BOIRON: what changed
Two financial 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
BOIRON
NACE 21.209, Manufacture of basic pharmaceutical products and pharmaceutical preparations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€438,419
2024 · €146,111+€292,308
Equity
€6.6m
2024 · €6.2m+€438,419
Cash
€6
2024 · €4,299-€4,293
Balance sheet total
€9.2m
2024 · €8.2m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+18.2%), from €5.5m to €6.5m
of which Other amounts receivable: +€756,757
Equity and liabilities
- Profit (loss) carried forward +€438,419
up €438,419 (+9.0%), from -€4.9m to -€4.4m
- Trade debts +€247,195
up €247,195 (+20.9%), from €1.2m to €1.4m
- Tax, wage and social debts +€150,677
up €150,677 (+17.0%), from €886,820 to €1.0m
of which Remuneration and social security: +€201,039
- Accrued charges and deferred income +€100,047
new in 2025: €100,047
Income statement
- Goods and materials -€297,248
down €297,248 (-9.1%), from €3.3m to €3.0m
of which Purchases: -€242,184
- Services and other goods -€217,533
down €217,533 (-6.0%), from €3.6m to €3.4m
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.
Result 2024
€146,111
Turnover
-€37,840
Other operating income
-€38,528
Goods and materials
+€297,248
Services and other goods
+€217,533
Staff costs
+€35,027
Depreciation
+€32,054
Write-downs
+€4,868
Provisions
+€295
Other operating charges
-€37,579
Other operating items
-€56,156
Financial income
-€42,758
Financial charges
-€6,296
Taxes
-€75,558
Result 2025
€438,419
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€196,375
Investment
-€200,668
Financing
€0
Cash 2024
€4,299
From operations (derived)
+€196,375
Net result for the year
+€438,419
Depreciation
+€186,286
Stocks and contracts
+€15,124
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€25,644
Provisions
-€3,536
Trade debts
+€247,195
Tax, wage and social debts
+€150,677
Other debts
+€88,079
Accrued charges and deferred income
+€100,047
Investment (derived)
-€200,668
Investment in fixed assets (net)
-€200,668
Cash 2025
€6
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,226,207 | €9,247,088 | +€1.0m | +12.4% |
| Fixed assets | 21/28 | €2,296,674 | €2,311,056 | +€14,382 | +0.6% |
| Intangible fixed assets | 21 | €55,538 | €22,215 | -€33,323 | -60.0% |
| Tangible fixed assets | 22/27 | €2,197,001 | €2,234,706 | +€37,705 | +1.7% |
| Land and buildings | 22 | €2,078,683 | €2,137,125 | +€58,442 | +2.8% |
| Plant, machinery and equipment | 23 | €68,544 | €56,898 | -€11,646 | -17.0% |
| Furniture and vehicles | 24 | €3,986 | €9,054 | +€5,068 | +127% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €45,789 | €31,630 | -€14,159 | -30.9% |
| Financial fixed assets | 28 | €44,135 | €54,135 | +€10,000 | +22.7% |
| Other financial fixed assets | 284/8 | €44,135 | €54,135 | +€10,000 | +22.7% |
| Amounts receivable and cash guarantees | 285/8 | €44,135 | €54,135 | +€10,000 | +22.7% |
| Current assets | 29/58 | €5,929,533 | €6,936,032 | +€1.0m | +17.0% |
| Stocks and contracts in progress | 3 | €361,150 | €346,026 | -€15,124 | -4.2% |
| Stocks | 30/36 | €361,150 | €346,026 | -€15,124 | -4.2% |
| Raw materials and consumables | 30/31 | €46,493 | €36,047 | -€10,446 | -22.5% |
| Work in progress | 32 | €220,173 | €210,664 | -€9,509 | -4.3% |
| Finished goods | 33 | - | €0 | = | |
| Goods purchased for resale | 34 | €94,484 | €99,315 | +€4,832 | +5.1% |
| Amounts receivable within one year | 40/41 | €5,495,915 | €6,496,186 | +€1.0m | +18.2% |
| Trade receivables | 40 | €1,461,177 | €1,704,692 | +€243,515 | +16.7% |
| Other amounts receivable | 41 | €4,034,738 | €4,791,494 | +€756,757 | +18.8% |
