DERMATHEEK: 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
DERMATHEEK
NACE 47.730, Retail sale of pharmaceutical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€243,862
2023 · €307,131-€63,269
Equity
€804,196
2023 · €703,954+€100,242
Cash
€228,613
2023 · €359,426-€130,814
Balance sheet total
€5.4m
2023 · €5.0m+€395,214
Largest movements
Assets
- Receivables within one year +€334,347
up €334,347 (+22.6%), from €1.5m to €1.8m
of which Trade receivables: +€302,105
- Stocks and contracts +€250,663
up €250,663 (+17.9%), from €1.4m to €1.6m
- Tangible fixed assets -€138,379
down €138,379 (-8.8%), from €1.6m to €1.4m
- Cash -€130,814
down €130,814 (-36.4%), from €359,426 to €228,613
mainly Receivables within one year (-€334,347) and Stocks and contracts (-€250,663)
- Intangible fixed assets +€76,502
up €76,502 (+39.4%), from €194,061 to €270,563
Equity and liabilities
- Trade debts +€446,634
up €446,634 (+37.0%), from €1.2m to €1.7m
- Debts after one year -€160,688
down €160,688 (-13.4%), from €1.2m to €1.0m
- Reserves +€100,242
up €100,242 (+14.9%), from €671,728 to €771,970
Income statement
- Gross operating margin +€264,212
up €264,212 (+12.9%), from €2.1m to €2.3m
- Staff costs +€259,036
up €259,036 (+20.0%), from €1.3m to €1.6m
- Depreciation +€59,979
up €59,979 (+26.2%), from €229,171 to €289,150
- Financial charges +€39,074
up €39,074 (+41.4%), from €94,293 to €133,367
From the 2023 result to the 2024 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 2023
€307,131
Gross operating margin
+€264,212
Staff costs
-€259,036
Depreciation
-€59,979
Other operating charges
+€1,383
Other operating items
+€9,542
Financial income
+€23,127
Financial charges
-€39,074
Taxes
-€3,444
Result 2024
€243,862
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€354,239
Investment
-€227,273
Financing
-€257,779
Cash 2023
€359,426
From operations (derived)
+€354,239
Net result for the year
+€243,862
Depreciation
+€289,150
Stocks and contracts
-€250,663
Receivables within one year
-€334,347
Deferred charges and accrued income
-€2,895
Trade debts
+€446,634
Tax, wage and social debts
-€31,443
Other debts
-€6,690
Accrued charges and deferred income
+€630
Investment (derived)
-€227,273
Investment in fixed assets (net)
-€227,273
Financing
-€257,779
Debts after one year
-€160,688
Current portion of long-term debt
+€47,532
Short-term financial debts
-€1,004
Contributions, distributions and other
-€143,620
Cash 2024
€228,613
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,048,884 | €5,444,098 | +€395,214 | +7.8% |
| Fixed assets | 21/28 | €1,767,313 | €1,705,435 | -€61,877 | -3.5% |
| Intangible fixed assets | 21 | €194,061 | €270,563 | +€76,502 | +39.4% |
| Tangible fixed assets | 22/27 | €1,572,601 | €1,434,222 | -€138,379 | -8.8% |
| Land and buildings | 22 | €852,613 | €843,282 | -€9,331 | -1.1% |
| Plant, machinery and equipment | 23 | €159,762 | €147,368 | -€12,394 | -7.8% |
| Furniture and vehicles | 24 | €21,016 | €16,228 | -€4,789 | -22.8% |
| Leasing and similar rights | 25 | €237,126 | €194,017 | -€43,109 | -18.2% |
| Other tangible fixed assets | 26 | €302,084 | €233,327 | -€68,757 | -22.8% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €3,281,571 | €3,738,662 | +€457,091 | +13.9% |
