HPHARMA: 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.
HPHARMA
Largest movements
- Deferred charges and accrued income -€62,611
down €62,611 (-98.5%), from €63,591 to €979
- Tangible fixed assets +€36,144
up €36,144 (+10.3%), from €349,245 to €385,389
of which Furniture and vehicles: +€55,865
- Receivables within one year +€34,790
up €34,790 (+47.3%), from €73,516 to €108,306
of which Trade receivables: +€46,364
- Current investments +€23,085
up €23,085 (+231%), from €10,007 to €33,092
- Intangible fixed assets -€22,239
down €22,239 (-38.0%), from €58,540 to €36,301
- Trade debts +€46,941
up €46,941 (+44.0%), from €106,598 to €153,539
- Debts after one year -€41,535
down €41,535 (-13.6%), from €305,957 to €264,422
- Profit (loss) carried forward +€18,505
up €18,505 (+12.7%), from €145,640 to €164,146
- Current portion of long-term debt -€14,208
down €14,208 (-14.9%), from €95,399 to €81,191
- Staff costs -€82,406
down €82,406 (-99.8%), from €82,542 to €136
- Gross operating margin -€75,454
down €75,454 (-39.4%), from €191,513 to €116,058
- Depreciation +€13,014
up €13,014 (+26.9%), from €48,421 to €61,434
- Financial charges -€4,399
down €4,399 (-26.6%), from €16,557 to €12,158
- Write-downs +€2,738
up €2,738 (+26.7%), from €10,241 to €12,978
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €777,852 | €789,401 | +€11,548 | +1.5% |
| Fixed assets | 21/28 | €407,785 | €421,690 | +€13,905 | +3.4% |
| Intangible fixed assets | 21 | €58,540 | €36,301 | -€22,239 | -38.0% |
| Tangible fixed assets | 22/27 | €349,245 | €385,389 | +€36,144 | +10.3% |
| Land and buildings | 22 | €297,741 | €281,982 | -€15,759 | -5.3% |
| Plant, machinery and equipment | 23 | €46,625 | €42,662 | -€3,962 | -8.5% |
| Furniture and vehicles | 24 | €4,879 | €60,744 | +€55,865 | +1,145% |
| Current assets | 29/58 | €370,067 | €367,711 | -€2,356 | -0.6% |
| Stocks and contracts in progress | 3 | €135,853 | €134,971 | -€882 | -0.6% |
| Stocks | 30/36 | €135,853 | €134,971 | -€882 | -0.6% |
| Amounts receivable within one year | 40/41 | €73,516 | €108,306 | +€34,790 | +47.3% |
| Trade receivables | 40 | €56,634 | €102,998 | +€46,364 | +81.9% |
| Other amounts receivable | 41 | €16,882 | €5,308 | -€11,575 | -68.6% |
| Current investments | 50/53 | €10,007 | €33,092 | +€23,085 | +231% |
| Cash at bank and in hand | 54/58 | €87,101 | €90,363 | +€3,261 | +3.7% |
| Deferred charges and accrued income | 490/1 | €63,591 | €979 | -€62,611 | -98.5% |
| Total equity and liabilities | 10/49 | €777,852 | €789,401 | +€11,548 | +1.5% |
| Equity | 10/15 | €246,071 | €264,577 | +€18,505 | +7.5% |
| Contributions | 10/11 | €46,500 | €46,500 | = | 0.0% |
| Reserves | 13 | €53,931 | €53,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €531 | €531 | = | 0.0% |
| Reserves not available under the articles | 1311 | €531 | €531 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,400 | €53,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,640 | €164,146 | +€18,505 | +12.7% |
| Amounts payable | 17/49 | €531,781 | €524,824 | -€6,957 | -1.3% |
| Amounts payable after more than one year | 17 | €305,957 | €264,422 | -€41,535 | -13.6% |
| Financial debts | 170/4 | €305,957 | €264,422 | -€41,535 | -13.6% |
| Amounts payable within one year | 42/48 | €225,824 | €260,402 | +€34,578 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €95,399 | €81,191 | -€14,208 | -14.9% |
| Trade debts | 44 | €106,598 | €153,539 | +€46,941 | +44.0% |
| Suppliers | 440/4 | €106,598 | €153,539 | +€46,941 | +44.0% |
| Taxes, remuneration and social security | 45 | €2,834 | €6,757 | +€3,924 | +138% |
| Taxes | 450/3 | - | €6,757 | +€6,757 | |
| Remuneration and social security | 454/9 | €2,834 | - | -€2,834 | |
| Other amounts payable | 47/48 | €20,993 | €18,914 | -€2,079 | -9.9% |
| Remuneration, social security and pensions | 62 | €82,542 | €136 | -€82,406 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,421 | €61,434 | +€13,014 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,241 | €12,978 | +€2,738 | +26.7% |
| Other operating charges | 640/8 | €5,289 | €5,025 | -€263 | -5.0% |
| Gross operating margin | 9900 | €191,513 | €116,058 | -€75,454 | -39.4% |
| Operating profit (loss) | 9901 | €45,020 | €36,484 | -€8,536 | -19.0% |
| Financial income | 75/76B | €1,105 | €936 | -€168 | -15.2% |
| Recurring financial income | 75 | €1,105 | €936 | -€168 | -15.2% |
| Financial charges | 65/66B | €16,557 | €12,158 | -€4,399 | -26.6% |
| Recurring financial charges | 65 | €16,557 | €12,158 | -€4,399 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €29,568 | €25,263 | -€4,306 | -14.6% |
| Income taxes | 67/77 | €8,097 | €6,757 | -€1,340 | -16.5% |
| Profit (loss) for the period | 9904 | €21,471 | €18,505 | -€2,966 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,471 | €18,505 | -€2,966 | -13.8% |
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 19 October 2026 via checked.be.