TOBUFAR: 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
TOBUFAR
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€380,924
2024 · €315,262+€65,662
Equity
€5.8m
2024 · €5.4m+€380,924
Cash
€745,653
2024 · €794,146-€48,493
Balance sheet total
€7.5m
2024 · €6.8m+€730,481
Largest movements
Assets
- Current investments +€1.5m
up €1.5m (+112%), from €1.3m to €2.7m
- Stocks and contracts -€320,904
down €320,904 (-23.1%), from €1.4m to €1.1m
- Receivables within one year -€204,045
down €204,045 (-31.0%), from €658,471 to €454,426
of which Trade receivables: -€208,764
- Tangible fixed assets -€90,792
down €90,792 (-8.1%), from €1.1m to €1.0m
of which Land and buildings: -€52,224
Equity and liabilities
- Other debts +€528,047
up €528,047 (+167%), from €316,819 to €844,867
- Reserves +€380,924
up €380,924 (+7.1%), from €5.4m to €5.7m
of which Distributable reserves: +€381,817
- Trade debts -€172,325
down €172,325 (-17.0%), from €1.0m to €843,369
Income statement
- Turnover +€12.1m
new in 2025: €12.1m
- Goods and materials +€11.1m
new in 2025: €11.1m
of which Purchases: +€10.8m
- Gross operating margin -€650,536
no longer reported in 2025 (was €650,536)
- Services and other goods +€395,588
new in 2025: €395,588
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
€315,262
Turnover
+€12.1m
Other operating income
+€94,748
Goods and materials
-€11.1m
Services and other goods
-€395,588
Staff costs
-€22,912
Depreciation
+€8,074
Other operating charges
-€1,342
Other operating items
-€636,382
Financial income
-€15,246
Financial charges
+€24,130
Taxes
-€17,283
Result 2025
€380,924
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
+€1.4m
Investment
-€1.4m
Financing
-€11,247
Cash 2024
€794,146
From operations (derived)
+€1.4m
Net result for the year
+€380,924
Depreciation
+€72,262
Receivables after one year
+€61,550
Stocks and contracts
+€320,904
Receivables within one year
+€204,045
Smaller working-capital items
-€3,184
Trade debts
-€172,325
Tax, wage and social debts
+€5,409
Other debts
+€528,047
Investment (derived)
-€1.4m
Investment in fixed assets (net)
+€17,162
Current investments
-€1.5m
Financing
-€11,247
Current portion of long-term debt
-€11,250
Short-term financial debts
+€3
Cash 2025
€745,653
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,768,638 | €7,499,119 | +€730,481 | +10.8% |
| Fixed assets | 21/28 | €1,125,546 | €1,036,123 | -€89,424 | -7.9% |
| Intangible fixed assets | 21 | - | €1,369 | +€1,369 | |
| Tangible fixed assets | 22/27 | €1,125,546 | €1,034,754 | -€90,792 | -8.1% |
| Land and buildings | 22 | €1,040,120 | €987,896 | -€52,224 | -5.0% |
| Plant, machinery and equipment | 23 | €14,388 | €12,776 | -€1,613 | -11.2% |
| Furniture and vehicles | 24 | €40,265 | €4,722 | -€35,542 | -88.3% |
| Other tangible fixed assets | 26 | €30,772 | €29,359 | -€1,413 | -4.6% |
| Current assets | 29/58 | €5,643,092 | €6,462,996 | +€819,904 | +14.5% |
| Amounts receivable after more than one year | 29 | €1,490,800 | €1,429,250 | -€61,550 | -4.1% |
| Other amounts receivable | 291 | €1,490,800 | €1,429,250 | -€61,550 | -4.1% |
| Stocks and contracts in progress | 3 | €1,386,526 | €1,065,622 | -€320,904 | -23.1% |
| Stocks | 30/36 | €1,386,526 | €1,065,622 | -€320,904 | -23.1% |
| Goods purchased for resale | 34 | - | €1,065,622 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €658,471 | €454,426 | -€204,045 | -31.0% |
| Trade receivables | 40 | €289,916 | €81,152 | -€208,764 | -72.0% |
| Other amounts receivable | 41 | €368,555 | €373,274 | +€4,719 | +1.3% |
| Current investments | 50/53 | €1,296,300 | €2,748,340 | +€1.5m | +112% |
