PHARMACIES SERVAIS: 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.
What changed
PHARMACIES SERVAIS
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €407,412+€1.1m
Equity
€7.9m
2024 · €6.4m+€1.5m
Cash
€1.1m
2024 · €944,939+€116,413
Balance sheet total
€28.6m
2024 · €27.7m+€976,146
Largest movements
Assets
- Receivables within one year +€999,449
up €999,449 (+55.4%), from €1.8m to €2.8m
of which Other amounts receivable: +€524,363
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-12.7%), from €10.0m to €8.7m
- Profit (loss) carried forward +€991,522
up €991,522 (+24.0%), from €4.1m to €5.1m
- Other debts +€794,806
up €794,806 (+153%), from €518,777 to €1.3m
- Reserves +€501,864
up €501,864 (+32.9%), from €1.5m to €2.0m
of which Tax-exempt reserves: +€501,864
- Accrued charges and deferred income -€497,763
down €497,763 (-31.1%), from €1.6m to €1.1m
Income statement
- Turnover +€3.3m
up €3.3m (+6.8%), from €48.9m to €52.2m
- Goods and materials +€2.3m
up €2.3m (+7.3%), from €31.9m to €34.2m
of which Purchases: +€3.0m
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.
Result 2024
€407,412
Turnover
+€3.3m
Other operating income
+€74,180
Goods and materials
-€2.3m
Services and other goods
+€14,805
Staff costs
-€208,117
Depreciation
+€113,524
Write-downs
-€18,054
Other operating charges
+€8,781
Other operating items
+€424,883
Financial income
+€33,365
Financial charges
-€411
Taxes
-€325,167
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€738,999
Financing
-€1.4m
Cash 2024
€944,939
From operations (derived)
+€2.2m
Net result for the year
+€1.5m
Depreciation
+€949,550
Smaller working-capital items
+€981
Receivables within one year
-€999,449
Deferred charges and accrued income
-€72,928
Trade debts
+€417,725
Tax, wage and social debts
+€119,280
Other debts
+€794,806
Accrued charges and deferred income
-€497,763
Investment (derived)
-€738,999
Investment in fixed assets (net)
-€738,999
Financing
-€1.4m
Debts after one year
-€1.3m
Current portion of long-term debt
-€28,717
Short-term financial debts
-€49,767
Contributions, distributions and other
-€4,136
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,669,317 | €28,645,463 | +€976,146 | +3.5% |
| Formation expenses | 20 | €56,442 | €47,402 | -€9,040 | -16.0% |
| Fixed assets | 21/28 | €18,933,433 | €18,731,922 | -€201,511 | -1.1% |
| Intangible fixed assets | 21 | €516,433 | €428,923 | -€87,510 | -16.9% |
| Tangible fixed assets | 22/27 | €11,871,847 | €11,831,795 | -€40,053 | -0.3% |
| Land and buildings | 22 | €9,192,815 | €8,825,730 | -€367,085 | -4.0% |
| Plant, machinery and equipment | 23 | €583,553 | €604,048 | +€20,495 | +3.5% |
| Furniture and vehicles | 24 | €292,491 | €238,498 | -€53,993 | -18.5% |
| Leasing and similar rights | 25 | €93,582 | €60,760 | -€32,822 | -35.1% |
| Other tangible fixed assets | 26 | €1,689,464 | €1,512,829 | -€176,635 | -10.5% |
| Assets under construction and advance payments | 27 | €19,942 | €589,928 | +€569,986 | +2,858% |
| Financial fixed assets | 28 | €6,545,152 | €6,471,204 | -€73,948 | -1.1% |
| Affiliated companies | 280/1 | €6,523,098 | €6,434,150 | -€88,948 | -1.4% |
| Participating interests | 280 | €6,523,098 | €6,434,150 | -€88,948 | -1.4% |
| Other financial fixed assets | 284/8 | €22,055 | €37,055 | +€15,000 | +68.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,055 | €37,055 | +€15,000 | +68.0% |
| Current assets | 29/58 | €8,679,442 | €9,866,140 | +€1.2m | +13.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,722,553 | €5,720,460 | -€2,093 | 0.0% |
| Stocks | 30/36 | €5,722,553 | €5,720,460 | -€2,093 | 0.0% |
| Goods purchased for resale | 34 | €5,722,553 | €5,720,460 | -€2,093 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,802,458 | €2,801,907 | +€999,449 | +55.4% |
| Trade receivables | 40 | €1,511,627 | €1,986,713 | +€475,086 | +31.4% |
| Other amounts receivable | 41 | €290,831 | €815,194 | +€524,363 | +180% |
| Cash at bank and in hand | 54/58 | €944,939 | €1,061,352 | +€116,413 | +12.3% |
| Deferred charges and accrued income | 490/1 | €209,492 | €282,420 | +€72,928 | +34.8% |
| Total equity and liabilities | 10/49 | €27,669,317 | €28,645,463 | +€976,146 | +3.5% |
| Equity | 10/15 | €6,403,801 | €7,893,050 | +€1.5m | +23.3% |
| Contributions | 10/11 | €56,272 | €56,272 | = | 0.0% |
| Revaluation surpluses | 12 | €662,824 | €662,824 | = | 0.0% |
