BIONAT: 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.
What changed
BIONAT
NACE 10.840, Manufacture of food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€170,031
2024 · €7,991+€162,039
Equity
€2.5m
2024 · €2.1m+€446,248
Cash
€288,307
2024 · €359,055-€70,748
Balance sheet total
€11.4m
2024 · €10.4m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€879,245
up €879,245 (+16.1%), from €5.5m to €6.3m
of which Plant, machinery and equipment: +€3.5m
- Receivables within one year +€206,203
up €206,203 (+12.0%), from €1.7m to €1.9m
of which Trade receivables: +€123,027
Equity and liabilities
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Debts after one year -€313,602
down €313,602 (-6.1%), from €5.1m to €4.8m
of which Other amounts payable: -€1.4m
- Investment grants +€276,217
up €276,217 (+994.3%), from €27,780 to €303,997
- Trade debts -€258,577
down €258,577 (-13.0%), from €2.0m to €1.7m
- Profit (loss) carried forward +€170,031
up €170,031 (+13.9%), from €1.2m to €1.4m
Income statement
- Gross operating margin +€368,501
up €368,501 (+17.0%), from €2.2m to €2.5m
- Other operating charges -€318,456
down €318,456 (-65.5%), from €486,002 to €167,546
- Depreciation +€280,688
up €280,688 (+92.5%), from €303,291 to €583,979
- Staff costs +€263,896
up €263,896 (+14.8%), from €1.8m to €2.0m
- Financial charges +€109,222
up €109,222 (+69.1%), from €157,975 to €267,197
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.
Result 2024
€7,991
Gross operating margin
+€368,501
Staff costs
-€263,896
Depreciation
-€280,688
Write-downs
+€100,000
Other operating charges
+€318,456
Financial income
-€1,021
Financial charges
-€109,222
Taxes
+€34,032
Deferred taxes and other
-€4,122
Result 2025
€170,031
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.
From operations
+€120,993
Investment
-€1.4m
Financing
+€1.2m
Cash 2024
€359,055
From operations (derived)
+€120,993
Net result for the year
+€170,031
Depreciation
+€583,979
Stocks and contracts
-€7,853
Receivables within one year
-€206,203
Deferred charges and accrued income
-€29,359
Trade debts
-€258,577
Tax, wage and social debts
-€41,769
Other debts
-€113,280
Accrued charges and deferred income
+€24,025
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.2m
Debts after one year
-€313,602
Current portion of long-term debt
+€156,372
Short-term financial debts
+€1.1m
Contributions, distributions and other
+€276,217
Cash 2025
€288,307
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,390,593 | €11,404,101 | +€1.0m | +9.8% |
| Fixed assets | 21/28 | €7,138,536 | €7,979,377 | +€840,840 | +11.8% |
| Intangible fixed assets | 21 | €100,551 | €72,146 | -€28,405 | -28.2% |
| Tangible fixed assets | 22/27 | €5,459,940 | €6,339,186 | +€879,245 | +16.1% |
| Plant, machinery and equipment | 23 | €1,047,361 | €4,518,830 | +€3.5m | +331.4% |
| Furniture and vehicles | 24 | €112,022 | €101,629 | -€10,393 | -9.3% |
| Leasing and similar rights | 25 | €1,000,957 | €1,307,189 | +€306,233 | +30.6% |
| Assets under construction and advance payments | 27 | €3,299,600 | €411,536 | -€2.9m | -87.5% |
| Financial fixed assets | 28 | €1,578,045 | €1,568,045 | -€10,000 | -0.6% |
| Current assets | 29/58 | €3,252,056 | €3,424,724 | +€172,668 | +5.3% |
| Stocks and contracts in progress | 3 | €1,070,415 | €1,078,268 | +€7,853 | +0.7% |
| Stocks | 30/36 | €1,070,415 | €1,078,268 | +€7,853 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,720,839 | €1,927,042 | +€206,203 | +12.0% |
| Trade receivables | 40 | €1,245,529 | €1,368,556 | +€123,027 | +9.9% |
