PHARAON: 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.
PHARAON
Largest movements
- Cash -€716
down €716 (-48.2%), from €1,486 to €770
mainly Net result for the year (-€980)
- Receivables within one year -€253
no longer reported in 2025 (was €253)
- Profit (loss) carried forward -€980
down €980 (-7.8%), from -€12,517 to -€13,498
- Gross operating margin +€11,611
up €11,611 (+93.2%), from -€12,461 to -€851
- Financial charges +€130
new in 2025: €130
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 | €1,738 | €770 | -€969 | -55.7% |
| Current assets | 29/58 | €1,738 | €770 | -€969 | -55.7% |
| Amounts receivable within one year | 40/41 | €253 | - | -€253 | |
| Other amounts receivable | 41 | €253 | - | -€253 | |
| Cash at bank and in hand | 54/58 | €1,486 | €770 | -€716 | -48.2% |
| Total equity and liabilities | 10/49 | €1,738 | €770 | -€969 | -55.7% |
| Equity | 10/15 | -€2,517 | -€3,498 | -€980 | -38.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,517 | -€13,498 | -€980 | -7.8% |
| Amounts payable | 17/49 | €4,256 | €4,267 | +€12 | +0.3% |
| Amounts payable within one year | 42/48 | €4,256 | €4,267 | +€12 | +0.3% |
| Other amounts payable | 47/48 | €4,256 | €4,267 | +€12 | +0.3% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€12,461 | -€851 | +€11,611 | +93.2% |
| Operating profit (loss) | 9901 | -€12,511 | -€851 | +€11,661 | +93.2% |
| Financial charges | 65/66B | - | €130 | +€130 | |
| Recurring financial charges | 65 | - | €130 | +€130 | |
| Profit (loss) for the period before taxes | 9903 | -€12,511 | -€980 | +€11,531 | +92.2% |
| Profit (loss) for the period | 9904 | -€12,511 | -€980 | +€11,531 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,511 | -€980 | +€11,531 | +92.2% |
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 4 October 2026 via checked.be.