PHARMAVRAI: what changed
Two financial 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.
PHARMAVRAI
Largest movements
- Receivables within one year +€64,008
up €64,008 (+103%), from €61,849 to €125,858
of which Trade receivables: +€63,703
- Tangible fixed assets -€31,692
down €31,692 (-12.3%), from €258,052 to €226,360
of which Plant, machinery and equipment: -€26,400
- Intangible fixed assets -€24,647
down €24,647 (-9.3%), from €264,742 to €240,095
- Stocks and contracts -€10,226
down €10,226 (-8.4%), from €122,312 to €112,086
- Other debts +€93,217
up €93,217 (+576%), from €16,185 to €109,402
- Debts after one year -€62,362
down €62,362 (-15.3%), from €407,022 to €344,660
- Trade debts -€23,558
down €23,558 (-36.9%), from €63,811 to €40,253
- Reserves -€22,207
down €22,207 (-11.8%), from €187,612 to €165,406
- Gross operating margin +€48,524
up €48,524 (+28.7%), from €168,805 to €217,329
- Taxes +€14,362
up €14,362 (+47.7%), from €30,117 to €44,478
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.
Derived cash bridge
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 | €885,216 | €880,268 | -€4,947 | -0.6% |
| Fixed assets | 21/28 | €526,560 | €470,221 | -€56,339 | -10.7% |
| Intangible fixed assets | 21 | €264,742 | €240,095 | -€24,647 | -9.3% |
| Tangible fixed assets | 22/27 | €258,052 | €226,360 | -€31,692 | -12.3% |
| Land and buildings | 22 | €140,114 | €134,702 | -€5,412 | -3.9% |
| Plant, machinery and equipment | 23 | €110,064 | €83,664 | -€26,400 | -24.0% |
| Furniture and vehicles | 24 | €6,101 | €6,812 | +€711 | +11.7% |
| Other tangible fixed assets | 26 | €1,772 | €1,182 | -€591 | -33.3% |
| Financial fixed assets | 28 | €3,766 | €3,766 | = | 0.0% |
| Current assets | 29/58 | €358,656 | €410,048 | +€51,391 | +14.3% |
| Stocks and contracts in progress | 3 | €122,312 | €112,086 | -€10,226 | -8.4% |
| Stocks | 30/36 | €122,312 | €112,086 | -€10,226 | -8.4% |
| Amounts receivable within one year | 40/41 | €61,849 | €125,858 | +€64,008 | +103% |
| Trade receivables | 40 | €61,849 | €125,552 | +€63,703 | +103% |
| Other amounts receivable | 41 | €0 | €306 | +€306 | |
| Cash at bank and in hand | 54/58 | €171,367 | €169,817 | -€1,550 | -0.9% |
| Deferred charges and accrued income | 490/1 | €3,127 | €2,287 | -€841 | -26.9% |
| Total equity and liabilities | 10/49 | €885,216 | €880,268 | -€4,947 | -0.6% |
| Equity | 10/15 | €328,276 | €306,070 | -€22,207 | -6.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €187,612 | €165,406 | -€22,207 | -11.8% |
| Distributable reserves | 133 | €187,612 | €165,406 | -€22,207 | -11.8% |
| Profit (loss) carried forward | 14 | €90,664 | €90,664 | = | 0.0% |
| Amounts payable | 17/49 | €556,939 | €574,199 | +€17,259 | +3.1% |
| Amounts payable after more than one year | 17 | €407,022 | €344,660 | -€62,362 | -15.3% |
| Financial debts | 170/4 | €407,022 | €344,660 | -€62,362 | -15.3% |
| Amounts payable within one year | 42/48 | €149,917 | €229,476 | +€79,559 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €61,299 | €62,362 | +€1,064 | +1.7% |
| Trade debts | 44 | €63,811 | €40,253 | -€23,558 | -36.9% |
| Suppliers | 440/4 | €63,811 | €40,253 | -€23,558 | -36.9% |
| Taxes, remuneration and social security | 45 | €8,622 | €17,459 | +€8,837 | +102% |
| Taxes | 450/3 | €5,712 | €14,750 | +€9,038 | +158% |
| Remuneration and social security | 454/9 | €2,910 | €2,709 | -€201 | -6.9% |
| Other amounts payable | 47/48 | €16,185 | €109,402 | +€93,217 | +576% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Remuneration, social security and pensions | 62 | €73 | €0 | -€73 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,780 | €69,660 | +€1,880 | +2.8% |
| Other operating charges | 640/8 | €4,313 | €4,812 | +€499 | +11.6% |
| Gross operating margin | 9900 | €168,805 | €217,329 | +€48,524 | +28.7% |
| Operating profit (loss) | 9901 | €96,640 | €142,858 | +€46,218 | +47.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +70.8% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +70.8% |
| Financial charges | 65/66B | €12,359 | €12,742 | +€383 | +3.1% |
| Recurring financial charges | 65 | €12,359 | €12,742 | +€383 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €84,282 | €130,117 | +€45,836 | +54.4% |
| Income taxes | 67/77 | €30,117 | €44,478 | +€14,362 | +47.7% |
| Profit (loss) for the period | 9904 | €54,165 | €85,639 | +€31,474 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,165 | €85,639 | +€31,474 | +58.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.