Magis-Pharma: what changed
What changed
Magis-Pharma
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
-€374,469
2024 · -€1.5m+€1.1m
Equity
€247,993
2024 · €622,462-€374,469
Cash
€93,370
2024 · €776,708-€683,338
Balance sheet total
€12.5m
2024 · €11.6m+€941,703
Largest movements
Assets
- Stocks and contracts +€830,346
up €830,346 (+13.6%), from €6.1m to €6.9m
- Receivables within one year +€691,968
up €691,968 (+43.8%), from €1.6m to €2.3m
of which Trade receivables: +€686,165
- Cash -€683,338
down €683,338 (-88.0%), from €776,708 to €93,370
mainly Stocks and contracts (-€830,346) and Investment in fixed assets (net) (-€745,623)
- Tangible fixed assets +€162,017
up €162,017 (+7.7%), from €2.1m to €2.3m
of which Other tangible fixed assets: +€411,676
Equity and liabilities
- Debts after one year +€2.5m
up €2.5m (+143%), from €1.7m to €4.2m
- Trade debts -€741,448
down €741,448 (-22.5%), from €3.3m to €2.5m
- Profit (loss) carried forward -€374,469
down €374,469 (-68.5%), from -€546,296 to -€920,765
- Other debts -€349,241
down €349,241 (-7.2%), from €4.9m to €4.5m
- Advances received +€245,363
new in 2025: €245,363
Income statement
- Turnover +€604,714
up €604,714 (+4.3%), from €14.1m to €14.7m
- Services and other goods -€442,659
down €442,659 (-11.4%), from €3.9m to €3.4m
- Other operating income -€222,901
down €222,901 (-55.1%), from €404,852 to €181,951
- Financial charges +€172,610
up €172,610 (+61.3%), from €281,592 to €454,202
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
-€1.5m
Turnover
+€604,714
Other operating income
-€222,901
Goods and materials
+€138,954
Services and other goods
+€442,659
Staff costs
+€128,387
Depreciation
-€13,061
Write-downs
+€2,689
Other operating charges
+€12,564
Other operating items
+€175,905
Financial income
-€4,566
Financial charges
-€172,610
Taxes
-€10,453
Result 2025
-€374,469
raises the resultlowers the resultnot broken down further in the accounts
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
-€2.4m
Investment
-€745,623
Financing
+€2.5m
Cash 2024
€776,708
From operations (derived)
-€2.4m
Net result for the year
-€374,469
Depreciation
+€687,117
Stocks and contracts
-€830,346
Receivables within one year
-€691,968
Deferred charges and accrued income
-€44,221
Trade debts
-€741,448
Tax, wage and social debts
-€203,118
Advances received
+€245,363
Other debts
-€349,241
Accrued charges and deferred income
-€91,725
Investment (derived)
-€745,623
Investment in fixed assets (net)
-€745,623
Financing
+€2.5m
Debts after one year
+€2.5m
Current portion of long-term debt
-€21,312
Cash 2025
€93,370
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,607,270 | €12,548,973 | +€941,703 | +8.1% |
| Fixed assets | 21/28 | €3,092,474 | €3,150,980 | +€58,506 | +1.9% |
| Intangible fixed assets | 21 | €987,095 | €884,682 | -€102,414 | -10.4% |
| Tangible fixed assets | 22/27 | €2,098,137 | €2,260,153 | +€162,017 | +7.7% |
| Land and buildings | 22 | €261,437 | €364,472 | +€103,035 | +39.4% |
| Plant, machinery and equipment | 23 | €643,967 | €548,591 | -€95,376 | -14.8% |
| Furniture and vehicles | 24 | €61,292 | €50,508 | -€10,784 | -17.6% |
| Leasing and similar rights | 25 | €356,166 | €109,631 | -€246,535 | -69.2% |
| Other tangible fixed assets | 26 | €775,276 | €1,186,952 | +€411,676 | +53.1% |
| Financial fixed assets | 28 | €7,242 | €6,144 | -€1,097 | -15.2% |
| Other financial fixed assets | 284/8 | €7,242 | €6,144 | -€1,097 | -15.2% |
| Amounts receivable and cash guarantees | 285/8 | €7,242 | €6,144 | -€1,097 | -15.2% |
| Current assets | 29/58 | €8,514,796 | €9,397,993 | +€883,197 | +10.4% |
| Stocks and contracts in progress | 3 | €6,087,573 | €6,917,919 | +€830,346 | +13.6% |
| Stocks | 30/36 | €6,087,573 | €6,917,919 | +€830,346 | +13.6% |
| Goods purchased for resale | 34 | €6,087,573 | €6,917,919 | +€830,346 | +13.6% |
| Amounts receivable within one year | 40/41 | €1,581,250 | €2,273,218 | +€691,968 | +43.8% |
| Trade receivables | 40 | €1,577,333 | €2,263,498 | +€686,165 | +43.5% |
| Other amounts receivable | 41 | €3,916 | €9,720 | +€5,803 | +148% |
| Cash at bank and in hand | 54/58 | €776,708 | €93,370 | -€683,338 | -88.0% |
| Deferred charges and accrued income | 490/1 | €69,265 | €113,487 | +€44,221 | +63.8% |
