PHAROS INTERNATIONAL: what changed
PHAROS INTERNATIONAL
Largest movements
- Receivables within one year +€19,546
new in 2025: €19,546
of which Trade receivables: +€19,287
- Current investments -€10,297
down €10,297 (-9.3%), from €110,641 to €100,343
- Cash +€7,466
up €7,466 (+173%), from €4,326 to €11,792
mainly Net result for the year (+€15,658) and Current investments (+€10,297)
- Profit (loss) carried forward +€15,658
up €15,658 (+23.4%), from -€66,846 to -€51,188
- Other debts +€4,800
up €4,800 (+5.1%), from €93,940 to €98,740
- Tax, wage and social debts -€4,125
down €4,125 (-15.0%), from €27,502 to €23,378
of which Remuneration and social security: -€4,319
- Gross operating margin -€7,247
down €7,247 (-30.9%), from €23,429 to €16,181
- Other operating charges +€434
up €434 (+484%), from €90 to €524
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,958 | €132,903 | +€15,945 | +13.6% |
| Fixed assets | 21/28 | €1,210 | €1,221 | +€12 | +1.0% |
| Tangible fixed assets | 22/27 | €1,091 | €1,103 | +€12 | +1.1% |
| Plant, machinery and equipment | 23 | €1,091 | €1,103 | +€12 | +1.1% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €115,748 | €131,682 | +€15,934 | +13.8% |
| Amounts receivable within one year | 40/41 | - | €19,546 | +€19,546 | |
| Trade receivables | 40 | - | €19,287 | +€19,287 | |
| Other amounts receivable | 41 | - | €259 | +€259 | |
| Current investments | 50/53 | €110,641 | €100,343 | -€10,297 | -9.3% |
| Cash at bank and in hand | 54/58 | €4,326 | €11,792 | +€7,466 | +173% |
| Deferred charges and accrued income | 490/1 | €781 | - | -€781 | |
| Total equity and liabilities | 10/49 | €116,958 | €132,903 | +€15,945 | +13.6% |
| Equity | 10/15 | -€4,873 | €10,785 | +€15,658 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,846 | -€51,188 | +€15,658 | +23.4% |
| Amounts payable | 17/49 | €121,831 | €122,118 | +€287 | +0.2% |
| Amounts payable within one year | 42/48 | €121,831 | €122,118 | +€287 | +0.2% |
| Trade debts | 44 | €388 | - | -€388 | |
| Suppliers | 440/4 | €388 | - | -€388 | |
| Taxes, remuneration and social security | 45 | €27,502 | €23,378 | -€4,125 | -15.0% |
| Taxes | 450/3 | €742 | €936 | +€194 | +26.2% |
| Remuneration and social security | 454/9 | €26,761 | €22,442 | -€4,319 | -16.1% |
| Other amounts payable | 47/48 | €93,940 | €98,740 | +€4,800 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €826 | -€52 | -5.9% |
| Other operating charges | 640/8 | €90 | €524 | +€434 | +484% |
| Gross operating margin | 9900 | €23,429 | €16,181 | -€7,247 | -30.9% |
| Operating profit (loss) | 9901 | €22,461 | €14,832 | -€7,629 | -34.0% |
| Financial income | 75/76B | €598 | €827 | +€229 | +38.2% |
| Recurring financial income | 75 | €598 | €827 | +€229 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €23,059 | €15,658 | -€7,401 | -32.1% |
| Profit (loss) for the period | 9904 | €23,059 | €15,658 | -€7,401 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,059 | €15,658 | -€7,401 | -32.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.