VALIMARA: what changed
What changed
VALIMARA
NACE 46.460, Wholesale of pharmaceutical and medical goods
filed annual accounts (NBB)
Net result for the year
€100,431
2024 · €53,239+€47,192
Equity
€274,284
2024 · €187,030+€87,254
Cash
€87,978
2024 · €43,406+€44,572
Balance sheet total
€637,045
2024 · €580,207+€56,838
Largest movements
Assets
- Cash +€44,572
up €44,572 (+103%), from €43,406 to €87,978
mainly Net result for the year (+€100,431) and Depreciation (+€22,734)
- Tangible fixed assets +€13,938
up €13,938 (+3.0%), from €463,576 to €477,514
of which Furniture and vehicles: +€18,684
Equity and liabilities
- Reserves +€87,254
up €87,254 (+48.7%), from €179,030 to €266,284
of which Distributable reserves: +€87,254
- Tax, wage and social debts -€17,439
down €17,439 (-40.3%), from €43,239 to €25,799
of which Taxes: -€15,939
- Debts after one year -€13,019
down €13,019 (-3.9%), from €334,329 to €321,310
Income statement
- Gross operating margin +€82,201
up €82,201 (+94.2%), from €87,277 to €169,478
- Taxes +€14,533
up €14,533 (+86.5%), from €16,792 to €31,325
- Depreciation +€13,156
up €13,156 (+137%), from €9,578 to €22,734
- Financial charges +€7,440
up €7,440 (+169%), from €4,397 to €11,837
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,239
Gross operating margin
+€82,201
Depreciation
-€13,156
Other operating charges
+€126
Financial income
-€5
Financial charges
-€7,440
Taxes
-€14,533
Result 2025
€100,431
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€107,868
Investment
-€36,672
Financing
-€26,624
Cash 2024
€43,406
From operations (derived)
+€107,868
Net result for the year
+€100,431
Depreciation
+€22,734
Receivables within one year
+€1,224
Deferred charges and accrued income
+€447
Trade debts
+€471
Tax, wage and social debts
-€17,439
Investment (derived)
-€36,672
Investment in fixed assets (net)
-€36,672
Financing
-€26,624
Debts after one year
-€13,019
Current portion of long-term debt
-€429
Contributions, distributions and other
-€13,176
Cash 2025
€87,978
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,207 | €637,045 | +€56,838 | +9.8% |
| Fixed assets | 21/28 | €463,576 | €477,514 | +€13,938 | +3.0% |
| Tangible fixed assets | 22/27 | €463,576 | €477,514 | +€13,938 | +3.0% |
| Land and buildings | 22 | €422,013 | €415,054 | -€6,959 | -1.6% |
| Plant, machinery and equipment | 23 | €3,807 | €6,020 | +€2,212 | +58.1% |
| Furniture and vehicles | 24 | €37,756 | €56,440 | +€18,684 | +49.5% |
| Current assets | 29/58 | €116,631 | €159,531 | +€42,900 | +36.8% |
| Amounts receivable within one year | 40/41 | €70,612 | €69,388 | -€1,224 | -1.7% |
| Trade receivables | 40 | €54,931 | €42,335 | -€12,597 | -22.9% |
| Other amounts receivable | 41 | €15,681 | €27,054 | +€11,373 | +72.5% |
| Cash at bank and in hand | 54/58 | €43,406 | €87,978 | +€44,572 | +103% |
| Deferred charges and accrued income | 490/1 | €2,612 | €2,165 | -€447 | -17.1% |
| Total equity and liabilities | 10/49 | €580,207 | €637,045 | +€56,838 | +9.8% |
| Equity | 10/15 | €187,030 | €274,284 | +€87,254 | +46.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | €8,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €179,030 | €266,284 | +€87,254 | +48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,170 | €264,424 | +€87,254 | +49.2% |
| Amounts payable | 17/49 | €393,177 | €362,761 | -€30,416 | -7.7% |
| Amounts payable after more than one year | 17 | €334,329 | €321,310 | -€13,019 | -3.9% |
| Financial debts | 170/4 | €334,329 | €321,310 | -€13,019 | -3.9% |
| Amounts payable within one year | 42/48 | €58,848 | €41,451 | -€17,397 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €13,448 | €13,019 | -€429 | -3.2% |
| Trade debts | 44 | €2,161 | €2,632 | +€471 | +21.8% |
| Suppliers | 440/4 | €2,161 | €2,632 | +€471 | +21.8% |
| Taxes, remuneration and social security | 45 | €43,239 | €25,799 | -€17,439 | -40.3% |
| Taxes | 450/3 | €41,739 | €25,799 | -€15,939 | -38.2% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,578 | €22,734 | +€13,156 | +137% |
| Other operating charges | 640/8 | €3,277 | €3,151 | -€126 | -3.8% |
| Gross operating margin | 9900 | €87,277 | €169,478 | +€82,201 | +94.2% |
| Operating profit (loss) | 9901 | €74,422 | €143,592 | +€69,170 | +92.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,397 | €11,837 | +€7,440 | +169% |
| Recurring financial charges | 65 | €4,397 | €11,837 | +€7,440 | +169% |
| Profit (loss) for the period before taxes | 9903 | €70,031 | €131,755 | +€61,725 | +88.1% |
| Income taxes | 67/77 | €16,792 | €31,325 | +€14,533 | +86.5% |
| Profit (loss) for the period | 9904 | €53,239 | €100,431 | +€47,192 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,239 | €100,431 | +€47,192 | +88.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.