| Reserves | 13 | €1,527,122 | €2,028,986 | +€501,864 | +32.9% |
| Tax-exempt reserves | 132 | €521,280 | €1,023,144 | +€501,864 | +96.3% |
| Distributable reserves | 133 | €1,005,842 | €1,005,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,126,944 | €5,118,466 | +€991,522 | +24.0% |
| Investment grants | 15 | €30,639 | €26,502 | -€4,136 | -13.5% |
| Provisions and deferred taxes | 16 | €20,927 | €19,815 | -€1,112 | -5.3% |
| Deferred taxes | 168 | €20,927 | €19,815 | -€1,112 | -5.3% |
| Amounts payable | 17/49 | €21,244,590 | €20,732,599 | -€511,991 | -2.4% |
| Amounts payable after more than one year | 17 | €9,988,823 | €8,721,269 | -€1.3m | -12.7% |
| Financial debts | 170/4 | €9,988,823 | €8,721,269 | -€1.3m | -12.7% |
| Leasing and similar obligations | 172 | €63,158 | €29,044 | -€34,114 | -54.0% |
| Credit institutions | 173 | €9,925,665 | €8,692,225 | -€1.2m | -12.4% |
| Amounts payable within one year | 42/48 | €9,655,536 | €10,908,862 | +€1.3m | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €1,824,657 | €1,795,939 | -€28,717 | -1.6% |
| Financial debts | 43 | €950,694 | €900,927 | -€49,767 | -5.2% |
| Credit institutions | 430/8 | €950,694 | €900,927 | -€49,767 | -5.2% |
| Trade debts | 44 | €4,298,509 | €4,716,233 | +€417,725 | +9.7% |
| Suppliers | 440/4 | €4,297,739 | €4,715,721 | +€417,983 | +9.7% |
| Bills of exchange payable | 441 | €770 | €512 | -€258 | -33.5% |
| Taxes, remuneration and social security | 45 | €2,062,900 | €2,182,180 | +€119,280 | +5.8% |
| Taxes | 450/3 | €315,688 | €327,462 | +€11,775 | +3.7% |
| Remuneration and social security | 454/9 | €1,747,213 | €1,854,718 | +€107,505 | +6.2% |
| Other amounts payable | 47/48 | €518,777 | €1,313,583 | +€794,806 | +153% |
| Accrued charges and deferred income | 492/3 | €1,600,230 | €1,102,467 | -€497,763 | -31.1% |
| Operating income | 70/76A | €49,667,096 | €53,040,883 | +€3.4m | +6.8% |
| Turnover | 70 | €48,862,131 | €52,161,738 | +€3.3m | +6.8% |
| Other operating income | 74 | €804,965 | €879,145 | +€74,180 | +9.2% |
| Operating charges | 60/66A | €48,307,227 | €50,302,827 | +€2.0m | +4.1% |
| Goods for resale, raw materials and consumables | 60 | €31,852,760 | €34,184,183 | +€2.3m | +7.3% |
| Purchases | 600/8 | €31,159,994 | €34,198,996 | +€3.0m | +9.8% |
| Change in stocks: decrease (increase) | 609 | €692,766 | -€14,814 | -€707,580 | |
| Services and other goods | 61 | €5,399,194 | €5,384,389 | -€14,805 | -0.3% |
| Remuneration, social security and pensions | 62 | €9,187,030 | €9,395,147 | +€208,117 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063,075 | €949,550 | -€113,524 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,147 | €16,907 | +€18,054 | |
| Other operating charges | 640/8 | €85,741 | €76,960 | -€8,781 | -10.2% |
| Non-recurring operating charges | 66A | €720,574 | €295,691 | -€424,883 | -59.0% |
| Operating profit (loss) | 9901 | €1,359,869 | €2,738,057 | +€1.4m | +101% |
| Financial income | 75/76B | €104,458 | €137,823 | +€33,365 | +31.9% |
| Recurring financial income | 75 | €104,458 | €137,823 | +€33,365 | +31.9% |
| Income from financial fixed assets | 750 | €75,000 | €120,000 | +€45,000 | +60.0% |
| Income from current assets | 751 | €10,921 | €13,642 | +€2,721 | +24.9% |
| Other financial income | 752/9 | €18,537 | €4,181 | -€14,356 | -77.4% |
| Financial charges | 65/66B | €734,002 | €734,413 | +€411 | +0.1% |
| Recurring financial charges | 65 | €734,002 | €645,465 | -€88,537 | -12.1% |
| Debt charges | 650 | €559,568 | €486,205 | -€73,364 | -13.1% |
| Other financial charges | 652/9 | €174,434 | €159,261 | -€15,173 | -8.7% |
| Non-recurring financial charges | 66B | - | €88,948 | +€88,948 | |
| Profit (loss) for the period before taxes | 9903 | €730,326 | €2,141,466 | +€1.4m | +193% |
| Transfer from deferred taxes | 780 | €1,112 | €1,112 | +€0 | 0.0% |
| Income taxes | 67/77 | €324,026 | €649,193 | +€325,167 | +100% |
| Taxes | 670/3 | €324,026 | €649,193 | +€325,167 | +100% |
| Profit (loss) for the period | 9904 | €407,412 | €1,493,386 | +€1.1m | +267% |
| Transfer from tax-exempt reserves | 789 | €466,436 | €255,936 | -€210,500 | -45.1% |
| Transfer to tax-exempt reserves | 689 | - | €757,800 | +€757,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €873,848 | €991,522 | +€117,673 | +13.5% |
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 17 October 2026 via checked.be.