LORENA BOULANGER PHARMA: 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.
LORENA BOULANGER PHARMA
Largest movements
- Tangible fixed assets +€8,130
up €8,130 (+1,474%), from €552 to €8,681
of which Furniture and vehicles: +€7,852
- Cash +€5,137
up €5,137 (+120%), from €4,267 to €9,404
mainly Net result for the year (+€8,065) and Trade debts (+€3,406)
- Receivables within one year -€2,155
down €2,155 (-13.3%), from €16,158 to €14,003
of which Other amounts receivable: -€1,502
- Reserves +€8,065
up €8,065 (+58.2%), from €13,860 to €21,925
- Trade debts +€3,406
new in 2025: €3,406
- Other debts -€1,341
down €1,341 (-71.2%), from €1,884 to €543
- Tax, wage and social debts +€988
new in 2025: €988
- Gross operating margin +€3,630
up €3,630 (+33.1%), from €10,966 to €14,597
- Other operating charges +€1,068
up €1,068 (+151%), from €707 to €1,775
- Taxes +€628
up €628 (+26.6%), from €2,363 to €2,991
- Depreciation +€426
up €426 (+108%), from €394 to €820
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 | €21,054 | €32,165 | +€11,111 | +52.8% |
| Fixed assets | 21/28 | €628 | €8,757 | +€8,130 | +1,295% |
| Tangible fixed assets | 22/27 | €552 | €8,681 | +€8,130 | +1,474% |
| Plant, machinery and equipment | 23 | €552 | €829 | +€277 | +50.2% |
| Furniture and vehicles | 24 | - | €7,852 | +€7,852 | |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €20,426 | €23,408 | +€2,982 | +14.6% |
| Amounts receivable within one year | 40/41 | €16,158 | €14,003 | -€2,155 | -13.3% |
| Trade receivables | 40 | €10,010 | €9,357 | -€653 | -6.5% |
| Other amounts receivable | 41 | €6,148 | €4,646 | -€1,502 | -24.4% |
| Cash at bank and in hand | 54/58 | €4,267 | €9,404 | +€5,137 | +120% |
| Total equity and liabilities | 10/49 | €21,054 | €32,165 | +€11,111 | +52.8% |
| Equity | 10/15 | €17,860 | €25,925 | +€8,065 | +45.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €13,860 | €21,925 | +€8,065 | +58.2% |
| Distributable reserves | 133 | €13,860 | €21,925 | +€8,065 | +58.2% |
| Amounts payable | 17/49 | €3,194 | €6,240 | +€3,046 | +95.4% |
| Amounts payable within one year | 42/48 | €3,194 | €6,240 | +€3,046 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €1,309 | €1,303 | -€6 | -0.4% |
| Trade debts | 44 | - | €3,406 | +€3,406 | |
| Suppliers | 440/4 | - | €3,406 | +€3,406 | |
| Taxes, remuneration and social security | 45 | - | €988 | +€988 | |
| Taxes | 450/3 | - | €988 | +€988 | |
| Other amounts payable | 47/48 | €1,884 | €543 | -€1,341 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €820 | +€426 | +108% |
| Other operating charges | 640/8 | €707 | €1,775 | +€1,068 | +151% |
| Gross operating margin | 9900 | €10,966 | €14,597 | +€3,630 | +33.1% |
| Operating profit (loss) | 9901 | €9,866 | €12,001 | +€2,135 | +21.6% |
| Financial charges | 65/66B | €962 | €945 | -€17 | -1.8% |
| Recurring financial charges | 65 | €962 | €945 | -€17 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €8,903 | €11,056 | +€2,153 | +24.2% |
| Income taxes | 67/77 | €2,363 | €2,991 | +€628 | +26.6% |
| Profit (loss) for the period | 9904 | €6,541 | €8,065 | +€1,524 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,541 | €8,065 | +€1,524 | +23.3% |
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 27 October 2026 via checked.be.