PHAROS CONSO: 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.
PHAROS CONSO
Largest movements
- Receivables within one year -€34,399
down €34,399 (-66.0%), from €52,100 to €17,702
of which Other amounts receivable: -€33,073
- Cash +€9,661
up €9,661 (+24.4%), from €39,630 to €49,291
mainly Net result for the year (+€39,858) and Receivables within one year (+€34,399)
- Other debts -€62,843
down €62,843 (-93.2%), from €67,422 to €4,579
- Reserves +€39,858
new in 2025: €39,858
- Tax, wage and social debts -€1,031
down €1,031 (-24.5%), from €4,216 to €3,184
- Gross operating margin -€32,367
down €32,367 (-38.3%), from €84,480 to €52,113
- Taxes -€6,841
down €6,841 (-38.2%), from €17,895 to €11,053
- Financial income -€2,028
down €2,028 (-93.2%), from €2,177 to €149
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 | €92,941 | €68,639 | -€24,302 | -26.1% |
| Current assets | 29/58 | €92,941 | €68,639 | -€24,302 | -26.1% |
| Amounts receivable within one year | 40/41 | €52,100 | €17,702 | -€34,399 | -66.0% |
| Trade receivables | 40 | €15,036 | €13,710 | -€1,326 | -8.8% |
| Other amounts receivable | 41 | €37,064 | €3,991 | -€33,073 | -89.2% |
| Cash at bank and in hand | 54/58 | €39,630 | €49,291 | +€9,661 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,211 | €1,646 | +€435 | +36.0% |
| Total equity and liabilities | 10/49 | €92,941 | €68,639 | -€24,302 | -26.1% |
| Equity | 10/15 | €18,600 | €58,458 | +€39,858 | +214% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €39,858 | +€39,858 | |
| Distributable reserves | 133 | - | €39,858 | +€39,858 | |
| Amounts payable | 17/49 | €74,341 | €10,182 | -€64,160 | -86.3% |
| Amounts payable within one year | 42/48 | €74,341 | €10,182 | -€64,160 | -86.3% |
| Trade debts | 44 | €2,704 | €2,418 | -€286 | -10.6% |
| Suppliers | 440/4 | €2,704 | €2,418 | -€286 | -10.6% |
| Taxes, remuneration and social security | 45 | €4,216 | €3,184 | -€1,031 | -24.5% |
| Taxes | 450/3 | €4,216 | €3,184 | -€1,031 | -24.5% |
| Other amounts payable | 47/48 | €67,422 | €4,579 | -€62,843 | -93.2% |
| Other operating charges | 640/8 | €1,276 | €1,261 | -€15 | -1.2% |
| Gross operating margin | 9900 | €84,480 | €52,113 | -€32,367 | -38.3% |
| Operating profit (loss) | 9901 | €83,204 | €50,852 | -€32,352 | -38.9% |
| Financial income | 75/76B | €2,177 | €149 | -€2,028 | -93.2% |
| Recurring financial income | 75 | €2,177 | €149 | -€2,028 | -93.2% |
| Financial charges | 65/66B | €64 | €90 | +€26 | +40.1% |
| Recurring financial charges | 65 | €64 | €90 | +€26 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €85,316 | €50,911 | -€34,406 | -40.3% |
| Income taxes | 67/77 | €17,895 | €11,053 | -€6,841 | -38.2% |
| Profit (loss) for the period | 9904 | €67,422 | €39,858 | -€27,564 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,422 | €39,858 | -€27,564 | -40.9% |
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 22 October 2026 via checked.be.