AERTS-JANSSENS: what changed
What changed
AERTS-JANSSENS
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€43,904
2024 · €44,161-€258
Equity
€1.4m
2024 · €1.4m+€43,904
Cash
€37,989
2024 · €183,653-€145,664
Balance sheet total
€1.6m
2024 · €1.6m-€6,237
Largest movements
Assets
- Current investments +€150,937
up €150,937 (+14.7%), from €1.0m to €1.2m
- Cash -€145,664
down €145,664 (-79.3%), from €183,653 to €37,989
mainly Current investments (-€150,937) and Other debts (-€44,376)
Equity and liabilities
- Other debts -€44,376
down €44,376 (-18.2%), from €244,240 to €199,864
- Reserves +€43,904
up €43,904 (+3.2%), from €1.4m to €1.4m
Income statement
- Gross operating margin +€49,089
up €49,089 (+178%), from €27,525 to €76,614
- Financial income -€48,910
down €48,910 (-89.8%), from €54,492 to €5,582
- Financial charges -€3,575
down €3,575 (-27.0%), from €13,226 to €9,651
- Depreciation +€2,885
up €2,885 (+19.2%), from €15,056 to €17,941
- Taxes +€2,126
up €2,126 (+38.8%), from €5,478 to €7,604
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,161
Gross operating margin
+€49,089
Depreciation
-€2,885
Other operating charges
+€999
Financial income
-€48,910
Financial charges
+€3,575
Taxes
-€2,126
Result 2025
€43,904
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24,038
Investment
-€169,905
Financing
+€203
Cash 2024
€183,653
From operations (derived)
+€24,038
Net result for the year
+€43,904
Depreciation
+€17,941
Receivables within one year
+€12,200
Smaller working-capital items
+€167
Tax, wage and social debts
-€508
Other debts
-€44,376
Accrued charges and deferred income
-€5,290
Investment (derived)
-€169,905
Investment in fixed assets (net)
-€18,968
Current investments
-€150,937
Financing
+€203
Short-term financial debts
+€203
Cash 2025
€37,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,649,294 | €1,643,058 | -€6,237 | -0.4% |
| Fixed assets | 21/28 | €410,665 | €411,692 | +€1,027 | +0.3% |
| Tangible fixed assets | 22/27 | €410,665 | €411,692 | +€1,027 | +0.3% |
| Land and buildings | 22 | €404,274 | €391,642 | -€12,633 | -3.1% |
| Plant, machinery and equipment | 23 | €5,238 | €553 | -€4,685 | -89.4% |
| Furniture and vehicles | 24 | €1,152 | €19,497 | +€18,345 | +1,592% |
| Current assets | 29/58 | €1,238,629 | €1,231,366 | -€7,263 | -0.6% |
| Amounts receivable within one year | 40/41 | €23,046 | €10,846 | -€12,200 | -52.9% |
| Trade receivables | 40 | €11,415 | €10,534 | -€881 | -7.7% |
| Other amounts receivable | 41 | €11,632 | €312 | -€11,320 | -97.3% |
| Current investments | 50/53 | €1,029,063 | €1,180,000 | +€150,937 | +14.7% |
| Cash at bank and in hand | 54/58 | €183,653 | €37,989 | -€145,664 | -79.3% |
| Deferred charges and accrued income | 490/1 | €2,868 | €2,531 | -€337 | -11.7% |
| Total equity and liabilities | 10/49 | €1,649,294 | €1,643,058 | -€6,237 | -0.4% |
| Equity | 10/15 | €1,388,821 | €1,432,725 | +€43,904 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,370,221 | €1,414,125 | +€43,904 | +3.2% |
| Distributable reserves | 133 | €1,370,221 | €1,414,125 | +€43,904 | +3.2% |
| Amounts payable | 17/49 | €260,473 | €210,333 | -€50,140 | -19.2% |
| Amounts payable within one year | 42/48 | €246,363 | €201,512 | -€44,851 | -18.2% |
| Financial debts | 43 | - | €203 | +€203 | |
| Credit institutions | 430/8 | - | €203 | +€203 | |
| Trade debts | 44 | €441 | €271 | -€170 | -38.5% |
| Suppliers | 440/4 | €441 | €271 | -€170 | -38.5% |
| Taxes, remuneration and social security | 45 | €1,682 | €1,174 | -€508 | -30.2% |
| Taxes | 450/3 | €1,682 | €1,174 | -€508 | -30.2% |
| Other amounts payable | 47/48 | €244,240 | €199,864 | -€44,376 | -18.2% |
| Accrued charges and deferred income | 492/3 | €14,110 | €8,820 | -€5,290 | -37.5% |
| Non-recurring operating income | 76A | - | €5,200 | +€5,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,056 | €17,941 | +€2,885 | +19.2% |
| Other operating charges | 640/8 | €4,095 | €3,096 | -€999 | -24.4% |
| Gross operating margin | 9900 | €27,525 | €76,614 | +€49,089 | +178% |
| Operating profit (loss) | 9901 | €8,373 | €55,577 | +€47,204 | +564% |
| Financial income | 75/76B | €54,492 | €5,582 | -€48,910 | -89.8% |
| Recurring financial income | 75 | €54,492 | €5,582 | -€48,910 | -89.8% |
| Financial charges | 65/66B | €13,226 | €9,651 | -€3,575 | -27.0% |
| Recurring financial charges | 65 | €13,226 | €9,651 | -€3,575 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €49,639 | €51,508 | +€1,869 | +3.8% |
| Income taxes | 67/77 | €5,478 | €7,604 | +€2,126 | +38.8% |
| Profit (loss) for the period | 9904 | €44,161 | €43,904 | -€258 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,161 | €43,904 | -€258 | -0.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.