Bio-Ei-Korbol: 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.
Bio-Ei-Korbol
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+87.7%), from €1.2m to €2.2m
of which Land and buildings: +€670,475
- Stocks and contracts +€133,972
up €133,972 (+367%), from €36,474 to €170,446
- Intangible fixed assets +€55,594
up €55,594 (+96.9%), from €57,393 to €112,987
- Cash +€47,453
up €47,453 (+216%), from €21,925 to €69,378
mainly Debts after one year (+€1.1m) and Depreciation (+€158,629)
- Receivables within one year -€38,212
down €38,212 (-53.8%), from €71,012 to €32,800
of which Trade receivables: -€36,575
- Debts after one year +€1.1m
up €1.1m (+129%), from €838,888 to €1.9m
of which Financial debts: +€980,382
- Current portion of long-term debt +€98,694
up €98,694 (+148%), from €66,667 to €165,361
- Other debts -€98,428
down €98,428 (-96.6%), from €101,900 to €3,471
- Advances received +€50,000
new in 2026: €50,000
- Profit (loss) carried forward +€42,545
no longer reported in 2026 (was -€42,545)
- Gross operating margin +€106,251
up €106,251 (+61.5%), from €172,764 to €279,016
- Depreciation +€75,351
up €75,351 (+90.5%), from €83,277 to €158,629
- Financial charges +€48,294
up €48,294 (+148%), from €32,708 to €81,002
of which Financial charges: +€48,577
- Other operating charges +€5,932
up €5,932 (+103%), from €5,770 to €11,702
- Financial income +€2,965
up €2,965 (+25.5%), from €11,606 to €14,571
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,381,666 | €2,594,086 | +€1.2m | +87.8% |
| Fixed assets | 21/28 | €1,243,923 | €2,310,001 | +€1.1m | +85.7% |
| Intangible fixed assets | 21 | €57,393 | €112,987 | +€55,594 | +96.9% |
| Tangible fixed assets | 22/27 | €1,170,730 | €2,197,014 | +€1.0m | +87.7% |
| Land and buildings | 22 | €930,236 | €1,600,711 | +€670,475 | +72.1% |
| Plant, machinery and equipment | 23 | €240,494 | €596,303 | +€355,809 | +148% |
| Financial fixed assets | 28 | €15,800 | - | -€15,800 | |
| Current assets | 29/58 | €137,743 | €284,084 | +€146,341 | +106% |
| Stocks and contracts in progress | 3 | €36,474 | €170,446 | +€133,972 | +367% |
| Stocks | 30/36 | €36,474 | €170,446 | +€133,972 | +367% |
| Amounts receivable within one year | 40/41 | €71,012 | €32,800 | -€38,212 | -53.8% |
| Trade receivables | 40 | €69,375 | €32,800 | -€36,575 | -52.7% |
| Other amounts receivable | 41 | €1,637 | - | -€1,637 | |
| Cash at bank and in hand | 54/58 | €21,925 | €69,378 | +€47,453 | +216% |
| Deferred charges and accrued income | 490/1 | €8,332 | €11,461 | +€3,129 | +37.5% |
| Total equity and liabilities | 10/49 | €1,381,666 | €2,594,086 | +€1.2m | +87.8% |
| Equity | 10/15 | €269,205 | €303,723 | +€34,518 | +12.8% |
| Contributions | 10/11 | €164,000 | €164,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €4,723 | +€3,223 | +215% |
| Non-distributable reserves | 130/1 | €1,500 | - | -€1,500 | |
| Reserves not available under the articles | 1311 | €1,500 | - | -€1,500 | |
| Distributable reserves | 133 | - | €4,723 | +€4,723 | |
| Profit (loss) carried forward | 14 | -€42,545 | - | +€42,545 | |
| Investment grants | 15 | €146,250 | €135,000 | -€11,250 | -7.7% |
| Provisions and deferred taxes | 16 | €48,750 | €45,000 | -€3,750 | -7.7% |
| Deferred taxes | 168 | €48,750 | €45,000 | -€3,750 | -7.7% |
| Amounts payable | 17/49 | €1,063,711 | €2,245,363 | +€1.2m | +111% |
| Amounts payable after more than one year | 17 | €838,888 | €1,920,981 | +€1.1m | +129% |
| Financial debts | 170/4 | €438,888 | €1,419,270 | +€980,382 | +223% |
| Other amounts payable | 178/9 | €400,000 | €501,711 | +€101,711 | +25.4% |
| Amounts payable within one year | 42/48 | €215,167 | €289,633 | +€74,465 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €165,361 | +€98,694 | +148% |
| Trade debts | 44 | €42,687 | €43,015 | +€328 | +0.8% |
| Suppliers | 440/4 | €42,687 | €43,015 | +€328 | +0.8% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €3,914 | €27,785 | +€23,871 | +610% |
| Taxes | 450/3 | €3,914 | €27,785 | +€23,871 | +610% |
| Other amounts payable | 47/48 | €101,900 | €3,471 | -€98,428 | -96.6% |
| Accrued charges and deferred income | 492/3 | €9,655 | €34,749 | +€25,094 | +260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,277 | €158,629 | +€75,351 | +90.5% |
| Other operating charges | 640/8 | €5,770 | €11,702 | +€5,932 | +103% |
| Gross operating margin | 9900 | €172,764 | €279,016 | +€106,251 | +61.5% |
| Operating profit (loss) | 9901 | €83,717 | €108,685 | +€24,968 | +29.8% |
| Financial income | 75/76B | €11,606 | €14,571 | +€2,965 | +25.5% |
| Recurring financial income | 75 | €11,606 | €14,571 | +€2,965 | +25.5% |
| Financial charges | 65/66B | €32,708 | €81,002 | +€48,294 | +148% |
| Recurring financial charges | 65 | €32,425 | €81,002 | +€48,577 | +150% |
| Non-recurring financial charges | 66B | €283 | - | -€283 | |
| Profit (loss) for the period before taxes | 9903 | €62,615 | €42,254 | -€20,361 | -32.5% |
| Transfer from deferred taxes | 780 | €3,750 | €3,750 | = | 0.0% |
| Income taxes | 67/77 | €229 | €236 | +€7 | +3.1% |
| Profit (loss) for the period | 9904 | €66,136 | €45,768 | -€20,368 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,136 | €45,768 | -€20,368 | -30.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.