PHARMACHIM: 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.
PHARMACHIM
Largest movements
- Receivables within one year +€112,655
up €112,655 (+100.5%), from €112,069 to €224,724
of which Trade receivables: +€119,809
- Cash -€36,134
down €36,134 (-21.8%), from €165,664 to €129,530
mainly Receivables within one year (-€112,655) and Debts after one year (-€46,939)
- Stocks and contracts +€24,966
up €24,966 (+10.2%), from €245,786 to €270,752
- Tangible fixed assets -€15,197
down €15,197 (-8.2%), from €185,398 to €170,201
of which Land and buildings: -€14,590
- Trade debts +€92,601
up €92,601 (+101.7%), from €91,082 to €183,683
- Debts after one year -€46,939
down €46,939 (-17.5%), from €268,499 to €221,561
- Reserves +€38,000
up €38,000 (+15.1%), from €250,859 to €288,859
- Gross operating margin -€26,380
down €26,380 (-8.0%), from €329,580 to €303,200
- Staff costs +€13,090
up €13,090 (+7.4%), from €176,078 to €189,169
- Taxes -€8,688
down €8,688 (-27.9%), from €31,100 to €22,412
- Other operating charges -€8,059
down €8,059 (-79.0%), from €10,196 to €2,137
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 | €712,838 | €797,111 | +€84,273 | +11.8% |
| Fixed assets | 21/28 | €185,857 | €170,660 | -€15,197 | -8.2% |
| Tangible fixed assets | 22/27 | €185,398 | €170,201 | -€15,197 | -8.2% |
| Land and buildings | 22 | €166,054 | €151,464 | -€14,590 | -8.8% |
| Plant, machinery and equipment | 23 | €16,975 | €17,300 | +€326 | +1.9% |
| Furniture and vehicles | 24 | €2,369 | €1,437 | -€933 | -39.4% |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €526,982 | €626,451 | +€99,470 | +18.9% |
| Stocks and contracts in progress | 3 | €245,786 | €270,752 | +€24,966 | +10.2% |
| Stocks | 30/36 | €245,786 | €270,752 | +€24,966 | +10.2% |
| Amounts receivable within one year | 40/41 | €112,069 | €224,724 | +€112,655 | +100.5% |
| Trade receivables | 40 | €101,516 | €221,325 | +€119,809 | +118.0% |
| Other amounts receivable | 41 | €10,553 | €3,399 | -€7,154 | -67.8% |
| Cash at bank and in hand | 54/58 | €165,664 | €129,530 | -€36,134 | -21.8% |
| Deferred charges and accrued income | 490/1 | €3,462 | €1,445 | -€2,017 | -58.2% |
| Total equity and liabilities | 10/49 | €712,838 | €797,111 | +€84,273 | +11.8% |
| Equity | 10/15 | €260,274 | €295,335 | +€35,061 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,859 | €288,859 | +€38,000 | +15.1% |
| Distributable reserves | 133 | €250,859 | €288,859 | +€38,000 | +15.1% |
| Profit (loss) carried forward | 14 | €3,214 | €276 | -€2,939 | -91.4% |
| Amounts payable | 17/49 | €452,564 | €501,776 | +€49,212 | +10.9% |
| Amounts payable after more than one year | 17 | €268,499 | €221,561 | -€46,939 | -17.5% |
| Financial debts | 170/4 | €268,499 | €221,561 | -€46,939 | -17.5% |
| Amounts payable within one year | 42/48 | €183,083 | €280,136 | +€97,053 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €44,601 | €46,939 | +€2,338 | +5.2% |
| Trade debts | 44 | €91,082 | €183,683 | +€92,601 | +101.7% |
| Suppliers | 440/4 | €91,082 | €183,683 | +€92,601 | +101.7% |
| Taxes, remuneration and social security | 45 | €46,568 | €46,886 | +€318 | +0.7% |
| Taxes | 450/3 | €18,297 | €21,475 | +€3,178 | +17.4% |
| Remuneration and social security | 454/9 | €28,270 | €25,411 | -€2,860 | -10.1% |
| Other amounts payable | 47/48 | €833 | €2,629 | +€1,796 | +215.6% |
| Accrued charges and deferred income | 492/3 | €982 | €79 | -€903 | -92.0% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Remuneration, social security and pensions | 62 | €176,078 | €189,169 | +€13,090 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,270 | €19,102 | +€1,832 | +10.6% |
| Other operating charges | 640/8 | €10,196 | €2,137 | -€8,059 | -79.0% |
| Gross operating margin | 9900 | €329,580 | €303,200 | -€26,380 | -8.0% |
| Operating profit (loss) | 9901 | €126,036 | €92,793 | -€33,243 | -26.4% |
| Financial income | 75/76B | €482 | €514 | +€32 | +6.6% |
| Recurring financial income | 75 | €482 | €514 | +€32 | +6.6% |
| Financial charges | 65/66B | €19,679 | €17,000 | -€2,679 | -13.6% |
| Recurring financial charges | 65 | €19,679 | €17,000 | -€2,679 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €106,839 | €76,306 | -€30,533 | -28.6% |
| Income taxes | 67/77 | €31,100 | €22,412 | -€8,688 | -27.9% |
| Profit (loss) for the period | 9904 | €75,739 | €53,894 | -€21,845 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,739 | €53,894 | -€21,845 | -28.8% |
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.