DR. JORIS CALLENS: 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
DR. JORIS CALLENS
NACE 72.101, Research and development on biotechnology
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€146,397
2024 · €149,740-€3,343
Equity
€484,960
2024 · €471,404+€13,556
Cash
€166,758
2024 · €125,201+€41,557
Balance sheet total
€564,985
2024 · €559,545+€5,440
Largest movements
Assets
- Receivables after one year -€126,000
down €126,000 (-100%), from €126,000 to €0
- Receivables within one year +€91,110
up €91,110 (+31.9%), from €285,306 to €376,417
of which Other amounts receivable: +€89,588
- Cash +€41,557
up €41,557 (+33.2%), from €125,201 to €166,758
mainly Net result for the year (+€146,397) and Receivables after one year (+€126,000)
Equity and liabilities
- Reserves +€13,556
up €13,556 (+3.0%), from €452,804 to €466,360
- Debts after one year -€12,384
down €12,384 (-43.2%), from €28,661 to €16,278
Income statement
- Gross operating margin -€33,105
down €33,105 (-12.5%), from €265,336 to €232,231
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
€149,740
Gross operating margin
-€33,105
Depreciation
-€178
Other operating charges
+€2,466
Other operating items
+€29,888
Financial income
+€189
Financial charges
-€232
Taxes
-€2,370
Result 2025
€146,397
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
+€188,847
Investment
-€2,605
Financing
-€144,685
Cash 2024
€125,201
From operations (derived)
+€188,847
Net result for the year
+€146,397
Depreciation
+€2,629
Receivables after one year
+€126,000
Receivables within one year
-€91,110
Deferred charges and accrued income
+€1,203
Trade debts
+€2,624
Tax, wage and social debts
+€1,103
Investment (derived)
-€2,605
Investment in fixed assets (net)
-€2,605
Financing
-€144,685
Debts after one year
-€12,384
Current portion of long-term debt
+€541
Contributions, distributions and other
-€132,842
Cash 2025
€166,758
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,545 | €564,985 | +€5,440 | +1.0% |
| Fixed assets | 21/28 | €10,930 | €10,906 | -€24 | -0.2% |
| Tangible fixed assets | 22/27 | €10,930 | €10,906 | -€24 | -0.2% |
| Plant, machinery and equipment | 23 | €300 | €51 | -€250 | -83.1% |
| Furniture and vehicles | 24 | €345 | €33 | -€312 | -90.5% |
| Other tangible fixed assets | 26 | €10,285 | €10,823 | +€538 | +5.2% |
| Current assets | 29/58 | €548,614 | €554,079 | +€5,464 | +1.0% |
| Amounts receivable after more than one year | 29 | €126,000 | €0 | -€126,000 | -100% |
| Other amounts receivable | 291 | €126,000 | €0 | -€126,000 | -100% |
| Amounts receivable within one year | 40/41 | €285,306 | €376,417 | +€91,110 | +31.9% |
| Trade receivables | 40 | €81,902 | €83,425 | +€1,523 | +1.9% |
| Other amounts receivable | 41 | €203,404 | €292,992 | +€89,588 | +44.0% |
| Cash at bank and in hand | 54/58 | €125,201 | €166,758 | +€41,557 | +33.2% |
| Deferred charges and accrued income | 490/1 | €12,107 | €10,904 | -€1,203 | -9.9% |
| Total equity and liabilities | 10/49 | €559,545 | €564,985 | +€5,440 | +1.0% |
| Equity | 10/15 | €471,404 | €484,960 | +€13,556 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €452,804 | €466,360 | +€13,556 | +3.0% |
| Distributable reserves | 133 | €452,804 | €466,360 | +€13,556 | +3.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €88,140 | €80,025 | -€8,115 | -9.2% |
| Amounts payable after more than one year | 17 | €28,661 | €16,278 | -€12,384 | -43.2% |
| Financial debts | 170/4 | €28,661 | €16,278 | -€12,384 | -43.2% |
| Amounts payable within one year | 42/48 | €59,479 | €63,748 | +€4,268 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,843 | €12,384 | +€541 | +4.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,612 | €18,236 | +€2,624 | +16.8% |
| Suppliers | 440/4 | €15,612 | €18,236 | +€2,624 | +16.8% |
| Taxes, remuneration and social security | 45 | €32,024 | €33,127 | +€1,103 | +3.4% |
| Taxes | 450/3 | €32,024 | €33,127 | +€1,103 | +3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €2,629 | +€178 | +7.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,981 | €1,515 | -€2,466 | -62.0% |
| Non-recurring operating charges | 66A | €29,888 | €0 | -€29,888 | -100% |
| Gross operating margin | 9900 | €265,336 | €232,231 | -€33,105 | -12.5% |
| Operating profit (loss) | 9901 | €229,016 | €228,087 | -€929 | -0.4% |
| Financial income | 75/76B | - | €189 | +€189 | |
| Recurring financial income | 75 | - | €189 | +€189 | |
| Financial charges | 65/66B | €9,356 | €9,588 | +€232 | +2.5% |
| Recurring financial charges | 65 | €9,356 | €9,588 | +€232 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €219,661 | €218,688 | -€973 | -0.4% |
| Income taxes | 67/77 | €69,920 | €72,290 | +€2,370 | +3.4% |
| Profit (loss) for the period | 9904 | €149,740 | €146,397 | -€3,343 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,740 | €146,397 | -€3,343 | -2.2% |
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.