Cellistic: what changed
What changed
Cellistic
NACE 21.201, Manufacture of basic pharmaceutical products and pharmaceutical preparations
filed annual accounts (NBB)
Net result for the year
-€13.5m
2024 · -€13.6m+€84,515
Equity
-€44.3m
2024 · -€36.5m-€7.8m
Cash
€831,685
2024 · €334,124+€497,561
Balance sheet total
€41.6m
2024 · €39.3m+€2.4m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+28.7%), from €10.3m to €13.2m
of which Trade receivables: +€3.3m
- Intangible fixed assets -€1.3m
down €1.3m (-15.1%), from €8.4m to €7.1m
- Tangible fixed assets -€951,191
down €951,191 (-5.3%), from €18.1m to €17.1m
of which Plant, machinery and equipment: -€4.1m
- Deferred charges and accrued income +€848,805
up €848,805 (+217%), from €390,695 to €1.2m
- Cash +€497,561
up €497,561 (+149%), from €334,124 to €831,685
mainly Depreciation (+€7.0m) and Contributions, distributions and other (+€5.7m)
Equity and liabilities
- Profit (loss) carried forward -€13.5m
down €13.5m (-36.3%), from -€37.1m to -€50.6m
- Contributions +€5.7m
up €5.7m (+846%), from €669,333 to €6.3m
- Other debts +€3.7m
up €3.7m (+5.1%), from €71.9m to €75.5m
- Trade debts +€2.9m
up €2.9m (+120%), from €2.4m to €5.4m
- Debts after one year +€1.9m
new in 2025: €1.9m
Income statement
- Other operating income -€5.2m
down €5.2m (-54.0%), from €9.7m to €4.4m
- Turnover +€4.6m
up €4.6m (+115%), from €4.0m to €8.6m
- Depreciation +€2.3m
up €2.3m (+50.3%), from €4.6m to €7.0m
- Goods and materials -€611,652
down €611,652 (-17.4%), from €3.5m to €2.9m
of which Purchases: -€1.6m
- Staff costs -€466,320
down €466,320 (-6.0%), from €7.7m to €7.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€13.6m
Turnover
+€4.6m
Other operating income
-€5.2m
Goods and materials
+€611,652
Services and other goods
+€155,933
Staff costs
+€466,320
Depreciation
-€2.3m
Write-downs
-€142,336
Other operating charges
+€53,834
Other operating items
+€1.2m
Financial income
+€181,512
Financial charges
+€457,314
Taxes
+€38,432
Result 2025
-€13.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.7m
Investment
-€4.8m
Financing
+€8.0m
Cash 2024
€334,124
From operations (derived)
-€2.7m
Net result for the year
-€13.5m
Depreciation
+€7.0m
Receivables after one year
-€116,803
Stocks and contracts
-€127,679
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€848,805
Provisions
+€205,000
Trade debts
+€2.9m
Tax, wage and social debts
+€317,202
Advances received
+€150,497
Other debts
+€3.7m
Accrued charges and deferred income
+€624,884
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€4.8m
Financing
+€8.0m
Debts after one year
+€1.9m
Current portion of long-term debt
+€479,712
Contributions, distributions and other
+€5.7m
Cash 2025
€831,685
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,259,854 | €41,649,859 | +€2.4m | +6.1% |
| Formation expenses | 20 | €22,516 | €7,699 | -€14,818 | -65.8% |
| Fixed assets | 21/28 | €26,498,081 | €24,366,628 | -€2.1m | -8.0% |
| Intangible fixed assets | 21 | €8,369,222 | €7,103,976 | -€1.3m | -15.1% |
| Tangible fixed assets | 22/27 | €18,070,659 | €17,119,468 | -€951,191 | -5.3% |
| Plant, machinery and equipment | 23 | €17,786,552 | €13,718,339 | -€4.1m | -22.9% |
| Furniture and vehicles | 24 | €275,331 | €165,948 | -€109,383 | -39.7% |
| Leasing and similar rights | 25 | - | €3,228,190 | +€3.2m | |
| Other tangible fixed assets | 26 | €8,776 | €6,991 | -€1,785 | -20.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €58,200 | €143,183 | +€84,983 | +146% |
| Other financial fixed assets | 284/8 | €58,200 | €143,183 | +€84,983 | +146% |
| Amounts receivable and cash guarantees | 285/8 | €58,200 | €143,183 | +€84,983 | +146% |
| Current assets | 29/58 | €12,739,257 | €17,275,532 | +€4.5m | +35.6% |
| Amounts receivable after more than one year | 29 | €609,507 | €726,310 | +€116,803 | +19.2% |
| Trade receivables | 290 | €417,817 | €0 | -€417,817 | -100% |
| Other amounts receivable | 291 | €191,689 | €726,310 | +€534,620 | +279% |
| Stocks and contracts in progress | 3 | €1,133,417 | €1,261,096 | +€127,679 | +11.3% |
| Stocks | 30/36 | €1,133,417 | €1,261,096 | +€127,679 | +11.3% |
| Raw materials and consumables | 30/31 | €948,542 | €878,047 | -€70,495 | -7.4% |
| Finished goods | 33 | €184,657 | €376,615 | +€191,958 | +104% |
| Advance payments | 36 | €218 | €6,434 | +€6,216 | +2,852% |
| Amounts receivable within one year | 40/41 | €10,271,515 | €13,216,942 | +€2.9m | +28.7% |
| Trade receivables | 40 | €4,669,297 | €7,996,794 | +€3.3m | +71.3% |
