NN Phar: 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.
NN Phar
Largest movements
- Cash +€1,407
up €1,407 (+111.8%), from €1,259 to €2,666
mainly Depreciation (+€1,050) and Net result for the year (+€727)
- Receivables within one year -€519
down €519 (-4.2%), from €12,389 to €11,870
of which Trade receivables: -€508
- Tangible fixed assets +€297
up €297 (+16.8%), from €1,765 to €2,061
- Deferred charges and accrued income -€273
down €273 (-60.9%), from €448 to €175
- Profit (loss) carried forward +€727
up €727 (+17.0%), from €4,270 to €4,997
- Accrued charges and deferred income +€180
new in 2025: €180
- Gross operating margin -€2,392
down €2,392 (-31.1%), from €7,703 to €5,311
- Other operating charges -€865
down €865 (-54.3%), from €1,592 to €727
- Taxes -€350
down €350 (-26.0%), from €1,346 to €996
- Financial charges +€299
up €299 (+19.7%), from €1,522 to €1,821
- Depreciation +€177
up €177 (+20.3%), from €873 to €1,050
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 | €15,861 | €16,773 | +€912 | +5.8% |
| Fixed assets | 21/28 | €1,765 | €2,061 | +€297 | +16.8% |
| Tangible fixed assets | 22/27 | €1,765 | €2,061 | +€297 | +16.8% |
| Furniture and vehicles | 24 | €1,765 | €2,061 | +€297 | +16.8% |
| Current assets | 29/58 | €14,096 | €14,712 | +€616 | +4.4% |
| Amounts receivable within one year | 40/41 | €12,389 | €11,870 | -€519 | -4.2% |
| Trade receivables | 40 | €12,124 | €11,617 | -€508 | -4.2% |
| Other amounts receivable | 41 | €265 | €254 | -€11 | -4.1% |
| Cash at bank and in hand | 54/58 | €1,259 | €2,666 | +€1,407 | +111.8% |
| Deferred charges and accrued income | 490/1 | €448 | €175 | -€273 | -60.9% |
| Total equity and liabilities | 10/49 | €15,861 | €16,773 | +€912 | +5.8% |
| Equity | 10/15 | €5,770 | €6,497 | +€727 | +12.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,270 | €4,997 | +€727 | +17.0% |
| Amounts payable | 17/49 | €10,091 | €10,277 | +€186 | +1.8% |
| Amounts payable within one year | 42/48 | €10,091 | €10,097 | +€6 | +0.1% |
| Trade debts | 44 | €148 | - | -€148 | |
| Suppliers | 440/4 | €148 | - | -€148 | |
| Taxes, remuneration and social security | 45 | €6,318 | €6,469 | +€150 | +2.4% |
| Taxes | 450/3 | €6,318 | €6,469 | +€150 | +2.4% |
| Other amounts payable | 47/48 | €3,625 | €3,628 | +€3 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €1,050 | +€177 | +20.3% |
| Other operating charges | 640/8 | €1,592 | €727 | -€865 | -54.3% |
| Gross operating margin | 9900 | €7,703 | €5,311 | -€2,392 | -31.1% |
| Operating profit (loss) | 9901 | €5,239 | €3,534 | -€1,705 | -32.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,522 | €1,821 | +€299 | +19.7% |
| Recurring financial charges | 65 | €1,522 | €1,821 | +€299 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €3,716 | €1,723 | -€1,994 | -53.6% |
| Income taxes | 67/77 | €1,346 | €996 | -€350 | -26.0% |
| Profit (loss) for the period | 9904 | €2,370 | €727 | -€1,644 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,370 | €727 | -€1,644 | -69.3% |
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 4 October 2026 via checked.be.