HOSPIDEX: 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.
What changed
HOSPIDEX
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€928,718
2024 · €1.3m-€337,836
Equity
€11.5m
2024 · €10.6m+€928,718
Cash
€474,532
2024 · €608,988-€134,456
Balance sheet total
€25.7m
2024 · €27.7m-€2.0m
Largest movements
Assets
- Financial fixed assets -€3.8m
down €3.8m (-21.6%), from €17.8m to €13.9m
of which Affiliated companies: -€3.8m
- Receivables within one year +€2.5m
up €2.5m (+38.8%), from €6.4m to €8.9m
of which Other amounts receivable: +€1.9m
- Stocks and contracts -€295,269
down €295,269 (-14.1%), from €2.1m to €1.8m
Equity and liabilities
- Other debts -€2.3m
no longer reported in 2025 (was €2.3m)
- Profit (loss) carried forward +€928,911
up €928,911 (+20.5%), from €4.5m to €5.5m
- Debts after one year -€596,268
down €596,268 (-8.9%), from €6.7m to €6.1m
Income statement
- Services and other goods +€315,675
up €315,675 (+9.2%), from €3.4m to €3.8m
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
€1.3m
Turnover
+€260,109
Other operating income
-€188,826
Goods and materials
+€190,991
Services and other goods
-€315,675
Staff costs
-€212,071
Depreciation
-€22,008
Write-downs
-€24,383
Other operating charges
+€11,568
Other operating items
-€50,465
Financial income
-€19,987
Financial charges
+€5,339
Taxes
+€27,508
Deferred taxes and other
+€64
Result 2025
€928,718
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.
From operations
-€3.3m
Investment
+€3.7m
Financing
-€589,429
Cash 2024
€608,988
From operations (derived)
-€3.3m
Net result for the year
+€928,718
Depreciation
+€109,294
Stocks and contracts
+€295,269
Receivables within one year
-€2.5m
Deferred charges and accrued income
+€233,073
Provisions
-€64
Trade debts
-€55,566
Tax, wage and social debts
+€35,639
Advances received
+€96,779
Other debts
-€2.3m
Accrued charges and deferred income
-€108,408
Investment (derived)
+€3.7m
Investment in fixed assets (net)
+€3.7m
Financing
-€589,429
Debts after one year
-€596,268
Current portion of long-term debt
+€6,839
Cash 2025
€474,532
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,700,469 | €25,701,343 | -€2.0m | -7.2% |
| Fixed assets | 21/28 | €18,212,756 | €14,384,254 | -€3.8m | -21.0% |
| Intangible fixed assets | 21 | - | €29,880 | +€29,880 | |
| Tangible fixed assets | 22/27 | €461,845 | €434,746 | -€27,099 | -5.9% |
| Land and buildings | 22 | €211,847 | €195,155 | -€16,692 | -7.9% |
| Plant, machinery and equipment | 23 | €137,589 | €131,433 | -€6,156 | -4.5% |
| Furniture and vehicles | 24 | €78,798 | €64,540 | -€14,258 | -18.1% |
| Leasing and similar rights | 25 | €0 | €28,617 | +€28,617 | |
| Other tangible fixed assets | 26 | €33,612 | €15,000 | -€18,611 | -55.4% |
| Financial fixed assets | 28 | €17,750,911 | €13,919,628 | -€3.8m | -21.6% |
| Affiliated companies | 280/1 | €17,750,076 | €13,918,794 | -€3.8m | -21.6% |
| Participating interests | 280 | €13,918,794 | €13,918,794 | = | 0.0% |
| Amounts receivable | 281 | €3,831,282 | €0 | -€3.8m | -100.0% |
| Other financial fixed assets | 284/8 | €834 | €834 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €834 | €834 | = | 0.0% |
| Current assets | 29/58 | €9,487,714 | €11,317,089 | +€1.8m | +19.3% |
| Stocks and contracts in progress | 3 | €2,092,272 | €1,797,003 | -€295,269 | -14.1% |
| Stocks | 30/36 | €2,092,272 | €1,797,003 | -€295,269 | -14.1% |
| Goods purchased for resale | 34 | €2,092,272 | €1,797,003 | -€295,269 | -14.1% |
| Amounts receivable within one year | 40/41 | €6,415,942 | €8,908,116 | +€2.5m | +38.8% |
| Trade receivables | 40 | €5,847,048 | €6,448,838 | +€601,789 | +10.3% |
| Other amounts receivable | 41 | €568,894 | €2,459,278 | +€1.9m | +332.3% |
| Cash at bank and in hand | 54/58 | €608,988 | €474,532 | -€134,456 | -22.1% |
| Deferred charges and accrued income | 490/1 | €370,512 | €137,439 | -€233,073 | -62.9% |
| Total equity and liabilities | 10/49 | €27,700,469 | €25,701,343 | -€2.0m | -7.2% |