| Stocks and contracts in progress | 3 | €1,397,260 | €1,647,923 | +€250,663 | +17.9% |
| Stocks | 30/36 | €1,397,260 | €1,647,923 | +€250,663 | +17.9% |
| Amounts receivable within one year | 40/41 | €1,477,727 | €1,812,074 | +€334,347 | +22.6% |
| Trade receivables | 40 | €1,232,033 | €1,534,138 | +€302,105 | +24.5% |
| Other amounts receivable | 41 | €245,694 | €277,937 | +€32,242 | +13.1% |
| Current investments | 50/53 | €6,297 | €6,297 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €359,426 | €228,613 | -€130,814 | -36.4% |
| Deferred charges and accrued income | 490/1 | €40,861 | €43,756 | +€2,895 | +7.1% |
| Total equity and liabilities | 10/49 | €5,048,884 | €5,444,098 | +€395,214 | +7.8% |
| Equity | 10/15 | €703,954 | €804,196 | +€100,242 | +14.2% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €671,728 | €771,970 | +€100,242 | +14.9% |
| Distributable reserves | 133 | €671,728 | €771,970 | +€100,242 | +14.9% |
| Amounts payable | 17/49 | €4,344,930 | €4,639,901 | +€294,972 | +6.8% |
| Amounts payable after more than one year | 17 | €1,198,250 | €1,037,563 | -€160,688 | -13.4% |
| Financial debts | 170/4 | €1,198,250 | €1,037,563 | -€160,688 | -13.4% |
| Amounts payable within one year | 42/48 | €3,107,104 | €3,562,134 | +€455,030 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €244,961 | €292,493 | +€47,532 | +19.4% |
| Financial debts | 43 | €556,260 | €555,256 | -€1,004 | -0.2% |
| Credit institutions | 430/8 | €556,260 | €555,256 | -€1,004 | -0.2% |
| Trade debts | 44 | €1,208,038 | €1,654,671 | +€446,634 | +37.0% |
| Suppliers | 440/4 | €1,208,038 | €1,654,671 | +€446,634 | +37.0% |
| Taxes, remuneration and social security | 45 | €263,647 | €232,204 | -€31,443 | -11.9% |
| Taxes | 450/3 | €114,891 | €47,754 | -€67,138 | -58.4% |
| Remuneration and social security | 454/9 | €148,756 | €184,451 | +€35,695 | +24.0% |
| Other amounts payable | 47/48 | €834,199 | €827,510 | -€6,690 | -0.8% |
| Accrued charges and deferred income | 492/3 | €39,575 | €40,205 | +€630 | +1.6% |
| Non-recurring operating income | 76A | €387 | €7,971 | +€7,584 | +1959.8% |
| Remuneration, social security and pensions | 62 | €1,294,477 | €1,553,513 | +€259,036 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,171 | €289,150 | +€59,979 | +26.2% |
| Other operating charges | 640/8 | €47,985 | €46,603 | -€1,383 | -2.9% |
| Non-recurring operating charges | 66A | €13,895 | €4,353 | -€9,542 | -68.7% |
| Gross operating margin | 9900 | €2,051,900 | €2,316,112 | +€264,212 | +12.9% |
| Operating profit (loss) | 9901 | €466,370 | €422,493 | -€43,877 | -9.4% |
| Financial income | 75/76B | €4,748 | €27,875 | +€23,127 | +487.1% |
| Recurring financial income | 75 | €4,748 | €26,490 | +€21,742 | +457.9% |
| Non-recurring financial income | 76B | - | €1,385 | +€1,385 | |
| Financial charges | 65/66B | €94,293 | €133,367 | +€39,074 | +41.4% |
| Recurring financial charges | 65 | €94,293 | €133,367 | +€39,074 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €376,826 | €317,002 | -€59,824 | -15.9% |
| Income taxes | 67/77 | €69,695 | €73,140 | +€3,444 | +4.9% |
| Profit (loss) for the period | 9904 | €307,131 | €243,862 | -€63,269 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €307,131 | €243,862 | -€63,269 | -20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.