BAYART HENSIES: what changed
What changed
BAYART HENSIES
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€4,378
2024 · €70,562-€66,184
Equity
€84,940
2024 · €80,562+€4,378
Cash
€141,362
2024 · €171,289-€29,927
Balance sheet total
€1.1m
2024 · €1.2m-€101,068
Largest movements
Assets
- Intangible fixed assets -€64,262
down €64,262 (-10.0%), from €642,183 to €577,922
- Cash -€29,927
down €29,927 (-17.5%), from €171,289 to €141,362
mainly Debts after one year (-€68,234) and Other debts (-€24,931)
Equity and liabilities
- Debts after one year -€68,234
down €68,234 (-10.3%), from €663,439 to €595,206
- Other debts -€24,931
down €24,931 (-8.7%), from €286,431 to €261,500
- Tax, wage and social debts -€12,758
down €12,758 (-24.5%), from €52,116 to €39,358
of which Remuneration and social security: -€14,020
Income statement
- Gross operating margin -€69,921
down €69,921 (-15.5%), from €452,155 to €382,234
- Depreciation +€28,532
up €28,532 (+67.1%), from €42,525 to €71,056
- Financial charges -€12,379
down €12,379 (-32.8%), from €37,788 to €25,409
- Staff costs -€10,927
down €10,927 (-4.0%), from €272,887 to €261,961
- Taxes -€7,365
down €7,365 (-28.4%), from €25,941 to €18,576
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
€70,562
Gross operating margin
-€69,921
Staff costs
+€10,927
Depreciation
-€28,532
Other operating charges
+€1,248
Financial income
+€350
Financial charges
+€12,379
Taxes
+€7,365
Result 2025
€4,378
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
+€35,937
Investment
€0
Financing
-€65,864
Cash 2024
€171,289
From operations (derived)
+€35,937
Net result for the year
+€4,378
Depreciation
+€71,056
Stocks and contracts
+€7,109
Receivables within one year
-€7,557
Deferred charges and accrued income
+€533
Trade debts
-€1,849
Tax, wage and social debts
-€12,758
Other debts
-€24,931
Accrued charges and deferred income
-€43
Financing
-€65,864
Debts after one year
-€68,234
Current portion of long-term debt
+€2,369
Cash 2025
€141,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,245,952 | €1,144,884 | -€101,068 | -8.1% |
| Fixed assets | 21/28 | €829,924 | €758,868 | -€71,056 | -8.6% |
| Intangible fixed assets | 21 | €642,183 | €577,922 | -€64,262 | -10.0% |
| Tangible fixed assets | 22/27 | €186,879 | €180,085 | -€6,795 | -3.6% |
| Land and buildings | 22 | €183,058 | €177,305 | -€5,752 | -3.1% |
| Furniture and vehicles | 24 | €2,629 | €1,912 | -€717 | -27.3% |
| Other tangible fixed assets | 26 | €1,193 | €868 | -€325 | -27.3% |
| Financial fixed assets | 28 | €862 | €862 | = | 0.0% |
| Current assets | 29/58 | €416,027 | €386,016 | -€30,011 | -7.2% |
| Stocks and contracts in progress | 3 | €139,346 | €132,237 | -€7,109 | -5.1% |
| Stocks | 30/36 | €139,346 | €132,237 | -€7,109 | -5.1% |
| Amounts receivable within one year | 40/41 | €103,277 | €110,835 | +€7,557 | +7.3% |
| Trade receivables | 40 | €77,563 | €97,454 | +€19,890 | +25.6% |
| Other amounts receivable | 41 | €25,714 | €13,381 | -€12,333 | -48.0% |
| Cash at bank and in hand | 54/58 | €171,289 | €141,362 | -€29,927 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,115 | €1,583 | -€533 | -25.2% |
| Total equity and liabilities | 10/49 | €1,245,952 | €1,144,884 | -€101,068 | -8.1% |
| Equity | 10/15 | €80,562 | €84,940 | +€4,378 | +5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €74,000 | +€4,000 | +5.7% |
| Distributable reserves | 133 | €70,000 | €74,000 | +€4,000 | +5.7% |
| Profit (loss) carried forward | 14 | €562 | €940 | +€378 | +67.3% |
| Amounts payable | 17/49 | €1,165,390 | €1,059,944 | -€105,446 | -9.0% |
| Amounts payable after more than one year | 17 | €663,439 | €595,206 | -€68,234 | -10.3% |
| Financial debts | 170/4 | €663,439 | €595,206 | -€68,234 | -10.3% |
| Amounts payable within one year | 42/48 | €501,908 | €464,738 | -€37,170 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €65,864 | €68,234 | +€2,369 | +3.6% |
| Trade debts | 44 | €97,497 | €95,647 | -€1,849 | -1.9% |
| Suppliers | 440/4 | €97,497 | €95,647 | -€1,849 | -1.9% |
| Taxes, remuneration and social security | 45 | €52,116 | €39,358 | -€12,758 | -24.5% |
| Taxes | 450/3 | €10,739 | €12,001 | +€1,262 | +11.7% |
| Remuneration and social security | 454/9 | €41,377 | €27,357 | -€14,020 | -33.9% |
| Other amounts payable | 47/48 | €286,431 | €261,500 | -€24,931 | -8.7% |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Remuneration, social security and pensions | 62 | €272,887 | €261,961 | -€10,927 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,525 | €71,056 | +€28,532 | +67.1% |
| Other operating charges | 640/8 | €2,470 | €1,222 | -€1,248 | -50.5% |
| Gross operating margin | 9900 | €452,155 | €382,234 | -€69,921 | -15.5% |
| Operating profit (loss) | 9901 | €134,273 | €47,995 | -€86,278 | -64.3% |
| Financial income | 75/76B | €17 | €368 | +€350 | +2,015% |
| Recurring financial income | 75 | €17 | €368 | +€350 | +2,015% |
| Financial charges | 65/66B | €37,788 | €25,409 | -€12,379 | -32.8% |
| Recurring financial charges | 65 | €37,788 | €25,409 | -€12,379 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €96,503 | €22,954 | -€73,549 | -76.2% |
| Income taxes | 67/77 | €25,941 | €18,576 | -€7,365 | -28.4% |
| Profit (loss) for the period | 9904 | €70,562 | €4,378 | -€66,184 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,562 | €4,378 | -€66,184 | -93.8% |
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.