Felipharm: 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.
Felipharm
Largest movements
- Cash +€33,858
up €33,858 (+138.5%), from €24,441 to €58,298
mainly Net result for the year (+€43,625) and Tax, wage and social debts (+€9,718)
- Receivables within one year +€13,188
up €13,188 (+743.9%), from €1,773 to €14,960
of which Other amounts receivable: +€13,413
- Tangible fixed assets +€1,215
new in 2025: €1,215
- Reserves +€43,000
up €43,000 (+430.0%), from €10,000 to €53,000
- Tax, wage and social debts +€9,718
up €9,718 (+104.0%), from €9,341 to €19,059
- Trade debts -€2,345
down €2,345 (-98.8%), from €2,372 to €28
- Other debts -€1,758
down €1,758 (-67.8%), from €2,591 to €833
- Gross operating margin +€40,506
up €40,506 (+262.6%), from €15,427 to €55,933
- Taxes +€8,622
up €8,622 (+291.7%), from €2,956 to €11,579
- Financial charges -€735
down €735 (-95.1%), from €773 to €38
- Depreciation +€588
new in 2025: €588
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,213 | €74,620 | +€48,407 | +184.7% |
| Fixed assets | 21/28 | - | €1,215 | +€1,215 | |
| Tangible fixed assets | 22/27 | - | €1,215 | +€1,215 | |
| Furniture and vehicles | 24 | - | €1,215 | +€1,215 | |
| Current assets | 29/58 | €26,213 | €73,405 | +€47,192 | +180.0% |
| Amounts receivable within one year | 40/41 | €1,773 | €14,960 | +€13,188 | +743.9% |
| Trade receivables | 40 | €1,725 | €1,500 | -€225 | -13.0% |
| Other amounts receivable | 41 | €47 | €13,460 | +€13,413 | +28422.6% |
| Cash at bank and in hand | 54/58 | €24,441 | €58,298 | +€33,858 | +138.5% |
| Deferred charges and accrued income | 490/1 | - | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €26,213 | €74,620 | +€48,407 | +184.7% |
| Equity | 10/15 | €11,909 | €54,701 | +€42,792 | +359.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €53,000 | +€43,000 | +430.0% |
| Distributable reserves | 133 | €10,000 | €53,000 | +€43,000 | +430.0% |
| Profit (loss) carried forward | 14 | €409 | €201 | -€208 | -50.9% |
| Amounts payable | 17/49 | €14,304 | €19,920 | +€5,615 | +39.3% |
| Amounts payable within one year | 42/48 | €14,304 | €19,920 | +€5,615 | +39.3% |
| Trade debts | 44 | €2,372 | €28 | -€2,345 | -98.8% |
| Suppliers | 440/4 | €2,372 | €28 | -€2,345 | -98.8% |
| Taxes, remuneration and social security | 45 | €9,341 | €19,059 | +€9,718 | +104.0% |
| Taxes | 450/3 | €9,341 | €19,059 | +€9,718 | +104.0% |
| Other amounts payable | 47/48 | €2,591 | €833 | -€1,758 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €588 | +€588 | |
| Other operating charges | 640/8 | €430 | €251 | -€179 | -41.6% |
| Gross operating margin | 9900 | €15,427 | €55,933 | +€40,506 | +262.6% |
| Operating profit (loss) | 9901 | €14,997 | €55,094 | +€40,097 | +267.4% |
| Financial income | 75/76B | - | €147 | +€147 | |
| Recurring financial income | 75 | - | €147 | +€147 | |
| Financial charges | 65/66B | €773 | €38 | -€735 | -95.1% |
| Recurring financial charges | 65 | €773 | €38 | -€735 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €14,224 | €55,203 | +€40,979 | +288.1% |
| Income taxes | 67/77 | €2,956 | €11,579 | +€8,622 | +291.7% |
| Profit (loss) for the period | 9904 | €11,268 | €43,625 | +€32,357 | +287.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,268 | €43,625 | +€32,357 | +287.2% |
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 12 October 2026 via checked.be.