PHARMAQUA: 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.
PHARMAQUA
Largest movements
- Receivables within one year +€26,503
up €26,503 (+39.8%), from €66,579 to €93,082
of which Other amounts receivable: +€39,946
- Cash +€9,288
up €9,288 (+148.4%), from €6,261 to €15,549
mainly Net result for the year (+€57,285) and Depreciation (+€10,789)
- Tangible fixed assets -€4,767
down €4,767 (-11.6%), from €40,934 to €36,167
of which Furniture and vehicles: -€6,350
- Profit (loss) carried forward +€57,285
up €57,285 (+132.8%), from €43,137 to €100,423
- Other debts -€13,589
no longer reported in 2025 (was €13,589)
- Current portion of long-term debt -€10,530
down €10,530 (-91.5%), from €11,511 to €981
- Tax, wage and social debts -€6,188
down €6,188 (-17.0%), from €36,502 to €30,315
- Trade debts +€5,067
up €5,067 (+75.0%), from €6,754 to €11,820
- Gross operating margin +€19,863
up €19,863 (+27.1%), from €73,263 to €93,126
- Other operating charges +€7,276
up €7,276 (+380.9%), from €1,910 to €9,187
- Taxes +€3,690
up €3,690 (+25.3%), from €14,575 to €18,265
- Financial income +€2,561
up €2,561 (+101230.8%), from €3 to €2,564
- Depreciation +€1,586
up €1,586 (+17.2%), from €9,204 to €10,789
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 | €114,473 | €145,539 | +€31,065 | +27.1% |
| Fixed assets | 21/28 | €40,934 | €36,167 | -€4,767 | -11.6% |
| Tangible fixed assets | 22/27 | €40,934 | €36,167 | -€4,767 | -11.6% |
| Plant, machinery and equipment | 23 | €11,415 | €12,289 | +€874 | +7.7% |
| Furniture and vehicles | 24 | €22,515 | €16,165 | -€6,350 | -28.2% |
| Other tangible fixed assets | 26 | €7,003 | €7,712 | +€709 | +10.1% |
| Current assets | 29/58 | €73,540 | €109,372 | +€35,832 | +48.7% |
| Amounts receivable within one year | 40/41 | €66,579 | €93,082 | +€26,503 | +39.8% |
| Trade receivables | 40 | €66,579 | €53,136 | -€13,443 | -20.2% |
| Other amounts receivable | 41 | - | €39,946 | +€39,946 | |
| Cash at bank and in hand | 54/58 | €6,261 | €15,549 | +€9,288 | +148.4% |
| Deferred charges and accrued income | 490/1 | €699 | €741 | +€41 | +5.9% |
| Total equity and liabilities | 10/49 | €114,473 | €145,539 | +€31,065 | +27.1% |
| Equity | 10/15 | €45,137 | €102,423 | +€57,285 | +126.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,137 | €100,423 | +€57,285 | +132.8% |
| Amounts payable | 17/49 | €69,336 | €43,116 | -€26,220 | -37.8% |
| Amounts payable after more than one year | 17 | €981 | - | -€981 | |
| Financial debts | 170/4 | €981 | - | -€981 | |
| Amounts payable within one year | 42/48 | €68,355 | €43,116 | -€25,239 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €11,511 | €981 | -€10,530 | -91.5% |
| Trade debts | 44 | €6,754 | €11,820 | +€5,067 | +75.0% |
| Suppliers | 440/4 | €6,754 | €11,820 | +€5,067 | +75.0% |
| Taxes, remuneration and social security | 45 | €36,502 | €30,315 | -€6,188 | -17.0% |
| Taxes | 450/3 | €36,502 | €30,315 | -€6,188 | -17.0% |
| Other amounts payable | 47/48 | €13,589 | - | -€13,589 | |
| Non-recurring operating income | 76A | - | €572 | +€572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,204 | €10,789 | +€1,586 | +17.2% |
| Other operating charges | 640/8 | €1,910 | €9,187 | +€7,276 | +380.9% |
| Gross operating margin | 9900 | €73,263 | €93,126 | +€19,863 | +27.1% |
| Operating profit (loss) | 9901 | €62,149 | €73,150 | +€11,001 | +17.7% |
| Financial income | 75/76B | €3 | €2,564 | +€2,561 | +101230.8% |
| Recurring financial income | 75 | €3 | €2,564 | +€2,561 | +101230.8% |
| Financial charges | 65/66B | €904 | €163 | -€741 | -81.9% |
| Recurring financial charges | 65 | €904 | €163 | -€741 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €61,247 | €75,550 | +€14,303 | +23.4% |
| Income taxes | 67/77 | €14,575 | €18,265 | +€3,690 | +25.3% |
| Profit (loss) for the period | 9904 | €46,672 | €57,285 | +€10,613 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,672 | €57,285 | +€10,613 | +22.7% |
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 8 October 2026 via checked.be.