ARSEUS LAB: 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.
What changed
ARSEUS LAB
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€228,254
2023 · €150,565+€77,690
Equity
€3.1m
2023 · €2.9m+€228,254
Cash
€262,061
2023 · €215,965+€46,096
Balance sheet total
€6.2m
2023 · €6.8m-€649,140
Largest movements
Assets
- Receivables within one year -€616,816
down €616,816 (-22.7%), from €2.7m to €2.1m
of which Trade receivables: -€624,711
- Stocks and contracts -€70,891
down €70,891 (-58.2%), from €121,878 to €50,988
Equity and liabilities
- Short-term financial debts -€1.0m
down €1.0m (-50.5%), from €2.0m to €1.0m
- Trade debts +€301,240
up €301,240 (+27.0%), from €1.1m to €1.4m
- Profit (loss) carried forward +€228,254
up €228,254 (+8.8%), from -€2.6m to -€2.4m
- Tax, wage and social debts -€132,803
down €132,803 (-23.4%), from €568,438 to €435,635
of which Taxes: -€96,854
Income statement
- Goods and materials +€452,842
up €452,842 (+6.4%), from €7.1m to €7.5m
of which Change in stocks: decrease (increase): +€385,709
- Turnover +€354,628
up €354,628 (+3.6%), from €9.9m to €10.2m
- Write-downs -€320,209
down €320,209, from €65,679 to -€254,529
- Other operating income +€251,961
up €251,961 (+19.1%), from €1.3m to €1.6m
- Other operating charges +€190,672
up €190,672 (+44.8%), from €425,884 to €616,556
From the 2023 result to the 2024 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 2023
€150,565
Turnover
+€354,628
Other operating income
+€251,961
Goods and materials
-€452,842
Services and other goods
-€155,554
Staff costs
-€62,421
Depreciation
+€2,916
Write-downs
+€320,209
Other operating charges
-€190,672
Financial income
+€11,136
Financial charges
-€2,375
Taxes
+€705
Result 2024
€228,254
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.1m
Investment
-€23,244
Financing
-€1.0m
Cash 2023
€215,965
From operations (derived)
+€1.1m
Net result for the year
+€228,254
Depreciation
+€24,283
Stocks and contracts
+€70,891
Receivables within one year
+€616,816
Deferred charges and accrued income
+€6,490
Trade debts
+€301,240
Tax, wage and social debts
-€132,803
Other debts
+€1,094
Accrued charges and deferred income
-€17,614
Investment (derived)
-€23,244
Investment in fixed assets (net)
-€23,244
Financing
-€1.0m
Short-term financial debts
-€1.0m
Cash 2024
€262,061
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,810,837 | €6,161,697 | -€649,140 | -9.5% |
| Fixed assets | 21/28 | €3,742,163 | €3,741,125 | -€1,039 | 0.0% |
| Intangible fixed assets | 21 | €43,191 | €66,493 | +€23,302 | +54.0% |
| Tangible fixed assets | 22/27 | €30,398 | €6,057 | -€24,341 | -80.1% |
| Plant, machinery and equipment | 23 | €23,894 | - | -€23,894 | |
| Furniture and vehicles | 24 | €6,503 | €6,057 | -€447 | -6.9% |
| Financial fixed assets | 28 | €3,668,575 | €3,668,575 | = | 0.0% |
| Affiliated companies | 280/1 | €3,668,100 | €3,668,100 | = | 0.0% |
| Participating interests | 280 | €3,668,100 | €3,668,100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €475 | €475 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €3,068,674 | €2,420,573 | -€648,101 | -21.1% |
| Stocks and contracts in progress | 3 | €121,878 | €50,988 | -€70,891 | -58.2% |
| Stocks | 30/36 | €121,878 | €50,988 | -€70,891 | -58.2% |
| Goods purchased for resale | 34 | €121,878 | €50,988 | -€70,891 | -58.2% |
| Amounts receivable within one year | 40/41 | €2,719,356 | €2,102,540 | -€616,816 | -22.7% |
| Trade receivables | 40 | €2,715,640 | €2,090,929 | -€624,711 | -23.0% |
| Other amounts receivable | 41 | €3,716 | €11,610 | +€7,895 | +212.5% |
| Cash at bank and in hand | 54/58 | €215,965 | €262,061 | +€46,096 | +21.3% |
