A.CATRIN PHARMA: 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.
A.CATRIN PHARMA
Largest movements
- Tangible fixed assets +€34,133
up €34,133 (+455.7%), from €7,490 to €41,623
of which Furniture and vehicles: +€34,014
- Cash +€31,171
up €31,171 (+226.4%), from €13,771 to €44,943
mainly Other debts (+€47,126) and Net result for the year (+€16,184)
- Receivables within one year +€3,940
up €3,940 (+144.7%), from €2,723 to €6,662
- Deferred charges and accrued income +€1,112
new in 2025: €1,112
- Other debts +€47,126
up €47,126 (+605.0%), from €7,790 to €54,916
- Profit (loss) carried forward +€15,351
up €15,351 (+171.3%), from €8,960 to €24,311
- Tax, wage and social debts +€7,833
up €7,833 (+209.5%), from €3,738 to €11,571
- Gross operating margin +€18,012
up €18,012 (+150.8%), from €11,945 to €29,956
- Depreciation +€7,318
up €7,318 (+1819.5%), from €402 to €7,720
- Taxes +€2,752
up €2,752 (+122.4%), from €2,249 to €5,001
- Other operating charges +€753
up €753 (+335.2%), from €225 to €978
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 | €23,984 | €94,339 | +€70,356 | +293.3% |
| Fixed assets | 21/28 | €7,490 | €41,623 | +€34,133 | +455.7% |
| Tangible fixed assets | 22/27 | €7,490 | €41,623 | +€34,133 | +455.7% |
| Land and buildings | 22 | €7,490 | €5,912 | -€1,579 | -21.1% |
| Plant, machinery and equipment | 23 | - | €1,697 | +€1,697 | |
| Furniture and vehicles | 24 | - | €34,014 | +€34,014 | |
| Current assets | 29/58 | €16,494 | €52,717 | +€36,223 | +219.6% |
| Amounts receivable within one year | 40/41 | €2,723 | €6,662 | +€3,940 | +144.7% |
| Trade receivables | 40 | €2,723 | €6,662 | +€3,940 | +144.7% |
| Cash at bank and in hand | 54/58 | €13,771 | €44,943 | +€31,171 | +226.4% |
| Deferred charges and accrued income | 490/1 | - | €1,112 | +€1,112 | |
| Total equity and liabilities | 10/49 | €23,984 | €94,339 | +€70,356 | +293.3% |
| Equity | 10/15 | €11,960 | €27,311 | +€15,351 | +128.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,960 | €24,311 | +€15,351 | +171.3% |
| Amounts payable | 17/49 | €12,024 | €67,028 | +€55,004 | +457.5% |
| Amounts payable within one year | 42/48 | €12,024 | €67,028 | +€55,004 | +457.5% |
| Trade debts | 44 | €496 | €541 | +€45 | +9.2% |
| Suppliers | 440/4 | €496 | €541 | +€45 | +9.2% |
| Taxes, remuneration and social security | 45 | €3,738 | €11,571 | +€7,833 | +209.5% |
| Taxes | 450/3 | €3,738 | €11,571 | +€7,833 | +209.5% |
| Other amounts payable | 47/48 | €7,790 | €54,916 | +€47,126 | +605.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €7,720 | +€7,318 | +1819.5% |
| Other operating charges | 640/8 | €225 | €978 | +€753 | +335.2% |
| Gross operating margin | 9900 | €11,945 | €29,956 | +€18,012 | +150.8% |
| Operating profit (loss) | 9901 | €11,318 | €21,258 | +€9,941 | +87.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €109 | €73 | -€36 | -32.9% |
| Recurring financial charges | 65 | €109 | €73 | -€36 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €11,209 | €21,185 | +€9,976 | +89.0% |
| Income taxes | 67/77 | €2,249 | €5,001 | +€2,752 | +122.4% |
| Profit (loss) for the period | 9904 | €8,960 | €16,184 | +€7,224 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,960 | €16,184 | +€7,224 | +80.6% |
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 3 October 2026 via checked.be.