DPHARMA: 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.
DPHARMA
Largest movements
- Receivables within one year +€94,257
up €94,257 (+15.9%), from €592,176 to €686,433
of which Other amounts receivable: +€92,290
- Reserves +€123,673
up €123,673 (+11.1%), from €1.1m to €1.2m
- Debts after one year -€57,598
down €57,598 (-49.7%), from €115,830 to €58,233
- Other debts +€21,397
up €21,397 (+5.3%), from €401,538 to €422,934
- Gross operating margin -€46,519
down €46,519 (-23.2%), from €200,680 to €154,161
- Financial income +€44,000
new in 2025: €44,000
- Taxes -€9,737
down €9,737 (-21.0%), from €46,338 to €36,601
- Financial charges -€3,370
down €3,370 (-10.1%), from €33,386 to €30,015
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 | €1,736,397 | €1,818,133 | +€81,736 | +4.7% |
| Fixed assets | 21/28 | €1,124,167 | €1,117,592 | -€6,575 | -0.6% |
| Tangible fixed assets | 22/27 | €10,034 | €3,459 | -€6,575 | -65.5% |
| Furniture and vehicles | 24 | - | €3,459 | +€3,459 | |
| Leasing and similar rights | 25 | €10,034 | €0 | -€10,034 | -100% |
| Financial fixed assets | 28 | €1,114,133 | €1,114,133 | = | 0.0% |
| Current assets | 29/58 | €612,230 | €700,541 | +€88,311 | +14.4% |
| Amounts receivable within one year | 40/41 | €592,176 | €686,433 | +€94,257 | +15.9% |
| Trade receivables | 40 | €16,940 | €18,907 | +€1,967 | +11.6% |
| Other amounts receivable | 41 | €575,236 | €667,525 | +€92,290 | +16.0% |
| Cash at bank and in hand | 54/58 | €19,206 | €13,217 | -€5,989 | -31.2% |
| Deferred charges and accrued income | 490/1 | €848 | €892 | +€44 | +5.1% |
| Total equity and liabilities | 10/49 | €1,736,397 | €1,818,133 | +€81,736 | +4.7% |
| Equity | 10/15 | €1,126,414 | €1,250,087 | +€123,673 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,114,014 | €1,237,687 | +€123,673 | +11.1% |
| Distributable reserves | 133 | €1,114,014 | €1,237,687 | +€123,673 | +11.1% |
| Amounts payable | 17/49 | €609,983 | €568,046 | -€41,937 | -6.9% |
| Amounts payable after more than one year | 17 | €115,830 | €58,233 | -€57,598 | -49.7% |
| Financial debts | 170/4 | €115,830 | €58,233 | -€57,598 | -49.7% |
| Amounts payable within one year | 42/48 | €494,153 | €509,814 | +€15,661 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €62,115 | €57,598 | -€4,518 | -7.3% |
| Financial debts | 43 | €12,528 | €10,112 | -€2,416 | -19.3% |
| Credit institutions | 430/8 | €12,528 | €10,112 | -€2,416 | -19.3% |
| Trade debts | 44 | €661 | €98 | -€563 | -85.1% |
| Suppliers | 440/4 | €661 | €98 | -€563 | -85.1% |
| Taxes, remuneration and social security | 45 | €17,311 | €19,072 | +€1,761 | +10.2% |
| Taxes | 450/3 | €17,311 | €19,072 | +€1,761 | +10.2% |
| Other amounts payable | 47/48 | €401,538 | €422,934 | +€21,397 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €6,575 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,258 | €1,296 | +€38 | +3.0% |
| Gross operating margin | 9900 | €200,680 | €154,161 | -€46,519 | -23.2% |
| Operating profit (loss) | 9901 | €192,847 | €146,289 | -€46,557 | -24.1% |
| Financial income | 75/76B | - | €44,000 | +€44,000 | |
| Recurring financial income | 75 | - | €44,000 | +€44,000 | |
| Financial charges | 65/66B | €33,386 | €30,015 | -€3,370 | -10.1% |
| Recurring financial charges | 65 | €33,386 | €30,015 | -€3,370 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €159,461 | €160,274 | +€813 | +0.5% |
| Income taxes | 67/77 | €46,338 | €36,601 | -€9,737 | -21.0% |
| Profit (loss) for the period | 9904 | €113,123 | €123,673 | +€10,550 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,123 | €123,673 | +€10,550 | +9.3% |
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 25 October 2026 via checked.be.