| Deferred charges and accrued income | 490/1 | €11,475 | €4,985 | -€6,490 | -56.6% |
| Total equity and liabilities | 10/49 | €6,810,837 | €6,161,697 | -€649,140 | -9.5% |
| Equity | 10/15 | €2,907,376 | €3,135,630 | +€228,254 | +7.9% |
| Contributions | 10/11 | €5,492,961 | €5,492,961 | = | 0.0% |
| Capital | 10 | €5,492,961 | €5,492,961 | = | 0.0% |
| Issued capital | 100 | €20,492,961 | €20,492,961 | = | 0.0% |
| Uncalled capital | 101 | €15,000,000 | €15,000,000 | = | 0.0% |
| Reserves | 13 | €9,296 | €9,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,594,881 | -€2,366,627 | +€228,254 | +8.8% |
| Amounts payable | 17/49 | €3,903,461 | €3,026,067 | -€877,394 | -22.5% |
| Amounts payable within one year | 42/48 | €3,722,189 | €2,862,409 | -€859,780 | -23.1% |
| Financial debts | 43 | €2,038,214 | €1,008,903 | -€1.0m | -50.5% |
| Credit institutions | 430/8 | €2,038,214 | €1,008,903 | -€1.0m | -50.5% |
| Trade debts | 44 | €1,115,537 | €1,416,777 | +€301,240 | +27.0% |
| Suppliers | 440/4 | €1,115,537 | €1,416,777 | +€301,240 | +27.0% |
| Taxes, remuneration and social security | 45 | €568,438 | €435,635 | -€132,803 | -23.4% |
| Taxes | 450/3 | €301,619 | €204,765 | -€96,854 | -32.1% |
| Remuneration and social security | 454/9 | €266,819 | €230,871 | -€35,949 | -13.5% |
| Other amounts payable | 47/48 | - | €1,094 | +€1,094 | |
| Accrued charges and deferred income | 492/3 | €181,272 | €163,658 | -€17,614 | -9.7% |
| Operating income | 70/76A | €11,169,329 | €11,775,917 | +€606,588 | +5.4% |
| Turnover | 70 | €9,853,528 | €10,208,156 | +€354,628 | +3.6% |
| Other operating income | 74 | €1,315,800 | €1,567,761 | +€251,961 | +19.1% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Operating charges | 60/66A | €10,894,639 | €11,433,003 | +€538,364 | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €7,069,816 | €7,522,658 | +€452,842 | +6.4% |
| Purchases | 600/8 | €7,117,148 | €7,184,281 | +€67,133 | +0.9% |
| Change in stocks: decrease (increase) | 609 | -€47,332 | €338,377 | +€385,709 | |
| Services and other goods | 61 | €1,626,869 | €1,782,423 | +€155,554 | +9.6% |
| Remuneration, social security and pensions | 62 | €1,679,192 | €1,741,613 | +€62,421 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,199 | €24,283 | -€2,916 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,679 | -€254,529 | -€320,209 | |
| Other operating charges | 640/8 | €425,884 | €616,556 | +€190,672 | +44.8% |
| Operating profit (loss) | 9901 | €274,690 | €342,914 | +€68,224 | +24.8% |
| Financial income | 75/76B | €1,681 | €12,817 | +€11,136 | +662.3% |
| Recurring financial income | 75 | €1,681 | €1,690 | +€8 | +0.5% |
| Income from current assets | 751 | €743 | €1,604 | +€861 | +116.0% |
| Other financial income | 752/9 | €939 | €86 | -€853 | -90.8% |
| Non-recurring financial income | 76B | - | €11,127 | +€11,127 | |
| Financial charges | 65/66B | €124,016 | €126,391 | +€2,375 | +1.9% |
| Recurring financial charges | 65 | €124,016 | €126,391 | +€2,375 | +1.9% |
| Debt charges | 650 | €81,025 | €92,591 | +€11,567 | +14.3% |
| Other financial charges | 652/9 | €42,991 | €33,800 | -€9,192 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €152,355 | €229,340 | +€76,985 | +50.5% |
| Income taxes | 67/77 | €1,791 | €1,086 | -€705 | -39.4% |
| Taxes | 670/3 | €1,791 | €1,086 | -€705 | -39.4% |
| Profit (loss) for the period | 9904 | €150,565 | €228,254 | +€77,690 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €150,565 | €228,254 | +€77,690 | +51.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2023 and 28 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.