PHARMACIE GERARD: what changed
What changed
PHARMACIE GERARD
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€36,975
2024 · €33,090+€3,885
Equity
€77,222
2024 · €51,080+€26,142
Cash
€86,543
2024 · €52,961+€33,582
Balance sheet total
€273,429
2024 · €253,708+€19,721
Largest movements
Assets
- Cash +€33,582
up €33,582 (+63.4%), from €52,961 to €86,543
mainly Net result for the year (+€36,975) and Depreciation (+€27,309)
- Intangible fixed assets -€15,000
down €15,000 (-16.7%), from €90,000 to €75,000
- Receivables within one year +€14,147
up €14,147 (+41.8%), from €33,838 to €47,985
of which Trade receivables: +€14,543
- Tangible fixed assets -€12,309
down €12,309 (-61.1%), from €20,159 to €7,850
of which Furniture and vehicles: -€9,790
Equity and liabilities
- Reserves +€26,000
up €26,000 (+56.5%), from €46,000 to €72,000
- Other debts -€16,520
down €16,520 (-11.3%), from €146,104 to €129,584
- Trade debts +€15,086
up €15,086 (+39.0%), from €38,655 to €53,740
- Debts after one year -€4,475
no longer reported in 2025 (was €4,475)
Income statement
- Gross operating margin +€6,826
up €6,826 (+6.9%), from €98,409 to €105,235
- Staff costs +€2,979
up €2,979 (+11.0%), from €27,162 to €30,140
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.
Result 2024
€33,090
Gross operating margin
+€6,826
Staff costs
-€2,979
Depreciation
-€160
Other operating charges
+€81
Financial income
+€647
Financial charges
+€159
Taxes
-€689
Result 2025
€36,975
raises the resultlowers the result
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.
From operations
+€50,727
Investment
€0
Financing
-€17,145
Cash 2024
€52,961
From operations (derived)
+€50,727
Net result for the year
+€36,975
Depreciation
+€27,309
Stocks and contracts
+€1,307
Receivables within one year
-€14,147
Deferred charges and accrued income
-€608
Trade debts
+€15,086
Tax, wage and social debts
+€1,635
Other debts
-€16,520
Accrued charges and deferred income
-€310
Financing
-€17,145
Debts after one year
-€4,475
Current portion of long-term debt
-€1,837
Contributions, distributions and other
-€10,833
Cash 2025
€86,543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,708 | €273,429 | +€19,721 | +7.8% |
| Fixed assets | 21/28 | €110,334 | €83,025 | -€27,309 | -24.8% |
| Intangible fixed assets | 21 | €90,000 | €75,000 | -€15,000 | -16.7% |
| Tangible fixed assets | 22/27 | €20,159 | €7,850 | -€12,309 | -61.1% |
| Plant, machinery and equipment | 23 | €2,837 | €2,498 | -€339 | -11.9% |
| Furniture and vehicles | 24 | €13,966 | €4,176 | -€9,790 | -70.1% |
| Leasing and similar rights | 25 | €3,356 | €1,176 | -€2,181 | -65.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €143,374 | €190,404 | +€47,030 | +32.8% |
| Stocks and contracts in progress | 3 | €52,064 | €50,757 | -€1,307 | -2.5% |
| Stocks | 30/36 | €52,064 | €50,757 | -€1,307 | -2.5% |
| Amounts receivable within one year | 40/41 | €33,838 | €47,985 | +€14,147 | +41.8% |
| Trade receivables | 40 | €31,308 | €45,851 | +€14,543 | +46.5% |
| Other amounts receivable | 41 | €2,530 | €2,134 | -€396 | -15.7% |
| Cash at bank and in hand | 54/58 | €52,961 | €86,543 | +€33,582 | +63.4% |
| Deferred charges and accrued income | 490/1 | €4,511 | €5,119 | +€608 | +13.5% |
| Total equity and liabilities | 10/49 | €253,708 | €273,429 | +€19,721 | +7.8% |
| Equity | 10/15 | €51,080 | €77,222 | +€26,142 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €72,000 | +€26,000 | +56.5% |
| Distributable reserves | 133 | €46,000 | €72,000 | +€26,000 | +56.5% |
| Profit (loss) carried forward | 14 | €80 | €222 | +€142 | +177% |
| Amounts payable | 17/49 | €202,628 | €196,207 | -€6,421 | -3.2% |
| Amounts payable after more than one year | 17 | €4,475 | - | -€4,475 | |
| Financial debts | 170/4 | €4,475 | - | -€4,475 | |
| Amounts payable within one year | 42/48 | €197,300 | €195,664 | -€1,636 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €6,101 | €4,265 | -€1,837 | -30.1% |
| Trade debts | 44 | €38,655 | €53,740 | +€15,086 | +39.0% |
| Suppliers | 440/4 | €38,655 | €53,740 | +€15,086 | +39.0% |
| Taxes, remuneration and social security | 45 | €6,440 | €8,075 | +€1,635 | +25.4% |
| Taxes | 450/3 | €2,215 | €3,301 | +€1,085 | +49.0% |
| Remuneration and social security | 454/9 | €4,225 | €4,774 | +€549 | +13.0% |
| Other amounts payable | 47/48 | €146,104 | €129,584 | -€16,520 | -11.3% |
| Accrued charges and deferred income | 492/3 | €853 | €543 | -€310 | -36.3% |
| Remuneration, social security and pensions | 62 | €27,162 | €30,140 | +€2,979 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,149 | €27,309 | +€160 | +0.6% |
| Other operating charges | 640/8 | €924 | €844 | -€81 | -8.7% |
| Gross operating margin | 9900 | €98,409 | €105,235 | +€6,826 | +6.9% |
| Operating profit (loss) | 9901 | €43,174 | €46,942 | +€3,768 | +8.7% |
| Financial income | 75/76B | €0 | €647 | +€647 | +6,473,700% |
| Recurring financial income | 75 | €0 | €647 | +€647 | +6,473,700% |
| Financial charges | 65/66B | €1,902 | €1,743 | -€159 | -8.4% |
| Recurring financial charges | 65 | €1,902 | €1,743 | -€159 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €41,272 | €45,847 | +€4,575 | +11.1% |
| Income taxes | 67/77 | €8,182 | €8,871 | +€689 | +8.4% |
| Profit (loss) for the period | 9904 | €33,090 | €36,975 | +€3,885 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,090 | €36,975 | +€3,885 | +11.7% |
Next steps
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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 7 November 2026 via checked.be.