PHARIS: what changed
What changed
PHARIS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.9m-€15,418
Equity
€5.6m
2024 · €4.0m+€1.6m
Cash
€2,496
2024 · €54,540-€52,044
Balance sheet total
€9.0m
2024 · €8.3m+€742,503
Largest movements
Assets
- Receivables within one year +€704,111
up €704,111 (+9,550%), from €7,373 to €711,484
of which Other amounts receivable: +€704,373
- Tangible fixed assets +€92,734
up €92,734 (+2.1%), from €4.4m to €4.4m
of which Land and buildings: +€110,091
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+39.3%), from €3.9m to €5.5m
of which Distributable reserves: +€1.6m
- Other debts -€455,812
down €455,812 (-55.4%), from €823,106 to €367,293
- Debts after one year -€400,293
down €400,293 (-13.8%), from €2.9m to €2.5m
Income statement
- Gross operating margin +€213,649
up €213,649 (+53.9%), from €396,503 to €610,151
- Financial income -€136,229
down €136,229 (-7.8%), from €1.8m to €1.6m
- Taxes +€46,672
up €46,672 (+98.4%), from €47,449 to €94,122
- Financial charges +€35,741
up €35,741 (+60.0%), from €59,563 to €95,304
- Other operating charges +€14,034
up €14,034 (+160%), from €8,776 to €22,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.9m
Gross operating margin
+€213,649
Depreciation
+€3,609
Other operating charges
-€14,034
Financial income
-€136,229
Financial charges
-€35,741
Taxes
-€46,672
Result 2025
€1.9m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€935,975
Investment
-€247,025
Financing
-€740,995
Cash 2024
€54,540
From operations (derived)
+€935,975
Net result for the year
+€1.9m
Depreciation
+€154,291
Receivables within one year
-€704,111
Smaller working-capital items
+€4,459
Trade debts
+€24,087
Tax, wage and social debts
+€55,047
Other debts
-€455,812
Investment (derived)
-€247,025
Investment in fixed assets (net)
-€247,025
Financing
-€740,995
Debts after one year
-€400,293
Current portion of long-term debt
+€2,077
Short-term financial debts
-€38,400
Contributions, distributions and other
-€304,378
Cash 2025
€2,496
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,286,501 | €9,029,003 | +€742,503 | +9.0% |
| Fixed assets | 21/28 | €8,164,176 | €8,256,910 | +€92,734 | +1.1% |
| Tangible fixed assets | 22/27 | €4,353,826 | €4,446,560 | +€92,734 | +2.1% |
| Land and buildings | 22 | €4,271,682 | €4,381,773 | +€110,091 | +2.6% |
| Furniture and vehicles | 24 | €82,145 | €64,788 | -€17,357 | -21.1% |
| Financial fixed assets | 28 | €3,810,350 | €3,810,350 | = | 0.0% |
| Current assets | 29/58 | €122,325 | €772,093 | +€649,769 | +531% |
| Amounts receivable within one year | 40/41 | €7,373 | €711,484 | +€704,111 | +9,550% |
| Trade receivables | 40 | €4,256 | €3,993 | -€263 | -6.2% |
| Other amounts receivable | 41 | €3,118 | €707,491 | +€704,373 | +22,594% |
| Current investments | 50/53 | €52,837 | €52,837 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,540 | €2,496 | -€52,044 | -95.4% |
| Deferred charges and accrued income | 490/1 | €7,575 | €5,277 | -€2,298 | -30.3% |
| Total equity and liabilities | 10/49 | €8,286,501 | €9,029,003 | +€742,503 | +9.0% |
| Equity | 10/15 | €4,010,521 | €5,564,158 | +€1.6m | +38.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,949,021 | €5,502,658 | +€1.6m | +39.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,939,021 | €5,492,658 | +€1.6m | +39.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,275,979 | €3,464,845 | -€811,134 | -19.0% |
| Amounts payable after more than one year | 17 | €2,891,213 | €2,490,920 | -€400,293 | -13.8% |
| Financial debts | 170/4 | €2,891,213 | €2,490,920 | -€400,293 | -13.8% |
| Amounts payable within one year | 42/48 | €1,383,839 | €970,837 | -€413,002 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €398,216 | €400,293 | +€2,077 | +0.5% |
| Financial debts | 43 | €129,600 | €91,200 | -€38,400 | -29.6% |
| Credit institutions | 430/8 | €129,600 | €91,200 | -€38,400 | -29.6% |
| Trade debts | 44 | €4,981 | €29,068 | +€24,087 | +484% |
| Suppliers | 440/4 | €4,981 | €29,068 | +€24,087 | +484% |
| Taxes, remuneration and social security | 45 | €27,936 | €82,983 | +€55,047 | +197% |
| Taxes | 450/3 | €27,936 | €82,983 | +€55,047 | +197% |
| Other amounts payable | 47/48 | €823,106 | €367,293 | -€455,812 | -55.4% |
| Accrued charges and deferred income | 492/3 | €927 | €3,088 | +€2,161 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,900 | €154,291 | -€3,609 | -2.3% |
| Other operating charges | 640/8 | €8,776 | €22,810 | +€14,034 | +160% |
| Gross operating margin | 9900 | €396,503 | €610,151 | +€213,649 | +53.9% |
| Operating profit (loss) | 9901 | €229,827 | €433,050 | +€203,224 | +88.4% |
| Financial income | 75/76B | €1,750,619 | €1,614,390 | -€136,229 | -7.8% |
| Recurring financial income | 75 | €1,750,619 | €1,614,390 | -€136,229 | -7.8% |
| Financial charges | 65/66B | €59,563 | €95,304 | +€35,741 | +60.0% |
| Recurring financial charges | 65 | €59,563 | €95,304 | +€35,741 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €1,920,883 | €1,952,137 | +€31,254 | +1.6% |
| Income taxes | 67/77 | €47,449 | €94,122 | +€46,672 | +98.4% |
| Profit (loss) for the period | 9904 | €1,873,433 | €1,858,015 | -€15,418 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,873,433 | €1,858,015 | -€15,418 | -0.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.