| Other amounts receivable | 41 | €475,310 | €558,486 | +€83,176 | +17.5% |
| Cash at bank and in hand | 54/58 | €359,055 | €288,307 | -€70,748 | -19.7% |
| Deferred charges and accrued income | 490/1 | €101,747 | €131,107 | +€29,359 | +28.9% |
| Total equity and liabilities | 10/49 | €10,390,593 | €11,404,101 | +€1.0m | +9.8% |
| Equity | 10/15 | €2,058,708 | €2,504,957 | +€446,248 | +21.7% |
| Contributions | 10/11 | €393,842 | €393,842 | = | 0.0% |
| Capital | 10 | €393,842 | €393,842 | = | 0.0% |
| Issued capital | 100 | €393,842 | €393,842 | = | 0.0% |
| Reserves | 13 | €412,681 | €412,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €146,392 | €146,392 | = | 0.0% |
| Legal reserve | 130 | €39,384 | €39,384 | = | 0.0% |
| Reserves not available under the articles | 1311 | €107,008 | €107,008 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,181 | €15,181 | = | 0.0% |
| Distributable reserves | 133 | €251,108 | €251,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,224,406 | €1,394,437 | +€170,031 | +13.9% |
| Investment grants | 15 | €27,780 | €303,997 | +€276,217 | +994.3% |
| Amounts payable | 17/49 | €8,331,884 | €8,899,144 | +€567,260 | +6.8% |
| Amounts payable after more than one year | 17 | €5,112,980 | €4,799,379 | -€313,602 | -6.1% |
| Financial debts | 170/4 | €3,734,365 | €4,799,379 | +€1.1m | +28.5% |
| Other amounts payable | 178/9 | €1,378,615 | - | -€1.4m | |
| Amounts payable within one year | 42/48 | €3,208,897 | €4,065,733 | +€856,836 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €545,957 | €702,329 | +€156,372 | +28.6% |
| Financial debts | 43 | - | €1,114,090 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,114,090 | +€1.1m | |
| Trade debts | 44 | €1,982,872 | €1,724,295 | -€258,577 | -13.0% |
| Suppliers | 440/4 | €1,982,872 | €1,724,295 | -€258,577 | -13.0% |
| Taxes, remuneration and social security | 45 | €254,521 | €212,751 | -€41,769 | -16.4% |
| Taxes | 450/3 | €76,468 | €46,856 | -€29,612 | -38.7% |
| Remuneration and social security | 454/9 | €178,052 | €165,895 | -€12,157 | -6.8% |
| Other amounts payable | 47/48 | €425,547 | €312,268 | -€113,280 | -26.6% |
| Accrued charges and deferred income | 492/3 | €10,007 | €34,033 | +€24,025 | +240.1% |
| Remuneration, social security and pensions | 62 | €1,783,331 | €2,047,227 | +€263,896 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,291 | €583,979 | +€280,688 | +92.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€100,000 | -€100,000 | |
| Other operating charges | 640/8 | €486,002 | €167,546 | -€318,456 | -65.5% |
| Gross operating margin | 9900 | €2,167,836 | €2,536,337 | +€368,501 | +17.0% |
| Operating profit (loss) | 9901 | -€404,788 | -€162,415 | +€242,373 | +59.9% |
| Financial income | 75/76B | €603,385 | €602,364 | -€1,021 | -0.2% |
| Recurring financial income | 75 | €603,385 | €602,364 | -€1,021 | -0.2% |
| Financial charges | 65/66B | €157,975 | €267,197 | +€109,222 | +69.1% |
| Recurring financial charges | 65 | €157,975 | €267,197 | +€109,222 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €40,622 | €172,752 | +€132,130 | +325.3% |
| Transfer from deferred taxes | 780 | €4,122 | - | -€4,122 | |
| Income taxes | 67/77 | €36,753 | €2,721 | -€34,032 | -92.6% |
| Profit (loss) for the period | 9904 | €7,991 | €170,031 | +€162,039 | +2027.7% |
| Transfer from tax-exempt reserves | 789 | €12,367 | - | -€12,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,358 | €170,031 | +€149,672 | +735.2% |
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 12 October 2026 via checked.be.