ROCHE: 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
ROCHE
NACE 21.201, Manufacture of basic pharmaceutical products and pharmaceutical preparations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.7m
2024 · €7.9m+€855,883
Equity
€64.5m
2024 · €55.7m+€8.7m
Cash
-
2024 · €0
Balance sheet total
€164.7m
2024 · €190.4m-€25.7m
Largest movements
Assets
- Stocks and contracts -€13.8m
down €13.8m (-19.8%), from €69.7m to €55.9m
- Receivables within one year -€10.1m
down €10.1m (-9.0%), from €112.4m to €102.3m
of which Trade receivables: -€5.2m
Equity and liabilities
- Other debts -€22.0m
down €22.0m (-100.0%), from €22.0m to €6,792
- Profit (loss) carried forward +€8.7m
up €8.7m (+50.8%), from €17.2m to €25.9m
- Trade debts -€6.9m
down €6.9m (-8.2%), from €84.7m to €77.8m
- Short-term financial debts -€2.8m
down €2.8m (-19.6%), from €14.2m to €11.4m
- Provisions -€2.1m
down €2.1m (-45.1%), from €4.6m to €2.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€7.9m
Turnover
-€2.4m
Other operating income
+€1.7m
Goods and materials
+€827,408
Services and other goods
-€1.4m
Staff costs
+€392,579
Depreciation
+€24,275
Write-downs
-€670,053
Provisions
+€1.9m
Other operating charges
+€2.5m
Other operating items
-€1.8m
Financial income
-€953,749
Financial charges
+€51,844
Taxes
+€519,303
Result 2025
€8.7m
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
+€1.6m
Investment
+€1.1m
Financing
-€2.8m
Cash 2024
€0
From operations (derived)
+€1.6m
Net result for the year
+€8.7m
Depreciation
+€728,875
Stocks and contracts
+€13.8m
Receivables within one year
+€10.1m
Deferred charges and accrued income
-€48,828
Provisions
-€2.1m
Trade debts
-€6.9m
Tax, wage and social debts
-€684,362
Other debts
-€22.0m
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Financing
-€2.8m
Short-term financial debts
-€2.8m
Contributions, distributions and other
-€0
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,426,941 | €164,732,036 | -€25.7m | -13.5% |
| Fixed assets | 21/28 | €8,291,386 | €6,427,486 | -€1.9m | -22.5% |
| Tangible fixed assets | 22/27 | €8,291,386 | €6,427,486 | -€1.9m | -22.5% |
| Land and buildings | 22 | €8,169,299 | €5,682,631 | -€2.5m | -30.4% |
| Plant, machinery and equipment | 23 | €26,739 | €52,308 | +€25,569 | +95.6% |
| Furniture and vehicles | 24 | €95,349 | €53,949 | -€41,400 | -43.4% |
| Assets under construction and advance payments | 27 | - | €638,599 | +€638,599 | |
| Current assets | 29/58 | €182,135,554 | €158,304,550 | -€23.8m | -13.1% |
| Stocks and contracts in progress | 3 | €69,701,465 | €55,922,976 | -€13.8m | -19.8% |
| Stocks | 30/36 | €69,701,465 | €55,922,976 | -€13.8m | -19.8% |
| Goods purchased for resale | 34 | €69,701,465 | €55,922,976 | -€13.8m | -19.8% |
| Amounts receivable within one year | 40/41 | €112,400,305 | €102,298,962 | -€10.1m | -9.0% |
| Trade receivables | 40 | €70,959,008 | €65,787,715 | -€5.2m | -7.3% |
| Other amounts receivable | 41 | €41,441,297 | €36,511,247 | -€4.9m | -11.9% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €33,784 | €82,612 | +€48,828 | +144.5% |
| Total equity and liabilities | 10/49 | €190,426,941 | €164,732,036 | -€25.7m | -13.5% |
| Equity | 10/15 | €55,719,415 | €64,460,286 | +€8.7m | +15.7% |
| Contributions | 10/11 | €33,239,468 | €33,239,468 | = | 0.0% |
| Capital | 10 | €32,000,000 | €32,000,000 | = | 0.0% |
| Issued capital | 100 | €32,000,000 | €32,000,000 | = | 0.0% |
| Outside capital | 11 | €1,239,468 | €1,239,468 | = | 0.0% |
| Share premium | 1100/10 | €1,239,468 | €1,239,468 | = | 0.0% |
| Reserves | 13 | €5,287,383 | €5,287,383 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €3,200,000 | €3,200,000 | = | 0.0% |
