SCIENCE PARK SERVICES: what changed
Two fiscal 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.
SCIENCE PARK SERVICES
Largest movements
- Tangible fixed assets -€288,707
down €288,707 (-15.8%), from €1.8m to €1.5m
- Financial fixed assets -€208,651
down €208,651 (-99.2%), from €210,381 to €1,730
- Cash +€52,896
up €52,896 (+9.7%), from €546,941 to €599,837
mainly Depreciation (+€288,707) and Investment in fixed assets (net) (+€208,651)
- Profit (loss) carried forward -€355,857
down €355,857 (-26.8%), from -€1.3m to -€1.7m
- Debts after one year -€61,935
down €61,935 (-27.8%), from €222,624 to €160,689
of which Financial debts: -€61,935
- Current portion of long-term debt -€40,411
down €40,411 (-39.5%), from €102,346 to €61,935
- Turnover -€317,488
no longer reported in 2025 (was €317,488)
- Financial charges +€205,775
up €205,775 (+1858.6%), from €11,071 to €216,846
of which Non-recurring financial charges: +€208,651
- Purchases and services -€113,389
no longer reported in 2025 (was €113,389)
- Other operating charges +€26,676
up €26,676 (+78.2%), from €34,133 to €60,809
- Write-downs -€23,633
down €23,633, from €11,817 to -€11,817
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.
Cash bridge derived
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 | €2,604,251 | €2,147,019 | -€457,232 | -17.6% |
| Fixed assets | 21/28 | €2,032,215 | €1,534,857 | -€497,358 | -24.5% |
| Tangible fixed assets | 22/27 | €1,821,834 | €1,533,127 | -€288,707 | -15.8% |
| Land and buildings | 22 | €1,821,834 | €1,533,127 | -€288,707 | -15.8% |
| Financial fixed assets | 28 | €210,381 | €1,730 | -€208,651 | -99.2% |
| Current assets | 29/58 | €572,037 | €612,162 | +€40,126 | +7.0% |
| Amounts receivable within one year | 40/41 | €21,447 | €8,419 | -€13,028 | -60.7% |
| Trade receivables | 40 | €16,419 | €8,419 | -€8,000 | -48.7% |
| Other amounts receivable | 41 | €5,029 | €0 | -€5,029 | -100.0% |
| Cash at bank and in hand | 54/58 | €546,941 | €599,837 | +€52,896 | +9.7% |
| Deferred charges and accrued income | 490/1 | €3,648 | €3,906 | +€258 | +7.1% |
| Total equity and liabilities | 10/49 | €2,604,251 | €2,147,019 | -€457,232 | -17.6% |
| Equity | 10/15 | €2,145,946 | €1,790,089 | -€355,857 | -16.6% |
| Contributions | 10/11 | €3,450,000 | €3,450,000 | = | 0.0% |
| Capital | 10 | €3,450,000 | €3,450,000 | = | 0.0% |
| Issued capital | 100 | €3,450,000 | €3,450,000 | = | 0.0% |
| Reserves | 13 | €22,758 | €22,758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,758 | €22,758 | = | 0.0% |
| Legal reserve | 130 | €22,758 | €22,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,326,812 | -€1,682,669 | -€355,857 | -26.8% |
| Provisions and deferred taxes | 16 | €77,000 | €77,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €77,000 | €77,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,000 | €77,000 | = | 0.0% |
| Amounts payable | 17/49 | €381,305 | €279,930 | -€101,375 | -26.6% |
| Amounts payable after more than one year | 17 | €222,624 | €160,689 | -€61,935 | -27.8% |
| Financial debts | 170/4 | €222,624 | €160,689 | -€61,935 | -27.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €144,625 | €81,685 | -€62,940 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €102,346 | €61,935 | -€40,411 | -39.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €42,279 | €16,904 | -€25,375 | -60.0% |
| Suppliers | 440/4 | €42,279 | €16,904 | -€25,375 | -60.0% |
| Advances received on contracts in progress | 46 | - | €2,846 | +€2,846 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €14,057 | €37,556 | +€23,499 | +167.2% |
| Turnover | 70 | €317,488 | - | -€317,488 | |
| Non-recurring operating income | 76A | €2,910 | €0 | -€2,910 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €113,389 | - | -€113,389 | |
| Remuneration, social security and pensions | 62 | €2,460 | €2,636 | +€176 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,867 | €288,707 | -€17,160 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,817 | -€11,817 | -€23,633 | |
| Other operating charges | 640/8 | €34,133 | €60,809 | +€26,676 | +78.2% |
| Non-recurring operating charges | 66A | €26,888 | €0 | -€26,888 | -100.0% |
| Gross operating margin | 9900 | €216,509 | €201,324 | -€15,186 | -7.0% |
| Operating profit (loss) | 9901 | -€164,655 | -€139,012 | +€25,643 | +15.6% |
| Financial income | 75/76B | €208 | €1 | -€207 | -99.5% |
| Recurring financial income | 75 | €208 | €1 | -€207 | -99.5% |
| Financial charges | 65/66B | €11,071 | €216,846 | +€205,775 | +1858.6% |
| Recurring financial charges | 65 | €11,071 | €8,195 | -€2,876 | -26.0% |
| Non-recurring financial charges | 66B | - | €208,651 | +€208,651 | |
| Profit (loss) for the period before taxes | 9903 | -€175,519 | -€355,857 | -€180,338 | -102.7% |
| Profit (loss) for the period | 9904 | -€175,519 | -€355,857 | -€180,338 | -102.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,519 | -€355,857 | -€180,338 | -102.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.