Pharmides: 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.
Pharmides
Largest movements
- Tangible fixed assets +€19,654
up €19,654 (+95.3%), from €20,623 to €40,276
of which Other tangible fixed assets: +€12,375
- Cash +€8,875
up €8,875 (+28.4%), from €31,267 to €40,142
mainly Net result for the year (+€30,503) and Depreciation (+€5,315)
- Receivables within one year +€3,452
up €3,452 (+17.0%), from €20,309 to €23,761
of which Other amounts receivable: +€7,252
- Reserves +€30,500
up €30,500 (+37.4%), from €81,450 to €111,950
- Tax, wage and social debts +€2,164
up €2,164 (+100.1%), from €2,163 to €4,327
of which Taxes: +€2,150
- Gross operating margin +€4,871
up €4,871 (+11.9%), from €40,831 to €45,701
- Depreciation +€3,845
up €3,845 (+261.6%), from €1,470 to €5,315
- Financial income +€2,338
up €2,338 (+197.8%), from €1,182 to €3,520
- Taxes +€799
up €799 (+7.1%), from €11,279 to €12,078
- Other operating charges +€635
up €635 (+108.6%), from €584 to €1,219
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 | €88,311 | €120,762 | +€32,451 | +36.7% |
| Fixed assets | 21/28 | €20,623 | €40,276 | +€19,654 | +95.3% |
| Tangible fixed assets | 22/27 | €20,623 | €40,276 | +€19,654 | +95.3% |
| Plant, machinery and equipment | 23 | €327 | €197 | -€130 | -39.8% |
| Furniture and vehicles | 24 | €2,226 | €9,635 | +€7,409 | +332.8% |
| Other tangible fixed assets | 26 | €18,069 | €30,444 | +€12,375 | +68.5% |
| Current assets | 29/58 | €67,688 | €80,486 | +€12,798 | +18.9% |
| Amounts receivable within one year | 40/41 | €20,309 | €23,761 | +€3,452 | +17.0% |
| Trade receivables | 40 | €12,021 | €8,221 | -€3,800 | -31.6% |
| Other amounts receivable | 41 | €8,289 | €15,540 | +€7,252 | +87.5% |
| Current investments | 50/53 | €15,589 | €15,972 | +€383 | +2.5% |
| Cash at bank and in hand | 54/58 | €31,267 | €40,142 | +€8,875 | +28.4% |
| Deferred charges and accrued income | 490/1 | €523 | €612 | +€88 | +16.9% |
| Total equity and liabilities | 10/49 | €88,311 | €120,762 | +€32,451 | +36.7% |
| Equity | 10/15 | €85,488 | €115,992 | +€30,503 | +35.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €81,450 | €111,950 | +€30,500 | +37.4% |
| Distributable reserves | 133 | €81,450 | €111,950 | +€30,500 | +37.4% |
| Profit (loss) carried forward | 14 | €38 | €42 | +€3 | +9.0% |
| Amounts payable | 17/49 | €2,822 | €4,770 | +€1,948 | +69.0% |
| Amounts payable within one year | 42/48 | €2,822 | €4,770 | +€1,948 | +69.0% |
| Trade debts | 44 | €660 | €443 | -€216 | -32.8% |
| Suppliers | 440/4 | €660 | €443 | -€216 | -32.8% |
| Taxes, remuneration and social security | 45 | €2,163 | €4,327 | +€2,164 | +100.1% |
| Taxes | 450/3 | - | €2,150 | +€2,150 | |
| Remuneration and social security | 454/9 | €2,163 | €2,177 | +€14 | +0.7% |
| Remuneration, social security and pensions | 62 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,470 | €5,315 | +€3,845 | +261.6% |
| Other operating charges | 640/8 | €584 | €1,219 | +€635 | +108.6% |
| Gross operating margin | 9900 | €40,831 | €45,701 | +€4,871 | +11.9% |
| Operating profit (loss) | 9901 | €38,647 | €39,167 | +€521 | +1.3% |
| Financial income | 75/76B | €1,182 | €3,520 | +€2,338 | +197.8% |
| Recurring financial income | 75 | €1,182 | €3,520 | +€2,338 | +197.8% |
| Financial charges | 65/66B | €97 | €106 | +€10 | +9.9% |
| Recurring financial charges | 65 | €97 | €106 | +€10 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €39,732 | €42,582 | +€2,849 | +7.2% |
| Income taxes | 67/77 | €11,279 | €12,078 | +€799 | +7.1% |
| Profit (loss) for the period | 9904 | €28,453 | €30,503 | +€2,051 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,453 | €30,503 | +€2,051 | +7.2% |
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 4 October 2026 via checked.be.