D'HAEN PHARMA: 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.
D'HAEN PHARMA
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€17,987
up €17,987 (+102%), from €17,599 to €35,586
mainly Net result for the year (+€168,149) and Tax, wage and social debts (+€16,775)
- Reserves +€168,149
up €168,149 (+62.5%), from €269,253 to €437,402
- Other debts -€69,262
down €69,262 (-80.5%), from €86,038 to €16,776
- Debts after one year -€44,758
down €44,758 (-9.3%), from €480,191 to €435,432
- Tax, wage and social debts +€16,775
up €16,775 (+140%), from €11,954 to €28,728
- Financial income +€100,000
up €100,000 (+99,999,900%), from €0 to €100,000
- Taxes +€10,593
up €10,593 (+36.9%), from €28,707 to €39,301
- Financial charges -€3,141
down €3,141 (-14.4%), from €21,884 to €18,743
- Gross operating margin +€2,984
up €2,984 (+2.4%), from €125,113 to €128,097
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 | €919,617 | €987,565 | +€67,948 | +7.4% |
| Fixed assets | 21/28 | €865,639 | €865,639 | = | 0.0% |
| Financial fixed assets | 28 | €865,639 | €865,639 | = | 0.0% |
| Current assets | 29/58 | €53,978 | €121,927 | +€67,948 | +126% |
| Amounts receivable within one year | 40/41 | €35,157 | €34,304 | -€854 | -2.4% |
| Trade receivables | 40 | €35,157 | €34,304 | -€854 | -2.4% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €17,599 | €35,586 | +€17,987 | +102% |
| Deferred charges and accrued income | 490/1 | €1,222 | €2,037 | +€816 | +66.8% |
| Total equity and liabilities | 10/49 | €919,617 | €987,565 | +€67,948 | +7.4% |
| Equity | 10/15 | €271,253 | €439,402 | +€168,149 | +62.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €269,253 | €437,402 | +€168,149 | +62.5% |
| Distributable reserves | 133 | €269,253 | €437,402 | +€168,149 | +62.5% |
| Amounts payable | 17/49 | €648,364 | €548,163 | -€100,200 | -15.5% |
| Amounts payable after more than one year | 17 | €480,191 | €435,432 | -€44,758 | -9.3% |
| Financial debts | 170/4 | €480,191 | €435,432 | -€44,758 | -9.3% |
| Amounts payable within one year | 42/48 | €144,382 | €91,644 | -€52,737 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €44,260 | €44,758 | +€498 | +1.1% |
| Trade debts | 44 | €2,130 | €1,381 | -€749 | -35.2% |
| Suppliers | 440/4 | €2,130 | €1,381 | -€749 | -35.2% |
| Taxes, remuneration and social security | 45 | €11,954 | €28,728 | +€16,775 | +140% |
| Taxes | 450/3 | €11,954 | €28,728 | +€16,775 | +140% |
| Other amounts payable | 47/48 | €86,038 | €16,776 | -€69,262 | -80.5% |
| Accrued charges and deferred income | 492/3 | €23,791 | €21,087 | -€2,704 | -11.4% |
| Other operating charges | 640/8 | €1,998 | €1,904 | -€93 | -4.7% |
| Gross operating margin | 9900 | €125,113 | €128,097 | +€2,984 | +2.4% |
| Operating profit (loss) | 9901 | €123,115 | €126,192 | +€3,077 | +2.5% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +99,999,900% |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | +99,999,900% |
| Financial charges | 65/66B | €21,884 | €18,743 | -€3,141 | -14.4% |
| Recurring financial charges | 65 | €21,884 | €18,743 | -€3,141 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €101,232 | €207,450 | +€106,218 | +105% |
| Income taxes | 67/77 | €28,707 | €39,301 | +€10,593 | +36.9% |
| Profit (loss) for the period | 9904 | €72,524 | €168,149 | +€95,625 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €72,524 | €168,149 | +€95,625 | +132% |
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 21 October 2026 via checked.be.