Verlinden Pharma Services: 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.
Verlinden Pharma Services
Largest movements
- Cash +€50,285
up €50,285 (+152%), from €33,169 to €83,454
mainly Other debts (+€73,078) and Net result for the year (+€71,911)
- Receivables after one year -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
of which Other amounts receivable: -€50,000
- Tangible fixed assets -€2,664
down €2,664 (-26.5%), from €10,037 to €7,373
- Reserves -€76,326
down €76,326 (-57.7%), from €132,363 to €56,036
- Other debts +€73,078
up €73,078 (+162%), from €45,000 to €118,078
- Tax, wage and social debts +€4,438
up €4,438 (+54.0%), from €8,217 to €12,655
of which Taxes: +€4,438
- Gross operating margin +€34,925
up €34,925 (+53.9%), from €64,842 to €99,767
- Taxes +€7,733
up €7,733 (+46.1%), from €16,772 to €24,505
- Depreciation +€4,427
up €4,427 (+285%), from €1,554 to €5,981
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,138 | €189,783 | +€645 | +0.3% |
| Fixed assets | 21/28 | €10,037 | €7,373 | -€2,664 | -26.5% |
| Tangible fixed assets | 22/27 | €10,037 | €7,373 | -€2,664 | -26.5% |
| Furniture and vehicles | 24 | €10,037 | €7,373 | -€2,664 | -26.5% |
| Current assets | 29/58 | €179,101 | €182,410 | +€3,309 | +1.8% |
| Amounts receivable after more than one year | 29 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €18,339 | €19,617 | +€1,278 | +7.0% |
| Trade receivables | 40 | €16,482 | €19,617 | +€3,134 | +19.0% |
| Other amounts receivable | 41 | €1,856 | €0 | -€1,856 | -100% |
| Cash at bank and in hand | 54/58 | €33,169 | €83,454 | +€50,285 | +152% |
| Deferred charges and accrued income | 490/1 | €2,592 | €4,339 | +€1,747 | +67.4% |
| Total equity and liabilities | 10/49 | €189,138 | €189,783 | +€645 | +0.3% |
| Equity | 10/15 | €134,863 | €58,536 | -€76,326 | -56.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €132,363 | €56,036 | -€76,326 | -57.7% |
| Distributable reserves | 133 | €132,363 | €56,036 | -€76,326 | -57.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,275 | €131,246 | +€76,971 | +142% |
| Amounts payable within one year | 42/48 | €54,275 | €131,246 | +€76,971 | +142% |
| Financial debts | 43 | €514 | €43 | -€471 | -91.6% |
| Credit institutions | 430/8 | €514 | €43 | -€471 | -91.6% |
| Trade debts | 44 | €544 | €470 | -€74 | -13.5% |
| Suppliers | 440/4 | €544 | €470 | -€74 | -13.5% |
| Taxes, remuneration and social security | 45 | €8,217 | €12,655 | +€4,438 | +54.0% |
| Taxes | 450/3 | €8,217 | €12,655 | +€4,438 | +54.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €45,000 | €118,078 | +€73,078 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €5,981 | +€4,427 | +285% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,842 | €99,767 | +€34,925 | +53.9% |
| Operating profit (loss) | 9901 | €62,901 | €93,386 | +€30,485 | +48.5% |
| Financial income | 75/76B | €3,250 | €3,250 | = | 0.0% |
| Recurring financial income | 75 | €3,250 | €3,250 | = | 0.0% |
| Financial charges | 65/66B | €1,093 | €219 | -€874 | -79.9% |
| Recurring financial charges | 65 | €1,093 | €219 | -€874 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €65,057 | €96,416 | +€31,359 | +48.2% |
| Income taxes | 67/77 | €16,772 | €24,505 | +€7,733 | +46.1% |
| Profit (loss) for the period | 9904 | €48,286 | €71,911 | +€23,626 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,286 | €71,911 | +€23,626 | +48.9% |
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 25 October 2026 via checked.be.