Revogan: what changed
Two fiscal 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
Revogan
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€62,091
2024 · €198,503-€136,412
Equity
€2.9m
2024 · €2.8m+€62,091
Cash
€256,708
2024 · €230,729+€25,980
Balance sheet total
€6.9m
2024 · €8.0m-€1.1m
Largest movements
Assets
- Receivables within one year -€499,340
down €499,340 (-13.1%), from €3.8m to €3.3m
of which Trade receivables: -€453,914
- Financial fixed assets -€308,784
down €308,784 (-85.6%), from €360,897 to €52,112
of which Affiliated companies: -€308,784
- Stocks and contracts -€268,262
down €268,262 (-10.2%), from €2.6m to €2.4m
- Tangible fixed assets -€102,284
down €102,284 (-11.0%), from €925,864 to €823,580
Equity and liabilities
- Trade debts -€1.3m
down €1.3m (-41.3%), from €3.1m to €1.8m
- Debts after one year -€593,597
down €593,597 (-64.9%), from €913,999 to €320,402
- Other debts +€418,255
up €418,255 (+938634.3%), from €45 to €418,300
- Short-term financial debts +€200,000
up €200,000 (+27.8%), from €720,000 to €920,000
Income statement
- Services and other goods -€309,390
down €309,390 (-9.1%), from €3.4m to €3.1m
- Financial charges +€270,942
up €270,942 (+233.9%), from €115,813 to €386,755
of which Non-recurring financial charges: +€278,784
- Turnover +€198,582
up €198,582 (+1.1%), from €17.6m to €17.8m
- Goods and materials +€196,581
up €196,581 (+1.7%), from €11.9m to €12.1m
of which Change in stocks: decrease (increase): +€629,002
- Write-downs +€195,383
new in 2025: €195,383
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
€198,503
Turnover
+€198,582
Other operating income
-€5,714
Goods and materials
-€196,581
Services and other goods
+€309,390
Staff costs
+€13,816
Depreciation
+€44,563
Write-downs
-€195,383
Other operating charges
-€27,565
Other operating items
+€22,730
Financial income
+€73,277
Financial charges
-€270,942
Taxes
-€102,586
Result 2025
€62,091
Cash bridge derived
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
+€198,988
Investment
+€267,142
Financing
-€440,150
Cash 2024
€230,729
From operations (derived)
+€198,988
Net result for the year
+€62,091
Depreciation
+€129,470
Stocks and contracts
+€268,262
Receivables within one year
+€499,340
Deferred charges and accrued income
-€7,029
Trade debts
-€1.3m
Tax, wage and social debts
+€50,033
Other debts
+€418,255
Accrued charges and deferred income
+€38,609
Investment (derived)
+€267,142
Investment in fixed assets (net)
+€267,142
Financing
-€440,150
Debts after one year
-€593,597
Current portion of long-term debt
-€46,554
Short-term financial debts
+€200,000
Cash 2025
€256,708
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,993,283 | €6,862,077 | -€1.1m | -14.2% |
| Fixed assets | 21/28 | €1,286,761 | €890,149 | -€396,612 | -30.8% |
| Intangible fixed assets | 21 | €0 | €14,457 | +€14,457 | |
| Tangible fixed assets | 22/27 | €925,864 | €823,580 | -€102,284 | -11.0% |
| Land and buildings | 22 | €494,185 | €470,404 | -€23,781 | -4.8% |
| Plant, machinery and equipment | 23 | €335,276 | €307,359 | -€27,917 | -8.3% |
| Furniture and vehicles | 24 | €96,403 | €45,817 | -€50,587 | -52.5% |
| Financial fixed assets | 28 | €360,897 | €52,112 | -€308,784 | -85.6% |
| Affiliated companies | 280/1 | €358,784 | €50,000 | -€308,784 | -86.1% |
| Participating interests | 280 | €328,784 | €50,000 | -€278,784 | -84.8% |
| Amounts receivable | 281 | €30,000 | €0 | -€30,000 | -100.0% |
| Other financial fixed assets | 284/8 | €2,112 | €2,112 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,112 | €2,112 | = | 0.0% |
| Current assets | 29/58 | €6,706,522 | €5,971,929 | -€734,594 | -11.0% |
| Stocks and contracts in progress | 3 | €2,633,099 | €2,364,837 | -€268,262 | -10.2% |
| Stocks | 30/36 | €2,633,099 | €2,364,837 | -€268,262 | -10.2% |
| Goods purchased for resale | 34 | €2,633,099 | €2,364,837 | -€268,262 | -10.2% |
| Amounts receivable within one year | 40/41 | €3,813,605 | €3,314,265 | -€499,340 | -13.1% |
| Trade receivables | 40 | €3,530,735 | €3,076,821 | -€453,914 | -12.9% |
| Other amounts receivable | 41 | €282,870 | €237,444 | -€45,426 | -16.1% |
| Cash at bank and in hand | 54/58 | €230,729 | €256,708 | +€25,980 | +11.3% |
