Celyad Oncology: what changed
What changed
Celyad Oncology
NACE 72.101, Research and development on biotechnology
filed annual accounts (NBB)
Net result for the year
-€564,911
2024 · -€6.4m+€5.8m
Equity
€2.2m
2024 · €1.8m+€435,089
Cash
€1.6m
2024 · €2.2m-€540,108
Balance sheet total
€4.0m
2024 · €8.9m-€4.9m
Largest movements
Assets
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Tangible fixed assets -€726,818
no longer reported in 2025 (was €726,818)
of which Other tangible fixed assets: -€546,555
- Deferred charges and accrued income -€685,118
down €685,118 (-72.4%), from €946,103 to €260,984
- Receivables after one year -€675,311
down €675,311 (-46.3%), from €1.5m to €783,331
- Cash -€540,108
down €540,108 (-24.8%), from €2.2m to €1.6m
mainly Debts after one year (-€4.3m) and Net result for the year (-€564,911)
Equity and liabilities
- Debts after one year -€4.3m
down €4.3m (-99.0%), from €4.4m to €42,595
of which Financial debts: -€4.3m
- Contributions +€1,000,000
up €1,000,000 (+12.2%), from €8.2m to €9.2m
- Profit (loss) carried forward -€564,911
down €564,911 (-8.8%), from -€6.4m to -€7.0m
- Trade debts -€552,765
down €552,765 (-41.8%), from €1.3m to €769,967
- Tax, wage and social debts -€266,606
down €266,606 (-65.5%), from €407,324 to €140,718
of which Remuneration and social security: -€259,788
Income statement
- Depreciation -€2.3m
down €2.3m (-97.9%), from €2.4m to €48,447
- Staff costs +€576,337
up €576,337 (+26.4%), from €2.2m to €2.8m
- Services and other goods +€539,469
up €539,469 (+12.9%), from €4.2m to €4.7m
- Goods and materials -€338,631
down €338,631 (-70.4%), from €480,731 to €142,100
- Other operating charges -€319,621
down €319,621 (-45.7%), from €699,526 to €379,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6.4m
Turnover
-€164,510
Other operating income
+€53,627
Goods and materials
+€338,631
Services and other goods
-€539,469
Staff costs
-€576,337
Depreciation
+€2.3m
Write-downs
+€249,798
Provisions
-€77,433
Other operating charges
+€319,621
Other operating items
+€4.1m
Financial income
-€100,884
Financial charges
+€101,142
Taxes
-€201,285
Result 2025
-€564,911
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,937
Investment
+€2.8m
Financing
-€3.5m
Cash 2024
€2.2m
From operations (derived)
+€155,937
Net result for the year
-€564,911
Depreciation
+€48,447
Receivables after one year
+€675,311
Stocks and contracts
+€65,128
Receivables within one year
+€97,588
Deferred charges and accrued income
+€685,118
Provisions
+€77,433
Trade debts
-€552,765
Tax, wage and social debts
-€266,606
Advances received
-€21,000
Other debts
-€87,806
Investment (derived)
+€2.8m
Investment in fixed assets (net)
+€760,958
Current investments
+€2.0m
Financing
-€3.5m
Debts after one year
-€4.3m
Current portion of long-term debt
-€117,585
Contributions, distributions and other
+€1,000,000
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,906,337 | €4,033,678 | -€4.9m | -54.7% |
| Fixed assets | 21/28 | €959,068 | €149,663 | -€809,405 | -84.4% |
| Intangible fixed assets | 21 | €129,287 | €108,688 | -€20,598 | -15.9% |
| Tangible fixed assets | 22/27 | €726,818 | - | -€726,818 | |
| Plant, machinery and equipment | 23 | €115,354 | - | -€115,354 | |
| Furniture and vehicles | 24 | €42,329 | - | -€42,329 | |
| Leasing and similar rights | 25 | €22,580 | - | -€22,580 | |
| Other tangible fixed assets | 26 | €546,555 | - | -€546,555 | |
| Financial fixed assets | 28 | €102,963 | €40,975 | -€61,988 | -60.2% |
| Affiliated companies | 280/1 | €7,484 | €7,484 | = | 0.0% |
| Participating interests | 280 | €7,484 | €7,484 | = | 0.0% |
| Other financial fixed assets | 284/8 | €95,480 | €33,491 | -€61,988 | -64.9% |
| Amounts receivable and cash guarantees | 285/8 | €95,480 | €33,491 | -€61,988 | -64.9% |
| Current assets | 29/58 | €7,947,269 | €3,884,015 | -€4.1m | -51.1% |
| Amounts receivable after more than one year | 29 | €1,458,642 | €783,331 | -€675,311 | -46.3% |
| Other amounts receivable | 291 | €1,458,642 | €783,331 | -€675,311 | -46.3% |
| Stocks and contracts in progress | 3 | €417,216 | €352,088 | -€65,128 | -15.6% |
| Stocks | 30/36 | €417,216 | €352,088 | -€65,128 | -15.6% |
| Finished goods | 33 | €151,396 | €55,467 | -€95,930 | -63.4% |
| Advance payments | 36 | €265,820 | €296,622 | +€30,802 | +11.6% |
| Amounts receivable within one year | 40/41 | €950,126 | €852,538 | -€97,588 | -10.3% |
| Trade receivables | 40 | €170,372 | €71,508 | -€98,864 | -58.0% |
| Other amounts receivable | 41 | €779,753 | €781,030 | +€1,276 | +0.2% |
| Current investments | 50/53 | €2,000,000 | - | -€2.0m | |
