PHARMALAW: 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
PHARMALAW
NACE 47.730, Retail sale of pharmaceutical products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€10,079
2023 · -€103,617+€93,538
Equity
€1.2m
2023 · €1.2m-€10,079
Cash
€112,748
2023 · €121,338-€8,590
Balance sheet total
€2.9m
2023 · €3.1m-€176,482
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets +€238,018
up €238,018 (+24.8%), from €959,763 to €1.2m
of which Land and buildings: +€230,056
- Intangible fixed assets -€159,141
down €159,141 (-11.3%), from €1.4m to €1.2m
Equity and liabilities
- Current portion of long-term debt -€129,792
down €129,792 (-50.2%), from €258,564 to €128,772
- Trade debts -€43,639
down €43,639 (-27.8%), from €157,077 to €113,437
Income statement
- Gross operating margin +€161,485
up €161,485 (+56.2%), from €287,297 to €448,782
- Depreciation +€45,476
up €45,476 (+21.4%), from €212,031 to €257,507
- Taxes +€23,687
up €23,687 (+130%), from €18,259 to €41,946
- Financial charges +€13,626
up €13,626 (+35.5%), from €38,437 to €52,063
- Financial income +€9,763
up €9,763 (+21,141%), from €46 to €9,809
From the 2023 result to the 2024 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 2023
-€103,617
Gross operating margin
+€161,485
Staff costs
+€8,658
Depreciation
-€45,476
Other operating charges
-€3,578
Financial income
+€9,763
Financial charges
-€13,626
Taxes
-€23,687
Result 2024
-€10,079
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€199,276
Investment
-€86,383
Financing
-€121,483
Cash 2023
€121,338
From operations (derived)
+€199,276
Net result for the year
-€10,079
Depreciation
+€257,507
Stocks and contracts
-€17,842
Receivables within one year
+€14,367
Deferred charges and accrued income
+€245
Trade debts
-€43,639
Tax, wage and social debts
+€6,215
Other debts
-€21,361
Accrued charges and deferred income
+€13,864
Investment (derived)
-€86,383
Investment in fixed assets (net)
-€336,383
Current investments
+€250,000
Financing
-€121,483
Debts after one year
+€8,309
Current portion of long-term debt
-€129,792
Cash 2024
€112,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,081,438 | €2,904,955 | -€176,482 | -5.7% |
| Fixed assets | 21/28 | €2,372,156 | €2,451,033 | +€78,877 | +3.3% |
| Intangible fixed assets | 21 | €1,402,266 | €1,243,125 | -€159,141 | -11.3% |
| Tangible fixed assets | 22/27 | €959,763 | €1,197,780 | +€238,018 | +24.8% |
| Land and buildings | 22 | €686,983 | €917,039 | +€230,056 | +33.5% |
| Plant, machinery and equipment | 23 | €266,467 | €272,309 | +€5,842 | +2.2% |
| Furniture and vehicles | 24 | €6,312 | €8,432 | +€2,120 | +33.6% |
| Financial fixed assets | 28 | €10,127 | €10,127 | = | 0.0% |
| Current assets | 29/58 | €709,281 | €453,922 | -€255,359 | -36.0% |
| Stocks and contracts in progress | 3 | €148,619 | €166,462 | +€17,842 | +12.0% |
| Stocks | 30/36 | €148,619 | €166,462 | +€17,842 | +12.0% |
| Amounts receivable within one year | 40/41 | €185,898 | €171,531 | -€14,367 | -7.7% |
| Trade receivables | 40 | €76,763 | €91,374 | +€14,611 | +19.0% |
| Other amounts receivable | 41 | €109,135 | €80,157 | -€28,977 | -26.6% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €121,338 | €112,748 | -€8,590 | -7.1% |
| Deferred charges and accrued income | 490/1 | €3,426 | €3,181 | -€245 | -7.1% |
| Total equity and liabilities | 10/49 | €3,081,438 | €2,904,955 | -€176,482 | -5.7% |
| Equity | 10/15 | €1,177,874 | €1,167,795 | -€10,079 | -0.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €16,972 | €16,972 | = | 0.0% |
| Distributable reserves | 133 | €16,972 | €16,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,154,651 | €1,144,573 | -€10,079 | -0.9% |
| Amounts payable | 17/49 | €1,903,564 | €1,737,160 | -€166,403 | -8.7% |
| Amounts payable after more than one year | 17 | €1,288,327 | €1,296,637 | +€8,309 | +0.6% |
| Financial debts | 170/4 | €1,288,327 | €1,295,137 | +€6,809 | +0.5% |
| Other amounts payable | 178/9 | - | €1,500 | +€1,500 | |
| Amounts payable within one year | 42/48 | €615,236 | €426,659 | -€188,577 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €258,564 | €128,772 | -€129,792 | -50.2% |
| Trade debts | 44 | €157,077 | €113,437 | -€43,639 | -27.8% |
| Suppliers | 440/4 | €157,077 | €113,437 | -€43,639 | -27.8% |
| Taxes, remuneration and social security | 45 | €56,309 | €62,525 | +€6,215 | +11.0% |
| Taxes | 450/3 | €28,738 | €38,358 | +€9,620 | +33.5% |
| Remuneration and social security | 454/9 | €27,571 | €24,167 | -€3,404 | -12.3% |
| Other amounts payable | 47/48 | €143,286 | €121,925 | -€21,361 | -14.9% |
| Accrued charges and deferred income | 492/3 | - | €13,864 | +€13,864 | |
| Remuneration, social security and pensions | 62 | €119,186 | €110,528 | -€8,658 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,031 | €257,507 | +€45,476 | +21.4% |
| Other operating charges | 640/8 | €3,048 | €6,626 | +€3,578 | +117% |
| Gross operating margin | 9900 | €287,297 | €448,782 | +€161,485 | +56.2% |
| Operating profit (loss) | 9901 | -€46,968 | €74,122 | +€121,089 | |
| Financial income | 75/76B | €46 | €9,809 | +€9,763 | +21,141% |
| Recurring financial income | 75 | €46 | €9,809 | +€9,763 | +21,141% |
| Financial charges | 65/66B | €38,437 | €52,063 | +€13,626 | +35.5% |
| Recurring financial charges | 65 | €38,437 | €52,063 | +€13,626 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€85,359 | €31,867 | +€117,226 | |
| Income taxes | 67/77 | €18,259 | €41,946 | +€23,687 | +130% |
| Profit (loss) for the period | 9904 | -€103,617 | -€10,079 | +€93,538 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,617 | -€10,079 | +€93,538 | +90.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.