CellCarta: what changed
Two fiscal 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
CellCarta
NACE 72.109, Other research and development on natural sciences
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.7m
2024 · €8.8m-€1.1m
Equity
€25.9m
2024 · €18.2m+€7.7m
Cash
€7.3m
2024 · €15.2m-€7.9m
Balance sheet total
€60.5m
2024 · €57.9m+€2.6m
Largest movements
Assets
- Cash -€7.9m
down €7.9m (-52.0%), from €15.2m to €7.3m
mainly Trade debts (-€7.2m) and Receivables within one year (-€4.9m)
- Receivables within one year +€4.9m
up €4.9m (+28.8%), from €17.0m to €21.9m
of which Trade receivables: +€5.6m
- Receivables after one year +€3.9m
up €3.9m (+62.6%), from €6.2m to €10.1m
- Tangible fixed assets +€1.1m
up €1.1m (+22.3%), from €5.0m to €6.1m
of which Leasing and similar rights: +€850,414
- Deferred charges and accrued income +€652,320
up €652,320 (+57.1%), from €1.1m to €1.8m
Equity and liabilities
- Reserves +€7.7m
up €7.7m (+45.0%), from €17.1m to €24.8m
of which Distributable reserves: +€7.7m
- Trade debts -€7.2m
down €7.2m (-39.9%), from €18.1m to €10.9m
- Short-term financial debts +€2.0m
new in 2025: €2.0m
- Accrued charges and deferred income -€1.4m
down €1.4m (-9.6%), from €14.5m to €13.1m
- Debts after one year +€867,702
up €867,702 (+387.2%), from €224,068 to €1.1m
Income statement
- Turnover +€5.9m
up €5.9m (+7.9%), from €74.0m to €79.9m
- Services and other goods +€3.3m
up €3.3m (+8.8%), from €37.8m to €41.1m
- Staff costs +€2.8m
up €2.8m (+14.0%), from €20.2m to €23.1m
- Other operating income +€2.1m
up €2.1m (+31.7%), from €6.5m to €8.6m
- Taxes +€1.3m
up €1.3m (+85.3%), from €1.5m to €2.8m
of which Taxes: +€776,721
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
€8.8m
Turnover
+€5.9m
Other operating income
+€2.1m
Goods and materials
+€162,577
Services and other goods
-€3.3m
Staff costs
-€2.8m
Depreciation
-€505,695
Write-downs
+€139,885
Other operating charges
-€3,126
Other operating items
-€441,047
Financial income
+€255,316
Financial charges
-€1.2m
Taxes
-€1.3m
Result 2025
€7.7m
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
-€6.9m
Investment
-€3.8m
Financing
+€2.8m
Cash 2024
€15.2m
From operations (derived)
-€6.9m
Net result for the year
+€7.7m
Depreciation
+€2.6m
Receivables after one year
-€3.9m
Stocks and contracts
+€110,098
Receivables within one year
-€4.9m
Deferred charges and accrued income
-€652,320
Trade debts
-€7.2m
Tax, wage and social debts
+€819,752
Other debts
-€176,575
Accrued charges and deferred income
-€1.4m
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€2.8m
Debts after one year
+€867,702
Current portion of long-term debt
-€21,475
Short-term financial debts
+€2.0m
Cash 2025
€7.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,886,863 | €60,470,703 | +€2.6m | +4.5% |
| Fixed assets | 21/28 | €11,018,985 | €12,201,343 | +€1.2m | +10.7% |
| Intangible fixed assets | 21 | €3,614,869 | €3,397,482 | -€217,387 | -6.0% |
| Tangible fixed assets | 22/27 | €4,993,739 | €6,106,463 | +€1.1m | +22.3% |
| Land and buildings | 22 | €1,114,267 | €1,319,587 | +€205,319 | +18.4% |
| Plant, machinery and equipment | 23 | €2,641,978 | €2,498,747 | -€143,231 | -5.4% |
| Furniture and vehicles | 24 | €640,524 | €840,746 | +€200,222 | +31.3% |
| Leasing and similar rights | 25 | €596,969 | €1,447,383 | +€850,414 | +142.5% |
| Financial fixed assets | 28 | €2,410,377 | €2,697,398 | +€287,021 | +11.9% |
| Affiliated companies | 280/1 | €2,377,317 | €2,664,338 | +€287,021 | +12.1% |
| Participating interests | 280 | €2,377,317 | €2,664,338 | +€287,021 | +12.1% |
| Companies linked by participating interests | 282/3 | €30,000 | €30,000 | = | 0.0% |
| Participating interests | 282 | €30,000 | €30,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,060 | €3,060 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,060 | €3,060 | = | 0.0% |
| Current assets | 29/58 | €46,867,878 | €48,269,361 | +€1.4m | +3.0% |
| Amounts receivable after more than one year | 29 | €6,184,821 | €10,054,168 | +€3.9m | +62.6% |
| Other amounts receivable | 291 | €6,184,821 | €10,054,168 | +€3.9m | +62.6% |
| Stocks and contracts in progress | 3 | €6,080,628 | €5,970,529 | -€110,098 | -1.8% |
| Stocks | 30/36 | €6,080,628 | €5,970,529 | -€110,098 | -1.8% |
| Raw materials and consumables | 30/31 | €2,335,820 | €2,578,208 | +€242,388 | +10.4% |
| Goods purchased for resale | 34 | €3,744,808 | €3,392,321 | -€352,487 | -9.4% |
| Amounts receivable within one year | 40/41 | €16,970,679 | €21,858,850 | +€4.9m | +28.8% |
| Trade receivables | 40 | €15,204,484 | €20,832,380 | +€5.6m | +37.0% |
