BLR Pharma: 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.
BLR Pharma
Largest movements
- Cash +€12,050
up €12,050 (+141.9%), from €8,491 to €20,541
mainly Depreciation (+€18,172) and Tax, wage and social debts (+€8,249)
- Tangible fixed assets -€5,909
down €5,909 (-20.9%), from €28,301 to €22,392
of which Furniture and vehicles: -€16,210
- Receivables within one year +€4,496
up €4,496 (+19.7%), from €22,864 to €27,360
- Deferred charges and accrued income -€1,796
no longer reported in 2025 (was €1,796)
- Debts after one year -€8,807
down €8,807 (-35.4%), from €24,844 to €16,037
- Tax, wage and social debts +€8,249
up €8,249 (+94.6%), from €8,723 to €16,972
- Profit (loss) carried forward +€6,604
up €6,604 (+45.2%), from €14,606 to €21,210
- Other debts +€4,177
up €4,177 (+1041.2%), from €401 to €4,579
- Trade debts -€1,633
down €1,633 (-70.3%), from €2,322 to €689
- Depreciation +€14,053
up €14,053 (+341.2%), from €4,119 to €18,172
- Gross operating margin +€4,974
up €4,974 (+18.9%), from €26,326 to €31,300
- Other operating charges -€1,579
down €1,579 (-59.6%), from €2,650 to €1,071
- Financial charges +€634
up €634 (+234.5%), from €270 to €904
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 | €61,451 | €70,293 | +€8,842 | +14.4% |
| Fixed assets | 21/28 | €28,301 | €22,392 | -€5,909 | -20.9% |
| Tangible fixed assets | 22/27 | €28,301 | €22,392 | -€5,909 | -20.9% |
| Furniture and vehicles | 24 | €28,301 | €12,091 | -€16,210 | -57.3% |
| Other tangible fixed assets | 26 | - | €10,301 | +€10,301 | |
| Current assets | 29/58 | €33,150 | €47,901 | +€14,751 | +44.5% |
| Amounts receivable within one year | 40/41 | €22,864 | €27,360 | +€4,496 | +19.7% |
| Trade receivables | 40 | €22,864 | €27,360 | +€4,496 | +19.7% |
| Cash at bank and in hand | 54/58 | €8,491 | €20,541 | +€12,050 | +141.9% |
| Deferred charges and accrued income | 490/1 | €1,796 | - | -€1,796 | |
| Total equity and liabilities | 10/49 | €61,451 | €70,293 | +€8,842 | +14.4% |
| Equity | 10/15 | €16,606 | €23,210 | +€6,604 | +39.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,606 | €21,210 | +€6,604 | +45.2% |
| Amounts payable | 17/49 | €44,845 | €47,084 | +€2,238 | +5.0% |
| Amounts payable after more than one year | 17 | €24,844 | €16,037 | -€8,807 | -35.4% |
| Financial debts | 170/4 | €24,844 | €16,037 | -€8,807 | -35.4% |
| Amounts payable within one year | 42/48 | €20,001 | €31,046 | +€11,045 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €8,556 | €8,807 | +€251 | +2.9% |
| Trade debts | 44 | €2,322 | €689 | -€1,633 | -70.3% |
| Suppliers | 440/4 | €2,322 | €689 | -€1,633 | -70.3% |
| Taxes, remuneration and social security | 45 | €8,723 | €16,972 | +€8,249 | +94.6% |
| Taxes | 450/3 | €8,723 | €16,972 | +€8,249 | +94.6% |
| Other amounts payable | 47/48 | €401 | €4,579 | +€4,177 | +1041.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,119 | €18,172 | +€14,053 | +341.2% |
| Other operating charges | 640/8 | €2,650 | €1,071 | -€1,579 | -59.6% |
| Gross operating margin | 9900 | €26,326 | €31,300 | +€4,974 | +18.9% |
| Operating profit (loss) | 9901 | €19,557 | €12,057 | -€7,500 | -38.3% |
| Financial income | 75/76B | €0 | €35 | +€35 | +345400.0% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +345400.0% |
| Financial charges | 65/66B | €270 | €904 | +€634 | +234.5% |
| Recurring financial charges | 65 | €270 | €904 | +€634 | +234.5% |
| Profit (loss) for the period before taxes | 9903 | €19,287 | €11,187 | -€8,099 | -42.0% |
| Income taxes | 67/77 | €4,681 | €4,583 | -€98 | -2.1% |
| Profit (loss) for the period | 9904 | €14,606 | €6,604 | -€8,002 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,606 | €6,604 | -€8,002 | -54.8% |
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 8 October 2026 via checked.be.