ICB: 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
ICB
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€307,107
2024 · €218,040+€89,066
Equity
€2.0m
2024 · €1.9m+€67,107
Cash
€694
2024 · €805-€111
Balance sheet total
€4.2m
2024 · €4.3m-€108,962
Largest movements
Assets
- Stocks and contracts +€340,348
up €340,348 (+14.0%), from €2.4m to €2.8m
- Receivables within one year -€267,600
down €267,600 (-18.9%), from €1.4m to €1.2m
of which Trade receivables: -€213,550
- Tangible fixed assets -€177,171
down €177,171 (-44.5%), from €398,330 to €221,159
of which Plant, machinery and equipment: -€142,901
Equity and liabilities
- Trade debts -€293,502
down €293,502 (-25.7%), from €1.1m to €850,308
- Other debts +€244,995
up €244,995 (+60,493%), from €405 to €245,400
- Debts after one year -€127,444
down €127,444 (-82.1%), from €155,276 to €27,833
- Profit (loss) carried forward +€67,107
up €67,107 (+3.5%), from €1.9m to €2.0m
Income statement
- Turnover +€4.7m
new in 2025: €4.7m
- Purchases and services +€3.8m
new in 2025: €3.8m
- Gross operating margin +€189,029
up €189,029 (+25.3%), from €748,038 to €937,067
- Other operating charges +€149,367
up €149,367 (+644%), from €23,202 to €172,569
- Taxes +€79,346
up €79,346 (+84.4%), from €94,014 to €173,360
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
€218,040
Gross operating margin
+€189,029
Staff costs
+€54,913
Depreciation
+€40,575
Other operating charges
-€149,367
Financial income
-€1,632
Financial charges
+€34,894
Taxes
-€79,346
Result 2025
€307,107
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
+€323,977
Investment
+€42,364
Financing
-€366,453
Cash 2024
€805
From operations (derived)
+€323,977
Net result for the year
+€307,107
Depreciation
+€97,013
Receivables after one year
+€20,000
Stocks and contracts
-€340,348
Receivables within one year
+€267,600
Deferred charges and accrued income
+€22,222
Trade debts
-€293,502
Tax, wage and social debts
+€14,064
Other debts
+€244,995
Accrued charges and deferred income
-€15,174
Investment (derived)
+€42,364
Investment in fixed assets (net)
+€42,364
Financing
-€366,453
Debts after one year
-€127,444
Current portion of long-term debt
-€9,081
Short-term financial debts
+€10,072
Contributions, distributions and other
-€240,000
Cash 2025
€694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,345,547 | €4,236,584 | -€108,962 | -2.5% |
| Fixed assets | 21/28 | €430,596 | €291,219 | -€139,377 | -32.4% |
| Intangible fixed assets | 21 | €32,266 | €70,060 | +€37,794 | +117% |
| Tangible fixed assets | 22/27 | €398,330 | €221,159 | -€177,171 | -44.5% |
| Plant, machinery and equipment | 23 | €313,809 | €170,909 | -€142,901 | -45.5% |
| Furniture and vehicles | 24 | €11,297 | €10,746 | -€551 | -4.9% |
| Other tangible fixed assets | 26 | €73,223 | €39,504 | -€33,719 | -46.0% |
| Current assets | 29/58 | €3,914,951 | €3,945,365 | +€30,415 | +0.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Stocks and contracts in progress | 3 | €2,430,000 | €2,770,348 | +€340,348 | +14.0% |
| Stocks | 30/36 | €2,430,000 | €2,770,348 | +€340,348 | +14.0% |
| Amounts receivable within one year | 40/41 | €1,419,443 | €1,151,843 | -€267,600 | -18.9% |
| Trade receivables | 40 | €1,308,465 | €1,094,915 | -€213,550 | -16.3% |
| Other amounts receivable | 41 | €110,978 | €56,928 | -€54,050 | -48.7% |
| Cash at bank and in hand | 54/58 | €805 | €694 | -€111 | -13.8% |
| Deferred charges and accrued income | 490/1 | €44,703 | €22,481 | -€22,222 | -49.7% |
| Total equity and liabilities | 10/49 | €4,345,547 | €4,236,584 | -€108,962 | -2.5% |
| Equity | 10/15 | €1,902,096 | €1,969,202 | +€67,107 | +3.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,894,039 | €1,961,146 | +€67,107 | +3.5% |
| Amounts payable | 17/49 | €2,443,451 | €2,267,382 | -€176,069 | -7.2% |
| Amounts payable after more than one year | 17 | €155,276 | €27,833 | -€127,444 | -82.1% |
| Financial debts | 170/4 | €155,276 | €27,833 | -€127,444 | -82.1% |
| Amounts payable within one year | 42/48 | €2,272,992 | €2,239,541 | -€33,451 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €142,104 | €133,024 | -€9,081 | -6.4% |
| Financial debts | 43 | €942,777 | €952,848 | +€10,072 | +1.1% |
| Credit institutions | 430/8 | €942,777 | €952,848 | +€10,072 | +1.1% |
| Trade debts | 44 | €1,143,809 | €850,308 | -€293,502 | -25.7% |
| Suppliers | 440/4 | €1,143,809 | €850,308 | -€293,502 | -25.7% |
| Taxes, remuneration and social security | 45 | €43,897 | €57,961 | +€14,064 | +32.0% |
| Taxes | 450/3 | €15,749 | €43,724 | +€27,975 | +178% |
| Remuneration and social security | 454/9 | €28,149 | €14,237 | -€13,911 | -49.4% |
| Other amounts payable | 47/48 | €405 | €245,400 | +€244,995 | +60,493% |
| Accrued charges and deferred income | 492/3 | €15,183 | €9 | -€15,174 | -99.9% |
| Turnover | 70 | - | €4,722,928 | +€4.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,803,099 | +€3.8m | |
| Remuneration, social security and pensions | 62 | €184,270 | €129,357 | -€54,913 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,588 | €97,013 | -€40,575 | -29.5% |
| Other operating charges | 640/8 | €23,202 | €172,569 | +€149,367 | +644% |
| Gross operating margin | 9900 | €748,038 | €937,067 | +€189,029 | +25.3% |
| Operating profit (loss) | 9901 | €402,978 | €538,129 | +€135,151 | +33.5% |
| Financial income | 75/76B | €1,632 | - | -€1,632 | |
| Recurring financial income | 75 | €1,632 | - | -€1,632 | |
| Financial charges | 65/66B | €92,556 | €57,662 | -€34,894 | -37.7% |
| Recurring financial charges | 65 | €92,556 | €57,662 | -€34,894 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €312,054 | €480,467 | +€168,412 | +54.0% |
| Income taxes | 67/77 | €94,014 | €173,360 | +€79,346 | +84.4% |
| Profit (loss) for the period | 9904 | €218,040 | €307,107 | +€89,066 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €218,040 | €307,107 | +€89,066 | +40.8% |
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.