APOTHEEK A.VANTIEGHEM: 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.VANTIEGHEM
Largest movements
- Cash +€312,783
up €312,783 (+426%), from €73,382 to €386,165
mainly Debts after one year (+€212,481) and Trade debts (+€52,365)
- Stocks and contracts -€15,794
down €15,794 (-10.5%), from €149,721 to €133,927
- Receivables within one year +€13,635
up €13,635 (+4.1%), from €329,838 to €343,473
of which Trade receivables: +€47,393
- Tangible fixed assets +€11,293
up €11,293 (+121%), from €9,329 to €20,623
of which Land and buildings: +€11,709
- Debts after one year +€212,481
up €212,481 (+643%), from €33,044 to €245,525
- Trade debts +€52,365
up €52,365 (+40.3%), from €130,091 to €182,456
- Current portion of long-term debt +€35,767
up €35,767 (+164%), from €21,752 to €57,519
- Other debts +€19,580
up €19,580 (+22.7%), from €86,444 to €106,023
- Gross operating margin +€9,497
up €9,497 (+7.3%), from €129,678 to €139,175
- Staff costs +€3,383
up €3,383 (+4.0%), from €85,311 to €88,694
- Taxes +€3,263
up €3,263 (+42.4%), from €7,695 to €10,957
- Financial charges -€2,606
down €2,606 (-28.6%), from €9,120 to €6,514
- Other operating charges -€2,433
down €2,433 (-76.0%), from €3,202 to €769
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 | €569,024 | €891,606 | +€322,582 | +56.7% |
| Fixed assets | 21/28 | €9,329 | €20,623 | +€11,293 | +121% |
| Tangible fixed assets | 22/27 | €9,329 | €20,623 | +€11,293 | +121% |
| Land and buildings | 22 | €1,895 | €13,604 | +€11,709 | +618% |
| Plant, machinery and equipment | 23 | €3,110 | €2,064 | -€1,046 | -33.6% |
| Furniture and vehicles | 24 | €4,324 | €4,954 | +€630 | +14.6% |
| Current assets | 29/58 | €559,695 | €870,984 | +€311,289 | +55.6% |
| Amounts receivable after more than one year | 29 | €84 | €84 | = | 0.0% |
| Other amounts receivable | 291 | €84 | €84 | = | 0.0% |
| Stocks and contracts in progress | 3 | €149,721 | €133,927 | -€15,794 | -10.5% |
| Stocks | 30/36 | €149,721 | €133,927 | -€15,794 | -10.5% |
| Amounts receivable within one year | 40/41 | €329,838 | €343,473 | +€13,635 | +4.1% |
| Trade receivables | 40 | €74,123 | €121,516 | +€47,393 | +63.9% |
| Other amounts receivable | 41 | €255,715 | €221,957 | -€33,758 | -13.2% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,382 | €386,165 | +€312,783 | +426% |
| Deferred charges and accrued income | 490/1 | €1,670 | €2,334 | +€664 | +39.8% |
| Total equity and liabilities | 10/49 | €569,024 | €891,606 | +€322,582 | +56.7% |
| Equity | 10/15 | €277,145 | €277,315 | +€170 | +0.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €214,303 | €214,303 | = | 0.0% |
| Distributable reserves | 133 | €214,303 | €214,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €868 | €1,039 | +€170 | +19.6% |
| Amounts payable | 17/49 | €291,880 | €614,291 | +€322,412 | +110% |
| Amounts payable after more than one year | 17 | €33,044 | €245,525 | +€212,481 | +643% |
| Financial debts | 170/4 | €33,044 | €245,525 | +€212,481 | +643% |
| Amounts payable within one year | 42/48 | €254,841 | €365,412 | +€110,571 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €21,752 | €57,519 | +€35,767 | +164% |
| Trade debts | 44 | €130,091 | €182,456 | +€52,365 | +40.3% |
| Suppliers | 440/4 | €130,091 | €182,456 | +€52,365 | +40.3% |
| Taxes, remuneration and social security | 45 | €16,554 | €19,414 | +€2,860 | +17.3% |
| Taxes | 450/3 | €2,391 | €4,395 | +€2,003 | +83.8% |
| Remuneration and social security | 454/9 | €14,163 | €15,019 | +€856 | +6.0% |
| Other amounts payable | 47/48 | €86,444 | €106,023 | +€19,580 | +22.7% |
| Accrued charges and deferred income | 492/3 | €3,995 | €3,354 | -€641 | -16.0% |
| Remuneration, social security and pensions | 62 | €85,311 | €88,694 | +€3,383 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,227 | €4,125 | -€1,103 | -21.1% |
| Other operating charges | 640/8 | €3,202 | €769 | -€2,433 | -76.0% |
| Gross operating margin | 9900 | €129,678 | €139,175 | +€9,497 | +7.3% |
| Operating profit (loss) | 9901 | €35,937 | €45,587 | +€9,650 | +26.9% |
| Financial income | 75/76B | €1,606 | €1,054 | -€552 | -34.4% |
| Recurring financial income | 75 | €1,606 | €1,054 | -€552 | -34.4% |
| Financial charges | 65/66B | €9,120 | €6,514 | -€2,606 | -28.6% |
| Recurring financial charges | 65 | €9,120 | €6,514 | -€2,606 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €28,423 | €40,128 | +€11,704 | +41.2% |
| Income taxes | 67/77 | €7,695 | €10,957 | +€3,263 | +42.4% |
| Profit (loss) for the period | 9904 | €20,729 | €29,170 | +€8,442 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,729 | €29,170 | +€8,442 | +40.7% |
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.