TORNAPHAR: 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
TORNAPHAR
NACE 47.730, Retail sale of pharmaceutical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6,343
2023 · €24,253-€17,910
Equity
€918,977
2023 · €922,634-€3,657
Cash
€124,529
2023 · €89,618+€34,911
Balance sheet total
€3.5m
2023 · €3.5m-€19,463
Largest movements
Assets
- Tangible fixed assets -€81,900
down €81,900 (-7.2%), from €1.1m to €1.1m
of which Land and buildings: -€48,316
Equity and liabilities
- Debts after one year -€97,275
down €97,275 (-12.9%), from €755,090 to €657,815
of which Financial debts: -€71,275
- Other debts +€47,347
up €47,347 (+11.2%), from €422,911 to €470,257
- Tax, wage and social debts +€39,505
up €39,505 (+36.6%), from €108,034 to €147,539
of which Remuneration and social security: +€26,663
- Profit (loss) carried forward -€38,557
down €38,557 (-58.3%), from €66,149 to €27,592
Income statement
- Gross operating margin +€203,799
up €203,799 (+31.1%), from €655,162 to €858,962
- Staff costs +€199,566
up €199,566 (+42.8%), from €466,364 to €665,930
- Depreciation +€16,712
up €16,712 (+14.9%), from €111,929 to €128,641
- Financial charges +€11,612
up €11,612 (+50.0%), from €23,236 to €34,849
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
€24,253
Gross operating margin
+€203,799
Staff costs
-€199,566
Depreciation
-€16,712
Write-downs
+€961
Other operating charges
-€1,086
Financial charges
-€11,612
Taxes
+€6,306
Result 2024
€6,343
Cash bridge derived
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
+€169,748
Investment
-€16,991
Financing
-€117,845
Cash 2023
€89,618
From operations (derived)
+€169,748
Net result for the year
+€6,343
Depreciation
+€128,641
Stocks and contracts
-€28,911
Receivables within one year
-€32,946
Deferred charges and accrued income
+€4,582
Provisions
-€6,367
Trade debts
+€6,154
Tax, wage and social debts
+€39,505
Other debts
+€47,347
Accrued charges and deferred income
+€5,400
Investment (derived)
-€16,991
Investment in fixed assets (net)
-€16,991
Financing
-€117,845
Debts after one year
-€97,275
Current portion of long-term debt
+€9,430
Short-term financial debts
-€20,000
Contributions, distributions and other
-€10,000
Cash 2024
€124,529
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,545,520 | €3,526,057 | -€19,463 | -0.5% |
| Fixed assets | 21/28 | €2,731,934 | €2,620,284 | -€111,650 | -4.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,136,356 | €1,054,456 | -€81,900 | -7.2% |
| Land and buildings | 22 | €1,018,138 | €969,822 | -€48,316 | -4.7% |
| Plant, machinery and equipment | 23 | €729 | €5,574 | +€4,845 | +664.6% |
| Furniture and vehicles | 24 | €89,146 | €65,086 | -€24,061 | -27.0% |
| Other tangible fixed assets | 26 | €28,343 | €13,976 | -€14,368 | -50.7% |
| Financial fixed assets | 28 | €1,595,578 | €1,565,828 | -€29,750 | -1.9% |
| Current assets | 29/58 | €813,586 | €905,773 | +€92,187 | +11.3% |
| Stocks and contracts in progress | 3 | €346,842 | €375,753 | +€28,911 | +8.3% |
| Stocks | 30/36 | €346,842 | €375,753 | +€28,911 | +8.3% |
| Amounts receivable within one year | 40/41 | €356,831 | €389,778 | +€32,946 | +9.2% |
| Trade receivables | 40 | €332,538 | €369,006 | +€36,469 | +11.0% |
| Other amounts receivable | 41 | €24,294 | €20,771 | -€3,522 | -14.5% |
| Current investments | 50/53 | €3,327 | €3,327 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,618 | €124,529 | +€34,911 | +39.0% |
| Deferred charges and accrued income | 490/1 | €16,967 | €12,385 | -€4,582 | -27.0% |
| Total equity and liabilities | 10/49 | €3,545,520 | €3,526,057 | -€19,463 | -0.5% |
| Equity | 10/15 | €922,634 | €918,977 | -€3,657 | -0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €794,985 | €829,885 | +€34,900 | +4.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €238,049 | €218,949 | -€19,100 | -8.0% |
| Distributable reserves | 133 | €550,786 | €604,786 | +€54,000 | +9.8% |
| Profit (loss) carried forward | 14 | €66,149 | €27,592 | -€38,557 | -58.3% |
| Provisions and deferred taxes | 16 | €103,574 | €97,208 | -€6,367 | -6.1% |
| Deferred taxes | 168 | €103,574 | €97,208 | -€6,367 | -6.1% |
| Amounts payable | 17/49 | €2,519,312 | €2,509,872 | -€9,439 | -0.4% |
| Amounts payable after more than one year | 17 | €755,090 | €657,815 | -€97,275 | -12.9% |
| Financial debts | 170/4 | €729,090 | €657,815 | -€71,275 | -9.8% |
| Other amounts payable | 178/9 | €26,000 | €0 | -€26,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,764,222 | €1,846,658 | +€82,436 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €122,126 | €131,556 | +€9,430 | +7.7% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100.0% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade debts | 44 | €1,091,151 | €1,097,306 | +€6,154 | +0.6% |
| Suppliers | 440/4 | €1,091,151 | €1,097,306 | +€6,154 | +0.6% |
| Taxes, remuneration and social security | 45 | €108,034 | €147,539 | +€39,505 | +36.6% |
| Taxes | 450/3 | €28,271 | €41,113 | +€12,842 | +45.4% |
| Remuneration and social security | 454/9 | €79,763 | €106,426 | +€26,663 | +33.4% |
| Other amounts payable | 47/48 | €422,911 | €470,257 | +€47,347 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €5,400 | +€5,400 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €466,364 | €665,930 | +€199,566 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,929 | €128,641 | +€16,712 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €961 | - | -€961 | |
| Other operating charges | 640/8 | €11,777 | €12,863 | +€1,086 | +9.2% |
| Gross operating margin | 9900 | €655,162 | €858,962 | +€203,799 | +31.1% |
| Operating profit (loss) | 9901 | €64,131 | €51,527 | -€12,604 | -19.7% |
| Financial charges | 65/66B | €23,236 | €34,849 | +€11,612 | +50.0% |
| Recurring financial charges | 65 | €23,236 | €34,849 | +€11,612 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €40,895 | €16,678 | -€24,216 | -59.2% |
| Transfer from deferred taxes | 780 | €6,367 | €6,367 | = | 0.0% |
| Income taxes | 67/77 | €23,009 | €16,702 | -€6,306 | -27.4% |
| Profit (loss) for the period | 9904 | €24,253 | €6,343 | -€17,910 | -73.8% |
| Transfer from tax-exempt reserves | 789 | €19,100 | €19,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,353 | €25,443 | -€17,910 | -41.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.