EG: 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
EG
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29.6m
2024 · €31.8m-€2.2m
Equity
€61.3m
2024 · €62.7m-€1.4m
Cash
€43.9m
2024 · €57.4m-€13.4m
Balance sheet total
€113.6m
2024 · €118.0m-€4.4m
Largest movements
Assets
- Cash -€13.4m
down €13.4m (-23.4%), from €57.4m to €43.9m
mainly Contributions, distributions and other (-€31.0m) and Receivables within one year (-€4.7m)
- Receivables within one year +€4.7m
up €4.7m (+28.3%), from €16.5m to €21.2m
of which Trade receivables: +€3.5m
- Stocks and contracts +€4.5m
up €4.5m (+10.8%), from €42.0m to €46.5m
Equity and liabilities
- Trade debts -€3.6m
down €3.6m (-8.7%), from €41.8m to €38.1m
- Other debts +€2.6m
up €2.6m (+126.8%), from €2.1m to €4.7m
- Tax, wage and social debts -€2.4m
down €2.4m (-25.6%), from €9.4m to €7.0m
of which Taxes: -€2.3m
- Profit (loss) carried forward -€1.4m
down €1.4m (-4.2%), from €32.8m to €31.4m
Income statement
- Goods and materials +€3.6m
up €3.6m (+4.0%), from €88.3m to €91.8m
of which Purchases: +€5.4m
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
€31.8m
Turnover
+€870,411
Other operating income
-€370,701
Goods and materials
-€3.6m
Services and other goods
+€2.3m
Staff costs
-€275,132
Depreciation
+€261,392
Write-downs
+€316,269
Other operating charges
-€1.4m
Other operating items
+€70,645
Financial income
-€1.3m
Financial charges
+€161,153
Taxes
+€865,501
Result 2025
€29.6m
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
+€17.2m
Investment
-€113,896
Financing
-€30.5m
Cash 2024
€57.4m
From operations (derived)
+€17.2m
Net result for the year
+€29.6m
Depreciation
+€296,925
Stocks and contracts
-€4.5m
Receivables within one year
-€4.7m
Smaller working-capital items
-€76,976
Trade debts
-€3.6m
Tax, wage and social debts
-€2.4m
Other debts
+€2.6m
Investment (derived)
-€113,896
Investment in fixed assets (net)
-€113,896
Financing
-€30.5m
Short-term financial debts
+€507,772
Contributions, distributions and other
-€31.0m
Cash 2025
€43.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,965,285 | €113,562,055 | -€4.4m | -3.7% |
| Fixed assets | 21/28 | €1,999,133 | €1,816,104 | -€183,029 | -9.2% |
| Intangible fixed assets | 21 | €255,279 | €230,912 | -€24,367 | -9.5% |
| Tangible fixed assets | 22/27 | €1,738,252 | €1,579,590 | -€158,662 | -9.1% |
| Furniture and vehicles | 24 | €335,361 | €255,395 | -€79,967 | -23.8% |
| Other tangible fixed assets | 26 | €1,402,891 | €1,324,195 | -€78,695 | -5.6% |
| Financial fixed assets | 28 | €5,602 | €5,602 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,602 | €5,602 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,602 | €5,602 | = | 0.0% |
| Current assets | 29/58 | €115,966,152 | €111,745,950 | -€4.2m | -3.6% |
| Stocks and contracts in progress | 3 | €41,950,589 | €46,481,492 | +€4.5m | +10.8% |
| Stocks | 30/36 | €41,950,589 | €46,481,492 | +€4.5m | +10.8% |
| Goods purchased for resale | 34 | €41,950,589 | €46,481,492 | +€4.5m | +10.8% |
| Amounts receivable within one year | 40/41 | €16,500,600 | €21,170,505 | +€4.7m | +28.3% |
| Trade receivables | 40 | €12,483,215 | €16,030,968 | +€3.5m | +28.4% |
| Other amounts receivable | 41 | €4,017,385 | €5,139,537 | +€1.1m | +27.9% |
| Cash at bank and in hand | 54/58 | €57,358,651 | €43,927,333 | -€13.4m | -23.4% |
| Deferred charges and accrued income | 490/1 | €156,312 | €166,621 | +€10,309 | +6.6% |
| Total equity and liabilities | 10/49 | €117,965,285 | €113,562,055 | -€4.4m | -3.7% |
| Equity | 10/15 | €62,697,423 | €61,309,512 | -€1.4m | -2.2% |
