PHAROS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€1
down €1 (-10.0%), from €10 to €9
mainly Net result for the year (-€327)
- Profit (loss) carried forward -€326
down €326 (-0.9%), from -€36,062 to -€36,388
- Other debts +€325
up €325 (+1.9%), from €17,072 to €17,397
- Other operating charges +€387
new in 2025: €387
- Purchases and services +€22
up €22 (+8.7%), from €254 to €276
- Gross operating margin +€15
up €15 (+16.1%), from €93 to €108
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 | €10 | €9 | -€1 | -10.0% |
| Current assets | 29/58 | €10 | €9 | -€1 | -10.0% |
| Cash at bank and in hand | 54/58 | €10 | €9 | -€1 | -10.0% |
| Total equity and liabilities | 10/49 | €10 | €9 | -€1 | -10.0% |
| Equity | 10/15 | -€17,062 | -€17,388 | -€326 | -1.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,062 | -€36,388 | -€326 | -0.9% |
| Amounts payable | 17/49 | €17,072 | €17,397 | +€325 | +1.9% |
| Amounts payable within one year | 42/48 | €17,072 | €17,397 | +€325 | +1.9% |
| Other amounts payable | 47/48 | €17,072 | €17,397 | +€325 | +1.9% |
| Non-recurring operating income | 76A | €347 | €384 | +€37 | +10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €254 | €276 | +€22 | +8.7% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €93 | €108 | +€15 | +16.1% |
| Operating profit (loss) | 9901 | €93 | -€279 | -€372 | |
| Financial charges | 65/66B | €48 | €48 | = | 0.0% |
| Recurring financial charges | 65 | €48 | €48 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €45 | -€327 | -€372 | |
| Profit (loss) for the period | 9904 | €45 | -€327 | -€372 | |
| Profit (loss) for the period to be appropriated | 9905 | €45 | -€327 | -€372 |
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 12 October 2026 via checked.be.