BIOVEST: 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.
BIOVEST
Largest movements
- Financial fixed assets +€3.5m
up €3.5m (+25.2%), from €14.0m to €17.6m
- Current investments -€1.7m
down €1.7m (-12.1%), from €13.8m to €12.1m
- Receivables after one year -€1.1m
down €1.1m (-33.7%), from €3.2m to €2.1m
- Cash +€374,228
up €374,228 (+14.2%), from €2.6m to €3.0m
mainly Net result for the year (+€6.9m) and Current investments (+€1.7m)
- Profit (loss) carried forward +€6.5m
up €6.5m (+597.2%), from €1.1m to €7.6m
- Other debts -€5.5m
down €5.5m (-83.9%), from €6.5m to €1.0m
- Financial income +€5.1m
up €5.1m (+228.0%), from €2.3m to €7.4m
of which Financial income: +€4.2m
- Financial charges -€2.0m
down €2.0m (-87.1%), from €2.3m to €295,856
of which Non-recurring financial charges: -€2.0m
- Taxes +€9,759
up €9,759 (+8.0%), from €121,234 to €130,993
- Gross operating margin -€1,624
down €1,624 (-3.7%), from -€43,603 to -€45,227
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 | €34,374,108 | €35,805,620 | +€1.4m | +4.2% |
| Fixed assets | 21/28 | €14,025,283 | €17,560,487 | +€3.5m | +25.2% |
| Financial fixed assets | 28 | €14,025,283 | €17,560,487 | +€3.5m | +25.2% |
| Current assets | 29/58 | €20,348,825 | €18,245,133 | -€2.1m | -10.3% |
| Amounts receivable after more than one year | 29 | €3,225,000 | €2,137,500 | -€1.1m | -33.7% |
| Other amounts receivable | 291 | €3,225,000 | €2,137,500 | -€1.1m | -33.7% |
| Amounts receivable within one year | 40/41 | €477,417 | €803,348 | +€325,931 | +68.3% |
| Other amounts receivable | 41 | €477,417 | €803,348 | +€325,931 | +68.3% |
| Current investments | 50/53 | €13,812,573 | €12,141,046 | -€1.7m | -12.1% |
| Cash at bank and in hand | 54/58 | €2,636,848 | €3,011,075 | +€374,228 | +14.2% |
| Deferred charges and accrued income | 490/1 | €196,988 | €152,164 | -€44,824 | -22.8% |
| Total equity and liabilities | 10/49 | €34,374,108 | €35,805,620 | +€1.4m | +4.2% |
| Equity | 10/15 | €27,869,639 | €34,750,831 | +€6.9m | +24.7% |
| Contributions | 10/11 | €25,050,000 | €25,050,000 | = | 0.0% |
| Capital | 10 | €25,050,000 | €25,050,000 | = | 0.0% |
| Issued capital | 100 | €25,050,000 | €25,050,000 | = | 0.0% |
| Reserves | 13 | €1,725,361 | €2,071,671 | +€346,310 | +20.1% |
| Non-distributable reserves | 130/1 | €1,724,884 | €2,071,193 | +€346,310 | +20.1% |
| Legal reserve | 130 | €1,724,884 | €2,071,193 | +€346,310 | +20.1% |
| Distributable reserves | 133 | €477 | €477 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,094,278 | €7,629,160 | +€6.5m | +597.2% |
| Amounts payable | 17/49 | €6,504,469 | €1,054,789 | -€5.4m | -83.8% |
| Amounts payable within one year | 42/48 | €6,503,479 | €1,053,140 | -€5.5m | -83.8% |
| Trade debts | 44 | €3,479 | €8,140 | +€4,660 | +133.9% |
| Suppliers | 440/4 | €3,479 | €8,140 | +€4,660 | +133.9% |
| Other amounts payable | 47/48 | €6,500,000 | €1,045,000 | -€5.5m | -83.9% |
| Accrued charges and deferred income | 492/3 | €990 | €1,649 | +€659 | +66.6% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€43,603 | -€45,227 | -€1,624 | -3.7% |
| Operating profit (loss) | 9901 | -€44,711 | -€46,370 | -€1,659 | -3.7% |
| Financial income | 75/76B | €2,255,676 | €7,399,411 | +€5.1m | +228.0% |
| Recurring financial income | 75 | €2,255,676 | €6,464,207 | +€4.2m | +186.6% |
| Non-recurring financial income | 76B | €0 | €935,204 | +€935,204 | |
| Financial charges | 65/66B | €2,287,694 | €295,856 | -€2.0m | -87.1% |
| Recurring financial charges | 65 | €10,393 | €9,869 | -€524 | -5.0% |
| Non-recurring financial charges | 66B | €2,277,300 | €285,986 | -€2.0m | -87.4% |
| Profit (loss) for the period before taxes | 9903 | -€76,728 | €7,057,185 | +€7.1m | |
| Income taxes | 67/77 | €121,234 | €130,993 | +€9,759 | +8.0% |
| Profit (loss) for the period | 9904 | -€197,962 | €6,926,192 | +€7.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€197,962 | €6,926,192 | +€7.1m |
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.