PHARMAFOOD: 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.
PHARMAFOOD
Largest movements
- Tangible fixed assets -€209,003
down €209,003 (-43.8%), from €476,861 to €267,859
of which Land and buildings: -€423,467
- Receivables within one year -€51,488
down €51,488 (-36.5%), from €140,889 to €89,401
of which Other amounts receivable: -€50,188
- Cash -€28,782
down €28,782 (-92.1%), from €31,245 to €2,464
mainly Debts after one year (-€425,790) and Current portion of long-term debt (-€6,186)
- Debts after one year -€425,790
down €425,790 (-94.2%), from €452,146 to €26,356
- Profit (loss) carried forward +€81,097
up €81,097 (+86.4%), from €93,820 to €174,917
- Trade debts +€28,462
up €28,462 (+39.2%), from €72,682 to €101,144
- Tax, wage and social debts +€25,847
up €25,847 (+1787.1%), from €1,446 to €27,293
- Other debts +€7,296
up €7,296 (+84.2%), from €8,662 to €15,959
- Gross operating margin +€82,048
up €82,048 (+94.9%), from €86,464 to €168,512
- Taxes +€24,594
up €24,594 (+124.3%), from €19,788 to €44,382
- Financial charges -€23,611
down €23,611 (-85.3%), from €27,687 to €4,076
- Depreciation +€16,771
up €16,771 (+125.4%), from €13,372 to €30,143
- Financial income -€15,480
down €15,480 (-92.0%), from €16,828 to €1,347
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 | €648,996 | €359,723 | -€289,273 | -44.6% |
| Fixed assets | 21/28 | €476,861 | €267,859 | -€209,003 | -43.8% |
| Tangible fixed assets | 22/27 | €476,861 | €267,859 | -€209,003 | -43.8% |
| Land and buildings | 22 | €423,467 | €0 | -€423,467 | -100.0% |
| Plant, machinery and equipment | 23 | €15,242 | €0 | -€15,242 | -100.0% |
| Furniture and vehicles | 24 | €23,896 | €70,868 | +€46,971 | +196.6% |
| Other tangible fixed assets | 26 | €14,256 | €196,991 | +€182,735 | +1281.8% |
| Current assets | 29/58 | €172,135 | €91,864 | -€80,270 | -46.6% |
| Amounts receivable within one year | 40/41 | €140,889 | €89,401 | -€51,488 | -36.5% |
| Trade receivables | 40 | €59,037 | €57,736 | -€1,300 | -2.2% |
| Other amounts receivable | 41 | €81,853 | €31,664 | -€50,188 | -61.3% |
| Cash at bank and in hand | 54/58 | €31,245 | €2,464 | -€28,782 | -92.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €648,996 | €359,723 | -€289,273 | -44.6% |
| Equity | 10/15 | €96,820 | €177,917 | +€81,097 | +83.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,820 | €174,917 | +€81,097 | +86.4% |
| Amounts payable | 17/49 | €552,176 | €181,806 | -€370,370 | -67.1% |
| Amounts payable after more than one year | 17 | €452,146 | €26,356 | -€425,790 | -94.2% |
| Financial debts | 170/4 | €452,146 | €26,356 | -€425,790 | -94.2% |
| Amounts payable within one year | 42/48 | €100,030 | €155,450 | +€55,420 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €17,240 | €11,054 | -€6,186 | -35.9% |
| Trade debts | 44 | €72,682 | €101,144 | +€28,462 | +39.2% |
| Suppliers | 440/4 | €72,682 | €101,144 | +€28,462 | +39.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,446 | €27,293 | +€25,847 | +1787.1% |
| Taxes | 450/3 | €1,446 | €27,293 | +€25,847 | +1787.1% |
| Other amounts payable | 47/48 | €8,662 | €15,959 | +€7,296 | +84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,372 | €30,143 | +€16,771 | +125.4% |
| Other operating charges | 640/8 | €3,011 | €10,160 | +€7,149 | +237.4% |
| Gross operating margin | 9900 | €86,464 | €168,512 | +€82,048 | +94.9% |
| Operating profit (loss) | 9901 | €70,081 | €128,209 | +€58,128 | +82.9% |
| Financial income | 75/76B | €16,828 | €1,347 | -€15,480 | -92.0% |
| Recurring financial income | 75 | €16,828 | €1,347 | -€15,480 | -92.0% |
| Financial charges | 65/66B | €27,687 | €4,076 | -€23,611 | -85.3% |
| Recurring financial charges | 65 | €27,687 | €4,076 | -€23,611 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €59,222 | €125,480 | +€66,258 | +111.9% |
| Income taxes | 67/77 | €19,788 | €44,382 | +€24,594 | +124.3% |
| Profit (loss) for the period | 9904 | €39,433 | €81,097 | +€41,664 | +105.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,433 | €81,097 | +€41,664 | +105.7% |
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.