| Other investments | 51/53 | €2,000,000 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €2,175,182 | €1,635,074 | -€540,108 | -24.8% |
| Deferred charges and accrued income | 490/1 | €946,103 | €260,984 | -€685,118 | -72.4% |
| Total equity and liabilities | 10/49 | €8,906,337 | €4,033,678 | -€4.9m | -54.7% |
| Equity | 10/15 | €1,804,342 | €2,239,431 | +€435,089 | +24.1% |
| Contributions | 10/11 | €8,216,155 | €9,216,155 | +€1,000,000 | +12.2% |
| Capital | 10 | €8,216,155 | €9,216,155 | +€1,000,000 | +12.2% |
| Issued capital | 100 | €8,216,155 | €9,216,155 | +€1,000,000 | +12.2% |
| Profit (loss) carried forward | 14 | -€6,411,813 | -€6,976,724 | -€564,911 | -8.8% |
| Provisions and deferred taxes | 16 | - | €77,433 | +€77,433 | |
| Provisions for liabilities and charges | 160/5 | - | €77,433 | +€77,433 | |
| Other liabilities and charges | 164/5 | - | €77,433 | +€77,433 | |
| Amounts payable | 17/49 | €7,101,995 | €1,716,815 | -€5.4m | -75.8% |
| Amounts payable after more than one year | 17 | €4,382,013 | €42,595 | -€4.3m | -99.0% |
| Financial debts | 170/4 | €4,324,347 | - | -€4.3m | |
| Leasing and similar obligations | 172 | €8,567 | - | -€8,567 | |
| Other loans | 174 | €4,315,780 | - | -€4.3m | |
| Other amounts payable | 178/9 | €57,665 | €42,595 | -€15,070 | -26.1% |
| Amounts payable within one year | 42/48 | €2,719,982 | €1,674,219 | -€1.0m | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €738,810 | €621,225 | -€117,585 | -15.9% |
| Trade debts | 44 | €1,322,732 | €769,967 | -€552,765 | -41.8% |
| Suppliers | 440/4 | €1,322,732 | €769,967 | -€552,765 | -41.8% |
| Advances received on contracts in progress | 46 | €45,500 | €24,500 | -€21,000 | -46.2% |
| Taxes, remuneration and social security | 45 | €407,324 | €140,718 | -€266,606 | -65.5% |
| Taxes | 450/3 | €31,194 | €24,375 | -€6,818 | -21.9% |
| Remuneration and social security | 454/9 | €376,131 | €116,343 | -€259,788 | -69.1% |
| Other amounts payable | 47/48 | €205,616 | €117,810 | -€87,806 | -42.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €3,242,784 | €7,274,138 | +€4.0m | +124% |
| Turnover | 70 | €185,510 | €21,000 | -€164,510 | -88.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €151,396 | -€95,930 | -€247,326 | |
| Own construction capitalised | 72 | €2,257,452 | - | -€2.3m | |
| Other operating income | 74 | €647,856 | €701,483 | +€53,627 | +8.3% |
| Non-recurring operating income | 76A | €569 | €6,647,585 | +€6.6m | +1,168,008% |
| Operating charges | 60/66A | €9,890,980 | €7,874,405 | -€2.0m | -20.4% |
| Goods for resale, raw materials and consumables | 60 | €480,731 | €142,100 | -€338,631 | -70.4% |
| Purchases | 600/8 | €480,731 | €142,100 | -€338,631 | -70.4% |
| Services and other goods | 61 | €4,167,935 | €4,707,404 | +€539,469 | +12.9% |
| Remuneration, social security and pensions | 62 | €2,180,898 | €2,757,235 | +€576,337 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361,790 | €48,447 | -€2.3m | -97.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€249,798 | -€249,798 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €77,433 | +€77,433 | |
| Other operating charges | 640/8 | €699,526 | €379,905 | -€319,621 | -45.7% |
| Non-recurring operating charges | 66A | €100 | €11,679 | +€11,579 | +11,523% |
| Operating profit (loss) | 9901 | -€6,648,196 | -€600,266 | +€6.0m | +91.0% |
| Financial income | 75/76B | €162,953 | €62,069 | -€100,884 | -61.9% |
| Recurring financial income | 75 | €162,953 | €62,069 | -€100,884 | -61.9% |
| Income from current assets | 751 | €153,113 | €11,703 | -€141,410 | -92.4% |
| Other financial income | 752/9 | €9,840 | €50,366 | +€40,526 | +412% |
| Financial charges | 65/66B | €127,021 | €25,878 | -€101,142 | -79.6% |
| Recurring financial charges | 65 | €52,386 | €25,878 | -€26,508 | -50.6% |
| Debt charges | 650 | €948 | €459 | -€488 | -51.5% |
| Other financial charges | 652/9 | €51,439 | €25,419 | -€26,020 | -50.6% |
| Non-recurring financial charges | 66B | €74,635 | - | -€74,635 | |
| Profit (loss) for the period before taxes | 9903 | -€6,612,263 | -€564,076 | +€6.0m | +91.5% |
| Income taxes | 67/77 | -€200,451 | €835 | +€201,285 | |
| Taxes | 670/3 | €4,155 | €12,122 | +€7,967 | +192% |
| Tax adjustments and reversals of tax provisions | 77 | €204,606 | €11,287 | -€193,318 | -94.5% |
| Profit (loss) for the period | 9904 | -€6,411,813 | -€564,911 | +€5.8m | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,411,813 | -€564,911 | +€5.8m | +91.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.