VD SKIN: what changed
VD SKIN
Largest movements
- Receivables within one year +€30,271
up €30,271 (+46,237%), from €65 to €30,337
of which Trade receivables: +€30,271
- Deferred charges and accrued income -€26,752
down €26,752 (-95.6%), from €27,993 to €1,241
- Intangible fixed assets -€14,500
down €14,500 (-14.7%), from €98,600 to €84,100
- Tangible fixed assets +€9,500
up €9,500 (+587%), from €1,619 to €11,120
- Cash +€1,603
up €1,603 (+7.4%), from €21,574 to €23,177
mainly Net result for the year (+€47,594) and Deferred charges and accrued income (+€26,752)
- Other debts +€24,455
up €24,455 (+45.6%), from €53,686 to €78,141
- Debts after one year -€22,380
down €22,380 (-33.0%), from €67,895 to €45,515
- Trade debts -€3,959
down €3,959 (-100%), from €3,959 to €0
- Tax, wage and social debts +€1,759
up €1,759 (+149%), from €1,180 to €2,939
- Gross operating margin +€13,281
up €13,281 (+24.7%), from €53,680 to €66,961
- Financial income +€11,080
up €11,080, from €0 to €11,080
of which Financial income: +€11,080
- Taxes +€4,477
up €4,477 (+55.1%), from €8,123 to €12,600
- Depreciation +€917
up €917 (+6.1%), from €15,083 to €16,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,852 | €149,975 | +€123 | +0.1% |
| Fixed assets | 21/28 | €100,219 | €95,220 | -€5,000 | -5.0% |
| Intangible fixed assets | 21 | €98,600 | €84,100 | -€14,500 | -14.7% |
| Tangible fixed assets | 22/27 | €1,619 | €11,120 | +€9,500 | +587% |
| Furniture and vehicles | 24 | €1,619 | €11,120 | +€9,500 | +587% |
| Current assets | 29/58 | €49,632 | €54,755 | +€5,123 | +10.3% |
| Amounts receivable within one year | 40/41 | €65 | €30,337 | +€30,271 | +46,237% |
| Trade receivables | 40 | €65 | €30,337 | +€30,271 | +46,237% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,574 | €23,177 | +€1,603 | +7.4% |
| Deferred charges and accrued income | 490/1 | €27,993 | €1,241 | -€26,752 | -95.6% |
| Total equity and liabilities | 10/49 | €149,852 | €149,975 | +€123 | +0.1% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,852 | €148,975 | +€123 | +0.1% |
| Amounts payable after more than one year | 17 | €67,895 | €45,515 | -€22,380 | -33.0% |
| Financial debts | 170/4 | €67,895 | €45,515 | -€22,380 | -33.0% |
| Amounts payable within one year | 42/48 | €80,957 | €103,460 | +€22,503 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €22,132 | €22,380 | +€248 | +1.1% |
| Trade debts | 44 | €3,959 | €0 | -€3,959 | -100% |
| Suppliers | 440/4 | €3,959 | €0 | -€3,959 | -100% |
| Taxes, remuneration and social security | 45 | €1,180 | €2,939 | +€1,759 | +149% |
| Taxes | 450/3 | €1,180 | €2,939 | +€1,759 | +149% |
| Other amounts payable | 47/48 | €53,686 | €78,141 | +€24,455 | +45.6% |
| Remuneration, social security and pensions | 62 | €117 | €0 | -€117 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,083 | €16,000 | +€917 | +6.1% |
| Other operating charges | 640/8 | €689 | €634 | -€55 | -8.0% |
| Gross operating margin | 9900 | €53,680 | €66,961 | +€13,281 | +24.7% |
| Operating profit (loss) | 9901 | €37,791 | €50,327 | +€12,537 | +33.2% |
| Financial income | 75/76B | €0 | €11,080 | +€11,080 | |
| Recurring financial income | 75 | €0 | €11,080 | +€11,080 | |
| Non-recurring financial income | 76B | - | €11,080 | +€11,080 | |
| Financial charges | 65/66B | €1,616 | €1,213 | -€403 | -24.9% |
| Recurring financial charges | 65 | €1,616 | €1,213 | -€403 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €36,174 | €60,194 | +€24,020 | +66.4% |
| Income taxes | 67/77 | €8,123 | €12,600 | +€4,477 | +55.1% |
| Profit (loss) for the period | 9904 | €28,052 | €47,594 | +€19,542 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,052 | €47,594 | +€19,542 | +69.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.