BIOTECH ADVANTAGE: 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.
BIOTECH ADVANTAGE
Largest movements
- Cash +€203,075
up €203,075 (+227.0%), from €89,465 to €292,540
mainly Net result for the year (+€232,677) and Receivables after one year (+€26,558)
- Receivables within one year +€57,616
up €57,616 (+83.2%), from €69,246 to €126,863
of which Other amounts receivable: +€90,674
- Receivables after one year -€26,558
down €26,558 (-54.1%), from €49,122 to €22,563
- Profit (loss) carried forward +€232,677
up €232,677 (+156.9%), from €148,298 to €380,975
- Gross operating margin +€176,172
up €176,172 (+136.7%), from €128,830 to €305,002
- Taxes +€44,366
up €44,366 (+158.2%), from €28,044 to €72,410
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 | €212,473 | €447,649 | +€235,176 | +110.7% |
| Fixed assets | 21/28 | €3,161 | €3,341 | +€180 | +5.7% |
| Tangible fixed assets | 22/27 | €3,161 | €3,341 | +€180 | +5.7% |
| Plant, machinery and equipment | 23 | - | €1,512 | +€1,512 | |
| Furniture and vehicles | 24 | €3,161 | €1,829 | -€1,333 | -42.2% |
| Current assets | 29/58 | €209,312 | €444,308 | +€234,997 | +112.3% |
| Amounts receivable after more than one year | 29 | €49,122 | €22,563 | -€26,558 | -54.1% |
| Other amounts receivable | 291 | €49,122 | €22,563 | -€26,558 | -54.1% |
| Amounts receivable within one year | 40/41 | €69,246 | €126,863 | +€57,616 | +83.2% |
| Trade receivables | 40 | €69,246 | €36,189 | -€33,058 | -47.7% |
| Other amounts receivable | 41 | - | €90,674 | +€90,674 | |
| Cash at bank and in hand | 54/58 | €89,465 | €292,540 | +€203,075 | +227.0% |
| Deferred charges and accrued income | 490/1 | €1,478 | €2,342 | +€864 | +58.4% |
| Total equity and liabilities | 10/49 | €212,473 | €447,649 | +€235,176 | +110.7% |
| Equity | 10/15 | €153,298 | €385,975 | +€232,677 | +151.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,298 | €380,975 | +€232,677 | +156.9% |
| Amounts payable | 17/49 | €59,175 | €61,674 | +€2,499 | +4.2% |
| Amounts payable within one year | 42/48 | €59,175 | €60,451 | +€1,276 | +2.2% |
| Trade debts | 44 | €5,938 | €6,630 | +€693 | +11.7% |
| Suppliers | 440/4 | €5,938 | €6,630 | +€693 | +11.7% |
| Taxes, remuneration and social security | 45 | €52,773 | €53,820 | +€1,047 | +2.0% |
| Taxes | 450/3 | €52,773 | €53,820 | +€1,047 | +2.0% |
| Other amounts payable | 47/48 | €464 | - | -€464 | |
| Accrued charges and deferred income | 492/3 | - | €1,224 | +€1,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €1,476 | +€408 | +38.2% |
| Other operating charges | 640/8 | €148 | €141 | -€7 | -5.0% |
| Gross operating margin | 9900 | €128,830 | €305,002 | +€176,172 | +136.7% |
| Operating profit (loss) | 9901 | €127,614 | €303,386 | +€175,772 | +137.7% |
| Financial income | 75/76B | €1,407 | €2,140 | +€733 | +52.1% |
| Recurring financial income | 75 | €1,407 | €2,140 | +€733 | +52.1% |
| Financial charges | 65/66B | €504 | €439 | -€65 | -12.9% |
| Recurring financial charges | 65 | €504 | €439 | -€65 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €128,517 | €305,087 | +€176,570 | +137.4% |
| Income taxes | 67/77 | €28,044 | €72,410 | +€44,366 | +158.2% |
| Profit (loss) for the period | 9904 | €100,473 | €232,677 | +€132,204 | +131.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,473 | €232,677 | +€132,204 | +131.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.