| Contributions | 10/11 | €24,482,282 | €24,482,282 | = | 0.0% |
| Capital | 10 | €24,482,282 | €24,482,282 | = | 0.0% |
| Issued capital | 100 | €24,482,282 | €24,482,282 | = | 0.0% |
| Reserves | 13 | €5,448,228 | €5,448,228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,448,228 | €5,448,228 | = | 0.0% |
| Legal reserve | 130 | €5,448,228 | €5,448,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,766,913 | €31,379,002 | -€1.4m | -4.2% |
| Amounts payable | 17/49 | €55,267,862 | €52,252,542 | -€3.0m | -5.5% |
| Amounts payable within one year | 42/48 | €54,684,529 | €51,735,876 | -€2.9m | -5.4% |
| Financial debts | 43 | €1,425,397 | €1,933,169 | +€507,772 | +35.6% |
| Credit institutions | 430/8 | €1,425,397 | €1,933,169 | +€507,772 | +35.6% |
| Trade debts | 44 | €41,786,510 | €38,146,171 | -€3.6m | -8.7% |
| Suppliers | 440/4 | €41,786,510 | €38,146,171 | -€3.6m | -8.7% |
| Taxes, remuneration and social security | 45 | €9,422,414 | €7,005,728 | -€2.4m | -25.6% |
| Taxes | 450/3 | €2,975,291 | €646,238 | -€2.3m | -78.3% |
| Remuneration and social security | 454/9 | €6,447,123 | €6,359,490 | -€87,633 | -1.4% |
| Other amounts payable | 47/48 | €2,050,208 | €4,650,808 | +€2.6m | +126.8% |
| Accrued charges and deferred income | 492/3 | €583,333 | €516,667 | -€66,667 | -11.4% |
| Operating income | 70/76A | €267,820,343 | €268,320,053 | +€499,710 | +0.2% |
| Turnover | 70 | €262,280,216 | €263,150,627 | +€870,411 | +0.3% |
| Other operating income | 74 | €5,540,127 | €5,169,426 | -€370,701 | -6.7% |
| Operating charges | 60/66A | €226,218,274 | €228,583,285 | +€2.4m | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €88,262,532 | €91,826,683 | +€3.6m | +4.0% |
| Purchases | 600/8 | €91,821,891 | €97,204,383 | +€5.4m | +5.9% |
| Change in stocks: decrease (increase) | 609 | -€3,559,359 | -€5,377,700 | -€1.8m | -51.1% |
| Services and other goods | 61 | €92,853,657 | €90,589,320 | -€2.3m | -2.4% |
| Remuneration, social security and pensions | 62 | €23,871,853 | €24,146,986 | +€275,132 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558,317 | €296,925 | -€261,392 | -46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,058,827 | €742,558 | -€316,269 | -29.9% |
| Other operating charges | 640/8 | €19,542,443 | €20,980,814 | +€1.4m | +7.4% |
| Non-recurring operating charges | 66A | €70,645 | - | -€70,645 | |
| Operating profit (loss) | 9901 | €41,602,069 | €39,736,768 | -€1.9m | -4.5% |
| Financial income | 75/76B | €2,280,570 | €942,819 | -€1.3m | -58.7% |
| Recurring financial income | 75 | €2,280,570 | €942,819 | -€1.3m | -58.7% |
| Income from current assets | 751 | €2,280,314 | €942,816 | -€1.3m | -58.7% |
| Other financial income | 752/9 | €256 | €3 | -€252 | -98.7% |
| Financial charges | 65/66B | €1,019,788 | €858,635 | -€161,153 | -15.8% |
| Recurring financial charges | 65 | €1,019,788 | €858,635 | -€161,153 | -15.8% |
| Debt charges | 650 | €691,040 | €582,919 | -€108,120 | -15.6% |
| Other financial charges | 652/9 | €328,748 | €275,716 | -€53,032 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €42,862,851 | €39,820,952 | -€3.0m | -7.1% |
| Income taxes | 67/77 | €11,074,363 | €10,208,862 | -€865,501 | -7.8% |
| Taxes | 670/3 | €11,074,363 | €10,208,862 | -€865,501 | -7.8% |
| Profit (loss) for the period | 9904 | €31,788,487 | €29,612,090 | -€2.2m | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,788,487 | €29,612,090 | -€2.2m | -6.8% |
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 5 October 2026 via checked.be.