Norgine: what changed
Two fiscal 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.
What changed
Norgine
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€776,540
2023 · €316,589+€459,951
Equity
€7.0m
2023 · €6.2m+€782,410
Cash
€208,627
2023 · €209,050-€423
Balance sheet total
€14.1m
2023 · €9.6m+€4.5m
Largest movements
Assets
- Receivables within one year +€4.8m
up €4.8m (+105.7%), from €4.5m to €9.2m
of which Other amounts receivable: +€4.3m
- Stocks and contracts -€272,303
down €272,303 (-5.6%), from €4.9m to €4.6m
Equity and liabilities
- Trade debts +€4.2m
up €4.2m (+573.0%), from €735,009 to €4.9m
- Reserves +€782,410
up €782,410 (+12.9%), from €6.1m to €6.9m
of which Distributable reserves: +€782,410
- Tax, wage and social debts -€650,724
down €650,724 (-25.6%), from €2.5m to €1.9m
of which Remuneration and social security: -€725,192
Income statement
- Other operating income +€3.3m
up €3.3m (+65.6%), from €5.1m to €8.4m
- Staff costs +€1.5m
up €1.5m (+33.6%), from €4.5m to €6.0m
- Goods and materials +€1.0m
up €1.0m (+6.3%), from €16.6m to €17.7m
of which Change in stocks: decrease (increase): +€2.0m
- Turnover +€848,847
up €848,847 (+4.6%), from €18.3m to €19.1m
- Services and other goods +€788,381
up €788,381 (+39.6%), from €2.0m to €2.8m
From the 2023 result to the 2024 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.
Result 2023
€316,589
Turnover
+€848,847
Other operating income
+€3.3m
Goods and materials
-€1.0m
Services and other goods
-€788,381
Staff costs
-€1.5m
Depreciation
+€10,839
Other operating charges
+€1,490
Financial income
-€132,193
Financial charges
+€21,194
Taxes
-€283,882
Result 2024
€776,540
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,122
Investment
-€5,171
Financing
+€5,870
Cash 2023
€209,050
From operations (derived)
-€1,122
Net result for the year
+€776,540
Depreciation
+€12,844
Stocks and contracts
+€272,303
Receivables within one year
-€4.8m
Deferred charges and accrued income
+€20,046
Trade debts
+€4.2m
Tax, wage and social debts
-€650,724
Other debts
+€56,996
Accrued charges and deferred income
+€51,183
Investment (derived)
-€5,171
Investment in fixed assets (net)
-€5,171
Financing
+€5,870
Contributions, distributions and other
+€5,870
Cash 2024
€208,627
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,606,460 | €14,058,070 | +€4.5m | +46.3% |
| Fixed assets | 21/28 | €25,808 | €18,135 | -€7,673 | -29.7% |
| Tangible fixed assets | 22/27 | €25,808 | €18,135 | -€7,673 | -29.7% |
| Plant, machinery and equipment | 23 | €25,678 | €18,135 | -€7,543 | -29.4% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €9,580,652 | €14,039,935 | +€4.5m | +46.5% |
| Stocks and contracts in progress | 3 | €4,855,761 | €4,583,458 | -€272,303 | -5.6% |
| Stocks | 30/36 | €4,855,761 | €4,583,458 | -€272,303 | -5.6% |
| Goods purchased for resale | 34 | €4,855,761 | €4,583,458 | -€272,303 | -5.6% |
| Amounts receivable within one year | 40/41 | €4,495,795 | €9,247,850 | +€4.8m | +105.7% |
| Trade receivables | 40 | €2,538,683 | €2,969,289 | +€430,606 | +17.0% |
| Other amounts receivable | 41 | €1,957,112 | €6,278,561 | +€4.3m | +220.8% |
| Cash at bank and in hand | 54/58 | €209,050 | €208,627 | -€423 | -0.2% |
| Deferred charges and accrued income | 490/1 | €20,046 | - | -€20,046 | |
| Total equity and liabilities | 10/49 | €9,606,460 | €14,058,070 | +€4.5m | +46.3% |
| Equity | 10/15 | €6,174,513 | €6,956,923 | +€782,410 | +12.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €6,075,356 | €6,857,766 | +€782,410 | +12.9% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €6,065,440 | €6,847,850 | +€782,410 | +12.9% |
| Provisions and deferred taxes | 16 | €12,805 | €12,805 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,805 | €12,805 | = | 0.0% |
| Pensions and similar obligations | 160 | €12,805 | €12,805 | = | 0.0% |
| Amounts payable | 17/49 | €3,419,142 | €7,088,342 | +€3.7m | +107.3% |
| Amounts payable within one year | 42/48 | €3,367,054 | €6,985,071 | +€3.6m | +107.5% |
| Trade debts | 44 | €735,009 | €4,946,754 | +€4.2m | +573.0% |
| Suppliers | 440/4 | €735,009 | €4,946,754 | +€4.2m | +573.0% |
| Taxes, remuneration and social security | 45 | €2,538,128 | €1,887,404 | -€650,724 | -25.6% |
| Taxes | 450/3 | €479,046 | €553,514 | +€74,468 | +15.5% |
| Remuneration and social security | 454/9 | €2,059,082 | €1,333,890 | -€725,192 | -35.2% |
| Other amounts payable | 47/48 | €93,917 | €150,913 | +€56,996 | +60.7% |
| Accrued charges and deferred income | 492/3 | €52,088 | €103,271 | +€51,183 | +98.3% |
| Operating income | 70/76A | €23,396,798 | €27,590,915 | +€4.2m | +17.9% |
| Turnover | 70 | €18,299,896 | €19,148,743 | +€848,847 | +4.6% |
| Other operating income | 74 | €5,096,902 | €8,442,172 | +€3.3m | +65.6% |
| Operating charges | 60/66A | €23,181,090 | €26,520,375 | +€3.3m | +14.4% |
| Goods for resale, raw materials and consumables | 60 | €16,646,462 | €17,691,618 | +€1.0m | +6.3% |
| Purchases | 600/8 | €18,355,763 | €17,419,315 | -€936,448 | -5.1% |
| Change in stocks: decrease (increase) | 609 | -€1,709,301 | €272,303 | +€2.0m | |
| Services and other goods | 61 | €1,988,479 | €2,776,860 | +€788,381 | +39.6% |
| Remuneration, social security and pensions | 62 | €4,520,976 | €6,039,053 | +€1.5m | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,683 | €12,844 | -€10,839 | -45.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,490 | - | -€1,490 | |
| Operating profit (loss) | 9901 | €215,708 | €1,070,540 | +€854,832 | +396.3% |
| Financial income | 75/76B | €254,653 | €122,460 | -€132,193 | -51.9% |
| Recurring financial income | 75 | €254,653 | €122,460 | -€132,193 | -51.9% |
| Income from current assets | 751 | €254,653 | €122,460 | -€132,193 | -51.9% |
| Financial charges | 65/66B | €23,490 | €2,296 | -€21,194 | -90.2% |
| Recurring financial charges | 65 | €23,490 | €2,296 | -€21,194 | -90.2% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €23,490 | €2,296 | -€21,194 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €446,871 | €1,190,704 | +€743,833 | +166.5% |
| Income taxes | 67/77 | €130,282 | €414,164 | +€283,882 | +217.9% |
| Taxes | 670/3 | €130,282 | €414,164 | +€283,882 | +217.9% |
| Profit (loss) for the period | 9904 | €316,589 | €776,540 | +€459,951 | +145.3% |
| Profit (loss) for the period to be appropriated | 9905 | €316,589 | €776,540 | +€459,951 | +145.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.