PHARMA-THIM: what changed
Two fiscal 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.
PHARMA-THIM
Largest movements
- Intangible fixed assets -€32,503
down €32,503 (-14.8%), from €219,391 to €186,889
- Tangible fixed assets -€26,027
down €26,027 (-8.5%), from €307,055 to €281,028
of which Land and buildings: -€20,337
- Cash +€11,168
up €11,168 (+14.5%), from €77,136 to €88,304
mainly Depreciation (+€61,130) and Net result for the year (+€60,338)
- Receivables within one year +€10,354
up €10,354 (+13.5%), from €76,608 to €86,962
of which Other amounts receivable: +€24,933
- Reserves +€60,338
up €60,338 (+21.3%), from €283,790 to €344,127
of which Distributable reserves: +€60,338
- Debts after one year -€60,295
down €60,295 (-21.5%), from €280,068 to €219,774
- Tax, wage and social debts -€15,205
down €15,205 (-37.0%), from €41,122 to €25,917
of which Taxes: -€16,798
- Trade debts -€10,406
down €10,406 (-9.8%), from €106,328 to €95,922
of which Suppliers: -€28,787
- Current portion of long-term debt -€8,651
down €8,651 (-9.6%), from €90,385 to €81,734
- Gross operating margin -€21,190
down €21,190 (-8.1%), from €262,872 to €241,682
- Staff costs +€3,350
up €3,350 (+5.7%), from €58,734 to €62,084
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.
Cash bridge derived
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 | €815,963 | €779,874 | -€36,089 | -4.4% |
| Fixed assets | 21/28 | €528,071 | €469,541 | -€58,530 | -11.1% |
| Intangible fixed assets | 21 | €219,391 | €186,889 | -€32,503 | -14.8% |
| Tangible fixed assets | 22/27 | €307,055 | €281,028 | -€26,027 | -8.5% |
| Land and buildings | 22 | €287,032 | €266,694 | -€20,337 | -7.1% |
| Plant, machinery and equipment | 23 | €6,617 | €3,768 | -€2,850 | -43.1% |
| Furniture and vehicles | 24 | €13,406 | €10,566 | -€2,840 | -21.2% |
| Financial fixed assets | 28 | €1,624 | €1,624 | = | 0.0% |
| Current assets | 29/58 | €287,892 | €310,333 | +€22,441 | +7.8% |
| Stocks and contracts in progress | 3 | €133,892 | €134,825 | +€933 | +0.7% |
| Stocks | 30/36 | €133,892 | €134,825 | +€933 | +0.7% |
| Amounts receivable within one year | 40/41 | €76,608 | €86,962 | +€10,354 | +13.5% |
| Trade receivables | 40 | €55,173 | €40,595 | -€14,579 | -26.4% |
| Other amounts receivable | 41 | €21,435 | €46,368 | +€24,933 | +116.3% |
| Cash at bank and in hand | 54/58 | €77,136 | €88,304 | +€11,168 | +14.5% |
| Deferred charges and accrued income | 490/1 | €256 | €242 | -€14 | -5.5% |
| Total equity and liabilities | 10/49 | €815,963 | €779,874 | -€36,089 | -4.4% |
| Equity | 10/15 | €296,190 | €356,527 | +€60,338 | +20.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €283,790 | €344,127 | +€60,338 | +21.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,930 | €342,267 | +€60,338 | +21.4% |
| Amounts payable | 17/49 | €519,774 | €423,347 | -€96,427 | -18.6% |
| Amounts payable after more than one year | 17 | €280,068 | €219,774 | -€60,295 | -21.5% |
| Financial debts | 170/4 | €280,068 | €219,774 | -€60,295 | -21.5% |
| Amounts payable within one year | 42/48 | €237,835 | €203,573 | -€34,262 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €90,385 | €81,734 | -€8,651 | -9.6% |
| Trade debts | 44 | €106,328 | €95,922 | -€10,406 | -9.8% |
| Suppliers | 440/4 | €106,328 | €77,542 | -€28,787 | -27.1% |
| Bills of exchange payable | 441 | - | €18,380 | +€18,380 | |
| Taxes, remuneration and social security | 45 | €41,122 | €25,917 | -€15,205 | -37.0% |
| Taxes | 450/3 | €32,206 | €15,407 | -€16,798 | -52.2% |
| Remuneration and social security | 454/9 | €8,916 | €10,510 | +€1,594 | +17.9% |
| Accrued charges and deferred income | 492/3 | €1,870 | - | -€1,870 | |
| Remuneration, social security and pensions | 62 | €58,734 | €62,084 | +€3,350 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,579 | €61,130 | -€1,450 | -2.3% |
| Other operating charges | 640/8 | €4,911 | €3,104 | -€1,808 | -36.8% |
| Gross operating margin | 9900 | €262,872 | €241,682 | -€21,190 | -8.1% |
| Operating profit (loss) | 9901 | €136,647 | €115,365 | -€21,283 | -15.6% |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €16,081 | €13,824 | -€2,258 | -14.0% |
| Recurring financial charges | 65 | €16,000 | €13,824 | -€2,177 | -13.6% |
| Non-recurring financial charges | 66B | €81 | - | -€81 | |
| Profit (loss) for the period before taxes | 9903 | €120,633 | €101,541 | -€19,092 | -15.8% |
| Income taxes | 67/77 | €39,853 | €41,203 | +€1,350 | +3.4% |
| Profit (loss) for the period | 9904 | €80,780 | €60,338 | -€20,442 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,780 | €60,338 | -€20,442 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.