Nuscience Belgium: 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
Nuscience Belgium
NACE 10.910, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7.6m
2024 · €6.2m+€1.4m
Equity
€113.2m
2024 · €64.6m+€48.6m
Cash
€4.5m
2024 · €2.4m+€2.1m
Balance sheet total
€144.8m
2024 · €90.1m+€54.7m
Largest movements
Assets
- Financial fixed assets +€38.7m
up €38.7m (+590%), from €6.6m to €45.2m
of which Affiliated companies: +€38.1m
- Receivables within one year +€15.4m
up €15.4m (+34.3%), from €44.9m to €60.2m
of which Other amounts receivable: +€18.4m
- Tangible fixed assets -€2.2m
down €2.2m (-10.0%), from €22.1m to €19.9m
of which Plant, machinery and equipment: -€1.9m
- Cash +€2.1m
up €2.1m (+87.9%), from €2.4m to €4.5m
mainly Contributions, distributions and other (+€41.0m) and Net result for the year (+€7.6m)
Equity and liabilities
- Contributions +€59.4m
up €59.4m (+143%), from €41.6m to €101.0m
of which Capital: +€59.4m
- Profit (loss) carried forward -€13.9m
down €13.9m (-65.8%), from €21.1m to €7.2m
- Trade debts +€3.5m
up €3.5m (+16.2%), from €21.5m to €25.0m
- Reserves +€3.1m
up €3.1m (+166%), from €1.9m to €4.9m
of which Non-distributable reserves: +€3.1m
- Provisions +€1.7m
up €1.7m (+133%), from €1.2m to €2.9m
Income statement
- Turnover +€7.7m
up €7.7m (+4.7%), from €166.1m to €173.8m
- Goods and materials +€5.0m
up €5.0m (+4.0%), from €124.5m to €129.5m
of which Purchases: +€4.3m
- Staff costs +€4.5m
up €4.5m (+52.5%), from €8.5m to €13.0m
- Other operating income +€4.2m
up €4.2m (+190%), from €2.2m to €6.4m
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
€6.2m
Turnover
+€7.7m
Other operating income
+€4.2m
Goods and materials
-€5.0m
Services and other goods
-€879,105
Staff costs
-€4.5m
Depreciation
+€277,619
Write-downs
+€1.0m
Provisions
-€410,000
Other operating charges
-€724,892
Other operating items
-€522,461
Financial income
+€1.7m
Financial charges
-€1.3m
Taxes
-€360,344
Result 2025
€7.6m
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
+€1.1m
Investment
-€40.0m
Financing
+€41.0m
Cash 2024
€2.4m
From operations (derived)
+€1.1m
Net result for the year
+€7.6m
Depreciation
+€2.9m
Stocks and contracts
+€247,021
Receivables within one year
-€15.4m
Deferred charges and accrued income
-€329,354
Provisions
+€1.7m
Trade debts
+€3.5m
Tax, wage and social debts
+€991,039
Accrued charges and deferred income
-€55,504
Investment (derived)
-€40.0m
Investment in fixed assets (net)
-€39.4m
Current investments
-€536,284
Financing
+€41.0m
Contributions, distributions and other
+€41.0m
Cash 2025
€4.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,117,501 | €144,802,411 | +€54.7m | +60.7% |
| Fixed assets | 21/28 | €28,661,879 | €65,233,235 | +€36.6m | +128% |
| Intangible fixed assets | 21 | €4,700 | €106,780 | +€102,080 | +2,172% |
| Tangible fixed assets | 22/27 | €22,105,808 | €19,890,309 | -€2.2m | -10.0% |
| Land and buildings | 22 | €16,306,681 | €16,110,559 | -€196,121 | -1.2% |
| Plant, machinery and equipment | 23 | €5,333,270 | €3,449,092 | -€1.9m | -35.3% |
| Furniture and vehicles | 24 | €275,741 | €261,852 | -€13,890 | -5.0% |
| Other tangible fixed assets | 26 | - | €959 | +€959 | |
