F CARE SYSTEMS: what changed
What changed
F CARE SYSTEMS
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€172,332
2024 · €182,157-€9,825
Equity
€1.7m
2024 · €1.5m+€165,518
Cash
€85,875
2024 · €118,638-€32,762
Balance sheet total
€3.1m
2024 · €2.8m+€314,256
Largest movements
Assets
- Receivables within one year +€274,624
up €274,624 (+21.4%), from €1.3m to €1.6m
of which Other amounts receivable: +€244,429
- Intangible fixed assets +€131,839
up €131,839 (+88.4%), from €149,222 to €281,061
- Stocks and contracts -€82,871
down €82,871 (-7.4%), from €1.1m to €1.0m
- Deferred charges and accrued income +€33,099
new in 2025: €33,099
- Cash -€32,762
down €32,762 (-27.6%), from €118,638 to €85,875
mainly Receivables within one year (-€274,624) and Investment in fixed assets (net) (-€256,235)
Equity and liabilities
- Trade debts +€216,006
up €216,006 (+31.6%), from €683,281 to €899,288
- Profit (loss) carried forward +€156,902
up €156,902 (+24.6%), from €636,741 to €793,642
- Tax, wage and social debts -€40,269
down €40,269 (-17.1%), from €235,841 to €195,573
of which Taxes: -€39,208
Income statement
- Gross operating margin -€69,687
down €69,687 (-5.1%), from €1.4m to €1.3m
- Taxes -€63,927
down €63,927 (-95.2%), from €67,123 to €3,197
- Staff costs -€21,813
down €21,813 (-2.3%), from €969,247 to €947,434
- Other operating charges +€15,451
up €15,451 (+311%), from €4,973 to €20,424
- Depreciation +€15,386
up €15,386 (+13.0%), from €118,682 to €134,069
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€182,157
Gross operating margin
-€69,687
Staff costs
+€21,813
Depreciation
-€15,386
Write-downs
-€3,360
Other operating charges
-€15,451
Financial income
+€371
Financial charges
+€7,949
Taxes
+€63,927
Result 2025
€172,332
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€252,593
Investment
-€256,235
Financing
-€29,121
Cash 2024
€118,638
From operations (derived)
+€252,593
Net result for the year
+€172,332
Depreciation
+€134,069
Stocks and contracts
+€82,871
Receivables within one year
-€274,624
Deferred charges and accrued income
-€33,099
Trade debts
+€216,006
Tax, wage and social debts
-€40,269
Other debts
-€4,901
Accrued charges and deferred income
+€208
Investment (derived)
-€256,235
Investment in fixed assets (net)
-€256,235
Financing
-€29,121
Debts after one year
-€17,566
Current portion of long-term debt
-€17,364
Short-term financial debts
+€12,623
Contributions, distributions and other
-€6,814
Cash 2025
€85,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,831,491 | €3,145,746 | +€314,256 | +11.1% |
| Fixed assets | 21/28 | €309,818 | €431,984 | +€122,166 | +39.4% |
| Intangible fixed assets | 21 | €149,222 | €281,061 | +€131,839 | +88.4% |
| Tangible fixed assets | 22/27 | €103,752 | €80,264 | -€23,488 | -22.6% |
| Land and buildings | 22 | €31,245 | €26,058 | -€5,187 | -16.6% |
| Plant, machinery and equipment | 23 | €26,954 | €30,085 | +€3,131 | +11.6% |
| Furniture and vehicles | 24 | €45,553 | €24,122 | -€21,432 | -47.0% |
| Financial fixed assets | 28 | €56,844 | €70,659 | +€13,815 | +24.3% |
| Current assets | 29/58 | €2,521,673 | €2,713,762 | +€192,090 | +7.6% |
| Stocks and contracts in progress | 3 | €1,117,332 | €1,034,461 | -€82,871 | -7.4% |
| Stocks | 30/36 | €1,117,332 | €1,034,461 | -€82,871 | -7.4% |
