FISCAL' ASSISTANCE PHARMED: 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.
FISCAL' ASSISTANCE PHARMED
Largest movements
- Intangible fixed assets -€180,000
down €180,000 (-11.1%), from €1.6m to €1.4m
- Cash +€76,411
up €76,411 (+96.2%), from €79,406 to €155,817
mainly Depreciation (+€236,488) and Net result for the year (+€48,823)
- Receivables within one year +€26,172
up €26,172 (+4.8%), from €542,745 to €568,917
of which Other amounts receivable: +€67,052
- Debts after one year -€164,549
down €164,549 (-9.7%), from €1.7m to €1.5m
- Profit (loss) carried forward +€48,823
up €48,823 (+71.8%), from €68,030 to €116,853
- Tax, wage and social debts +€41,882
up €41,882 (+23.1%), from €180,946 to €222,828
of which Taxes: +€47,967
- Taxes -€45,304
no longer reported in 2025 (was €45,304)
- Gross operating margin -€38,658
down €38,658 (-4.4%), from €874,488 to €835,830
- Depreciation +€17,647
up €17,647 (+8.1%), from €218,840 to €236,488
- Staff costs +€9,558
up €9,558 (+2.1%), from €466,075 to €475,632
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 | €2,438,113 | €2,393,928 | -€44,184 | -1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,794,133 | €1,634,455 | -€159,679 | -8.9% |
| Intangible fixed assets | 21 | €1,620,000 | €1,440,000 | -€180,000 | -11.1% |
| Tangible fixed assets | 22/27 | €161,913 | €182,234 | +€20,321 | +12.6% |
| Plant, machinery and equipment | 23 | €32,700 | €37,213 | +€4,513 | +13.8% |
| Furniture and vehicles | 24 | €129,213 | €145,021 | +€15,808 | +12.2% |
| Financial fixed assets | 28 | €12,221 | €12,221 | = | 0.0% |
| Current assets | 29/58 | €643,979 | €759,474 | +€115,494 | +17.9% |
| Amounts receivable within one year | 40/41 | €542,745 | €568,917 | +€26,172 | +4.8% |
| Trade receivables | 40 | €521,675 | €480,796 | -€40,879 | -7.8% |
| Other amounts receivable | 41 | €21,070 | €88,121 | +€67,052 | +318% |
| Cash at bank and in hand | 54/58 | €79,406 | €155,817 | +€76,411 | +96.2% |
| Deferred charges and accrued income | 490/1 | €21,828 | €34,739 | +€12,912 | +59.2% |
| Total equity and liabilities | 10/49 | €2,438,113 | €2,393,928 | -€44,184 | -1.8% |
| Equity | 10/15 | €136,780 | €185,603 | +€48,823 | +35.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,030 | €116,853 | +€48,823 | +71.8% |
| Amounts payable | 17/49 | €2,301,333 | €2,208,325 | -€93,007 | -4.0% |
| Amounts payable after more than one year | 17 | €1,697,500 | €1,532,951 | -€164,549 | -9.7% |
| Financial debts | 170/4 | €1,697,500 | €1,532,951 | -€164,549 | -9.7% |
| Amounts payable within one year | 42/48 | €599,655 | €669,440 | +€69,785 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €231,616 | €249,119 | +€17,502 | +7.6% |
| Financial debts | 43 | - | €6,201 | +€6,201 | |
| Credit institutions | 430/8 | - | €6,201 | +€6,201 | |
| Trade debts | 44 | €53,226 | €44,343 | -€8,883 | -16.7% |
| Suppliers | 440/4 | €53,226 | €44,343 | -€8,883 | -16.7% |
| Taxes, remuneration and social security | 45 | €180,946 | €222,828 | +€41,882 | +23.1% |
| Taxes | 450/3 | €110,668 | €158,635 | +€47,967 | +43.3% |
| Remuneration and social security | 454/9 | €70,278 | €64,192 | -€6,086 | -8.7% |
| Other amounts payable | 47/48 | €133,867 | €146,950 | +€13,084 | +9.8% |
| Accrued charges and deferred income | 492/3 | €4,177 | €5,934 | +€1,757 | +42.1% |
| Remuneration, social security and pensions | 62 | €466,075 | €475,632 | +€9,558 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,840 | €236,488 | +€17,647 | +8.1% |
| Other operating charges | 640/8 | €13,538 | €10,813 | -€2,725 | -20.1% |
| Gross operating margin | 9900 | €874,488 | €835,830 | -€38,658 | -4.4% |
| Operating profit (loss) | 9901 | €176,034 | €112,897 | -€63,137 | -35.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €56,451 | €64,074 | +€7,623 | +13.5% |
| Recurring financial charges | 65 | €56,451 | €64,074 | +€7,623 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €119,585 | €48,823 | -€70,762 | -59.2% |
| Income taxes | 67/77 | €45,304 | - | -€45,304 | |
| Profit (loss) for the period | 9904 | €74,280 | €48,823 | -€25,457 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,280 | €48,823 | -€25,457 | -34.3% |
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.