| Assets under construction and advance payments | 27 | €190,116 | €67,847 | -€122,269 | -64.3% |
| Financial fixed assets | 28 | €6,551,370 | €45,236,146 | +€38.7m | +590% |
| Affiliated companies | 280/1 | €5,994,614 | €44,047,685 | +€38.1m | +635% |
| Participating interests | 280 | €5,994,614 | €44,047,685 | +€38.1m | +635% |
| Amounts receivable | 281 | €0 | €0 | = | |
| Companies linked by participating interests | 282/3 | €467,867 | €467,867 | = | 0.0% |
| Participating interests | 282 | €467,867 | €467,867 | = | 0.0% |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €88,890 | €720,594 | +€631,704 | +711% |
| Shares | 284 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €88,890 | €720,594 | +€631,704 | +711% |
| Current assets | 29/58 | €61,455,622 | €79,569,176 | +€18.1m | +29.5% |
| Amounts receivable after more than one year | 29 | €3,000,000 | €3,000,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €3,000,000 | €3,000,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,050,506 | €10,803,484 | -€247,021 | -2.2% |
| Stocks | 30/36 | €11,050,506 | €10,803,484 | -€247,021 | -2.2% |
| Raw materials and consumables | 30/31 | €8,411,869 | €8,336,909 | -€74,961 | -0.9% |
| Work in progress | 32 | €501,285 | €247,700 | -€253,585 | -50.6% |
| Finished goods | 33 | €2,137,352 | €2,196,752 | +€59,401 | +2.8% |
| Goods purchased for resale | 34 | - | €22,123 | +€22,123 | |
| Amounts receivable within one year | 40/41 | €44,861,596 | €60,236,016 | +€15.4m | +34.3% |
| Trade receivables | 40 | €23,087,459 | €20,034,476 | -€3.1m | -13.2% |
| Other amounts receivable | 41 | €21,774,137 | €40,201,540 | +€18.4m | +84.6% |
| Current investments | 50/53 | - | €536,284 | +€536,284 | |
| Other investments | 51/53 | - | €536,284 | +€536,284 | |
| Cash at bank and in hand | 54/58 | €2,411,165 | €4,531,682 | +€2.1m | +87.9% |
| Deferred charges and accrued income | 490/1 | €132,356 | €461,710 | +€329,354 | +249% |
| Total equity and liabilities | 10/49 | €90,117,501 | €144,802,411 | +€54.7m | +60.7% |
| Equity | 10/15 | €64,565,717 | €113,181,825 | +€48.6m | +75.3% |
| Contributions | 10/11 | €41,611,761 | €101,023,314 | +€59.4m | +143% |
| Capital | 10 | €41,542,053 | €100,953,606 | +€59.4m | +143% |
| Issued capital | 100 | €41,542,053 | €100,953,606 | +€59.4m | +143% |
| Contributions outside capital | 11 | €69,708 | €69,708 | = | 0.0% |
| Share premium | 1100/10 | €69,708 | €69,708 | = | 0.0% |
| Reserves | 13 | €1,853,272 | €4,937,180 | +€3.1m | +166% |
| Non-distributable reserves | 130/1 | €1,805,403 | €4,937,180 | +€3.1m | +173% |
| Legal reserve | 130 | €1,631,629 | €4,763,406 | +€3.1m | +192% |
| Reserves not available under the articles | 1311 | €173,525 | €173,525 | = | 0.0% |
| Other | 1319 | €249 | €249 | = | 0.0% |
| Distributable reserves | 133 | €47,869 | €0 | -€47,869 | -100% |
| Profit (loss) carried forward | 14 | €21,100,684 | €7,221,331 | -€13.9m | -65.8% |
| Provisions and deferred taxes | 16 | €1,246,488 | €2,901,488 | +€1.7m | +133% |
| Provisions for liabilities and charges | 160/5 | €1,246,488 | €2,901,488 | +€1.7m | +133% |
| Pensions and similar obligations | 160 | €1,488 | €1,488 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,245,000 | €2,900,000 | +€1.7m | +133% |
