LIFE SCIENCES DEVELOPMENT CAMPUS: 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
LIFE SCIENCES DEVELOPMENT CAMPUS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€317,090
2024 · €117,684+€199,406
Equity
€9.2m
2024 · €9.0m+€128,471
Cash
€401,622
2024 · €242,752+€158,871
Balance sheet total
€12.1m
2024 · €12.5m-€396,929
Largest movements
Assets
- Tangible fixed assets -€608,439
down €608,439 (-5.1%), from €12.0m to €11.4m
of which Land and buildings: -€550,026
- Cash +€158,871
up €158,871 (+65.4%), from €242,752 to €401,622
mainly Depreciation (+€630,872) and Net result for the year (+€317,090)
Equity and liabilities
- Debts after one year -€341,278
down €341,278 (-13.6%), from €2.5m to €2.2m
- Profit (loss) carried forward +€317,090
up €317,090 (+8.0%), from -€4.0m to -€3.7m
- Investment grants -€188,619
down €188,619 (-5.0%), from €3.8m to €3.6m
- Current portion of long-term debt -€144,726
down €144,726 (-29.8%), from €486,004 to €341,278
Income statement
- Turnover +€206,043
up €206,043 (+13.1%), from €1.6m to €1.8m
- Financial charges -€55,633
down €55,633 (-35.0%), from €158,955 to €103,323
- Services and other goods +€47,614
up €47,614 (+8.4%), from €567,443 to €615,057
- Other operating charges +€23,502
up €23,502 (+34.4%), from €68,303 to €91,805
- Write-downs -€18,561
no longer reported in 2025 (was €18,561)
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
€117,684
Turnover
+€206,043
Other operating income
+€3,136
Services and other goods
-€47,614
Staff costs
-€15,651
Depreciation
+€5,784
Write-downs
+€18,561
Other operating charges
-€23,502
Financial income
-€2,965
Financial charges
+€55,633
Taxes
-€20
Result 2025
€317,090
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
+€855,754
Investment
-€22,260
Financing
-€674,623
Cash 2024
€242,752
From operations (derived)
+€855,754
Net result for the year
+€317,090
Depreciation
+€630,872
Receivables within one year
-€58,117
Deferred charges and accrued income
+€5,304
Trade debts
-€51,782
Tax, wage and social debts
+€14,544
Other debts
+€9,624
Accrued charges and deferred income
-€11,782
Investment (derived)
-€22,260
Investment in fixed assets (net)
-€22,260
Financing
-€674,623
Debts after one year
-€341,278
Current portion of long-term debt
-€144,726
Contributions, distributions and other
-€188,619
Cash 2025
€401,622
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,540,017 | €12,143,089 | -€396,929 | -3.2% |
| Fixed assets | 21/28 | €12,044,161 | €11,435,549 | -€608,612 | -5.1% |
| Intangible fixed assets | 21 | €173 | €0 | -€173 | -100.0% |
| Tangible fixed assets | 22/27 | €12,043,866 | €11,435,427 | -€608,439 | -5.1% |
| Land and buildings | 22 | €11,638,444 | €11,088,418 | -€550,026 | -4.7% |
| Plant, machinery and equipment | 23 | €201,264 | €180,406 | -€20,858 | -10.4% |
| Furniture and vehicles | 24 | €68,917 | €35,402 | -€33,515 | -48.6% |
| Leasing and similar rights | 25 | €135,240 | €131,200 | -€4,040 | -3.0% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Other financial fixed assets | 284/8 | €122 | €122 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €495,856 | €707,540 | +€211,684 | +42.7% |
| Amounts receivable within one year | 40/41 | €223,923 | €282,040 | +€58,117 | +26.0% |
| Trade receivables | 40 | €217,696 | €280,045 | +€62,349 | +28.6% |
| Other amounts receivable | 41 | €6,227 | €1,995 | -€4,232 | -68.0% |
| Cash at bank and in hand | 54/58 | €242,752 | €401,622 | +€158,871 | +65.4% |
| Deferred charges and accrued income | 490/1 | €29,181 | €23,877 | -€5,304 | -18.2% |
