Pharmacie Valentin: what changed
What changed
Pharmacie Valentin
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
-€49,394
2023 · €12,462-€61,856
Equity
€77,397
2023 · €126,791-€49,394
Cash
€23,348
2023 · €31,684-€8,337
Balance sheet total
€329,583
2023 · €387,948-€58,365
Largest movements
Assets
- Intangible fixed assets -€34,492
down €34,492 (-100%), from €34,492 to €0
- Tangible fixed assets -€15,700
down €15,700 (-6.9%), from €227,263 to €211,563
of which Land and buildings: -€13,213
- Cash -€8,337
down €8,337 (-26.3%), from €31,684 to €23,348
mainly Net result for the year (-€49,394) and Debts after one year (-€22,786)
Equity and liabilities
- Profit (loss) carried forward -€49,394
down €49,394 (-47.1%), from €104,791 to €55,397
- Other debts +€33,318
up €33,318 (+32.3%), from €103,059 to €136,377
- Debts after one year -€22,786
down €22,786 (-56.8%), from €40,110 to €17,325
- Current portion of long-term debt -€6,673
down €6,673 (-21.3%), from €31,341 to €24,668
- Short-term financial debts -€5,833
down €5,833 (-69.6%), from €8,379 to €2,547
Income statement
- Gross operating margin -€71,968
down €71,968 (-57.2%), from €125,835 to €53,867
- Taxes -€11,544
down €11,544 (-95.9%), from €12,036 to €492
- Staff costs +€1,267
up €1,267 (+3.2%), from €39,912 to €41,180
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.
Result 2023
€12,462
Gross operating margin
-€71,968
Staff costs
-€1,267
Depreciation
-€832
Other operating charges
+€70
Financial income
-€0
Financial charges
+€597
Taxes
+€11,544
Result 2024
-€49,394
raises the resultlowers the result
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.
From operations
+€29,454
Investment
-€2,500
Financing
-€35,291
Cash 2023
€31,684
From operations (derived)
+€29,454
Net result for the year
-€49,394
Depreciation
+€52,692
Stocks and contracts
+€398
Receivables within one year
-€1,473
Deferred charges and accrued income
+€912
Trade debts
-€4,536
Tax, wage and social debts
-€2,349
Other debts
+€33,318
Accrued charges and deferred income
-€112
Investment (derived)
-€2,500
Investment in fixed assets (net)
-€2,500
Financing
-€35,291
Debts after one year
-€22,786
Current portion of long-term debt
-€6,673
Short-term financial debts
-€5,833
Cash 2024
€23,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,948 | €329,583 | -€58,365 | -15.0% |
| Fixed assets | 21/28 | €262,558 | €212,366 | -€50,192 | -19.1% |
| Intangible fixed assets | 21 | €34,492 | €0 | -€34,492 | -100% |
| Tangible fixed assets | 22/27 | €227,263 | €211,563 | -€15,700 | -6.9% |
| Land and buildings | 22 | €188,610 | €175,397 | -€13,213 | -7.0% |
| Plant, machinery and equipment | 23 | €38,653 | €36,166 | -€2,487 | -6.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €125,390 | €117,217 | -€8,173 | -6.5% |
| Stocks and contracts in progress | 3 | €56,258 | €55,860 | -€398 | -0.7% |
| Stocks | 30/36 | €56,258 | €55,860 | -€398 | -0.7% |
| Amounts receivable within one year | 40/41 | €34,736 | €36,209 | +€1,473 | +4.2% |
| Trade receivables | 40 | €34,286 | €29,209 | -€5,077 | -14.8% |
| Other amounts receivable | 41 | €450 | €7,000 | +€6,550 | +1,456% |
| Cash at bank and in hand | 54/58 | €31,684 | €23,348 | -€8,337 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,712 | €1,800 | -€912 | -33.6% |
| Total equity and liabilities | 10/49 | €387,948 | €329,583 | -€58,365 | -15.0% |
| Equity | 10/15 | €126,791 | €77,397 | -€49,394 | -39.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,791 | €55,397 | -€49,394 | -47.1% |
| Amounts payable | 17/49 | €261,157 | €252,186 | -€8,971 | -3.4% |
| Amounts payable after more than one year | 17 | €40,110 | €17,325 | -€22,786 | -56.8% |
| Financial debts | 170/4 | €40,110 | €17,325 | -€22,786 | -56.8% |
| Amounts payable within one year | 42/48 | €220,934 | €234,861 | +€13,927 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €31,341 | €24,668 | -€6,673 | -21.3% |
| Financial debts | 43 | €8,379 | €2,547 | -€5,833 | -69.6% |
| Credit institutions | 430/8 | €8,379 | €2,547 | -€5,833 | -69.6% |
| Trade debts | 44 | €61,711 | €57,175 | -€4,536 | -7.3% |
| Suppliers | 440/4 | €61,711 | €57,175 | -€4,536 | -7.3% |
| Taxes, remuneration and social security | 45 | €16,444 | €14,094 | -€2,349 | -14.3% |
| Taxes | 450/3 | €5,717 | €7,351 | +€1,634 | +28.6% |
| Remuneration and social security | 454/9 | €10,727 | €6,744 | -€3,983 | -37.1% |
| Other amounts payable | 47/48 | €103,059 | €136,377 | +€33,318 | +32.3% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100% |
| Remuneration, social security and pensions | 62 | €39,912 | €41,180 | +€1,267 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,860 | €52,692 | +€832 | +1.6% |
| Other operating charges | 640/8 | €2,534 | €2,464 | -€70 | -2.8% |
| Gross operating margin | 9900 | €125,835 | €53,867 | -€71,968 | -57.2% |
| Operating profit (loss) | 9901 | €31,529 | -€42,468 | -€73,997 | |
| Financial income | 75/76B | €60 | €60 | -€0 | -0.2% |
| Recurring financial income | 75 | €60 | €60 | -€0 | -0.2% |
| Financial charges | 65/66B | €7,092 | €6,495 | -€597 | -8.4% |
| Recurring financial charges | 65 | €7,092 | €6,495 | -€597 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €24,498 | -€48,902 | -€73,400 | |
| Income taxes | 67/77 | €12,036 | €492 | -€11,544 | -95.9% |
| Profit (loss) for the period | 9904 | €12,462 | -€49,394 | -€61,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,462 | -€49,394 | -€61,856 |
Next steps
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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 3 November 2026 via checked.be.