PharmGo: 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.
PharmGo
Largest movements
- Receivables within one year +€11,928
up €11,928 (+64.8%), from €18,407 to €30,335
of which Trade receivables: +€9,488
- Intangible fixed assets -€11,429
down €11,429 (-27.4%), from €41,659 to €30,231
- Tangible fixed assets -€7,254
down €7,254 (-68.0%), from €10,668 to €3,415
of which Plant, machinery and equipment: -€4,606
- Deferred charges and accrued income +€2,258
up €2,258 (+55.1%), from €4,098 to €6,356
- Cash -€1,836
down €1,836 (-3.9%), from €47,636 to €45,801
mainly Other debts (-€30,723) and Tax, wage and social debts (-€13,556)
- Reserves +€66,080
up €66,080 (+232.4%), from €28,427 to €94,507
of which Distributable reserves: +€94,507
- Other debts -€30,723
down €30,723 (-76.4%), from €40,201 to €9,478
- Profit (loss) carried forward -€28,728
no longer reported in 2025 (was €28,728)
- Tax, wage and social debts -€13,556
down €13,556 (-70.6%), from €19,191 to €5,635
of which Taxes: -€13,556
- Gross operating margin +€10,341
up €10,341 (+18.0%), from €57,483 to €67,824
- Taxes +€2,184
up €2,184 (+19.2%), from €11,376 to €13,560
- Depreciation -€924
down €924 (-6.0%), from €15,340 to €14,416
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 | €122,469 | €116,137 | -€6,332 | -5.2% |
| Fixed assets | 21/28 | €52,327 | €33,645 | -€18,682 | -35.7% |
| Intangible fixed assets | 21 | €41,659 | €30,231 | -€11,429 | -27.4% |
| Tangible fixed assets | 22/27 | €10,668 | €3,415 | -€7,254 | -68.0% |
| Plant, machinery and equipment | 23 | €5,439 | €833 | -€4,606 | -84.7% |
| Furniture and vehicles | 24 | €704 | - | -€704 | |
| Leasing and similar rights | 25 | €4,525 | €2,582 | -€1,943 | -42.9% |
| Current assets | 29/58 | €70,141 | €82,492 | +€12,350 | +17.6% |
| Amounts receivable within one year | 40/41 | €18,407 | €30,335 | +€11,928 | +64.8% |
| Trade receivables | 40 | €14,783 | €24,271 | +€9,488 | +64.2% |
| Other amounts receivable | 41 | €3,624 | €6,064 | +€2,440 | +67.3% |
| Cash at bank and in hand | 54/58 | €47,636 | €45,801 | -€1,836 | -3.9% |
| Deferred charges and accrued income | 490/1 | €4,098 | €6,356 | +€2,258 | +55.1% |
| Total equity and liabilities | 10/49 | €122,469 | €116,137 | -€6,332 | -5.2% |
| Equity | 10/15 | €59,155 | €96,507 | +€37,352 | +63.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,427 | €94,507 | +€66,080 | +232.4% |
| Non-distributable reserves | 130/1 | €28,427 | - | -€28,427 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €28,427 | - | -€28,427 | |
| Distributable reserves | 133 | €0 | €94,507 | +€94,507 | |
| Profit (loss) carried forward | 14 | €28,728 | - | -€28,728 | |
| Amounts payable | 17/49 | €63,313 | €19,630 | -€43,684 | -69.0% |
| Amounts payable within one year | 42/48 | €63,313 | €19,630 | -€43,684 | -69.0% |
| Trade debts | 44 | €3,921 | €4,517 | +€596 | +15.2% |
| Suppliers | 440/4 | €3,921 | €4,517 | +€596 | +15.2% |
| Taxes, remuneration and social security | 45 | €19,191 | €5,635 | -€13,556 | -70.6% |
| Taxes | 450/3 | €19,191 | €5,635 | -€13,556 | -70.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,201 | €9,478 | -€30,723 | -76.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,340 | €14,416 | -€924 | -6.0% |
| Other operating charges | 640/8 | €538 | €237 | -€301 | -56.0% |
| Non-recurring operating charges | 66A | - | €516 | +€516 | |
| Gross operating margin | 9900 | €57,483 | €67,824 | +€10,341 | +18.0% |
| Operating profit (loss) | 9901 | €41,605 | €52,656 | +€11,050 | +26.6% |
| Financial charges | 65/66B | €1,802 | €1,744 | -€58 | -3.2% |
| Recurring financial charges | 65 | €1,802 | €1,744 | -€58 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €39,803 | €50,912 | +€11,108 | +27.9% |
| Income taxes | 67/77 | €11,376 | €13,560 | +€2,184 | +19.2% |
| Profit (loss) for the period | 9904 | €28,427 | €37,352 | +€8,924 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,427 | €37,352 | +€8,924 | +31.4% |
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 2 October 2026 via checked.be.