Pharmatel-Immo: 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.
Pharmatel-Immo
Largest movements
- Tangible fixed assets -€174,706
down €174,706 (-6.9%), from €2.5m to €2.4m
of which Land and buildings: -€147,266
- Receivables within one year +€103,842
up €103,842 (+191.3%), from €54,296 to €158,139
of which Trade receivables: +€104,010
- Cash -€36,546
down €36,546 (-91.3%), from €40,010 to €3,464
mainly Other debts (-€997,660) and Receivables within one year (-€103,842)
- Other debts -€997,660
down €997,660 (-96.7%), from €1.0m to €34,358
- Debts after one year +€530,341
up €530,341 (+44.8%), from €1.2m to €1.7m
- Current portion of long-term debt +€90,150
up €90,150 (+45.8%), from €197,009 to €287,159
- Profit (loss) carried forward +€82,078
up €82,078 (+282.2%), from €29,084 to €111,162
- Tax, wage and social debts +€76,942
up €76,942 (+75.5%), from €101,844 to €178,785
of which Taxes: +€81,570
- Gross operating margin -€104,591
down €104,591 (-17.4%), from €600,390 to €495,799
- Taxes -€21,017
down €21,017 (-28.0%), from €75,000 to €53,983
- Depreciation -€19,227
down €19,227 (-9.8%), from €196,439 to €177,211
- Other operating charges +€12,043
up €12,043 (+32.2%), from €37,387 to €49,430
- Financial charges -€10,823
down €10,823 (-11.5%), from €94,077 to €83,254
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 | €2,628,071 | €2,516,704 | -€111,367 | -4.2% |
| Formation expenses | 20 | €3,758 | €1,252 | -€2,505 | -66.7% |
| Fixed assets | 21/28 | €2,528,555 | €2,353,849 | -€174,706 | -6.9% |
| Tangible fixed assets | 22/27 | €2,527,670 | €2,352,964 | -€174,706 | -6.9% |
| Land and buildings | 22 | €2,382,018 | €2,234,752 | -€147,266 | -6.2% |
| Plant, machinery and equipment | 23 | €78,678 | €63,623 | -€15,055 | -19.1% |
| Furniture and vehicles | 24 | €66,975 | €54,589 | -€12,386 | -18.5% |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €95,758 | €161,602 | +€65,844 | +68.8% |
| Amounts receivable within one year | 40/41 | €54,296 | €158,139 | +€103,842 | +191.3% |
| Trade receivables | 40 | €46,443 | €150,454 | +€104,010 | +224.0% |
| Other amounts receivable | 41 | €7,853 | €7,685 | -€168 | -2.1% |
| Cash at bank and in hand | 54/58 | €40,010 | €3,464 | -€36,546 | -91.3% |
| Deferred charges and accrued income | 490/1 | €1,452 | €0 | -€1,452 | -100.0% |
| Total equity and liabilities | 10/49 | €2,628,071 | €2,516,704 | -€111,367 | -4.2% |
| Equity | 10/15 | €82,170 | €164,248 | +€82,078 | +99.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €34,486 | €34,486 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €32,626 | €34,486 | +€1,860 | +5.7% |
| Profit (loss) carried forward | 14 | €29,084 | €111,162 | +€82,078 | +282.2% |
| Amounts payable | 17/49 | €2,545,901 | €2,352,456 | -€193,445 | -7.6% |
| Amounts payable after more than one year | 17 | €1,184,288 | €1,714,629 | +€530,341 | +44.8% |
| Financial debts | 170/4 | €1,184,288 | €1,714,629 | +€530,341 | +44.8% |
| Amounts payable within one year | 42/48 | €1,361,613 | €569,952 | -€791,661 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €197,009 | €287,159 | +€90,150 | +45.8% |
| Financial debts | 43 | €11,139 | €0 | -€11,139 | -100.0% |
| Credit institutions | 430/8 | €11,139 | €0 | -€11,139 | -100.0% |
| Trade debts | 44 | €19,603 | €69,649 | +€50,047 | +255.3% |
| Suppliers | 440/4 | €19,603 | €69,649 | +€50,047 | +255.3% |
| Taxes, remuneration and social security | 45 | €101,844 | €178,785 | +€76,942 | +75.5% |
| Taxes | 450/3 | €94,082 | €175,652 | +€81,570 | +86.7% |
| Remuneration and social security | 454/9 | €7,762 | €3,134 | -€4,629 | -59.6% |
| Other amounts payable | 47/48 | €1,032,018 | €34,358 | -€997,660 | -96.7% |
| Accrued charges and deferred income | 492/3 | - | €67,875 | +€67,875 | |
| Non-recurring operating income | 76A | €69,818 | €0 | -€69,818 | -100.0% |
| Remuneration, social security and pensions | 62 | €60,639 | €49,892 | -€10,746 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,439 | €177,211 | -€19,227 | -9.8% |
| Other operating charges | 640/8 | €37,387 | €49,430 | +€12,043 | +32.2% |
| Gross operating margin | 9900 | €600,390 | €495,799 | -€104,591 | -17.4% |
| Operating profit (loss) | 9901 | €305,926 | €219,266 | -€86,660 | -28.3% |
| Financial income | 75/76B | €0 | €50 | +€50 | +45190.9% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +45190.9% |
| Financial charges | 65/66B | €94,077 | €83,254 | -€10,823 | -11.5% |
| Recurring financial charges | 65 | €94,077 | €83,254 | -€10,823 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €211,849 | €136,061 | -€75,788 | -35.8% |
| Income taxes | 67/77 | €75,000 | €53,983 | -€21,017 | -28.0% |
| Profit (loss) for the period | 9904 | €136,849 | €82,078 | -€54,771 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,849 | €82,078 | -€54,771 | -40.0% |
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 5 October 2026 via checked.be.