VDPharmacy: 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.
VDPharmacy
Largest movements
- Tangible fixed assets -€14,064
down €14,064 (-27.1%), from €51,831 to €37,767
- Receivables within one year +€11,815
up €11,815 (+206.8%), from €5,713 to €17,528
of which Other amounts receivable: +€9,599
- Debts after one year -€115,091
down €115,091 (-16.3%), from €708,064 to €592,973
- Other debts +€65,832
up €65,832 (+36.2%), from €182,003 to €247,835
- Current portion of long-term debt +€50,448
up €50,448 (+78.0%), from €64,643 to €115,091
- Gross operating margin -€49,078
down €49,078 (-56.9%), from €86,239 to €37,161
- Taxes -€9,886
down €9,886 (-96.1%), from €10,287 to €401
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,164,505 | €1,155,539 | -€8,967 | -0.8% |
| Fixed assets | 21/28 | €1,140,831 | €1,126,767 | -€14,064 | -1.2% |
| Tangible fixed assets | 22/27 | €51,831 | €37,767 | -€14,064 | -27.1% |
| Furniture and vehicles | 24 | €51,831 | €37,767 | -€14,064 | -27.1% |
| Financial fixed assets | 28 | €1,089,000 | €1,089,000 | = | 0.0% |
| Current assets | 29/58 | €23,674 | €28,771 | +€5,097 | +21.5% |
| Amounts receivable within one year | 40/41 | €5,713 | €17,528 | +€11,815 | +206.8% |
| Trade receivables | 40 | €0 | €2,215 | +€2,215 | |
| Other amounts receivable | 41 | €5,713 | €15,312 | +€9,599 | +168.0% |
| Cash at bank and in hand | 54/58 | €12,483 | €7,689 | -€4,794 | -38.4% |
| Deferred charges and accrued income | 490/1 | €5,478 | €3,555 | -€1,924 | -35.1% |
| Total equity and liabilities | 10/49 | €1,164,505 | €1,155,539 | -€8,967 | -0.8% |
| Equity | 10/15 | €174,267 | €170,901 | -€3,366 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,667 | €152,301 | -€3,366 | -2.2% |
| Distributable reserves | 133 | €155,667 | €152,301 | -€3,366 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €990,238 | €984,638 | -€5,601 | -0.6% |
| Amounts payable after more than one year | 17 | €708,064 | €592,973 | -€115,091 | -16.3% |
| Financial debts | 170/4 | €708,064 | €592,973 | -€115,091 | -16.3% |
| Amounts payable within one year | 42/48 | €281,196 | €390,710 | +€109,514 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €64,643 | €115,091 | +€50,448 | +78.0% |
| Trade debts | 44 | €5,693 | €9,020 | +€3,327 | +58.4% |
| Suppliers | 440/4 | €5,693 | €9,020 | +€3,327 | +58.4% |
| Taxes, remuneration and social security | 45 | €28,857 | €18,764 | -€10,093 | -35.0% |
| Taxes | 450/3 | €28,857 | €18,764 | -€10,093 | -35.0% |
| Other amounts payable | 47/48 | €182,003 | €247,835 | +€65,832 | +36.2% |
| Accrued charges and deferred income | 492/3 | €978 | €955 | -€24 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,326 | €14,064 | -€262 | -1.8% |
| Other operating charges | 640/8 | €1,720 | €1,769 | +€49 | +2.9% |
| Non-recurring operating charges | 66A | €0 | €214 | +€214 | |
| Gross operating margin | 9900 | €86,239 | €37,161 | -€49,078 | -56.9% |
| Operating profit (loss) | 9901 | €70,193 | €21,114 | -€49,080 | -69.9% |
| Financial charges | 65/66B | €24,429 | €24,079 | -€349 | -1.4% |
| Recurring financial charges | 65 | €24,429 | €24,079 | -€349 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €45,765 | -€2,966 | -€48,730 | |
| Income taxes | 67/77 | €10,287 | €401 | -€9,886 | -96.1% |
| Profit (loss) for the period | 9904 | €35,478 | -€3,366 | -€38,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,478 | -€3,366 | -€38,844 |
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 11 October 2026 via checked.be.