| Total equity and liabilities | 10/49 | €12,540,017 | €12,143,089 | -€396,929 | -3.2% |
| Equity | 10/15 | €9,046,560 | €9,175,031 | +€128,471 | +1.4% |
| Contributions | 10/11 | €9,223,667 | €9,223,667 | = | 0.0% |
| Capital | 10 | €9,223,667 | €9,223,667 | = | 0.0% |
| Issued capital | 100 | €9,223,667 | €9,223,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,985,112 | -€3,668,022 | +€317,090 | +8.0% |
| Investment grants | 15 | €3,808,005 | €3,619,386 | -€188,619 | -5.0% |
| Amounts payable | 17/49 | €3,493,458 | €2,968,058 | -€525,400 | -15.0% |
| Amounts payable after more than one year | 17 | €2,514,252 | €2,172,974 | -€341,278 | -13.6% |
| Financial debts | 170/4 | €2,514,252 | €2,172,974 | -€341,278 | -13.6% |
| Credit institutions | 173 | €2,014,252 | €1,768,212 | -€246,040 | -12.2% |
| Other loans | 174 | €500,000 | €404,762 | -€95,238 | -19.0% |
| Amounts payable within one year | 42/48 | €962,809 | €790,469 | -€172,339 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €486,004 | €341,278 | -€144,726 | -29.8% |
| Trade debts | 44 | €170,942 | €119,161 | -€51,782 | -30.3% |
| Suppliers | 440/4 | €170,942 | €119,161 | -€51,782 | -30.3% |
| Taxes, remuneration and social security | 45 | €84,819 | €99,363 | +€14,544 | +17.1% |
| Taxes | 450/3 | €61,290 | €74,283 | +€12,993 | +21.2% |
| Remuneration and social security | 454/9 | €23,529 | €25,080 | +€1,551 | +6.6% |
| Other amounts payable | 47/48 | €221,043 | €230,667 | +€9,624 | +4.4% |
| Accrued charges and deferred income | 492/3 | €16,397 | €4,615 | -€11,782 | -71.9% |
| Operating income | 70/76A | €1,594,206 | €1,803,385 | +€209,179 | +13.1% |
| Turnover | 70 | €1,572,694 | €1,778,737 | +€206,043 | +13.1% |
| Other operating income | 74 | €21,512 | €24,648 | +€3,136 | +14.6% |
| Operating charges | 60/66A | €1,511,205 | €1,573,626 | +€62,421 | +4.1% |
| Services and other goods | 61 | €567,443 | €615,057 | +€47,614 | +8.4% |
| Remuneration, social security and pensions | 62 | €220,242 | €235,893 | +€15,651 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €636,656 | €630,872 | -€5,784 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,561 | - | -€18,561 | |
| Other operating charges | 640/8 | €68,303 | €91,805 | +€23,502 | +34.4% |
| Operating profit (loss) | 9901 | €83,001 | €229,759 | +€146,758 | +176.8% |
| Financial income | 75/76B | €193,999 | €191,034 | -€2,965 | -1.5% |
| Recurring financial income | 75 | €193,999 | €191,034 | -€2,965 | -1.5% |
| Income from current assets | 751 | €2,301 | €2,305 | +€4 | +0.2% |
| Other financial income | 752/9 | €191,698 | €188,729 | -€2,968 | -1.5% |
| Financial charges | 65/66B | €158,955 | €103,323 | -€55,633 | -35.0% |
| Recurring financial charges | 65 | €158,955 | €103,323 | -€55,633 | -35.0% |
| Debt charges | 650 | €155,524 | €102,880 | -€52,643 | -33.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€9,711 | - | +€9,711 | |
| Other financial charges | 652/9 | €13,142 | €442 | -€12,700 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €118,044 | €317,471 | +€199,426 | +168.9% |
| Income taxes | 67/77 | €360 | €380 | +€20 | +5.6% |
| Taxes | 670/3 | €362 | €380 | +€19 | +5.2% |
| Tax adjustments and reversals of tax provisions | 77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €117,684 | €317,090 | +€199,406 | +169.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,684 | €317,090 | +€199,406 | +169.4% |
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 28 September 2026 via checked.be.