MaPharma: 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.
MaPharma
Largest movements
- Receivables within one year -€10,665
down €10,665 (-19.5%), from €54,625 to €43,960
- Tangible fixed assets -€9,340
down €9,340 (-15.9%), from €58,700 to €49,360
of which Plant, machinery and equipment: -€5,490
- Cash +€8,925
up €8,925 (+586%), from €1,523 to €10,448
mainly Other debts (+€22,615) and Debts after one year (+€15,102)
- Stocks and contracts -€8,827
down €8,827 (-5.5%), from €161,789 to €152,962
- Profit (loss) carried forward -€33,660
down €33,660 (-46.0%), from -€73,223 to -€106,883
- Other debts +€22,615
up €22,615 (+151%), from €14,965 to €37,581
- Current portion of long-term debt -€15,203
down €15,203 (-37.4%), from €40,672 to €25,468
- Debts after one year +€15,102
up €15,102 (+9.8%), from €153,777 to €168,879
of which Other amounts payable: +€40,000
- Trade debts -€10,498
down €10,498 (-8.1%), from €129,279 to €118,781
- Gross operating margin +€42,886
up €42,886 (+1,619%), from €2,649 to €45,535
- Purchases and services -€8,209
down €8,209 (-1.7%), from €489,138 to €480,928
- Financial charges -€3,662
down €3,662 (-34.0%), from €10,759 to €7,097
of which Financial charges: -€3,709
- Depreciation +€1,740
up €1,740 (+22.9%), from €7,600 to €9,340
- Staff costs +€732
up €732 (+1.4%), from €53,218 to €53,950
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,637 | €256,730 | -€19,907 | -7.2% |
| Fixed assets | 21/28 | €58,700 | €49,360 | -€9,340 | -15.9% |
| Tangible fixed assets | 22/27 | €58,700 | €49,360 | -€9,340 | -15.9% |
| Plant, machinery and equipment | 23 | €47,633 | €42,143 | -€5,490 | -11.5% |
| Furniture and vehicles | 24 | €11,067 | €7,217 | -€3,850 | -34.8% |
| Current assets | 29/58 | €217,937 | €207,370 | -€10,567 | -4.8% |
| Stocks and contracts in progress | 3 | €161,789 | €152,962 | -€8,827 | -5.5% |
| Stocks | 30/36 | €161,789 | €152,962 | -€8,827 | -5.5% |
| Amounts receivable within one year | 40/41 | €54,625 | €43,960 | -€10,665 | -19.5% |
| Trade receivables | 40 | €54,625 | €43,960 | -€10,665 | -19.5% |
| Cash at bank and in hand | 54/58 | €1,523 | €10,448 | +€8,925 | +586% |
| Total equity and liabilities | 10/49 | €276,637 | €256,730 | -€19,907 | -7.2% |
| Equity | 10/15 | -€71,223 | -€104,883 | -€33,660 | -47.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,223 | -€106,883 | -€33,660 | -46.0% |
| Amounts payable | 17/49 | €347,860 | €361,613 | +€13,753 | +4.0% |
| Amounts payable after more than one year | 17 | €153,777 | €168,879 | +€15,102 | +9.8% |
| Financial debts | 170/4 | €78,777 | €53,879 | -€24,898 | -31.6% |
| Other amounts payable | 178/9 | €75,000 | €115,000 | +€40,000 | +53.3% |
| Amounts payable within one year | 42/48 | €194,083 | €192,734 | -€1,349 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €40,672 | €25,468 | -€15,203 | -37.4% |
| Trade debts | 44 | €129,279 | €118,781 | -€10,498 | -8.1% |
| Suppliers | 440/4 | €129,279 | €118,781 | -€10,498 | -8.1% |
| Taxes, remuneration and social security | 45 | €9,167 | €10,904 | +€1,737 | +19.0% |
| Taxes | 450/3 | €1,468 | €1,234 | -€234 | -15.9% |
| Remuneration and social security | 454/9 | €7,699 | €9,670 | +€1,971 | +25.6% |
| Other amounts payable | 47/48 | €14,965 | €37,581 | +€22,615 | +151% |
| Goods, raw materials, services and sundry goods | 60/61 | €489,138 | €480,928 | -€8,209 | -1.7% |
| Remuneration, social security and pensions | 62 | €53,218 | €53,950 | +€732 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,600 | €9,340 | +€1,740 | +22.9% |
| Other operating charges | 640/8 | €1,910 | €2,047 | +€137 | +7.2% |
| Non-recurring operating charges | 66A | €2,404 | €6,520 | +€4,116 | +171% |
| Gross operating margin | 9900 | €2,649 | €45,535 | +€42,886 | +1,619% |
| Operating profit (loss) | 9901 | -€62,483 | -€26,322 | +€36,161 | +57.9% |
| Financial income | 75/76B | €19 | €19 | -€1 | -4.7% |
| Recurring financial income | 75 | €19 | €19 | -€1 | -4.7% |
| Financial charges | 65/66B | €10,759 | €7,097 | -€3,662 | -34.0% |
| Recurring financial charges | 65 | €10,759 | €7,050 | -€3,709 | -34.5% |
| Non-recurring financial charges | 66B | - | €47 | +€47 | |
| Profit (loss) for the period before taxes | 9903 | -€73,223 | -€33,401 | +€39,822 | +54.4% |
| Income taxes | 67/77 | - | €259 | +€259 | |
| Profit (loss) for the period | 9904 | -€73,223 | -€33,660 | +€39,562 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,223 | -€33,660 | +€39,562 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.