Biotalys: 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
Biotalys
NACE 72.101, Research and development on biotechnology
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15.1m
2024 · -€13.1m-€2.0m
Equity
€9.9m
2024 · €24.8m-€14.9m
Cash
€99,134
2024 · €3.4m-€3.3m
Balance sheet total
€16.3m
2024 · €32.3m-€16.0m
Largest movements
Assets
- Current investments -€11.2m
down €11.2m (-52.8%), from €21.2m to €10.0m
- Cash -€3.3m
down €3.3m (-97.1%), from €3.4m to €99,134
mainly Net result for the year (-€15.1m) and Investment in fixed assets (net) (-€9.4m)
- Tangible fixed assets -€999,793
down €999,793 (-30.1%), from €3.3m to €2.3m
Equity and liabilities
- Profit (loss) carried forward -€15.1m
down €15.1m (-115%), from -€13.1m to -€28.3m
- Debts after one year -€627,691
down €627,691 (-25.7%), from €2.4m to €1.8m
Income statement
- Services and other goods +€1.6m
up €1.6m (+20.3%), from €8.0m to €9.6m
- Depreciation +€1.6m
up €1.6m (+18.2%), from €8.8m to €10.4m
- Taxes +€444,071
up €444,071 (+71.0%), from -€625,252 to -€181,181
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
-€13.1m
Staff costs
-€12,412
Depreciation
-€1.6m
Other operating charges
-€19,441
Other operating items
+€384,582
Financial income
-€322,752
Financial charges
+€32,478
Taxes
-€444,071
Result 2025
-€15.1m
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
-€4.7m
Investment
+€1.8m
Financing
-€496,047
Cash 2024
€3.4m
From operations (derived)
-€4.7m
Net result for the year
-€15.1m
Depreciation
+€10.4m
Receivables after one year
+€174,696
Smaller working-capital items
-€2,768
Receivables within one year
+€237,338
Deferred charges and accrued income
+€63,603
Trade debts
+€45,645
Tax, wage and social debts
-€189,728
Accrued charges and deferred income
-€274,386
Investment (derived)
+€1.8m
Investment in fixed assets (net)
-€9.4m
Current investments
+€11.2m
Financing
-€496,047
Debts after one year
-€627,691
Current portion of long-term debt
-€104,825
Contributions, distributions and other
+€236,469
Cash 2025
€99,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,325,242 | €16,291,764 | -€16.0m | -49.6% |
| Fixed assets | 21/28 | €3,444,060 | €2,430,813 | -€1.0m | -29.4% |
| Intangible fixed assets | 21 | €117,034 | €103,580 | -€13,454 | -11.5% |
| Tangible fixed assets | 22/27 | €3,327,017 | €2,327,224 | -€999,793 | -30.1% |
| Plant, machinery and equipment | 23 | €856,471 | €594,792 | -€261,679 | -30.6% |
| Furniture and vehicles | 24 | €221,952 | €129,089 | -€92,863 | -41.8% |
| Leasing and similar rights | 25 | €563,219 | €339,316 | -€223,903 | -39.8% |
| Other tangible fixed assets | 26 | €1,685,375 | €1,264,027 | -€421,348 | -25.0% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Affiliated companies | 280/1 | €9 | €9 | = | 0.0% |
| Participating interests | 280 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €28,881,182 | €13,860,951 | -€15.0m | -52.0% |
| Amounts receivable after more than one year | 29 | €2,609,496 | €2,434,800 | -€174,696 | -6.7% |
| Other amounts receivable | 291 | €2,609,496 | €2,434,800 | -€174,696 | -6.7% |
| Stocks and contracts in progress | 3 | €193,303 | €197,932 | +€4,629 | +2.4% |
| Stocks | 30/36 | €193,303 | €197,932 | +€4,629 | +2.4% |
| Raw materials and consumables | 30/31 | €193,303 | €197,932 | +€4,629 | +2.4% |
| Amounts receivable within one year | 40/41 | €899,388 | €662,050 | -€237,338 | -26.4% |
| Trade receivables | 40 | €133,259 | €2,015 | -€131,244 | -98.5% |
| Other amounts receivable | 41 | €766,129 | €660,035 | -€106,094 | -13.8% |
| Current investments | 50/53 | €21,229,875 | €10,010,199 | -€11.2m | -52.8% |
| Other investments | 51/53 | €21,229,875 | €10,010,199 | -€11.2m | -52.8% |
| Cash at bank and in hand | 54/58 | €3,428,681 | €99,134 | -€3.3m | -97.1% |
| Deferred charges and accrued income | 490/1 | €520,439 | €456,836 | -€63,603 | -12.2% |
| Total equity and liabilities | 10/49 | €32,325,242 | €16,291,764 | -€16.0m | -49.6% |
