BAXTER BELGIUM: what changed
What changed
BAXTER BELGIUM
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €2.8m-€910,626
Equity
€2.8m
2024 · €16.9m-€14.1m
Cash
-
not filed
Balance sheet total
€30.1m
2024 · €27.5m+€2.6m
Largest movements
Assets
- Receivables after one year -€15.0m
down €15.0m (-100%), from €15.0m to €0
- Receivables within one year +€12.2m
up €12.2m (+171%), from €7.2m to €19.4m
of which Other amounts receivable: +€14.8m
- Current investments +€5.4m
up €5.4m (+105%), from €5.1m to €10.5m
Equity and liabilities
- Other debts +€17.4m
up €17.4m (+413%), from €4.2m to €21.6m
- Profit (loss) carried forward -€14.1m
down €14.1m (-84.0%), from €16.8m to €2.7m
- Tax, wage and social debts -€1.0m
down €1.0m (-28.5%), from €3.6m to €2.6m
of which Taxes: -€942,181
- Trade debts +€435,988
up €435,988 (+15.6%), from €2.8m to €3.2m
Income statement
- Provisions +€1.4m
up €1.4m (+99.9%), from -€1.4m to -€998
- Goods and materials -€984,919
down €984,919 (-68.1%), from €1.4m to €460,857
of which Change in stocks: decrease (increase): -€875,711
- Staff costs -€971,205
down €971,205 (-14.9%), from €6.5m to €5.6m
- Turnover -€669,042
down €669,042 (-4.5%), from €15.0m to €14.3m
- Taxes -€541,774
down €541,774 (-45.1%), from €1.2m to €659,260
of which Taxes: -€539,698
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
€2.8m
Turnover
-€669,042
Other operating income
+€29,965
Goods and materials
+€984,919
Services and other goods
-€440,069
Staff costs
+€971,205
Depreciation
+€25,056
Write-downs
+€2,396
Provisions
-€1.4m
Other operating charges
+€199,639
Other operating items
-€818,858
Financial income
-€303,629
Financial charges
-€7,552
Taxes
+€541,774
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,493,801 | €30,129,230 | +€2.6m | +9.6% |
| Fixed assets | 21/28 | €92,567 | €65,878 | -€26,689 | -28.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €92,567 | €65,878 | -€26,689 | -28.8% |
| Plant, machinery and equipment | 23 | €92,567 | €65,878 | -€26,689 | -28.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €27,401,234 | €30,063,352 | +€2.7m | +9.7% |
| Amounts receivable after more than one year | 29 | €14,956,149 | €0 | -€15.0m | -100% |
| Other amounts receivable | 291 | €14,956,149 | €0 | -€15.0m | -100% |
| Stocks and contracts in progress | 3 | €127,255 | €109,850 | -€17,405 | -13.7% |
| Stocks | 30/36 | €127,255 | €109,850 | -€17,405 | -13.7% |
| Raw materials and consumables | 30/31 | €22,321 | €21,099 | -€1,222 | -5.5% |
| Finished goods | 33 | €0 | - | = | |
| Goods purchased for resale | 34 | €104,934 | €88,751 | -€16,183 | -15.4% |
| Amounts receivable within one year | 40/41 | €7,177,158 | €19,416,135 | +€12.2m | +171% |
| Trade receivables | 40 | €7,007,193 | €4,469,684 | -€2.5m | -36.2% |
| Other amounts receivable | 41 | €169,965 | €14,946,451 | +€14.8m | +8,694% |
| Current investments | 50/53 | €5,119,916 | €10,516,122 | +€5.4m | +105% |
| Other investments | 51/53 | €5,119,916 | €10,516,122 | +€5.4m | +105% |
| Deferred charges and accrued income | 490/1 | €20,756 | €21,245 | +€489 | +2.4% |
| Total equity and liabilities | 10/49 | €27,493,801 | €30,129,230 | +€2.6m | +9.6% |
| Equity | 10/15 | €16,888,922 | €2,760,505 | -€14.1m | -83.7% |
| Contributions | 10/11 | €56,108 | €56,108 | = | 0.0% |
| Reserves | 13 | €5,611 | €5,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,611 | €5,611 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,611 | €5,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,827,203 | €2,698,786 | -€14.1m | -84.0% |
