PHARMARE: 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.
PHARMARE
Largest movements
- Cash -€214,809
down €214,809 (-81.8%), from €262,495 to €47,686
mainly Other debts (-€194,271) and Debts after one year (-€94,462)
- Tangible fixed assets +€17,833
up €17,833 (+4.3%), from €411,137 to €428,970
of which Land and buildings: +€19,501
- Other debts -€194,271
down €194,271 (-88.0%), from €220,773 to €26,502
- Reserves +€114,233
up €114,233 (+26.0%), from €439,132 to €553,365
- Debts after one year -€94,462
down €94,462 (-14.7%), from €640,774 to €546,311
- Current portion of long-term debt -€22,538
down €22,538 (-19.3%), from €117,001 to €94,463
- Gross operating margin +€74,447
up €74,447 (+36.3%), from €205,249 to €279,696
- Taxes +€33,132
up €33,132 (+95.2%), from €34,790 to €67,923
- Financial charges -€21,290
down €21,290 (-52.6%), from €40,496 to €19,206
- Depreciation -€14,671
down €14,671 (-37.0%), from €39,631 to €24,961
- Other operating charges +€2,818
up €2,818 (+89.3%), from €3,156 to €5,974
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 | €1,479,197 | €1,287,841 | -€191,356 | -12.9% |
| Fixed assets | 21/28 | €1,185,134 | €1,202,967 | +€17,833 | +1.5% |
| Tangible fixed assets | 22/27 | €411,137 | €428,970 | +€17,833 | +4.3% |
| Land and buildings | 22 | €83,225 | €102,727 | +€19,501 | +23.4% |
| Plant, machinery and equipment | 23 | €593 | €2,601 | +€2,008 | +338.4% |
| Furniture and vehicles | 24 | €58,589 | €44,619 | -€13,970 | -23.8% |
| Assets under construction and advance payments | 27 | €268,730 | €279,023 | +€10,293 | +3.8% |
| Financial fixed assets | 28 | €773,997 | €773,997 | = | 0.0% |
| Current assets | 29/58 | €294,062 | €84,874 | -€209,189 | -71.1% |
| Amounts receivable within one year | 40/41 | €22,068 | €29,991 | +€7,923 | +35.9% |
| Trade receivables | 40 | €16,940 | - | -€16,940 | |
| Other amounts receivable | 41 | €5,128 | €29,991 | +€24,863 | +484.8% |
| Cash at bank and in hand | 54/58 | €262,495 | €47,686 | -€214,809 | -81.8% |
| Deferred charges and accrued income | 490/1 | €9,500 | €7,197 | -€2,303 | -24.2% |
| Total equity and liabilities | 10/49 | €1,479,197 | €1,287,841 | -€191,356 | -12.9% |
| Equity | 10/15 | €464,132 | €578,365 | +€114,233 | +24.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €439,132 | €553,365 | +€114,233 | +26.0% |
| Distributable reserves | 133 | €439,132 | €553,365 | +€114,233 | +26.0% |
| Amounts payable | 17/49 | €1,015,064 | €709,476 | -€305,589 | -30.1% |
| Amounts payable after more than one year | 17 | €640,774 | €546,311 | -€94,462 | -14.7% |
| Financial debts | 170/4 | €640,774 | €546,311 | -€94,462 | -14.7% |
| Amounts payable within one year | 42/48 | €371,455 | €158,472 | -€212,983 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €117,001 | €94,463 | -€22,538 | -19.3% |
| Trade debts | 44 | €7,264 | €8,859 | +€1,595 | +22.0% |
| Suppliers | 440/4 | €7,264 | €8,859 | +€1,595 | +22.0% |
| Taxes, remuneration and social security | 45 | €26,418 | €28,649 | +€2,231 | +8.4% |
| Taxes | 450/3 | €23,932 | €26,124 | +€2,192 | +9.2% |
| Remuneration and social security | 454/9 | €2,486 | €2,525 | +€38 | +1.5% |
| Other amounts payable | 47/48 | €220,773 | €26,502 | -€194,271 | -88.0% |
| Accrued charges and deferred income | 492/3 | €2,835 | €4,692 | +€1,857 | +65.5% |
| Non-recurring operating income | 76A | €10,614 | €1,463 | -€9,152 | -86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,631 | €24,961 | -€14,671 | -37.0% |
| Other operating charges | 640/8 | €3,156 | €5,974 | +€2,818 | +89.3% |
| Gross operating margin | 9900 | €205,249 | €279,696 | +€74,447 | +36.3% |
| Operating profit (loss) | 9901 | €162,462 | €248,761 | +€86,299 | +53.1% |
| Financial income | 75/76B | €230 | - | -€230 | |
| Recurring financial income | 75 | €230 | - | -€230 | |
| Financial charges | 65/66B | €40,496 | €19,206 | -€21,290 | -52.6% |
| Recurring financial charges | 65 | €40,496 | €19,206 | -€21,290 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €122,197 | €229,556 | +€107,359 | +87.9% |
| Income taxes | 67/77 | €34,790 | €67,923 | +€33,132 | +95.2% |
| Profit (loss) for the period | 9904 | €87,407 | €161,633 | +€74,226 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,407 | €161,633 | +€74,226 | +84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.