CEREPHARMA: 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.
CEREPHARMA
Largest movements
- Cash -€48,215
down €48,215 (-20.9%), from €231,047 to €182,832
mainly Other debts (-€91,535) and Investment in fixed assets (net) (-€65,814)
- Tangible fixed assets -€47,090
down €47,090 (-6.7%), from €702,024 to €654,934
of which Plant, machinery and equipment: -€28,398
- Receivables within one year +€44,277
up €44,277 (+13.2%), from €335,207 to €379,484
of which Trade receivables: +€70,999
- Stocks and contracts +€15,769
up €15,769 (+5.9%), from €265,320 to €281,090
- Reserves +€91,805
up €91,805 (+119.5%), from €76,809 to €168,614
- Other debts -€91,535
down €91,535 (-34.6%), from €264,621 to €173,086
- Debts after one year -€58,574
down €58,574 (-26.3%), from €222,927 to €164,353
- Tax, wage and social debts +€43,016
up €43,016 (+141.6%), from €30,385 to €73,402
of which Taxes: +€25,762
- Gross operating margin +€141,953
up €141,953 (+33.0%), from €430,346 to €572,300
- Staff costs +€68,703
up €68,703 (+29.3%), from €234,861 to €303,564
- Taxes +€18,372
up €18,372 (+67.5%), from €27,212 to €45,585
- Depreciation +€15,342
up €15,342 (+15.7%), from €97,562 to €112,903
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 | €1,550,659 | €1,524,415 | -€26,244 | -1.7% |
| Fixed assets | 21/28 | €702,674 | €655,584 | -€47,090 | -6.7% |
| Tangible fixed assets | 22/27 | €702,024 | €654,934 | -€47,090 | -6.7% |
| Land and buildings | 22 | €531,828 | €506,374 | -€25,454 | -4.8% |
| Plant, machinery and equipment | 23 | €140,355 | €111,957 | -€28,398 | -20.2% |
| Furniture and vehicles | 24 | €29,841 | €36,603 | +€6,762 | +22.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €847,985 | €868,831 | +€20,846 | +2.5% |
| Stocks and contracts in progress | 3 | €265,320 | €281,090 | +€15,769 | +5.9% |
| Stocks | 30/36 | €265,320 | €281,090 | +€15,769 | +5.9% |
| Amounts receivable within one year | 40/41 | €335,207 | €379,484 | +€44,277 | +13.2% |
| Trade receivables | 40 | €244,611 | €315,610 | +€70,999 | +29.0% |
| Other amounts receivable | 41 | €90,596 | €63,874 | -€26,722 | -29.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €231,047 | €182,832 | -€48,215 | -20.9% |
| Deferred charges and accrued income | 490/1 | €16,410 | €25,424 | +€9,014 | +54.9% |
| Total equity and liabilities | 10/49 | €1,550,659 | €1,524,415 | -€26,244 | -1.7% |
| Equity | 10/15 | €841,809 | €933,614 | +€91,805 | +10.9% |
| Contributions | 10/11 | €765,000 | €765,000 | = | 0.0% |
| Outside capital | 11 | €765,000 | €765,000 | = | 0.0% |
| Other | 1109/19 | €765,000 | €765,000 | = | 0.0% |
| Reserves | 13 | €76,809 | €168,614 | +€91,805 | +119.5% |
| Distributable reserves | 133 | €76,809 | €168,614 | +€91,805 | +119.5% |
| Amounts payable | 17/49 | €708,850 | €590,801 | -€118,049 | -16.7% |
| Amounts payable after more than one year | 17 | €222,927 | €164,353 | -€58,574 | -26.3% |
| Financial debts | 170/4 | €222,927 | €164,353 | -€58,574 | -26.3% |
| Amounts payable within one year | 42/48 | €485,923 | €426,448 | -€59,475 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €56,110 | €55,574 | -€536 | -1.0% |
| Financial debts | 43 | €10,456 | €10,444 | -€11 | -0.1% |
| Credit institutions | 430/8 | €10,456 | €10,444 | -€11 | -0.1% |
| Trade debts | 44 | €124,351 | €113,942 | -€10,409 | -8.4% |
| Suppliers | 440/4 | €124,351 | €113,942 | -€10,409 | -8.4% |
| Taxes, remuneration and social security | 45 | €30,385 | €73,402 | +€43,016 | +141.6% |
| Taxes | 450/3 | €1,572 | €27,334 | +€25,762 | +1638.6% |
| Remuneration and social security | 454/9 | €28,813 | €46,068 | +€17,255 | +59.9% |
| Other amounts payable | 47/48 | €264,621 | €173,086 | -€91,535 | -34.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €234,861 | €303,564 | +€68,703 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,562 | €112,903 | +€15,342 | +15.7% |
| Other operating charges | 640/8 | €12,708 | €14,420 | +€1,712 | +13.5% |
| Gross operating margin | 9900 | €430,346 | €572,300 | +€141,953 | +33.0% |
| Operating profit (loss) | 9901 | €85,216 | €141,412 | +€56,196 | +65.9% |
| Financial income | 75/76B | €4,511 | €1,295 | -€3,216 | -71.3% |
| Recurring financial income | 75 | €4,511 | €1,295 | -€3,216 | -71.3% |
| Financial charges | 65/66B | €6,226 | €5,318 | -€908 | -14.6% |
| Recurring financial charges | 65 | €6,226 | €5,318 | -€908 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €83,501 | €137,389 | +€53,888 | +64.5% |
| Income taxes | 67/77 | €27,212 | €45,585 | +€18,372 | +67.5% |
| Profit (loss) for the period | 9904 | €56,289 | €91,805 | +€35,516 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,289 | €91,805 | +€35,516 | +63.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.