GOFRAN: 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.
What changed
GOFRAN
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€146,771
2024 · €139,303+€7,469
Equity
€1.4m
2024 · €1.3m+€146,771
Cash
€10,945
2024 · -+€10,945
Balance sheet total
€1.7m
2024 · €1.6m+€141,199
Largest movements
Assets
- Receivables within one year +€143,105
up €143,105 (+26.1%), from €547,517 to €690,622
of which Other amounts receivable: +€156,787
Equity and liabilities
- Reserves +€146,771
up €146,771 (+14.3%), from €1.0m to €1.2m
of which Distributable reserves: +€146,771
Income statement
- Gross operating margin -€86,680
down €86,680 (-38.9%), from €222,856 to €136,176
- Financial income +€76,600
up €76,600, from €0 to €76,600
- Taxes -€18,572
down €18,572 (-33.8%), from €55,024 to €36,453
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
€139,303
Gross operating margin
-€86,680
Depreciation
-€1,894
Other operating charges
+€327
Financial income
+€76,600
Financial charges
+€544
Taxes
+€18,572
Result 2025
€146,771
raises the resultlowers the result
Derived cash bridge
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
+€27,138
Investment
€0
Financing
-€16,193
Cash 2024
€0
From operations (derived)
+€27,138
Net result for the year
+€146,771
Depreciation
+€12,788
Receivables within one year
-€143,105
Deferred charges and accrued income
+€63
Tax, wage and social debts
+€2,440
Other debts
+€7,775
Accrued charges and deferred income
+€407
Financing
-€16,193
Debts after one year
-€13,161
Current portion of long-term debt
+€366
Short-term financial debts
-€3,398
Cash 2025
€10,945
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,569,099 | €1,710,298 | +€141,199 | +9.0% |
| Fixed assets | 21/28 | €1,021,076 | €1,008,288 | -€12,788 | -1.3% |
| Tangible fixed assets | 22/27 | €54,484 | €41,696 | -€12,788 | -23.5% |
| Plant, machinery and equipment | 23 | €2,699 | €2,412 | -€288 | -10.7% |
| Furniture and vehicles | 24 | €51,785 | €39,285 | -€12,500 | -24.1% |
| Financial fixed assets | 28 | €966,591 | €966,591 | = | 0.0% |
| Current assets | 29/58 | €548,023 | €702,010 | +€153,987 | +28.1% |
| Amounts receivable within one year | 40/41 | €547,517 | €690,622 | +€143,105 | +26.1% |
| Trade receivables | 40 | €13,687 | €5 | -€13,682 | -100.0% |
| Other amounts receivable | 41 | €533,830 | €690,617 | +€156,787 | +29.4% |
| Cash at bank and in hand | 54/58 | - | €10,945 | +€10,945 | |
| Deferred charges and accrued income | 490/1 | €506 | €443 | -€63 | -12.4% |
| Total equity and liabilities | 10/49 | €1,569,099 | €1,710,298 | +€141,199 | +9.0% |
| Equity | 10/15 | €1,260,264 | €1,407,035 | +€146,771 | +11.6% |
| Contributions | 10/11 | €235,500 | €235,500 | = | 0.0% |
| Reserves | 13 | €1,024,764 | €1,171,535 | +€146,771 | +14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,024,764 | €1,171,535 | +€146,771 | +14.3% |
| Amounts payable | 17/49 | €308,835 | €303,263 | -€5,572 | -1.8% |
| Amounts payable after more than one year | 17 | €233,354 | €220,193 | -€13,161 | -5.6% |
| Financial debts | 170/4 | €233,354 | €220,193 | -€13,161 | -5.6% |
| Amounts payable within one year | 42/48 | €70,656 | €77,838 | +€7,182 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €12,795 | €13,161 | +€366 | +2.9% |
| Financial debts | 43 | €6,761 | €3,362 | -€3,398 | -50.3% |
| Credit institutions | 430/8 | €6,761 | €3,362 | -€3,398 | -50.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,739 | €22,179 | +€2,440 | +12.4% |
| Taxes | 450/3 | €19,739 | €22,179 | +€2,440 | +12.4% |
| Other amounts payable | 47/48 | €31,361 | €39,135 | +€7,775 | +24.8% |
| Accrued charges and deferred income | 492/3 | €4,825 | €5,232 | +€407 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,894 | €12,788 | +€1,894 | +17.4% |
| Other operating charges | 640/8 | €1,440 | €1,113 | -€327 | -22.7% |
| Gross operating margin | 9900 | €222,856 | €136,176 | -€86,680 | -38.9% |
| Operating profit (loss) | 9901 | €210,522 | €122,275 | -€88,247 | -41.9% |
| Financial income | 75/76B | €0 | €76,600 | +€76,600 | |
| Recurring financial income | 75 | €0 | €76,600 | +€76,600 | |
| Financial charges | 65/66B | €16,195 | €15,651 | -€544 | -3.4% |
| Recurring financial charges | 65 | €16,195 | €15,651 | -€544 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €194,327 | €183,224 | -€11,103 | -5.7% |
| Income taxes | 67/77 | €55,024 | €36,453 | -€18,572 | -33.8% |
| Profit (loss) for the period | 9904 | €139,303 | €146,771 | +€7,469 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,303 | €146,771 | +€7,469 | +5.4% |
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 15 October 2026 via checked.be.