Fat-Stem Laboratories: 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.
Fat-Stem Laboratories
Largest movements
- Cash -€14,517
down €14,517 (-7.7%), from €188,820 to €174,302
mainly Contributions, distributions and other (-€66,907) and Investment in fixed assets (net) (-€31,820)
- Tangible fixed assets +€10,621
up €10,621 (+5.6%), from €189,344 to €199,966
of which Land and buildings: +€6,055
- Reserves -€45,533
down €45,533 (-34.4%), from €132,415 to €86,882
- Provisions +€35,000
new in 2025: €35,000
- Trade debts +€29,058
up €29,058 (+76.5%), from €38,006 to €67,064
- Debts after one year -€17,346
down €17,346 (-8.4%), from €206,208 to €188,862
- Contributions -€10,550
down €10,550 (-42.6%), from €24,789 to €14,239
- Provisions +€35,000
new in 2025: €35,000
- Gross operating margin -€19,426
down €19,426 (-13.1%), from €148,499 to €129,073
- Taxes -€11,662
down €11,662 (-76.2%), from €15,297 to €3,635
- Staff costs +€7,864
up €7,864 (+17.5%), from €44,958 to €52,822
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 | €420,110 | €418,678 | -€1,432 | -0.3% |
| Fixed assets | 21/28 | €192,388 | €202,966 | +€10,577 | +5.5% |
| Intangible fixed assets | 21 | €44 | €0 | -€44 | -100.0% |
| Tangible fixed assets | 22/27 | €189,344 | €199,966 | +€10,621 | +5.6% |
| Land and buildings | 22 | €189,344 | €195,400 | +€6,055 | +3.2% |
| Furniture and vehicles | 24 | - | €4,566 | +€4,566 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €227,722 | €215,713 | -€12,010 | -5.3% |
| Amounts receivable within one year | 40/41 | €38,903 | €41,410 | +€2,508 | +6.4% |
| Trade receivables | 40 | €36,478 | €27,385 | -€9,093 | -24.9% |
| Other amounts receivable | 41 | €2,424 | €14,026 | +€11,601 | +478.5% |
| Cash at bank and in hand | 54/58 | €188,820 | €174,302 | -€14,517 | -7.7% |
| Total equity and liabilities | 10/49 | €420,110 | €418,678 | -€1,432 | -0.3% |
| Equity | 10/15 | €157,204 | €101,121 | -€56,083 | -35.7% |
| Contributions | 10/11 | €24,789 | €14,239 | -€10,550 | -42.6% |
| Reserves | 13 | €132,415 | €86,882 | -€45,533 | -34.4% |
| Distributable reserves | 133 | €132,415 | €86,882 | -€45,533 | -34.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €35,000 | +€35,000 | |
| Provisions for liabilities and charges | 160/5 | - | €35,000 | +€35,000 | |
| Other liabilities and charges | 164/5 | - | €35,000 | +€35,000 | |
| Amounts payable | 17/49 | €262,906 | €282,557 | +€19,651 | +7.5% |
| Amounts payable after more than one year | 17 | €206,208 | €188,862 | -€17,346 | -8.4% |
| Financial debts | 170/4 | €206,208 | €188,862 | -€17,346 | -8.4% |
| Amounts payable within one year | 42/48 | €56,698 | €90,025 | +€33,327 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €17,083 | €17,346 | +€263 | +1.5% |
| Trade debts | 44 | €38,006 | €67,064 | +€29,058 | +76.5% |
| Suppliers | 440/4 | €38,006 | €67,064 | +€29,058 | +76.5% |
| Advances received on contracts in progress | 46 | €102 | €1,352 | +€1,250 | +1229.8% |
| Taxes, remuneration and social security | 45 | €0 | €4,263 | +€4,263 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €4,263 | +€4,263 | |
| Other amounts payable | 47/48 | €1,507 | €0 | -€1,507 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €3,670 | +€3,670 | |
| Remuneration, social security and pensions | 62 | €44,958 | €52,822 | +€7,864 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,890 | €21,243 | +€1,353 | +6.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,000 | +€35,000 | |
| Other operating charges | 640/8 | €1,159 | €2,070 | +€911 | +78.6% |
| Gross operating margin | 9900 | €148,499 | €129,073 | -€19,426 | -13.1% |
| Operating profit (loss) | 9901 | €82,492 | €17,938 | -€64,554 | -78.3% |
| Financial income | 75/76B | €219 | €956 | +€737 | +337.1% |
| Recurring financial income | 75 | €219 | €956 | +€737 | +337.1% |
| Financial charges | 65/66B | €3,693 | €4,435 | +€742 | +20.1% |
| Recurring financial charges | 65 | €3,693 | €4,435 | +€742 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €79,018 | €14,459 | -€64,559 | -81.7% |
| Income taxes | 67/77 | €15,297 | €3,635 | -€11,662 | -76.2% |
| Profit (loss) for the period | 9904 | €63,721 | €10,824 | -€52,897 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,721 | €10,824 | -€52,897 | -83.0% |
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 9 October 2026 via checked.be.