Lundbeck: 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
Lundbeck
NACE 46.851, Wholesale of industrial chemicals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€737,998
2024 · €997,044-€259,046
Equity
€9.0m
2024 · €9.0m
Cash
€1.6m
2024 · €1.7m-€164,405
Balance sheet total
€13.7m
2024 · €13.6m+€101,061
Largest movements
Assets
- Receivables within one year +€237,337
up €237,337 (+2.0%), from €11.7m to €12.0m
of which Trade receivables: +€1.2m
- Cash -€164,405
down €164,405 (-9.6%), from €1.7m to €1.6m
mainly Contributions, distributions and other (-€737,998) and Tax, wage and social debts (-€366,408)
Equity and liabilities
- Tax, wage and social debts -€366,408
down €366,408 (-51.1%), from €717,241 to €350,833
of which Remuneration and social security: -€222,699
- Trade debts +€327,080
up €327,080 (+12.0%), from €2.7m to €3.1m
- Other debts +€140,388
up €140,388 (+12.0%), from €1.2m to €1.3m
Income statement
- Goods and materials -€1.1m
down €1.1m (-6.2%), from €17.7m to €16.6m
- Other operating charges +€849,144
up €849,144 (+33.7%), from €2.5m to €3.4m
- Staff costs +€280,072
up €280,072 (+15.7%), from €1.8m to €2.1m
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
€997,044
Turnover
+€11,919
Other operating income
-€72,340
Goods and materials
+€1.1m
Services and other goods
-€71,563
Staff costs
-€280,072
Depreciation
-€2,031
Write-downs
-€1,052
Other operating charges
-€849,144
Financial income
-€159,664
Financial charges
-€11,517
Taxes
+€76,317
Deferred taxes and other
+€1
Result 2025
€737,998
Cash bridge derived
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
+€590,335
Investment
-€16,744
Financing
-€737,998
Cash 2024
€1.7m
From operations (derived)
+€590,335
Net result for the year
+€737,998
Depreciation
+€11,009
Receivables within one year
-€237,337
Deferred charges and accrued income
-€22,395
Trade debts
+€327,080
Tax, wage and social debts
-€366,408
Other debts
+€140,388
Investment (derived)
-€16,744
Investment in fixed assets (net)
-€16,744
Financing
-€737,998
Contributions, distributions and other
-€737,998
Not broken down
+€2
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,610,446 | €13,711,507 | +€101,061 | +0.7% |
| Fixed assets | 21/28 | €22,059 | €27,794 | +€5,735 | +26.0% |
| Tangible fixed assets | 22/27 | €8,506 | €14,241 | +€5,735 | +67.4% |
| Plant, machinery and equipment | 23 | €8,506 | €14,241 | +€5,735 | +67.4% |
| Financial fixed assets | 28 | €13,553 | €13,553 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,553 | €13,553 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,553 | €13,553 | = | 0.0% |
| Current assets | 29/58 | €13,588,387 | €13,683,712 | +€95,325 | +0.7% |
| Amounts receivable within one year | 40/41 | €11,731,326 | €11,968,663 | +€237,337 | +2.0% |
| Trade receivables | 40 | €2,566,936 | €3,767,005 | +€1.2m | +46.8% |
| Other amounts receivable | 41 | €9,164,390 | €8,201,658 | -€962,732 | -10.5% |
| Cash at bank and in hand | 54/58 | €1,721,480 | €1,557,075 | -€164,405 | -9.6% |
| Deferred charges and accrued income | 490/1 | €135,580 | €157,975 | +€22,395 | +16.5% |
| Total equity and liabilities | 10/49 | €13,610,446 | €13,711,507 | +€101,061 | +0.7% |
| Equity | 10/15 | €8,996,522 | €8,996,522 | = | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €204,044 | €204,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,237 | €25,237 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €237 | €237 | = | 0.0% |
| Distributable reserves | 133 | €178,806 | €178,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,542,478 | €8,542,478 | = | 0.0% |
| Amounts payable | 17/49 | €4,613,924 | €4,714,984 | +€101,060 | +2.2% |
| Amounts payable within one year | 42/48 | €4,613,924 | €4,714,984 | +€101,060 | +2.2% |
| Trade debts | 44 | €2,724,483 | €3,051,563 | +€327,080 | +12.0% |
| Suppliers | 440/4 | €2,724,483 | €3,051,563 | +€327,080 | +12.0% |
| Taxes, remuneration and social security | 45 | €717,241 | €350,833 | -€366,408 | -51.1% |
| Taxes | 450/3 | €244,618 | €100,910 | -€143,708 | -58.7% |
| Remuneration and social security | 454/9 | €472,623 | €249,924 | -€222,699 | -47.1% |
| Other amounts payable | 47/48 | €1,172,200 | €1,312,588 | +€140,388 | +12.0% |
| Operating income | 70/76A | €24,117,711 | €24,057,290 | -€60,421 | -0.3% |
| Turnover | 70 | €23,353,673 | €23,365,592 | +€11,919 | +0.1% |
| Other operating income | 74 | €764,038 | €691,698 | -€72,340 | -9.5% |
| Operating charges | 60/66A | €23,069,054 | €23,172,816 | +€103,762 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €17,722,576 | €16,622,476 | -€1.1m | -6.2% |
| Services and other goods | 61 | €1,037,704 | €1,109,267 | +€71,563 | +6.9% |
| Remuneration, social security and pensions | 62 | €1,781,729 | €2,061,801 | +€280,072 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,978 | €11,009 | +€2,031 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€338 | €714 | +€1,052 | |
| Other operating charges | 640/8 | €2,518,405 | €3,367,549 | +€849,144 | +33.7% |
| Operating profit (loss) | 9901 | €1,048,657 | €884,474 | -€164,183 | -15.7% |
| Recurring financial income | 75 | €334,218 | €174,554 | -€159,664 | -47.8% |
| Income from current assets | 751 | €334,218 | €174,554 | -€159,664 | -47.8% |
| Financial charges | 65/66B | €22,398 | €33,915 | +€11,517 | +51.4% |
| Recurring financial charges | 65 | €22,398 | €33,915 | +€11,517 | +51.4% |
| Debt charges | 650 | €22,398 | €33,915 | +€11,517 | +51.4% |
| Other financial charges | 652/9 | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,360,477 | €1,025,113 | -€335,364 | -24.7% |
| Income taxes | 67/77 | €363,433 | €287,116 | -€76,317 | -21.0% |
| Taxes | 670/3 | €363,433 | €287,116 | -€76,317 | -21.0% |
| Profit (loss) for the period | 9904 | €997,044 | €737,998 | -€259,046 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €997,044 | €737,998 | -€259,046 | -26.0% |
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 11 October 2026 via checked.be.