PHARMAFLO MANAGEMENT: 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.
PHARMAFLO MANAGEMENT
Largest movements
- Cash +€38,541
up €38,541 (+114%), from €33,742 to €72,283
mainly Net result for the year (+€214,380) and Accrued charges and deferred income (+€16,567)
- Receivables within one year +€16,620
up €16,620 (+8.5%), from €194,893 to €211,512
of which Trade receivables: +€18,519
- Reserves +€214,380
up €214,380 (+58.1%), from €369,088 to €583,468
- Other debts -€168,021
down €168,021 (-16.0%), from €1.0m to €879,758
- Accrued charges and deferred income +€16,567
up €16,567 (+2,621%), from €632 to €17,199
- Gross operating margin -€208,879
down €208,879 (-42.3%), from €493,889 to €285,010
- Taxes -€57,336
down €57,336 (-46.5%), from €123,413 to €66,078
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 | €1,433,363 | €1,490,404 | +€57,041 | +4.0% |
| Fixed assets | 21/28 | €1,204,729 | €1,205,861 | +€1,133 | +0.1% |
| Tangible fixed assets | 22/27 | €1,883 | €3,016 | +€1,133 | +60.1% |
| Plant, machinery and equipment | 23 | - | €1,522 | +€1,522 | |
| Furniture and vehicles | 24 | €1,883 | €1,493 | -€390 | -20.7% |
| Financial fixed assets | 28 | €1,202,845 | €1,202,845 | = | 0.0% |
| Current assets | 29/58 | €228,635 | €284,543 | +€55,909 | +24.5% |
| Amounts receivable within one year | 40/41 | €194,893 | €211,512 | +€16,620 | +8.5% |
| Trade receivables | 40 | €38 | €18,557 | +€18,519 | +48,606% |
| Other amounts receivable | 41 | €194,854 | €192,955 | -€1,899 | -1.0% |
| Cash at bank and in hand | 54/58 | €33,742 | €72,283 | +€38,541 | +114% |
| Deferred charges and accrued income | 490/1 | - | €748 | +€748 | |
| Total equity and liabilities | 10/49 | €1,433,363 | €1,490,404 | +€57,041 | +4.0% |
| Equity | 10/15 | €372,088 | €586,468 | +€214,380 | +57.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €369,088 | €583,468 | +€214,380 | +58.1% |
| Distributable reserves | 133 | €369,088 | €583,468 | +€214,380 | +58.1% |
| Amounts payable | 17/49 | €1,061,275 | €903,937 | -€157,339 | -14.8% |
| Amounts payable within one year | 42/48 | €1,060,643 | €886,738 | -€173,905 | -16.4% |
| Taxes, remuneration and social security | 45 | €12,865 | €6,980 | -€5,885 | -45.7% |
| Taxes | 450/3 | €10,885 | €5,000 | -€5,885 | -54.1% |
| Remuneration and social security | 454/9 | €1,980 | €1,980 | = | 0.0% |
| Other amounts payable | 47/48 | €1,047,778 | €879,758 | -€168,021 | -16.0% |
| Accrued charges and deferred income | 492/3 | €632 | €17,199 | +€16,567 | +2,621% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €490 | +€424 | +642% |
| Other operating charges | 640/8 | €811 | €2,348 | +€1,538 | +190% |
| Gross operating margin | 9900 | €493,889 | €285,010 | -€208,879 | -42.3% |
| Operating profit (loss) | 9901 | €493,012 | €282,171 | -€210,841 | -42.8% |
| Financial charges | 65/66B | €511 | €1,714 | +€1,202 | +235% |
| Recurring financial charges | 65 | €511 | €1,714 | +€1,202 | +235% |
| Profit (loss) for the period before taxes | 9903 | €492,501 | €280,457 | -€212,044 | -43.1% |
| Income taxes | 67/77 | €123,413 | €66,078 | -€57,336 | -46.5% |
| Profit (loss) for the period | 9904 | €369,088 | €214,380 | -€154,708 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €369,088 | €214,380 | -€154,708 | -41.9% |
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 13 October 2026 via checked.be.