PHARMACERTO: 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.
PHARMACERTO
Largest movements
- Current investments +€301,831
up €301,831 (+43.1%), from €700,000 to €1.0m
- Receivables within one year +€79,872
up €79,872 (+69.0%), from €115,720 to €195,592
of which Trade receivables: +€75,620
- Tangible fixed assets -€67,693
down €67,693 (-12.6%), from €538,677 to €470,984
of which Plant, machinery and equipment: -€60,110
- Cash -€61,830
down €61,830 (-13.0%), from €476,137 to €414,308
mainly Current investments (-€301,831) and Receivables within one year (-€79,872)
- Stocks and contracts +€28,028
up €28,028 (+12.2%), from €229,520 to €257,548
- Reserves +€195,955
up €195,955 (+586%), from €33,461 to €229,417
- Tax, wage and social debts +€38,364
up €38,364 (+86.0%), from €44,615 to €82,979
of which Taxes: +€40,495
- Other debts +€34,789
up €34,789 (+7.0%), from €500,496 to €535,285
- Financial income +€97,799
up €97,799 (+803%), from €12,179 to €109,978
of which Non-recurring financial income: +€75,291
- Gross operating margin +€69,398
up €69,398 (+15.7%), from €442,987 to €512,385
- Taxes +€53,137
up €53,137 (+142%), from €37,547 to €90,684
- Staff costs +€52,363
up €52,363 (+31.0%), from €168,983 to €221,346
- Depreciation -€6,365
down €6,365 (-8.2%), from €77,254 to €70,889
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 | €2,066,255 | €2,344,382 | +€278,127 | +13.5% |
| Fixed assets | 21/28 | €539,677 | €471,984 | -€67,693 | -12.5% |
| Tangible fixed assets | 22/27 | €538,677 | €470,984 | -€67,693 | -12.6% |
| Land and buildings | 22 | €146,671 | €136,405 | -€10,266 | -7.0% |
| Plant, machinery and equipment | 23 | €392,007 | €331,896 | -€60,110 | -15.3% |
| Furniture and vehicles | 24 | - | €2,683 | +€2,683 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,526,577 | €1,872,397 | +€345,820 | +22.7% |
| Stocks and contracts in progress | 3 | €229,520 | €257,548 | +€28,028 | +12.2% |
| Stocks | 30/36 | €229,520 | €257,548 | +€28,028 | +12.2% |
| Amounts receivable within one year | 40/41 | €115,720 | €195,592 | +€79,872 | +69.0% |
| Trade receivables | 40 | €112,698 | €188,319 | +€75,620 | +67.1% |
| Other amounts receivable | 41 | €3,022 | €7,273 | +€4,251 | +141% |
| Current investments | 50/53 | €700,000 | €1,001,831 | +€301,831 | +43.1% |
| Cash at bank and in hand | 54/58 | €476,137 | €414,308 | -€61,830 | -13.0% |
| Deferred charges and accrued income | 490/1 | €5,200 | €3,119 | -€2,081 | -40.0% |
| Total equity and liabilities | 10/49 | €2,066,255 | €2,344,382 | +€278,127 | +13.5% |
| Equity | 10/15 | €1,293,935 | €1,489,890 | +€195,955 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,461 | €229,417 | +€195,955 | +586% |
| Distributable reserves | 133 | €33,461 | €229,417 | +€195,955 | +586% |
| Profit (loss) carried forward | 14 | €1,254,273 | €1,254,273 | = | 0.0% |
| Amounts payable | 17/49 | €772,320 | €854,491 | +€82,171 | +10.6% |
| Amounts payable after more than one year | 17 | €20,313 | €9,783 | -€10,529 | -51.8% |
| Financial debts | 170/4 | €20,313 | €9,783 | -€10,529 | -51.8% |
| Amounts payable within one year | 42/48 | €724,603 | €818,027 | +€93,424 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,382 | €10,529 | +€147 | +1.4% |
| Trade debts | 44 | €169,110 | €189,234 | +€20,124 | +11.9% |
| Suppliers | 440/4 | €169,110 | €189,234 | +€20,124 | +11.9% |
| Taxes, remuneration and social security | 45 | €44,615 | €82,979 | +€38,364 | +86.0% |
| Taxes | 450/3 | €15,807 | €56,303 | +€40,495 | +256% |
| Remuneration and social security | 454/9 | €28,807 | €26,676 | -€2,131 | -7.4% |
| Other amounts payable | 47/48 | €500,496 | €535,285 | +€34,789 | +7.0% |
| Accrued charges and deferred income | 492/3 | €27,405 | €26,681 | -€723 | -2.6% |
| Non-recurring operating income | 76A | - | €1,683 | +€1,683 | |
| Remuneration, social security and pensions | 62 | €168,983 | €221,346 | +€52,363 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,254 | €70,889 | -€6,365 | -8.2% |
| Other operating charges | 640/8 | €3,592 | €3,061 | -€531 | -14.8% |
| Gross operating margin | 9900 | €442,987 | €512,385 | +€69,398 | +15.7% |
| Operating profit (loss) | 9901 | €193,158 | €217,089 | +€23,932 | +12.4% |
| Financial income | 75/76B | €12,179 | €109,978 | +€97,799 | +803% |
| Recurring financial income | 75 | €10,183 | €32,690 | +€22,508 | +221% |
| Non-recurring financial income | 76B | €1,997 | €77,288 | +€75,291 | +3,771% |
| Financial charges | 65/66B | €42,235 | €40,428 | -€1,807 | -4.3% |
| Recurring financial charges | 65 | €42,235 | €40,428 | -€1,807 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €163,102 | €286,639 | +€123,537 | +75.7% |
| Income taxes | 67/77 | €37,547 | €90,684 | +€53,137 | +142% |
| Profit (loss) for the period | 9904 | €125,555 | €195,955 | +€70,401 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,555 | €195,955 | +€70,401 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.