Pharma More Management: 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.
Pharma More Management
Largest movements
- Receivables within one year +€63,162
up €63,162 (+1,021%), from €6,185 to €69,346
of which Trade receivables: +€52,432
- Tangible fixed assets -€29,755
down €29,755 (-10.6%), from €280,172 to €250,417
of which Land and buildings: -€25,625
- Cash -€3,701
down €3,701 (-24.9%), from €14,852 to €11,151
mainly Receivables within one year (-€63,162) and Debts after one year (-€18,465)
- Debts after one year -€18,465
down €18,465 (-8.8%), from €210,540 to €192,074
- Reserves +€15,478
up €15,478 (+26.7%), from €57,982 to €73,460
- Short-term financial debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts +€9,753
up €9,753 (+209%), from €4,677 to €14,430
of which Taxes: +€7,753
- Trade debts +€9,280
up €9,280 (+152%), from €6,123 to €15,404
- Gross operating margin +€16,025
up €16,025 (+41.4%), from €38,717 to €54,742
- Taxes +€5,369
up €5,369 (+1,765%), from €304 to €5,673
- Other operating charges -€2,385
down €2,385 (-99.2%), from €2,404 to €19
- Financial charges -€1,433
down €1,433 (-21.5%), from €6,677 to €5,244
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.
Derived cash bridge
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 | €303,390 | €330,915 | +€27,526 | +9.1% |
| Fixed assets | 21/28 | €280,172 | €250,417 | -€29,755 | -10.6% |
| Tangible fixed assets | 22/27 | €280,172 | €250,417 | -€29,755 | -10.6% |
| Land and buildings | 22 | €271,809 | €246,184 | -€25,625 | -9.4% |
| Plant, machinery and equipment | 23 | €1,924 | €1,197 | -€726 | -37.8% |
| Furniture and vehicles | 24 | €6,440 | €3,036 | -€3,404 | -52.9% |
| Current assets | 29/58 | €23,217 | €80,498 | +€57,280 | +247% |
| Amounts receivable within one year | 40/41 | €6,185 | €69,346 | +€63,162 | +1,021% |
| Trade receivables | 40 | €4,741 | €57,173 | +€52,432 | +1,106% |
| Other amounts receivable | 41 | €1,443 | €12,173 | +€10,730 | +743% |
| Cash at bank and in hand | 54/58 | €14,852 | €11,151 | -€3,701 | -24.9% |
| Deferred charges and accrued income | 490/1 | €2,181 | €0 | -€2,181 | -100% |
| Total equity and liabilities | 10/49 | €303,390 | €330,915 | +€27,526 | +9.1% |
| Equity | 10/15 | €55,659 | €71,137 | +€15,478 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,982 | €73,460 | +€15,478 | +26.7% |
| Distributable reserves | 133 | €57,982 | €73,460 | +€15,478 | +26.7% |
| Profit (loss) carried forward | 14 | -€20,923 | -€20,923 | = | 0.0% |
| Amounts payable | 17/49 | €247,731 | €259,778 | +€12,047 | +4.9% |
| Amounts payable after more than one year | 17 | €210,540 | €192,074 | -€18,465 | -8.8% |
| Financial debts | 170/4 | €210,540 | €192,074 | -€18,465 | -8.8% |
| Amounts payable within one year | 42/48 | €34,846 | €67,704 | +€32,858 | +94.3% |
| Current portion of amounts payable after more than one year | 42 | €18,077 | €18,465 | +€389 | +2.1% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €6,123 | €15,404 | +€9,280 | +152% |
| Suppliers | 440/4 | €6,123 | €15,404 | +€9,280 | +152% |
| Taxes, remuneration and social security | 45 | €4,677 | €14,430 | +€9,753 | +209% |
| Taxes | 450/3 | €4,677 | €12,430 | +€7,753 | +166% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €5,969 | €4,405 | -€1,564 | -26.2% |
| Accrued charges and deferred income | 492/3 | €2,346 | €0 | -€2,346 | -100% |
| Non-recurring operating income | 76A | - | €1,573 | +€1,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,227 | €28,328 | +€100 | +0.4% |
| Other operating charges | 640/8 | €2,404 | €19 | -€2,385 | -99.2% |
| Gross operating margin | 9900 | €38,717 | €54,742 | +€16,025 | +41.4% |
| Operating profit (loss) | 9901 | €8,085 | €26,395 | +€18,310 | +226% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,677 | €5,244 | -€1,433 | -21.5% |
| Recurring financial charges | 65 | €6,677 | €5,244 | -€1,433 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,409 | €21,151 | +€19,743 | +1,402% |
| Income taxes | 67/77 | €304 | €5,673 | +€5,369 | +1,765% |
| Profit (loss) for the period | 9904 | €1,104 | €15,478 | +€14,374 | +1,302% |
| Profit (loss) for the period to be appropriated | 9905 | €1,104 | €15,478 | +€14,374 | +1,302% |
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 27 October 2026 via checked.be.