PharMaPe: 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.
PharMaPe
Largest movements
- Cash +€26,900
up €26,900 (+137.2%), from €19,606 to €46,506
mainly Net result for the year (+€13,694) and Investment in fixed assets (net) (+€7,226)
- Tangible fixed assets -€8,858
down €8,858 (-53.4%), from €16,593 to €7,735
of which Furniture and vehicles: -€10,435
- Reserves +€13,694
up €13,694 (+46.5%), from €29,474 to €43,168
- Tax, wage and social debts +€4,771
up €4,771 (+34.9%), from €13,676 to €18,447
- Trade debts +€1,548
up €1,548 (+870.3%), from €178 to €1,726
- Other debts -€1,084
down €1,084 (-41.8%), from €2,590 to €1,507
- Gross operating margin -€20,146
down €20,146 (-47.1%), from €42,746 to €22,601
- Depreciation -€2,866
down €2,866 (-63.7%), from €4,498 to €1,632
- Taxes -€2,847
down €2,847 (-34.9%), from €8,157 to €5,310
- Financial charges +€1,071
up €1,071 (+2894.3%), from €37 to €1,108
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 | €47,419 | €66,348 | +€18,929 | +39.9% |
| Fixed assets | 21/28 | €16,593 | €7,735 | -€8,858 | -53.4% |
| Tangible fixed assets | 22/27 | €16,593 | €7,735 | -€8,858 | -53.4% |
| Furniture and vehicles | 24 | €10,435 | €0 | -€10,435 | -100.0% |
| Other tangible fixed assets | 26 | €6,158 | €7,735 | +€1,577 | +25.6% |
| Current assets | 29/58 | €30,825 | €58,613 | +€27,787 | +90.1% |
| Amounts receivable within one year | 40/41 | €10,963 | €11,235 | +€272 | +2.5% |
| Trade receivables | 40 | €10,927 | €11,235 | +€308 | +2.8% |
| Other amounts receivable | 41 | €36 | €0 | -€36 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,606 | €46,506 | +€26,900 | +137.2% |
| Deferred charges and accrued income | 490/1 | €256 | €872 | +€616 | +240.3% |
| Total equity and liabilities | 10/49 | €47,419 | €66,348 | +€18,929 | +39.9% |
| Equity | 10/15 | €30,974 | €44,668 | +€13,694 | +44.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €29,474 | €43,168 | +€13,694 | +46.5% |
| Distributable reserves | 133 | €29,474 | €43,168 | +€13,694 | +46.5% |
| Amounts payable | 17/49 | €16,444 | €21,680 | +€5,235 | +31.8% |
| Amounts payable within one year | 42/48 | €16,444 | €21,680 | +€5,235 | +31.8% |
| Trade debts | 44 | €178 | €1,726 | +€1,548 | +870.3% |
| Suppliers | 440/4 | €178 | €1,726 | +€1,548 | +870.3% |
| Taxes, remuneration and social security | 45 | €13,676 | €18,447 | +€4,771 | +34.9% |
| Taxes | 450/3 | €13,676 | €18,447 | +€4,771 | +34.9% |
| Other amounts payable | 47/48 | €2,590 | €1,507 | -€1,084 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,498 | €1,632 | -€2,866 | -63.7% |
| Other operating charges | 640/8 | €581 | €709 | +€128 | +22.0% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €42,746 | €22,601 | -€20,146 | -47.1% |
| Operating profit (loss) | 9901 | €37,668 | €20,111 | -€17,557 | -46.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €37 | €1,108 | +€1,071 | +2894.3% |
| Recurring financial charges | 65 | €37 | €1,108 | +€1,071 | +2894.3% |
| Profit (loss) for the period before taxes | 9903 | €37,631 | €19,003 | -€18,628 | -49.5% |
| Income taxes | 67/77 | €8,157 | €5,310 | -€2,847 | -34.9% |
| Profit (loss) for the period | 9904 | €29,474 | €13,694 | -€15,781 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,474 | €13,694 | -€15,781 | -53.5% |
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 7 October 2026 via checked.be.