OSTEND SCIENCE PARK: 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
OSTEND SCIENCE PARK
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€169,762
2024 · -€25,458-€144,304
Equity
€5.4m
2024 · €5.6m-€197,679
Cash
€218,962
2024 · €262,348-€43,387
Balance sheet total
€5.5m
2024 · €5.7m-€173,034
Largest movements
Assets
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Tangible fixed assets +€64,004
up €64,004 (+1.3%), from €5.1m to €5.1m
of which Land and buildings: +€65,863
Equity and liabilities
- Profit (loss) carried forward -€169,762
down €169,762 (-59.1%), from -€287,283 to -€457,045
Income statement
- Depreciation +€103,846
up €103,846 (+1,090%), from €9,530 to €113,376
- Gross operating margin -€60,871
down €60,871 (-1,013%), from -€6,011 to -€66,882
- Financial income +€26,353
up €26,353 (+679%), from €3,882 to €30,235
- Financial charges +€13,531
up €13,531 (+2,998%), from €451 to €13,983
- Staff costs -€6,802
down €6,802 (-100%), from €6,802 to €0
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
-€25,458
Gross operating margin
-€60,871
Staff costs
+€6,802
Depreciation
-€103,846
Other operating charges
+€746
Financial income
+€26,353
Financial charges
-€13,531
Taxes
+€43
Result 2025
-€169,762
raises the resultlowers the result
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
-€39,989
Investment
+€24,519
Financing
-€27,917
Cash 2024
€262,348
From operations (derived)
-€39,989
Net result for the year
-€169,762
Depreciation
+€113,376
Receivables within one year
-€8,230
Smaller working-capital items
+€442
Trade debts
+€32,109
Tax, wage and social debts
-€7,924
Investment (derived)
+€24,519
Investment in fixed assets (net)
-€175,481
Current investments
+€200,000
Financing
-€27,917
Contributions, distributions and other
-€27,917
Cash 2025
€218,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,669,786 | €5,496,751 | -€173,034 | -3.1% |
| Fixed assets | 21/28 | €5,102,171 | €5,164,275 | +€62,105 | +1.2% |
| Intangible fixed assets | 21 | €2,789 | €890 | -€1,899 | -68.1% |
| Tangible fixed assets | 22/27 | €5,075,631 | €5,139,635 | +€64,004 | +1.3% |
| Land and buildings | 22 | €4,500,188 | €4,566,051 | +€65,863 | +1.5% |
| Plant, machinery and equipment | 23 | €1,107 | €0 | -€1,107 | -100% |
| Furniture and vehicles | 24 | €1,787 | €1,034 | -€752 | -42.1% |
| Other tangible fixed assets | 26 | €572,549 | €572,549 | = | 0.0% |
| Financial fixed assets | 28 | €23,750 | €23,750 | = | 0.0% |
| Current assets | 29/58 | €567,615 | €332,476 | -€235,139 | -41.4% |
| Amounts receivable within one year | 40/41 | €104,673 | €112,903 | +€8,230 | +7.9% |
| Trade receivables | 40 | €3,530 | €2,140 | -€1,390 | -39.4% |
| Other amounts receivable | 41 | €101,143 | €110,762 | +€9,620 | +9.5% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €262,348 | €218,962 | -€43,387 | -16.5% |
| Deferred charges and accrued income | 490/1 | €594 | €612 | +€18 | +3.0% |
| Total equity and liabilities | 10/49 | €5,669,786 | €5,496,751 | -€173,034 | -3.1% |
| Equity | 10/15 | €5,633,986 | €5,436,307 | -€197,679 | -3.5% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,283 | -€457,045 | -€169,762 | -59.1% |
| Investment grants | 15 | €921,269 | €893,352 | -€27,917 | -3.0% |
| Amounts payable | 17/49 | €35,800 | €60,445 | +€24,645 | +68.8% |
| Amounts payable within one year | 42/48 | €20,194 | €44,379 | +€24,185 | +120% |
| Trade debts | 44 | €11,590 | €43,699 | +€32,109 | +277% |
| Suppliers | 440/4 | €11,590 | €43,699 | +€32,109 | +277% |
| Taxes, remuneration and social security | 45 | €8,604 | €680 | -€7,924 | -92.1% |
| Taxes | 450/3 | €8,604 | €680 | -€7,924 | -92.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €15,605 | €16,065 | +€460 | +2.9% |
| Remuneration, social security and pensions | 62 | €6,802 | €0 | -€6,802 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,530 | €113,376 | +€103,846 | +1,090% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,523 | €5,778 | -€746 | -11.4% |
| Gross operating margin | 9900 | -€6,011 | -€66,882 | -€60,871 | -1,013% |
| Operating profit (loss) | 9901 | -€28,867 | -€186,036 | -€157,169 | -544% |
| Financial income | 75/76B | €3,882 | €30,235 | +€26,353 | +679% |
| Recurring financial income | 75 | €3,882 | €30,235 | +€26,353 | +679% |
| Financial charges | 65/66B | €451 | €13,983 | +€13,531 | +2,998% |
| Recurring financial charges | 65 | €451 | €13,983 | +€13,531 | +2,998% |
| Profit (loss) for the period before taxes | 9903 | -€25,436 | -€169,784 | -€144,348 | -567% |
| Income taxes | 67/77 | €22 | -€22 | -€43 | |
| Profit (loss) for the period | 9904 | -€25,458 | -€169,762 | -€144,304 | -567% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,458 | -€169,762 | -€144,304 | -567% |
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 30 October 2026 via checked.be.