| Deferred charges and accrued income | 490/1 | €29,089 | €36,118 | +€7,029 | +24.2% |
| Total equity and liabilities | 10/49 | €7,993,283 | €6,862,077 | -€1.1m | -14.2% |
| Equity | 10/15 | €2,823,643 | €2,885,734 | +€62,091 | +2.2% |
| Contributions | 10/11 | €695,993 | €695,993 | = | 0.0% |
| Capital | 10 | €695,993 | €695,993 | = | 0.0% |
| Issued capital | 100 | €695,993 | €695,993 | = | 0.0% |
| Reserves | 13 | €2,127,650 | €2,189,741 | +€62,091 | +2.9% |
| Non-distributable reserves | 130/1 | €69,599 | €69,599 | = | 0.0% |
| Legal reserve | 130 | €69,599 | €69,599 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,225 | €19,225 | = | 0.0% |
| Distributable reserves | 133 | €2,038,826 | €2,100,917 | +€62,091 | +3.0% |
| Amounts payable | 17/49 | €5,169,640 | €3,976,344 | -€1.2m | -23.1% |
| Amounts payable after more than one year | 17 | €913,999 | €320,402 | -€593,597 | -64.9% |
| Financial debts | 170/4 | €913,999 | €320,402 | -€593,597 | -64.9% |
| Credit institutions | 173 | €365,699 | €320,402 | -€45,297 | -12.4% |
| Other loans | 174 | €548,300 | €0 | -€548,300 | -100.0% |
| Amounts payable within one year | 42/48 | €4,255,642 | €3,617,333 | -€638,309 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €211,003 | €164,450 | -€46,554 | -22.1% |
| Financial debts | 43 | €720,000 | €920,000 | +€200,000 | +27.8% |
| Credit institutions | 430/8 | €720,000 | €920,000 | +€200,000 | +27.8% |
| Trade debts | 44 | €3,053,977 | €1,793,933 | -€1.3m | -41.3% |
| Suppliers | 440/4 | €3,053,977 | €1,793,933 | -€1.3m | -41.3% |
| Taxes, remuneration and social security | 45 | €270,617 | €320,650 | +€50,033 | +18.5% |
| Taxes | 450/3 | €29,892 | €81,470 | +€51,577 | +172.5% |
| Remuneration and social security | 454/9 | €240,724 | €239,180 | -€1,544 | -0.6% |
| Other amounts payable | 47/48 | €45 | €418,300 | +€418,255 | +938634.3% |
| Accrued charges and deferred income | 492/3 | - | €38,609 | +€38,609 | |
| Operating income | 70/76A | €17,741,929 | €17,941,775 | +€199,846 | +1.1% |
| Turnover | 70 | €17,559,780 | €17,758,363 | +€198,582 | +1.1% |
| Other operating income | 74 | €179,621 | €173,908 | -€5,714 | -3.2% |
| Non-recurring operating income | 76A | €2,527 | €9,504 | +€6,977 | +276.1% |
| Operating charges | 60/66A | €17,336,726 | €17,372,734 | +€36,008 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €11,904,352 | €12,100,933 | +€196,581 | +1.7% |
| Purchases | 600/8 | €12,265,092 | €11,832,671 | -€432,421 | -3.5% |
| Change in stocks: decrease (increase) | 609 | -€360,740 | €268,262 | +€629,002 | |
| Services and other goods | 61 | €3,407,479 | €3,098,089 | -€309,390 | -9.1% |
| Remuneration, social security and pensions | 62 | €1,789,008 | €1,775,192 | -€13,816 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,033 | €129,470 | -€44,563 | -25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €195,383 | +€195,383 | |
| Other operating charges | 640/8 | €46,101 | €73,666 | +€27,565 | +59.8% |
| Non-recurring operating charges | 66A | €15,752 | €0 | -€15,752 | -100.0% |
| Operating profit (loss) | 9901 | €405,202 | €569,041 | +€163,838 | +40.4% |
| Financial income | 75/76B | €112 | €73,389 | +€73,277 | +65320.6% |
| Recurring financial income | 75 | €112 | €73,389 | +€73,277 | +65320.6% |
| Income from current assets | 751 | €0 | €0 | = | |
| Other financial income | 752/9 | €112 | €73,389 | +€73,277 | +65320.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €115,813 | €386,755 | +€270,942 | +233.9% |
| Recurring financial charges | 65 | €115,813 | €107,970 | -€7,843 | -6.8% |
| Debt charges | 650 | €80,900 | €71,293 | -€9,607 | -11.9% |
| Other financial charges | 652/9 | €34,913 | €36,677 | +€1,764 | +5.1% |
| Non-recurring financial charges | 66B | - | €278,784 | +€278,784 | |
| Profit (loss) for the period before taxes | 9903 | €289,502 | €255,675 | -€33,826 | -11.7% |
| Income taxes | 67/77 | €90,998 | €193,584 | +€102,586 | +112.7% |
| Taxes | 670/3 | €90,998 | €193,584 | +€102,586 | +112.7% |
| Profit (loss) for the period | 9904 | €198,503 | €62,091 | -€136,412 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €198,503 | €62,091 | -€136,412 | -68.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.