ALPHAMEDIS: 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
ALPHAMEDIS
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€424,537
2025 · -€482,638+€58,101
Equity
€951,661
2025 · €1.4m-€424,537
Cash
€489,398
2025 · €508,479-€19,081
Balance sheet total
€2.2m
2025 · €2.2m-€45,645
Largest movements
Assets
- Receivables within one year -€34,444
down €34,444 (-3.2%), from €1.1m to €1.1m
of which Trade receivables: -€34,089
Equity and liabilities
- Profit (loss) carried forward -€424,537
down €424,537 (-36.7%), from €1.2m to €732,311
- Trade debts +€278,107
up €278,107 (+51.6%), from €538,806 to €816,913
- Other debts +€100,000
new in 2026: €100,000
Income statement
- Gross operating margin -€348,782
down €348,782 (-20.7%), from €1.7m to €1.3m
- Staff costs -€269,771
down €269,771 (-13.7%), from €2.0m to €1.7m
- Other operating charges -€114,996
down €114,996 (-79.1%), from €145,369 to €30,373
- Provisions -€17,459
down €17,459 (-92.9%), from €18,803 to €1,344
From the 2025 result to the 2026 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 2025
-€482,638
Gross operating margin
-€348,782
Staff costs
+€269,771
Depreciation
+€4,329
Write-downs
+€4,710
Provisions
+€17,459
Other operating charges
+€114,996
Financial income
+€20
Financial charges
-€4,314
Taxes
-€88
Result 2026
-€424,537
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€9,183
Investment
-€28,264
Financing
€0
Cash 2025
€508,479
From operations (derived)
+€9,183
Net result for the year
-€424,537
Depreciation
+€18,858
Stocks and contracts
-€8,979
Receivables within one year
+€34,444
Deferred charges and accrued income
+€10,505
Provisions
+€1,344
Trade debts
+€278,107
Tax, wage and social debts
-€6,647
Other debts
+€100,000
Accrued charges and deferred income
+€6,087
Investment (derived)
-€28,264
Investment in fixed assets (net)
-€28,264
Cash 2026
€489,398
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,203,917 | €2,158,272 | -€45,645 | -2.1% |
| Fixed assets | 21/28 | €43,511 | €52,917 | +€9,406 | +21.6% |
| Tangible fixed assets | 22/27 | €27,461 | €36,867 | +€9,406 | +34.3% |
| Plant, machinery and equipment | 23 | €12,312 | €19,292 | +€6,980 | +56.7% |
| Furniture and vehicles | 24 | €9,310 | €15,916 | +€6,606 | +71.0% |
| Other tangible fixed assets | 26 | €5,838 | €1,659 | -€4,179 | -71.6% |
| Financial fixed assets | 28 | €16,050 | €16,050 | = | 0.0% |
| Current assets | 29/58 | €2,160,406 | €2,105,355 | -€55,051 | -2.5% |
| Stocks and contracts in progress | 3 | €538,130 | €547,108 | +€8,979 | +1.7% |
| Stocks | 30/36 | €538,130 | €547,108 | +€8,979 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,091,464 | €1,057,020 | -€34,444 | -3.2% |
| Trade receivables | 40 | €1,090,797 | €1,056,708 | -€34,089 | -3.1% |
| Other amounts receivable | 41 | €667 | €312 | -€354 | -53.1% |
| Cash at bank and in hand | 54/58 | €508,479 | €489,398 | -€19,081 | -3.8% |
| Deferred charges and accrued income | 490/1 | €22,333 | €11,828 | -€10,505 | -47.0% |
| Total equity and liabilities | 10/49 | €2,203,917 | €2,158,272 | -€45,645 | -2.1% |
| Equity | 10/15 | €1,376,198 | €951,661 | -€424,537 | -30.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €95,350 | €95,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,938 | €14,938 | = | 0.0% |
| Legal reserve | 130 | €14,938 | €14,938 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €42,912 | €42,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156,848 | €732,311 | -€424,537 | -36.7% |
| Provisions and deferred taxes | 16 | €18,803 | €20,147 | +€1,344 | +7.1% |
| Provisions for liabilities and charges | 160/5 | €18,803 | €20,147 | +€1,344 | +7.1% |
| Pensions and similar obligations | 160 | €18,803 | €20,147 | +€1,344 | +7.1% |
| Amounts payable | 17/49 | €808,916 | €1,186,464 | +€377,548 | +46.7% |
| Amounts payable within one year | 42/48 | €776,949 | €1,148,409 | +€371,460 | +47.8% |
| Trade debts | 44 | €538,806 | €816,913 | +€278,107 | +51.6% |
| Suppliers | 440/4 | €538,806 | €816,913 | +€278,107 | +51.6% |
| Taxes, remuneration and social security | 45 | €238,143 | €231,497 | -€6,647 | -2.8% |
| Taxes | 450/3 | €3,475 | €11,185 | +€7,709 | +221.8% |
| Remuneration and social security | 454/9 | €234,668 | €220,312 | -€14,356 | -6.1% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €31,967 | €38,054 | +€6,087 | +19.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,967,106 | €1,697,334 | -€269,771 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,187 | €18,858 | -€4,329 | -18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,743 | -€10,453 | -€4,710 | -82.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,803 | €1,344 | -€17,459 | -92.9% |
| Other operating charges | 640/8 | €145,369 | €30,373 | -€114,996 | -79.1% |
| Gross operating margin | 9900 | €1,685,937 | €1,337,155 | -€348,782 | -20.7% |
| Operating profit (loss) | 9901 | -€462,784 | -€400,302 | +€62,482 | +13.5% |
| Financial income | 75/76B | €437 | €457 | +€20 | +4.5% |
| Recurring financial income | 75 | €437 | €457 | +€20 | +4.5% |
| Financial charges | 65/66B | €16,029 | €20,342 | +€4,314 | +26.9% |
| Recurring financial charges | 65 | €16,029 | €20,342 | +€4,314 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€478,376 | -€420,187 | +€58,189 | +12.2% |
| Income taxes | 67/77 | €4,262 | €4,350 | +€88 | +2.1% |
| Profit (loss) for the period | 9904 | -€482,638 | -€424,537 | +€58,101 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€482,638 | -€424,537 | +€58,101 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.