SKINVEST: 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.
SKINVEST
Largest movements
- Tangible fixed assets -€39,284
down €39,284 (-6.4%), from €611,930 to €572,646
of which Land and buildings: -€31,829
- Cash +€24,058
up €24,058 (+1,412%), from €1,704 to €25,762
mainly Depreciation (+€39,284) and Net result for the year (+€7,861)
- Other debts -€16,000
no longer reported in 2025 (was €16,000)
- Reserves +€7,861
up €7,861 (+1.2%), from €654,439 to €662,301
of which Distributable reserves: +€26,750
- Provisions -€7,729
down €7,729 (-5.5%), from €141,453 to €133,724
- Financial charges -€2,333
down €2,333 (-91.3%), from €2,555 to €222
- Taxes +€2,088
up €2,088 (+18.0%), from €11,617 to €13,705
- Gross operating margin +€2,002
up €2,002 (+3.5%), from €56,683 to €58,686
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 | €621,227 | €605,870 | -€15,357 | -2.5% |
| Fixed assets | 21/28 | €611,930 | €572,646 | -€39,284 | -6.4% |
| Tangible fixed assets | 22/27 | €611,930 | €572,646 | -€39,284 | -6.4% |
| Land and buildings | 22 | €603,977 | €572,148 | -€31,829 | -5.3% |
| Furniture and vehicles | 24 | €7,953 | €498 | -€7,455 | -93.7% |
| Current assets | 29/58 | €9,297 | €33,224 | +€23,927 | +257% |
| Amounts receivable within one year | 40/41 | €5,853 | €5,647 | -€205 | -3.5% |
| Other amounts receivable | 41 | €5,853 | €5,647 | -€205 | -3.5% |
| Cash at bank and in hand | 54/58 | €1,704 | €25,762 | +€24,058 | +1,412% |
| Deferred charges and accrued income | 490/1 | €1,740 | €1,814 | +€75 | +4.3% |
| Total equity and liabilities | 10/49 | €621,227 | €605,870 | -€15,357 | -2.5% |
| Equity | 10/15 | €456,020 | €463,881 | +€7,861 | +1.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €654,439 | €662,301 | +€7,861 | +1.2% |
| Tax-exempt reserves | 132 | €333,200 | €314,312 | -€18,889 | -5.7% |
| Distributable reserves | 133 | €321,239 | €347,989 | +€26,750 | +8.3% |
| Profit (loss) carried forward | 14 | -€322,366 | -€322,366 | = | 0.0% |
| Provisions and deferred taxes | 16 | €141,453 | €133,724 | -€7,729 | -5.5% |
| Deferred taxes | 168 | €141,453 | €133,724 | -€7,729 | -5.5% |
| Amounts payable | 17/49 | €23,755 | €8,265 | -€15,490 | -65.2% |
| Amounts payable after more than one year | 17 | €4,980 | €4,980 | = | 0.0% |
| Other amounts payable | 178/9 | €4,980 | €4,980 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,640 | €3,285 | -€14,354 | -81.4% |
| Trade debts | 44 | €1,640 | €3,285 | +€1,646 | +100% |
| Suppliers | 440/4 | €1,640 | €3,285 | +€1,646 | +100% |
| Other amounts payable | 47/48 | €16,000 | - | -€16,000 | |
| Accrued charges and deferred income | 492/3 | €1,135 | - | -€1,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,627 | €39,284 | -€343 | -0.9% |
| Other operating charges | 640/8 | €5,730 | €5,342 | -€388 | -6.8% |
| Gross operating margin | 9900 | €56,683 | €58,686 | +€2,002 | +3.5% |
| Operating profit (loss) | 9901 | €11,327 | €14,060 | +€2,733 | +24.1% |
| Financial charges | 65/66B | €2,555 | €222 | -€2,333 | -91.3% |
| Recurring financial charges | 65 | €2,555 | €222 | -€2,333 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | €8,772 | €13,838 | +€5,066 | +57.8% |
| Transfer from deferred taxes | 780 | €7,729 | €7,729 | = | 0.0% |
| Income taxes | 67/77 | €11,617 | €13,705 | +€2,088 | +18.0% |
| Profit (loss) for the period | 9904 | €4,883 | €7,861 | +€2,978 | +61.0% |
| Transfer from tax-exempt reserves | 789 | €18,889 | €18,889 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,772 | €26,750 | +€2,978 | +12.5% |
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 27 October 2026 via checked.be.