PHARMACIE DU SQUARE: what changed
PHARMACIE DU SQUARE
Largest movements
- Receivables within one year +€579,361
up €579,361 (+603%), from €96,016 to €675,377
of which Other amounts receivable: +€548,869
- Financial fixed assets -€564,310
no longer reported in 2025 (was €564,310)
- Cash +€103,427
up €103,427 (+40.7%), from €254,292 to €357,719
mainly Investment in fixed assets (net) (+€564,310) and Net result for the year (+€148,582)
- Tangible fixed assets -€20,736
down €20,736 (-16.0%), from €129,912 to €109,177
of which Plant, machinery and equipment: -€12,527
- Profit (loss) carried forward +€633,582
up €633,582 (+939%), from €67,455 to €701,037
- Reserves -€485,000
down €485,000 (-55.4%), from €875,000 to €390,000
of which Distributable reserves: -€465,000
- Other debts -€73,605
down €73,605 (-92.0%), from €80,000 to €6,395
- Trade debts +€16,852
up €16,852 (+14.5%), from €116,613 to €133,466
- Financial income -€61,700
down €61,700 (-93.7%), from €65,846 to €4,145
- Taxes -€47,829
down €47,829 (-50.8%), from €94,109 to €46,280
- Write-downs +€31,219
new in 2025: €31,219
- Staff costs +€12,420
up €12,420 (+11.4%), from €108,910 to €121,330
- Gross operating margin +€5,245
up €5,245 (+1.5%), from €359,490 to €364,736
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,485 | €1,308,368 | +€87,883 | +7.2% |
| Fixed assets | 21/28 | €694,223 | €109,177 | -€585,046 | -84.3% |
| Tangible fixed assets | 22/27 | €129,912 | €109,177 | -€20,736 | -16.0% |
| Land and buildings | 22 | €23,061 | €17,494 | -€5,567 | -24.1% |
| Plant, machinery and equipment | 23 | €71,486 | €58,959 | -€12,527 | -17.5% |
| Furniture and vehicles | 24 | €35,365 | €32,724 | -€2,642 | -7.5% |
| Financial fixed assets | 28 | €564,310 | - | -€564,310 | |
| Current assets | 29/58 | €526,262 | €1,199,191 | +€672,929 | +128% |
| Stocks and contracts in progress | 3 | €168,776 | €159,844 | -€8,932 | -5.3% |
| Stocks | 30/36 | €168,776 | €159,844 | -€8,932 | -5.3% |
| Amounts receivable within one year | 40/41 | €96,016 | €675,377 | +€579,361 | +603% |
| Trade receivables | 40 | €80,571 | €111,063 | +€30,492 | +37.8% |
| Other amounts receivable | 41 | €15,445 | €564,314 | +€548,869 | +3,554% |
| Cash at bank and in hand | 54/58 | €254,292 | €357,719 | +€103,427 | +40.7% |
| Deferred charges and accrued income | 490/1 | €7,178 | €6,250 | -€928 | -12.9% |
| Total equity and liabilities | 10/49 | €1,220,485 | €1,308,368 | +€87,883 | +7.2% |
| Equity | 10/15 | €961,055 | €1,109,637 | +€148,582 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €875,000 | €390,000 | -€485,000 | -55.4% |
| Non-distributable reserves | 130/1 | €20,000 | - | -€20,000 | |
| Reserves not available under the articles | 1311 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €855,000 | €390,000 | -€465,000 | -54.4% |
| Profit (loss) carried forward | 14 | €67,455 | €701,037 | +€633,582 | +939% |
| Amounts payable | 17/49 | €259,430 | €198,730 | -€60,700 | -23.4% |
| Amounts payable within one year | 42/48 | €259,430 | €198,730 | -€60,700 | -23.4% |
| Trade debts | 44 | €116,613 | €133,466 | +€16,852 | +14.5% |
| Suppliers | 440/4 | €116,613 | €133,466 | +€16,852 | +14.5% |
| Taxes, remuneration and social security | 45 | €62,817 | €58,870 | -€3,947 | -6.3% |
| Taxes | 450/3 | €46,457 | €43,428 | -€3,028 | -6.5% |
| Remuneration and social security | 454/9 | €16,360 | €15,442 | -€918 | -5.6% |
| Other amounts payable | 47/48 | €80,000 | €6,395 | -€73,605 | -92.0% |
| Remuneration, social security and pensions | 62 | €108,910 | €121,330 | +€12,420 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €20,736 | -€140 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,219 | +€31,219 | |
| Other operating charges | 640/8 | €1 | €49 | +€48 | +7,769% |
| Gross operating margin | 9900 | €359,490 | €364,736 | +€5,245 | +1.5% |
| Operating profit (loss) | 9901 | €229,705 | €191,403 | -€38,302 | -16.7% |
| Financial income | 75/76B | €65,846 | €4,145 | -€61,700 | -93.7% |
| Recurring financial income | 75 | €65,846 | €4,145 | -€61,700 | -93.7% |
| Financial charges | 65/66B | €766 | €687 | -€79 | -10.3% |
| Recurring financial charges | 65 | €766 | €687 | -€79 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €294,785 | €194,862 | -€99,923 | -33.9% |
| Income taxes | 67/77 | €94,109 | €46,280 | -€47,829 | -50.8% |
| Profit (loss) for the period | 9904 | €200,676 | €148,582 | -€52,094 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,676 | €148,582 | -€52,094 | -26.0% |
Next steps
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 4 November 2026 via checked.be.