 | +55.3% |
| Current assets | 29/58 | €295,066 | €338,854 | +€43,789 | +14.8% |
| Amounts receivable within one year | 40/41 | €17,113 | €17,105 | -€8 | 0.0% |
| Trade receivables | 40 | €16,335 | €16,880 | +€545 | +3.3% |
| Other amounts receivable | 41 | €778 | €226 | -€552 | -71.0% |
| Cash at bank and in hand | 54/58 | €277,952 | €321,749 | +€43,797 | +15.8% |
| Total equity and liabilities | 10/49 | €326,825 | €388,183 | +€61,358 | +18.8% |
| Equity | 10/15 | €272,046 | €106,336 | -€165,710 | -60.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €52,625 | €94,725 | +€42,100 | +80.0% |
| Tax-exempt reserves | 132 | €52,625 | €94,725 | +€42,100 | +80.0% |
| Profit (loss) carried forward | 14 | €209,421 | €1,611 | -€207,810 | -99.2% |
| Amounts payable | 17/49 | €54,779 | €281,847 | +€227,068 | +415% |
| Amounts payable within one year | 42/48 | €54,779 | €281,672 | +€226,893 | +414% |
| Trade debts | 44 | €1,582 | €1,618 | +€36 | +2.3% |
| Suppliers | 440/4 | €1,582 | €1,618 | +€36 | +2.3% |
| Taxes, remuneration and social security | 45 | €53,197 | €65,753 | +€12,556 | +23.6% |
| Taxes | 450/3 | €53,197 | €65,753 | +€12,556 | +23.6% |
| Other amounts payable | 47/48 | - | €214,301 | +€214,301 | |
| Accrued charges and deferred income | 492/3 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €5,132 | +€3,675 | +252% |
| Other operating charges | 640/8 | €182 | €1,046 | +€864 | +475% |
| Gross operating margin | 9900 | €141,231 | €121,374 | -€19,857 | -14.1% |
| Operating profit (loss) | 9901 | €139,592 | €115,196 | -€24,396 | -17.5% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €1,312 | €1,823 | +€511 | +39.0% |
| Recurring financial charges | 65 | €1,312 | €1,823 | +€511 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €138,362 | €113,373 | -€24,989 | -18.1% |
| Income taxes | 67/77 | €30,216 | €24,662 | -€5,554 | -18.4% |
| Profit (loss) for the period | 9904 | €108,147 | €88,711 | -€19,436 | -18.0% |
| Transfer to tax-exempt reserves | 689 | €52,625 | €42,100 | -€10,525 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,522 | €46,611 | -€8,911 | -16.0% |
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.