| Other investments | 51/53 | - | €2,748,340 | +€2.7m | |
| Cash at bank and in hand | 54/58 | €794,146 | €745,653 | -€48,493 | -6.1% |
| Deferred charges and accrued income | 490/1 | €16,849 | €19,705 | +€2,856 | +17.0% |
| Total equity and liabilities | 10/49 | €6,768,638 | €7,499,119 | +€730,481 | +10.8% |
| Equity | 10/15 | €5,404,067 | €5,784,991 | +€380,924 | +7.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €5,366,883 | €5,747,807 | +€380,924 | +7.1% |
| Tax-exempt reserves | 132 | €9,560 | €8,667 | -€893 | -9.3% |
| Distributable reserves | 133 | €5,357,323 | €5,739,140 | +€381,817 | +7.1% |
| Provisions and deferred taxes | 16 | €2,331 | €2,003 | -€327 | -14.0% |
| Deferred taxes | 168 | €2,331 | €2,003 | -€327 | -14.0% |
| Amounts payable | 17/49 | €1,362,240 | €1,712,124 | +€349,884 | +25.7% |
| Amounts payable within one year | 42/48 | €1,362,240 | €1,712,124 | +€349,884 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | - | -€11,250 | |
| Financial debts | 43 | €4,242 | €4,245 | +€3 | +0.1% |
| Credit institutions | 430/8 | €4,242 | €4,245 | +€3 | +0.1% |
| Trade debts | 44 | €1,015,694 | €843,369 | -€172,325 | -17.0% |
| Suppliers | 440/4 | €1,015,694 | €843,369 | -€172,325 | -17.0% |
| Taxes, remuneration and social security | 45 | €14,235 | €19,643 | +€5,409 | +38.0% |
| Taxes | 450/3 | €6,111 | €6,221 | +€110 | +1.8% |
| Remuneration and social security | 454/9 | €8,123 | €13,422 | +€5,299 | +65.2% |
| Other amounts payable | 47/48 | €316,819 | €844,867 | +€528,047 | +167% |
| Operating income | 70/76A | - | €12,218,770 | +€12.2m | |
| Turnover | 70 | - | €12,124,022 | +€12.1m | |
| Other operating income | 74 | - | €94,748 | +€94,748 | |
| Operating charges | 60/66A | - | €11,732,464 | +€11.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €11,096,560 | +€11.1m | |
| Purchases | 600/8 | - | €10,775,656 | +€10.8m | |
| Change in stocks: decrease (increase) | 609 | - | €320,904 | +€320,904 | |
| Services and other goods | 61 | - | €395,588 | +€395,588 | |
| Remuneration, social security and pensions | 62 | €128,711 | €151,623 | +€22,912 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,336 | €72,262 | -€8,074 | -10.1% |
| Other operating charges | 640/8 | €15,090 | €16,431 | +€1,342 | +8.9% |
| Non-recurring operating charges | 66A | €14,154 | - | -€14,154 | |
| Gross operating margin | 9900 | €650,536 | - | -€650,536 | |
| Operating profit (loss) | 9901 | €412,245 | €486,306 | +€74,062 | +18.0% |
| Financial income | 75/76B | €48,611 | €33,365 | -€15,246 | -31.4% |
| Recurring financial income | 75 | €48,611 | €33,365 | -€15,246 | -31.4% |
| Income from current assets | 751 | - | €26,401 | +€26,401 | |
| Other financial income | 752/9 | - | €6,965 | +€6,965 | |
| Financial charges | 65/66B | €33,332 | €9,203 | -€24,130 | -72.4% |
| Recurring financial charges | 65 | €33,332 | €9,203 | -€24,130 | -72.4% |
| Debt charges | 650 | - | €5,669 | +€5,669 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €244 | +€244 | |
| Other financial charges | 652/9 | - | €3,289 | +€3,289 | |
| Profit (loss) for the period before taxes | 9903 | €427,524 | €510,469 | +€82,945 | +19.4% |
| Transfer from deferred taxes | 780 | €327 | €327 | = | 0.0% |
| Income taxes | 67/77 | €112,589 | €129,872 | +€17,283 | +15.4% |
| Taxes | 670/3 | - | €129,872 | +€129,872 | |
| Profit (loss) for the period | 9904 | €315,262 | €380,924 | +€65,662 | +20.8% |
| Transfer from tax-exempt reserves | 789 | €893 | €893 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €316,155 | €381,817 | +€65,662 | +20.8% |
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 16 October 2026 via checked.be.