| Cash at bank and in hand | 54/58 | €4,299 | €6 | -€4,293 | -99.9% |
| Deferred charges and accrued income | 490/1 | €68,169 | €93,813 | +€25,644 | +37.6% |
| Total equity and liabilities | 10/49 | €8,226,207 | €9,247,088 | +€1.0m | +12.4% |
| Equity | 10/15 | €6,151,305 | €6,589,724 | +€438,419 | +7.1% |
| Contributions | 10/11 | €11,018,550 | €11,018,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,867,245 | -€4,428,826 | +€438,419 | +9.0% |
| Provisions and deferred taxes | 16 | €7,898 | €4,362 | -€3,536 | -44.8% |
| Provisions for liabilities and charges | 160/5 | €7,898 | €4,362 | -€3,536 | -44.8% |
| Other liabilities and charges | 164/5 | €7,898 | €4,362 | -€3,536 | -44.8% |
| Amounts payable | 17/49 | €2,067,004 | €2,653,002 | +€585,998 | +28.4% |
| Amounts payable within one year | 42/48 | €2,067,004 | €2,552,956 | +€485,951 | +23.5% |
| Trade debts | 44 | €1,180,184 | €1,427,379 | +€247,195 | +20.9% |
| Suppliers | 440/4 | €1,180,184 | €1,427,379 | +€247,195 | +20.9% |
| Taxes, remuneration and social security | 45 | €886,820 | €1,037,497 | +€150,677 | +17.0% |
| Taxes | 450/3 | €198,811 | €148,449 | -€50,362 | -25.3% |
| Remuneration and social security | 454/9 | €688,009 | €889,048 | +€201,039 | +29.2% |
| Other amounts payable | 47/48 | €0 | €88,080 | +€88,079 | +18,349,860% |
| Accrued charges and deferred income | 492/3 | - | €100,047 | +€100,047 | |
| Operating income | 70/76A | €12,374,904 | €12,282,278 | -€92,627 | -0.7% |
| Turnover | 70 | €12,227,590 | €12,189,750 | -€37,840 | -0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €6,749 | -€9,509 | -€16,259 | |
| Other operating income | 74 | €140,565 | €102,037 | -€38,528 | -27.4% |
| Operating charges | 60/66A | €12,285,730 | €11,776,182 | -€509,547 | -4.1% |
| Goods for resale, raw materials and consumables | 60 | €3,276,293 | €2,979,045 | -€297,248 | -9.1% |
| Purchases | 600/8 | €3,215,614 | €2,973,430 | -€242,184 | -7.5% |
| Change in stocks: decrease (increase) | 609 | €60,678 | €5,614 | -€55,064 | -90.7% |
| Services and other goods | 61 | €3,635,333 | €3,417,800 | -€217,533 | -6.0% |
| Remuneration, social security and pensions | 62 | €5,131,837 | €5,096,810 | -€35,027 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,341 | €186,286 | -€32,054 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,833 | -€34 | -€4,868 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,241 | -€3,536 | -€295 | -9.1% |
| Other operating charges | 640/8 | €22,143 | €59,722 | +€37,579 | +170% |
| Non-recurring operating charges | 66A | €191 | €40,089 | +€39,898 | +20,846% |
| Operating profit (loss) | 9901 | €89,174 | €506,095 | +€416,921 | +468% |
| Financial income | 75/76B | €125,792 | €83,033 | -€42,758 | -34.0% |
| Recurring financial income | 75 | €125,792 | €83,033 | -€42,758 | -34.0% |
| Income from current assets | 751 | €125,534 | €82,681 | -€42,853 | -34.1% |
| Other financial income | 752/9 | €257 | €352 | +€95 | +36.8% |
| Financial charges | 65/66B | €42,755 | €49,052 | +€6,296 | +14.7% |
| Recurring financial charges | 65 | €42,755 | €49,052 | +€6,296 | +14.7% |
| Debt charges | 650 | €35,798 | €42,035 | +€6,237 | +17.4% |
| Other financial charges | 652/9 | €6,958 | €7,017 | +€59 | +0.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €172,211 | €540,077 | +€367,866 | +214% |
| Income taxes | 67/77 | €26,100 | €101,658 | +€75,558 | +289% |
| Taxes | 670/3 | €26,100 | €101,658 | +€75,558 | +289% |
| Profit (loss) for the period | 9904 | €146,111 | €438,419 | +€292,308 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €146,111 | €438,419 | +€292,308 | +200% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.