HAINAPHARMA: 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.
HAINAPHARMA
Largest movements
- Financial fixed assets +€172,201
up €172,201 (+25.0%), from €688,594 to €860,795
- Tangible fixed assets -€129,462
down €129,462 (-5.6%), from €2.3m to €2.2m
of which Other tangible fixed assets: -€76,282
- Receivables within one year +€121,253
up €121,253 (+48.0%), from €252,709 to €373,961
of which Trade receivables: +€97,835
- Reserves +€195,380
up €195,380 (+10.9%), from €1.8m to €2.0m
of which Distributable reserves: +€195,380
- Trade debts +€54,305
up €54,305 (+17.0%), from €319,044 to €373,349
- Financial charges -€88,097
down €88,097 (-49.9%), from €176,703 to €88,606
of which Non-recurring financial charges: -€80,489
- Gross operating margin -€46,923
down €46,923 (-5.1%), from €924,984 to €878,061
- Financial income +€33,668
up €33,668 (+29.9%), from €112,447 to €146,114
of which Non-recurring financial income: +€25,029
- Depreciation -€19,974
down €19,974 (-8.8%), from €228,041 to €208,067
- Other operating charges +€14,116
up €14,116 (+180%), from €7,833 to €21,949
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,817,777 | €4,026,691 | +€208,914 | +5.5% |
| Fixed assets | 21/28 | €3,001,066 | €3,043,805 | +€42,738 | +1.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,312,472 | €2,183,010 | -€129,462 | -5.6% |
| Land and buildings | 22 | €1,941,227 | €1,898,703 | -€42,524 | -2.2% |
| Plant, machinery and equipment | 23 | €5,933 | €4,866 | -€1,067 | -18.0% |
| Furniture and vehicles | 24 | €27,227 | €17,638 | -€9,589 | -35.2% |
| Other tangible fixed assets | 26 | €338,085 | €261,803 | -€76,282 | -22.6% |
| Financial fixed assets | 28 | €688,594 | €860,795 | +€172,201 | +25.0% |
| Current assets | 29/58 | €816,711 | €982,886 | +€166,175 | +20.3% |
| Stocks and contracts in progress | 3 | €339,569 | €359,449 | +€19,880 | +5.9% |
| Stocks | 30/36 | €339,569 | €359,449 | +€19,880 | +5.9% |
| Amounts receivable within one year | 40/41 | €252,709 | €373,961 | +€121,253 | +48.0% |
| Trade receivables | 40 | €220,963 | €318,798 | +€97,835 | +44.3% |
| Other amounts receivable | 41 | €31,746 | €55,163 | +€23,417 | +73.8% |
| Cash at bank and in hand | 54/58 | €215,616 | €236,470 | +€20,854 | +9.7% |
| Deferred charges and accrued income | 490/1 | €8,818 | €13,006 | +€4,188 | +47.5% |
| Total equity and liabilities | 10/49 | €3,817,777 | €4,026,691 | +€208,914 | +5.5% |
| Equity | 10/15 | €1,820,569 | €2,015,950 | +€195,381 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,799,605 | €1,994,985 | +€195,380 | +10.9% |
| Tax-exempt reserves | 132 | €32,045 | €32,045 | = | 0.0% |
| Distributable reserves | 133 | €1,767,560 | €1,962,940 | +€195,380 | +11.1% |
| Profit (loss) carried forward | 14 | €2,364 | €2,365 | +€1 | +0.1% |
| Amounts payable | 17/49 | €1,997,208 | €2,010,741 | +€13,533 | +0.7% |
| Amounts payable after more than one year | 17 | €1,353,148 | €1,324,082 | -€29,066 | -2.1% |
| Financial debts | 170/4 | €583,112 | €431,977 | -€151,135 | -25.9% |
| Other amounts payable | 178/9 | €770,036 | €892,106 | +€122,070 | +15.9% |
| Amounts payable within one year | 42/48 | €580,998 | €627,369 | +€46,371 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €154,711 | €151,135 | -€3,576 | -2.3% |
| Financial debts | 43 | €433 | €352 | -€81 | -18.6% |
| Credit institutions | 430/8 | €433 | €352 | -€81 | -18.6% |
| Trade debts | 44 | €319,044 | €373,349 | +€54,305 | +17.0% |
| Suppliers | 440/4 | €319,044 | €373,349 | +€54,305 | +17.0% |
| Taxes, remuneration and social security | 45 | €98,770 | €91,439 | -€7,331 | -7.4% |
| Taxes | 450/3 | €25,449 | €30,235 | +€4,786 | +18.8% |
| Remuneration and social security | 454/9 | €73,321 | €61,205 | -€12,117 | -16.5% |
| Other amounts payable | 47/48 | €8,041 | €11,094 | +€3,053 | +38.0% |
| Accrued charges and deferred income | 492/3 | €63,062 | €59,289 | -€3,772 | -6.0% |
| Remuneration, social security and pensions | 62 | €434,531 | €445,004 | +€10,473 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,041 | €208,067 | -€19,974 | -8.8% |
| Other operating charges | 640/8 | €7,833 | €21,949 | +€14,116 | +180% |
| Non-recurring operating charges | 66A | €64,279 | €14,748 | -€49,531 | -77.1% |
| Gross operating margin | 9900 | €924,984 | €878,061 | -€46,923 | -5.1% |
| Operating profit (loss) | 9901 | €190,299 | €188,292 | -€2,006 | -1.1% |
| Financial income | 75/76B | €112,447 | €146,114 | +€33,668 | +29.9% |
| Recurring financial income | 75 | €45,866 | €54,505 | +€8,639 | +18.8% |
| Non-recurring financial income | 76B | €66,580 | €91,609 | +€25,029 | +37.6% |
| Financial charges | 65/66B | €176,703 | €88,606 | -€88,097 | -49.9% |
| Recurring financial charges | 65 | €72,011 | €64,403 | -€7,608 | -10.6% |
| Non-recurring financial charges | 66B | €104,692 | €24,203 | -€80,489 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €126,043 | €245,801 | +€119,758 | +95.0% |
| Income taxes | 67/77 | €56,781 | €50,420 | -€6,361 | -11.2% |
| Profit (loss) for the period | 9904 | €69,262 | €195,381 | +€126,119 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €69,262 | €195,381 | +€126,119 | +182% |
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 18 October 2026 via checked.be.