| Equity | 10/15 | €10,610,154 | €11,538,872 | +€928,718 | +8.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,009,501 | €6,009,308 | -€193 | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €193 | - | -€193 | |
| Distributable reserves | 133 | €6,003,158 | €6,003,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,539,154 | €5,468,064 | +€928,911 | +20.5% |
| Provisions and deferred taxes | 16 | €64 | - | -€64 | |
| Deferred taxes | 168 | €64 | - | -€64 | |
| Amounts payable | 17/49 | €17,090,251 | €14,162,471 | -€2.9m | -17.1% |
| Amounts payable after more than one year | 17 | €6,702,428 | €6,106,160 | -€596,268 | -8.9% |
| Financial debts | 170/4 | €6,702,428 | €6,106,160 | -€596,268 | -8.9% |
| Leasing and similar obligations | 172 | - | €22,360 | +€22,360 | |
| Credit institutions | 173 | €5,075,000 | €4,375,000 | -€700,000 | -13.8% |
| Other loans | 174 | €1,627,428 | €1,708,799 | +€81,371 | +5.0% |
| Amounts payable within one year | 42/48 | €10,159,190 | €7,936,087 | -€2.2m | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €700,000 | €706,839 | +€6,839 | +1.0% |
| Trade debts | 44 | €6,640,260 | €6,584,693 | -€55,566 | -0.8% |
| Suppliers | 440/4 | €6,640,260 | €6,584,693 | -€55,566 | -0.8% |
| Advances received on contracts in progress | 46 | €153,257 | €250,035 | +€96,779 | +63.1% |
| Taxes, remuneration and social security | 45 | €358,880 | €394,519 | +€35,639 | +9.9% |
| Taxes | 450/3 | €35,352 | €88,644 | +€53,292 | +150.7% |
| Remuneration and social security | 454/9 | €323,528 | €305,874 | -€17,654 | -5.5% |
| Other amounts payable | 47/48 | €2,306,794 | - | -€2.3m | |
| Accrued charges and deferred income | 492/3 | €228,632 | €120,225 | -€108,408 | -47.4% |
| Operating income | 70/76A | €30,892,685 | €30,913,503 | +€20,818 | +0.1% |
| Turnover | 70 | €29,666,062 | €29,926,171 | +€260,109 | +0.9% |
| Other operating income | 74 | €1,169,880 | €981,054 | -€188,826 | -16.1% |
| Non-recurring operating income | 76A | €56,743 | €6,278 | -€50,465 | -88.9% |
| Operating charges | 60/66A | €28,912,445 | €29,284,023 | +€371,578 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €22,923,806 | €22,732,815 | -€190,991 | -0.8% |
| Purchases | 600/8 | €23,452,742 | €22,423,295 | -€1.0m | -4.4% |
| Change in stocks: decrease (increase) | 609 | -€528,935 | €309,520 | +€838,455 | |
| Services and other goods | 61 | €3,448,656 | €3,764,331 | +€315,675 | +9.2% |
| Remuneration, social security and pensions | 62 | €2,396,116 | €2,608,187 | +€212,071 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,286 | €109,294 | +€22,008 | +25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€38,634 | -€14,251 | +€24,383 | +63.1% |
| Other operating charges | 640/8 | €95,214 | €83,646 | -€11,568 | -12.1% |
| Operating profit (loss) | 9901 | €1,980,240 | €1,629,480 | -€350,761 | -17.7% |
| Financial income | 75/76B | €277,683 | €257,696 | -€19,987 | -7.2% |
| Recurring financial income | 75 | €277,683 | €257,696 | -€19,987 | -7.2% |
| Income from current assets | 751 | €248,583 | €216,708 | -€31,875 | -12.8% |
| Other financial income | 752/9 | €29,099 | €40,988 | +€11,889 | +40.9% |
| Financial charges | 65/66B | €538,119 | €532,780 | -€5,339 | -1.0% |
| Recurring financial charges | 65 | €537,741 | €532,780 | -€4,961 | -0.9% |
| Debt charges | 650 | €486,022 | €470,798 | -€15,224 | -3.1% |
| Other financial charges | 652/9 | €51,719 | €61,982 | +€10,262 | +19.8% |
| Non-recurring financial charges | 66B | €378 | €0 | -€378 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,719,804 | €1,354,396 | -€365,408 | -21.2% |
| Transfer from deferred taxes | 780 | - | €64 | +€64 | |
| Income taxes | 67/77 | €453,251 | €425,743 | -€27,508 | -6.1% |
| Taxes | 670/3 | €526,905 | €425,743 | -€101,162 | -19.2% |
| Tax adjustments and reversals of tax provisions | 77 | €73,654 | - | -€73,654 | |
| Profit (loss) for the period | 9904 | €1,266,554 | €928,718 | -€337,836 | -26.7% |
| Transfer from tax-exempt reserves | 789 | - | €193 | +€193 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,266,554 | €928,911 | -€337,643 | -26.7% |
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 4 October 2026 via checked.be.