| Legal reserve | 130 | €3,200,000 | €3,200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,087,383 | €2,087,383 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €17,192,565 | €25,933,435 | +€8.7m | +50.8% |
| Provisions and deferred taxes | 16 | €4,594,912 | €2,524,754 | -€2.1m | -45.1% |
| Provisions for liabilities and charges | 160/5 | €4,594,912 | €2,524,754 | -€2.1m | -45.1% |
| Pensions and similar obligations | 160 | €4,480,998 | €2,356,606 | -€2.1m | -47.4% |
| Other liabilities and charges | 164/5 | €113,913 | €168,148 | +€54,235 | +47.6% |
| Amounts payable | 17/49 | €130,112,614 | €97,746,996 | -€32.4m | -24.9% |
| Amounts payable within one year | 42/48 | €130,112,614 | €97,746,996 | -€32.4m | -24.9% |
| Financial debts | 43 | €14,200,286 | €11,423,034 | -€2.8m | -19.6% |
| Other loans | 439 | €14,200,286 | €11,423,034 | -€2.8m | -19.6% |
| Trade debts | 44 | €84,687,899 | €77,777,103 | -€6.9m | -8.2% |
| Suppliers | 440/4 | €84,687,899 | €77,777,103 | -€6.9m | -8.2% |
| Taxes, remuneration and social security | 45 | €9,224,429 | €8,540,067 | -€684,362 | -7.4% |
| Taxes | 450/3 | €1,155,100 | €691,352 | -€463,748 | -40.1% |
| Remuneration and social security | 454/9 | €8,069,329 | €7,848,715 | -€220,614 | -2.7% |
| Other amounts payable | 47/48 | €22,000,000 | €6,792 | -€22.0m | -100.0% |
| Operating income | 70/76A | €472,529,348 | €471,854,234 | -€675,114 | -0.1% |
| Turnover | 70 | €451,214,652 | €448,791,077 | -€2.4m | -0.5% |
| Other operating income | 74 | €21,314,696 | €23,045,995 | +€1.7m | +8.1% |
| Non-recurring operating income | 76A | - | €17,162 | +€17,162 | |
| Operating charges | 60/66A | €461,328,011 | €459,414,412 | -€1.9m | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €260,759,638 | €259,932,231 | -€827,408 | -0.3% |
| Purchases | 600/8 | €282,819,121 | €247,175,331 | -€35.6m | -12.6% |
| Change in stocks: decrease (increase) | 609 | -€22,059,482 | €12,756,900 | +€34.8m | |
| Services and other goods | 61 | €19,736,100 | €21,110,381 | +€1.4m | +7.0% |
| Remuneration, social security and pensions | 62 | €28,509,667 | €28,117,088 | -€392,579 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €753,150 | €728,875 | -€24,275 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €572,248 | €1,242,302 | +€670,053 | +117.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€122,363 | -€2,070,158 | -€1.9m | -1591.8% |
| Other operating charges | 640/8 | €151,119,571 | €148,576,924 | -€2.5m | -1.7% |
| Non-recurring operating charges | 66A | - | €1,776,769 | +€1.8m | |
| Operating profit (loss) | 9901 | €11,201,337 | €12,439,822 | +€1.2m | +11.1% |
| Financial income | 75/76B | €1,411,602 | €457,853 | -€953,749 | -67.6% |
| Recurring financial income | 75 | €1,411,602 | €457,853 | -€953,749 | -67.6% |
| Income from current assets | 751 | €1,410,864 | €457,105 | -€953,759 | -67.6% |
| Other financial income | 752/9 | €738 | €748 | +€10 | +1.4% |
| Financial charges | 65/66B | €1,362,675 | €1,310,832 | -€51,844 | -3.8% |
| Recurring financial charges | 65 | €1,362,675 | €1,310,832 | -€51,844 | -3.8% |
| Debt charges | 650 | €59,681 | €55,381 | -€4,300 | -7.2% |
| Other financial charges | 652/9 | €1,302,995 | €1,255,451 | -€47,544 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €11,250,263 | €11,586,844 | +€336,580 | +3.0% |
| Income taxes | 67/77 | €3,365,275 | €2,845,972 | -€519,303 | -15.4% |
| Taxes | 670/3 | €3,365,275 | €2,845,972 | -€519,303 | -15.4% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,884,988 | €8,740,871 | +€855,883 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €1,306,518 | - | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,191,506 | €8,740,871 | -€450,635 | -4.9% |
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 29 September 2026 via checked.be.