FARMACOACH AD: what changed
What changed
FARMACOACH AD
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€115,380
2024 · €96,648+€18,731
Equity
€428,624
2024 · €315,345+€113,280
Cash
€10,796
2024 · €25,298-€14,502
Balance sheet total
€1.1m
2024 · €1.1m+€10,949
Largest movements
Assets
- Stocks and contracts +€18,165
up €18,165 (+13.0%), from €139,752 to €157,917
- Cash -€14,502
down €14,502 (-57.3%), from €25,298 to €10,796
mainly Debts after one year (-€76,502) and Trade debts (-€27,436)
Equity and liabilities
- Profit (loss) carried forward +€113,280
up €113,280 (+36.9%), from €307,285 to €420,564
- Debts after one year -€76,502
down €76,502 (-14.7%), from €519,058 to €442,556
- Trade debts -€27,436
down €27,436 (-29.6%), from €92,573 to €65,137
Income statement
- Gross operating margin -€24,616
down €24,616 (-6.7%), from €367,861 to €343,245
- Staff costs -€7,375
down €7,375 (-4.2%), from €175,193 to €167,818
- Financial charges -€5,124
down €5,124 (-28.3%), from €18,127 to €13,003
- Taxes -€4,759
down €4,759 (-12.5%), from €38,195 to €33,437
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
€96,648
Gross operating margin
-€24,616
Staff costs
+€7,375
Depreciation
-€2,016
Other operating charges
+€402
Other operating items
+€30,000
Financial income
-€2,296
Financial charges
+€5,124
Taxes
+€4,759
Result 2025
€115,380
raises the resultlowers the resultnot broken down further in the accounts
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
+€88,028
Investment
-€17,855
Financing
-€84,675
Cash 2024
€25,298
From operations (derived)
+€88,028
Net result for the year
+€115,380
Depreciation
+€12,425
Stocks and contracts
-€18,165
Receivables within one year
-€5,024
Deferred charges and accrued income
+€3,169
Trade debts
-€27,436
Tax, wage and social debts
+€7,359
Smaller working-capital items
+€321
Investment (derived)
-€17,855
Investment in fixed assets (net)
-€17,855
Financing
-€84,675
Debts after one year
-€76,502
Current portion of long-term debt
-€6,073
Contributions, distributions and other
-€2,100
Cash 2025
€10,796
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,096,693 | €1,107,642 | +€10,949 | +1.0% |
| Fixed assets | 21/28 | €813,668 | €819,099 | +€5,431 | +0.7% |
| Tangible fixed assets | 22/27 | €55,780 | €61,211 | +€5,431 | +9.7% |
| Plant, machinery and equipment | 23 | €46,347 | €49,022 | +€2,676 | +5.8% |
| Furniture and vehicles | 24 | €9,433 | €7,210 | -€2,223 | -23.6% |
| Other tangible fixed assets | 26 | - | €4,978 | +€4,978 | |
| Financial fixed assets | 28 | €757,888 | €757,888 | = | 0.0% |
| Current assets | 29/58 | €283,025 | €288,543 | +€5,518 | +1.9% |
| Stocks and contracts in progress | 3 | €139,752 | €157,917 | +€18,165 | +13.0% |
| Stocks | 30/36 | €139,752 | €157,917 | +€18,165 | +13.0% |
| Amounts receivable within one year | 40/41 | €110,085 | €115,109 | +€5,024 | +4.6% |
| Trade receivables | 40 | €104,780 | €115,109 | +€10,329 | +9.9% |
| Other amounts receivable | 41 | €5,305 | - | -€5,305 | |
| Cash at bank and in hand | 54/58 | €25,298 | €10,796 | -€14,502 | -57.3% |
| Deferred charges and accrued income | 490/1 | €7,890 | €4,721 | -€3,169 | -40.2% |
| Total equity and liabilities | 10/49 | €1,096,693 | €1,107,642 | +€10,949 | +1.0% |
| Equity | 10/15 | €315,345 | €428,624 | +€113,280 | +35.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,285 | €420,564 | +€113,280 | +36.9% |
| Amounts payable | 17/49 | €781,348 | €679,017 | -€102,331 | -13.1% |
| Amounts payable after more than one year | 17 | €519,058 | €442,556 | -€76,502 | -14.7% |
| Financial debts | 170/4 | €519,058 | €442,556 | -€76,502 | -14.7% |
| Amounts payable within one year | 42/48 | €257,484 | €231,600 | -€25,884 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €91,805 | €85,732 | -€6,073 | -6.6% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €92,573 | €65,137 | -€27,436 | -29.6% |
| Suppliers | 440/4 | €92,573 | €65,137 | -€27,436 | -29.6% |
| Taxes, remuneration and social security | 45 | €30,663 | €38,021 | +€7,359 | +24.0% |
| Taxes | 450/3 | €8,563 | €15,352 | +€6,789 | +79.3% |
| Remuneration and social security | 454/9 | €22,099 | €22,669 | +€570 | +2.6% |
| Other amounts payable | 47/48 | €37,443 | €37,710 | +€267 | +0.7% |
| Accrued charges and deferred income | 492/3 | €4,807 | €4,861 | +€54 | +1.1% |
| Remuneration, social security and pensions | 62 | €175,193 | €167,818 | -€7,375 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,409 | €12,425 | +€2,016 | +19.4% |
| Other operating charges | 640/8 | €2,219 | €1,817 | -€402 | -18.1% |
| Non-recurring operating charges | 66A | €30,000 | - | -€30,000 | |
| Gross operating margin | 9900 | €367,861 | €343,245 | -€24,616 | -6.7% |
| Operating profit (loss) | 9901 | €150,040 | €161,185 | +€11,145 | +7.4% |
| Financial income | 75/76B | €2,930 | €634 | -€2,296 | -78.4% |
| Recurring financial income | 75 | €2,930 | €634 | -€2,296 | -78.4% |
| Financial charges | 65/66B | €18,127 | €13,003 | -€5,124 | -28.3% |
| Recurring financial charges | 65 | €18,127 | €13,003 | -€5,124 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €134,844 | €148,816 | +€13,973 | +10.4% |
| Income taxes | 67/77 | €38,195 | €33,437 | -€4,759 | -12.5% |
| Profit (loss) for the period | 9904 | €96,648 | €115,380 | +€18,731 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,648 | €115,380 | +€18,731 | +19.4% |
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 3 November 2026 via checked.be.