sandoz: 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
sandoz
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €752,977+€2.5m
Equity
€16.8m
2024 · €13.6m+€3.2m
Cash
-
not filed
Balance sheet total
€55.3m
2024 · €53.2m+€2.1m
Largest movements
Assets
- Stocks and contracts +€1.4m
up €1.4m (+4.3%), from €31.4m to €32.7m
- Tangible fixed assets +€1.1m
up €1.1m (+2972.7%), from €36,091 to €1.1m
of which Other tangible fixed assets: +€799,955
Equity and liabilities
- Trade debts +€4.8m
up €4.8m (+62.2%), from €7.7m to €12.5m
- Provisions -€3.7m
down €3.7m (-58.0%), from €6.3m to €2.6m
- Profit (loss) carried forward +€3.2m
up €3.2m (+56.7%), from -€5.7m to -€2.5m
- Short-term financial debts -€2.3m
down €2.3m (-10.9%), from €20.6m to €18.4m
Income statement
- Turnover +€3.4m
up €3.4m (+3.0%), from €111.9m to €115.3m
- Write-downs +€2.7m
up €2.7m, from -€906,269 to €1.8m
- Staff costs +€1.5m
up €1.5m (+9.9%), from €15.5m to €17.0m
- Goods and materials +€1.5m
up €1.5m (+1.9%), from €79.2m to €80.7m
of which Purchases: +€892,609
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
€752,977
Turnover
+€3.4m
Other operating income
-€271,418
Goods and materials
-€1.5m
Services and other goods
-€191,542
Staff costs
-€1.5m
Depreciation
-€60,779
Write-downs
-€2.7m
Provisions
-€191,671
Other operating charges
-€974,163
Other operating items
+€6.6m
Financial income
+€61
Financial charges
+€194,253
Taxes
-€302,333
Result 2025
€3.2m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,215,597 | €55,344,133 | +€2.1m | +4.0% |
| Fixed assets | 21/28 | €502,249 | €1,614,211 | +€1.1m | +221.4% |
| Tangible fixed assets | 22/27 | €36,091 | €1,108,983 | +€1.1m | +2972.7% |
| Plant, machinery and equipment | 23 | €4,330 | €94,868 | +€90,537 | +2090.8% |
| Furniture and vehicles | 24 | €31,761 | €214,161 | +€182,400 | +574.3% |
| Other tangible fixed assets | 26 | - | €799,955 | +€799,955 | |
| Financial fixed assets | 28 | €466,158 | €505,228 | +€39,070 | +8.4% |
| Other financial fixed assets | 284/8 | €466,158 | €505,228 | +€39,070 | +8.4% |
| Amounts receivable and cash guarantees | 285/8 | €466,158 | €505,228 | +€39,070 | +8.4% |
| Current assets | 29/58 | €52,713,348 | €53,729,922 | +€1.0m | +1.9% |
| Stocks and contracts in progress | 3 | €31,367,433 | €32,728,132 | +€1.4m | +4.3% |
| Stocks | 30/36 | €31,367,433 | €32,728,132 | +€1.4m | +4.3% |
| Raw materials and consumables | 30/31 | €187,805 | €142,409 | -€45,396 | -24.2% |
| Finished goods | 33 | €102,387 | €29,278 | -€73,109 | -71.4% |
| Goods purchased for resale | 34 | €31,077,240 | €32,556,445 | +€1.5m | +4.8% |
| Amounts receivable within one year | 40/41 | €21,230,910 | €20,950,920 | -€279,989 | -1.3% |
| Trade receivables | 40 | €21,028,316 | €20,873,798 | -€154,518 | -0.7% |
| Other amounts receivable | 41 | €202,593 | €77,122 | -€125,471 | -61.9% |
| Deferred charges and accrued income | 490/1 | €115,005 | €50,870 | -€64,135 | -55.8% |
| Total equity and liabilities | 10/49 | €53,215,597 | €55,344,133 | +€2.1m | +4.0% |
| Equity | 10/15 | €13,574,447 | €16,786,397 | +€3.2m | +23.7% |
| Contributions | 10/11 | €19,240,000 | €19,240,000 | = | 0.0% |
| Capital | 10 | €19,240,000 | €19,240,000 | = | 0.0% |
| Issued capital | 100 | €19,240,000 | €19,240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,665,553 | -€2,453,603 | +€3.2m | +56.7% |
| Provisions and deferred taxes | 16 | €6,303,133 | €2,644,291 | -€3.7m | -58.0% |
