HAROMED: 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
HAROMED
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€272,779
2024 · €150,761+€122,018
Equity
€1.4m
2024 · €1.2m+€140,687
Cash
€859,100
2024 · €634,561+€224,539
Balance sheet total
€1.5m
2024 · €1.4m+€99,369
Largest movements
Assets
- Cash +€224,539
up €224,539 (+35.4%), from €634,561 to €859,100
mainly Net result for the year (+€272,779) and Receivables after one year (+€119,000)
- Receivables after one year -€119,000
down €119,000 (-100%), from €119,000 to €0
- Stocks and contracts +€26,106
up €26,106 (+8.9%), from €291,972 to €318,078
- Tangible fixed assets -€16,689
down €16,689 (-8.9%), from €186,991 to €170,302
of which Plant, machinery and equipment: -€23,061
Equity and liabilities
- Reserves +€140,687
up €140,687 (+11.5%), from €1.2m to €1.4m
- Debts after one year -€30,833
down €30,833 (-66.8%), from €46,147 to €15,314
Income statement
- Gross operating margin +€187,571
up €187,571 (+49.6%), from €378,034 to €565,606
- Taxes +€56,641
up €56,641 (+81.7%), from €69,340 to €125,980
- Staff costs +€6,418
up €6,418 (+7.3%), from €88,237 to €94,655
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
€150,761
Gross operating margin
+€187,571
Staff costs
-€6,418
Depreciation
-€1,541
Other operating charges
-€8
Financial income
-€2,751
Financial charges
+€1,805
Taxes
-€56,641
Result 2025
€272,779
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
+€452,593
Investment
-€44,500
Financing
-€183,554
Cash 2024
€634,561
From operations (derived)
+€452,593
Net result for the year
+€272,779
Depreciation
+€61,806
Receivables after one year
+€119,000
Stocks and contracts
-€26,106
Receivables within one year
+€13,569
Deferred charges and accrued income
+€1,402
Trade debts
-€2,498
Tax, wage and social debts
+€13,051
Other debts
-€717
Accrued charges and deferred income
+€308
Investment (derived)
-€44,500
Investment in fixed assets (net)
-€44,500
Financing
-€183,554
Debts after one year
-€30,833
Current portion of long-term debt
-€10,419
Short-term financial debts
-€10,210
Contributions, distributions and other
-€132,092
Cash 2025
€859,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,420,334 | €1,519,703 | +€99,369 | +7.0% |
| Fixed assets | 21/28 | €187,749 | €170,444 | -€17,306 | -9.2% |
| Intangible fixed assets | 21 | €700 | €83 | -€616 | -88.1% |
| Tangible fixed assets | 22/27 | €186,991 | €170,302 | -€16,689 | -8.9% |
| Land and buildings | 22 | €44,883 | €37,924 | -€6,959 | -15.5% |
| Plant, machinery and equipment | 23 | €52,637 | €29,576 | -€23,061 | -43.8% |
| Furniture and vehicles | 24 | €79,566 | €96,771 | +€17,205 | +21.6% |
| Other tangible fixed assets | 26 | €9,905 | €6,030 | -€3,875 | -39.1% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €1,232,585 | €1,349,259 | +€116,674 | +9.5% |
| Amounts receivable after more than one year | 29 | €119,000 | €0 | -€119,000 | -100% |
| Other amounts receivable | 291 | €119,000 | €0 | -€119,000 | -100% |
| Stocks and contracts in progress | 3 | €291,972 | €318,078 | +€26,106 | +8.9% |
| Stocks | 30/36 | €291,972 | €318,078 | +€26,106 | +8.9% |
| Amounts receivable within one year | 40/41 | €177,087 | €163,518 | -€13,569 | -7.7% |
| Trade receivables | 40 | €157,768 | €144,529 | -€13,239 | -8.4% |
| Other amounts receivable | 41 | €19,319 | €18,989 | -€330 | -1.7% |
| Cash at bank and in hand | 54/58 | €634,561 | €859,100 | +€224,539 | +35.4% |
| Deferred charges and accrued income | 490/1 | €9,965 | €8,563 | -€1,402 | -14.1% |
| Total equity and liabilities | 10/49 | €1,420,334 | €1,519,703 | +€99,369 | +7.0% |
| Equity | 10/15 | €1,226,928 | €1,367,615 | +€140,687 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,220,229 | €1,360,916 | +€140,687 | +11.5% |
| Distributable reserves | 133 | €1,220,229 | €1,360,916 | +€140,687 | +11.5% |
| Profit (loss) carried forward | 14 | €498 | €498 | = | 0.0% |
| Amounts payable | 17/49 | €193,407 | €152,088 | -€41,318 | -21.4% |
| Amounts payable after more than one year | 17 | €46,147 | €15,314 | -€30,833 | -66.8% |
| Financial debts | 170/4 | €46,147 | €15,314 | -€30,833 | -66.8% |
| Amounts payable within one year | 42/48 | €145,400 | €134,606 | -€10,794 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €41,252 | €30,833 | -€10,419 | -25.3% |
| Financial debts | 43 | €10,210 | €0 | -€10,210 | -100% |
| Credit institutions | 430/8 | €10,210 | €0 | -€10,210 | -100% |
| Trade debts | 44 | €61,531 | €59,032 | -€2,498 | -4.1% |
| Suppliers | 440/4 | €61,531 | €59,032 | -€2,498 | -4.1% |
| Taxes, remuneration and social security | 45 | €30,864 | €43,915 | +€13,051 | +42.3% |
| Taxes | 450/3 | €20,602 | €25,205 | +€4,603 | +22.3% |
| Remuneration and social security | 454/9 | €10,262 | €18,710 | +€8,448 | +82.3% |
| Other amounts payable | 47/48 | €1,543 | €826 | -€717 | -46.5% |
| Accrued charges and deferred income | 492/3 | €1,860 | €2,168 | +€308 | +16.6% |
| Remuneration, social security and pensions | 62 | €88,237 | €94,655 | +€6,418 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,265 | €61,806 | +€1,541 | +2.6% |
| Other operating charges | 640/8 | €7,936 | €7,944 | +€8 | +0.1% |
| Gross operating margin | 9900 | €378,034 | €565,606 | +€187,571 | +49.6% |
| Operating profit (loss) | 9901 | €221,596 | €401,201 | +€179,605 | +81.1% |
| Financial income | 75/76B | €3,526 | €774 | -€2,751 | -78.0% |
| Recurring financial income | 75 | €3,526 | €774 | -€2,751 | -78.0% |
| Financial charges | 65/66B | €5,021 | €3,216 | -€1,805 | -35.9% |
| Recurring financial charges | 65 | €5,021 | €3,216 | -€1,805 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €220,101 | €398,759 | +€178,658 | +81.2% |
| Income taxes | 67/77 | €69,340 | €125,980 | +€56,641 | +81.7% |
| Profit (loss) for the period | 9904 | €150,761 | €272,779 | +€122,018 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,761 | €272,779 | +€122,018 | +80.9% |
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 14 October 2026 via checked.be.