PHARISEAU: 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.
PHARISEAU
Largest movements
- Cash +€14,888
up €14,888 (+34.1%), from €43,689 to €58,577
mainly Other debts (+€46,068) and Net result for the year (+€25,149)
- Tangible fixed assets -€5,342
down €5,342 (-36.3%), from €14,730 to €9,388
of which Leasing and similar rights: -€5,276
- Receivables within one year +€5,161
up €5,161 (+62.8%), from €8,220 to €13,381
of which Trade receivables: +€8,096
- Stocks and contracts -€2,357
down €2,357 (-100.0%), from €2,357 to €0
- Deferred charges and accrued income +€1,335
up €1,335 (+69.2%), from €1,930 to €3,266
- Other debts +€46,068
up €46,068, from €0 to €46,068
- Reserves -€33,674
down €33,674 (-66.3%), from €50,755 to €17,081
- Tax, wage and social debts +€5,684
up €5,684, from €0 to €5,684
- Current portion of long-term debt -€4,080
down €4,080 (-74.7%), from €5,463 to €1,383
- Debts after one year -€1,383
down €1,383 (-100.0%), from €1,383 to €0
- Gross operating margin +€48,511
up €48,511, from -€13,292 to €35,218
- Other operating charges -€1,951
down €1,951 (-70.3%), from €2,777 to €826
- Taxes +€580
up €580, from €0 to €580
- Depreciation +€529
up €529 (+6.9%), from €7,634 to €8,164
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 | €71,235 | €84,721 | +€13,486 | +18.9% |
| Fixed assets | 21/28 | €15,038 | €9,497 | -€5,542 | -36.9% |
| Intangible fixed assets | 21 | €308 | €108 | -€200 | -64.8% |
| Tangible fixed assets | 22/27 | €14,730 | €9,388 | -€5,342 | -36.3% |
| Plant, machinery and equipment | 23 | €6,670 | €4,862 | -€1,808 | -27.1% |
| Furniture and vehicles | 24 | €1,309 | €3,052 | +€1,743 | +133.1% |
| Leasing and similar rights | 25 | €6,750 | €1,474 | -€5,276 | -78.2% |
| Current assets | 29/58 | €56,196 | €75,224 | +€19,028 | +33.9% |
| Stocks and contracts in progress | 3 | €2,357 | €0 | -€2,357 | -100.0% |
| Stocks | 30/36 | €2,357 | €0 | -€2,357 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,220 | €13,381 | +€5,161 | +62.8% |
| Trade receivables | 40 | €861 | €8,956 | +€8,096 | +940.5% |
| Other amounts receivable | 41 | €7,359 | €4,425 | -€2,934 | -39.9% |
| Cash at bank and in hand | 54/58 | €43,689 | €58,577 | +€14,888 | +34.1% |
| Deferred charges and accrued income | 490/1 | €1,930 | €3,266 | +€1,335 | +69.2% |
| Total equity and liabilities | 10/49 | €71,235 | €84,721 | +€13,486 | +18.9% |
| Equity | 10/15 | €63,755 | €30,081 | -€33,674 | -52.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €50,755 | €17,081 | -€33,674 | -66.3% |
| Distributable reserves | 133 | €50,755 | €17,081 | -€33,674 | -66.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,480 | €54,640 | +€47,160 | +630.5% |
| Amounts payable after more than one year | 17 | €1,383 | €0 | -€1,383 | -100.0% |
| Financial debts | 170/4 | €1,383 | €0 | -€1,383 | -100.0% |
| Amounts payable within one year | 42/48 | €6,097 | €54,640 | +€48,543 | +796.2% |
| Current portion of amounts payable after more than one year | 42 | €5,463 | €1,383 | -€4,080 | -74.7% |
| Trade debts | 44 | €634 | €1,506 | +€872 | +137.5% |
| Suppliers | 440/4 | €634 | €1,506 | +€872 | +137.5% |
| Taxes, remuneration and social security | 45 | €0 | €5,684 | +€5,684 | |
| Taxes | 450/3 | €0 | €5,684 | +€5,684 | |
| Other amounts payable | 47/48 | €0 | €46,068 | +€46,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,634 | €8,164 | +€529 | +6.9% |
| Other operating charges | 640/8 | €2,777 | €826 | -€1,951 | -70.3% |
| Gross operating margin | 9900 | -€13,292 | €35,218 | +€48,511 | |
| Operating profit (loss) | 9901 | -€23,704 | €26,229 | +€49,933 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +5400.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5400.0% |
| Financial charges | 65/66B | €793 | €500 | -€293 | -37.0% |
| Recurring financial charges | 65 | €793 | €500 | -€293 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,497 | €25,729 | +€50,227 | |
| Income taxes | 67/77 | €0 | €580 | +€580 | |
| Profit (loss) for the period | 9904 | -€24,497 | €25,149 | +€49,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,497 | €25,149 | +€49,646 |
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 10 October 2026 via checked.be.