APOTEEK DE FRE: what changed
What changed
APOTEEK DE FRE
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€61,182
2024 · €97,594-€36,412
Equity
€109,531
2024 · €109,448+€82
Cash
€113,238
2024 · €72,901+€40,338
Balance sheet total
€1.2m
2024 · €948,227+€269,668
Largest movements
Assets
- Tangible fixed assets +€231,116
up €231,116 (+40.7%), from €567,543 to €798,659
of which Land and buildings: +€255,090
- Cash +€40,338
up €40,338 (+55.3%), from €72,901 to €113,238
mainly Debts after one year (+€246,556) and Depreciation (+€71,893)
- Stocks and contracts +€21,873
up €21,873 (+13.1%), from €166,577 to €188,450
- Receivables within one year -€16,854
down €16,854 (-17.1%), from €98,301 to €81,447
of which Other amounts receivable: -€28,597
Equity and liabilities
- Debts after one year +€246,556
up €246,556 (+42.1%), from €586,038 to €832,594
- Trade debts +€19,911
up €19,911 (+27.5%), from €72,478 to €92,390
Income statement
- Gross operating margin +€47,133
up €47,133 (+17.3%), from €272,313 to €319,447
- Staff costs +€44,313
up €44,313 (+53.5%), from €82,863 to €127,175
- Other operating charges +€35,462
up €35,462 (+1,936%), from €1,832 to €37,294
- Depreciation +€3,800
up €3,800 (+5.6%), from €68,093 to €71,893
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
€97,594
Gross operating margin
+€47,133
Staff costs
-€44,313
Depreciation
-€3,800
Other operating charges
-€35,462
Financial income
-€471
Financial charges
-€1,276
Taxes
+€1,777
Result 2025
€61,182
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
+€148,047
Investment
-€303,009
Financing
+€195,299
Cash 2024
€72,901
From operations (derived)
+€148,047
Net result for the year
+€61,182
Depreciation
+€71,893
Stocks and contracts
-€21,873
Receivables within one year
+€16,854
Deferred charges and accrued income
+€6,804
Trade debts
+€19,911
Tax, wage and social debts
+€5,072
Other debts
-€11,779
Accrued charges and deferred income
-€18
Investment (derived)
-€303,009
Investment in fixed assets (net)
-€303,009
Financing
+€195,299
Debts after one year
+€246,556
Current portion of long-term debt
+€10,338
Short-term financial debts
-€495
Contributions, distributions and other
-€61,100
Cash 2025
€113,238
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,227 | €1,217,895 | +€269,668 | +28.4% |
| Fixed assets | 21/28 | €567,543 | €798,659 | +€231,116 | +40.7% |
| Tangible fixed assets | 22/27 | €567,543 | €798,659 | +€231,116 | +40.7% |
| Land and buildings | 22 | €415,029 | €670,119 | +€255,090 | +61.5% |
| Plant, machinery and equipment | 23 | €79,246 | €67,569 | -€11,677 | -14.7% |
| Furniture and vehicles | 24 | €61,169 | €48,872 | -€12,297 | -20.1% |
| Other tangible fixed assets | 26 | €12,099 | €12,099 | = | 0.0% |
| Current assets | 29/58 | €380,683 | €419,236 | +€38,552 | +10.1% |
| Stocks and contracts in progress | 3 | €166,577 | €188,450 | +€21,873 | +13.1% |
| Stocks | 30/36 | €166,577 | €188,450 | +€21,873 | +13.1% |
| Amounts receivable within one year | 40/41 | €98,301 | €81,447 | -€16,854 | -17.1% |
| Trade receivables | 40 | €69,687 | €81,430 | +€11,743 | +16.9% |
| Other amounts receivable | 41 | €28,614 | €17 | -€28,597 | -99.9% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,901 | €113,238 | +€40,338 | +55.3% |
| Deferred charges and accrued income | 490/1 | €12,905 | €6,101 | -€6,804 | -52.7% |
| Total equity and liabilities | 10/49 | €948,227 | €1,217,895 | +€269,668 | +28.4% |
| Equity | 10/15 | €109,448 | €109,531 | +€82 | +0.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €103,251 | €103,333 | +€82 | +0.1% |
| Distributable reserves | 133 | €103,251 | €103,333 | +€82 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €838,778 | €1,108,364 | +€269,586 | +32.1% |
| Amounts payable after more than one year | 17 | €586,038 | €832,594 | +€246,556 | +42.1% |
| Financial debts | 170/4 | €586,038 | €832,594 | +€246,556 | +42.1% |
| Amounts payable within one year | 42/48 | €249,369 | €272,416 | +€23,047 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €63,505 | €73,843 | +€10,338 | +16.3% |
| Financial debts | 43 | €3,882 | €3,387 | -€495 | -12.7% |
| Credit institutions | 430/8 | €3,882 | €3,387 | -€495 | -12.7% |
| Trade debts | 44 | €72,478 | €92,390 | +€19,911 | +27.5% |
| Suppliers | 440/4 | €72,478 | €92,390 | +€19,911 | +27.5% |
| Taxes, remuneration and social security | 45 | €11,944 | €17,016 | +€5,072 | +42.5% |
| Taxes | 450/3 | €364 | €782 | +€417 | +114% |
| Remuneration and social security | 454/9 | €11,580 | €16,234 | +€4,654 | +40.2% |
| Other amounts payable | 47/48 | €97,559 | €85,780 | -€11,779 | -12.1% |
| Accrued charges and deferred income | 492/3 | €3,371 | €3,354 | -€18 | -0.5% |
| Remuneration, social security and pensions | 62 | €82,863 | €127,175 | +€44,313 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,093 | €71,893 | +€3,800 | +5.6% |
| Other operating charges | 640/8 | €1,832 | €37,294 | +€35,462 | +1,936% |
| Gross operating margin | 9900 | €272,313 | €319,447 | +€47,133 | +17.3% |
| Operating profit (loss) | 9901 | €119,526 | €83,084 | -€36,442 | -30.5% |
| Financial income | 75/76B | €2,181 | €1,710 | -€471 | -21.6% |
| Recurring financial income | 75 | €2,181 | €1,710 | -€471 | -21.6% |
| Financial charges | 65/66B | €12,249 | €13,524 | +€1,276 | +10.4% |
| Recurring financial charges | 65 | €12,249 | €13,524 | +€1,276 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €109,458 | €71,269 | -€38,189 | -34.9% |
| Income taxes | 67/77 | €11,864 | €10,087 | -€1,777 | -15.0% |
| Profit (loss) for the period | 9904 | €97,594 | €61,182 | -€36,412 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,594 | €61,182 | -€36,412 | -37.3% |
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 5 November 2026 via checked.be.