DEL PHARMA: 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.
DEL PHARMA
Largest movements
- Receivables within one year +€6,570
up €6,570 (+40.7%), from €16,124 to €22,694
of which Other amounts receivable: +€5,448
- Tangible fixed assets -€6,431
down €6,431 (-39.0%), from €16,506 to €10,074
- Deferred charges and accrued income +€2,034
new in 2025: €2,034
- Cash +€1,455
up €1,455 (+212.3%), from €686 to €2,141
mainly Depreciation (+€7,613) and Net result for the year (+€5,967)
- Debts after one year -€5,982
no longer reported in 2025 (was €5,982)
- Reserves +€5,967
up €5,967 (+41.2%), from €14,500 to €20,467
- Tax, wage and social debts +€4,722
up €4,722 (+49.7%), from €9,501 to €14,224
of which Taxes: +€2,572
- Current portion of long-term debt -€1,509
down €1,509 (-20.1%), from €7,491 to €5,982
- Gross operating margin +€5,266
up €5,266 (+37.9%), from €13,908 to €19,174
- Taxes +€1,382
up €1,382 (+43.3%), from €3,189 to €4,571
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 | €33,315 | €36,943 | +€3,628 | +10.9% |
| Fixed assets | 21/28 | €16,506 | €10,074 | -€6,431 | -39.0% |
| Tangible fixed assets | 22/27 | €16,506 | €10,074 | -€6,431 | -39.0% |
| Furniture and vehicles | 24 | €16,506 | €10,074 | -€6,431 | -39.0% |
| Current assets | 29/58 | €16,810 | €26,869 | +€10,059 | +59.8% |
| Amounts receivable within one year | 40/41 | €16,124 | €22,694 | +€6,570 | +40.7% |
| Trade receivables | 40 | €9,154 | €10,276 | +€1,122 | +12.3% |
| Other amounts receivable | 41 | €6,970 | €12,418 | +€5,448 | +78.2% |
| Cash at bank and in hand | 54/58 | €686 | €2,141 | +€1,455 | +212.3% |
| Deferred charges and accrued income | 490/1 | - | €2,034 | +€2,034 | |
| Total equity and liabilities | 10/49 | €33,315 | €36,943 | +€3,628 | +10.9% |
| Equity | 10/15 | €10,340 | €16,307 | +€5,967 | +57.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,500 | €20,467 | +€5,967 | +41.2% |
| Non-distributable reserves | 130/1 | €14,500 | €20,467 | +€5,967 | +41.2% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Other | 1319 | €14,000 | €19,967 | +€5,967 | +42.6% |
| Profit (loss) carried forward | 14 | -€9,160 | -€9,160 | = | 0.0% |
| Amounts payable | 17/49 | €22,975 | €20,636 | -€2,339 | -10.2% |
| Amounts payable after more than one year | 17 | €5,982 | - | -€5,982 | |
| Financial debts | 170/4 | €5,982 | - | -€5,982 | |
| Amounts payable within one year | 42/48 | €16,993 | €20,386 | +€3,393 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €7,491 | €5,982 | -€1,509 | -20.1% |
| Trade debts | 44 | - | €180 | +€180 | |
| Suppliers | 440/4 | - | €180 | +€180 | |
| Taxes, remuneration and social security | 45 | €9,501 | €14,224 | +€4,722 | +49.7% |
| Taxes | 450/3 | €9,501 | €12,074 | +€2,572 | +27.1% |
| Remuneration and social security | 454/9 | - | €2,150 | +€2,150 | |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,601 | €7,613 | +€13 | +0.2% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €13,908 | €19,174 | +€5,266 | +37.9% |
| Operating profit (loss) | 9901 | €5,743 | €10,897 | +€5,154 | +89.7% |
| Financial charges | 65/66B | €435 | €359 | -€76 | -17.4% |
| Recurring financial charges | 65 | €435 | €359 | -€76 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €5,308 | €10,538 | +€5,230 | +98.5% |
| Income taxes | 67/77 | €3,189 | €4,571 | +€1,382 | +43.3% |
| Profit (loss) for the period | 9904 | €2,119 | €5,967 | +€3,848 | +181.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,119 | €5,967 | +€3,848 | +181.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.