HOESELTPHARMA: what changed
Two fiscal 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.
HOESELTPHARMA
Largest movements
- Cash -€150,487
down €150,487 (-21.0%), from €716,094 to €565,607
mainly Other debts (-€307,465) and Debts after one year (-€32,872)
- Tangible fixed assets -€83,303
down €83,303 (-9.5%), from €873,167 to €789,864
of which Plant, machinery and equipment: -€64,003
- Receivables within one year +€20,106
up €20,106 (+16.0%), from €125,722 to €145,828
of which Trade receivables: +€20,699
- Other debts -€307,465
down €307,465 (-78.9%), from €389,629 to €82,164
- Reserves +€115,196
up €115,196 (+13.6%), from €845,348 to €960,544
- Debts after one year -€32,872
down €32,872 (-11.1%), from €297,051 to €264,179
- Staff costs +€16,803
up €16,803 (+8.3%), from €202,357 to €219,159
- Gross operating margin -€14,164
down €14,164 (-2.8%), from €511,748 to €497,584
- Financial charges -€13,971
down €13,971 (-38.5%), from €36,317 to €22,346
- Financial income +€5,245
up €5,245 (+1859.8%), from €282 to €5,527
- Taxes -€5,158
down €5,158 (-9.6%), from €53,684 to €48,526
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 | €1,972,165 | €1,755,104 | -€217,062 | -11.0% |
| Fixed assets | 21/28 | €873,167 | €789,864 | -€83,303 | -9.5% |
| Tangible fixed assets | 22/27 | €873,167 | €789,864 | -€83,303 | -9.5% |
| Land and buildings | 22 | €203,315 | €196,875 | -€6,440 | -3.2% |
| Plant, machinery and equipment | 23 | €610,237 | €546,234 | -€64,003 | -10.5% |
| Furniture and vehicles | 24 | €59,615 | €46,756 | -€12,859 | -21.6% |
| Current assets | 29/58 | €1,098,998 | €965,239 | -€133,759 | -12.2% |
| Stocks and contracts in progress | 3 | €159,432 | €164,718 | +€5,286 | +3.3% |
| Stocks | 30/36 | €159,432 | €164,718 | +€5,286 | +3.3% |
| Amounts receivable within one year | 40/41 | €125,722 | €145,828 | +€20,106 | +16.0% |
| Trade receivables | 40 | €116,838 | €137,537 | +€20,699 | +17.7% |
| Other amounts receivable | 41 | €8,884 | €8,291 | -€593 | -6.7% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €716,094 | €565,607 | -€150,487 | -21.0% |
| Deferred charges and accrued income | 490/1 | €17,751 | €9,086 | -€8,664 | -48.8% |
| Total equity and liabilities | 10/49 | €1,972,165 | €1,755,104 | -€217,062 | -11.0% |
| Equity | 10/15 | €1,145,348 | €1,260,544 | +€115,196 | +10.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €845,348 | €960,544 | +€115,196 | +13.6% |
| Distributable reserves | 133 | €845,348 | €960,544 | +€115,196 | +13.6% |
| Amounts payable | 17/49 | €826,817 | €494,560 | -€332,257 | -40.2% |
| Amounts payable after more than one year | 17 | €297,051 | €264,179 | -€32,872 | -11.1% |
| Financial debts | 170/4 | €297,051 | €264,179 | -€32,872 | -11.1% |
| Amounts payable within one year | 42/48 | €529,767 | €229,642 | -€300,125 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €32,665 | €32,872 | +€207 | +0.6% |
| Trade debts | 44 | €70,762 | €80,136 | +€9,374 | +13.2% |
| Suppliers | 440/4 | €70,762 | €80,136 | +€9,374 | +13.2% |
| Taxes, remuneration and social security | 45 | €36,711 | €34,470 | -€2,241 | -6.1% |
| Taxes | 450/3 | €10,546 | €6,679 | -€3,867 | -36.7% |
| Remuneration and social security | 454/9 | €26,165 | €27,791 | +€1,626 | +6.2% |
| Other amounts payable | 47/48 | €389,629 | €82,164 | -€307,465 | -78.9% |
| Accrued charges and deferred income | 492/3 | - | €739 | +€739 | |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Remuneration, social security and pensions | 62 | €202,357 | €219,159 | +€16,803 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,652 | €92,190 | +€537 | +0.6% |
| Other operating charges | 640/8 | €5,759 | €5,694 | -€65 | -1.1% |
| Gross operating margin | 9900 | €511,748 | €497,584 | -€14,164 | -2.8% |
| Operating profit (loss) | 9901 | €211,979 | €180,540 | -€31,439 | -14.8% |
| Financial income | 75/76B | €282 | €5,527 | +€5,245 | +1859.8% |
| Recurring financial income | 75 | €282 | €5,527 | +€5,245 | +1859.8% |
| Financial charges | 65/66B | €36,317 | €22,346 | -€13,971 | -38.5% |
| Recurring financial charges | 65 | €36,317 | €22,346 | -€13,971 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €175,944 | €163,721 | -€12,223 | -6.9% |
| Income taxes | 67/77 | €53,684 | €48,526 | -€5,158 | -9.6% |
| Profit (loss) for the period | 9904 | €122,260 | €115,196 | -€7,065 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,260 | €115,196 | -€7,065 | -5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.