BIO INCUBATOR BRUSSELS: what changed
BIO INCUBATOR BRUSSELS
Largest movements
- Tangible fixed assets -€170,220
down €170,220 (-4.8%), from €3.5m to €3.4m
of which Land and buildings: -€159,458
- Cash -€118,647
down €118,647 (-29.4%), from €404,108 to €285,462
mainly Net result for the year (-€209,927) and Debts after one year (-€121,600)
- Receivables within one year -€42,076
down €42,076 (-69.9%), from €60,166 to €18,090
of which Trade receivables: -€23,596
- Profit (loss) carried forward -€209,927
down €209,927 (-301%), from -€69,690 to -€279,617
- Debts after one year -€121,600
down €121,600 (-4.3%), from €2.8m to €2.7m
- Depreciation +€146,750
up €146,750 (+364%), from €40,371 to €187,121
- Gross operating margin +€74,884
up €74,884, from -€22,291 to €52,593
- Other operating charges +€35,242
up €35,242 (+333%), from €10,588 to €45,829
- Financial income -€33,988
no longer reported in 2025 (was €33,988)
- Financial charges +€25,221
up €25,221 (+359%), from €7,025 to €32,246
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 | €3,992,881 | €3,671,117 | -€321,764 | -8.1% |
| Fixed assets | 21/28 | €3,527,552 | €3,357,333 | -€170,220 | -4.8% |
| Tangible fixed assets | 22/27 | €3,527,552 | €3,357,333 | -€170,220 | -4.8% |
| Land and buildings | 22 | €3,477,902 | €3,318,445 | -€159,458 | -4.6% |
| Plant, machinery and equipment | 23 | €49,650 | €38,888 | -€10,762 | -21.7% |
| Current assets | 29/58 | €465,329 | €313,784 | -€151,544 | -32.6% |
| Amounts receivable within one year | 40/41 | €60,166 | €18,090 | -€42,076 | -69.9% |
| Trade receivables | 40 | €41,686 | €18,090 | -€23,596 | -56.6% |
| Other amounts receivable | 41 | €18,481 | - | -€18,481 | |
| Cash at bank and in hand | 54/58 | €404,108 | €285,462 | -€118,647 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,055 | €10,233 | +€9,179 | +870% |
| Total equity and liabilities | 10/49 | €3,992,881 | €3,671,117 | -€321,764 | -8.1% |
| Equity | 10/15 | €1,059,310 | €849,383 | -€209,927 | -19.8% |
| Contributions | 10/11 | €1,129,000 | €1,129,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,690 | -€279,617 | -€209,927 | -301% |
| Amounts payable | 17/49 | €2,933,572 | €2,821,734 | -€111,837 | -3.8% |
| Amounts payable after more than one year | 17 | €2,800,604 | €2,679,004 | -€121,600 | -4.3% |
| Financial debts | 170/4 | €2,800,604 | €2,679,004 | -€121,600 | -4.3% |
| Amounts payable within one year | 42/48 | €132,968 | €142,730 | +€9,763 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €120,396 | €121,600 | +€1,204 | +1.0% |
| Trade debts | 44 | €12,572 | €18,367 | +€5,796 | +46.1% |
| Suppliers | 440/4 | €12,572 | €18,367 | +€5,796 | +46.1% |
| Taxes, remuneration and social security | 45 | - | €2,763 | +€2,763 | |
| Taxes | 450/3 | - | €2,763 | +€2,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,371 | €187,121 | +€146,750 | +364% |
| Other operating charges | 640/8 | €10,588 | €45,829 | +€35,242 | +333% |
| Gross operating margin | 9900 | -€22,291 | €52,593 | +€74,884 | |
| Operating profit (loss) | 9901 | -€73,249 | -€180,358 | -€107,109 | -146% |
| Financial income | 75/76B | €33,988 | - | -€33,988 | |
| Recurring financial income | 75 | €33,988 | - | -€33,988 | |
| Financial charges | 65/66B | €7,025 | €32,246 | +€25,221 | +359% |
| Recurring financial charges | 65 | €7,025 | €32,246 | +€25,221 | +359% |
| Profit (loss) for the period before taxes | 9903 | -€46,286 | -€212,604 | -€166,318 | -359% |
| Income taxes | 67/77 | €10,196 | -€2,678 | -€12,874 | |
| Profit (loss) for the period | 9904 | -€56,483 | -€209,927 | -€153,444 | -272% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,483 | -€209,927 | -€153,444 | -272% |
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 4 November 2026 via checked.be.