Cel-Pro-Phar: 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.
Cel-Pro-Phar
Largest movements
- Cash +€74,758
up €74,758 (+107.7%), from €69,412 to €144,170
mainly Net result for the year (+€66,912) and Debts after one year (+€17,973)
- Tangible fixed assets +€25,012
up €25,012 (+17.4%), from €144,084 to €169,096
of which Leasing and similar rights: +€41,159
- Stocks and contracts +€5,482
up €5,482 (+34.8%), from €15,747 to €21,229
- Receivables within one year +€4,954
up €4,954 (+9.3%), from €53,152 to €58,106
of which Trade receivables: +€4,887
- Reserves +€66,912
up €66,912 (+49.0%), from €136,551 to €203,463
of which Distributable reserves: +€66,912
- Debts after one year +€17,973
new in 2025: €17,973
- Tax, wage and social debts +€12,939
up €12,939 (+153.4%), from €8,437 to €21,376
of which Taxes: +€12,297
- Current portion of long-term debt +€9,846
new in 2025: €9,846
- Trade debts +€4,910
up €4,910 (+336.8%), from €1,458 to €6,368
- Gross operating margin +€85,378
up €85,378 (+84.8%), from €100,652 to €186,030
- Taxes +€20,184
up €20,184 (+3686.7%), from €547 to €20,732
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 | €289,560 | €400,740 | +€111,180 | +38.4% |
| Fixed assets | 21/28 | €144,084 | €169,096 | +€25,012 | +17.4% |
| Tangible fixed assets | 22/27 | €144,084 | €169,096 | +€25,012 | +17.4% |
| Land and buildings | 22 | €92,886 | €92,886 | = | 0.0% |
| Plant, machinery and equipment | 23 | €35,695 | €27,254 | -€8,441 | -23.6% |
| Furniture and vehicles | 24 | €8,567 | €2,166 | -€6,401 | -74.7% |
| Leasing and similar rights | 25 | - | €41,159 | +€41,159 | |
| Other tangible fixed assets | 26 | €6,936 | €5,631 | -€1,305 | -18.8% |
| Current assets | 29/58 | €145,476 | €231,644 | +€86,168 | +59.2% |
| Stocks and contracts in progress | 3 | €15,747 | €21,229 | +€5,482 | +34.8% |
| Stocks | 30/36 | €15,747 | €21,229 | +€5,482 | +34.8% |
| Amounts receivable within one year | 40/41 | €53,152 | €58,106 | +€4,954 | +9.3% |
| Trade receivables | 40 | €53,152 | €58,039 | +€4,887 | +9.2% |
| Other amounts receivable | 41 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €69,412 | €144,170 | +€74,758 | +107.7% |
| Deferred charges and accrued income | 490/1 | €7,165 | €8,139 | +€974 | +13.6% |
| Total equity and liabilities | 10/49 | €289,560 | €400,740 | +€111,180 | +38.4% |
| Equity | 10/15 | €263,031 | €329,943 | +€66,912 | +25.4% |
| Contributions | 10/11 | €126,480 | €126,480 | = | 0.0% |
| Capital | 10 | €126,480 | €126,480 | = | 0.0% |
| Issued capital | 100 | €126,480 | €126,480 | = | 0.0% |
| Reserves | 13 | €136,551 | €203,463 | +€66,912 | +49.0% |
| Non-distributable reserves | 130/1 | €12,648 | €12,648 | = | 0.0% |
| Legal reserve | 130 | €12,648 | €12,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,194 | €9,194 | = | 0.0% |
| Distributable reserves | 133 | €114,709 | €181,621 | +€66,912 | +58.3% |
| Amounts payable | 17/49 | €26,530 | €70,797 | +€44,267 | +166.9% |
| Amounts payable after more than one year | 17 | - | €17,973 | +€17,973 | |
| Financial debts | 170/4 | - | €17,973 | +€17,973 | |
| Amounts payable within one year | 42/48 | €24,520 | €51,708 | +€27,188 | +110.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,846 | +€9,846 | |
| Trade debts | 44 | €1,458 | €6,368 | +€4,910 | +336.8% |
| Suppliers | 440/4 | €1,458 | €6,368 | +€4,910 | +336.8% |
| Taxes, remuneration and social security | 45 | €8,437 | €21,376 | +€12,939 | +153.4% |
| Taxes | 450/3 | €3,884 | €16,181 | +€12,297 | +316.6% |
| Remuneration and social security | 454/9 | €4,552 | €5,195 | +€642 | +14.1% |
| Other amounts payable | 47/48 | €14,626 | €14,118 | -€508 | -3.5% |
| Accrued charges and deferred income | 492/3 | €2,009 | €1,116 | -€894 | -44.5% |
| Remuneration, social security and pensions | 62 | €67,462 | €67,190 | -€272 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,672 | €14,547 | +€875 | +6.4% |
| Other operating charges | 640/8 | €13,244 | €14,948 | +€1,703 | +12.9% |
| Gross operating margin | 9900 | €100,652 | €186,030 | +€85,378 | +84.8% |
| Operating profit (loss) | 9901 | €6,274 | €89,346 | +€83,072 | +1324.0% |
| Financial income | 75/76B | €3 | €159 | +€156 | +5184.7% |
| Recurring financial income | 75 | €3 | €159 | +€156 | +5184.7% |
| Financial charges | 65/66B | €2,380 | €1,860 | -€520 | -21.8% |
| Recurring financial charges | 65 | €2,380 | €1,860 | -€520 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €3,897 | €87,644 | +€83,747 | +2148.8% |
| Income taxes | 67/77 | €547 | €20,732 | +€20,184 | +3686.7% |
| Profit (loss) for the period | 9904 | €3,350 | €66,912 | +€63,562 | +1897.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,350 | €66,912 | +€63,562 | +1897.4% |
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 12 October 2026 via checked.be.