PROBIBEL: what changed
What changed
PROBIBEL
NACE 72.101, Research and development on biotechnology
filed annual accounts (NBB)
Net result for the year
-€510,305
2024 · -€584,192+€73,887
Equity
-€298,312
2024 · -€1.0m+€721,008
Cash
€307,111
2024 · €112,259+€194,852
Balance sheet total
€1.5m
2024 · €437,823+€1.1m
Largest movements
Assets
- Stocks and contracts +€423,297
up €423,297 (+151%), from €280,000 to €703,297
- Receivables within one year +€382,202
up €382,202 (+909%), from €42,052 to €424,253
of which Trade receivables: +€356,873
- Cash +€194,852
up €194,852 (+174%), from €112,259 to €307,111
mainly Contributions, distributions and other (+€1.2m) and Trade debts (+€504,884)
- Intangible fixed assets +€52,342
up €52,342 (+2,142%), from €2,444 to €54,786
- Deferred charges and accrued income +€21,377
new in 2025: €21,377
Equity and liabilities
- Contributions +€1.2m
up €1.2m (+266%), from €462,645 to €1.7m
- Debts after one year -€545,455
down €545,455 (-55.2%), from €987,773 to €442,317
- Profit (loss) carried forward -€510,305
down €510,305 (-34.4%), from -€1.5m to -€2.0m
- Trade debts +€504,884
up €504,884 (+220%), from €229,079 to €733,963
- Current portion of long-term debt +€411,572
up €411,572 (+551%), from €74,727 to €486,299
Income statement
- Gross operating margin +€233,864
up €233,864 (+51.5%), from -€454,423 to -€220,559
- Staff costs +€126,615
up €126,615 (+152%), from €83,097 to €209,711
- Financial charges +€17,920
up €17,920 (+44.6%), from €40,193 to €58,113
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€584,192
Gross operating margin
+€233,864
Staff costs
-€126,615
Depreciation
-€3,183
Other operating charges
-€2,280
Other operating items
-€9,742
Financial income
+€815
Financial charges
-€17,920
Taxes
-€1,053
Result 2025
-€510,305
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€836,671
Investment
-€65,907
Financing
+€1.1m
Cash 2024
€112,259
From operations (derived)
-€836,671
Net result for the year
-€510,305
Depreciation
+€9,566
Stocks and contracts
-€423,297
Receivables within one year
-€382,202
Deferred charges and accrued income
-€21,377
Trade debts
+€504,884
Tax, wage and social debts
+€11,931
Other debts
-€50,749
Accrued charges and deferred income
+€24,879
Investment (derived)
-€65,907
Investment in fixed assets (net)
-€65,907
Financing
+€1.1m
Debts after one year
-€545,455
Current portion of long-term debt
+€411,572
Contributions, distributions and other
+€1.2m
Cash 2025
€307,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,823 | €1,515,891 | +€1.1m | +246% |
| Fixed assets | 21/28 | €3,512 | €59,853 | +€56,341 | +1,604% |
| Intangible fixed assets | 21 | €2,444 | €54,786 | +€52,342 | +2,142% |
| Tangible fixed assets | 22/27 | €751 | €4,342 | +€3,591 | +478% |
| Plant, machinery and equipment | 23 | €751 | €4,342 | +€3,591 | +478% |
| Financial fixed assets | 28 | €317 | €725 | +€408 | +129% |
| Current assets | 29/58 | €434,311 | €1,456,039 | +€1.0m | +235% |
| Stocks and contracts in progress | 3 | €280,000 | €703,297 | +€423,297 | +151% |
| Stocks | 30/36 | €280,000 | €703,297 | +€423,297 | +151% |
| Amounts receivable within one year | 40/41 | €42,052 | €424,253 | +€382,202 | +909% |
| Trade receivables | 40 | €42,052 | €398,925 | +€356,873 | +849% |
| Other amounts receivable | 41 | - | €25,329 | +€25,329 | |
| Cash at bank and in hand | 54/58 | €112,259 | €307,111 | +€194,852 | +174% |
| Deferred charges and accrued income | 490/1 | - | €21,377 | +€21,377 | |
| Total equity and liabilities | 10/49 | €437,823 | €1,515,891 | +€1.1m | +246% |
| Equity | 10/15 | -€1,019,319 | -€298,312 | +€721,008 | +70.7% |
| Contributions | 10/11 | €462,645 | €1,693,958 | +€1.2m | +266% |
| Profit (loss) carried forward | 14 | -€1,481,964 | -€1,992,270 | -€510,305 | -34.4% |
| Amounts payable | 17/49 | €1,457,143 | €1,814,203 | +€357,060 | +24.5% |
| Amounts payable after more than one year | 17 | €987,773 | €442,317 | -€545,455 | -55.2% |
| Financial debts | 170/4 | €987,773 | €442,317 | -€545,455 | -55.2% |
| Amounts payable within one year | 42/48 | €436,269 | €1,313,906 | +€877,637 | +201% |
| Current portion of amounts payable after more than one year | 42 | €74,727 | €486,299 | +€411,572 | +551% |
| Trade debts | 44 | €229,079 | €733,963 | +€504,884 | +220% |
| Suppliers | 440/4 | €229,079 | €733,963 | +€504,884 | +220% |
| Taxes, remuneration and social security | 45 | €77,088 | €89,018 | +€11,931 | +15.5% |
| Taxes | 450/3 | €77,088 | €64,684 | -€12,404 | -16.1% |
| Remuneration and social security | 454/9 | - | €24,334 | +€24,334 | |
| Other amounts payable | 47/48 | €55,375 | €4,626 | -€50,749 | -91.6% |
| Accrued charges and deferred income | 492/3 | €33,101 | €57,980 | +€24,879 | +75.2% |
| Remuneration, social security and pensions | 62 | €83,097 | €209,711 | +€126,615 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,383 | €9,566 | +€3,183 | +49.9% |
| Other operating charges | 640/8 | €118 | €2,398 | +€2,280 | +1,932% |
| Non-recurring operating charges | 66A | - | €9,742 | +€9,742 | |
| Gross operating margin | 9900 | -€454,423 | -€220,559 | +€233,864 | +51.5% |
| Operating profit (loss) | 9901 | -€544,021 | -€451,976 | +€92,045 | +16.9% |
| Financial income | 75/76B | €22 | €837 | +€815 | +3,749% |
| Recurring financial income | 75 | €22 | €837 | +€815 | +3,749% |
| Financial charges | 65/66B | €40,193 | €58,113 | +€17,920 | +44.6% |
| Recurring financial charges | 65 | €40,193 | €58,113 | +€17,920 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€584,192 | -€509,252 | +€74,940 | +12.8% |
| Income taxes | 67/77 | - | €1,053 | +€1,053 | |
| Profit (loss) for the period | 9904 | -€584,192 | -€510,305 | +€73,887 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€584,192 | -€510,305 | +€73,887 | +12.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.