Leuven Pharma Services: what changed
What changed
Leuven Pharma Services
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€32,763
2024 · €64,211-€96,973
Equity
€339,555
2024 · €672,318-€332,763
Cash
€16,603
2024 · €26,672-€10,069
Balance sheet total
€2.1m
2024 · €2.1m+€38,877
Largest movements
Assets
- Tangible fixed assets +€30,603
up €30,603 (+2,080%), from €1,471 to €32,074
Equity and liabilities
- Other debts +€362,955
up €362,955 (+53.6%), from €677,346 to €1.0m
- Reserves -€332,763
down €332,763 (-50.9%), from €653,718 to €320,955
- Debts after one year -€97,162
down €97,162 (-17.1%), from €567,903 to €470,741
- Tax, wage and social debts +€40,048
up €40,048 (+193%), from €20,761 to €60,809
of which Taxes: +€36,757
- Accrued charges and deferred income +€27,164
up €27,164 (+436%), from €6,226 to €33,390
Income statement
- Gross operating margin -€77,519
down €77,519 (-28.9%), from €268,154 to €190,635
- Taxes -€24,928
down €24,928 (-99.2%), from €25,123 to €195
- Financial charges +€24,847
up €24,847 (+165%), from €15,055 to €39,902
- Staff costs +€20,552
up €20,552 (+13.0%), from €157,876 to €178,428
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€64,211
Gross operating margin
-€77,519
Staff costs
-€20,552
Depreciation
+€879
Other operating charges
+€128
Financial income
+€9
Financial charges
-€24,847
Taxes
+€24,928
Result 2025
-€32,763
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€394,551
Investment
-€34,246
Financing
-€370,375
Cash 2024
€26,672
From operations (derived)
+€394,551
Net result for the year
-€32,763
Depreciation
+€3,643
Receivables within one year
-€16,102
Deferred charges and accrued income
-€2,241
Trade debts
+€11,847
Tax, wage and social debts
+€40,048
Other debts
+€362,955
Accrued charges and deferred income
+€27,164
Investment (derived)
-€34,246
Investment in fixed assets (net)
-€34,246
Financing
-€370,375
Debts after one year
-€97,162
Current portion of long-term debt
+€16,545
Short-term financial debts
+€10,242
Contributions, distributions and other
-€300,000
Cash 2025
€16,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,079,733 | €2,118,610 | +€38,877 | +1.9% |
| Fixed assets | 21/28 | €1,872,573 | €1,903,176 | +€30,603 | +1.6% |
| Tangible fixed assets | 22/27 | €1,471 | €32,074 | +€30,603 | +2,080% |
| Furniture and vehicles | 24 | €1,471 | €32,074 | +€30,603 | +2,080% |
| Financial fixed assets | 28 | €1,871,102 | €1,871,102 | = | 0.0% |
| Current assets | 29/58 | €207,160 | €215,434 | +€8,274 | +4.0% |
| Amounts receivable within one year | 40/41 | €178,785 | €194,887 | +€16,102 | +9.0% |
| Other amounts receivable | 41 | €178,785 | €194,887 | +€16,102 | +9.0% |
| Cash at bank and in hand | 54/58 | €26,672 | €16,603 | -€10,069 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,703 | €3,945 | +€2,241 | +132% |
| Total equity and liabilities | 10/49 | €2,079,733 | €2,118,610 | +€38,877 | +1.9% |
| Equity | 10/15 | €672,318 | €339,555 | -€332,763 | -49.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €653,718 | €320,955 | -€332,763 | -50.9% |
| Distributable reserves | 133 | €653,718 | €320,955 | -€332,763 | -50.9% |
| Amounts payable | 17/49 | €1,407,416 | €1,779,056 | +€371,640 | +26.4% |
| Amounts payable after more than one year | 17 | €567,903 | €470,741 | -€97,162 | -17.1% |
| Financial debts | 170/4 | €567,903 | €470,741 | -€97,162 | -17.1% |
| Amounts payable within one year | 42/48 | €833,287 | €1,274,925 | +€441,637 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €101,214 | €117,759 | +€16,545 | +16.3% |
| Financial debts | 43 | €22,857 | €33,099 | +€10,242 | +44.8% |
| Credit institutions | 430/8 | €22,857 | €33,099 | +€10,242 | +44.8% |
| Trade debts | 44 | €11,109 | €22,956 | +€11,847 | +107% |
| Suppliers | 440/4 | €11,109 | €22,956 | +€11,847 | +107% |
| Taxes, remuneration and social security | 45 | €20,761 | €60,809 | +€40,048 | +193% |
| Taxes | 450/3 | €266 | €37,023 | +€36,757 | +13,818% |
| Remuneration and social security | 454/9 | €20,495 | €23,786 | +€3,291 | +16.1% |
| Other amounts payable | 47/48 | €677,346 | €1,040,302 | +€362,955 | +53.6% |
| Accrued charges and deferred income | 492/3 | €6,226 | €33,390 | +€27,164 | +436% |
| Remuneration, social security and pensions | 62 | €157,876 | €178,428 | +€20,552 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,522 | €3,643 | -€879 | -19.4% |
| Other operating charges | 640/8 | €1,416 | €1,288 | -€128 | -9.1% |
| Gross operating margin | 9900 | €268,154 | €190,635 | -€77,519 | -28.9% |
| Operating profit (loss) | 9901 | €104,340 | €7,276 | -€97,064 | -93.0% |
| Financial income | 75/76B | €48 | €58 | +€9 | +19.7% |
| Recurring financial income | 75 | €48 | €58 | +€9 | +19.7% |
| Financial charges | 65/66B | €15,055 | €39,902 | +€24,847 | +165% |
| Recurring financial charges | 65 | €15,055 | €39,902 | +€24,847 | +165% |
| Profit (loss) for the period before taxes | 9903 | €89,333 | -€32,568 | -€121,901 | |
| Income taxes | 67/77 | €25,123 | €195 | -€24,928 | -99.2% |
| Profit (loss) for the period | 9904 | €64,211 | -€32,763 | -€96,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,211 | -€32,763 | -€96,973 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.