WARQUIGNIESPHARMA: 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.
WARQUIGNIESPHARMA
Largest movements
- Tangible fixed assets -€25,647
down €25,647 (-51.9%), from €49,451 to €23,804
of which Other tangible fixed assets: -€17,819
- Stocks and contracts -€14,107
down €14,107 (-15.7%), from €89,632 to €75,525
- Deferred charges and accrued income +€10,159
up €10,159 (+21.9%), from €46,335 to €56,494
- Cash +€5,532
up €5,532 (+4.2%), from €132,589 to €138,121
mainly Net result for the year (+€45,184) and Depreciation (+€25,647)
- Reserves +€45,184
up €45,184 (+139%), from €32,612 to €77,796
- Debts after one year -€36,427
no longer reported in 2025 (was €36,427)
- Current portion of long-term debt -€34,322
down €34,322 (-48.5%), from €70,749 to €36,427
- Trade debts +€6,511
up €6,511 (+19.3%), from €33,691 to €40,202
- Tax, wage and social debts -€4,113
down €4,113 (-29.3%), from €14,022 to €9,910
of which Taxes: -€4,653
- Gross operating margin -€15,545
down €15,545 (-10.0%), from €155,555 to €140,011
- Depreciation -€1,628
down €1,628 (-6.0%), from €27,275 to €25,647
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 | €323,737 | €299,659 | -€24,078 | -7.4% |
| Fixed assets | 21/28 | €49,451 | €23,804 | -€25,647 | -51.9% |
| Tangible fixed assets | 22/27 | €49,451 | €23,804 | -€25,647 | -51.9% |
| Plant, machinery and equipment | 23 | €6,576 | €5,257 | -€1,320 | -20.1% |
| Furniture and vehicles | 24 | €17,631 | €11,123 | -€6,508 | -36.9% |
| Other tangible fixed assets | 26 | €25,243 | €7,425 | -€17,819 | -70.6% |
| Current assets | 29/58 | €274,286 | €275,855 | +€1,569 | +0.6% |
| Stocks and contracts in progress | 3 | €89,632 | €75,525 | -€14,107 | -15.7% |
| Stocks | 30/36 | €89,632 | €75,525 | -€14,107 | -15.7% |
| Amounts receivable within one year | 40/41 | €5,731 | €5,715 | -€16 | -0.3% |
| Trade receivables | 40 | €5,365 | €4,978 | -€387 | -7.2% |
| Other amounts receivable | 41 | €365 | €737 | +€372 | +102% |
| Cash at bank and in hand | 54/58 | €132,589 | €138,121 | +€5,532 | +4.2% |
| Deferred charges and accrued income | 490/1 | €46,335 | €56,494 | +€10,159 | +21.9% |
| Total equity and liabilities | 10/49 | €323,737 | €299,659 | -€24,078 | -7.4% |
| Equity | 10/15 | €167,776 | €212,960 | +€45,184 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,612 | €77,796 | +€45,184 | +139% |
| Distributable reserves | 133 | €32,612 | €77,796 | +€45,184 | +139% |
| Profit (loss) carried forward | 14 | €116,565 | €116,565 | = | 0.0% |
| Amounts payable | 17/49 | €155,960 | €86,699 | -€69,261 | -44.4% |
| Amounts payable after more than one year | 17 | €36,427 | - | -€36,427 | |
| Financial debts | 170/4 | €36,427 | - | -€36,427 | |
| Amounts payable within one year | 42/48 | €119,533 | €86,699 | -€32,834 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €70,749 | €36,427 | -€34,322 | -48.5% |
| Trade debts | 44 | €33,691 | €40,202 | +€6,511 | +19.3% |
| Suppliers | 440/4 | €33,691 | €40,202 | +€6,511 | +19.3% |
| Taxes, remuneration and social security | 45 | €14,022 | €9,910 | -€4,113 | -29.3% |
| Taxes | 450/3 | €7,721 | €3,068 | -€4,653 | -60.3% |
| Remuneration and social security | 454/9 | €6,301 | €6,842 | +€541 | +8.6% |
| Other amounts payable | 47/48 | €1,071 | €160 | -€911 | -85.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €38,502 | €40,033 | +€1,531 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,275 | €25,647 | -€1,628 | -6.0% |
| Other operating charges | 640/8 | €3,184 | €2,438 | -€746 | -23.4% |
| Gross operating margin | 9900 | €155,555 | €140,011 | -€15,545 | -10.0% |
| Operating profit (loss) | 9901 | €86,595 | €71,892 | -€14,702 | -17.0% |
| Financial income | 75/76B | €283 | €610 | +€327 | +116% |
| Recurring financial income | 75 | €283 | €610 | +€327 | +116% |
| Financial charges | 65/66B | €6,083 | €5,104 | -€979 | -16.1% |
| Recurring financial charges | 65 | €6,083 | €5,104 | -€979 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €80,794 | €67,398 | -€13,396 | -16.6% |
| Income taxes | 67/77 | €21,225 | €22,215 | +€989 | +4.7% |
| Profit (loss) for the period | 9904 | €59,569 | €45,184 | -€14,386 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,569 | €45,184 | -€14,386 | -24.1% |
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 28 October 2026 via checked.be.