Le Pharamineux: 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.
Le Pharamineux
Largest movements
- Cash +€21,067
up €21,067 (+39.2%), from €53,713 to €74,779
mainly Net result for the year (+€25,996) and Depreciation (+€5,855)
- Tangible fixed assets -€5,855
down €5,855 (-22.6%), from €25,926 to €20,071
- Receivables within one year +€5,123
up €5,123 (+66.2%), from €7,738 to €12,861
of which Other amounts receivable: +€5,913
- Profit (loss) carried forward +€25,996
up €25,996 (+37.4%), from €69,442 to €95,438
- Debts after one year -€3,799
down €3,799 (-55.9%), from €6,797 to €2,998
- Tax, wage and social debts -€2,092
down €2,092 (-39.7%), from €5,265 to €3,173
of which Taxes: -€2,092
- Other debts -€1,193
no longer reported in 2025 (was €1,193)
- Depreciation +€3,666
up €3,666 (+167%), from €2,189 to €5,855
- Taxes -€3,637
down €3,637 (-32.5%), from €11,180 to €7,543
- Gross operating margin -€1,003
down €1,003 (-2.4%), from €41,970 to €40,967
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 | €88,992 | €108,359 | +€19,367 | +21.8% |
| Fixed assets | 21/28 | €25,926 | €20,071 | -€5,855 | -22.6% |
| Tangible fixed assets | 22/27 | €25,926 | €20,071 | -€5,855 | -22.6% |
| Furniture and vehicles | 24 | €25,926 | €20,071 | -€5,855 | -22.6% |
| Current assets | 29/58 | €63,066 | €88,288 | +€25,222 | +40.0% |
| Amounts receivable within one year | 40/41 | €7,738 | €12,861 | +€5,123 | +66.2% |
| Trade receivables | 40 | €7,738 | €6,948 | -€790 | -10.2% |
| Other amounts receivable | 41 | - | €5,913 | +€5,913 | |
| Cash at bank and in hand | 54/58 | €53,713 | €74,779 | +€21,067 | +39.2% |
| Deferred charges and accrued income | 490/1 | €1,616 | €648 | -€968 | -59.9% |
| Total equity and liabilities | 10/49 | €88,992 | €108,359 | +€19,367 | +21.8% |
| Equity | 10/15 | €71,442 | €97,438 | +€25,996 | +36.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,442 | €95,438 | +€25,996 | +37.4% |
| Amounts payable | 17/49 | €17,550 | €10,921 | -€6,630 | -37.8% |
| Amounts payable after more than one year | 17 | €6,797 | €2,998 | -€3,799 | -55.9% |
| Financial debts | 170/4 | €6,797 | €2,998 | -€3,799 | -55.9% |
| Amounts payable within one year | 42/48 | €10,754 | €7,923 | -€2,831 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €3,584 | €3,799 | +€215 | +6.0% |
| Trade debts | 44 | €712 | €951 | +€239 | +33.6% |
| Suppliers | 440/4 | €712 | €951 | +€239 | +33.6% |
| Taxes, remuneration and social security | 45 | €5,265 | €3,173 | -€2,092 | -39.7% |
| Taxes | 450/3 | €4,765 | €2,673 | -€2,092 | -43.9% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,193 | - | -€1,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,189 | €5,855 | +€3,666 | +167% |
| Other operating charges | 640/8 | €536 | €914 | +€378 | +70.5% |
| Gross operating margin | 9900 | €41,970 | €40,967 | -€1,003 | -2.4% |
| Operating profit (loss) | 9901 | €39,244 | €34,197 | -€5,047 | -12.9% |
| Financial charges | 65/66B | €398 | €658 | +€260 | +65.4% |
| Recurring financial charges | 65 | €398 | €658 | +€260 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €38,847 | €33,539 | -€5,308 | -13.7% |
| Income taxes | 67/77 | €11,180 | €7,543 | -€3,637 | -32.5% |
| Profit (loss) for the period | 9904 | €27,667 | €25,996 | -€1,671 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,667 | €25,996 | -€1,671 | -6.0% |
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 15 October 2026 via checked.be.