PHARCOSSOL: 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.
PHARCOSSOL
Largest movements
- Cash -€163,094
down €163,094 (-59.9%), from €272,448 to €109,354
mainly Contributions, distributions and other (-€222,500) and Accrued charges and deferred income (-€78,888)
- Receivables within one year -€109,900
down €109,900 (-47.2%), from €232,770 to €122,870
of which Other amounts receivable: -€158,698
- Tangible fixed assets -€23,876
down €23,876 (-19.1%), from €124,704 to €100,828
of which Furniture and vehicles: -€24,190
- Stocks and contracts -€9,072
down €9,072 (-54.7%), from €16,585 to €7,513
- Reserves -€148,149
down €148,149 (-36.6%), from €404,788 to €256,639
- Accrued charges and deferred income -€78,888
down €78,888 (-100.0%), from €78,888 to €0
- Trade debts -€65,174
down €65,174 (-69.9%), from €93,231 to €28,057
- Debts after one year -€11,805
down €11,805 (-44.2%), from €26,713 to €14,909
- Current portion of long-term debt -€8,300
down €8,300 (-41.3%), from €20,105 to €11,805
- Gross operating margin +€76,986
up €76,986 (+135.6%), from €56,762 to €133,748
- Financial income -€20,617
down €20,617 (-89.8%), from €22,953 to €2,337
- Taxes +€20,249
up €20,249 (+342.6%), from €5,911 to €26,160
- Depreciation -€13,750
down €13,750 (-30.7%), from €44,841 to €31,091
- Financial charges +€1,554
up €1,554 (+191.3%), from €812 to €2,366
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 | €649,260 | €343,178 | -€306,082 | -47.1% |
| Fixed assets | 21/28 | €124,704 | €100,828 | -€23,876 | -19.1% |
| Tangible fixed assets | 22/27 | €124,704 | €100,828 | -€23,876 | -19.1% |
| Furniture and vehicles | 24 | €76,957 | €52,766 | -€24,190 | -31.4% |
| Other tangible fixed assets | 26 | €47,748 | €48,062 | +€315 | +0.7% |
| Current assets | 29/58 | €524,556 | €242,350 | -€282,206 | -53.8% |
| Stocks and contracts in progress | 3 | €16,585 | €7,513 | -€9,072 | -54.7% |
| Stocks | 30/36 | €16,585 | €7,513 | -€9,072 | -54.7% |
| Amounts receivable within one year | 40/41 | €232,770 | €122,870 | -€109,900 | -47.2% |
| Trade receivables | 40 | €37,100 | €85,897 | +€48,798 | +131.5% |
| Other amounts receivable | 41 | €195,671 | €36,973 | -€158,698 | -81.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €272,448 | €109,354 | -€163,094 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,753 | €2,614 | -€140 | -5.1% |
| Total equity and liabilities | 10/49 | €649,260 | €343,178 | -€306,082 | -47.1% |
| Equity | 10/15 | €423,338 | €275,189 | -€148,149 | -35.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €404,788 | €256,639 | -€148,149 | -36.6% |
| Distributable reserves | 133 | €404,788 | €256,639 | -€148,149 | -36.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €225,922 | €67,989 | -€157,933 | -69.9% |
| Amounts payable after more than one year | 17 | €26,713 | €14,909 | -€11,805 | -44.2% |
| Financial debts | 170/4 | €26,713 | €14,909 | -€11,805 | -44.2% |
| Amounts payable within one year | 42/48 | €120,321 | €53,081 | -€67,240 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €20,105 | €11,805 | -€8,300 | -41.3% |
| Trade debts | 44 | €93,231 | €28,057 | -€65,174 | -69.9% |
| Suppliers | 440/4 | €93,231 | €28,057 | -€65,174 | -69.9% |
| Taxes, remuneration and social security | 45 | €6,986 | €11,390 | +€4,405 | +63.1% |
| Taxes | 450/3 | €6,986 | €11,390 | +€4,405 | +63.1% |
| Other amounts payable | 47/48 | - | €1,829 | +€1,829 | |
| Accrued charges and deferred income | 492/3 | €78,888 | €0 | -€78,888 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,841 | €31,091 | -€13,750 | -30.7% |
| Other operating charges | 640/8 | €2,012 | €2,117 | +€105 | +5.2% |
| Gross operating margin | 9900 | €56,762 | €133,748 | +€76,986 | +135.6% |
| Operating profit (loss) | 9901 | €9,909 | €100,540 | +€90,631 | +914.6% |
| Financial income | 75/76B | €22,953 | €2,337 | -€20,617 | -89.8% |
| Recurring financial income | 75 | €22,953 | €2,337 | -€20,617 | -89.8% |
| Financial charges | 65/66B | €812 | €2,366 | +€1,554 | +191.3% |
| Recurring financial charges | 65 | €812 | €2,366 | +€1,554 | +191.3% |
| Profit (loss) for the period before taxes | 9903 | €32,050 | €100,510 | +€68,460 | +213.6% |
| Income taxes | 67/77 | €5,911 | €26,160 | +€20,249 | +342.6% |
| Profit (loss) for the period | 9904 | €26,139 | €74,351 | +€48,211 | +184.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,139 | €74,351 | +€48,211 | +184.4% |
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.