PHILIPPUS NERI: 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.
What changed
PHILIPPUS NERI
NACE 87.203, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · -€20.8m+€23.0m
Equity
€75.6m
2024 · €73.4m+€2.2m
Cash
€360,492
2024 · €174,523+€185,969
Balance sheet total
€79.3m
2024 · €77.1m+€2.2m
Largest movements
Assets
- Current investments +€8.4m
up €8.4m (+39.8%), from €21.1m to €29.6m
- Receivables after one year -€7.6m
down €7.6m (-15.9%), from €47.5m to €39.9m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+419%), from €274,400 to €1.4m
- Reserves +€1.1m
up €1.1m (+24.0%), from €4.5m to €5.6m
Income statement
- Gross operating margin +€686,819
up €686,819 (+41.0%), from €1.7m to €2.4m
- Financial income +€496,016
up €496,016 (+134%), from €371,095 to €867,111
- Financial charges -€127,809
down €127,809 (-72.4%), from €176,525 to €48,716
- Taxes +€97,139
new in 2025: €97,139
- Depreciation +€30,513
up €30,513 (+23.4%), from €130,465 to €160,978
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.
Result 2024
-€20.8m
Gross operating margin
+€686,819
Depreciation
-€30,513
Other operating charges
+€2,024
Other operating items
+€21.8m
Financial income
+€496,016
Financial charges
+€127,809
Taxes
-€97,139
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€9.2m
Investment
-€9.0m
Financing
€0
Cash 2024
€174,523
From operations (derived)
+€9.2m
Net result for the year
+€2.2m
Depreciation
+€160,978
Receivables after one year
+€7.6m
Receivables within one year
-€792,520
Deferred charges and accrued income
+€64,744
Debts within one year
-€92,253
Accrued charges and deferred income
+€56,825
Investment (derived)
-€9.0m
Investment in fixed assets (net)
-€596,560
Current investments
-€8.4m
Cash 2025
€360,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,090,718 | €79,285,990 | +€2.2m | +2.8% |
| Fixed assets | 21/28 | €3,104,256 | €3,539,838 | +€435,582 | +14.0% |
| Tangible fixed assets | 22/27 | €3,076,988 | €3,512,570 | +€435,582 | +14.2% |
| Land and buildings | 22 | €2,342,517 | €2,736,458 | +€393,941 | +16.8% |
| Other tangible fixed assets | 26 | €734,471 | €733,430 | -€1,041 | -0.1% |
| Assets under construction and advance payments | 27 | - | €42,682 | +€42,682 | |
| Financial fixed assets | 28 | €27,268 | €27,268 | = | 0.0% |
| Current assets | 29/58 | €73,986,462 | €75,746,152 | +€1.8m | +2.4% |
| Amounts receivable after more than one year | 29 | €47,497,496 | €39,922,379 | -€7.6m | -15.9% |
| Other amounts receivable | 291 | €47,497,496 | €39,922,379 | -€7.6m | -15.9% |
| Amounts receivable within one year | 40/41 | €5,104,648 | €5,897,168 | +€792,520 | +15.5% |
| Trade receivables | 40 | €494,339 | €251,211 | -€243,128 | -49.2% |
| Other amounts receivable | 41 | €4,610,309 | €5,645,957 | +€1.0m | +22.5% |
| Current investments | 50/53 | €21,134,909 | €29,555,971 | +€8.4m | +39.8% |
| Cash at bank and in hand | 54/58 | €174,523 | €360,492 | +€185,969 | +107% |
| Deferred charges and accrued income | 490/1 | €74,886 | €10,142 | -€64,744 | -86.5% |
| Total equity and liabilities | 10/49 | €77,090,718 | €79,285,990 | +€2.2m | +2.8% |
| Equity | 10/15 | €73,379,590 | €75,610,290 | +€2.2m | +3.0% |
| Contributions | 10/11 | €68,605,190 | €68,605,190 | = | 0.0% |
| Capital | 10 | €68,605,190 | €68,605,190 | = | 0.0% |
| Reserves | 13 | €4,500,000 | €5,580,190 | +€1.1m | +24.0% |
| Profit (loss) carried forward | 14 | €274,400 | €1,424,910 | +€1.2m | +419% |
| Provisions and deferred taxes | 16 | €550,000 | €550,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €550,000 | €550,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €550,000 | €550,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,161,128 | €3,125,700 | -€35,428 | -1.1% |
| Amounts payable within one year | 42/48 | €3,048,879 | €2,956,626 | -€92,253 | -3.0% |
| Trade debts | 44 | €469,955 | €674,241 | +€204,286 | +43.5% |
| Suppliers | 440/4 | €469,955 | €674,241 | +€204,286 | +43.5% |
| Taxes, remuneration and social security | 45 | - | €7,385 | +€7,385 | |
| Taxes | 450/3 | - | €7,385 | +€7,385 | |
| Accrued charges and deferred income | 492/3 | €112,249 | €169,074 | +€56,825 | +50.6% |
| Non-recurring operating income | 76A | €150,000 | €693,237 | +€543,237 | +362% |
| Goods, raw materials, services and sundry goods | 60/61 | €94,584 | €88,687 | -€5,897 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,465 | €160,978 | +€30,513 | +23.4% |
| Other operating charges | 640/8 | €42,895 | €40,871 | -€2,024 | -4.7% |
| Non-recurring operating charges | 66A | €22,490,000 | €649,471 | -€21.8m | -97.1% |
| Gross operating margin | 9900 | €1,673,945 | €2,360,764 | +€686,819 | +41.0% |
| Operating profit (loss) | 9901 | -€20,989,415 | €1,509,444 | +€22.5m | |
| Financial income | 75/76B | €371,095 | €867,111 | +€496,016 | +134% |
| Recurring financial income | 75 | €371,095 | €867,111 | +€496,016 | +134% |
| Financial charges | 65/66B | €176,525 | €48,716 | -€127,809 | -72.4% |
| Recurring financial charges | 65 | €176,525 | €48,716 | -€127,809 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,794,845 | €2,327,839 | +€23.1m | |
| Income taxes | 67/77 | - | €97,139 | +€97,139 | |
| Profit (loss) for the period | 9904 | -€20,794,845 | €2,230,700 | +€23.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,794,845 | €2,230,700 | +€23.0m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.