PHARBIAS: 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.
PHARBIAS
Largest movements
- Receivables within one year +€37,482
up €37,482 (+20.7%), from €181,064 to €218,546
of which Trade receivables: +€24,000
- Cash -€23,618
down €23,618 (-3.6%), from €647,697 to €624,079
mainly Contributions, distributions and other (-€290,000) and Receivables within one year (-€37,482)
- Other debts +€210,000
new in 2025: €210,000
- Reserves -€198,000
down €198,000 (-21.3%), from €927,690 to €729,690
of which Distributable reserves: -€198,000
- Turnover +€12,689
up €12,689 (+5.7%), from €221,687 to €234,376
- Purchases and services -€6,448
down €6,448 (-6.2%), from €104,114 to €97,666
- Gross operating margin +€5,637
up €5,637 (+4.3%), from €131,074 to €136,711
- Taxes +€2,772
up €2,772 (+7.3%), from €37,864 to €40,637
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 | €941,179 | €962,288 | +€21,108 | +2.2% |
| Fixed assets | 21/28 | €2,369 | €8,296 | +€5,928 | +250% |
| Tangible fixed assets | 22/27 | €2,369 | €8,296 | +€5,928 | +250% |
| Furniture and vehicles | 24 | €1,176 | €7,402 | +€6,226 | +529% |
| Other tangible fixed assets | 26 | €1,192 | €894 | -€298 | -25.0% |
| Current assets | 29/58 | €938,811 | €953,992 | +€15,181 | +1.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,064 | €218,546 | +€37,482 | +20.7% |
| Trade receivables | 40 | €112,000 | €136,000 | +€24,000 | +21.4% |
| Other amounts receivable | 41 | €69,064 | €82,546 | +€13,482 | +19.5% |
| Cash at bank and in hand | 54/58 | €647,697 | €624,079 | -€23,618 | -3.6% |
| Deferred charges and accrued income | 490/1 | €90,051 | €91,367 | +€1,316 | +1.5% |
| Total equity and liabilities | 10/49 | €941,179 | €962,288 | +€21,108 | +2.2% |
| Equity | 10/15 | €935,907 | €737,822 | -€198,085 | -21.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €927,690 | €729,690 | -€198,000 | -21.3% |
| Tax-exempt reserves | 132 | €36,750 | €36,750 | = | 0.0% |
| Distributable reserves | 133 | €890,940 | €692,940 | -€198,000 | -22.2% |
| Profit (loss) carried forward | 14 | €157 | €72 | -€85 | -54.3% |
| Amounts payable | 17/49 | €5,273 | €224,466 | +€219,193 | +4,157% |
| Amounts payable within one year | 42/48 | €4,305 | €223,559 | +€219,253 | +5,093% |
| Trade debts | 44 | €305 | €359 | +€53 | +17.5% |
| Suppliers | 440/4 | €305 | €359 | +€53 | +17.5% |
| Taxes, remuneration and social security | 45 | €4,000 | €13,200 | +€9,200 | +230% |
| Taxes | 450/3 | €4,000 | €13,200 | +€9,200 | +230% |
| Other amounts payable | 47/48 | - | €210,000 | +€210,000 | |
| Accrued charges and deferred income | 492/3 | €968 | €908 | -€60 | -6.2% |
| Turnover | 70 | €221,687 | €234,376 | +€12,689 | +5.7% |
| Non-recurring operating income | 76A | €13,500 | - | -€13,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €104,114 | €97,666 | -€6,448 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €2,589 | +€989 | +61.8% |
| Other operating charges | 640/8 | €3,313 | €1,354 | -€1,959 | -59.1% |
| Gross operating margin | 9900 | €131,074 | €136,711 | +€5,637 | +4.3% |
| Operating profit (loss) | 9901 | €126,160 | €132,767 | +€6,607 | +5.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €110 | €216 | +€106 | +96.1% |
| Recurring financial charges | 65 | €110 | €216 | +€106 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €126,050 | €132,552 | +€6,502 | +5.2% |
| Income taxes | 67/77 | €37,864 | €40,637 | +€2,772 | +7.3% |
| Profit (loss) for the period | 9904 | €88,186 | €91,915 | +€3,730 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,186 | €91,915 | +€3,730 | +4.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.