PHARMAZINNES: 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.
PHARMAZINNES
Largest movements
- Cash +€58,099
up €58,099 (+53.4%), from €108,885 to €166,984
mainly Depreciation (+€73,304) and Net result for the year (+€50,293)
- Intangible fixed assets -€52,600
down €52,600 (-18.5%), from €284,517 to €231,917
- Tangible fixed assets -€17,533
down €17,533 (-6.2%), from €282,115 to €264,582
of which Land and buildings: -€11,004
- Stocks and contracts -€15,786
down €15,786 (-10.4%), from €151,890 to €136,103
- Debts after one year -€78,398
down €78,398 (-16.5%), from €473,822 to €395,424
- Profit (loss) carried forward +€49,460
up €49,460 (+182%), from €27,225 to €76,685
- Gross operating margin +€24,543
up €24,543 (+11.8%), from €207,447 to €231,990
- Depreciation -€12,818
down €12,818 (-14.9%), from €86,121 to €73,304
- Staff costs +€12,537
up €12,537 (+16.9%), from €74,298 to €86,834
- Taxes +€6,238
up €6,238 (+84.6%), from €7,375 to €13,613
- Financial charges -€4,261
down €4,261 (-47.1%), from €9,048 to €4,787
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 | €895,537 | €875,224 | -€20,313 | -2.3% |
| Fixed assets | 21/28 | €566,632 | €496,500 | -€70,133 | -12.4% |
| Intangible fixed assets | 21 | €284,517 | €231,917 | -€52,600 | -18.5% |
| Tangible fixed assets | 22/27 | €282,115 | €264,582 | -€17,533 | -6.2% |
| Land and buildings | 22 | €252,622 | €241,618 | -€11,004 | -4.4% |
| Plant, machinery and equipment | 23 | €11,741 | €10,118 | -€1,623 | -13.8% |
| Furniture and vehicles | 24 | €17,752 | €12,846 | -€4,906 | -27.6% |
| Current assets | 29/58 | €328,905 | €378,725 | +€49,819 | +15.1% |
| Stocks and contracts in progress | 3 | €151,890 | €136,103 | -€15,786 | -10.4% |
| Stocks | 30/36 | €151,890 | €136,103 | -€15,786 | -10.4% |
| Amounts receivable within one year | 40/41 | €66,342 | €72,194 | +€5,853 | +8.8% |
| Trade receivables | 40 | €55,340 | €72,194 | +€16,854 | +30.5% |
| Other amounts receivable | 41 | €11,001 | €0 | -€11,001 | -100% |
| Cash at bank and in hand | 54/58 | €108,885 | €166,984 | +€58,099 | +53.4% |
| Deferred charges and accrued income | 490/1 | €1,789 | €3,443 | +€1,655 | +92.5% |
| Total equity and liabilities | 10/49 | €895,537 | €875,224 | -€20,313 | -2.3% |
| Equity | 10/15 | €72,225 | €121,685 | +€49,460 | +68.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,225 | €76,685 | +€49,460 | +182% |
| Amounts payable | 17/49 | €823,312 | €753,540 | -€69,773 | -8.5% |
| Amounts payable after more than one year | 17 | €473,822 | €395,424 | -€78,398 | -16.5% |
| Financial debts | 170/4 | €473,822 | €395,424 | -€78,398 | -16.5% |
| Amounts payable within one year | 42/48 | €345,806 | €358,115 | +€12,310 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €77,966 | €78,398 | +€431 | +0.6% |
| Trade debts | 44 | €62,766 | €69,616 | +€6,849 | +10.9% |
| Suppliers | 440/4 | €62,766 | €69,616 | +€6,849 | +10.9% |
| Taxes, remuneration and social security | 45 | €14,762 | €16,686 | +€1,924 | +13.0% |
| Taxes | 450/3 | €1,773 | €4,899 | +€3,126 | +176% |
| Remuneration and social security | 454/9 | €12,989 | €11,787 | -€1,203 | -9.3% |
| Other amounts payable | 47/48 | €190,311 | €193,416 | +€3,105 | +1.6% |
| Accrued charges and deferred income | 492/3 | €3,685 | €0 | -€3,685 | -100% |
| Remuneration, social security and pensions | 62 | €74,298 | €86,834 | +€12,537 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,121 | €73,304 | -€12,818 | -14.9% |
| Other operating charges | 640/8 | €3,467 | €3,281 | -€187 | -5.4% |
| Gross operating margin | 9900 | €207,447 | €231,990 | +€24,543 | +11.8% |
| Operating profit (loss) | 9901 | €43,561 | €68,571 | +€25,011 | +57.4% |
| Financial income | 75/76B | €2 | €121 | +€119 | +7,845% |
| Recurring financial income | 75 | €2 | €121 | +€119 | +7,845% |
| Financial charges | 65/66B | €9,048 | €4,787 | -€4,261 | -47.1% |
| Recurring financial charges | 65 | €9,048 | €4,787 | -€4,261 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €34,515 | €63,905 | +€29,391 | +85.2% |
| Income taxes | 67/77 | €7,375 | €13,613 | +€6,238 | +84.6% |
| Profit (loss) for the period | 9904 | €27,140 | €50,293 | +€23,153 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,140 | €50,293 | +€23,153 | +85.3% |
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 19 October 2026 via checked.be.