PharmA-B-C: what changed
Two fiscal 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.
PharmA-B-C
Largest movements
- Cash +€47,597
up €47,597 (+131.6%), from €36,169 to €83,766
mainly Receivables within one year (+€43,044) and Other debts (+€23,911)
- Receivables within one year -€43,044
down €43,044 (-83.5%), from €51,522 to €8,479
of which Trade receivables: -€42,015
- Deferred charges and accrued income +€37,039
up €37,039 (+95.3%), from €38,863 to €75,902
- Tangible fixed assets -€4,138
down €4,138 (-19.0%), from €21,727 to €17,589
of which Furniture and vehicles: -€2,361
- Other debts +€23,911
up €23,911 (+14.9%), from €160,496 to €184,408
- Tax, wage and social debts +€7,959
up €7,959 (+101.4%), from €7,851 to €15,809
of which Remuneration and social security: +€4,127
- Trade debts +€2,438
up €2,438 (+114.3%), from €2,133 to €4,571
- Profit (loss) carried forward +€1,873
up €1,873 (+7.1%), from -€26,509 to -€24,637
- Other operating charges +€8,776
up €8,776 (+202.7%), from €4,330 to €13,107
- Gross operating margin +€5,406
up €5,406 (+17.6%), from €30,713 to €36,120
- Depreciation -€1,582
down €1,582 (-18.7%), from €8,468 to €6,887
- Taxes -€1,519
no longer reported in 2025 (was €1,519)
- Financial charges -€502
down €502 (-3.4%), from €14,756 to €14,254
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 | €150,478 | €186,659 | +€36,181 | +24.0% |
| Fixed assets | 21/28 | €23,924 | €18,512 | -€5,411 | -22.6% |
| Intangible fixed assets | 21 | €2,122 | €849 | -€1,273 | -60.0% |
| Tangible fixed assets | 22/27 | €21,727 | €17,589 | -€4,138 | -19.0% |
| Furniture and vehicles | 24 | €3,198 | €838 | -€2,361 | -73.8% |
| Other tangible fixed assets | 26 | €18,529 | €16,751 | -€1,777 | -9.6% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €126,555 | €168,147 | +€41,592 | +32.9% |
| Amounts receivable within one year | 40/41 | €51,522 | €8,479 | -€43,044 | -83.5% |
| Trade receivables | 40 | €50,308 | €8,294 | -€42,015 | -83.5% |
| Other amounts receivable | 41 | €1,214 | €185 | -€1,029 | -84.8% |
| Cash at bank and in hand | 54/58 | €36,169 | €83,766 | +€47,597 | +131.6% |
| Deferred charges and accrued income | 490/1 | €38,863 | €75,902 | +€37,039 | +95.3% |
| Total equity and liabilities | 10/49 | €150,478 | €186,659 | +€36,181 | +24.0% |
| Equity | 10/15 | -€20,001 | -€18,129 | +€1,873 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308 | €308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €308 | €308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €308 | €308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,509 | -€24,637 | +€1,873 | +7.1% |
| Amounts payable | 17/49 | €170,480 | €204,788 | +€34,308 | +20.1% |
| Amounts payable within one year | 42/48 | €170,480 | €204,788 | +€34,308 | +20.1% |
| Trade debts | 44 | €2,133 | €4,571 | +€2,438 | +114.3% |
| Suppliers | 440/4 | €2,133 | €4,571 | +€2,438 | +114.3% |
| Taxes, remuneration and social security | 45 | €7,851 | €15,809 | +€7,959 | +101.4% |
| Taxes | 450/3 | €7,851 | €11,683 | +€3,832 | +48.8% |
| Remuneration and social security | 454/9 | - | €4,127 | +€4,127 | |
| Other amounts payable | 47/48 | €160,496 | €184,408 | +€23,911 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,468 | €6,887 | -€1,582 | -18.7% |
| Other operating charges | 640/8 | €4,330 | €13,107 | +€8,776 | +202.7% |
| Gross operating margin | 9900 | €30,713 | €36,120 | +€5,406 | +17.6% |
| Operating profit (loss) | 9901 | €17,915 | €16,127 | -€1,788 | -10.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,756 | €14,254 | -€502 | -3.4% |
| Recurring financial charges | 65 | €14,756 | €14,254 | -€502 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €3,159 | €1,873 | -€1,286 | -40.7% |
| Income taxes | 67/77 | €1,519 | - | -€1,519 | |
| Profit (loss) for the period | 9904 | €1,639 | €1,873 | +€233 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,639 | €1,873 | +€233 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.