| Other amounts receivable | 41 | €1,766,195 | €1,026,470 | -€739,725 | -41.9% |
| Current investments | 50/53 | €1,300,000 | €1,300,000 | = | 0.0% |
| Own shares | 50 | €1,300,000 | €1,300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,188,452 | €7,290,194 | -€7.9m | -52.0% |
| Deferred charges and accrued income | 490/1 | €1,143,298 | €1,795,619 | +€652,320 | +57.1% |
| Total equity and liabilities | 10/49 | €57,886,863 | €60,470,703 | +€2.6m | +4.5% |
| Equity | 10/15 | €18,167,006 | €25,865,408 | +€7.7m | +42.4% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €1,062,000 | €1,062,000 | = | 0.0% |
| Issued capital | 100 | €1,062,000 | €1,062,000 | = | 0.0% |
| Reserves | 13 | €17,105,006 | €24,803,408 | +€7.7m | +45.0% |
| Non-distributable reserves | 130/1 | €1,406,200 | €1,406,200 | = | 0.0% |
| Legal reserve | 130 | €106,200 | €106,200 | = | 0.0% |
| Own shares acquired | 1312 | €1,300,000 | €1,300,000 | = | 0.0% |
| Distributable reserves | 133 | €15,698,806 | €23,397,208 | +€7.7m | +49.0% |
| Amounts payable | 17/49 | €39,719,857 | €34,605,296 | -€5.1m | -12.9% |
| Amounts payable after more than one year | 17 | €224,068 | €1,091,770 | +€867,702 | +387.2% |
| Financial debts | 170/4 | €224,068 | €1,091,770 | +€867,702 | +387.2% |
| Leasing and similar obligations | 172 | €224,068 | €1,091,770 | +€867,702 | +387.2% |
| Amounts payable within one year | 42/48 | €24,986,584 | €20,396,849 | -€4.6m | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €367,572 | €346,097 | -€21,475 | -5.8% |
| Financial debts | 43 | - | €2,000,000 | +€2.0m | |
| Other loans | 439 | - | €2,000,000 | +€2.0m | |
| Trade debts | 44 | €18,067,201 | €10,855,763 | -€7.2m | -39.9% |
| Suppliers | 440/4 | €18,067,201 | €10,855,763 | -€7.2m | -39.9% |
| Taxes, remuneration and social security | 45 | €5,629,438 | €6,449,190 | +€819,752 | +14.6% |
| Taxes | 450/3 | €2,504,836 | €2,716,788 | +€211,952 | +8.5% |
| Remuneration and social security | 454/9 | €3,124,602 | €3,732,402 | +€607,800 | +19.5% |
| Other amounts payable | 47/48 | €922,374 | €745,799 | -€176,575 | -19.1% |
| Accrued charges and deferred income | 492/3 | €14,509,205 | €13,116,677 | -€1.4m | -9.6% |
| Operating income | 70/76A | €80,823,720 | €88,445,370 | +€7.6m | +9.4% |
| Turnover | 70 | €74,025,203 | €79,878,333 | +€5.9m | +7.9% |
| Other operating income | 74 | €6,504,205 | €8,567,037 | +€2.1m | +31.7% |
| Non-recurring operating income | 76A | €294,312 | €0 | -€294,312 | -100.0% |
| Operating charges | 60/66A | €70,221,852 | €76,731,244 | +€6.5m | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €9,878,723 | €9,716,146 | -€162,577 | -1.6% |
| Purchases | 600/8 | €10,800,174 | €9,606,048 | -€1.2m | -11.1% |
| Change in stocks: decrease (increase) | 609 | -€921,451 | €110,098 | +€1.0m | |
| Services and other goods | 61 | €37,788,833 | €41,108,535 | +€3.3m | +8.8% |
| Remuneration, social security and pensions | 62 | €20,228,395 | €23,064,991 | +€2.8m | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,128,343 | €2,634,037 | +€505,695 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €149,268 | €9,383 | -€139,885 | -93.7% |
| Other operating charges | 640/8 | €48,291 | €51,417 | +€3,126 | +6.5% |
| Non-recurring operating charges | 66A | - | €146,735 | +€146,735 | |
| Operating profit (loss) | 9901 | €10,601,868 | €11,714,126 | +€1.1m | +10.5% |
| Financial income | 75/76B | €552,930 | €808,246 | +€255,316 | +46.2% |
| Recurring financial income | 75 | €552,930 | €808,246 | +€255,316 | +46.2% |
| Income from financial fixed assets | 750 | - | €4,868 | +€4,868 | |
| Income from current assets | 751 | €157,623 | €155,884 | -€1,739 | -1.1% |
| Other financial income | 752/9 | €395,307 | €647,495 | +€252,188 | +63.8% |
| Financial charges | 65/66B | €875,498 | €2,070,421 | +€1.2m | +136.5% |
| Recurring financial charges | 65 | €875,498 | €2,070,421 | +€1.2m | +136.5% |
| Debt charges | 650 | €342,773 | €212,003 | -€130,770 | -38.2% |
| Other financial charges | 652/9 | €532,726 | €1,858,418 | +€1.3m | +248.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €10,279,300 | €10,451,951 | +€172,651 | +1.7% |
| Income taxes | 67/77 | €1,485,813 | €2,753,550 | +€1.3m | +85.3% |
| Taxes | 670/3 | €1,976,829 | €2,753,550 | +€776,721 | +39.3% |
| Tax adjustments and reversals of tax provisions | 77 | €491,016 | €0 | -€491,016 | -100.0% |
| Profit (loss) for the period | 9904 | €8,793,487 | €7,698,401 | -€1.1m | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,793,487 | €7,698,401 | -€1.1m | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.