BioSenic: 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
BioSenic
NACE 72.109, Other research and development on natural sciences
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22.2m
2024 · -€46.6m+€68.8m
Equity
-€661,415
2024 · --€661,415
Cash
€67,080
2024 · €343,270-€276,190
Balance sheet total
€3.4m
2024 · €5.5m-€2.1m
Largest movements
Assets
- Receivables after one year -€805,963
down €805,963 (-27.2%), from €3.0m to €2.2m
- Formation expenses -€331,163
down €331,163 (-49.4%), from €669,801 to €338,638
- Receivables within one year -€326,353
down €326,353 (-32.2%), from €1.0m to €685,930
of which Trade receivables: -€280,797
- Cash -€276,190
down €276,190 (-80.5%), from €343,270 to €67,080
mainly Debts after one year (-€21.0m) and Trade debts (-€1.8m)
- Deferred charges and accrued income -€231,249
down €231,249 (-94.5%), from €244,586 to €13,337
Equity and liabilities
- Profit (loss) carried forward +€22.2m
up €22.2m (+28.8%), from -€77.1m to -€54.9m
- Debts after one year -€21.0m
down €21.0m (-99.9%), from €21.1m to €27,521
of which Financial debts: -€17.8m
- Trade debts -€1.8m
down €1.8m (-61.4%), from €2.9m to €1.1m
- Accrued charges and deferred income -€1.2m
no longer reported in 2025 (was €1.2m)
- Contributions +€1,000,000
up €1,000,000 (+1.9%), from €53.2m to €54.2m
of which Capital: +€1,000,000
Income statement
- Financial charges -€43.4m
down €43.4m (-99.9%), from €43.5m to €23,191
of which Non-recurring financial charges: -€41.9m
- Services and other goods -€3.0m
down €3.0m (-71.2%), from €4.2m to €1.2m
- Depreciation -€2.8m
down €2.8m (-88.8%), from €3.1m to €348,419
- Other operating income -€496,271
down €496,271 (-99.9%), from €496,789 to €518
- Staff costs -€297,508
down €297,508 (-97.5%), from €305,250 to €7,742
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
-€46.6m
Staff costs
+€297,508
Depreciation
+€2.8m
Other operating charges
+€166,289
Other operating items
+€22.2m
Financial income
+€1,686
Financial charges
+€43.4m
Other financial items
-€832
Taxes
-€298
Result 2025
€22.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20.5m
Investment
+€92,424
Financing
-€20.9m
Cash 2024
€343,270
From operations (derived)
+€20.5m
Net result for the year
+€22.2m
Depreciation
+€348,419
Receivables after one year
+€805,963
Receivables within one year
+€326,353
Deferred charges and accrued income
+€231,249
Trade debts
-€1.8m
Tax, wage and social debts
-€45,068
Other debts
-€349,077
Accrued charges and deferred income
-€1.2m
Investment (derived)
+€92,424
Investment in fixed assets (net)
+€92,424
Financing
-€20.9m
Debts after one year
-€21.0m
Current portion of long-term debt
-€865,120
Contributions, distributions and other
+€999,999
Not broken down
+€1
Cash 2025
€67,080
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,479,852 | €3,399,253 | -€2.1m | -38.0% |
| Formation expenses | 20 | €669,801 | €338,638 | -€331,163 | -49.4% |
| Fixed assets | 21/28 | €251,528 | €141,848 | -€109,680 | -43.6% |
| Intangible fixed assets | 21 | €1,749 | €0 | -€1,749 | -100% |
| Tangible fixed assets | 22/27 | €110,529 | €2,598 | -€107,931 | -97.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €6,456 | €2,598 | -€3,858 | -59.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €104,073 | €0 | -€104,073 | -100% |
| Financial fixed assets | 28 | €139,250 | €139,250 | = | 0.0% |
| Affiliated companies | 280/1 | €125,000 | €125,000 | = | 0.0% |
| Participating interests | 280 | €125,000 | €125,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €14,250 | €14,250 | = | 0.0% |
| Shares | 284 | €12,400 | €12,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €4,558,523 | €2,918,767 | -€1.6m | -36.0% |
| Amounts receivable after more than one year | 29 | €2,958,383 | €2,152,420 | -€805,963 | -27.2% |
| Other amounts receivable | 291 | €2,958,383 | €2,152,420 | -€805,963 | -27.2% |
| Amounts receivable within one year | 40/41 | €1,012,283 | €685,930 | -€326,353 | -32.2% |
