PHARMACCUEIL: 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.
PHARMACCUEIL
Largest movements
- Financial fixed assets -€343,387
no longer reported in 2025 (was €343,387)
- Cash +€92,433
up €92,433 (+59.5%), from €155,283 to €247,716
mainly Investment in fixed assets (net) (+€340,372) and Depreciation (+€114,294)
- Intangible fixed assets -€80,755
down €80,755 (-8.6%), from €943,504 to €862,749
- Tangible fixed assets -€30,524
down €30,524 (-9.1%), from €333,658 to €303,134
of which Land and buildings: -€18,683
- Receivables within one year +€26,121
up €26,121 (+13.8%), from €189,255 to €215,377
of which Trade receivables: +€26,251
- Debts after one year -€301,171
down €301,171 (-33.6%), from €897,168 to €595,997
- Other debts -€56,774
down €56,774 (-25.7%), from €220,512 to €163,738
- Trade debts +€56,159
up €56,159 (+15.0%), from €374,285 to €430,443
- Gross operating margin -€29,519
down €29,519 (-3.4%), from €867,405 to €837,886
- Financial income -€25,410
down €25,410 (-99.6%), from €25,519 to €109
of which Non-recurring financial income: -€24,972
- Financial charges -€18,765
down €18,765 (-31.1%), from €60,336 to €41,571
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 | €2,344,571 | €2,003,687 | -€340,884 | -14.5% |
| Fixed assets | 21/28 | €1,620,549 | €1,165,883 | -€454,666 | -28.1% |
| Intangible fixed assets | 21 | €943,504 | €862,749 | -€80,755 | -8.6% |
| Tangible fixed assets | 22/27 | €333,658 | €303,134 | -€30,524 | -9.1% |
| Land and buildings | 22 | €305,545 | €286,862 | -€18,683 | -6.1% |
| Plant, machinery and equipment | 23 | €6,787 | €3,798 | -€2,989 | -44.0% |
| Furniture and vehicles | 24 | €6,842 | €86 | -€6,756 | -98.7% |
| Other tangible fixed assets | 26 | €14,484 | €12,388 | -€2,096 | -14.5% |
| Financial fixed assets | 28 | €343,387 | - | -€343,387 | |
| Current assets | 29/58 | €724,022 | €837,804 | +€113,782 | +15.7% |
| Stocks and contracts in progress | 3 | €377,862 | €372,615 | -€5,247 | -1.4% |
| Stocks | 30/36 | €377,862 | €372,615 | -€5,247 | -1.4% |
| Amounts receivable within one year | 40/41 | €189,255 | €215,377 | +€26,121 | +13.8% |
| Trade receivables | 40 | €189,121 | €215,372 | +€26,251 | +13.9% |
| Other amounts receivable | 41 | €134 | €5 | -€129 | -96.5% |
| Cash at bank and in hand | 54/58 | €155,283 | €247,716 | +€92,433 | +59.5% |
| Deferred charges and accrued income | 490/1 | €1,622 | €2,096 | +€474 | +29.3% |
| Total equity and liabilities | 10/49 | €2,344,571 | €2,003,687 | -€340,884 | -14.5% |
| Equity | 10/15 | €456,525 | €471,538 | +€15,013 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €449,900 | €464,471 | +€14,571 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,040 | €9,611 | -€3,429 | -26.3% |
| Distributable reserves | 133 | €435,000 | €453,000 | +€18,000 | +4.1% |
| Profit (loss) carried forward | 14 | €425 | €867 | +€442 | +104% |
| Provisions and deferred taxes | 16 | €4,088 | €2,945 | -€1,143 | -28.0% |
| Deferred taxes | 168 | €4,088 | €2,945 | -€1,143 | -28.0% |
| Amounts payable | 17/49 | €1,883,957 | €1,529,204 | -€354,754 | -18.8% |
| Amounts payable after more than one year | 17 | €897,168 | €595,997 | -€301,171 | -33.6% |
| Financial debts | 170/4 | €897,168 | €595,997 | -€301,171 | -33.6% |
| Amounts payable within one year | 42/48 | €955,972 | €910,967 | -€45,005 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €170,069 | €168,209 | -€1,860 | -1.1% |
| Financial debts | 43 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Credit institutions | 430/8 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Trade debts | 44 | €374,285 | €430,443 | +€56,159 | +15.0% |
| Suppliers | 440/4 | €374,285 | €430,443 | +€56,159 | +15.0% |
| Taxes, remuneration and social security | 45 | €111,107 | €88,577 | -€22,530 | -20.3% |
| Taxes | 450/3 | €39,189 | €21,028 | -€18,161 | -46.3% |
| Remuneration and social security | 454/9 | €71,918 | €67,549 | -€4,369 | -6.1% |
| Other amounts payable | 47/48 | €220,512 | €163,738 | -€56,774 | -25.7% |
| Accrued charges and deferred income | 492/3 | €30,817 | €22,239 | -€8,578 | -27.8% |
| Remuneration, social security and pensions | 62 | €500,753 | €504,918 | +€4,166 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,038 | €114,294 | -€5,744 | -4.8% |
| Other operating charges | 640/8 | €1,108 | €309 | -€799 | -72.1% |
| Gross operating margin | 9900 | €867,405 | €837,886 | -€29,519 | -3.4% |
| Operating profit (loss) | 9901 | €245,506 | €218,364 | -€27,142 | -11.1% |
| Financial income | 75/76B | €25,519 | €109 | -€25,410 | -99.6% |
| Recurring financial income | 75 | €547 | €109 | -€438 | -80.1% |
| Non-recurring financial income | 76B | €24,972 | - | -€24,972 | |
| Financial charges | 65/66B | €60,336 | €41,571 | -€18,765 | -31.1% |
| Recurring financial charges | 65 | €60,336 | €41,571 | -€18,765 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €210,689 | €176,902 | -€33,787 | -16.0% |
| Transfer from deferred taxes | 780 | €2,109 | €1,143 | -€965 | -45.8% |
| Income taxes | 67/77 | €78,622 | €73,033 | -€5,590 | -7.1% |
| Profit (loss) for the period | 9904 | €134,176 | €105,013 | -€29,163 | -21.7% |
| Transfer from tax-exempt reserves | 789 | €6,326 | €3,429 | -€2,896 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,501 | €108,442 | -€32,059 | -22.8% |
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 18 October 2026 via checked.be.