BIOCARBON MASTERS: 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.
BIOCARBON MASTERS
Largest movements
- Intangible fixed assets -€252,268
down €252,268 (-30.8%), from €817,998 to €565,729
- Profit (loss) carried forward -€287,322
down €287,322 (-15.2%), from -€1.9m to -€2.2m
- Accrued charges and deferred income +€110,174
up €110,174 (+22.1%), from €499,260 to €609,434
- Investment grants -€88,106
down €88,106 (-75.0%), from €117,434 to €29,328
- Debts after one year +€37,500
up €37,500 (+1.8%), from €2.1m to €2.1m
- Trade debts -€24,531
down €24,531 (-97.3%), from €25,218 to €687
- Gross operating margin +€96,464
up €96,464, from -€18,127 to €78,337
- Depreciation -€30,717
down €30,717 (-10.8%), from €284,929 to €254,212
- Financial charges -€25,666
down €25,666 (-18.9%), from €136,113 to €110,448
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 | €826,536 | €574,251 | -€252,285 | -30.5% |
| Fixed assets | 21/28 | €820,491 | €567,554 | -€252,937 | -30.8% |
| Intangible fixed assets | 21 | €817,998 | €565,729 | -€252,268 | -30.8% |
| Tangible fixed assets | 22/27 | €2,493 | €1,824 | -€668 | -26.8% |
| Plant, machinery and equipment | 23 | €2,493 | €663 | -€1,830 | -73.4% |
| Furniture and vehicles | 24 | - | €1,161 | +€1,161 | |
| Current assets | 29/58 | €6,046 | €6,698 | +€652 | +10.8% |
| Amounts receivable within one year | 40/41 | €1,150 | €167 | -€983 | -85.4% |
| Other amounts receivable | 41 | €1,150 | €167 | -€983 | -85.4% |
| Cash at bank and in hand | 54/58 | €4,896 | €6,530 | +€1,634 | +33.4% |
| Total equity and liabilities | 10/49 | €826,536 | €574,251 | -€252,285 | -30.5% |
| Equity | 10/15 | -€1,764,548 | -€2,139,975 | -€375,427 | -21.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,888,282 | -€2,175,603 | -€287,322 | -15.2% |
| Investment grants | 15 | €117,434 | €29,328 | -€88,106 | -75.0% |
| Amounts payable | 17/49 | €2,591,084 | €2,714,226 | +€123,142 | +4.8% |
| Amounts payable after more than one year | 17 | €2,066,606 | €2,104,106 | +€37,500 | +1.8% |
| Other amounts payable | 178/9 | €2,066,606 | €2,104,106 | +€37,500 | +1.8% |
| Amounts payable within one year | 42/48 | €25,218 | €687 | -€24,531 | -97.3% |
| Trade debts | 44 | €25,218 | €687 | -€24,531 | -97.3% |
| Suppliers | 440/4 | €25,218 | €687 | -€24,531 | -97.3% |
| Accrued charges and deferred income | 492/3 | €499,260 | €609,434 | +€110,174 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,929 | €254,212 | -€30,717 | -10.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€18,127 | €78,337 | +€96,464 | |
| Operating profit (loss) | 9901 | -€304,024 | -€176,874 | +€127,150 | +41.8% |
| Financial charges | 65/66B | €136,113 | €110,448 | -€25,666 | -18.9% |
| Recurring financial charges | 65 | €136,113 | €110,448 | -€25,666 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€440,137 | -€287,322 | +€152,815 | +34.7% |
| Profit (loss) for the period | 9904 | -€440,137 | -€287,322 | +€152,815 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€440,137 | -€287,322 | +€152,815 | +34.7% |
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 16 October 2026 via checked.be.