D5-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.
D5-PHARMA
Largest movements
- Receivables within one year -€150,276
down €150,276 (-19.1%), from €785,694 to €635,418
of which Other amounts receivable: -€254,695
- Deferred charges and accrued income +€41,966
up €41,966 (+118%), from €35,630 to €77,596
- Tangible fixed assets -€35,502
down €35,502 (-6.1%), from €582,265 to €546,763
of which Land and buildings: -€28,001
- Cash +€33,358
up €33,358 (+148%), from €22,604 to €55,962
mainly Receivables within one year (+€150,276) and Depreciation (+€48,736)
- Stocks and contracts -€18,545
down €18,545 (-17.3%), from €107,091 to €88,547
- Profit (loss) carried forward -€98,528
down €98,528 (-47.8%), from €205,953 to €107,425
- Debts after one year -€66,837
down €66,837 (-10.6%), from €632,096 to €565,259
- Other debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Gross operating margin +€91,313
up €91,313 (+43.9%), from €207,944 to €299,257
- Staff costs -€6,714
down €6,714 (-3.5%), from €192,684 to €185,970
- Other operating charges +€6,197
up €6,197 (+211%), from €2,944 to €9,141
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 | €1,626,470 | €1,486,172 | -€140,298 | -8.6% |
| Fixed assets | 21/28 | €675,452 | €628,649 | -€46,802 | -6.9% |
| Intangible fixed assets | 21 | €93,186 | €81,886 | -€11,300 | -12.1% |
| Tangible fixed assets | 22/27 | €582,265 | €546,763 | -€35,502 | -6.1% |
| Land and buildings | 22 | €514,911 | €486,910 | -€28,001 | -5.4% |
| Plant, machinery and equipment | 23 | €65,527 | €57,437 | -€8,090 | -12.3% |
| Furniture and vehicles | 24 | - | €1,718 | +€1,718 | |
| Other tangible fixed assets | 26 | €1,828 | €699 | -€1,129 | -61.8% |
| Current assets | 29/58 | €951,019 | €857,523 | -€93,496 | -9.8% |
| Stocks and contracts in progress | 3 | €107,091 | €88,547 | -€18,545 | -17.3% |
| Stocks | 30/36 | €107,091 | €88,547 | -€18,545 | -17.3% |
| Amounts receivable within one year | 40/41 | €785,694 | €635,418 | -€150,276 | -19.1% |
| Trade receivables | 40 | €85,987 | €190,406 | +€104,419 | +121% |
| Other amounts receivable | 41 | €699,706 | €445,012 | -€254,695 | -36.4% |
| Cash at bank and in hand | 54/58 | €22,604 | €55,962 | +€33,358 | +148% |
| Deferred charges and accrued income | 490/1 | €35,630 | €77,596 | +€41,966 | +118% |
| Total equity and liabilities | 10/49 | €1,626,470 | €1,486,172 | -€140,298 | -8.6% |
| Equity | 10/15 | €214,013 | €115,485 | -€98,528 | -46.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,953 | €107,425 | -€98,528 | -47.8% |
| Amounts payable | 17/49 | €1,412,457 | €1,370,687 | -€41,770 | -3.0% |
| Amounts payable after more than one year | 17 | €632,096 | €565,259 | -€66,837 | -10.6% |
| Financial debts | 170/4 | €632,096 | €565,259 | -€66,837 | -10.6% |
| Amounts payable within one year | 42/48 | €780,361 | €805,428 | +€25,067 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €64,128 | €66,837 | +€2,709 | +4.2% |
| Trade debts | 44 | €575,288 | €588,481 | +€13,194 | +2.3% |
| Suppliers | 440/4 | €575,288 | €588,481 | +€13,194 | +2.3% |
| Taxes, remuneration and social security | 45 | €40,945 | €25,110 | -€15,835 | -38.7% |
| Taxes | 450/3 | €5,009 | €0 | -€5,009 | -100% |
| Remuneration and social security | 454/9 | €35,936 | €25,110 | -€10,826 | -30.1% |
| Other amounts payable | 47/48 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Remuneration, social security and pensions | 62 | €192,684 | €185,970 | -€6,714 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,456 | €48,736 | +€280 | +0.6% |
| Other operating charges | 640/8 | €2,944 | €9,141 | +€6,197 | +211% |
| Gross operating margin | 9900 | €207,944 | €299,257 | +€91,313 | +43.9% |
| Operating profit (loss) | 9901 | -€36,139 | €55,410 | +€91,550 | |
| Financial income | 75/76B | €54 | €0 | -€54 | -99.7% |
| Recurring financial income | 75 | €54 | €0 | -€54 | -99.7% |
| Financial charges | 65/66B | €29,809 | €28,938 | -€870 | -2.9% |
| Recurring financial charges | 65 | €29,809 | €28,938 | -€870 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€65,894 | €26,472 | +€92,366 | |
| Profit (loss) for the period | 9904 | -€65,894 | €26,472 | +€92,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,894 | €26,472 | +€92,366 |
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 19 October 2026 via checked.be.