PHARAOH: 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.
PHARAOH
Largest movements
- Cash +€71,798
new in 2025: €71,798
mainly Net result for the year (+€129,348) and Tax, wage and social debts (+€18,571)
- Deferred charges and accrued income +€59,721
new in 2025: €59,721
- Receivables within one year +€13,719
new in 2025: €13,719
- Tangible fixed assets +€11,740
new in 2025: €11,740
- Current investments -€3,500
no longer reported in 2025 (was €3,500)
- Profit (loss) carried forward +€128,515
up €128,515, from -€3,063 to €125,452
- Tax, wage and social debts +€18,571
new in 2025: €18,571
- Current portion of long-term debt +€7,325
new in 2025: €7,325
- Trade debts -€2,388
down €2,388 (-78.0%), from €3,063 to €675
- Gross operating margin +€172,541
new in 2025: €172,541
- Taxes +€37,071
new in 2025: €37,071
- Depreciation +€2,688
up €2,688 (+87.8%), from €3,063 to €5,750
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.
Cash bridge derived
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 | €3,500 | €156,979 | +€153,479 | +4385.1% |
| Fixed assets | 21/28 | - | €11,740 | +€11,740 | |
| Tangible fixed assets | 22/27 | - | €11,740 | +€11,740 | |
| Furniture and vehicles | 24 | - | €11,740 | +€11,740 | |
| Current assets | 29/58 | €3,500 | €145,239 | +€141,739 | +4049.7% |
| Amounts receivable within one year | 40/41 | - | €13,719 | +€13,719 | |
| Other amounts receivable | 41 | - | €13,719 | +€13,719 | |
| Current investments | 50/53 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | - | €71,798 | +€71,798 | |
| Deferred charges and accrued income | 490/1 | - | €59,721 | +€59,721 | |
| Total equity and liabilities | 10/49 | €3,500 | €156,979 | +€153,479 | +4385.1% |
| Equity | 10/15 | €438 | €128,952 | +€128,515 | +29374.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,063 | €125,452 | +€128,515 | |
| Amounts payable | 17/49 | €3,063 | €28,027 | +€24,964 | +815.2% |
| Amounts payable after more than one year | 17 | - | €623 | +€623 | |
| Financial debts | 170/4 | - | €623 | +€623 | |
| Amounts payable within one year | 42/48 | €3,063 | €27,403 | +€24,341 | +794.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,325 | +€7,325 | |
| Trade debts | 44 | €3,063 | €675 | -€2,388 | -78.0% |
| Suppliers | 440/4 | €3,063 | €675 | -€2,388 | -78.0% |
| Taxes, remuneration and social security | 45 | - | €18,571 | +€18,571 | |
| Taxes | 450/3 | - | €18,571 | +€18,571 | |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,063 | €5,750 | +€2,688 | +87.8% |
| Other operating charges | 640/8 | - | €104 | +€104 | |
| Gross operating margin | 9900 | - | €172,541 | +€172,541 | |
| Operating profit (loss) | 9901 | -€3,063 | €166,687 | +€169,750 | |
| Financial income | 75/76B | - | €339 | +€339 | |
| Recurring financial income | 75 | - | €339 | +€339 | |
| Financial charges | 65/66B | - | €608 | +€608 | |
| Recurring financial charges | 65 | - | €608 | +€608 | |
| Profit (loss) for the period before taxes | 9903 | -€3,063 | €166,418 | +€169,481 | |
| Income taxes | 67/77 | - | €37,071 | +€37,071 | |
| Profit (loss) for the period | 9904 | -€3,063 | €129,348 | +€132,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,063 | €129,348 | +€132,410 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.