Dison 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.
Dison Pharma
Largest movements
- Cash +€51,830
up €51,830 (+26.3%), from €196,892 to €248,721
mainly Net result for the year (+€76,391) and Depreciation (+€33,218)
- Intangible fixed assets -€19,542
no longer reported in 2025 (was €19,542)
- Tangible fixed assets -€10,844
down €10,844 (-5.1%), from €210,782 to €199,938
of which Land and buildings: -€7,257
- Receivables within one year -€9,935
down €9,935 (-9.6%), from €103,641 to €93,706
of which Trade receivables: -€5,554
- Reserves +€70,500
up €70,500 (+50.0%), from €140,860 to €211,360
- Current portion of long-term debt -€27,574
down €27,574 (-66.2%), from €41,643 to €14,069
- Trade debts -€19,687
down €19,687 (-31.0%), from €63,592 to €43,905
- Debts after one year -€14,069
down €14,069 (-9.2%), from €153,532 to €139,463
- Taxes +€10,727
up €10,727 (+52.5%), from €20,428 to €31,156
- Staff costs -€5,880
down €5,880 (-4.7%), from €124,017 to €118,137
- Depreciation -€4,732
down €4,732 (-12.5%), from €37,951 to €33,218
- Gross operating margin +€3,522
up €3,522 (+1.3%), from €266,969 to €270,491
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 | €629,255 | €638,498 | +€9,243 | +1.5% |
| Fixed assets | 21/28 | €230,323 | €199,938 | -€30,385 | -13.2% |
| Intangible fixed assets | 21 | €19,542 | - | -€19,542 | |
| Tangible fixed assets | 22/27 | €210,782 | €199,938 | -€10,844 | -5.1% |
| Land and buildings | 22 | €183,474 | €176,217 | -€7,257 | -4.0% |
| Plant, machinery and equipment | 23 | €22,357 | €19,735 | -€2,622 | -11.7% |
| Furniture and vehicles | 24 | €4,951 | €3,986 | -€965 | -19.5% |
| Current assets | 29/58 | €398,931 | €438,560 | +€39,629 | +9.9% |
| Stocks and contracts in progress | 3 | €92,133 | €90,226 | -€1,907 | -2.1% |
| Stocks | 30/36 | €92,133 | €90,226 | -€1,907 | -2.1% |
| Amounts receivable within one year | 40/41 | €103,641 | €93,706 | -€9,935 | -9.6% |
| Trade receivables | 40 | €98,658 | €93,104 | -€5,554 | -5.6% |
| Other amounts receivable | 41 | €4,983 | €602 | -€4,381 | -87.9% |
| Cash at bank and in hand | 54/58 | €196,892 | €248,721 | +€51,830 | +26.3% |
| Deferred charges and accrued income | 490/1 | €6,265 | €5,907 | -€358 | -5.7% |
| Total equity and liabilities | 10/49 | €629,255 | €638,498 | +€9,243 | +1.5% |
| Equity | 10/15 | €230,732 | €301,711 | +€70,979 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,860 | €211,360 | +€70,500 | +50.0% |
| Distributable reserves | 133 | €140,860 | €211,360 | +€70,500 | +50.0% |
| Profit (loss) carried forward | 14 | €71,272 | €71,751 | +€479 | +0.7% |
| Amounts payable | 17/49 | €398,522 | €336,786 | -€61,736 | -15.5% |
| Amounts payable after more than one year | 17 | €153,532 | €139,463 | -€14,069 | -9.2% |
| Financial debts | 170/4 | €153,532 | €139,463 | -€14,069 | -9.2% |
| Amounts payable within one year | 42/48 | €237,182 | €190,056 | -€47,125 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €41,643 | €14,069 | -€27,574 | -66.2% |
| Trade debts | 44 | €63,592 | €43,905 | -€19,687 | -31.0% |
| Suppliers | 440/4 | €63,592 | €43,905 | -€19,687 | -31.0% |
| Taxes, remuneration and social security | 45 | €36,017 | €36,413 | +€396 | +1.1% |
| Taxes | 450/3 | €15,391 | €21,131 | +€5,740 | +37.3% |
| Remuneration and social security | 454/9 | €20,626 | €15,282 | -€5,344 | -25.9% |
| Other amounts payable | 47/48 | €95,930 | €95,670 | -€261 | -0.3% |
| Accrued charges and deferred income | 492/3 | €7,808 | €7,267 | -€541 | -6.9% |
| Remuneration, social security and pensions | 62 | €124,017 | €118,137 | -€5,880 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,951 | €33,218 | -€4,732 | -12.5% |
| Other operating charges | 640/8 | €2,667 | €2,757 | +€90 | +3.4% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €266,969 | €270,491 | +€3,522 | +1.3% |
| Operating profit (loss) | 9901 | €102,334 | €116,333 | +€13,999 | +13.7% |
| Financial income | 75/76B | €2,326 | €2,410 | +€83 | +3.6% |
| Recurring financial income | 75 | €2,326 | €2,410 | +€83 | +3.6% |
| Financial charges | 65/66B | €12,329 | €11,196 | -€1,133 | -9.2% |
| Recurring financial charges | 65 | €12,329 | €11,196 | -€1,133 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €92,331 | €107,547 | +€15,216 | +16.5% |
| Income taxes | 67/77 | €20,428 | €31,156 | +€10,727 | +52.5% |
| Profit (loss) for the period | 9904 | €71,903 | €76,391 | +€4,488 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,903 | €76,391 | +€4,488 | +6.2% |
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 3 October 2026 via checked.be.