Apoteek Geraerts: 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.
Apoteek Geraerts
Largest movements
- Receivables within one year +€37,765
up €37,765 (+29.0%), from €130,367 to €168,132
of which Trade receivables: +€38,976
- Cash +€28,596
up €28,596 (+10.8%), from €265,999 to €294,595
mainly Net result for the year (+€98,465) and Stocks and contracts (+€24,437)
- Stocks and contracts -€24,437
down €24,437 (-16.2%), from €151,248 to €126,812
- Tangible fixed assets -€16,081
down €16,081 (-20.6%), from €77,924 to €61,843
of which Land and buildings: -€11,000
- Profit (loss) carried forward +€28,465
up €28,465 (+16.6%), from €171,305 to €199,770
- Tax, wage and social debts +€10,282
up €10,282 (+39.9%), from €25,761 to €36,044
of which Remuneration and social security: +€8,274
- Trade debts -€6,960
down €6,960 (-8.2%), from €85,027 to €78,067
- Staff costs +€42,797
up €42,797 (+25.0%), from €171,256 to €214,053
- Gross operating margin +€31,715
up €31,715 (+9.7%), from €327,407 to €359,122
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 | €633,467 | €660,254 | +€26,788 | +4.2% |
| Fixed assets | 21/28 | €77,924 | €61,843 | -€16,081 | -20.6% |
| Tangible fixed assets | 22/27 | €77,924 | €61,843 | -€16,081 | -20.6% |
| Land and buildings | 22 | €44,000 | €33,000 | -€11,000 | -25.0% |
| Plant, machinery and equipment | 23 | €24,924 | €22,843 | -€2,081 | -8.3% |
| Furniture and vehicles | 24 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Current assets | 29/58 | €555,543 | €598,412 | +€42,868 | +7.7% |
| Stocks and contracts in progress | 3 | €151,248 | €126,812 | -€24,437 | -16.2% |
| Stocks | 30/36 | €151,248 | €126,812 | -€24,437 | -16.2% |
| Amounts receivable within one year | 40/41 | €130,367 | €168,132 | +€37,765 | +29.0% |
| Trade receivables | 40 | €125,162 | €164,138 | +€38,976 | +31.1% |
| Other amounts receivable | 41 | €5,205 | €3,994 | -€1,211 | -23.3% |
| Cash at bank and in hand | 54/58 | €265,999 | €294,595 | +€28,596 | +10.8% |
| Deferred charges and accrued income | 490/1 | €7,929 | €8,873 | +€944 | +11.9% |
| Total equity and liabilities | 10/49 | €633,467 | €660,254 | +€26,788 | +4.2% |
| Equity | 10/15 | €447,679 | €476,144 | +€28,465 | +6.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €214,874 | €214,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,959 | €21,959 | = | 0.0% |
| Distributable reserves | 133 | €186,765 | €186,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,305 | €199,770 | +€28,465 | +16.6% |
| Amounts payable | 17/49 | €185,788 | €184,111 | -€1,677 | -0.9% |
| Amounts payable within one year | 42/48 | €185,788 | €184,111 | -€1,677 | -0.9% |
| Trade debts | 44 | €85,027 | €78,067 | -€6,960 | -8.2% |
| Suppliers | 440/4 | €85,027 | €78,067 | -€6,960 | -8.2% |
| Taxes, remuneration and social security | 45 | €25,761 | €36,044 | +€10,282 | +39.9% |
| Taxes | 450/3 | €7,100 | €9,108 | +€2,008 | +28.3% |
| Remuneration and social security | 454/9 | €18,661 | €26,935 | +€8,274 | +44.3% |
| Other amounts payable | 47/48 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Remuneration, social security and pensions | 62 | €171,256 | €214,053 | +€42,797 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,113 | €20,951 | +€1,838 | +9.6% |
| Other operating charges | 640/8 | €277 | €438 | +€161 | +58.1% |
| Gross operating margin | 9900 | €327,407 | €359,122 | +€31,715 | +9.7% |
| Operating profit (loss) | 9901 | €136,761 | €123,679 | -€13,081 | -9.6% |
| Financial income | 75/76B | €84 | €35 | -€49 | -58.8% |
| Recurring financial income | 75 | €84 | €35 | -€49 | -58.8% |
| Financial charges | 65/66B | €13,675 | €13,521 | -€154 | -1.1% |
| Recurring financial charges | 65 | €13,675 | €13,521 | -€154 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €123,170 | €110,193 | -€12,977 | -10.5% |
| Income taxes | 67/77 | €13,845 | €11,728 | -€2,117 | -15.3% |
| Profit (loss) for the period | 9904 | €109,325 | €98,465 | -€10,860 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,325 | €98,465 | -€10,860 | -9.9% |
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 30 October 2026 via checked.be.