| Provisions for liabilities and charges | 160/5 | €6,303,133 | €2,644,291 | -€3.7m | -58.0% |
| Pensions and similar obligations | 160 | €1,593,128 | €1,546,998 | -€46,130 | -2.9% |
| Other liabilities and charges | 164/5 | €4,710,005 | €1,097,293 | -€3.6m | -76.7% |
| Amounts payable | 17/49 | €33,338,016 | €35,913,446 | +€2.6m | +7.7% |
| Amounts payable within one year | 42/48 | €33,338,016 | €35,913,446 | +€2.6m | +7.7% |
| Financial debts | 43 | €20,648,190 | €18,394,552 | -€2.3m | -10.9% |
| Other loans | 439 | €20,648,190 | €18,394,552 | -€2.3m | -10.9% |
| Trade debts | 44 | €7,713,774 | €12,509,105 | +€4.8m | +62.2% |
| Suppliers | 440/4 | €7,713,774 | €12,509,105 | +€4.8m | +62.2% |
| Taxes, remuneration and social security | 45 | €4,976,052 | €5,002,649 | +€26,597 | +0.5% |
| Taxes | 450/3 | €1,662,603 | €2,042,899 | +€380,297 | +22.9% |
| Remuneration and social security | 454/9 | €3,313,449 | €2,959,749 | -€353,700 | -10.7% |
| Other amounts payable | 47/48 | - | €7,140 | +€7,140 | |
| Operating income | 70/76A | €122,136,479 | €128,385,331 | +€6.2m | +5.1% |
| Turnover | 70 | €111,935,133 | €115,301,278 | +€3.4m | +3.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €94,611 | -€73,109 | -€167,720 | |
| Other operating income | 74 | €10,106,735 | €9,835,317 | -€271,418 | -2.7% |
| Non-recurring operating income | 76A | - | €3,321,846 | +€3.3m | |
| Operating charges | 60/66A | €119,895,884 | €123,577,745 | +€3.7m | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €79,207,002 | €80,725,373 | +€1.5m | +1.9% |
| Purchases | 600/8 | €82,839,481 | €83,732,090 | +€892,609 | +1.1% |
| Change in stocks: decrease (increase) | 609 | -€3,632,479 | -€3,006,717 | +€625,762 | +17.2% |
| Services and other goods | 61 | €11,849,983 | €12,041,525 | +€191,542 | +1.6% |
| Remuneration, social security and pensions | 62 | €15,498,587 | €17,038,765 | +€1.5m | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,802 | €110,581 | +€60,779 | +122.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€906,269 | €1,763,017 | +€2.7m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€237,801 | -€46,130 | +€191,671 | +80.6% |
| Other operating charges | 640/8 | €10,970,451 | €11,944,614 | +€974,163 | +8.9% |
| Non-recurring operating charges | 66A | €3,464,129 | - | -€3.5m | |
| Operating profit (loss) | 9901 | €2,240,595 | €4,807,586 | +€2.6m | +114.6% |
| Financial income | 75/76B | €3 | €64 | +€61 | +1749.4% |
| Recurring financial income | 75 | €3 | €64 | +€61 | +1749.4% |
| Other financial income | 752/9 | €3 | €64 | +€61 | +1749.4% |
| Financial charges | 65/66B | €700,916 | €506,662 | -€194,253 | -27.7% |
| Recurring financial charges | 65 | €700,916 | €506,662 | -€194,253 | -27.7% |
| Debt charges | 650 | €690,045 | €499,463 | -€190,582 | -27.6% |
| Other financial charges | 652/9 | €10,871 | €7,199 | -€3,672 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €1,539,682 | €4,300,988 | +€2.8m | +179.3% |
| Income taxes | 67/77 | €786,706 | €1,089,039 | +€302,333 | +38.4% |
| Taxes | 670/3 | €786,706 | €1,089,039 | +€302,333 | +38.4% |
| Profit (loss) for the period | 9904 | €752,977 | €3,211,949 | +€2.5m | +326.6% |
| Profit (loss) for the period to be appropriated | 9905 | €752,977 | €3,211,949 | +€2.5m | +326.6% |
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 8 October 2026 via checked.be.