PHARMUNY: 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.
PHARMUNY
Largest movements
- Tangible fixed assets -€33,214
down €33,214 (-8.3%), from €398,979 to €365,765
of which Land and buildings: -€37,798
- Intangible fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Stocks and contracts +€11,507
up €11,507 (+7.3%), from €156,895 to €168,403
- Cash -€10,933
down €10,933 (-4.4%), from €246,381 to €235,447
mainly Debts after one year (-€81,277) and Contributions, distributions and other (-€70,000)
- Debts after one year -€81,277
down €81,277 (-24.0%), from €339,138 to €257,861
- Profit (loss) carried forward +€51,007
up €51,007 (+48.6%), from €105,022 to €156,030
- Trade debts -€33,339
down €33,339 (-31.0%), from €107,437 to €74,098
- Tax, wage and social debts +€25,586
up €25,586 (+79.4%), from €32,234 to €57,820
of which Taxes: +€20,186
- Other debts -€10,179
down €10,179 (-7.3%), from €139,685 to €129,506
- Gross operating margin +€70,201
up €70,201 (+20.3%), from €346,176 to €416,377
- Staff costs +€25,519
up €25,519 (+17.2%), from €148,564 to €174,083
- Taxes +€13,882
up €13,882 (+46.7%), from €29,747 to €43,629
- Depreciation -€4,529
down €4,529 (-6.6%), from €68,476 to €63,948
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 | €962,775 | €909,631 | -€53,143 | -5.5% |
| Fixed assets | 21/28 | €418,979 | €365,765 | -€53,214 | -12.7% |
| Intangible fixed assets | 21 | €20,000 | - | -€20,000 | |
| Tangible fixed assets | 22/27 | €398,979 | €365,765 | -€33,214 | -8.3% |
| Land and buildings | 22 | €391,753 | €353,955 | -€37,798 | -9.6% |
| Plant, machinery and equipment | 23 | €3,369 | €1,874 | -€1,496 | -44.4% |
| Furniture and vehicles | 24 | €3,857 | €9,937 | +€6,080 | +157.6% |
| Current assets | 29/58 | €543,796 | €543,866 | +€70 | 0.0% |
| Stocks and contracts in progress | 3 | €156,895 | €168,403 | +€11,507 | +7.3% |
| Stocks | 30/36 | €156,895 | €168,403 | +€11,507 | +7.3% |
| Amounts receivable within one year | 40/41 | €134,927 | €137,012 | +€2,085 | +1.5% |
| Trade receivables | 40 | €129,588 | €120,129 | -€9,459 | -7.3% |
| Other amounts receivable | 41 | €5,339 | €16,883 | +€11,544 | +216.2% |
| Cash at bank and in hand | 54/58 | €246,381 | €235,447 | -€10,933 | -4.4% |
| Deferred charges and accrued income | 490/1 | €5,593 | €3,004 | -€2,589 | -46.3% |
| Total equity and liabilities | 10/49 | €962,775 | €909,631 | -€53,143 | -5.5% |
| Equity | 10/15 | €258,062 | €309,069 | +€51,007 | +19.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €91,540 | €91,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €85,390 | €85,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,022 | €156,030 | +€51,007 | +48.6% |
| Amounts payable | 17/49 | €704,713 | €600,562 | -€104,150 | -14.8% |
| Amounts payable after more than one year | 17 | €339,138 | €257,861 | -€81,277 | -24.0% |
| Financial debts | 170/4 | €339,138 | €257,861 | -€81,277 | -24.0% |
| Amounts payable within one year | 42/48 | €365,574 | €342,701 | -€22,873 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €80,839 | €81,277 | +€438 | +0.5% |
| Financial debts | 43 | €5,379 | - | -€5,379 | |
| Other loans | 439 | €5,379 | - | -€5,379 | |
| Trade debts | 44 | €107,437 | €74,098 | -€33,339 | -31.0% |
| Suppliers | 440/4 | €107,437 | €74,098 | -€33,339 | -31.0% |
| Taxes, remuneration and social security | 45 | €32,234 | €57,820 | +€25,586 | +79.4% |
| Taxes | 450/3 | €11,808 | €31,994 | +€20,186 | +171.0% |
| Remuneration and social security | 454/9 | €20,426 | €25,826 | +€5,400 | +26.4% |
| Other amounts payable | 47/48 | €139,685 | €129,506 | -€10,179 | -7.3% |
| Remuneration, social security and pensions | 62 | €148,564 | €174,083 | +€25,519 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,476 | €63,948 | -€4,529 | -6.6% |
| Other operating charges | 640/8 | €2,127 | €2,125 | -€1 | -0.1% |
| Gross operating margin | 9900 | €346,176 | €416,377 | +€70,201 | +20.3% |
| Operating profit (loss) | 9901 | €127,010 | €176,222 | +€49,212 | +38.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +4875.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +4875.0% |
| Financial charges | 65/66B | €13,027 | €11,588 | -€1,439 | -11.0% |
| Recurring financial charges | 65 | €13,027 | €11,588 | -€1,439 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €113,983 | €164,636 | +€50,653 | +44.4% |
| Income taxes | 67/77 | €29,747 | €43,629 | +€13,882 | +46.7% |
| Profit (loss) for the period | 9904 | €84,236 | €121,007 | +€36,771 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,236 | €121,007 | +€36,771 | +43.7% |
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 5 October 2026 via checked.be.