PHAROS SUPPORT SERVICES: 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.
PHAROS SUPPORT SERVICES
Largest movements
- Receivables within one year +€668,099
up €668,099 (+8.7%), from €7.6m to €8.3m
of which Other amounts receivable: +€1.1m
- Deferred charges and accrued income -€415,277
down €415,277 (-73.6%), from €564,350 to €149,073
- Debts after one year +€563,142
up €563,142 (+8.0%), from €7.0m to €7.6m
- Trade debts -€307,195
down €307,195 (-55.9%), from €549,412 to €242,217
- Gross operating margin -€73,854
down €73,854 (-10.7%), from €692,313 to €618,459
- Financial charges +€41,658
up €41,658 (+8.0%), from €521,561 to €563,219
- Financial income +€16,294
up €16,294 (+14.2%), from €114,699 to €130,993
- Staff costs +€11,838
up €11,838 (+7.1%), from €165,633 to €177,471
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 | €8,343,334 | €8,614,167 | +€270,833 | +3.2% |
| Fixed assets | 21/28 | €7,830 | €4,839 | -€2,991 | -38.2% |
| Tangible fixed assets | 22/27 | €3,770 | €779 | -€2,991 | -79.3% |
| Plant, machinery and equipment | 23 | €3,770 | €779 | -€2,991 | -79.3% |
| Financial fixed assets | 28 | €4,060 | €4,060 | = | 0.0% |
| Current assets | 29/58 | €8,335,504 | €8,609,328 | +€273,824 | +3.3% |
| Amounts receivable within one year | 40/41 | €7,637,154 | €8,305,253 | +€668,099 | +8.7% |
| Trade receivables | 40 | €1,539,454 | €1,127,770 | -€411,684 | -26.7% |
| Other amounts receivable | 41 | €6,097,700 | €7,177,483 | +€1.1m | +17.7% |
| Cash at bank and in hand | 54/58 | €134,000 | €155,002 | +€21,002 | +15.7% |
| Deferred charges and accrued income | 490/1 | €564,350 | €149,073 | -€415,277 | -73.6% |
| Total equity and liabilities | 10/49 | €8,343,334 | €8,614,167 | +€270,833 | +3.2% |
| Equity | 10/15 | €726,320 | €728,337 | +€2,017 | +0.3% |
| Contributions | 10/11 | €61,973 | €61,974 | +€1 | 0.0% |
| Capital | 10 | €61,973 | €61,974 | +€1 | 0.0% |
| Issued capital | 100 | €61,973 | €61,974 | +€1 | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €658,150 | €660,166 | +€2,016 | +0.3% |
| Amounts payable | 17/49 | €7,617,014 | €7,885,830 | +€268,816 | +3.5% |
| Amounts payable after more than one year | 17 | €7,039,278 | €7,602,420 | +€563,142 | +8.0% |
| Financial debts | 170/4 | €7,039,278 | €7,602,420 | +€563,142 | +8.0% |
| Amounts payable within one year | 42/48 | €577,736 | €283,410 | -€294,326 | -50.9% |
| Trade debts | 44 | €549,412 | €242,217 | -€307,195 | -55.9% |
| Suppliers | 440/4 | €549,412 | €242,217 | -€307,195 | -55.9% |
| Taxes, remuneration and social security | 45 | €28,324 | €13,193 | -€15,131 | -53.4% |
| Taxes | 450/3 | €15,524 | - | -€15,524 | |
| Remuneration and social security | 454/9 | €12,800 | €13,193 | +€393 | +3.1% |
| Other amounts payable | 47/48 | - | €28,000 | +€28,000 | |
| Remuneration, social security and pensions | 62 | €165,633 | €177,471 | +€11,838 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,490 | €2,991 | -€499 | -14.3% |
| Other operating charges | 640/8 | €8,993 | €3,104 | -€5,889 | -65.5% |
| Gross operating margin | 9900 | €692,313 | €618,459 | -€73,854 | -10.7% |
| Operating profit (loss) | 9901 | €514,197 | €434,893 | -€79,304 | -15.4% |
| Financial income | 75/76B | €114,699 | €130,993 | +€16,294 | +14.2% |
| Recurring financial income | 75 | €114,699 | €130,993 | +€16,294 | +14.2% |
| Financial charges | 65/66B | €521,561 | €563,219 | +€41,658 | +8.0% |
| Recurring financial charges | 65 | €521,561 | €563,219 | +€41,658 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €107,335 | €2,667 | -€104,668 | -97.5% |
| Income taxes | 67/77 | - | €651 | +€651 | |
| Profit (loss) for the period | 9904 | €107,335 | €2,016 | -€105,319 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,335 | €2,016 | -€105,319 | -98.1% |
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 1 October 2026 via checked.be.