PHARILCO: 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.
PHARILCO
Largest movements
- Cash -€106,805
down €106,805 (-67.6%), from €158,001 to €51,196
mainly Contributions, distributions and other (-€120,000) and Investment in fixed assets (net) (-€106,188)
- Current investments -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Tangible fixed assets +€85,295
up €85,295 (+5127.2%), from €1,664 to €86,958
of which Furniture and vehicles: +€82,909
- Receivables within one year -€5,263
down €5,263 (-25.2%), from €20,921 to €15,657
of which Trade receivables: -€5,263
- Other debts -€62,671
down €62,671 (-27.6%), from €227,445 to €164,774
- Profit (loss) carried forward -€51,900
down €51,900 (-59.5%), from €87,190 to €35,290
- Tax, wage and social debts -€13,840
down €13,840 (-49.8%), from €27,776 to €13,936
- Depreciation +€19,311
up €19,311 (+1221.0%), from €1,582 to €20,893
- Financial income -€6,465
down €6,465 (-71.2%), from €9,076 to €2,612
- Gross operating margin +€6,330
up €6,330 (+6.2%), from €102,098 to €108,427
- Taxes -€1,788
down €1,788 (-7.7%), from €23,073 to €21,285
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 | €436,068 | €306,277 | -€129,791 | -29.8% |
| Fixed assets | 21/28 | €3,275 | €88,570 | +€85,295 | +2604.5% |
| Tangible fixed assets | 22/27 | €1,664 | €86,958 | +€85,295 | +5127.2% |
| Plant, machinery and equipment | 23 | - | €2,386 | +€2,386 | |
| Furniture and vehicles | 24 | €1,664 | €84,573 | +€82,909 | +4983.8% |
| Financial fixed assets | 28 | €1,611 | €1,611 | = | 0.0% |
| Current assets | 29/58 | €432,793 | €217,707 | -€215,086 | -49.7% |
| Amounts receivable within one year | 40/41 | €20,921 | €15,657 | -€5,263 | -25.2% |
| Trade receivables | 40 | €20,427 | €15,164 | -€5,263 | -25.8% |
| Other amounts receivable | 41 | €493 | €493 | = | 0.0% |
| Current investments | 50/53 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €158,001 | €51,196 | -€106,805 | -67.6% |
| Deferred charges and accrued income | 490/1 | €3,872 | €854 | -€3,018 | -77.9% |
| Total equity and liabilities | 10/49 | €436,068 | €306,277 | -€129,791 | -29.8% |
| Equity | 10/15 | €177,190 | €125,290 | -€51,900 | -29.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,190 | €35,290 | -€51,900 | -59.5% |
| Amounts payable | 17/49 | €258,878 | €180,987 | -€77,891 | -30.1% |
| Amounts payable within one year | 42/48 | €258,878 | €180,847 | -€78,031 | -30.1% |
| Trade debts | 44 | €3,657 | €2,137 | -€1,519 | -41.5% |
| Suppliers | 440/4 | €3,657 | €2,137 | -€1,519 | -41.5% |
| Taxes, remuneration and social security | 45 | €27,776 | €13,936 | -€13,840 | -49.8% |
| Taxes | 450/3 | €27,776 | €13,936 | -€13,840 | -49.8% |
| Other amounts payable | 47/48 | €227,445 | €164,774 | -€62,671 | -27.6% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,582 | €20,893 | +€19,311 | +1221.0% |
| Other operating charges | 640/8 | €967 | €558 | -€409 | -42.3% |
| Non-recurring operating charges | 66A | €18 | €0 | -€18 | -100.0% |
| Gross operating margin | 9900 | €102,098 | €108,427 | +€6,330 | +6.2% |
| Operating profit (loss) | 9901 | €99,532 | €86,977 | -€12,555 | -12.6% |
| Financial income | 75/76B | €9,076 | €2,612 | -€6,465 | -71.2% |
| Recurring financial income | 75 | €9,076 | €2,612 | -€6,465 | -71.2% |
| Financial charges | 65/66B | €204 | €204 | +€0 | +0.2% |
| Recurring financial charges | 65 | €204 | €204 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €108,405 | €89,385 | -€19,020 | -17.5% |
| Income taxes | 67/77 | €23,073 | €21,285 | -€1,788 | -7.7% |
| Profit (loss) for the period | 9904 | €85,332 | €68,100 | -€17,232 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,332 | €68,100 | -€17,232 | -20.2% |
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 12 October 2026 via checked.be.