VIPHARMA: 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.
VIPHARMA
Largest movements
- Intangible fixed assets -€25,500
down €25,500 (-14.3%), from €178,500 to €153,000
- Receivables within one year +€12,237
up €12,237 (+25.8%), from €47,399 to €59,636
of which Trade receivables: +€12,652
- Cash +€6,922
up €6,922 (+12.3%), from €56,125 to €63,047
mainly Depreciation (+€29,469) and Trade debts (+€22,003)
- Trade debts +€22,003
up €22,003 (+102.6%), from €21,443 to €43,445
- Debts after one year -€20,848
down €20,848 (-16.0%), from €130,613 to €109,765
- Other debts -€16,087
down €16,087 (-6.2%), from €259,064 to €242,977
- Profit (loss) carried forward +€10,208
up €10,208 (+32.7%), from €31,227 to €41,435
- Gross operating margin -€7,195
down €7,195 (-7.6%), from €94,102 to €86,908
- Write-downs +€6,873
new in 2025: €6,873
- Taxes -€3,236
down €3,236 (-52.9%), from €6,115 to €2,880
- Financial charges +€1,411
up €1,411 (+47.1%), from €2,997 to €4,408
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 | €471,087 | €467,095 | -€3,992 | -0.8% |
| Fixed assets | 21/28 | €196,024 | €166,556 | -€29,469 | -15.0% |
| Intangible fixed assets | 21 | €178,500 | €153,000 | -€25,500 | -14.3% |
| Tangible fixed assets | 22/27 | €17,524 | €13,556 | -€3,969 | -22.6% |
| Plant, machinery and equipment | 23 | €4,799 | €3,150 | -€1,649 | -34.4% |
| Furniture and vehicles | 24 | €12,726 | €10,406 | -€2,320 | -18.2% |
| Current assets | 29/58 | €275,062 | €300,539 | +€25,477 | +9.3% |
| Stocks and contracts in progress | 3 | €168,614 | €172,703 | +€4,089 | +2.4% |
| Stocks | 30/36 | €168,614 | €172,703 | +€4,089 | +2.4% |
| Amounts receivable within one year | 40/41 | €47,399 | €59,636 | +€12,237 | +25.8% |
| Trade receivables | 40 | €43,444 | €56,096 | +€12,652 | +29.1% |
| Other amounts receivable | 41 | €3,955 | €3,540 | -€415 | -10.5% |
| Cash at bank and in hand | 54/58 | €56,125 | €63,047 | +€6,922 | +12.3% |
| Deferred charges and accrued income | 490/1 | €2,924 | €5,153 | +€2,229 | +76.2% |
| Total equity and liabilities | 10/49 | €471,087 | €467,095 | -€3,992 | -0.8% |
| Equity | 10/15 | €31,327 | €41,535 | +€10,208 | +32.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,227 | €41,435 | +€10,208 | +32.7% |
| Amounts payable | 17/49 | €439,760 | €425,560 | -€14,200 | -3.2% |
| Amounts payable after more than one year | 17 | €130,613 | €109,765 | -€20,848 | -16.0% |
| Financial debts | 170/4 | €130,613 | €109,765 | -€20,848 | -16.0% |
| Amounts payable within one year | 42/48 | €309,147 | €315,784 | +€6,637 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €20,610 | €20,848 | +€238 | +1.2% |
| Trade debts | 44 | €21,443 | €43,445 | +€22,003 | +102.6% |
| Suppliers | 440/4 | €21,443 | €43,445 | +€22,003 | +102.6% |
| Taxes, remuneration and social security | 45 | €8,030 | €8,513 | +€483 | +6.0% |
| Taxes | 450/3 | €212 | €665 | +€454 | +214.5% |
| Remuneration and social security | 454/9 | €7,818 | €7,847 | +€30 | +0.4% |
| Other amounts payable | 47/48 | €259,064 | €242,977 | -€16,087 | -6.2% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €32,456 | €32,978 | +€522 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,569 | €29,469 | -€100 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,873 | +€6,873 | |
| Other operating charges | 640/8 | €431 | €92 | -€339 | -78.7% |
| Gross operating margin | 9900 | €94,102 | €86,908 | -€7,195 | -7.6% |
| Operating profit (loss) | 9901 | €31,646 | €17,496 | -€14,151 | -44.7% |
| Financial charges | 65/66B | €2,997 | €4,408 | +€1,411 | +47.1% |
| Recurring financial charges | 65 | €2,997 | €4,408 | +€1,411 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €28,649 | €13,088 | -€15,562 | -54.3% |
| Income taxes | 67/77 | €6,115 | €2,880 | -€3,236 | -52.9% |
| Profit (loss) for the period | 9904 | €22,534 | €10,208 | -€12,326 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,534 | €10,208 | -€12,326 | -54.7% |
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 9 October 2026 via checked.be.