PHARMEINSA: 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.
PHARMEINSA
Largest movements
- Cash +€146,919
up €146,919 (+38.6%), from €380,267 to €527,185
mainly Other debts (+€518,653) and Net result for the year (+€146,188)
- Tangible fixed assets -€15,294
down €15,294 (-18.6%), from €82,101 to €66,808
of which Furniture and vehicles: -€18,632
- Other debts +€518,653
new in 2025: €518,653
- Profit (loss) carried forward -€465,812
down €465,812 (-100.0%), from €465,853 to €42
- Tax, wage and social debts +€92,289
up €92,289 (+132.0%), from €69,920 to €162,210
of which Taxes: +€93,952
- Trade debts -€19,053
down €19,053 (-21.1%), from €90,322 to €71,269
- Gross operating margin -€65,235
down €65,235 (-20.9%), from €312,562 to €247,327
- Staff costs -€13,611
down €13,611 (-30.7%), from €44,371 to €30,760
- Taxes -€12,214
down €12,214 (-21.9%), from €55,792 to €43,578
- Financial charges -€4,828
down €4,828 (-94.0%), from €5,134 to €306
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 | €631,096 | €757,173 | +€126,078 | +20.0% |
| Fixed assets | 21/28 | €89,151 | €73,858 | -€15,294 | -17.2% |
| Tangible fixed assets | 22/27 | €82,101 | €66,808 | -€15,294 | -18.6% |
| Furniture and vehicles | 24 | €70,872 | €52,241 | -€18,632 | -26.3% |
| Other tangible fixed assets | 26 | €11,229 | €14,567 | +€3,338 | +29.7% |
| Financial fixed assets | 28 | €7,050 | €7,050 | = | 0.0% |
| Current assets | 29/58 | €541,945 | €683,316 | +€141,371 | +26.1% |
| Stocks and contracts in progress | 3 | €90,143 | €92,259 | +€2,116 | +2.3% |
| Stocks | 30/36 | €90,143 | €92,259 | +€2,116 | +2.3% |
| Amounts receivable within one year | 40/41 | €63,058 | €56,379 | -€6,679 | -10.6% |
| Trade receivables | 40 | €63,058 | €56,379 | -€6,679 | -10.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €380,267 | €527,185 | +€146,919 | +38.6% |
| Deferred charges and accrued income | 490/1 | €8,477 | €7,492 | -€985 | -11.6% |
| Total equity and liabilities | 10/49 | €631,096 | €757,173 | +€126,078 | +20.0% |
| Equity | 10/15 | €470,853 | €5,042 | -€465,812 | -98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,853 | €42 | -€465,812 | -100.0% |
| Amounts payable | 17/49 | €160,243 | €752,132 | +€591,889 | +369.4% |
| Amounts payable within one year | 42/48 | €160,243 | €752,132 | +€591,889 | +369.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €90,322 | €71,269 | -€19,053 | -21.1% |
| Suppliers | 440/4 | €90,322 | €71,269 | -€19,053 | -21.1% |
| Taxes, remuneration and social security | 45 | €69,920 | €162,210 | +€92,289 | +132.0% |
| Taxes | 450/3 | €64,362 | €158,314 | +€93,952 | +146.0% |
| Remuneration and social security | 454/9 | €5,558 | €3,896 | -€1,662 | -29.9% |
| Other amounts payable | 47/48 | - | €518,653 | +€518,653 | |
| Remuneration, social security and pensions | 62 | €44,371 | €30,760 | -€13,611 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,286 | €23,024 | +€1,739 | +8.2% |
| Other operating charges | 640/8 | €3,970 | €3,499 | -€471 | -11.9% |
| Gross operating margin | 9900 | €312,562 | €247,327 | -€65,235 | -20.9% |
| Operating profit (loss) | 9901 | €242,935 | €190,043 | -€52,892 | -21.8% |
| Financial income | 75/76B | €2,316 | €29 | -€2,287 | -98.7% |
| Recurring financial income | 75 | €2,316 | €29 | -€2,287 | -98.7% |
| Financial charges | 65/66B | €5,134 | €306 | -€4,828 | -94.0% |
| Recurring financial charges | 65 | €5,134 | €306 | -€4,828 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €240,117 | €189,766 | -€50,351 | -21.0% |
| Income taxes | 67/77 | €55,792 | €43,578 | -€12,214 | -21.9% |
| Profit (loss) for the period | 9904 | €184,325 | €146,188 | -€38,137 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €184,325 | €146,188 | -€38,137 | -20.7% |
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 9 October 2026 via checked.be.