NUPHAR: 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.
NUPHAR
Largest movements
- Stocks and contracts -€27,376
down €27,376 (-14.3%), from €191,259 to €163,883
- Receivables within one year +€21,737
up €21,737 (+19.6%), from €110,751 to €132,488
of which Other amounts receivable: +€31,617
- Cash +€11,055
up €11,055 (+321.7%), from €3,437 to €14,492
mainly Trade debts (+€47,384) and Short-term financial debts (+€35,717)
- Current portion of long-term debt -€53,547
down €53,547 (-86.5%), from €61,899 to €8,351
- Trade debts +€47,384
up €47,384 (+32.9%), from €144,010 to €191,394
- Short-term financial debts +€35,717
up €35,717 (+250.1%), from €14,283 to €50,000
- Reserves -€24,965
down €24,965 (-39.8%), from €62,731 to €37,766
- Gross operating margin -€79,100
down €79,100, from €70,286 to -€8,814
- Financial income +€16,760
up €16,760 (+523.2%), from €3,203 to €19,964
- Other operating charges +€11,975
up €11,975 (+75.6%), from €15,844 to €27,820
- Financial charges -€7,409
down €7,409 (-50.9%), from €14,562 to €7,153
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 | €310,667 | €316,537 | +€5,870 | +1.9% |
| Fixed assets | 21/28 | €1,201 | €1,346 | +€145 | +12.1% |
| Tangible fixed assets | 22/27 | €1,201 | €1,346 | +€145 | +12.1% |
| Furniture and vehicles | 24 | €1,201 | €1,346 | +€145 | +12.1% |
| Current assets | 29/58 | €309,466 | €315,191 | +€5,724 | +1.8% |
| Stocks and contracts in progress | 3 | €191,259 | €163,883 | -€27,376 | -14.3% |
| Stocks | 30/36 | €191,259 | €163,883 | -€27,376 | -14.3% |
| Amounts receivable within one year | 40/41 | €110,751 | €132,488 | +€21,737 | +19.6% |
| Trade receivables | 40 | €58,960 | €49,080 | -€9,880 | -16.8% |
| Other amounts receivable | 41 | €51,791 | €83,408 | +€31,617 | +61.0% |
| Cash at bank and in hand | 54/58 | €3,437 | €14,492 | +€11,055 | +321.7% |
| Deferred charges and accrued income | 490/1 | €4,020 | €4,327 | +€308 | +7.7% |
| Total equity and liabilities | 10/49 | €310,667 | €316,537 | +€5,870 | +1.9% |
| Equity | 10/15 | €81,331 | €56,366 | -€24,965 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,731 | €37,766 | -€24,965 | -39.8% |
| Distributable reserves | 133 | €62,731 | €37,766 | -€24,965 | -39.8% |
| Amounts payable | 17/49 | €229,336 | €260,170 | +€30,834 | +13.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €229,336 | €258,670 | +€29,334 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €61,899 | €8,351 | -€53,547 | -86.5% |
| Financial debts | 43 | €14,283 | €50,000 | +€35,717 | +250.1% |
| Credit institutions | 430/8 | €14,283 | €50,000 | +€35,717 | +250.1% |
| Trade debts | 44 | €144,010 | €191,394 | +€47,384 | +32.9% |
| Suppliers | 440/4 | €144,010 | €191,394 | +€47,384 | +32.9% |
| Taxes, remuneration and social security | 45 | €9,145 | €8,925 | -€220 | -2.4% |
| Taxes | 450/3 | €9,145 | €8,925 | -€220 | -2.4% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €941 | -€526 | -35.8% |
| Other operating charges | 640/8 | €15,844 | €27,820 | +€11,975 | +75.6% |
| Gross operating margin | 9900 | €70,286 | -€8,814 | -€79,100 | |
| Operating profit (loss) | 9901 | €52,975 | -€37,575 | -€90,549 | |
| Financial income | 75/76B | €3,203 | €19,964 | +€16,760 | +523.2% |
| Recurring financial income | 75 | €3,203 | €19,964 | +€16,760 | +523.2% |
| Financial charges | 65/66B | €14,562 | €7,153 | -€7,409 | -50.9% |
| Recurring financial charges | 65 | €14,562 | €7,153 | -€7,409 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €41,616 | -€24,764 | -€66,380 | |
| Income taxes | 67/77 | €218 | €200 | -€18 | -8.1% |
| Profit (loss) for the period | 9904 | €41,398 | -€24,965 | -€66,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,398 | -€24,965 | -€66,363 |
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 7 October 2026 via checked.be.