| Other amounts receivable | 41 | €5,602,218 | €5,220,148 | -€382,070 | -6.8% |
| Cash at bank and in hand | 54/58 | €334,124 | €831,685 | +€497,561 | +149% |
| Deferred charges and accrued income | 490/1 | €390,695 | €1,239,500 | +€848,805 | +217% |
| Total equity and liabilities | 10/49 | €39,259,854 | €41,649,859 | +€2.4m | +6.1% |
| Equity | 10/15 | -€36,477,583 | -€44,301,844 | -€7.8m | -21.4% |
| Contributions | 10/11 | €669,333 | €6,331,125 | +€5.7m | +846% |
| Capital | 10 | €669,333 | €6,331,125 | +€5.7m | +846% |
| Issued capital | 100 | €669,333 | €6,331,125 | +€5.7m | +846% |
| Profit (loss) carried forward | 14 | -€37,146,916 | -€50,632,969 | -€13.5m | -36.3% |
| Provisions and deferred taxes | 16 | - | €205,000 | +€205,000 | |
| Provisions for liabilities and charges | 160/5 | - | €205,000 | +€205,000 | |
| Other liabilities and charges | 164/5 | - | €205,000 | +€205,000 | |
| Amounts payable | 17/49 | €75,737,437 | €85,746,703 | +€10.0m | +13.2% |
| Amounts payable after more than one year | 17 | - | €1,855,147 | +€1.9m | |
| Financial debts | 170/4 | - | €1,855,147 | +€1.9m | |
| Leasing and similar obligations | 172 | - | €1,855,147 | +€1.9m | |
| Amounts payable within one year | 42/48 | €75,609,589 | €83,138,824 | +€7.5m | +10.0% |
| Current portion of amounts payable after more than one year | 42 | - | €479,712 | +€479,712 | |
| Trade debts | 44 | €2,440,491 | €5,358,370 | +€2.9m | +120% |
| Suppliers | 440/4 | €2,440,491 | €5,358,370 | +€2.9m | +120% |
| Advances received on contracts in progress | 46 | €105,365 | €255,862 | +€150,497 | +143% |
| Taxes, remuneration and social security | 45 | €1,213,394 | €1,530,595 | +€317,202 | +26.1% |
| Taxes | 450/3 | - | €499,716 | +€499,716 | |
| Remuneration and social security | 454/9 | €1,213,394 | €1,030,879 | -€182,515 | -15.0% |
| Other amounts payable | 47/48 | €71,850,340 | €75,514,285 | +€3.7m | +5.1% |
| Accrued charges and deferred income | 492/3 | €127,848 | €752,732 | +€624,884 | +489% |
| Operating income | 70/76A | €16,073,848 | €16,375,535 | +€301,687 | +1.9% |
| Turnover | 70 | €4,020,104 | €8,648,869 | +€4.6m | +115% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €184,657 | €202,615 | +€17,958 | +9.7% |
| Own construction capitalised | 72 | €2,214,698 | €3,050,365 | +€835,667 | +37.7% |
| Other operating income | 74 | €9,654,388 | €4,441,026 | -€5.2m | -54.0% |
| Non-recurring operating income | 76A | - | €32,660 | +€32,660 | |
| Operating charges | 60/66A | €26,746,831 | €27,641,262 | +€894,431 | +3.3% |
| Goods for resale, raw materials and consumables | 60 | €3,514,403 | €2,902,751 | -€611,652 | -17.4% |
| Purchases | 600/8 | €4,462,945 | €2,884,319 | -€1.6m | -35.4% |
| Change in stocks: decrease (increase) | 609 | -€948,542 | €18,432 | +€966,974 | |
| Services and other goods | 61 | €10,129,158 | €9,973,225 | -€155,933 | -1.5% |
| Remuneration, social security and pensions | 62 | €7,740,414 | €7,274,094 | -€466,320 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,627,618 | €6,954,066 | +€2.3m | +50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €142,336 | +€142,336 | |
| Other operating charges | 640/8 | €103,249 | €49,415 | -€53,834 | -52.1% |
| Non-recurring operating charges | 66A | €631,989 | €345,375 | -€286,614 | -45.4% |
| Operating profit (loss) | 9901 | -€10,672,983 | -€11,265,727 | -€592,744 | -5.6% |
| Financial income | 75/76B | €56,293 | €237,805 | +€181,512 | +322% |
| Recurring financial income | 75 | €56,293 | €237,805 | +€181,512 | +322% |
| Income from current assets | 751 | €48,196 | €222,463 | +€174,268 | +362% |
| Other financial income | 752/9 | €8,097 | €15,341 | +€7,244 | +89.5% |
| Financial charges | 65/66B | €3,188,163 | €2,730,849 | -€457,314 | -14.3% |
| Recurring financial charges | 65 | €3,188,163 | €2,730,849 | -€457,314 | -14.3% |
| Debt charges | 650 | €3,170,917 | €2,673,135 | -€497,782 | -15.7% |
| Other financial charges | 652/9 | €17,246 | €57,714 | +€40,468 | +235% |
| Profit (loss) for the period before taxes | 9903 | -€13,804,854 | -€13,758,771 | +€46,083 | +0.3% |
| Income taxes | 67/77 | -€234,285 | -€272,717 | -€38,432 | -16.4% |
| Taxes | 670/3 | - | €56,786 | +€56,786 | |
| Tax adjustments and reversals of tax provisions | 77 | €234,285 | €329,504 | +€95,218 | +40.6% |
| Profit (loss) for the period | 9904 | -€13,570,568 | -€13,486,053 | +€84,515 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,570,568 | -€13,486,053 | +€84,515 | +0.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.