GLOPHARMA: what changed
What changed
GLOPHARMA
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€222,275
2024 · €204,464+€17,811
Equity
€2.1m
2024 · €1.9m+€222,275
Cash
€220,770
2024 · €239,467-€18,697
Balance sheet total
€3.6m
2024 · €3.6m+€9,225
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€222,275
up €222,275 (+11.9%), from €1.9m to €2.1m
- Debts after one year -€179,176
down €179,176 (-17.4%), from €1.0m to €851,411
- Other debts -€53,983
down €53,983 (-11.9%), from €454,514 to €400,531
Income statement
- Gross operating margin +€41,096
up €41,096 (+11.3%), from €363,627 to €404,723
- Financial charges +€14,120
up €14,120 (+26.6%), from €53,059 to €67,178
- Taxes +€5,674
up €5,674 (+6.1%), from €93,204 to €98,878
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
€204,464
Gross operating margin
+€41,096
Depreciation
-€2,939
Other operating charges
+€925
Financial income
-€1,477
Financial charges
-€14,120
Taxes
-€5,674
Result 2025
€222,275
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
+€199,679
Investment
-€39,416
Financing
-€178,960
Cash 2024
€239,467
From operations (derived)
+€199,679
Net result for the year
+€222,275
Depreciation
+€15,107
Stocks and contracts
-€13,467
Receivables within one year
+€9,872
Deferred charges and accrued income
-€18
Trade debts
+€6,127
Tax, wage and social debts
-€4,945
Other debts
-€53,983
Accrued charges and deferred income
+€18,710
Investment (derived)
-€39,416
Investment in fixed assets (net)
-€39,416
Financing
-€178,960
Debts after one year
-€179,176
Current portion of long-term debt
+€216
Cash 2025
€220,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,594,390 | €3,603,614 | +€9,225 | +0.3% |
| Fixed assets | 21/28 | €3,319,728 | €3,344,036 | +€24,308 | +0.7% |
| Tangible fixed assets | 22/27 | €346,551 | €370,859 | +€24,308 | +7.0% |
| Land and buildings | 22 | €336,356 | €350,020 | +€13,664 | +4.1% |
| Plant, machinery and equipment | 23 | €4,694 | €4,694 | = | 0.0% |
| Furniture and vehicles | 24 | €5,500 | €16,144 | +€10,644 | +194% |
| Financial fixed assets | 28 | €2,973,177 | €2,973,177 | = | 0.0% |
| Current assets | 29/58 | €274,662 | €259,578 | -€15,084 | -5.5% |
| Stocks and contracts in progress | 3 | - | €13,467 | +€13,467 | |
| Stocks | 30/36 | - | €13,467 | +€13,467 | |
| Amounts receivable within one year | 40/41 | €34,612 | €24,740 | -€9,872 | -28.5% |
| Trade receivables | 40 | €5,560 | €5,660 | +€100 | +1.8% |
| Other amounts receivable | 41 | €29,052 | €19,080 | -€9,972 | -34.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,467 | €220,770 | -€18,697 | -7.8% |
| Deferred charges and accrued income | 490/1 | €583 | €601 | +€18 | +3.0% |
| Total equity and liabilities | 10/49 | €3,594,390 | €3,603,614 | +€9,225 | +0.3% |
| Equity | 10/15 | €1,894,297 | €2,116,572 | +€222,275 | +11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,874,297 | €2,096,572 | +€222,275 | +11.9% |
| Distributable reserves | 133 | €1,874,297 | €2,096,572 | +€222,275 | +11.9% |
| Amounts payable | 17/49 | €1,700,093 | €1,487,042 | -€213,051 | -12.5% |
| Amounts payable after more than one year | 17 | €1,030,587 | €851,411 | -€179,176 | -17.4% |
| Financial debts | 170/4 | €1,030,587 | €851,411 | -€179,176 | -17.4% |
| Amounts payable within one year | 42/48 | €665,028 | €612,443 | -€52,584 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €178,960 | €179,176 | +€216 | +0.1% |
| Trade debts | 44 | €756 | €6,883 | +€6,127 | +811% |
| Suppliers | 440/4 | €756 | €6,883 | +€6,127 | +811% |
| Taxes, remuneration and social security | 45 | €30,798 | €25,853 | -€4,945 | -16.1% |
| Taxes | 450/3 | €30,798 | €25,853 | -€4,945 | -16.1% |
| Other amounts payable | 47/48 | €454,514 | €400,531 | -€53,983 | -11.9% |
| Accrued charges and deferred income | 492/3 | €4,478 | €23,188 | +€18,710 | +418% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,168 | €15,107 | +€2,939 | +24.2% |
| Other operating charges | 640/8 | €2,747 | €1,821 | -€925 | -33.7% |
| Gross operating margin | 9900 | €363,627 | €404,723 | +€41,096 | +11.3% |
| Operating profit (loss) | 9901 | €348,713 | €387,795 | +€39,082 | +11.2% |
| Financial income | 75/76B | €2,014 | €537 | -€1,477 | -73.3% |
| Recurring financial income | 75 | €2,014 | €537 | -€1,477 | -73.3% |
| Financial charges | 65/66B | €53,059 | €67,178 | +€14,120 | +26.6% |
| Recurring financial charges | 65 | €53,059 | €67,178 | +€14,120 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €297,668 | €321,153 | +€23,485 | +7.9% |
| Income taxes | 67/77 | €93,204 | €98,878 | +€5,674 | +6.1% |
| Profit (loss) for the period | 9904 | €204,464 | €222,275 | +€17,811 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €204,464 | €222,275 | +€17,811 | +8.7% |
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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 2 November 2026 via checked.be.