HEW 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.
HEW PHARMA
Largest movements
- Receivables within one year -€104,359
down €104,359 (-54.6%), from €191,120 to €86,762
of which Other amounts receivable: -€118,035
- Cash +€58,366
up €58,366 (+13.6%), from €429,384 to €487,751
mainly Receivables within one year (+€104,359) and Net result for the year (+€30,396)
- Stocks and contracts +€46,334
up €46,334 (+15.3%), from €302,373 to €348,707
- Tangible fixed assets +€16,588
up €16,588 (+25.2%), from €65,727 to €82,316
of which Plant, machinery and equipment: +€13,752
- Trade debts -€36,931
down €36,931 (-7.3%), from €503,643 to €466,712
- Profit (loss) carried forward +€30,396
up €30,396 (+13.2%), from €230,232 to €260,627
- Other debts +€11,671
up €11,671 (+47.2%), from €24,711 to €36,382
- Tax, wage and social debts +€10,412
up €10,412 (+19.8%), from €52,561 to €62,974
of which Taxes: +€7,240
- Gross operating margin +€100,416
up €100,416 (+340.1%), from €29,521 to €129,937
- Staff costs +€23,518
up €23,518 (+33.9%), from €69,344 to €92,863
- Taxes -€14,480
down €14,480 (-159.6%), from -€9,072 to -€23,552
- Depreciation +€7,581
up €7,581 (+39.7%), from €19,077 to €26,658
- Other operating charges +€4,185
up €4,185 (+489.1%), from €856 to €5,040
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.
Cash bridge derived
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 | €989,236 | €1,006,059 | +€16,823 | +1.7% |
| Fixed assets | 21/28 | €65,727 | €82,316 | +€16,588 | +25.2% |
| Tangible fixed assets | 22/27 | €65,727 | €82,316 | +€16,588 | +25.2% |
| Plant, machinery and equipment | 23 | €65,405 | €79,157 | +€13,752 | +21.0% |
| Furniture and vehicles | 24 | €323 | €3,159 | +€2,836 | +879.4% |
| Current assets | 29/58 | €923,509 | €923,744 | +€235 | 0.0% |
| Stocks and contracts in progress | 3 | €302,373 | €348,707 | +€46,334 | +15.3% |
| Stocks | 30/36 | €302,373 | €348,707 | +€46,334 | +15.3% |
| Amounts receivable within one year | 40/41 | €191,120 | €86,762 | -€104,359 | -54.6% |
| Trade receivables | 40 | €57,674 | €71,351 | +€13,677 | +23.7% |
| Other amounts receivable | 41 | €133,446 | €15,411 | -€118,035 | -88.5% |
| Cash at bank and in hand | 54/58 | €429,384 | €487,751 | +€58,366 | +13.6% |
| Deferred charges and accrued income | 490/1 | €631 | €524 | -€107 | -17.0% |
| Total equity and liabilities | 10/49 | €989,236 | €1,006,059 | +€16,823 | +1.7% |
| Equity | 10/15 | €248,782 | €279,177 | +€30,396 | +12.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,232 | €260,627 | +€30,396 | +13.2% |
| Amounts payable | 17/49 | €740,455 | €726,882 | -€13,573 | -1.8% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Financial debts | 170/4 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €650,455 | €636,882 | -€13,573 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €69,539 | €70,814 | +€1,275 | +1.8% |
| Trade debts | 44 | €503,643 | €466,712 | -€36,931 | -7.3% |
| Suppliers | 440/4 | €503,643 | €466,712 | -€36,931 | -7.3% |
| Taxes, remuneration and social security | 45 | €52,561 | €62,974 | +€10,412 | +19.8% |
| Taxes | 450/3 | €29,473 | €36,713 | +€7,240 | +24.6% |
| Remuneration and social security | 454/9 | €23,088 | €26,260 | +€3,172 | +13.7% |
| Other amounts payable | 47/48 | €24,711 | €36,382 | +€11,671 | +47.2% |
| Remuneration, social security and pensions | 62 | €69,344 | €92,863 | +€23,518 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,077 | €26,658 | +€7,581 | +39.7% |
| Other operating charges | 640/8 | €856 | €5,040 | +€4,185 | +489.1% |
| Non-recurring operating charges | 66A | €35,550 | €0 | -€35,550 | -100.0% |
| Gross operating margin | 9900 | €29,521 | €129,937 | +€100,416 | +340.1% |
| Operating profit (loss) | 9901 | -€95,306 | €5,377 | +€100,682 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,056 | -€1,465 | -€2,521 | |
| Recurring financial charges | 65 | €1,056 | -€1,465 | -€2,521 | |
| Profit (loss) for the period before taxes | 9903 | -€96,362 | €6,843 | +€103,205 | |
| Income taxes | 67/77 | -€9,072 | -€23,552 | -€14,480 | -159.6% |
| Profit (loss) for the period | 9904 | -€87,290 | €30,396 | +€117,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,290 | €30,396 | +€117,686 |
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 9 October 2026 via checked.be.