Life Sciences Research Partners: 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
Life Sciences Research Partners
NACE 72.109, Other research and development on natural sciences
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€81,431
2024 · €570,371-€651,802
Equity
€11.7m
2024 · €11.8m-€81,431
Cash
€417,180
2024 · €282,554+€134,626
Balance sheet total
€11.8m
2024 · €11.9m-€65,585
Largest movements
Assets
- Cash +€134,626
up €134,626 (+47.6%), from €282,554 to €417,180
mainly Current investments (+€92,966) and Receivables within one year (+€78,158)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€766,278
down €766,278 (-64.1%), from €1.2m to €429,902
- Staff costs +€79,792
up €79,792 (+23.2%), from €343,384 to €423,176
- Other operating charges -€71,979
down €71,979 (-60.6%), from €118,870 to €46,891
- Turnover +€47,191
up €47,191 (+14.9%), from €316,246 to €363,437
- Goods and materials -€42,371
down €42,371 (-41.6%), from €101,734 to €59,363
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
€570,371
Turnover
+€47,191
Other operating income
-€3,815
Goods and materials
+€42,371
Services and other goods
-€9,090
Staff costs
-€79,792
Depreciation
+€10,664
Other operating charges
+€71,979
Other operating items
+€2,518
Financial income
-€766,278
Financial charges
+€32,450
Result 2025
-€81,431
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
+€48,777
Investment
+€85,849
Financing
€0
Cash 2024
€282,554
From operations (derived)
+€48,777
Net result for the year
-€81,431
Depreciation
+€35,293
Receivables within one year
+€78,158
Deferred charges and accrued income
+€911
Trade debts
-€4,115
Tax, wage and social debts
+€7,728
Accrued charges and deferred income
+€12,233
Investment (derived)
+€85,849
Investment in fixed assets (net)
-€7,117
Current investments
+€92,966
Cash 2025
€417,180
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,858,172 | €11,792,587 | -€65,585 | -0.6% |
| Fixed assets | 21/28 | €4,039,714 | €4,011,538 | -€28,176 | -0.7% |
| Tangible fixed assets | 22/27 | €102,538 | €74,362 | -€28,176 | -27.5% |
| Plant, machinery and equipment | 23 | €52,576 | €33,350 | -€19,226 | -36.6% |
| Furniture and vehicles | 24 | €49,962 | €41,012 | -€8,950 | -17.9% |
| Financial fixed assets | 28 | €3,937,176 | €3,937,176 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,937,176 | €3,937,176 | = | 0.0% |
| Participating interests | 282 | €3,937,176 | €3,937,176 | = | 0.0% |
| Current assets | 29/58 | €7,818,458 | €7,781,049 | -€37,409 | -0.5% |
| Amounts receivable within one year | 40/41 | €85,755 | €7,597 | -€78,158 | -91.1% |
| Trade receivables | 40 | €85,690 | €7,532 | -€78,158 | -91.2% |
| Other amounts receivable | 41 | €65 | €65 | = | 0.0% |
| Current investments | 50/53 | €7,449,238 | €7,356,272 | -€92,966 | -1.2% |
| Cash at bank and in hand | 54/58 | €282,554 | €417,180 | +€134,626 | +47.6% |
| Deferred charges and accrued income | 490/1 | €911 | - | -€911 | |
| Total equity and liabilities | 10/49 | €11,858,172 | €11,792,587 | -€65,585 | -0.6% |
| Equity | 10/15 | €11,809,412 | €11,727,981 | -€81,431 | -0.7% |
| Reserves | 13 | €5,726,180 | €5,726,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,083,232 | €6,001,801 | -€81,431 | -1.3% |
| Amounts payable | 17/49 | €48,760 | €64,606 | +€15,846 | +32.5% |
| Amounts payable within one year | 42/48 | €48,760 | €52,373 | +€3,613 | +7.4% |
| Trade debts | 44 | €4,720 | €605 | -€4,115 | -87.2% |
| Suppliers | 440/4 | €4,720 | €605 | -€4,115 | -87.2% |
| Taxes, remuneration and social security | 45 | €44,040 | €51,768 | +€7,728 | +17.5% |
| Remuneration and social security | 454/9 | €44,040 | €51,768 | +€7,728 | +17.5% |
| Accrued charges and deferred income | 492/3 | - | €12,233 | +€12,233 | |
| Operating income | 70/76A | €342,758 | €388,906 | +€46,148 | +13.5% |
| Turnover | 70 | €316,246 | €363,437 | +€47,191 | +14.9% |
| Membership fees, donations, legacies and grants | 73 | - | €800 | +€800 | |
| Other operating income | 74 | €26,511 | €22,696 | -€3,815 | -14.4% |
| Non-recurring operating income | 76A | €1 | €1,973 | +€1,972 | +197,200% |
| Operating charges | 60/66A | €857,585 | €821,707 | -€35,878 | -4.2% |
| Goods for resale, raw materials and consumables | 60 | €101,734 | €59,363 | -€42,371 | -41.6% |
| Purchases | 600/8 | €101,734 | €59,363 | -€42,371 | -41.6% |
| Services and other goods | 61 | €247,450 | €256,540 | +€9,090 | +3.7% |
| Remuneration, social security and pensions | 62 | €343,384 | €423,176 | +€79,792 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,957 | €35,293 | -€10,664 | -23.2% |
| Other operating charges | 640/8 | €118,870 | €46,891 | -€71,979 | -60.6% |
| Non-recurring operating charges | 66A | €190 | €444 | +€254 | +134% |
| Operating profit (loss) | 9901 | -€514,827 | -€432,801 | +€82,026 | +15.9% |
| Financial income | 75/76B | €1,196,180 | €429,902 | -€766,278 | -64.1% |
| Recurring financial income | 75 | €1,196,180 | €429,902 | -€766,278 | -64.1% |
| Income from current assets | 751 | €303,495 | €59,339 | -€244,156 | -80.4% |
| Other financial income | 752/9 | €892,685 | €370,563 | -€522,122 | -58.5% |
| Financial charges | 65/66B | €110,982 | €78,532 | -€32,450 | -29.2% |
| Recurring financial charges | 65 | €110,982 | €78,532 | -€32,450 | -29.2% |
| Other financial charges | 652/9 | €110,982 | €78,532 | -€32,450 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €570,371 | -€81,431 | -€651,802 | |
| Profit (loss) for the period | 9904 | €570,371 | -€81,431 | -€651,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €570,371 | -€81,431 | -€651,802 |
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 29 October 2026 via checked.be.