| Trade receivables | 40 | €290,143 | €9,346 | -€280,797 | -96.8% |
| Other amounts receivable | 41 | €722,140 | €676,584 | -€45,556 | -6.3% |
| Cash at bank and in hand | 54/58 | €343,270 | €67,080 | -€276,190 | -80.5% |
| Deferred charges and accrued income | 490/1 | €244,586 | €13,337 | -€231,249 | -94.5% |
| Total equity and liabilities | 10/49 | €5,479,852 | €3,399,253 | -€2.1m | -38.0% |
| Equity | 10/15 | - | -€661,415 | -€661,415 | |
| Contributions | 10/11 | €53,199,424 | €54,199,424 | +€1,000,000 | +1.9% |
| Capital | 10 | €37,400,669 | €38,400,669 | +€1,000,000 | +2.7% |
| Issued capital | 100 | €37,400,669 | €38,400,669 | +€1,000,000 | +2.7% |
| Contributions outside capital | 11 | €15,798,755 | €15,798,755 | +€0 | 0.0% |
| Share premium | 1100/10 | €15,798,755 | €15,798,755 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€77,088,496 | -€54,860,839 | +€22.2m | +28.8% |
| Amounts payable | 17/49 | €29,368,925 | €4,060,668 | -€25.3m | -86.2% |
| Amounts payable after more than one year | 17 | €21,057,666 | €27,521 | -€21.0m | -99.9% |
| Financial debts | 170/4 | €17,795,364 | €0 | -€17.8m | -100% |
| Subordinated loans | 170 | €17,795,364 | €0 | -€17.8m | -100% |
| Trade debts | 175 | €282,117 | - | -€282,117 | |
| Suppliers | 1750 | €282,117 | - | -€282,117 | |
| Other amounts payable | 178/9 | €2,980,185 | €27,521 | -€3.0m | -99.1% |
| Amounts payable within one year | 42/48 | €7,075,852 | €4,033,147 | -€3.0m | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €3,651,663 | €2,786,543 | -€865,120 | -23.7% |
| Trade debts | 44 | €2,905,409 | €1,121,968 | -€1.8m | -61.4% |
| Suppliers | 440/4 | €2,905,409 | €1,121,968 | -€1.8m | -61.4% |
| Taxes, remuneration and social security | 45 | €45,068 | - | -€45,068 | |
| Taxes | 450/3 | €26,505 | - | -€26,505 | |
| Remuneration and social security | 454/9 | €18,564 | - | -€18,564 | |
| Other amounts payable | 47/48 | €473,712 | €124,635 | -€349,077 | -73.7% |
| Accrued charges and deferred income | 492/3 | €1,235,406 | - | -€1.2m | |
| Operating income | 70/76A | €5,925,928 | €24,095,544 | +€18.2m | +307% |
| Own construction capitalised | 72 | €2,624,634 | - | -€2.6m | |
| Other operating income | 74 | €496,789 | €518 | -€496,271 | -99.9% |
| Non-recurring operating income | 76A | €2,804,505 | €24,095,026 | +€21.3m | +759% |
| Operating charges | 60/66A | €9,089,548 | €1,846,084 | -€7.2m | -79.7% |
| Services and other goods | 61 | €4,186,074 | €1,205,140 | -€3.0m | -71.2% |
| Remuneration, social security and pensions | 62 | €305,250 | €7,742 | -€297,508 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,100,474 | €348,419 | -€2.8m | -88.8% |
| Other operating charges | 640/8 | €277,315 | €111,026 | -€166,289 | -60.0% |
| Non-recurring operating charges | 66A | €1,220,433 | €173,758 | -€1.0m | -85.8% |
| Operating profit (loss) | 9901 | -€3,163,620 | €22,249,460 | +€25.4m | |
| Financial income | 75/76B | - | €1,686 | +€1,686 | |
| Recurring financial income | 75 | €832 | €1,686 | +€854 | +103% |
| Income from current assets | 751 | €169 | €1,686 | +€1,517 | +898% |
| Other financial income | 752/9 | €663 | - | -€663 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €43,452,732 | €23,191 | -€43.4m | -99.9% |
| Recurring financial charges | 65 | €1,575,955 | €23,191 | -€1.6m | -98.5% |
| Debt charges | 650 | €1,569,851 | €23,191 | -€1.5m | -98.5% |
| Other financial charges | 652/9 | €6,104 | - | -€6,104 | |
| Non-recurring financial charges | 66B | €41,876,777 | - | -€41.9m | |
| Profit (loss) for the period before taxes | 9903 | -€46,615,520 | €22,227,955 | +€68.8m | |
| Income taxes | 67/77 | - | €298 | +€298 | |
| Taxes | 670/3 | - | €298 | +€298 | |
| Profit (loss) for the period | 9904 | -€46,615,520 | €22,227,658 | +€68.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,615,520 | €22,227,658 | +€68.8m |
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 23 October 2026 via checked.be.