APOTEEK KESTENS: what changed
What changed
APOTEEK KESTENS
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€52,751
2024 · €78,862-€26,111
Equity
€185,994
2024 · €180,243+€5,751
Cash
€70,671
2024 · €70,343+€328
Balance sheet total
€431,698
2024 · €575,244-€143,546
Largest movements
Assets
- Receivables within one year -€95,493
down €95,493 (-46.9%), from €203,546 to €108,053
of which Other amounts receivable: -€115,189
- Tangible fixed assets -€28,819
down €28,819 (-22.5%), from €128,129 to €99,310
of which Plant, machinery and equipment: -€19,838
- Stocks and contracts -€17,689
down €17,689 (-11.0%), from €160,890 to €143,201
Equity and liabilities
- Other debts -€128,591
down €128,591 (-62.2%), from €206,878 to €78,287
- Debts after one year -€21,364
down €21,364 (-21.0%), from €101,716 to €80,352
- Tax, wage and social debts -€8,739
down €8,739 (-77.4%), from €11,294 to €2,555
of which Remuneration and social security: -€8,747
- Trade debts +€8,737
up €8,737 (+16.3%), from €53,729 to €62,466
Income statement
- Gross operating margin -€70,844
down €70,844 (-33.4%), from €212,082 to €141,239
- Staff costs -€45,278
down €45,278 (-49.7%), from €91,108 to €45,830
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
€78,862
Gross operating margin
-€70,844
Staff costs
+€45,278
Depreciation
+€357
Other operating charges
-€942
Financial income
+€1
Financial charges
+€536
Taxes
-€498
Result 2025
€52,751
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
+€69,368
Investment
-€1,221
Financing
-€67,819
Cash 2024
€70,343
From operations (derived)
+€69,368
Net result for the year
+€52,751
Depreciation
+€30,040
Stocks and contracts
+€17,689
Receivables within one year
+€95,493
Deferred charges and accrued income
+€1,874
Trade debts
+€8,737
Tax, wage and social debts
-€8,739
Other debts
-€128,591
Accrued charges and deferred income
+€115
Investment (derived)
-€1,221
Investment in fixed assets (net)
-€1,221
Financing
-€67,819
Debts after one year
-€21,364
Current portion of long-term debt
+€545
Contributions, distributions and other
-€47,000
Cash 2025
€70,671
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,244 | €431,698 | -€143,546 | -25.0% |
| Fixed assets | 21/28 | €128,129 | €99,310 | -€28,819 | -22.5% |
| Tangible fixed assets | 22/27 | €128,129 | €99,310 | -€28,819 | -22.5% |
| Land and buildings | 22 | €62,208 | €53,321 | -€8,887 | -14.3% |
| Plant, machinery and equipment | 23 | €65,544 | €45,707 | -€19,838 | -30.3% |
| Furniture and vehicles | 24 | €377 | €283 | -€94 | -25.0% |
| Current assets | 29/58 | €447,115 | €332,388 | -€114,727 | -25.7% |
| Stocks and contracts in progress | 3 | €160,890 | €143,201 | -€17,689 | -11.0% |
| Stocks | 30/36 | €160,890 | €143,201 | -€17,689 | -11.0% |
| Amounts receivable within one year | 40/41 | €203,546 | €108,053 | -€95,493 | -46.9% |
| Trade receivables | 40 | €78,438 | €98,134 | +€19,697 | +25.1% |
| Other amounts receivable | 41 | €125,108 | €9,919 | -€115,189 | -92.1% |
| Cash at bank and in hand | 54/58 | €70,343 | €70,671 | +€328 | +0.5% |
| Deferred charges and accrued income | 490/1 | €12,336 | €10,462 | -€1,874 | -15.2% |
| Total equity and liabilities | 10/49 | €575,244 | €431,698 | -€143,546 | -25.0% |
| Equity | 10/15 | €180,243 | €185,994 | +€5,751 | +3.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €0 | -€61,500 | -100% |
| Issued capital | 100 | €61,500 | €0 | -€61,500 | -100% |
| Contributions outside capital | 11 | - | €61,500 | +€61,500 | |
| Other | 1109/19 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €10,233 | €10,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €0 | -€6,150 | -100% |
| Legal reserve | 130 | €6,150 | €0 | -€6,150 | -100% |
| Distributable reserves | 133 | €4,083 | €10,233 | +€6,150 | +151% |
| Profit (loss) carried forward | 14 | €108,510 | €114,261 | +€5,751 | +5.3% |
| Amounts payable | 17/49 | €395,001 | €245,704 | -€149,297 | -37.8% |
| Amounts payable after more than one year | 17 | €101,716 | €80,352 | -€21,364 | -21.0% |
| Financial debts | 170/4 | €101,716 | €80,352 | -€21,364 | -21.0% |
| Amounts payable within one year | 42/48 | €292,720 | €164,672 | -€128,047 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €20,819 | €21,364 | +€545 | +2.6% |
| Trade debts | 44 | €53,729 | €62,466 | +€8,737 | +16.3% |
| Suppliers | 440/4 | €53,729 | €62,466 | +€8,737 | +16.3% |
| Taxes, remuneration and social security | 45 | €11,294 | €2,555 | -€8,739 | -77.4% |
| Taxes | 450/3 | €10 | €17 | +€8 | +80.1% |
| Remuneration and social security | 454/9 | €11,284 | €2,537 | -€8,747 | -77.5% |
| Other amounts payable | 47/48 | €206,878 | €78,287 | -€128,591 | -62.2% |
| Accrued charges and deferred income | 492/3 | €566 | €681 | +€115 | +20.2% |
| Remuneration, social security and pensions | 62 | €91,108 | €45,830 | -€45,278 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,397 | €30,040 | -€357 | -1.2% |
| Other operating charges | 640/8 | €830 | €1,772 | +€942 | +113% |
| Gross operating margin | 9900 | €212,082 | €141,239 | -€70,844 | -33.4% |
| Operating profit (loss) | 9901 | €89,748 | €63,597 | -€26,150 | -29.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,376 | €6,840 | -€536 | -7.3% |
| Recurring financial charges | 65 | €7,376 | €6,840 | -€536 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €82,372 | €56,759 | -€25,613 | -31.1% |
| Income taxes | 67/77 | €3,510 | €4,008 | +€498 | +14.2% |
| Profit (loss) for the period | 9904 | €78,862 | €52,751 | -€26,111 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,862 | €52,751 | -€26,111 | -33.1% |
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 7 November 2026 via checked.be.