Exphar: 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
Exphar
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€868,458
2024 · €396,568+€471,889
Equity
€5.5m
2024 · €4.7m+€841,808
Cash
€1.8m
2024 · €2.0m-€209,200
Balance sheet total
€14.1m
2024 · €16.2m-€2.0m
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-78.5%), from €2.6m to €566,714
of which Trade receivables: -€2.2m
- Receivables after one year +€768,472
new in 2025: €768,472
- Tangible fixed assets -€434,239
down €434,239 (-7.0%), from €6.2m to €5.8m
of which Land and buildings: -€378,474
- Cash -€209,200
down €209,200 (-10.7%), from €2.0m to €1.8m
mainly Other debts (-€1.6m) and Receivables after one year (-€768,472)
- Stocks and contracts -€174,919
down €174,919 (-3.5%), from €5.0m to €4.9m
Equity and liabilities
- Other debts -€1.6m
down €1.6m (-34.5%), from €4.7m to €3.1m
- Profit (loss) carried forward +€887,395
up €887,395 (+112.9%), from €785,826 to €1.7m
- Trade debts -€715,151
down €715,151 (-60.2%), from €1.2m to €472,281
- Debts after one year -€633,320
down €633,320 (-14.6%), from €4.3m to €3.7m
- Tax, wage and social debts +€190,420
up €190,420 (+38.0%), from €500,870 to €691,290
of which Taxes: +€278,092
Income statement
- Goods and materials -€504,585
down €504,585 (-3.6%), from €14.1m to €13.6m
of which Purchases: -€607,177
- Turnover +€473,149
up €473,149 (+2.1%), from €22.4m to €22.9m
- Other operating income -€447,920
down €447,920 (-77.5%), from €577,935 to €130,015
- Staff costs +€278,204
up €278,204 (+13.2%), from €2.1m to €2.4m
- Services and other goods -€276,988
down €276,988 (-5.3%), from €5.2m to €4.9m
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
€396,568
Turnover
+€473,149
Other operating income
-€447,920
Goods and materials
+€504,585
Services and other goods
+€276,988
Staff costs
-€278,204
Depreciation
+€95,977
Write-downs
-€52,826
Other operating charges
+€13,970
Financial income
+€62,800
Financial charges
+€7,574
Taxes
-€184,205
Result 2025
€868,458
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
+€737,707
Investment
-€197,719
Financing
-€749,188
Cash 2024
€2.0m
From operations (derived)
+€737,707
Net result for the year
+€868,458
Depreciation
+€559,148
Receivables after one year
-€768,472
Stocks and contracts
+€174,919
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€11,451
Provisions
-€9,751
Trade debts
-€715,151
Tax, wage and social debts
+€190,420
Other debts
-€1.6m
Accrued charges and deferred income
+€14,826
Investment (derived)
-€197,719
Investment in fixed assets (net)
-€197,719
Financing
-€749,188
Debts after one year
-€633,320
Current portion of long-term debt
-€89,218
Contributions, distributions and other
-€26,650
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,170,505 | €14,133,080 | -€2.0m | -12.6% |
| Fixed assets | 21/28 | €6,455,906 | €6,094,477 | -€361,429 | -5.6% |
| Intangible fixed assets | 21 | €95,965 | €168,775 | +€72,810 | +75.9% |
| Tangible fixed assets | 22/27 | €6,246,072 | €5,811,833 | -€434,239 | -7.0% |
| Land and buildings | 22 | €5,988,990 | €5,610,516 | -€378,474 | -6.3% |
| Plant, machinery and equipment | 23 | €79,471 | €67,966 | -€11,505 | -14.5% |
| Furniture and vehicles | 24 | €177,611 | €133,351 | -€44,260 | -24.9% |
| Financial fixed assets | 28 | €113,868 | €113,868 | = | 0.0% |
| Affiliated companies | 280/1 | €20,463 | €20,463 | = | 0.0% |
| Participating interests | 280 | €20,463 | €20,463 | = | 0.0% |
| Other financial fixed assets | 284/8 | €93,406 | €93,406 | = | 0.0% |
| Shares | 284 | €75,402 | €75,402 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,004 | €18,004 | = | 0.0% |
| Current assets | 29/58 | €9,714,599 | €8,038,604 | -€1.7m | -17.3% |
| Amounts receivable after more than one year | 29 | - | €768,472 | +€768,472 | |
| Trade receivables | 290 | - | €768,472 | +€768,472 | |
| Stocks and contracts in progress | 3 | €5,036,042 | €4,861,123 | -€174,919 | -3.5% |
| Stocks | 30/36 | €5,036,042 | €4,861,123 | -€174,919 | -3.5% |
| Goods purchased for resale | 34 | €5,036,042 | €4,861,123 | -€174,919 | -3.5% |
| Amounts receivable within one year | 40/41 | €2,638,514 | €566,714 | -€2.1m | -78.5% |
| Trade receivables | 40 | €2,431,032 | €271,030 | -€2.2m | -88.9% |
| Other amounts receivable | 41 | €207,482 | €295,684 | +€88,202 | +42.5% |
| Cash at bank and in hand | 54/58 | €1,963,457 | €1,754,257 | -€209,200 | -10.7% |
