BIO PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Cash +€164,986
up €164,986 (+232.9%), from €70,833 to €235,818
mainly Net result for the year (+€219,931) and Trade debts (+€43,344)
- Receivables within one year -€27,213
down €27,213 (-20.5%), from €132,589 to €105,376
of which Trade receivables: -€39,056
- Stocks and contracts +€16,615
up €16,615 (+15.3%), from €108,787 to €125,401
- Financial fixed assets -€15,586
down €15,586 (-100.0%), from €15,586 to €0
- Tangible fixed assets +€5,745
up €5,745 (+5.8%), from €99,584 to €105,329
of which Other tangible fixed assets: +€8,193
- Profit (loss) carried forward +€73,588
up €73,588 (+94.6%), from €77,827 to €151,415
- Trade debts +€43,344
up €43,344 (+38.2%), from €113,471 to €156,815
- Current portion of long-term debt +€19,975
up €19,975 (+352.1%), from €5,674 to €25,648
- Other debts +€17,310
up €17,310 (+13.4%), from €129,192 to €146,502
- Tax, wage and social debts -€11,059
down €11,059 (-17.3%), from €64,093 to €53,034
of which Remuneration and social security: -€6,459
- Gross operating margin +€57,004
up €57,004 (+8.8%), from €650,223 to €707,227
- Staff costs +€14,433
up €14,433 (+4.4%), from €330,870 to €345,304
- Financial income -€12,943
down €12,943 (-92.8%), from €13,953 to €1,010
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.
Cash bridge derived
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 | €430,258 | €572,624 | +€142,366 | +33.1% |
| Formation expenses | 20 | €1,472 | €0 | -€1,472 | -100.0% |
| Fixed assets | 21/28 | €116,577 | €106,028 | -€10,549 | -9.0% |
| Intangible fixed assets | 21 | €1,407 | €700 | -€708 | -50.3% |
| Tangible fixed assets | 22/27 | €99,584 | €105,329 | +€5,745 | +5.8% |
| Plant, machinery and equipment | 23 | €20,313 | €19,373 | -€940 | -4.6% |
| Furniture and vehicles | 24 | €6,509 | €5,000 | -€1,509 | -23.2% |
| Other tangible fixed assets | 26 | €72,762 | €80,955 | +€8,193 | +11.3% |
| Financial fixed assets | 28 | €15,586 | €0 | -€15,586 | -100.0% |
| Current assets | 29/58 | €312,209 | €466,595 | +€154,387 | +49.4% |
| Stocks and contracts in progress | 3 | €108,787 | €125,401 | +€16,615 | +15.3% |
| Stocks | 30/36 | €108,787 | €125,401 | +€16,615 | +15.3% |
| Amounts receivable within one year | 40/41 | €132,589 | €105,376 | -€27,213 | -20.5% |
| Trade receivables | 40 | €71,539 | €32,482 | -€39,056 | -54.6% |
| Other amounts receivable | 41 | €61,051 | €72,894 | +€11,843 | +19.4% |
| Cash at bank and in hand | 54/58 | €70,833 | €235,818 | +€164,986 | +232.9% |
| Total equity and liabilities | 10/49 | €430,258 | €572,624 | +€142,366 | +33.1% |
| Equity | 10/15 | €117,037 | €190,625 | +€73,588 | +62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,827 | €151,415 | +€73,588 | +94.6% |
| Amounts payable | 17/49 | €313,221 | €381,998 | +€68,778 | +22.0% |
| Amounts payable within one year | 42/48 | €313,221 | €381,998 | +€68,778 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €5,674 | €25,648 | +€19,975 | +352.1% |
| Trade debts | 44 | €113,471 | €156,815 | +€43,344 | +38.2% |
| Suppliers | 440/4 | €113,471 | €156,815 | +€43,344 | +38.2% |
| Advances received on contracts in progress | 46 | €792 | €0 | -€792 | -100.0% |
| Taxes, remuneration and social security | 45 | €64,093 | €53,034 | -€11,059 | -17.3% |
| Taxes | 450/3 | €23,956 | €19,356 | -€4,600 | -19.2% |
| Remuneration and social security | 454/9 | €40,137 | €33,677 | -€6,459 | -16.1% |
| Other amounts payable | 47/48 | €129,192 | €146,502 | +€17,310 | +13.4% |
| Remuneration, social security and pensions | 62 | €330,870 | €345,304 | +€14,433 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,104 | €26,778 | +€1,674 | +6.7% |
| Other operating charges | 640/8 | €16,217 | €14,850 | -€1,367 | -8.4% |
| Gross operating margin | 9900 | €650,223 | €707,227 | +€57,004 | +8.8% |
| Operating profit (loss) | 9901 | €278,031 | €320,295 | +€42,264 | +15.2% |
| Financial income | 75/76B | €13,953 | €1,010 | -€12,943 | -92.8% |
| Recurring financial income | 75 | €13,953 | €1,010 | -€12,943 | -92.8% |
| Financial charges | 65/66B | €21,960 | €25,699 | +€3,739 | +17.0% |
| Recurring financial charges | 65 | €21,960 | €25,699 | +€3,739 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €270,025 | €295,606 | +€25,582 | +9.5% |
| Income taxes | 67/77 | €70,223 | €75,676 | +€5,453 | +7.8% |
| Profit (loss) for the period | 9904 | €199,801 | €219,931 | +€20,129 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €199,801 | €219,931 | +€20,129 | +10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.