EUROPHARMA GROUP: 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.
EUROPHARMA GROUP
Largest movements
- Cash +€56,598
up €56,598 (+503%), from €11,243 to €67,841
mainly Net result for the year (+€127,061) and Trade debts (+€67,099)
- Receivables within one year +€41,930
up €41,930 (+12.7%), from €329,495 to €371,426
of which Other amounts receivable: +€46,182
- Stocks and contracts +€39,182
up €39,182 (+18.6%), from €210,967 to €250,149
- Tangible fixed assets -€10,220
down €10,220 (-4.8%), from €211,918 to €201,698
of which Land and buildings: -€24,351
- Receivables after one year +€10,000
up €10,000 (+42.3%), from €23,635 to €33,635
- Reserves +€127,000
up €127,000 (+46.5%), from €272,889 to €399,889
of which Distributable reserves: +€127,000
- Trade debts +€67,099
up €67,099 (+36.6%), from €183,082 to €250,181
- Debts after one year -€30,147
down €30,147 (-22.8%), from €132,395 to €102,248
- Current portion of long-term debt -€30,107
down €30,107 (-35.3%), from €85,215 to €55,108
- Gross operating margin +€92,441
up €92,441 (+33.3%), from €277,446 to €369,887
- Staff costs +€29,802
up €29,802 (+31.4%), from €94,963 to €124,764
- Taxes +€17,476
up €17,476 (+39.9%), from €43,828 to €61,304
- Depreciation -€8,649
down €8,649 (-15.2%), from €56,888 to €48,240
- Financial charges -€3,806
down €3,806 (-41.6%), from €9,146 to €5,340
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 | €806,756 | €944,839 | +€138,083 | +17.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €225,626 | €214,992 | -€10,634 | -4.7% |
| Intangible fixed assets | 21 | €13,708 | €13,294 | -€414 | -3.0% |
| Tangible fixed assets | 22/27 | €211,918 | €201,698 | -€10,220 | -4.8% |
| Land and buildings | 22 | €152,425 | €128,074 | -€24,351 | -16.0% |
| Plant, machinery and equipment | 23 | €13,651 | €47,140 | +€33,489 | +245% |
| Furniture and vehicles | 24 | €45,843 | €26,484 | -€19,358 | -42.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €581,130 | €729,848 | +€148,717 | +25.6% |
| Amounts receivable after more than one year | 29 | €23,635 | €33,635 | +€10,000 | +42.3% |
| Other amounts receivable | 291 | €23,635 | €33,635 | +€10,000 | +42.3% |
| Stocks and contracts in progress | 3 | €210,967 | €250,149 | +€39,182 | +18.6% |
| Stocks | 30/36 | €210,967 | €250,149 | +€39,182 | +18.6% |
| Amounts receivable within one year | 40/41 | €329,495 | €371,426 | +€41,930 | +12.7% |
| Trade receivables | 40 | €298,248 | €293,996 | -€4,252 | -1.4% |
| Other amounts receivable | 41 | €31,248 | €77,430 | +€46,182 | +148% |
| Cash at bank and in hand | 54/58 | €11,243 | €67,841 | +€56,598 | +503% |
| Deferred charges and accrued income | 490/1 | €5,791 | €6,798 | +€1,007 | +17.4% |
| Total equity and liabilities | 10/49 | €806,756 | €944,839 | +€138,083 | +17.1% |
| Equity | 10/15 | €326,697 | €453,758 | +€127,061 | +38.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €272,889 | €399,889 | +€127,000 | +46.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €271,029 | €398,029 | +€127,000 | +46.9% |
| Profit (loss) carried forward | 14 | €43,808 | €43,870 | +€61 | +0.1% |
| Amounts payable | 17/49 | €480,059 | €491,081 | +€11,022 | +2.3% |
| Amounts payable after more than one year | 17 | €132,395 | €102,248 | -€30,147 | -22.8% |
| Financial debts | 170/4 | €132,395 | €102,248 | -€30,147 | -22.8% |
| Amounts payable within one year | 42/48 | €347,665 | €387,757 | +€40,093 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €85,215 | €55,108 | -€30,107 | -35.3% |
| Financial debts | 43 | €4,848 | - | -€4,848 | |
| Credit institutions | 430/8 | €4,848 | - | -€4,848 | |
| Trade debts | 44 | €183,082 | €250,181 | +€67,099 | +36.6% |
| Suppliers | 440/4 | €183,082 | €250,181 | +€67,099 | +36.6% |
| Taxes, remuneration and social security | 45 | €74,519 | €82,469 | +€7,950 | +10.7% |
| Taxes | 450/3 | €60,952 | €60,877 | -€75 | -0.1% |
| Remuneration and social security | 454/9 | €13,567 | €21,592 | +€8,025 | +59.1% |
| Accrued charges and deferred income | 492/3 | - | €1,076 | +€1,076 | |
| Non-recurring operating income | 76A | €3,399 | - | -€3,399 | |
| Remuneration, social security and pensions | 62 | €94,963 | €124,764 | +€29,802 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,888 | €48,240 | -€8,649 | -15.2% |
| Other operating charges | 640/8 | €2,389 | €4,505 | +€2,116 | +88.6% |
| Non-recurring operating charges | 66A | - | €2,497 | +€2,497 | |
| Gross operating margin | 9900 | €277,446 | €369,887 | +€92,441 | +33.3% |
| Operating profit (loss) | 9901 | €123,207 | €189,881 | +€66,674 | +54.1% |
| Financial income | 75/76B | €2,402 | €3,824 | +€1,423 | +59.2% |
| Recurring financial income | 75 | €2,402 | €3,824 | +€1,423 | +59.2% |
| Financial charges | 65/66B | €9,146 | €5,340 | -€3,806 | -41.6% |
| Recurring financial charges | 65 | €9,146 | €5,340 | -€3,806 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €116,463 | €188,365 | +€71,903 | +61.7% |
| Income taxes | 67/77 | €43,828 | €61,304 | +€17,476 | +39.9% |
| Profit (loss) for the period | 9904 | €72,635 | €127,061 | +€54,427 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,635 | €127,061 | +€54,427 | +74.9% |
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 30 October 2026 via checked.be.