ANAFARMA: 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.
ANAFARMA
Largest movements
- Cash -€32,806
down €32,806 (-39.5%), from €82,967 to €50,160
mainly Current investments (-€30,968) and Debts after one year (-€10,403)
- Current investments +€30,968
up €30,968 (+23.7%), from €130,589 to €161,556
- Tangible fixed assets -€18,802
down €18,802 (-26.1%), from €72,018 to €53,216
of which Furniture and vehicles: -€17,241
- Receivables within one year +€9,441
up €9,441 (+4.8%), from €196,622 to €206,063
of which Trade receivables: +€9,820
- Debts after one year -€10,403
down €10,403 (-28.0%), from €37,166 to €26,764
- Gross operating margin -€10,765
down €10,765 (-23.6%), from €45,563 to €34,798
- Taxes -€2,973
down €2,973 (-46.8%), from €6,354 to €3,382
- Depreciation +€2,013
up €2,013 (+12.0%), from €16,789 to €18,802
- Financial charges -€955
down €955 (-9.0%), from €10,667 to €9,713
- Financial income +€847
up €847 (+121.3%), from €699 to €1,546
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 | €483,817 | €474,117 | -€9,699 | -2.0% |
| Fixed assets | 21/28 | €72,018 | €53,216 | -€18,802 | -26.1% |
| Tangible fixed assets | 22/27 | €72,018 | €53,216 | -€18,802 | -26.1% |
| Furniture and vehicles | 24 | €63,618 | €46,377 | -€17,241 | -27.1% |
| Other tangible fixed assets | 26 | €8,400 | €6,840 | -€1,561 | -18.6% |
| Current assets | 29/58 | €411,798 | €420,901 | +€9,103 | +2.2% |
| Amounts receivable within one year | 40/41 | €196,622 | €206,063 | +€9,441 | +4.8% |
| Trade receivables | 40 | €8,240 | €18,060 | +€9,820 | +119.2% |
| Other amounts receivable | 41 | €188,382 | €188,003 | -€379 | -0.2% |
| Current investments | 50/53 | €130,589 | €161,556 | +€30,968 | +23.7% |
| Cash at bank and in hand | 54/58 | €82,967 | €50,160 | -€32,806 | -39.5% |
| Deferred charges and accrued income | 490/1 | €1,620 | €3,121 | +€1,501 | +92.6% |
| Total equity and liabilities | 10/49 | €483,817 | €474,117 | -€9,699 | -2.0% |
| Equity | 10/15 | €309,738 | €313,517 | +€3,778 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €297,338 | €301,117 | +€3,778 | +1.3% |
| Distributable reserves | 133 | €297,338 | €301,117 | +€3,778 | +1.3% |
| Amounts payable | 17/49 | €174,078 | €160,601 | -€13,478 | -7.7% |
| Amounts payable after more than one year | 17 | €37,166 | €26,764 | -€10,403 | -28.0% |
| Financial debts | 170/4 | €37,166 | €26,764 | -€10,403 | -28.0% |
| Amounts payable within one year | 42/48 | €128,013 | €126,034 | -€1,980 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €13,363 | €10,403 | -€2,960 | -22.2% |
| Trade debts | 44 | €2,199 | €4,780 | +€2,581 | +117.3% |
| Suppliers | 440/4 | €2,199 | €4,780 | +€2,581 | +117.3% |
| Taxes, remuneration and social security | 45 | €985 | €1,873 | +€887 | +90.1% |
| Taxes | 450/3 | €985 | €1,873 | +€887 | +90.1% |
| Other amounts payable | 47/48 | €111,466 | €108,978 | -€2,487 | -2.2% |
| Accrued charges and deferred income | 492/3 | €8,899 | €7,804 | -€1,095 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,789 | €18,802 | +€2,013 | +12.0% |
| Other operating charges | 640/8 | €702 | €669 | -€34 | -4.8% |
| Gross operating margin | 9900 | €45,563 | €34,798 | -€10,765 | -23.6% |
| Operating profit (loss) | 9901 | €28,072 | €15,327 | -€12,745 | -45.4% |
| Financial income | 75/76B | €699 | €1,546 | +€847 | +121.3% |
| Recurring financial income | 75 | €699 | €1,546 | +€847 | +121.3% |
| Financial charges | 65/66B | €10,667 | €9,713 | -€955 | -9.0% |
| Recurring financial charges | 65 | €10,667 | €9,713 | -€955 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €18,103 | €7,160 | -€10,943 | -60.4% |
| Income taxes | 67/77 | €6,354 | €3,382 | -€2,973 | -46.8% |
| Profit (loss) for the period | 9904 | €11,749 | €3,778 | -€7,970 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,749 | €3,778 | -€7,970 | -67.8% |
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 6 October 2026 via checked.be.