| Amounts payable | 17/49 | €24,305,296 | €28,719,099 | +€4.4m | +18.2% |
| Amounts payable within one year | 42/48 | €24,244,273 | €28,713,580 | +€4.5m | +18.4% |
| Trade debts | 44 | €21,491,791 | €24,970,060 | +€3.5m | +16.2% |
| Suppliers | 440/4 | €21,491,791 | €24,970,060 | +€3.5m | +16.2% |
| Taxes, remuneration and social security | 45 | €2,752,482 | €3,743,521 | +€991,039 | +36.0% |
| Taxes | 450/3 | €1,187,314 | €1,374,533 | +€187,220 | +15.8% |
| Remuneration and social security | 454/9 | €1,565,168 | €2,368,988 | +€803,819 | +51.4% |
| Accrued charges and deferred income | 492/3 | €61,022 | €5,518 | -€55,504 | -91.0% |
| Operating income | 70/76A | €168,606,278 | €180,051,389 | +€11.4m | +6.8% |
| Turnover | 70 | €166,061,748 | €173,808,252 | +€7.7m | +4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €325,511 | -€196,950 | -€522,461 | |
| Other operating income | 74 | €2,219,019 | €6,440,087 | +€4.2m | +190% |
| Operating charges | 60/66A | €161,034,575 | €171,186,366 | +€10.2m | +6.3% |
| Goods for resale, raw materials and consumables | 60 | €124,513,284 | €129,477,717 | +€5.0m | +4.0% |
| Purchases | 600/8 | €125,123,025 | €129,430,058 | +€4.3m | +3.4% |
| Change in stocks: decrease (increase) | 609 | -€609,742 | €47,659 | +€657,401 | |
| Services and other goods | 61 | €23,085,583 | €23,964,688 | +€879,105 | +3.8% |
| Remuneration, social security and pensions | 62 | €8,539,275 | €13,023,566 | +€4.5m | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,155,768 | €2,878,150 | -€277,619 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €390,015 | -€643,296 | -€1.0m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,245,000 | €1,655,000 | +€410,000 | +32.9% |
| Other operating charges | 640/8 | €105,650 | €830,541 | +€724,892 | +686% |
| Operating profit (loss) | 9901 | €7,571,703 | €8,865,023 | +€1.3m | +17.1% |
| Financial income | 75/76B | €1,126,520 | €2,816,205 | +€1.7m | +150% |
| Recurring financial income | 75 | €1,126,520 | €2,816,205 | +€1.7m | +150% |
| Income from financial fixed assets | 750 | €680,185 | €1,728,176 | +€1.0m | +154% |
| Income from current assets | 751 | €104,712 | €392,069 | +€287,357 | +274% |
| Other financial income | 752/9 | €341,622 | €695,960 | +€354,338 | +104% |
| Financial charges | 65/66B | €373,000 | €1,630,327 | +€1.3m | +337% |
| Recurring financial charges | 65 | €373,000 | €1,630,327 | +€1.3m | +337% |
| Debt charges | 650 | €404 | €927 | +€522 | +129% |
| Other financial charges | 652/9 | €372,596 | €1,629,400 | +€1.3m | +337% |
| Profit (loss) for the period before taxes | 9903 | €8,325,223 | €10,050,901 | +€1.7m | +20.7% |
| Income taxes | 67/77 | €2,089,155 | €2,449,499 | +€360,344 | +17.2% |
| Taxes | 670/3 | €2,154,014 | €2,449,499 | +€295,485 | +13.7% |
| Tax adjustments and reversals of tax provisions | 77 | €64,859 | - | -€64,859 | |
| Profit (loss) for the period | 9904 | €6,236,067 | €7,601,402 | +€1.4m | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,236,067 | €7,601,402 | +€1.4m | +21.9% |
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 15 October 2026 via checked.be.