| Total equity and liabilities | 10/49 | €11,607,270 | €12,548,973 | +€941,703 | +8.1% |
| Equity | 10/15 | €622,462 | €247,993 | -€374,469 | -60.2% |
| Contributions | 10/11 | €863,206 | €863,206 | = | 0.0% |
| Capital | 10 | €863,206 | €863,206 | = | 0.0% |
| Issued capital | 100 | €863,206 | €863,206 | = | 0.0% |
| Reserves | 13 | €305,552 | €305,552 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,321 | €86,321 | = | 0.0% |
| Legal reserve | 130 | €86,321 | €86,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,678 | €6,678 | = | 0.0% |
| Distributable reserves | 133 | €212,553 | €212,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€546,296 | -€920,765 | -€374,469 | -68.5% |
| Amounts payable | 17/49 | €10,984,808 | €12,300,980 | +€1.3m | +12.0% |
| Amounts payable after more than one year | 17 | €1,726,798 | €4,204,451 | +€2.5m | +143% |
| Financial debts | 170/4 | €1,726,798 | €4,204,451 | +€2.5m | +143% |
| Subordinated loans | 170 | - | €1,230,000 | +€1.2m | |
| Leasing and similar obligations | 172 | €256,798 | €193,451 | -€63,347 | -24.7% |
| Other loans | 174 | €1,470,000 | €2,781,000 | +€1.3m | +89.2% |
| Amounts payable within one year | 42/48 | €9,147,985 | €8,078,229 | -€1.1m | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €156,302 | €134,990 | -€21,312 | -13.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,289,061 | €2,547,613 | -€741,448 | -22.5% |
| Suppliers | 440/4 | €3,289,061 | €2,547,613 | -€741,448 | -22.5% |
| Advances received on contracts in progress | 46 | - | €245,363 | +€245,363 | |
| Taxes, remuneration and social security | 45 | €819,300 | €616,181 | -€203,118 | -24.8% |
| Taxes | 450/3 | €149,606 | €251,541 | +€101,935 | +68.1% |
| Remuneration and social security | 454/9 | €669,694 | €364,641 | -€305,053 | -45.6% |
| Other amounts payable | 47/48 | €4,883,323 | €4,534,082 | -€349,241 | -7.2% |
| Accrued charges and deferred income | 492/3 | €110,025 | €18,300 | -€91,725 | -83.4% |
| Operating income | 70/76A | €14,528,080 | €14,968,938 | +€440,859 | +3.0% |
| Turnover | 70 | €14,098,349 | €14,703,063 | +€604,714 | +4.3% |
| Other operating income | 74 | €404,852 | €181,951 | -€222,901 | -55.1% |
| Non-recurring operating income | 76A | €24,879 | €83,924 | +€59,045 | +237% |
| Operating charges | 60/66A | €15,702,046 | €14,872,994 | -€829,052 | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €7,259,220 | €7,120,266 | -€138,954 | -1.9% |
| Purchases | 600/8 | €8,479,216 | €7,950,612 | -€528,604 | -6.2% |
| Change in stocks: decrease (increase) | 609 | -€1,219,996 | -€830,346 | +€389,650 | +31.9% |
| Services and other goods | 61 | €3,867,622 | €3,424,962 | -€442,659 | -11.4% |
| Remuneration, social security and pensions | 62 | €3,696,063 | €3,567,676 | -€128,387 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674,056 | €687,117 | +€13,061 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,689 | €0 | -€2,689 | -100% |
| Other operating charges | 640/8 | €68,206 | €55,642 | -€12,564 | -18.4% |
| Non-recurring operating charges | 66A | €134,191 | €17,332 | -€116,860 | -87.1% |
| Operating profit (loss) | 9901 | -€1,173,966 | €95,944 | +€1.3m | |
| Financial income | 75/76B | €6,588 | €2,022 | -€4,566 | -69.3% |
| Recurring financial income | 75 | €6,588 | €2,022 | -€4,566 | -69.3% |
| Income from current assets | 751 | €4,912 | €339 | -€4,573 | -93.1% |
| Other financial income | 752/9 | €1,676 | €1,683 | +€7 | +0.4% |
| Financial charges | 65/66B | €281,592 | €454,202 | +€172,610 | +61.3% |
| Recurring financial charges | 65 | €281,592 | €454,202 | +€172,610 | +61.3% |
| Debt charges | 650 | €225,762 | €439,488 | +€213,725 | +94.7% |
| Other financial charges | 652/9 | €55,830 | €14,715 | -€41,115 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,448,970 | -€356,237 | +€1.1m | +75.4% |
| Income taxes | 67/77 | €7,779 | €18,233 | +€10,453 | +134% |
| Taxes | 670/3 | €7,779 | €18,233 | +€10,453 | +134% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,456,750 | -€374,469 | +€1.1m | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,456,750 | -€374,469 | +€1.1m | +74.3% |
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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.