| Equity | 10/15 | €24,757,701 | €9,873,347 | -€14.9m | -60.1% |
| Contributions | 10/11 | €37,893,289 | €38,129,758 | +€236,469 | +0.6% |
| Capital | 10 | €5,538,756 | €5,555,181 | +€16,425 | +0.3% |
| Issued capital | 100 | €5,538,756 | €5,555,181 | +€16,425 | +0.3% |
| Contributions outside capital | 11 | €32,354,533 | €32,574,577 | +€220,044 | +0.7% |
| Share premium | 1100/10 | €32,354,533 | €32,574,577 | +€220,044 | +0.7% |
| Profit (loss) carried forward | 14 | -€13,135,588 | -€28,256,411 | -€15.1m | -115% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €7,467,541 | €6,318,417 | -€1.1m | -15.4% |
| Amounts payable after more than one year | 17 | €2,445,240 | €1,817,549 | -€627,691 | -25.7% |
| Financial debts | 170/4 | €2,445,240 | €1,817,549 | -€627,691 | -25.7% |
| Leasing and similar obligations | 172 | €341,306 | €199,138 | -€142,168 | -41.7% |
| Credit institutions | 173 | €2,103,934 | €1,618,411 | -€485,523 | -23.1% |
| Amounts payable within one year | 42/48 | €3,577,789 | €3,330,742 | -€247,047 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €732,516 | €627,691 | -€104,825 | -14.3% |
| Trade debts | 44 | €1,168,741 | €1,214,386 | +€45,645 | +3.9% |
| Suppliers | 440/4 | €1,168,741 | €1,214,386 | +€45,645 | +3.9% |
| Taxes, remuneration and social security | 45 | €1,325,291 | €1,135,563 | -€189,728 | -14.3% |
| Taxes | 450/3 | €2,984 | €2,984 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,322,307 | €1,132,579 | -€189,728 | -14.3% |
| Other amounts payable | 47/48 | €351,241 | €353,102 | +€1,861 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,444,512 | €1,170,126 | -€274,386 | -19.0% |
| Operating income | 70/76A | €9,954,826 | €11,943,615 | +€2.0m | +20.0% |
| Own construction capitalised | 72 | €7,394,512 | €9,210,170 | +€1.8m | +24.6% |
| Other operating income | 74 | €2,533,732 | €2,733,055 | +€199,323 | +7.9% |
| Non-recurring operating income | 76A | €26,582 | €390 | -€26,192 | -98.5% |
| Operating charges | 60/66A | €24,105,058 | €27,344,737 | +€3.2m | +13.4% |
| Goods for resale, raw materials and consumables | 60 | €8,462 | -€4,629 | -€13,091 | |
| Change in stocks: decrease (increase) | 609 | €8,462 | -€4,629 | -€13,091 | |
| Services and other goods | 61 | €7,951,250 | €9,568,936 | +€1.6m | +20.3% |
| Remuneration, social security and pensions | 62 | €7,341,473 | €7,353,885 | +€12,412 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,797,664 | €10,401,283 | +€1.6m | +18.2% |
| Other operating charges | 640/8 | €4,803 | €24,244 | +€19,441 | +405% |
| Non-recurring operating charges | 66A | €1,406 | €1,018 | -€388 | -27.6% |
| Operating profit (loss) | 9901 | -€14,150,232 | -€15,401,122 | -€1.3m | -8.8% |
| Financial income | 75/76B | €715,335 | €392,583 | -€322,752 | -45.1% |
| Recurring financial income | 75 | €715,335 | €392,583 | -€322,752 | -45.1% |
| Income from financial fixed assets | 750 | - | €4 | +€4 | |
| Income from current assets | 751 | €533,703 | €283,369 | -€250,334 | -46.9% |
| Other financial income | 752/9 | €181,632 | €109,210 | -€72,422 | -39.9% |
| Financial charges | 65/66B | €325,943 | €293,465 | -€32,478 | -10.0% |
| Recurring financial charges | 65 | €325,943 | €293,465 | -€32,478 | -10.0% |
| Debt charges | 650 | €110,556 | €91,962 | -€18,594 | -16.8% |
| Other financial charges | 652/9 | €215,387 | €201,503 | -€13,884 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,760,840 | -€15,302,004 | -€1.5m | -11.2% |
| Income taxes | 67/77 | -€625,252 | -€181,181 | +€444,071 | +71.0% |
| Taxes | 670/3 | €21,710 | - | -€21,710 | |
| Tax adjustments and reversals of tax provisions | 77 | €646,962 | €181,181 | -€465,781 | -72.0% |
| Profit (loss) for the period | 9904 | -€13,135,588 | -€15,120,823 | -€2.0m | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,135,588 | -€15,120,823 | -€2.0m | -15.1% |
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 25 October 2026 via checked.be.