PHARMA NASIR: 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 NASIR
Largest movements
- Tangible fixed assets -€5,198
down €5,198 (-14.8%), from €35,115 to €29,917
of which Furniture and vehicles: -€4,505
- Intangible fixed assets -€2,448
down €2,448 (-11.3%), from €21,622 to €19,174
- Cash -€2,112
down €2,112 (-10.2%), from €20,702 to €18,590
mainly Debts after one year (-€8,364) and Current portion of long-term debt (-€7,067)
- Debts after one year -€8,364
down €8,364 (-37.2%), from €22,455 to €14,091
- Current portion of long-term debt -€7,067
down €7,067 (-43.2%), from €16,352 to €9,285
- Profit (loss) carried forward +€2,519
up €2,519 (+4.0%), from €62,328 to €64,847
- Accrued charges and deferred income +€2,444
up €2,444 (+8,538%), from €29 to €2,473
- Trade debts +€2,414
up €2,414 (+23.4%), from €10,315 to €12,729
- Depreciation +€4,184
up €4,184 (+83.9%), from €4,990 to €9,174
- Staff costs -€3,579
no longer reported in 2025 (was €3,579)
- Gross operating margin -€2,279
down €2,279 (-13.0%), from €17,491 to €15,212
- Taxes -€349
down €349 (-11.4%), from €3,073 to €2,724
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 | €135,281 | €126,608 | -€8,672 | -6.4% |
| Fixed assets | 21/28 | €56,761 | €49,116 | -€7,646 | -13.5% |
| Intangible fixed assets | 21 | €21,622 | €19,174 | -€2,448 | -11.3% |
| Tangible fixed assets | 22/27 | €35,115 | €29,917 | -€5,198 | -14.8% |
| Land and buildings | 22 | €3,391 | €3,391 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,086 | €4,393 | -€693 | -13.6% |
| Furniture and vehicles | 24 | €26,637 | €22,132 | -€4,505 | -16.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €78,519 | €77,492 | -€1,027 | -1.3% |
| Stocks and contracts in progress | 3 | €26,978 | €27,431 | +€453 | +1.7% |
| Stocks | 30/36 | €26,978 | €27,431 | +€453 | +1.7% |
| Amounts receivable within one year | 40/41 | €29,308 | €29,705 | +€397 | +1.4% |
| Trade receivables | 40 | €10,287 | €14,893 | +€4,606 | +44.8% |
| Other amounts receivable | 41 | €19,021 | €14,812 | -€4,210 | -22.1% |
| Cash at bank and in hand | 54/58 | €20,702 | €18,590 | -€2,112 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,767 | +€236 | +15.4% |
| Total equity and liabilities | 10/49 | €135,281 | €126,608 | -€8,672 | -6.4% |
| Equity | 10/15 | €82,788 | €85,307 | +€2,519 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,328 | €64,847 | +€2,519 | +4.0% |
| Amounts payable | 17/49 | €52,493 | €41,301 | -€11,192 | -21.3% |
| Amounts payable after more than one year | 17 | €22,455 | €14,091 | -€8,364 | -37.2% |
| Financial debts | 170/4 | €22,455 | €14,091 | -€8,364 | -37.2% |
| Amounts payable within one year | 42/48 | €30,010 | €24,737 | -€5,272 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €16,352 | €9,285 | -€7,067 | -43.2% |
| Trade debts | 44 | €10,315 | €12,729 | +€2,414 | +23.4% |
| Suppliers | 440/4 | €10,315 | €12,729 | +€2,414 | +23.4% |
| Taxes, remuneration and social security | 45 | €3,343 | €2,724 | -€619 | -18.5% |
| Taxes | 450/3 | €3,343 | €2,724 | -€619 | -18.5% |
| Accrued charges and deferred income | 492/3 | €29 | €2,473 | +€2,444 | +8,538% |
| Remuneration, social security and pensions | 62 | €3,579 | - | -€3,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €9,174 | +€4,184 | +83.9% |
| Other operating charges | 640/8 | €0 | €3 | +€2 | +620% |
| Gross operating margin | 9900 | €17,491 | €15,212 | -€2,279 | -13.0% |
| Operating profit (loss) | 9901 | €8,921 | €6,035 | -€2,886 | -32.4% |
| Financial income | 75/76B | €896 | €925 | +€29 | +3.2% |
| Recurring financial income | 75 | €896 | €925 | +€29 | +3.2% |
| Financial charges | 65/66B | €1,615 | €1,717 | +€101 | +6.3% |
| Recurring financial charges | 65 | €1,615 | €1,717 | +€101 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €8,202 | €5,243 | -€2,959 | -36.1% |
| Income taxes | 67/77 | €3,073 | €2,724 | -€349 | -11.4% |
| Profit (loss) for the period | 9904 | €5,129 | €2,519 | -€2,610 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,129 | €2,519 | -€2,610 | -50.9% |
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 19 October 2026 via checked.be.