PharmAzzy: 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.
PharmAzzy
Largest movements
- Tangible fixed assets +€13,438
up €13,438 (+473%), from €2,841 to €16,279
- Receivables within one year +€10,879
up €10,879 (+115%), from €9,459 to €20,338
of which Trade receivables: +€7,662
- Cash -€886
down €886 (-90.9%), from €975 to €89
mainly Investment in fixed assets (net) (-€16,714) and Receivables within one year (-€10,879)
- Deferred charges and accrued income -€438
down €438 (-28.9%), from €1,519 to €1,081
- Profit (loss) carried forward +€18,634
up €18,634 (+98.3%), from -€18,958 to -€324
- Trade debts +€3,592
up €3,592 (+351%), from €1,024 to €4,616
- Tax, wage and social debts +€646
up €646 (+10.7%), from €6,030 to €6,676
of which Taxes: +€2,546
- Gross operating margin +€12,782
up €12,782 (+425%), from €3,011 to €15,793
- Financial income +€9,460
up €9,460 (+1,596%), from €593 to €10,052
of which Non-recurring financial income: +€9,445
- Taxes +€2,164
up €2,164 (+975%), from €222 to €2,386
- Depreciation +€1,853
up €1,853 (+130%), from €1,423 to €3,276
- Financial charges -€739
down €739 (-69.5%), from €1,063 to €324
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 | €14,794 | €37,787 | +€22,992 | +155% |
| Fixed assets | 21/28 | €2,841 | €16,279 | +€13,438 | +473% |
| Tangible fixed assets | 22/27 | €2,841 | €16,279 | +€13,438 | +473% |
| Furniture and vehicles | 24 | €2,841 | €16,279 | +€13,438 | +473% |
| Current assets | 29/58 | €11,954 | €21,508 | +€9,554 | +79.9% |
| Amounts receivable within one year | 40/41 | €9,459 | €20,338 | +€10,879 | +115% |
| Trade receivables | 40 | - | €7,662 | +€7,662 | |
| Other amounts receivable | 41 | €9,459 | €12,676 | +€3,217 | +34.0% |
| Cash at bank and in hand | 54/58 | €975 | €89 | -€886 | -90.9% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,081 | -€438 | -28.9% |
| Total equity and liabilities | 10/49 | €14,794 | €37,787 | +€22,992 | +155% |
| Equity | 10/15 | €6,800 | €25,434 | +€18,634 | +274% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,758 | €22,758 | = | 0.0% |
| Distributable reserves | 133 | €22,758 | €22,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,958 | -€324 | +€18,634 | +98.3% |
| Amounts payable | 17/49 | €7,995 | €12,353 | +€4,358 | +54.5% |
| Amounts payable within one year | 42/48 | €7,055 | €11,293 | +€4,238 | +60.1% |
| Trade debts | 44 | €1,024 | €4,616 | +€3,592 | +351% |
| Suppliers | 440/4 | €1,024 | €4,616 | +€3,592 | +351% |
| Taxes, remuneration and social security | 45 | €6,030 | €6,676 | +€646 | +10.7% |
| Taxes | 450/3 | €4,130 | €6,676 | +€2,546 | +61.6% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Accrued charges and deferred income | 492/3 | €940 | €1,060 | +€120 | +12.8% |
| Non-recurring operating income | 76A | €1,144 | - | -€1,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,423 | €3,276 | +€1,853 | +130% |
| Other operating charges | 640/8 | €840 | €1,224 | +€384 | +45.7% |
| Gross operating margin | 9900 | €3,011 | €15,793 | +€12,782 | +425% |
| Operating profit (loss) | 9901 | €747 | €11,292 | +€10,545 | +1,411% |
| Financial income | 75/76B | €593 | €10,052 | +€9,460 | +1,596% |
| Recurring financial income | 75 | €593 | €607 | +€15 | +2.5% |
| Non-recurring financial income | 76B | - | €9,445 | +€9,445 | |
| Financial charges | 65/66B | €1,063 | €324 | -€739 | -69.5% |
| Recurring financial charges | 65 | €1,063 | €324 | -€739 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €277 | €21,021 | +€20,744 | +7,489% |
| Income taxes | 67/77 | €222 | €2,386 | +€2,164 | +975% |
| Profit (loss) for the period | 9904 | €55 | €18,634 | +€18,579 | +33,793% |
| Profit (loss) for the period to be appropriated | 9905 | €55 | €18,634 | +€18,579 | +33,793% |
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 15 October 2026 via checked.be.