PHARMACIE G. DENEF: what changed
PHARMACIE G. DENEF
Largest movements
- Receivables within one year +€183,468
up €183,468 (+32.5%), from €565,338 to €748,807
of which Trade receivables: +€145,351
- Cash +€79,080
up €79,080 (+92.7%), from €85,333 to €164,413
mainly Trade debts (+€235,605) and Depreciation (+€59,148)
- Tangible fixed assets -€54,287
down €54,287 (-13.4%), from €405,532 to €351,244
of which Land and buildings: -€47,296
- Stocks and contracts +€51,365
up €51,365 (+25.9%), from €198,087 to €249,452
- Trade debts +€235,605
up €235,605 (+47.8%), from €492,383 to €727,988
- Debts after one year -€45,644
down €45,644 (-20.7%), from €221,033 to €175,389
- Profit (loss) carried forward +€31,162
up €31,162 (+18.6%), from €167,379 to €198,541
- Tax, wage and social debts +€25,532
up €25,532 (+31.5%), from €81,110 to €106,642
of which Taxes: +€16,000
- Gross operating margin -€91,063
down €91,063 (-20.7%), from €438,917 to €347,854
- Staff costs +€41,630
up €41,630 (+21.8%), from €190,566 to €232,196
- Taxes -€32,658
down €32,658 (-71.5%), from €45,664 to €13,006
- Depreciation -€5,422
down €5,422 (-8.4%), from €64,570 to €59,148
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,256,344 | €1,515,969 | +€259,625 | +20.7% |
| Fixed assets | 21/28 | €407,585 | €353,298 | -€54,287 | -13.3% |
| Tangible fixed assets | 22/27 | €405,532 | €351,244 | -€54,287 | -13.4% |
| Land and buildings | 22 | €339,064 | €291,768 | -€47,296 | -13.9% |
| Plant, machinery and equipment | 23 | €1,503 | €4,238 | +€2,735 | +182% |
| Furniture and vehicles | 24 | €886 | €760 | -€126 | -14.3% |
| Leasing and similar rights | 25 | €64,079 | €54,479 | -€9,600 | -15.0% |
| Financial fixed assets | 28 | €2,054 | €2,054 | = | 0.0% |
| Current assets | 29/58 | €848,759 | €1,162,671 | +€313,913 | +37.0% |
| Stocks and contracts in progress | 3 | €198,087 | €249,452 | +€51,365 | +25.9% |
| Stocks | 30/36 | €198,087 | €249,452 | +€51,365 | +25.9% |
| Amounts receivable within one year | 40/41 | €565,338 | €748,807 | +€183,468 | +32.5% |
| Trade receivables | 40 | €184,066 | €329,418 | +€145,351 | +79.0% |
| Other amounts receivable | 41 | €381,272 | €419,389 | +€38,117 | +10.0% |
| Cash at bank and in hand | 54/58 | €85,333 | €164,413 | +€79,080 | +92.7% |
| Total equity and liabilities | 10/49 | €1,256,344 | €1,515,969 | +€259,625 | +20.7% |
| Equity | 10/15 | €373,686 | €404,848 | +€31,162 | +8.3% |
| Contributions | 10/11 | €141,000 | €141,000 | = | 0.0% |
| Reserves | 13 | €65,307 | €65,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €63,448 | €63,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,379 | €198,541 | +€31,162 | +18.6% |
| Amounts payable | 17/49 | €882,657 | €1,111,121 | +€228,464 | +25.9% |
| Amounts payable after more than one year | 17 | €221,033 | €175,389 | -€45,644 | -20.7% |
| Financial debts | 170/4 | €221,033 | €175,389 | -€45,644 | -20.7% |
| Amounts payable within one year | 42/48 | €661,624 | €935,732 | +€274,108 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €44,831 | €46,495 | +€1,664 | +3.7% |
| Trade debts | 44 | €492,383 | €727,988 | +€235,605 | +47.8% |
| Suppliers | 440/4 | €492,383 | €727,988 | +€235,605 | +47.8% |
| Taxes, remuneration and social security | 45 | €81,110 | €106,642 | +€25,532 | +31.5% |
| Taxes | 450/3 | €50,308 | €66,308 | +€16,000 | +31.8% |
| Remuneration and social security | 454/9 | €30,802 | €40,334 | +€9,532 | +30.9% |
| Other amounts payable | 47/48 | €43,300 | €54,607 | +€11,306 | +26.1% |
| Remuneration, social security and pensions | 62 | €190,566 | €232,196 | +€41,630 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,570 | €59,148 | -€5,422 | -8.4% |
| Other operating charges | 640/8 | €892 | €844 | -€48 | -5.4% |
| Gross operating margin | 9900 | €438,917 | €347,854 | -€91,063 | -20.7% |
| Operating profit (loss) | 9901 | €182,888 | €55,666 | -€127,222 | -69.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,762 | €11,498 | +€736 | +6.8% |
| Recurring financial charges | 65 | €10,762 | €11,498 | +€736 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €172,127 | €44,168 | -€127,958 | -74.3% |
| Income taxes | 67/77 | €45,664 | €13,006 | -€32,658 | -71.5% |
| Profit (loss) for the period | 9904 | €126,463 | €31,162 | -€95,301 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,463 | €31,162 | -€95,301 | -75.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.