LOPHAR: what changed
What changed
LOPHAR
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€147,094
2024 · €127,331+€19,762
Equity
€827,386
2024 · €826,293+€1,094
Cash
€172,558
2024 · €259,743-€87,186
Balance sheet total
€1.3m
2024 · €1.3m+€1,642
Largest movements
Assets
- Receivables within one year +€91,932
up €91,932 (+16.4%), from €558,946 to €650,878
of which Other amounts receivable: +€80,685
- Cash -€87,186
down €87,186 (-33.6%), from €259,743 to €172,558
mainly Contributions, distributions and other (-€146,000) and Receivables within one year (-€91,932)
- Tangible fixed assets -€31,688
down €31,688 (-9.7%), from €325,793 to €294,105
of which Plant, machinery and equipment: -€27,438
- Stocks and contracts +€31,626
up €31,626 (+18.4%), from €171,572 to €203,197
Equity and liabilities
- Debts after one year -€47,323
down €47,323 (-20.1%), from €235,843 to €188,520
- Trade debts +€24,875
up €24,875 (+39.7%), from €62,653 to €87,528
- Other debts +€18,739
up €18,739 (+14.4%), from €130,052 to €148,792
Income statement
- Gross operating margin +€39,620
up €39,620 (+16.2%), from €244,466 to €284,086
- Staff costs +€19,739
up €19,739 (+24.2%), from €81,509 to €101,248
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
€127,331
Gross operating margin
+€39,620
Staff costs
-€19,739
Depreciation
-€587
Other operating charges
+€274
Financial income
-€1,130
Financial charges
+€1,008
Taxes
+€317
Result 2025
€147,094
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
+€127,690
Investment
-€21,552
Financing
-€193,323
Cash 2024
€259,743
From operations (derived)
+€127,690
Net result for the year
+€147,094
Depreciation
+€53,240
Stocks and contracts
-€31,626
Receivables within one year
-€91,932
Deferred charges and accrued income
+€3,042
Trade debts
+€24,875
Tax, wage and social debts
+€4,301
Other debts
+€18,739
Accrued charges and deferred income
-€43
Investment (derived)
-€21,552
Investment in fixed assets (net)
-€21,552
Financing
-€193,323
Debts after one year
-€47,323
Contributions, distributions and other
-€146,000
Cash 2025
€172,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,324,687 | €1,326,329 | +€1,642 | +0.1% |
| Fixed assets | 21/28 | €325,793 | €294,105 | -€31,688 | -9.7% |
| Tangible fixed assets | 22/27 | €325,793 | €294,105 | -€31,688 | -9.7% |
| Land and buildings | 22 | €29,925 | €33,519 | +€3,594 | +12.0% |
| Plant, machinery and equipment | 23 | €227,308 | €199,870 | -€27,438 | -12.1% |
| Furniture and vehicles | 24 | €3,827 | €1,557 | -€2,270 | -59.3% |
| Other tangible fixed assets | 26 | €64,733 | €59,159 | -€5,574 | -8.6% |
| Current assets | 29/58 | €998,894 | €1,032,224 | +€33,330 | +3.3% |
| Stocks and contracts in progress | 3 | €171,572 | €203,197 | +€31,626 | +18.4% |
| Stocks | 30/36 | €171,572 | €203,197 | +€31,626 | +18.4% |
| Amounts receivable within one year | 40/41 | €558,946 | €650,878 | +€91,932 | +16.4% |
| Trade receivables | 40 | €99,151 | €110,398 | +€11,247 | +11.3% |
| Other amounts receivable | 41 | €459,795 | €540,480 | +€80,685 | +17.5% |
| Cash at bank and in hand | 54/58 | €259,743 | €172,558 | -€87,186 | -33.6% |
| Deferred charges and accrued income | 490/1 | €8,633 | €5,591 | -€3,042 | -35.2% |
| Total equity and liabilities | 10/49 | €1,324,687 | €1,326,329 | +€1,642 | +0.1% |
| Equity | 10/15 | €826,293 | €827,386 | +€1,094 | +0.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €576,293 | €577,386 | +€1,094 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €725 | €725 | = | 0.0% |
| Distributable reserves | 133 | €575,568 | €576,662 | +€1,094 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €498,394 | €498,943 | +€548 | +0.1% |
| Amounts payable after more than one year | 17 | €235,843 | €188,520 | -€47,323 | -20.1% |
| Financial debts | 170/4 | €235,843 | €188,520 | -€47,323 | -20.1% |
| Amounts payable within one year | 42/48 | €262,276 | €310,191 | +€47,915 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €50,863 | €50,863 | = | 0.0% |
| Trade debts | 44 | €62,653 | €87,528 | +€24,875 | +39.7% |
| Suppliers | 440/4 | €62,653 | €87,528 | +€24,875 | +39.7% |
| Taxes, remuneration and social security | 45 | €18,707 | €23,007 | +€4,301 | +23.0% |
| Taxes | 450/3 | €2,611 | €2,431 | -€180 | -6.9% |
| Remuneration and social security | 454/9 | €16,096 | €20,577 | +€4,481 | +27.8% |
| Other amounts payable | 47/48 | €130,052 | €148,792 | +€18,739 | +14.4% |
| Accrued charges and deferred income | 492/3 | €275 | €232 | -€43 | -15.6% |
| Remuneration, social security and pensions | 62 | €81,509 | €101,248 | +€19,739 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,652 | €53,240 | +€587 | +1.1% |
| Other operating charges | 640/8 | €1,525 | €1,251 | -€274 | -18.0% |
| Gross operating margin | 9900 | €244,466 | €284,086 | +€39,620 | +16.2% |
| Operating profit (loss) | 9901 | €108,779 | €128,346 | +€19,568 | +18.0% |
| Financial income | 75/76B | €24,894 | €23,763 | -€1,130 | -4.5% |
| Recurring financial income | 75 | €24,894 | €23,763 | -€1,130 | -4.5% |
| Financial charges | 65/66B | €5,638 | €4,630 | -€1,008 | -17.9% |
| Recurring financial charges | 65 | €5,638 | €4,630 | -€1,008 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €128,034 | €147,479 | +€19,445 | +15.2% |
| Income taxes | 67/77 | €703 | €385 | -€317 | -45.1% |
| Profit (loss) for the period | 9904 | €127,331 | €147,094 | +€19,762 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,331 | €147,094 | +€19,762 | +15.5% |
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 7 November 2026 via checked.be.