DEPHARM: 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.
What changed
DEPHARM
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€122,905
2024 · €71,767+€51,138
Equity
€25.3m
2024 · €25.2m+€122,905
Cash
€116,379
2024 · €40,547+€75,832
Balance sheet total
€26.8m
2024 · €26.4m+€398,594
Largest movements
Assets
- Financial fixed assets -€1.5m
down €1.5m (-6.8%), from €22.3m to €20.8m
- Tangible fixed assets +€1.5m
up €1.5m (+10547.7%), from €14,292 to €1.5m
of which Land and buildings: +€1.5m
- Receivables within one year +€798,021
up €798,021 (+56.2%), from €1.4m to €2.2m
of which Trade receivables: +€510,099
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating income +€864,163
up €864,163 (+46.9%), from €1.8m to €2.7m
- Services and other goods +€588,648
up €588,648 (+46.7%), from €1.3m to €1.8m
- Financial income -€247,816
down €247,816 (-97.8%), from €253,310 to €5,494
- Turnover +€78,265
up €78,265 (+6.7%), from €1.2m to €1.2m
- Taxes +€24,747
up €24,747 (+1149.1%), from €2,154 to €26,901
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.
Result 2024
€71,767
Turnover
+€78,265
Other operating income
+€864,163
Services and other goods
-€588,648
Staff costs
+€3,457
Depreciation
-€2,859
Other operating charges
-€20,249
Financial income
-€247,816
Financial charges
-€10,428
Taxes
-€24,747
Result 2025
€122,905
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.
From operations
-€153,231
Investment
+€229,063
Financing
€0
Cash 2024
€40,547
From operations (derived)
-€153,231
Net result for the year
+€122,905
Depreciation
+€222,661
Receivables within one year
-€798,021
Deferred charges and accrued income
+€23,535
Trade debts
+€112,010
Tax, wage and social debts
+€69,543
Other debts
+€94,136
Investment (derived)
+€229,063
Investment in fixed assets (net)
-€20,937
Current investments
+€250,000
Cash 2025
€116,379
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,352,610 | €26,751,203 | +€398,594 | +1.5% |
| Fixed assets | 21/28 | €24,590,070 | €24,388,347 | -€201,724 | -0.8% |
| Intangible fixed assets | 21 | €2,246,300 | €2,047,216 | -€199,084 | -8.9% |
| Tangible fixed assets | 22/27 | €14,292 | €1,521,771 | +€1.5m | +10547.7% |
| Land and buildings | 22 | - | €1,510,119 | +€1.5m | |
| Plant, machinery and equipment | 23 | €14,292 | €11,652 | -€2,640 | -18.5% |
| Financial fixed assets | 28 | €22,329,478 | €20,819,359 | -€1.5m | -6.8% |
| Affiliated companies | 280/1 | €22,329,478 | €20,819,359 | -€1.5m | -6.8% |
| Participating interests | 280 | €22,329,478 | €20,819,359 | -€1.5m | -6.8% |
| Current assets | 29/58 | €1,762,539 | €2,362,857 | +€600,317 | +34.1% |
| Amounts receivable within one year | 40/41 | €1,418,928 | €2,216,949 | +€798,021 | +56.2% |
| Trade receivables | 40 | €1,391,965 | €1,902,064 | +€510,099 | +36.6% |
| Other amounts receivable | 41 | €26,963 | €314,885 | +€287,922 | +1067.8% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Other investments | 51/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €40,547 | €116,379 | +€75,832 | +187.0% |
| Deferred charges and accrued income | 490/1 | €53,064 | €29,529 | -€23,535 | -44.4% |
| Total equity and liabilities | 10/49 | €26,352,610 | €26,751,203 | +€398,594 | +1.5% |
| Equity | 10/15 | €25,178,909 | €25,301,814 | +€122,905 | +0.5% |
| Contributions | 10/11 | €1,516,440 | €1,516,440 | = | 0.0% |
| Reserves | 13 | €571,557 | €571,557 | = | 0.0% |
| Distributable reserves | 133 | €571,557 | €571,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,090,912 | €23,213,817 | +€122,905 | +0.5% |
| Amounts payable | 17/49 | €1,173,700 | €1,449,389 | +€275,689 | +23.5% |
| Amounts payable within one year | 42/48 | €1,173,659 | €1,449,348 | +€275,689 | +23.5% |
| Trade debts | 44 | €332,091 | €444,101 | +€112,010 | +33.7% |
| Suppliers | 440/4 | €332,091 | €444,101 | +€112,010 | +33.7% |
| Taxes, remuneration and social security | 45 | €294,862 | €364,405 | +€69,543 | +23.6% |
| Taxes | 450/3 | €81,875 | €50,884 | -€30,991 | -37.9% |
| Remuneration and social security | 454/9 | €212,987 | €313,521 | +€100,534 | +47.2% |
| Other amounts payable | 47/48 | €546,706 | €640,843 | +€94,136 | +17.2% |
| Accrued charges and deferred income | 492/3 | €41 | €41 | = | 0.0% |
| Operating income | 70/76A | €3,009,179 | €3,951,607 | +€942,428 | +31.3% |
| Turnover | 70 | €1,165,809 | €1,244,074 | +€78,265 | +6.7% |
| Other operating income | 74 | €1,843,370 | €2,707,533 | +€864,163 | +46.9% |
| Operating charges | 60/66A | €3,161,570 | €3,769,869 | +€608,299 | +19.2% |
| Services and other goods | 61 | €1,260,076 | €1,848,724 | +€588,648 | +46.7% |
| Remuneration, social security and pensions | 62 | €1,674,989 | €1,671,531 | -€3,457 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,802 | €222,661 | +€2,859 | +1.3% |
| Other operating charges | 640/8 | €6,702 | €26,952 | +€20,249 | +302.1% |
| Operating profit (loss) | 9901 | -€152,391 | €181,738 | +€334,129 | |
| Financial income | 75/76B | €253,310 | €5,494 | -€247,816 | -97.8% |
| Recurring financial income | 75 | €253,310 | €5,494 | -€247,816 | -97.8% |
| Income from current assets | 751 | €249,000 | - | -€249,000 | |
| Other financial income | 752/9 | €4,310 | €5,494 | +€1,184 | +27.5% |
| Financial charges | 65/66B | €26,998 | €37,426 | +€10,428 | +38.6% |
| Recurring financial charges | 65 | €26,998 | €37,426 | +€10,428 | +38.6% |
| Debt charges | 650 | €15,343 | €18,665 | +€3,321 | +21.6% |
| Other financial charges | 652/9 | €11,655 | €18,762 | +€7,107 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €73,921 | €149,806 | +€75,885 | +102.7% |
| Income taxes | 67/77 | €2,154 | €26,901 | +€24,747 | +1149.1% |
| Taxes | 670/3 | €2,154 | €26,901 | +€24,747 | +1149.1% |
| Profit (loss) for the period | 9904 | €71,767 | €122,905 | +€51,138 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,767 | €122,905 | +€51,138 | +71.3% |
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.