PHARM.ASSY: 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.
PHARM.ASSY
Largest movements
- Tangible fixed assets +€44,723
up €44,723 (+404.8%), from €11,049 to €55,772
of which Other tangible fixed assets: +€49,375
- Intangible fixed assets -€18,000
down €18,000 (-30.8%), from €58,500 to €40,500
- Receivables within one year -€4,065
down €4,065 (-10.4%), from €39,158 to €35,093
of which Trade receivables: -€2,371
- Debts after one year -€25,347
down €25,347 (-48.0%), from €52,792 to €27,445
- Reserves +€20,000
up €20,000 (+1078.2%), from €1,855 to €21,855
of which Distributable reserves: +€20,000
- Tax, wage and social debts +€17,064
up €17,064 (+112.5%), from €15,161 to €32,225
of which Taxes: +€14,519
- Trade debts +€10,188
up €10,188 (+50.8%), from €20,070 to €30,258
- Profit (loss) carried forward +€4,694
up €4,694 (+4.5%), from €104,547 to €109,241
- Turnover -€646,533
no longer reported in 2025 (was €646,533)
- Purchases and services -€550,386
no longer reported in 2025 (was €550,386)
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 | €242,082 | €268,957 | +€26,875 | +11.1% |
| Fixed assets | 21/28 | €70,914 | €97,637 | +€26,723 | +37.7% |
| Intangible fixed assets | 21 | €58,500 | €40,500 | -€18,000 | -30.8% |
| Tangible fixed assets | 22/27 | €11,049 | €55,772 | +€44,723 | +404.8% |
| Plant, machinery and equipment | 23 | €796 | €0 | -€796 | -100.0% |
| Furniture and vehicles | 24 | €10,253 | €6,397 | -€3,857 | -37.6% |
| Other tangible fixed assets | 26 | - | €49,375 | +€49,375 | |
| Financial fixed assets | 28 | €1,365 | €1,365 | = | 0.0% |
| Current assets | 29/58 | €171,168 | €171,320 | +€152 | +0.1% |
| Stocks and contracts in progress | 3 | €86,693 | €88,811 | +€2,118 | +2.4% |
| Stocks | 30/36 | €86,693 | €88,811 | +€2,118 | +2.4% |
| Amounts receivable within one year | 40/41 | €39,158 | €35,093 | -€4,065 | -10.4% |
| Trade receivables | 40 | €37,442 | €35,071 | -€2,371 | -6.3% |
| Other amounts receivable | 41 | €1,716 | €21 | -€1,694 | -98.8% |
| Cash at bank and in hand | 54/58 | €45,317 | €47,416 | +€2,099 | +4.6% |
| Total equity and liabilities | 10/49 | €242,082 | €268,957 | +€26,875 | +11.1% |
| Equity | 10/15 | €124,952 | €149,646 | +€24,694 | +19.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €1,855 | €21,855 | +€20,000 | +1078.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €104,547 | €109,241 | +€4,694 | +4.5% |
| Amounts payable | 17/49 | €117,130 | €119,311 | +€2,181 | +1.9% |
| Amounts payable after more than one year | 17 | €52,792 | €27,445 | -€25,347 | -48.0% |
| Financial debts | 170/4 | €52,792 | €27,445 | -€25,347 | -48.0% |
| Amounts payable within one year | 42/48 | €64,338 | €91,866 | +€27,528 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €26,474 | €25,347 | -€1,126 | -4.3% |
| Trade debts | 44 | €20,070 | €30,258 | +€10,188 | +50.8% |
| Suppliers | 440/4 | €20,070 | €30,258 | +€10,188 | +50.8% |
| Taxes, remuneration and social security | 45 | €15,161 | €32,225 | +€17,064 | +112.5% |
| Taxes | 450/3 | €10,257 | €24,776 | +€14,519 | +141.6% |
| Remuneration and social security | 454/9 | €4,904 | €7,449 | +€2,544 | +51.9% |
| Other amounts payable | 47/48 | €2,633 | €4,036 | +€1,403 | +53.3% |
| Turnover | 70 | €646,533 | - | -€646,533 | |
| Goods, raw materials, services and sundry goods | 60/61 | €550,386 | - | -€550,386 | |
| Remuneration, social security and pensions | 62 | €31,043 | €32,122 | +€1,079 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,336 | €28,198 | +€1,862 | +7.1% |
| Other operating charges | 640/8 | €660 | €1,042 | +€382 | +57.9% |
| Gross operating margin | 9900 | €96,147 | €101,093 | +€4,945 | +5.1% |
| Operating profit (loss) | 9901 | €38,108 | €39,730 | +€1,622 | +4.3% |
| Financial income | 75/76B | €3,662 | €2,903 | -€759 | -20.7% |
| Recurring financial income | 75 | €3,662 | €2,903 | -€759 | -20.7% |
| Financial charges | 65/66B | €5,255 | €2,951 | -€2,304 | -43.9% |
| Recurring financial charges | 65 | €5,255 | €2,951 | -€2,304 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €36,515 | €39,683 | +€3,168 | +8.7% |
| Income taxes | 67/77 | €10,513 | €14,482 | +€3,969 | +37.8% |
| Profit (loss) for the period | 9904 | €26,002 | €25,201 | -€801 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,002 | €25,201 | -€801 | -3.1% |
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.