PHARMANN: 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.
PHARMANN
Largest movements
- Cash +€70,954
up €70,954 (+70.5%), from €100,611 to €171,565
mainly Other debts (+€153,445) and Net result for the year (+€103,664)
- Tangible fixed assets -€46,860
down €46,860 (-9.7%), from €484,632 to €437,771
of which Furniture and vehicles: -€32,004
- Current investments +€17,345
up €17,345 (+66.0%), from €26,295 to €43,640
- Other debts +€153,445
up €153,445 (+161%), from €95,110 to €248,556
- Reserves -€83,738
down €83,738 (-7.3%), from €1.2m to €1.1m
- Debts after one year -€23,000
down €23,000 (-25.0%), from €92,000 to €69,000
of which Financial debts: -€23,000
- Gross operating margin -€51,672
down €51,672 (-20.4%), from €253,872 to €202,199
- Taxes -€15,331
down €15,331 (-26.2%), from €58,586 to €43,255
- Financial charges -€3,193
down €3,193 (-29.2%), from €10,917 to €7,724
- Financial income +€3,048
up €3,048 (+478%), from €638 to €3,686
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,420,049 | €1,457,976 | +€37,927 | +2.7% |
| Fixed assets | 21/28 | €1,248,472 | €1,201,611 | -€46,860 | -3.8% |
| Tangible fixed assets | 22/27 | €484,632 | €437,771 | -€46,860 | -9.7% |
| Land and buildings | 22 | €373,286 | €358,430 | -€14,856 | -4.0% |
| Furniture and vehicles | 24 | €111,346 | €79,341 | -€32,004 | -28.7% |
| Financial fixed assets | 28 | €763,840 | €763,840 | = | 0.0% |
| Current assets | 29/58 | €171,577 | €256,364 | +€84,787 | +49.4% |
| Amounts receivable within one year | 40/41 | €39,784 | €37,403 | -€2,381 | -6.0% |
| Trade receivables | 40 | €39,784 | €24,185 | -€15,599 | -39.2% |
| Other amounts receivable | 41 | €0 | €13,218 | +€13,218 | |
| Current investments | 50/53 | €26,295 | €43,640 | +€17,345 | +66.0% |
| Cash at bank and in hand | 54/58 | €100,611 | €171,565 | +€70,954 | +70.5% |
| Deferred charges and accrued income | 490/1 | €4,887 | €3,756 | -€1,131 | -23.1% |
| Total equity and liabilities | 10/49 | €1,420,049 | €1,457,976 | +€37,927 | +2.7% |
| Equity | 10/15 | €1,168,902 | €1,085,164 | -€83,738 | -7.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,150,352 | €1,066,614 | -€83,738 | -7.3% |
| Distributable reserves | 133 | €1,150,352 | €1,066,614 | -€83,738 | -7.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €251,147 | €372,811 | +€121,664 | +48.4% |
| Amounts payable after more than one year | 17 | €92,000 | €69,000 | -€23,000 | -25.0% |
| Financial debts | 170/4 | €92,000 | €69,000 | -€23,000 | -25.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €150,263 | €297,770 | +€147,507 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | €23,000 | €23,000 | = | 0.0% |
| Trade debts | 44 | €3,692 | €5,331 | +€1,639 | +44.4% |
| Suppliers | 440/4 | €3,692 | €5,331 | +€1,639 | +44.4% |
| Taxes, remuneration and social security | 45 | €28,461 | €20,883 | -€7,578 | -26.6% |
| Taxes | 450/3 | €23,806 | €16,072 | -€7,734 | -32.5% |
| Remuneration and social security | 454/9 | €4,655 | €4,811 | +€156 | +3.4% |
| Other amounts payable | 47/48 | €95,110 | €248,556 | +€153,445 | +161% |
| Accrued charges and deferred income | 492/3 | €8,885 | €6,042 | -€2,843 | -32.0% |
| Non-recurring operating income | 76A | €19,191 | €0 | -€19,191 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,009 | €46,860 | +€852 | +1.9% |
| Other operating charges | 640/8 | €4,340 | €4,382 | +€42 | +1.0% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -100% |
| Gross operating margin | 9900 | €253,872 | €202,199 | -€51,672 | -20.4% |
| Operating profit (loss) | 9901 | €203,470 | €150,957 | -€52,513 | -25.8% |
| Financial income | 75/76B | €638 | €3,686 | +€3,048 | +478% |
| Recurring financial income | 75 | €638 | €3,686 | +€3,048 | +478% |
| Financial charges | 65/66B | €10,917 | €7,724 | -€3,193 | -29.2% |
| Recurring financial charges | 65 | €10,917 | €7,724 | -€3,193 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €193,191 | €146,919 | -€46,272 | -24.0% |
| Income taxes | 67/77 | €58,586 | €43,255 | -€15,331 | -26.2% |
| Profit (loss) for the period | 9904 | €134,605 | €103,664 | -€30,941 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,605 | €103,664 | -€30,941 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.