PharaonBlanc: 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.
PharaonBlanc
Largest movements
- Receivables within one year -€63,659
down €63,659 (-74.9%), from €85,029 to €21,370
of which Trade receivables: -€69,836
- Cash +€51,228
up €51,228 (+104%), from €49,366 to €100,594
mainly Receivables within one year (+€63,659) and Net result for the year (+€47,678)
- Profit (loss) carried forward +€47,678
up €47,678, from -€4,090 to €43,588
- Other debts -€40,418
down €40,418 (-42.2%), from €95,784 to €55,365
- Trade debts -€31,832
down €31,832 (-83.4%), from €38,147 to €6,315
- Tax, wage and social debts +€12,141
up €12,141 (+781%), from €1,555 to €13,696
- Gross operating margin +€62,138
up €62,138, from -€1,717 to €60,422
- Taxes +€12,258
new in 2025: €12,258
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 | €134,395 | €121,964 | -€12,431 | -9.2% |
| Current assets | 29/58 | €134,395 | €121,964 | -€12,431 | -9.2% |
| Amounts receivable within one year | 40/41 | €85,029 | €21,370 | -€63,659 | -74.9% |
| Trade receivables | 40 | €79,464 | €9,628 | -€69,836 | -87.9% |
| Other amounts receivable | 41 | €5,565 | €11,742 | +€6,177 | +111% |
| Cash at bank and in hand | 54/58 | €49,366 | €100,594 | +€51,228 | +104% |
| Total equity and liabilities | 10/49 | €134,395 | €121,964 | -€12,431 | -9.2% |
| Equity | 10/15 | -€1,090 | €46,588 | +€47,678 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,090 | €43,588 | +€47,678 | |
| Amounts payable | 17/49 | €135,485 | €75,376 | -€60,109 | -44.4% |
| Amounts payable within one year | 42/48 | €135,485 | €75,376 | -€60,109 | -44.4% |
| Trade debts | 44 | €38,147 | €6,315 | -€31,832 | -83.4% |
| Suppliers | 440/4 | €38,147 | €6,315 | -€31,832 | -83.4% |
| Taxes, remuneration and social security | 45 | €1,555 | €13,696 | +€12,141 | +781% |
| Taxes | 450/3 | €1,555 | €13,696 | +€12,141 | +781% |
| Other amounts payable | 47/48 | €95,784 | €55,365 | -€40,418 | -42.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,717 | €60,422 | +€62,138 | |
| Operating profit (loss) | 9901 | -€2,104 | €60,022 | +€62,126 | |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €691 | €140 | -€551 | -79.7% |
| Recurring financial charges | 65 | €691 | €140 | -€551 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,796 | €59,936 | +€62,732 | |
| Income taxes | 67/77 | - | €12,258 | +€12,258 | |
| Profit (loss) for the period | 9904 | -€2,796 | €47,678 | +€50,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,796 | €47,678 | +€50,474 |
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 19 October 2026 via checked.be.