PHARMA-SANA: 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-SANA
Largest movements
- Cash +€166,551
up €166,551 (+4,990%), from €3,338 to €169,888
mainly Net result for the year (+€135,482) and Tax, wage and social debts (+€53,607)
- Stocks and contracts -€42,178
no longer reported in 2025 (was €42,178)
- Receivables within one year -€15,773
down €15,773 (-34.4%), from €45,882 to €30,108
of which Trade receivables: -€26,363
- Tangible fixed assets -€12,914
down €12,914 (-4.5%), from €287,545 to €274,632
of which Land and buildings: -€13,755
- Financial fixed assets +€6,651
up €6,651 (+106%), from €6,303 to €12,954
- Reserves +€135,482
up €135,482 (+89.5%), from €151,336 to €286,818
- Tax, wage and social debts +€53,607
up €53,607 (+466%), from €11,496 to €65,102
of which Taxes: +€53,607
- Trade debts -€50,001
down €50,001 (-57.7%), from €86,652 to €36,651
- Current portion of long-term debt -€14,082
down €14,082 (-27.2%), from €51,825 to €37,743
- Debts after one year -€11,839
down €11,839 (-22.2%), from €53,429 to €41,590
- Gross operating margin +€153,074
up €153,074 (+169%), from €90,675 to €243,749
- Taxes +€54,022
up €54,022 (+374%), from €14,434 to €68,456
- Financial charges -€2,601
down €2,601 (-21.1%), from €12,316 to €9,714
of which Financial charges: -€2,295
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 | €385,907 | €487,904 | +€101,997 | +26.4% |
| Fixed assets | 21/28 | €293,848 | €287,586 | -€6,263 | -2.1% |
| Tangible fixed assets | 22/27 | €287,545 | €274,632 | -€12,914 | -4.5% |
| Land and buildings | 22 | €272,661 | €258,906 | -€13,755 | -5.0% |
| Plant, machinery and equipment | 23 | €13,290 | €10,941 | -€2,349 | -17.7% |
| Furniture and vehicles | 24 | €1,595 | €4,785 | +€3,190 | +200% |
| Financial fixed assets | 28 | €6,303 | €12,954 | +€6,651 | +106% |
| Current assets | 29/58 | €92,059 | €200,318 | +€108,259 | +118% |
| Stocks and contracts in progress | 3 | €42,178 | - | -€42,178 | |
| Stocks | 30/36 | €42,178 | - | -€42,178 | |
| Amounts receivable within one year | 40/41 | €45,882 | €30,108 | -€15,773 | -34.4% |
| Trade receivables | 40 | €43,207 | €16,844 | -€26,363 | -61.0% |
| Other amounts receivable | 41 | €2,674 | €13,264 | +€10,590 | +396% |
| Cash at bank and in hand | 54/58 | €3,338 | €169,888 | +€166,551 | +4,990% |
| Deferred charges and accrued income | 490/1 | €661 | €321 | -€340 | -51.4% |
| Total equity and liabilities | 10/49 | €385,907 | €487,904 | +€101,997 | +26.4% |
| Equity | 10/15 | €171,336 | €306,818 | +€135,482 | +79.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,336 | €286,818 | +€135,482 | +89.5% |
| Distributable reserves | 133 | €151,336 | €286,818 | +€135,482 | +89.5% |
| Amounts payable | 17/49 | €214,571 | €181,086 | -€33,486 | -15.6% |
| Amounts payable after more than one year | 17 | €53,429 | €41,590 | -€11,839 | -22.2% |
| Financial debts | 170/4 | €53,429 | €41,590 | -€11,839 | -22.2% |
| Amounts payable within one year | 42/48 | €161,143 | €139,496 | -€21,647 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €51,825 | €37,743 | -€14,082 | -27.2% |
| Financial debts | 43 | €11,000 | - | -€11,000 | |
| Credit institutions | 430/8 | €11,000 | - | -€11,000 | |
| Trade debts | 44 | €86,652 | €36,651 | -€50,001 | -57.7% |
| Suppliers | 440/4 | €86,652 | €36,651 | -€50,001 | -57.7% |
| Taxes, remuneration and social security | 45 | €11,496 | €65,102 | +€53,607 | +466% |
| Taxes | 450/3 | €8,916 | €62,522 | +€53,607 | +601% |
| Remuneration and social security | 454/9 | €2,580 | €2,580 | = | 0.0% |
| Other amounts payable | 47/48 | €170 | - | -€170 | |
| Non-recurring operating income | 76A | - | €229,375 | +€229,375 | |
| Remuneration, social security and pensions | 62 | €228 | - | -€228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,695 | €17,210 | -€1,485 | -7.9% |
| Other operating charges | 640/8 | €3,858 | €3,982 | +€124 | +3.2% |
| Non-recurring operating charges | 66A | €3,586 | €9,349 | +€5,763 | +161% |
| Gross operating margin | 9900 | €90,675 | €243,749 | +€153,074 | +169% |
| Operating profit (loss) | 9901 | €64,308 | €213,208 | +€148,900 | +232% |
| Financial income | 75/76B | €47 | €445 | +€398 | +849% |
| Recurring financial income | 75 | €47 | €445 | +€398 | +849% |
| Financial charges | 65/66B | €12,316 | €9,714 | -€2,601 | -21.1% |
| Recurring financial charges | 65 | €11,603 | €9,308 | -€2,295 | -19.8% |
| Non-recurring financial charges | 66B | €712 | €406 | -€306 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €52,039 | €203,938 | +€151,899 | +292% |
| Income taxes | 67/77 | €14,434 | €68,456 | +€54,022 | +374% |
| Profit (loss) for the period | 9904 | €37,605 | €135,482 | +€97,877 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €37,605 | €135,482 | +€97,877 | +260% |
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 17 October 2026 via checked.be.