MarchéBio.Tenbosch: 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.
MarchéBio.Tenbosch
Largest movements
- Receivables within one year -€128,352
down €128,352 (-75.5%), from €170,108 to €41,756
of which Trade receivables: -€101,087
- Tangible fixed assets -€86,794
down €86,794 (-30.7%), from €282,475 to €195,681
of which Other tangible fixed assets: -€77,590
- Cash -€16,125
down €16,125 (-28.0%), from €57,682 to €41,557
mainly Other debts (-€117,992) and Debts after one year (-€85,795)
- Stocks and contracts -€13,093
down €13,093 (-21.0%), from €62,431 to €49,338
- Other debts -€117,992
down €117,992 (-85.8%), from €137,451 to €19,460
- Debts after one year -€85,795
down €85,795 (-45.6%), from €187,947 to €102,152
- Profit (loss) carried forward -€61,840
down €61,840 (-15.9%), from -€387,966 to -€449,806
- Advances received +€21,419
up €21,419 (+342%), from €6,271 to €27,690
- Trade debts +€11,589
up €11,589 (+5.6%), from €205,947 to €217,536
- Depreciation -€17,983
down €17,983 (-20.9%), from €85,887 to €67,904
- Other operating charges +€13,591
up €13,591 (+131%), from €10,355 to €23,946
- Gross operating margin +€5,113
up €5,113 (+1.7%), from €293,832 to €298,945
- Financial charges -€3,637
down €3,637 (-19.1%), from €19,040 to €15,403
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,100 | €330,897 | -€245,203 | -42.6% |
| Fixed assets | 21/28 | €283,697 | €196,386 | -€87,311 | -30.8% |
| Intangible fixed assets | 21 | €644 | €128 | -€517 | -80.2% |
| Tangible fixed assets | 22/27 | €282,475 | €195,681 | -€86,794 | -30.7% |
| Plant, machinery and equipment | 23 | €11,337 | €808 | -€10,530 | -92.9% |
| Furniture and vehicles | 24 | €25 | - | -€25 | |
| Other tangible fixed assets | 26 | €271,113 | €193,523 | -€77,590 | -28.6% |
| Assets under construction and advance payments | 27 | - | €1,351 | +€1,351 | |
| Financial fixed assets | 28 | €577 | €577 | = | 0.0% |
| Current assets | 29/58 | €292,403 | €134,511 | -€157,892 | -54.0% |
| Stocks and contracts in progress | 3 | €62,431 | €49,338 | -€13,093 | -21.0% |
| Stocks | 30/36 | €62,431 | €49,338 | -€13,093 | -21.0% |
| Amounts receivable within one year | 40/41 | €170,108 | €41,756 | -€128,352 | -75.5% |
| Trade receivables | 40 | €137,518 | €36,431 | -€101,087 | -73.5% |
| Other amounts receivable | 41 | €32,590 | €5,325 | -€27,265 | -83.7% |
| Cash at bank and in hand | 54/58 | €57,682 | €41,557 | -€16,125 | -28.0% |
| Deferred charges and accrued income | 490/1 | €2,182 | €1,859 | -€323 | -14.8% |
| Total equity and liabilities | 10/49 | €576,100 | €330,897 | -€245,203 | -42.6% |
| Equity | 10/15 | -€95,554 | -€168,364 | -€72,811 | -76.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,966 | -€449,806 | -€61,840 | -15.9% |
| Investment grants | 15 | €42,412 | €31,442 | -€10,971 | -25.9% |
| Amounts payable | 17/49 | €671,654 | €499,261 | -€172,393 | -25.7% |
| Amounts payable after more than one year | 17 | €187,947 | €102,152 | -€85,795 | -45.6% |
| Financial debts | 170/4 | €187,947 | €102,152 | -€85,795 | -45.6% |
| Amounts payable within one year | 42/48 | €483,707 | €397,109 | -€86,598 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €91,595 | €92,872 | +€1,277 | +1.4% |
| Trade debts | 44 | €205,947 | €217,536 | +€11,589 | +5.6% |
| Suppliers | 440/4 | €205,947 | €217,536 | +€11,589 | +5.6% |
| Advances received on contracts in progress | 46 | €6,271 | €27,690 | +€21,419 | +342% |
| Taxes, remuneration and social security | 45 | €42,442 | €39,551 | -€2,891 | -6.8% |
| Taxes | 450/3 | €525 | €3,837 | +€3,312 | +631% |
| Remuneration and social security | 454/9 | €41,917 | €35,714 | -€6,203 | -14.8% |
| Other amounts payable | 47/48 | €137,451 | €19,460 | -€117,992 | -85.8% |
| Remuneration, social security and pensions | 62 | €240,843 | €241,529 | +€686 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,887 | €67,904 | -€17,983 | -20.9% |
| Other operating charges | 640/8 | €10,355 | €23,946 | +€13,591 | +131% |
| Non-recurring operating charges | 66A | €726 | €26,237 | +€25,511 | +3,513% |
| Gross operating margin | 9900 | €293,832 | €298,945 | +€5,113 | +1.7% |
| Operating profit (loss) | 9901 | -€43,980 | -€60,672 | -€16,692 | -38.0% |
| Financial income | 75/76B | €13,117 | €14,261 | +€1,144 | +8.7% |
| Recurring financial income | 75 | €11,354 | €14,261 | +€2,907 | +25.6% |
| Non-recurring financial income | 76B | €1,763 | - | -€1,763 | |
| Financial charges | 65/66B | €19,040 | €15,403 | -€3,637 | -19.1% |
| Recurring financial charges | 65 | €19,040 | €15,403 | -€3,637 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,902 | -€61,814 | -€11,912 | -23.9% |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€49,902 | -€61,840 | -€11,937 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,902 | -€61,840 | -€11,937 | -23.9% |
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 31 October 2026 via checked.be.