APOTHEEK A. SMEETS: 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.
APOTHEEK A. SMEETS
Largest movements
- Tangible fixed assets -€22,639
down €22,639 (-3.8%), from €600,200 to €577,561
of which Land and buildings: -€29,332
- Receivables within one year +€17,959
up €17,959 (+18.5%), from €96,974 to €114,933
of which Trade receivables: +€13,623
- Cash +€10,556
up €10,556 (+13.9%), from €76,088 to €86,644
mainly Net result for the year (+€54,446) and Depreciation (+€34,997)
- Reserves +€54,446
up €54,446 (+17.1%), from €318,625 to €373,071
- Debts after one year -€41,757
down €41,757 (-9.0%), from €463,007 to €421,250
- Trade debts -€17,982
down €17,982 (-37.7%), from €47,724 to €29,741
- Staff costs -€19,546
down €19,546 (-20.6%), from €94,846 to €75,300
- Taxes +€6,105
up €6,105 (+50.7%), from €12,039 to €18,144
- Gross operating margin +€4,423
up €4,423 (+2.3%), from €189,715 to €194,138
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 | €932,294 | €927,785 | -€4,509 | -0.5% |
| Fixed assets | 21/28 | €632,078 | €605,273 | -€26,805 | -4.2% |
| Intangible fixed assets | 21 | €26,878 | €22,711 | -€4,167 | -15.5% |
| Tangible fixed assets | 22/27 | €600,200 | €577,561 | -€22,639 | -3.8% |
| Land and buildings | 22 | €596,274 | €566,942 | -€29,332 | -4.9% |
| Plant, machinery and equipment | 23 | €3,926 | €10,620 | +€6,694 | +171% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €300,216 | €322,512 | +€22,296 | +7.4% |
| Stocks and contracts in progress | 3 | €120,981 | €115,145 | -€5,836 | -4.8% |
| Stocks | 30/36 | €120,981 | €115,145 | -€5,836 | -4.8% |
| Amounts receivable within one year | 40/41 | €96,974 | €114,933 | +€17,959 | +18.5% |
| Trade receivables | 40 | €64,922 | €78,545 | +€13,623 | +21.0% |
| Other amounts receivable | 41 | €32,052 | €36,388 | +€4,336 | +13.5% |
| Cash at bank and in hand | 54/58 | €76,088 | €86,644 | +€10,556 | +13.9% |
| Deferred charges and accrued income | 490/1 | €6,173 | €5,790 | -€383 | -6.2% |
| Total equity and liabilities | 10/49 | €932,294 | €927,785 | -€4,509 | -0.5% |
| Equity | 10/15 | €337,225 | €391,671 | +€54,446 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,625 | €373,071 | +€54,446 | +17.1% |
| Distributable reserves | 133 | €318,625 | €373,071 | +€54,446 | +17.1% |
| Amounts payable | 17/49 | €595,069 | €536,114 | -€58,955 | -9.9% |
| Amounts payable after more than one year | 17 | €463,007 | €421,250 | -€41,757 | -9.0% |
| Financial debts | 170/4 | €463,007 | €421,250 | -€41,757 | -9.0% |
| Amounts payable within one year | 42/48 | €105,492 | €90,022 | -€15,470 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €41,404 | €41,757 | +€353 | +0.9% |
| Financial debts | 43 | €0 | €4,653 | +€4,653 | |
| Credit institutions | 430/8 | €0 | €4,653 | +€4,653 | |
| Trade debts | 44 | €47,724 | €29,741 | -€17,982 | -37.7% |
| Suppliers | 440/4 | €47,724 | €29,741 | -€17,982 | -37.7% |
| Taxes, remuneration and social security | 45 | €11,897 | €9,269 | -€2,627 | -22.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €11,897 | €9,269 | -€2,627 | -22.1% |
| Other amounts payable | 47/48 | €4,468 | €4,602 | +€134 | +3.0% |
| Accrued charges and deferred income | 492/3 | €26,570 | €24,843 | -€1,728 | -6.5% |
| Remuneration, social security and pensions | 62 | €94,846 | €75,300 | -€19,546 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,580 | €34,997 | -€583 | -1.6% |
| Other operating charges | 640/8 | €4,861 | €5,013 | +€151 | +3.1% |
| Gross operating margin | 9900 | €189,715 | €194,138 | +€4,423 | +2.3% |
| Operating profit (loss) | 9901 | €54,428 | €78,829 | +€24,401 | +44.8% |
| Financial income | 75/76B | €641 | €564 | -€76 | -11.9% |
| Recurring financial income | 75 | €641 | €564 | -€76 | -11.9% |
| Financial charges | 65/66B | €8,036 | €6,803 | -€1,233 | -15.3% |
| Recurring financial charges | 65 | €8,036 | €6,803 | -€1,233 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €47,033 | €72,590 | +€25,558 | +54.3% |
| Income taxes | 67/77 | €12,039 | €18,144 | +€6,105 | +50.7% |
| Profit (loss) for the period | 9904 | €34,993 | €54,446 | +€19,453 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,993 | €54,446 | +€19,453 | +55.6% |
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 22 October 2026 via checked.be.