A.S. Farma: what changed
What changed
A.S. Farma
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€37,007
2024 · €41,412-€4,405
Equity
€309,328
2024 · €280,321+€29,007
Cash
€85,930
2024 · €87,872-€1,942
Balance sheet total
€1.1m
2024 · €1.1m-€58,103
Largest movements
Assets
- Tangible fixed assets -€55,503
down €55,503 (-7.4%), from €749,232 to €693,729
of which Plant, machinery and equipment: -€55,503
- Current investments -€20,000
down €20,000 (-100%), from €20,000 to €0
- Receivables within one year +€15,350
up €15,350 (+18.6%), from €82,710 to €98,059
of which Trade receivables: +€14,505
Equity and liabilities
- Debts after one year -€112,781
down €112,781 (-17.1%), from €659,644 to €546,863
of which Financial debts: -€115,436
- Reserves +€29,007
up €29,007 (+13.3%), from €218,321 to €247,328
of which Distributable reserves: +€29,007
- Trade debts +€26,788
up €26,788 (+59.4%), from €45,109 to €71,897
Income statement
- Staff costs +€3,491
up €3,491 (+12.1%), from €28,833 to €32,324
- Financial charges -€1,926
down €1,926 (-14.2%), from €13,531 to €11,605
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
€41,412
Gross operating margin
-€118
Staff costs
-€3,491
Depreciation
-€438
Other operating charges
-€356
Financial income
-€520
Financial charges
+€1,926
Taxes
-€1,408
Result 2025
€37,007
raises the resultlowers the result
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
+€102,208
Investment
+€15,630
Financing
-€119,780
Cash 2024
€87,872
From operations (derived)
+€102,208
Net result for the year
+€37,007
Depreciation
+€60,063
Smaller working-capital items
+€432
Receivables within one year
-€15,350
Deferred charges and accrued income
-€4,420
Trade debts
+€26,788
Tax, wage and social debts
+€7,106
Other debts
-€9,418
Investment (derived)
+€15,630
Investment in fixed assets (net)
-€4,370
Current investments
+€20,000
Financing
-€119,780
Debts after one year
-€112,781
Current portion of long-term debt
+€1,001
Contributions, distributions and other
-€8,000
Cash 2025
€85,930
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,110,106 | €1,052,002 | -€58,103 | -5.2% |
| Fixed assets | 21/28 | €765,897 | €710,204 | -€55,693 | -7.3% |
| Intangible fixed assets | 21 | €4,740 | €2,740 | -€2,000 | -42.2% |
| Tangible fixed assets | 22/27 | €749,232 | €693,729 | -€55,503 | -7.4% |
| Land and buildings | 22 | €43,750 | €43,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | €705,482 | €649,979 | -€55,503 | -7.9% |
| Financial fixed assets | 28 | €11,926 | €13,736 | +€1,810 | +15.2% |
| Current assets | 29/58 | €344,208 | €341,798 | -€2,410 | -0.7% |
| Stocks and contracts in progress | 3 | €140,781 | €140,543 | -€238 | -0.2% |
| Stocks | 30/36 | €140,781 | €140,543 | -€238 | -0.2% |
| Amounts receivable within one year | 40/41 | €82,710 | €98,059 | +€15,350 | +18.6% |
| Trade receivables | 40 | €78,948 | €93,453 | +€14,505 | +18.4% |
| Other amounts receivable | 41 | €3,762 | €4,607 | +€844 | +22.4% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €87,872 | €85,930 | -€1,942 | -2.2% |
| Deferred charges and accrued income | 490/1 | €12,846 | €17,266 | +€4,420 | +34.4% |
| Total equity and liabilities | 10/49 | €1,110,106 | €1,052,002 | -€58,103 | -5.2% |
| Equity | 10/15 | €280,321 | €309,328 | +€29,007 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €218,321 | €247,328 | +€29,007 | +13.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €212,121 | €241,128 | +€29,007 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €829,785 | €742,674 | -€87,110 | -10.5% |
| Amounts payable after more than one year | 17 | €659,644 | €546,863 | -€112,781 | -17.1% |
| Financial debts | 170/4 | €659,644 | €544,208 | -€115,436 | -17.5% |
| Other amounts payable | 178/9 | - | €2,655 | +€2,655 | |
| Amounts payable within one year | 42/48 | €165,241 | €190,718 | +€25,477 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €69,435 | €70,436 | +€1,001 | +1.4% |
| Trade debts | 44 | €45,109 | €71,897 | +€26,788 | +59.4% |
| Suppliers | 440/4 | €45,109 | €71,897 | +€26,788 | +59.4% |
| Taxes, remuneration and social security | 45 | €2,077 | €9,183 | +€7,106 | +342% |
| Taxes | 450/3 | €920 | €5,229 | +€4,309 | +468% |
| Remuneration and social security | 454/9 | €1,157 | €3,954 | +€2,797 | +242% |
| Other amounts payable | 47/48 | €48,620 | €39,202 | -€9,418 | -19.4% |
| Accrued charges and deferred income | 492/3 | €4,899 | €5,094 | +€194 | +4.0% |
| Remuneration, social security and pensions | 62 | €28,833 | €32,324 | +€3,491 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,625 | €60,063 | +€438 | +0.7% |
| Other operating charges | 640/8 | €4,330 | €4,686 | +€356 | +8.2% |
| Gross operating margin | 9900 | €154,674 | €154,555 | -€118 | -0.1% |
| Operating profit (loss) | 9901 | €61,885 | €57,482 | -€4,403 | -7.1% |
| Financial income | 75/76B | €1,904 | €1,384 | -€520 | -27.3% |
| Recurring financial income | 75 | €1,904 | €1,384 | -€520 | -27.3% |
| Financial charges | 65/66B | €13,531 | €11,605 | -€1,926 | -14.2% |
| Recurring financial charges | 65 | €13,531 | €11,605 | -€1,926 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €50,258 | €47,261 | -€2,997 | -6.0% |
| Income taxes | 67/77 | €8,846 | €10,254 | +€1,408 | +15.9% |
| Profit (loss) for the period | 9904 | €41,412 | €37,007 | -€4,405 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,412 | €37,007 | -€4,405 | -10.6% |
Next steps
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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 7 November 2026 via checked.be.