PHARCOJAN: 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.
PHARCOJAN
Largest movements
- Cash +€96,769
up €96,769 (+55.6%), from €173,963 to €270,732
- Current investments +€30,502
up €30,502 (+25.6%), from €118,956 to €149,458
- Other debts +€92,899
up €92,899 (+2,591%), from €3,586 to €96,485
- Reserves +€18,399
up €18,399 (+5.2%), from €354,150 to €372,549
- Tax, wage and social debts +€16,247
up €16,247 (+161%), from €10,086 to €26,333
of which Taxes: +€16,247
- Gross operating margin +€71,404
up €71,404 (+83.9%), from €85,101 to €156,505
- Taxes +€22,517
up €22,517 (+95.2%), from €23,662 to €46,179
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,667 | €516,126 | +€126,459 | +32.5% |
| Fixed assets | 21/28 | €88,522 | €87,865 | -€657 | -0.7% |
| Tangible fixed assets | 22/27 | €2,410 | €1,753 | -€657 | -27.3% |
| Plant, machinery and equipment | 23 | €2,410 | €1,753 | -€657 | -27.3% |
| Financial fixed assets | 28 | €86,112 | €86,112 | = | 0.0% |
| Current assets | 29/58 | €301,145 | €428,261 | +€127,116 | +42.2% |
| Amounts receivable within one year | 40/41 | €7,865 | €7,865 | = | 0.0% |
| Trade receivables | 40 | €7,865 | €7,865 | = | 0.0% |
| Current investments | 50/53 | €118,956 | €149,458 | +€30,502 | +25.6% |
| Cash at bank and in hand | 54/58 | €173,963 | €270,732 | +€96,769 | +55.6% |
| Deferred charges and accrued income | 490/1 | €361 | €206 | -€156 | -43.1% |
| Total equity and liabilities | 10/49 | €389,667 | €516,126 | +€126,459 | +32.5% |
| Equity | 10/15 | €372,750 | €391,149 | +€18,399 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €354,150 | €372,549 | +€18,399 | +5.2% |
| Distributable reserves | 133 | €354,150 | €372,549 | +€18,399 | +5.2% |
| Amounts payable | 17/49 | €16,917 | €124,977 | +€108,060 | +639% |
| Amounts payable within one year | 42/48 | €13,854 | €122,865 | +€109,011 | +787% |
| Trade debts | 44 | €182 | €47 | -€136 | -74.3% |
| Suppliers | 440/4 | €182 | €47 | -€136 | -74.3% |
| Taxes, remuneration and social security | 45 | €10,086 | €26,333 | +€16,247 | +161% |
| Taxes | 450/3 | €7,886 | €24,133 | +€16,247 | +206% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €3,586 | €96,485 | +€92,899 | +2,591% |
| Accrued charges and deferred income | 492/3 | €3,063 | €2,112 | -€951 | -31.0% |
| Non-recurring operating income | 76A | - | €1,349 | +€1,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €657 | +€601 | +1,075% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €85,101 | €156,505 | +€71,404 | +83.9% |
| Operating profit (loss) | 9901 | €84,658 | €155,449 | +€70,791 | +83.6% |
| Financial income | 75/76B | €1,113 | €2,126 | +€1,013 | +91.1% |
| Recurring financial income | 75 | €1,113 | €2,126 | +€1,013 | +91.1% |
| Financial charges | 65/66B | €43 | €247 | +€205 | +477% |
| Recurring financial charges | 65 | €43 | €247 | +€205 | +477% |
| Profit (loss) for the period before taxes | 9903 | €85,728 | €157,328 | +€71,600 | +83.5% |
| Income taxes | 67/77 | €23,662 | €46,179 | +€22,517 | +95.2% |
| Profit (loss) for the period | 9904 | €62,066 | €111,149 | +€49,082 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,066 | €111,149 | +€49,082 | +79.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.