| Provisions and deferred taxes | 16 | €998 | €0 | -€998 | -100% |
| Provisions for liabilities and charges | 160/5 | €998 | €0 | -€998 | -100% |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €998 | €0 | -€998 | -100% |
| Amounts payable | 17/49 | €10,603,881 | €27,368,725 | +€16.8m | +158% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,583,650 | €27,363,077 | +€16.8m | +159% |
| Trade debts | 44 | €2,787,840 | €3,223,828 | +€435,988 | +15.6% |
| Suppliers | 440/4 | €2,787,840 | €3,223,828 | +€435,988 | +15.6% |
| Taxes, remuneration and social security | 45 | €3,585,822 | €2,562,737 | -€1.0m | -28.5% |
| Taxes | 450/3 | €2,503,443 | €1,561,262 | -€942,181 | -37.6% |
| Remuneration and social security | 454/9 | €1,082,379 | €1,001,475 | -€80,904 | -7.5% |
| Other amounts payable | 47/48 | €4,209,988 | €21,576,512 | +€17.4m | +413% |
| Accrued charges and deferred income | 492/3 | €20,231 | €5,648 | -€14,583 | -72.1% |
| Operating income | 70/76A | €15,815,309 | €14,357,374 | -€1.5m | -9.2% |
| Turnover | 70 | €14,986,038 | €14,316,996 | -€669,042 | -4.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €783,003 | €0 | -€783,003 | -100% |
| Other operating income | 74 | €10,413 | €40,378 | +€29,965 | +288% |
| Non-recurring operating income | 76A | €35,855 | €0 | -€35,855 | -100% |
| Operating charges | 60/66A | €12,723,075 | €12,406,359 | -€316,716 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €1,445,776 | €460,857 | -€984,919 | -68.1% |
| Purchases | 600/8 | €541,234 | €432,026 | -€109,208 | -20.2% |
| Change in stocks: decrease (increase) | 609 | €904,542 | €28,831 | -€875,711 | -96.8% |
| Services and other goods | 61 | €3,782,590 | €4,222,659 | +€440,069 | +11.6% |
| Remuneration, social security and pensions | 62 | €6,532,993 | €5,561,788 | -€971,205 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,816 | €46,760 | -€25,056 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,030 | -€11,426 | -€2,396 | -26.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,427,428 | -€998 | +€1.4m | +99.9% |
| Other operating charges | 640/8 | €2,326,358 | €2,126,719 | -€199,639 | -8.6% |
| Operating profit (loss) | 9901 | €3,092,234 | €1,951,015 | -€1.1m | -36.9% |
| Financial income | 75/76B | €951,428 | €647,799 | -€303,629 | -31.9% |
| Recurring financial income | 75 | €951,428 | €647,799 | -€303,629 | -31.9% |
| Income from current assets | 751 | €950,162 | €646,653 | -€303,509 | -31.9% |
| Other financial income | 752/9 | €1,266 | €1,146 | -€120 | -9.5% |
| Financial charges | 65/66B | €60,419 | €67,971 | +€7,552 | +12.5% |
| Recurring financial charges | 65 | €60,419 | €67,971 | +€7,552 | +12.5% |
| Debt charges | 650 | €40,421 | €50,072 | +€9,651 | +23.9% |
| Other financial charges | 652/9 | €19,998 | €17,899 | -€2,099 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €3,983,243 | €2,530,843 | -€1.5m | -36.5% |
| Income taxes | 67/77 | €1,201,034 | €659,260 | -€541,774 | -45.1% |
| Taxes | 670/3 | €1,201,034 | €661,336 | -€539,698 | -44.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €2,076 | +€2,076 | |
| Profit (loss) for the period | 9904 | €2,782,209 | €1,871,583 | -€910,626 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,782,209 | €1,871,583 | -€910,626 | -32.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.