PHARMADECOR: 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.
PHARMADECOR
Largest movements
- Receivables within one year +€166,859
up €166,859 (+6.2%), from €2.7m to €2.9m
of which Other amounts receivable: +€185,139
- Reserves +€121,629
up €121,629 (+3.2%), from €3.8m to €3.9m
of which Distributable reserves: +€121,629
- Gross operating margin -€153,409
down €153,409 (-34.5%), from €445,190 to €291,781
- Taxes -€43,914
down €43,914 (-53.2%), from €82,539 to €38,626
- Staff costs +€12,262
up €12,262 (+8.1%), from €151,675 to €163,937
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 | €3,945,856 | €4,092,408 | +€146,551 | +3.7% |
| Fixed assets | 21/28 | €1,379 | €1,379 | = | 0.0% |
| Financial fixed assets | 28 | €1,379 | €1,379 | = | 0.0% |
| Current assets | 29/58 | €3,944,478 | €4,091,029 | +€146,551 | +3.7% |
| Stocks and contracts in progress | 3 | €4,005 | €3,780 | -€225 | -5.6% |
| Stocks | 30/36 | €4,005 | €3,780 | -€225 | -5.6% |
| Amounts receivable within one year | 40/41 | €2,692,519 | €2,859,377 | +€166,859 | +6.2% |
| Trade receivables | 40 | €103,434 | €85,153 | -€18,281 | -17.7% |
| Other amounts receivable | 41 | €2,589,085 | €2,774,224 | +€185,139 | +7.2% |
| Current investments | 50/53 | €1,191,796 | €1,163,749 | -€28,047 | -2.4% |
| Cash at bank and in hand | 54/58 | €56,158 | €64,123 | +€7,965 | +14.2% |
| Total equity and liabilities | 10/49 | €3,945,856 | €4,092,408 | +€146,551 | +3.7% |
| Equity | 10/15 | €3,798,554 | €3,920,183 | +€121,629 | +3.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,761,370 | €3,882,999 | +€121,629 | +3.2% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,757,652 | €3,879,280 | +€121,629 | +3.2% |
| Amounts payable | 17/49 | €147,302 | €172,225 | +€24,923 | +16.9% |
| Amounts payable within one year | 42/48 | €147,302 | €172,225 | +€24,923 | +16.9% |
| Trade debts | 44 | €110,364 | €138,375 | +€28,011 | +25.4% |
| Suppliers | 440/4 | €110,364 | €138,375 | +€28,011 | +25.4% |
| Advances received on contracts in progress | 46 | €1,155 | €1,155 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,026 | €3,938 | -€3,088 | -44.0% |
| Taxes | 450/3 | €3,403 | €2,500 | -€903 | -26.5% |
| Remuneration and social security | 454/9 | €3,623 | €1,438 | -€2,186 | -60.3% |
| Other amounts payable | 47/48 | €28,757 | €28,757 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €151,675 | €163,937 | +€12,262 | +8.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €445,190 | €291,781 | -€153,409 | -34.5% |
| Operating profit (loss) | 9901 | €292,548 | €126,846 | -€165,702 | -56.6% |
| Financial income | 75/76B | €35,657 | €35,959 | +€302 | +0.8% |
| Recurring financial income | 75 | €35,657 | €35,959 | +€302 | +0.8% |
| Financial charges | 65/66B | €544 | €2,551 | +€2,007 | +369.0% |
| Recurring financial charges | 65 | €544 | €2,551 | +€2,007 | +369.0% |
| Profit (loss) for the period before taxes | 9903 | €327,661 | €160,254 | -€167,407 | -51.1% |
| Income taxes | 67/77 | €82,539 | €38,626 | -€43,914 | -53.2% |
| Profit (loss) for the period | 9904 | €245,122 | €121,629 | -€123,493 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €245,122 | €121,629 | -€123,493 | -50.4% |
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 8 October 2026 via checked.be.