| Deferred charges and accrued income | 490/1 | €76,587 | €88,037 | +€11,451 | +15.0% |
| Total equity and liabilities | 10/49 | €16,170,505 | €14,133,080 | -€2.0m | -12.6% |
| Equity | 10/15 | €4,699,532 | €5,541,340 | +€841,808 | +17.9% |
| Contributions | 10/11 | €1,045,620 | €1,045,620 | = | 0.0% |
| Capital | 10 | €1,045,620 | €1,045,620 | = | 0.0% |
| Issued capital | 100 | €1,045,620 | €1,045,620 | = | 0.0% |
| Reserves | 13 | €2,481,586 | €2,462,649 | -€18,937 | -0.8% |
| Non-distributable reserves | 130/1 | €185,412 | €185,412 | = | 0.0% |
| Legal reserve | 130 | €185,412 | €185,412 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,774 | €170,837 | -€18,937 | -10.0% |
| Distributable reserves | 133 | €2,106,400 | €2,106,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €785,826 | €1,673,221 | +€887,395 | +112.9% |
| Investment grants | 15 | €386,500 | €359,850 | -€26,650 | -6.9% |
| Provisions and deferred taxes | 16 | €97,512 | €87,761 | -€9,751 | -10.0% |
| Deferred taxes | 168 | €97,512 | €87,761 | -€9,751 | -10.0% |
| Amounts payable | 17/49 | €11,373,461 | €8,503,980 | -€2.9m | -25.2% |
| Amounts payable after more than one year | 17 | €4,345,411 | €3,712,091 | -€633,320 | -14.6% |
| Financial debts | 170/4 | €4,345,411 | €3,712,091 | -€633,320 | -14.6% |
| Credit institutions | 173 | €4,345,411 | €3,712,091 | -€633,320 | -14.6% |
| Amounts payable within one year | 42/48 | €7,028,050 | €4,777,062 | -€2.3m | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €599,982 | €510,764 | -€89,218 | -14.9% |
| Trade debts | 44 | €1,187,431 | €472,281 | -€715,151 | -60.2% |
| Suppliers | 440/4 | €1,187,431 | €472,281 | -€715,151 | -60.2% |
| Taxes, remuneration and social security | 45 | €500,870 | €691,290 | +€190,420 | +38.0% |
| Taxes | 450/3 | €18,114 | €296,206 | +€278,092 | +1535.3% |
| Remuneration and social security | 454/9 | €482,757 | €395,085 | -€87,672 | -18.2% |
| Other amounts payable | 47/48 | €4,739,766 | €3,102,727 | -€1.6m | -34.5% |
| Accrued charges and deferred income | 492/3 | - | €14,826 | +€14,826 | |
| Operating income | 70/76A | €22,986,532 | €23,011,760 | +€25,229 | +0.1% |
| Turnover | 70 | €22,408,597 | €22,881,746 | +€473,149 | +2.1% |
| Other operating income | 74 | €577,935 | €130,015 | -€447,920 | -77.5% |
| Operating charges | 60/66A | €22,139,848 | €21,579,357 | -€560,491 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €14,102,739 | €13,598,154 | -€504,585 | -3.6% |
| Purchases | 600/8 | €14,102,739 | €13,495,562 | -€607,177 | -4.3% |
| Change in stocks: decrease (increase) | 609 | - | €102,592 | +€102,592 | |
| Services and other goods | 61 | €5,215,140 | €4,938,152 | -€276,988 | -5.3% |
| Remuneration, social security and pensions | 62 | €2,104,232 | €2,382,436 | +€278,204 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655,125 | €559,148 | -€95,977 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,501 | €72,328 | +€52,826 | +270.9% |
| Other operating charges | 640/8 | €43,110 | €29,140 | -€13,970 | -32.4% |
| Operating profit (loss) | 9901 | €846,684 | €1,432,404 | +€585,719 | +69.2% |
| Financial income | 75/76B | €117,892 | €180,692 | +€62,800 | +53.3% |
| Recurring financial income | 75 | €117,892 | €180,692 | +€62,800 | +53.3% |
| Income from financial fixed assets | 750 | - | €1,919 | +€1,919 | |
| Other financial income | 752/9 | €117,892 | €178,773 | +€60,881 | +51.6% |
| Financial charges | 65/66B | €413,872 | €406,297 | -€7,574 | -1.8% |
| Recurring financial charges | 65 | €413,872 | €406,297 | -€7,574 | -1.8% |
| Debt charges | 650 | €329,741 | €309,014 | -€20,727 | -6.3% |
| Other financial charges | 652/9 | €84,130 | €97,283 | +€13,153 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €550,705 | €1,206,798 | +€656,094 | +119.1% |
| Transfer from deferred taxes | 780 | €9,751 | €9,751 | = | 0.0% |
| Income taxes | 67/77 | €163,887 | €348,092 | +€184,205 | +112.4% |
| Taxes | 670/3 | €163,887 | €348,976 | +€185,088 | +112.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €884 | +€884 | |
| Profit (loss) for the period | 9904 | €396,568 | €868,458 | +€471,889 | +119.0% |
| Transfer from tax-exempt reserves | 789 | €18,937 | €18,937 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €415,506 | €887,395 | +€471,889 | +113.6% |
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 30 September 2026 via checked.be.