Neapharma: 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.
Neapharma
Largest movements
- Cash +€34,974
up €34,974 (+217.7%), from €16,068 to €51,041
mainly Trade debts (+€27,358) and Stocks and contracts (+€20,500)
- Stocks and contracts -€20,500
down €20,500 (-14.9%), from €137,500 to €117,000
- Receivables within one year +€9,622
up €9,622 (+29.5%), from €32,595 to €42,217
of which Trade receivables: +€7,606
- Tangible fixed assets -€5,878
down €5,878 (-44.4%), from €13,244 to €7,366
of which Other tangible fixed assets: -€3,005
- Intangible fixed assets -€3,360
down €3,360 (-80.0%), from €4,200 to €840
- Trade debts +€27,358
up €27,358 (+93.3%), from €29,309 to €56,667
- Tax, wage and social debts -€6,557
down €6,557 (-91.4%), from €7,174 to €617
of which Taxes: -€6,557
- Reserves -€5,946
down €5,946 (-5.8%), from €102,969 to €97,022
of which Distributable reserves: -€5,946
- Other debts +€3,229
up €3,229 (+6.6%), from €48,828 to €52,056
- Current portion of long-term debt -€3,045
down €3,045 (-100.0%), from €3,045 to €0
- Taxes +€12,936
up €12,936, from -€3,347 to €9,589
- Other operating charges +€11,349
up €11,349 (+985.2%), from €1,152 to €12,500
- Depreciation -€7,511
down €7,511 (-37.6%), from €19,974 to €12,463
- Financial charges -€1,698
down €1,698 (-97.5%), from €1,741 to €43
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 | €206,324 | €221,363 | +€15,039 | +7.3% |
| Fixed assets | 21/28 | €20,044 | €10,806 | -€9,238 | -46.1% |
| Intangible fixed assets | 21 | €4,200 | €840 | -€3,360 | -80.0% |
| Tangible fixed assets | 22/27 | €13,244 | €7,366 | -€5,878 | -44.4% |
| Plant, machinery and equipment | 23 | €5,344 | €3,405 | -€1,939 | -36.3% |
| Furniture and vehicles | 24 | €4,308 | €3,373 | -€935 | -21.7% |
| Other tangible fixed assets | 26 | €3,592 | €588 | -€3,005 | -83.6% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €186,280 | €210,557 | +€24,277 | +13.0% |
| Stocks and contracts in progress | 3 | €137,500 | €117,000 | -€20,500 | -14.9% |
| Stocks | 30/36 | €137,500 | €117,000 | -€20,500 | -14.9% |
| Amounts receivable within one year | 40/41 | €32,595 | €42,217 | +€9,622 | +29.5% |
| Trade receivables | 40 | €22,966 | €30,572 | +€7,606 | +33.1% |
| Other amounts receivable | 41 | €9,629 | €11,645 | +€2,017 | +20.9% |
| Cash at bank and in hand | 54/58 | €16,068 | €51,041 | +€34,974 | +217.7% |
| Deferred charges and accrued income | 490/1 | €118 | €299 | +€181 | +153.6% |
| Total equity and liabilities | 10/49 | €206,324 | €221,363 | +€15,039 | +7.3% |
| Equity | 10/15 | €117,969 | €112,022 | -€5,946 | -5.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €102,969 | €97,022 | -€5,946 | -5.8% |
| Non-distributable reserves | 130/1 | €1,962 | €1,962 | = | 0.0% |
| Other | 1319 | €1,962 | €1,962 | = | 0.0% |
| Distributable reserves | 133 | €101,007 | €95,060 | -€5,946 | -5.9% |
| Amounts payable | 17/49 | €88,355 | €109,340 | +€20,985 | +23.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €88,355 | €109,340 | +€20,985 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €3,045 | €0 | -€3,045 | -100.0% |
| Trade debts | 44 | €29,309 | €56,667 | +€27,358 | +93.3% |
| Suppliers | 440/4 | €29,309 | €56,667 | +€27,358 | +93.3% |
| Taxes, remuneration and social security | 45 | €7,174 | €617 | -€6,557 | -91.4% |
| Taxes | 450/3 | €7,174 | €617 | -€6,557 | -91.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €48,828 | €52,056 | +€3,229 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,974 | €12,463 | -€7,511 | -37.6% |
| Other operating charges | 640/8 | €1,152 | €12,500 | +€11,349 | +985.2% |
| Gross operating margin | 9900 | €28,662 | €28,649 | -€14 | 0.0% |
| Operating profit (loss) | 9901 | €7,536 | €3,685 | -€3,851 | -51.1% |
| Financial income | 75/76B | €102 | €0 | -€102 | -99.8% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -99.8% |
| Financial charges | 65/66B | €1,741 | €43 | -€1,698 | -97.5% |
| Recurring financial charges | 65 | €1,741 | €43 | -€1,698 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €5,897 | €3,642 | -€2,255 | -38.2% |
| Income taxes | 67/77 | -€3,347 | €9,589 | +€12,936 | |
| Profit (loss) for the period | 9904 | €9,244 | -€5,946 | -€15,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | -€5,946 | -€15,190 |
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 8 October 2026 via checked.be.