| Amounts receivable within one year | 40/41 | €1,285,703 | €1,560,327 | +€274,624 | +21.4% |
| Trade receivables | 40 | €1,126,505 | €1,156,700 | +€30,195 | +2.7% |
| Other amounts receivable | 41 | €159,198 | €403,628 | +€244,429 | +154% |
| Cash at bank and in hand | 54/58 | €118,638 | €85,875 | -€32,762 | -27.6% |
| Deferred charges and accrued income | 490/1 | - | €33,099 | +€33,099 | |
| Total equity and liabilities | 10/49 | €2,831,491 | €3,145,746 | +€314,256 | +11.1% |
| Equity | 10/15 | €1,500,072 | €1,665,591 | +€165,518 | +11.0% |
| Contributions | 10/11 | €765,000 | €765,000 | = | 0.0% |
| Capital | 10 | €765,000 | €765,000 | = | 0.0% |
| Issued capital | 100 | €765,000 | €765,000 | = | 0.0% |
| Reserves | 13 | €98,332 | €106,948 | +€8,617 | +8.8% |
| Non-distributable reserves | 130/1 | €43,064 | €51,681 | +€8,617 | +20.0% |
| Legal reserve | 130 | €43,064 | €51,681 | +€8,617 | +20.0% |
| Distributable reserves | 133 | €55,268 | €55,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €636,741 | €793,642 | +€156,902 | +24.6% |
| Amounts payable | 17/49 | €1,331,418 | €1,480,156 | +€148,737 | +11.2% |
| Amounts payable after more than one year | 17 | €17,566 | - | -€17,566 | |
| Financial debts | 170/4 | €17,566 | - | -€17,566 | |
| Amounts payable within one year | 42/48 | €1,313,853 | €1,479,948 | +€166,095 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €33,015 | €15,650 | -€17,364 | -52.6% |
| Financial debts | 43 | €350,000 | €362,623 | +€12,623 | +3.6% |
| Credit institutions | 430/8 | - | €12,623 | +€12,623 | |
| Other loans | 439 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €683,281 | €899,288 | +€216,006 | +31.6% |
| Suppliers | 440/4 | €683,281 | €899,288 | +€216,006 | +31.6% |
| Taxes, remuneration and social security | 45 | €235,841 | €195,573 | -€40,269 | -17.1% |
| Taxes | 450/3 | €113,471 | €74,263 | -€39,208 | -34.6% |
| Remuneration and social security | 454/9 | €122,371 | €121,310 | -€1,061 | -0.9% |
| Other amounts payable | 47/48 | €11,715 | €6,814 | -€4,901 | -41.8% |
| Accrued charges and deferred income | 492/3 | - | €208 | +€208 | |
| Non-recurring operating income | 76A | - | €5,564 | +€5,564 | |
| Remuneration, social security and pensions | 62 | €969,247 | €947,434 | -€21,813 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,682 | €134,069 | +€15,386 | +13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,360 | +€3,360 | |
| Other operating charges | 640/8 | €4,973 | €20,424 | +€15,451 | +311% |
| Gross operating margin | 9900 | €1,362,202 | €1,292,515 | -€69,687 | -5.1% |
| Operating profit (loss) | 9901 | €269,300 | €187,228 | -€82,072 | -30.5% |
| Financial income | 75/76B | €5,144 | €5,515 | +€371 | +7.2% |
| Recurring financial income | 75 | €5,144 | €5,515 | +€371 | +7.2% |
| Financial charges | 65/66B | €25,164 | €17,214 | -€7,949 | -31.6% |
| Recurring financial charges | 65 | €25,164 | €17,214 | -€7,949 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €249,280 | €175,529 | -€73,752 | -29.6% |
| Income taxes | 67/77 | €67,123 | €3,197 | -€63,927 | -95.2% |
| Profit (loss) for the period | 9904 | €182,157 | €172,332 | -€9,825 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,157 | €172,332 | -€9,825 | -5.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.