HANIN PHARMA: 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
HANIN PHARMA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€142,985
2024 · €209,698-€66,713
Equity
€1.2m
2024 · €1.1m+€102,985
Cash
€5,838
2024 · €858+€4,981
Balance sheet total
€3.6m
2024 · €3.6m-€21,712
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€185,602
down €185,602 (-8.8%), from €2.1m to €1.9m
- Profit (loss) carried forward +€102,985
up €102,985 (+12.1%), from €853,226 to €956,211
Income statement
- Gross operating margin -€110,962
down €110,962 (-32.5%), from €340,932 to €229,970
- Financial income +€23,753
up €23,753 (+981%), from €2,420 to €26,173
of which Non-recurring financial income: +€17,926
- Taxes -€22,480
down €22,480 (-31.7%), from €70,958 to €48,479
- Financial charges +€12,580
up €12,580 (+36.2%), from €34,734 to €47,313
- Depreciation -€10,924
down €10,924 (-44.8%), from €24,381 to €13,457
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
€209,698
Gross operating margin
-€110,962
Depreciation
+€10,924
Other operating charges
-€328
Financial income
+€23,753
Financial charges
-€12,580
Taxes
+€22,480
Result 2025
€142,985
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
+€188,487
Investment
+€7,198
Financing
-€190,704
Cash 2024
€858
From operations (derived)
+€188,487
Net result for the year
+€142,985
Depreciation
+€13,457
Receivables within one year
+€17,675
Deferred charges and accrued income
-€11,637
Trade debts
+€32,794
Tax, wage and social debts
+€12,418
Other debts
-€20,985
Accrued charges and deferred income
+€1,780
Investment (derived)
+€7,198
Investment in fixed assets (net)
+€7,198
Financing
-€190,704
Debts after one year
-€185,602
Current portion of long-term debt
+€34,898
Contributions, distributions and other
-€40,000
Cash 2025
€5,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,646,473 | €3,624,761 | -€21,712 | -0.6% |
| Fixed assets | 21/28 | €3,393,292 | €3,372,638 | -€20,655 | -0.6% |
| Tangible fixed assets | 22/27 | €458,003 | €437,349 | -€20,655 | -4.5% |
| Land and buildings | 22 | €436,564 | €426,470 | -€10,094 | -2.3% |
| Furniture and vehicles | 24 | €15,925 | €6,383 | -€9,542 | -59.9% |
| Other tangible fixed assets | 26 | €5,515 | €4,496 | -€1,018 | -18.5% |
| Financial fixed assets | 28 | €2,935,289 | €2,935,289 | = | 0.0% |
| Current assets | 29/58 | €253,181 | €252,123 | -€1,058 | -0.4% |
| Amounts receivable within one year | 40/41 | €251,360 | €233,685 | -€17,675 | -7.0% |
| Trade receivables | 40 | €186,995 | €214,820 | +€27,825 | +14.9% |
| Other amounts receivable | 41 | €64,365 | €18,865 | -€45,500 | -70.7% |
| Cash at bank and in hand | 54/58 | €858 | €5,838 | +€4,981 | +581% |
| Deferred charges and accrued income | 490/1 | €963 | €12,600 | +€11,637 | +1,208% |
| Total equity and liabilities | 10/49 | €3,646,473 | €3,624,761 | -€21,712 | -0.6% |
| Equity | 10/15 | €1,056,776 | €1,159,761 | +€102,985 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,950 | €184,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,600 | €37,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,600 | €37,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €853,226 | €956,211 | +€102,985 | +12.1% |
| Amounts payable | 17/49 | €2,589,697 | €2,465,000 | -€124,697 | -4.8% |
| Amounts payable after more than one year | 17 | €2,101,669 | €1,916,068 | -€185,602 | -8.8% |
| Financial debts | 170/4 | €2,101,669 | €1,916,068 | -€185,602 | -8.8% |
| Amounts payable within one year | 42/48 | €488,028 | €547,152 | +€59,125 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €172,915 | €207,812 | +€34,898 | +20.2% |
| Trade debts | 44 | €39,648 | €72,443 | +€32,794 | +82.7% |
| Suppliers | 440/4 | €39,648 | €24,443 | -€15,206 | -38.4% |
| Bills of exchange payable | 441 | - | €48,000 | +€48,000 | |
| Taxes, remuneration and social security | 45 | €27,397 | €39,815 | +€12,418 | +45.3% |
| Taxes | 450/3 | €27,397 | €39,815 | +€12,418 | +45.3% |
| Other amounts payable | 47/48 | €248,068 | €227,082 | -€20,985 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €1,780 | +€1,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,381 | €13,457 | -€10,924 | -44.8% |
| Other operating charges | 640/8 | €3,582 | €3,910 | +€328 | +9.2% |
| Gross operating margin | 9900 | €340,932 | €229,970 | -€110,962 | -32.5% |
| Operating profit (loss) | 9901 | €312,970 | €212,604 | -€100,366 | -32.1% |
| Financial income | 75/76B | €2,420 | €26,173 | +€23,753 | +981% |
| Recurring financial income | 75 | €2,420 | €8,247 | +€5,827 | +241% |
| Non-recurring financial income | 76B | - | €17,926 | +€17,926 | |
| Financial charges | 65/66B | €34,734 | €47,313 | +€12,580 | +36.2% |
| Recurring financial charges | 65 | €34,734 | €47,313 | +€12,580 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €280,656 | €191,463 | -€89,193 | -31.8% |
| Income taxes | 67/77 | €70,958 | €48,479 | -€22,480 | -31.7% |
| Profit (loss) for the period | 9904 | €209,698 | €142,985 | -€66,713 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €209,698 | €142,985 | -€66,713 | -31.8% |
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.