PHARMACIE DEMARS: 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.
PHARMACIE DEMARS
Largest movements
- Cash -€23,982
down €23,982 (-54.7%), from €43,834 to €19,852
mainly Investment in fixed assets (net) (-€30,895) and Trade debts (-€9,922)
- Tangible fixed assets +€14,221
up €14,221 (+7.2%), from €197,201 to €211,421
of which Land and buildings: +€19,513
- Receivables within one year +€7,035
up €7,035 (+45.9%), from €15,333 to €22,367
of which Trade receivables: +€13,927
- Stocks and contracts -€3,851
down €3,851 (-5.3%), from €72,998 to €69,147
- Trade debts -€9,922
down €9,922 (-21.5%), from €46,169 to €36,246
- Other debts +€9,678
up €9,678 (+9.7%), from €99,681 to €109,359
- Debts after one year -€8,410
down €8,410 (-8.4%), from €99,900 to €91,490
- Gross operating margin -€23,054
down €23,054 (-51.8%), from €44,547 to €21,493
- Taxes -€4,587
down €4,587 (-75.9%), from €6,040 to €1,453
- Financial charges -€3,489
down €3,489 (-56.1%), from €6,216 to €2,727
- Depreciation +€2,355
up €2,355 (+15.4%), from €15,249 to €17,604
- Other operating charges -€805
down €805 (-39.7%), from €2,028 to €1,223
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 | €371,281 | €365,428 | -€5,853 | -1.6% |
| Formation expenses | 20 | €25,618 | €24,688 | -€930 | -3.6% |
| Fixed assets | 21/28 | €197,201 | €211,421 | +€14,221 | +7.2% |
| Tangible fixed assets | 22/27 | €197,201 | €211,421 | +€14,221 | +7.2% |
| Land and buildings | 22 | €160,010 | €179,523 | +€19,513 | +12.2% |
| Plant, machinery and equipment | 23 | €3,057 | €5,836 | +€2,778 | +90.9% |
| Furniture and vehicles | 24 | €34,133 | €26,063 | -€8,070 | -23.6% |
| Current assets | 29/58 | €148,462 | €129,318 | -€19,144 | -12.9% |
| Stocks and contracts in progress | 3 | €72,998 | €69,147 | -€3,851 | -5.3% |
| Stocks | 30/36 | €72,998 | €69,147 | -€3,851 | -5.3% |
| Amounts receivable within one year | 40/41 | €15,333 | €22,367 | +€7,035 | +45.9% |
| Trade receivables | 40 | €7,893 | €21,820 | +€13,927 | +176% |
| Other amounts receivable | 41 | €7,440 | €547 | -€6,892 | -92.6% |
| Cash at bank and in hand | 54/58 | €43,834 | €19,852 | -€23,982 | -54.7% |
| Deferred charges and accrued income | 490/1 | €16,297 | €17,952 | +€1,655 | +10.2% |
| Total equity and liabilities | 10/49 | €371,281 | €365,428 | -€5,853 | -1.6% |
| Equity | 10/15 | €117,083 | €115,569 | -€1,514 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,483 | €96,969 | -€1,514 | -1.5% |
| Amounts payable | 17/49 | €254,198 | €249,859 | -€4,340 | -1.7% |
| Amounts payable after more than one year | 17 | €99,900 | €91,490 | -€8,410 | -8.4% |
| Financial debts | 170/4 | €99,900 | €91,490 | -€8,410 | -8.4% |
| Amounts payable within one year | 42/48 | €154,298 | €158,368 | +€4,070 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €8,199 | €9,314 | +€1,115 | +13.6% |
| Trade debts | 44 | €46,169 | €36,246 | -€9,922 | -21.5% |
| Suppliers | 440/4 | €46,169 | €36,246 | -€9,922 | -21.5% |
| Taxes, remuneration and social security | 45 | €250 | €3,450 | +€3,200 | +1,282% |
| Taxes | 450/3 | €250 | €3,450 | +€3,200 | +1,282% |
| Other amounts payable | 47/48 | €99,681 | €109,359 | +€9,678 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,249 | €17,604 | +€2,355 | +15.4% |
| Other operating charges | 640/8 | €2,028 | €1,223 | -€805 | -39.7% |
| Gross operating margin | 9900 | €44,547 | €21,493 | -€23,054 | -51.8% |
| Operating profit (loss) | 9901 | €27,270 | €2,666 | -€24,604 | -90.2% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.4% |
| Financial charges | 65/66B | €6,216 | €2,727 | -€3,489 | -56.1% |
| Recurring financial charges | 65 | €6,216 | €2,727 | -€3,489 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €21,059 | -€61 | -€21,120 | |
| Income taxes | 67/77 | €6,040 | €1,453 | -€4,587 | -75.9% |
| Profit (loss) for the period | 9904 | €15,019 | -€1,514 | -€16,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,019 | -€1,514 | -€16,533 |
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 30 October 2026 via checked.be.