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.
Philippus Neri
Largest movements
- Cash -€2.6m
down €2.6m (-86.3%), from €3.0m to €411,538
mainly Current investments (-€2.3m) and Investment in fixed assets (net) (-€1.3m)
- Current investments +€2.3m
up €2.3m (+46.0%), from €5.0m to €7.3m
- Tangible fixed assets +€940,519
up €940,519 (+11.3%), from €8.3m to €9.3m
of which Other tangible fixed assets: +€993,371
- Debts within one year +€388,716
up €388,716 (+174%), from €223,712 to €612,428
of which Trade debts: +€210,784
- Profit (loss) carried forward +€337,578
up €337,578 (+4.9%), from €6.9m to €7.3m
- Gross operating margin +€90,474
up €90,474 (+13.7%), from €658,653 to €749,127
- Depreciation +€70,390
up €70,390 (+18.9%), from €372,301 to €442,691
- Financial income -€32,525
down €32,525 (-17.1%), from €190,444 to €157,920
of which Financial income: -€32,386
- Financial charges +€27,673
up €27,673 (+71.2%), from €38,882 to €66,554
of which Financial charges: +€28,119
- Taxes -€21,664
down €21,664 (-40.1%), from €53,997 to €32,333
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,107,908 | €19,734,202 | +€626,294 | +3.3% |
| Formation expenses | 20 | €5,888 | €2,654 | -€3,235 | -54.9% |
| Fixed assets | 21/28 | €8,485,628 | €9,393,147 | +€907,519 | +10.7% |
| Tangible fixed assets | 22/27 | €8,328,783 | €9,269,302 | +€940,519 | +11.3% |
| Land and buildings | 22 | €7,940,505 | €7,930,268 | -€10,237 | -0.1% |
| Furniture and vehicles | 24 | €20,403 | €25,053 | +€4,650 | +22.8% |
| Other tangible fixed assets | 26 | €320,611 | €1,313,981 | +€993,371 | +310% |
| Assets under construction and advance payments | 27 | €47,264 | - | -€47,264 | |
| Financial fixed assets | 28 | €156,845 | €123,845 | -€33,000 | -21.0% |
| Current assets | 29/58 | €10,616,391 | €10,338,401 | -€277,990 | -2.6% |
| Amounts receivable after more than one year | 29 | €2,002,400 | €1,902,400 | -€100,000 | -5.0% |
| Other amounts receivable | 291 | €2,002,400 | €1,902,400 | -€100,000 | -5.0% |
| Amounts receivable within one year | 40/41 | €327,621 | €372,957 | +€45,336 | +13.8% |
| Trade receivables | 40 | €93,854 | €139,262 | +€45,408 | +48.4% |
| Other amounts receivable | 41 | €233,766 | €233,695 | -€72 | 0.0% |
| Current investments | 50/53 | €4,982,311 | €7,272,008 | +€2.3m | +46.0% |
| Cash at bank and in hand | 54/58 | €3,000,305 | €411,538 | -€2.6m | -86.3% |
| Deferred charges and accrued income | 490/1 | €303,755 | €379,499 | +€75,744 | +24.9% |
| Total equity and liabilities | 10/49 | €19,107,908 | €19,734,202 | +€626,294 | +3.3% |
| Equity | 10/15 | €16,784,196 | €17,121,774 | +€337,578 | +2.0% |
| Contributions | 10/11 | €9,858,023 | €9,858,023 | = | 0.0% |
| Capital | 10 | €9,858,023 | €9,858,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,926,173 | €7,263,751 | +€337,578 | +4.9% |
| Amounts payable | 17/49 | €2,323,712 | €2,612,428 | +€288,716 | +12.4% |
| Amounts payable within one year | 42/48 | €223,712 | €612,428 | +€388,716 | +174% |
| Trade debts | 44 | €134,418 | €345,202 | +€210,784 | +157% |
| Suppliers | 440/4 | €134,418 | €345,202 | +€210,784 | +157% |
| Advances received on contracts in progress | 46 | €70,943 | - | -€70,943 | |
| Taxes, remuneration and social security | 45 | €840 | €8,155 | +€7,315 | +871% |
| Taxes | 450/3 | €840 | €8,155 | +€7,315 | +871% |
| Accrued charges and deferred income | 492/3 | €2,100,000 | €2,000,000 | -€100,000 | -4.8% |
| Non-recurring operating income | 76A | €932 | - | -€932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,301 | €442,691 | +€70,390 | +18.9% |
| Other operating charges | 640/8 | €19,298 | €27,891 | +€8,593 | +44.5% |
| Gross operating margin | 9900 | €658,653 | €749,127 | +€90,474 | +13.7% |
| Operating profit (loss) | 9901 | €267,054 | €278,545 | +€11,491 | +4.3% |
| Financial income | 75/76B | €190,444 | €157,920 | -€32,525 | -17.1% |
| Recurring financial income | 75 | €189,649 | €157,263 | -€32,386 | -17.1% |
| Non-recurring financial income | 76B | €795 | €657 | -€138 | -17.4% |
| Financial charges | 65/66B | €38,882 | €66,554 | +€27,673 | +71.2% |
| Recurring financial charges | 65 | €37,303 | €65,422 | +€28,119 | +75.4% |
| Non-recurring financial charges | 66B | €1,579 | €1,133 | -€447 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €418,617 | €369,911 | -€48,706 | -11.6% |
| Income taxes | 67/77 | €53,997 | €32,333 | -€21,664 | -40.1% |
| Profit (loss) for the period | 9904 | €364,619 | €337,578 | -€27,041 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €364,619 | €337,578 | -€27,041 | -7.4% |
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 17 October 2026 via checked.be.