PHARESCON: 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.
PHARESCON
Largest movements
- Tangible fixed assets -€37,885
down €37,885 (-8.1%), from €469,094 to €431,209
of which Land and buildings: -€35,732
- Receivables within one year +€5,973
up €5,973 (+11.1%), from €53,643 to €59,616
of which Other amounts receivable: +€49,596
- Other debts -€77,452
down €77,452 (-100%), from €77,452 to €0
- Reserves +€30,931
up €30,931 (+12.4%), from €250,360 to €281,291
- Short-term financial debts +€29,616
up €29,616 (+2,117%), from €1,399 to €31,016
- Debts after one year -€14,695
down €14,695 (-14.4%), from €102,078 to €87,383
- Trade debts -€5,566
down €5,566 (-20.9%), from €26,637 to €21,071
- Gross operating margin -€60,504
down €60,504 (-38.1%), from €158,970 to €98,466
- Depreciation -€18,290
down €18,290 (-30.1%), from €60,772 to €42,482
- Taxes -€10,078
down €10,078 (-48.9%), from €20,629 to €10,551
- Other operating charges +€4,804
up €4,804 (+154%), from €3,125 to €7,929
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 | €530,984 | €493,660 | -€37,324 | -7.0% |
| Fixed assets | 21/28 | €469,094 | €431,209 | -€37,885 | -8.1% |
| Tangible fixed assets | 22/27 | €469,094 | €431,209 | -€37,885 | -8.1% |
| Land and buildings | 22 | €460,753 | €425,021 | -€35,732 | -7.8% |
| Furniture and vehicles | 24 | €8,341 | €6,188 | -€2,153 | -25.8% |
| Current assets | 29/58 | €61,890 | €62,451 | +€561 | +0.9% |
| Amounts receivable within one year | 40/41 | €53,643 | €59,616 | +€5,973 | +11.1% |
| Trade receivables | 40 | €49,377 | €5,754 | -€43,623 | -88.3% |
| Other amounts receivable | 41 | €4,266 | €53,862 | +€49,596 | +1,163% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,623 | €9 | -€4,614 | -99.8% |
| Deferred charges and accrued income | 490/1 | €3,624 | €2,826 | -€798 | -22.0% |
| Total equity and liabilities | 10/49 | €530,984 | €493,660 | -€37,324 | -7.0% |
| Equity | 10/15 | €256,560 | €287,491 | +€30,931 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,360 | €281,291 | +€30,931 | +12.4% |
| Distributable reserves | 133 | €250,360 | €281,291 | +€30,931 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €274,424 | €206,169 | -€68,255 | -24.9% |
| Amounts payable after more than one year | 17 | €102,078 | €87,383 | -€14,695 | -14.4% |
| Financial debts | 170/4 | €102,078 | €87,383 | -€14,695 | -14.4% |
| Amounts payable within one year | 42/48 | €171,022 | €117,621 | -€53,401 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €21,903 | €22,858 | +€955 | +4.4% |
| Financial debts | 43 | €1,399 | €31,016 | +€29,616 | +2,117% |
| Credit institutions | 430/8 | €1,399 | €31,016 | +€29,616 | +2,117% |
| Trade debts | 44 | €26,637 | €21,071 | -€5,566 | -20.9% |
| Suppliers | 440/4 | €26,637 | €21,071 | -€5,566 | -20.9% |
| Taxes, remuneration and social security | 45 | €43,631 | €42,676 | -€955 | -2.2% |
| Taxes | 450/3 | €43,631 | €42,676 | -€955 | -2.2% |
| Other amounts payable | 47/48 | €77,452 | €0 | -€77,452 | -100% |
| Accrued charges and deferred income | 492/3 | €1,324 | €1,165 | -€159 | -12.0% |
| Non-recurring operating income | 76A | €6,911 | €0 | -€6,911 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,772 | €42,482 | -€18,290 | -30.1% |
| Other operating charges | 640/8 | €3,125 | €7,929 | +€4,804 | +154% |
| Gross operating margin | 9900 | €158,970 | €98,466 | -€60,504 | -38.1% |
| Operating profit (loss) | 9901 | €95,073 | €48,056 | -€47,018 | -49.5% |
| Financial income | 75/76B | €1 | €89 | +€87 | +6,268% |
| Recurring financial income | 75 | €1 | €89 | +€87 | +6,268% |
| Financial charges | 65/66B | €6,634 | €6,662 | +€28 | +0.4% |
| Recurring financial charges | 65 | €6,634 | €6,662 | +€28 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €88,441 | €41,482 | -€46,958 | -53.1% |
| Income taxes | 67/77 | €20,629 | €10,551 | -€10,078 | -48.9% |
| Profit (loss) for the period | 9904 | €67,811 | €30,931 | -€36,880 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,811 | €30,931 | -€36,880 | -54.4% |
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 16 October 2026 via checked.be.