PHARMALIA: what changed
What changed
PHARMALIA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€54,849
2024 · €94,302-€39,454
Equity
€718,869
2024 · €664,020+€54,849
Cash
€3,355
2024 · €171+€3,183
Balance sheet total
€1.0m
2024 · €906,585+€99,242
Largest movements
Assets
- Receivables within one year +€102,597
up €102,597 (+169%), from €60,864 to €163,460
of which Other amounts receivable: +€96,998
Equity and liabilities
- Advances received +€120,000
new in 2025: €120,000
- Current portion of long-term debt -€62,070
down €62,070 (-90.9%), from €68,280 to €6,210
- Other debts +€60,452
up €60,452 (+843%), from €7,167 to €67,619
- Reserves +€54,849
up €54,849 (+8.4%), from €651,620 to €706,469
of which Distributable reserves: +€54,849
- Debts after one year -€40,074
down €40,074 (-92.4%), from €43,373 to €3,299
Income statement
- Gross operating margin -€77,190
down €77,190 (-47.6%), from €162,122 to €84,932
- Taxes -€29,637
down €29,637 (-57.4%), from €51,609 to €21,972
- Financial income +€5,527
up €5,527, from €0 to €5,527
- Other operating charges -€2,643
down €2,643 (-67.2%), from €3,933 to €1,290
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€94,302
Gross operating margin
-€77,190
Depreciation
-€1,473
Other operating charges
+€2,643
Financial income
+€5,527
Financial charges
+€1,403
Taxes
+€29,637
Result 2025
€54,849
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,327
Investment
€0
Financing
-€102,144
Cash 2024
€171
From operations (derived)
+€105,327
Net result for the year
+€54,849
Depreciation
+€6,595
Receivables within one year
-€102,597
Smaller working-capital items
-€193
Tax, wage and social debts
-€34,256
Advances received
+€120,000
Other debts
+€60,452
Accrued charges and deferred income
+€477
Financing
-€102,144
Debts after one year
-€40,074
Current portion of long-term debt
-€62,070
Cash 2025
€3,355
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €906,585 | €1,005,827 | +€99,242 | +10.9% |
| Fixed assets | 21/28 | €844,853 | €838,258 | -€6,595 | -0.8% |
| Tangible fixed assets | 22/27 | €19,853 | €13,258 | -€6,595 | -33.2% |
| Furniture and vehicles | 24 | €19,853 | €13,258 | -€6,595 | -33.2% |
| Financial fixed assets | 28 | €825,000 | €825,000 | = | 0.0% |
| Current assets | 29/58 | €61,732 | €167,569 | +€105,837 | +171% |
| Amounts receivable within one year | 40/41 | €60,864 | €163,460 | +€102,597 | +169% |
| Trade receivables | 40 | €8,470 | €14,068 | +€5,598 | +66.1% |
| Other amounts receivable | 41 | €52,394 | €149,392 | +€96,998 | +185% |
| Cash at bank and in hand | 54/58 | €171 | €3,355 | +€3,183 | +1,856% |
| Deferred charges and accrued income | 490/1 | €697 | €754 | +€57 | +8.2% |
| Total equity and liabilities | 10/49 | €906,585 | €1,005,827 | +€99,242 | +10.9% |
| Equity | 10/15 | €664,020 | €718,869 | +€54,849 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €651,620 | €706,469 | +€54,849 | +8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €649,760 | €704,609 | +€54,849 | +8.4% |
| Amounts payable | 17/49 | €242,565 | €286,958 | +€44,393 | +18.3% |
| Amounts payable after more than one year | 17 | €43,373 | €3,299 | -€40,074 | -92.4% |
| Financial debts | 170/4 | €43,373 | €3,299 | -€40,074 | -92.4% |
| Amounts payable within one year | 42/48 | €195,802 | €279,792 | +€83,990 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €68,280 | €6,210 | -€62,070 | -90.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €136 | €0 | -€136 | -100% |
| Suppliers | 440/4 | €136 | €0 | -€136 | -100% |
| Advances received on contracts in progress | 46 | - | €120,000 | +€120,000 | |
| Taxes, remuneration and social security | 45 | €120,219 | €85,963 | -€34,256 | -28.5% |
| Taxes | 450/3 | €120,219 | €85,963 | -€34,256 | -28.5% |
| Other amounts payable | 47/48 | €7,167 | €67,619 | +€60,452 | +843% |
| Accrued charges and deferred income | 492/3 | €3,389 | €3,867 | +€477 | +14.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,122 | €6,595 | +€1,473 | +28.8% |
| Other operating charges | 640/8 | €3,933 | €1,290 | -€2,643 | -67.2% |
| Gross operating margin | 9900 | €162,122 | €84,932 | -€77,190 | -47.6% |
| Operating profit (loss) | 9901 | €153,068 | €77,048 | -€76,020 | -49.7% |
| Financial income | 75/76B | €0 | €5,527 | +€5,527 | |
| Recurring financial income | 75 | €0 | €5,527 | +€5,527 | |
| Financial charges | 65/66B | €7,156 | €5,753 | -€1,403 | -19.6% |
| Recurring financial charges | 65 | €7,156 | €5,753 | -€1,403 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €145,911 | €76,821 | -€69,090 | -47.4% |
| Income taxes | 67/77 | €51,609 | €21,972 | -€29,637 | -57.4% |
| Profit (loss) for the period | 9904 | €94,302 | €54,849 | -€39,454 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,302 | €54,849 | -€39,454 | -41.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.