CASSIFARMA: 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.
CASSIFARMA
Largest movements
- Cash -€15,854
down €15,854 (-68.7%), from €23,089 to €7,235
mainly Debts after one year (-€49,743) and Trade debts (-€21,907)
- Receivables within one year +€13,628
up €13,628 (+23.1%), from €59,021 to €72,649
of which Other amounts receivable: +€39,038
- Reserves +€65,490
up €65,490 (+22.3%), from €293,305 to €358,795
- Debts after one year -€49,743
down €49,743 (-11.2%), from €445,085 to €395,342
- Trade debts -€21,907
down €21,907 (-96.8%), from €22,621 to €713
- Gross operating margin +€12,213
up €12,213 (+11.9%), from €102,486 to €114,699
- Taxes +€5,099
up €5,099 (+19.3%), from €26,375 to €31,474
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,614 | €942,826 | -€2,788 | -0.3% |
| Fixed assets | 21/28 | €862,692 | €862,098 | -€594 | -0.1% |
| Tangible fixed assets | 22/27 | €2,084 | €1,490 | -€594 | -28.5% |
| Furniture and vehicles | 24 | €2,084 | €1,490 | -€594 | -28.5% |
| Financial fixed assets | 28 | €860,608 | €860,608 | = | 0.0% |
| Current assets | 29/58 | €82,922 | €80,728 | -€2,194 | -2.6% |
| Amounts receivable within one year | 40/41 | €59,021 | €72,649 | +€13,628 | +23.1% |
| Trade receivables | 40 | €38,115 | €12,705 | -€25,410 | -66.7% |
| Other amounts receivable | 41 | €20,906 | €59,944 | +€39,038 | +187% |
| Cash at bank and in hand | 54/58 | €23,089 | €7,235 | -€15,854 | -68.7% |
| Deferred charges and accrued income | 490/1 | €812 | €843 | +€32 | +3.9% |
| Total equity and liabilities | 10/49 | €945,614 | €942,826 | -€2,788 | -0.3% |
| Equity | 10/15 | €333,305 | €398,795 | +€65,490 | +19.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €293,305 | €358,795 | +€65,490 | +22.3% |
| Distributable reserves | 133 | €293,305 | €358,795 | +€65,490 | +22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €612,309 | €544,031 | -€68,278 | -11.2% |
| Amounts payable after more than one year | 17 | €445,085 | €395,342 | -€49,743 | -11.2% |
| Financial debts | 170/4 | €445,085 | €395,342 | -€49,743 | -11.2% |
| Amounts payable within one year | 42/48 | €165,299 | €146,680 | -€18,619 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €49,074 | €49,743 | +€669 | +1.4% |
| Trade debts | 44 | €22,621 | €713 | -€21,907 | -96.8% |
| Suppliers | 440/4 | €22,621 | €713 | -€21,907 | -96.8% |
| Taxes, remuneration and social security | 45 | €8,967 | €11,585 | +€2,618 | +29.2% |
| Taxes | 450/3 | €6,039 | €11,585 | +€5,546 | +91.8% |
| Remuneration and social security | 454/9 | €2,928 | €0 | -€2,928 | -100% |
| Other amounts payable | 47/48 | €84,637 | €84,639 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,925 | €2,009 | +€84 | +4.4% |
| Non-recurring operating income | 76A | €10,697 | €0 | -€10,697 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €594 | = | 0.0% |
| Other operating charges | 640/8 | €1,037 | €998 | -€38 | -3.7% |
| Gross operating margin | 9900 | €102,486 | €114,699 | +€12,213 | +11.9% |
| Operating profit (loss) | 9901 | €100,856 | €113,106 | +€12,251 | +12.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €16,197 | €15,310 | -€888 | -5.5% |
| Recurring financial charges | 65 | €16,197 | €15,310 | -€888 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €84,658 | €97,797 | +€13,138 | +15.5% |
| Income taxes | 67/77 | €26,375 | €31,474 | +€5,099 | +19.3% |
| Profit (loss) for the period | 9904 | €58,284 | €66,323 | +€8,039 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,284 | €66,323 | +€8,039 | +13.8% |
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 15 October 2026 via checked.be.