APOTHEEK AERTS: 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 AERTS
Largest movements
- Tangible fixed assets -€35,552
down €35,552 (-12.8%), from €276,983 to €241,431
of which Plant, machinery and equipment: -€18,413
- Receivables within one year +€23,267
up €23,267 (+54.5%), from €42,681 to €65,948
of which Trade receivables: +€23,267
- Cash +€17,233
up €17,233 (+12.8%), from €134,503 to €151,737
mainly Other debts (+€108,268) and Net result for the year (+€55,066)
- Stocks and contracts +€11,016
up €11,016 (+13.9%), from €79,321 to €90,338
- Debts after one year -€125,103
down €125,103 (-95.7%), from €130,754 to €5,651
- Other debts +€108,268
up €108,268 (+114%), from €94,936 to €203,204
- Reserves +€19,579
up €19,579 (+9.8%), from €199,438 to €219,017
- Trade debts +€8,434
up €8,434 (+30.8%), from €27,395 to €35,829
- Gross operating margin +€34,791
up €34,791 (+25.1%), from €138,874 to €173,665
- Taxes +€16,336
up €16,336 (+296%), from €5,510 to €21,846
- Depreciation -€4,099
down €4,099 (-8.5%), from €48,070 to €43,972
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 | €544,303 | €560,147 | +€15,844 | +2.9% |
| Fixed assets | 21/28 | €276,983 | €241,431 | -€35,552 | -12.8% |
| Tangible fixed assets | 22/27 | €276,983 | €241,431 | -€35,552 | -12.8% |
| Land and buildings | 22 | €107,174 | €92,860 | -€14,314 | -13.4% |
| Plant, machinery and equipment | 23 | €161,845 | €143,432 | -€18,413 | -11.4% |
| Furniture and vehicles | 24 | €7,964 | €5,139 | -€2,825 | -35.5% |
| Current assets | 29/58 | €267,320 | €318,716 | +€51,396 | +19.2% |
| Stocks and contracts in progress | 3 | €79,321 | €90,338 | +€11,016 | +13.9% |
| Stocks | 30/36 | €79,321 | €90,338 | +€11,016 | +13.9% |
| Amounts receivable within one year | 40/41 | €42,681 | €65,948 | +€23,267 | +54.5% |
| Trade receivables | 40 | €42,681 | €65,948 | +€23,267 | +54.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €134,503 | €151,737 | +€17,233 | +12.8% |
| Deferred charges and accrued income | 490/1 | €10,815 | €10,694 | -€121 | -1.1% |
| Total equity and liabilities | 10/49 | €544,303 | €560,147 | +€15,844 | +2.9% |
| Equity | 10/15 | €249,438 | €269,017 | +€19,579 | +7.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €199,438 | €219,017 | +€19,579 | +9.8% |
| Distributable reserves | 133 | €199,438 | €219,017 | +€19,579 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €294,865 | €291,130 | -€3,735 | -1.3% |
| Amounts payable after more than one year | 17 | €130,754 | €5,651 | -€125,103 | -95.7% |
| Financial debts | 170/4 | €130,754 | €5,651 | -€125,103 | -95.7% |
| Amounts payable within one year | 42/48 | €157,828 | €278,005 | +€120,176 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €26,145 | €25,103 | -€1,042 | -4.0% |
| Trade debts | 44 | €27,395 | €35,829 | +€8,434 | +30.8% |
| Suppliers | 440/4 | €27,395 | €35,829 | +€8,434 | +30.8% |
| Taxes, remuneration and social security | 45 | €9,352 | €13,869 | +€4,517 | +48.3% |
| Taxes | 450/3 | €657 | €8,534 | +€7,876 | +1,198% |
| Remuneration and social security | 454/9 | €8,694 | €5,335 | -€3,359 | -38.6% |
| Other amounts payable | 47/48 | €94,936 | €203,204 | +€108,268 | +114% |
| Accrued charges and deferred income | 492/3 | €6,283 | €7,474 | +€1,192 | +19.0% |
| Remuneration, social security and pensions | 62 | €43,045 | €43,109 | +€64 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,070 | €43,972 | -€4,099 | -8.5% |
| Other operating charges | 640/8 | €85 | €88 | +€3 | +3.1% |
| Gross operating margin | 9900 | €138,874 | €173,665 | +€34,791 | +25.1% |
| Operating profit (loss) | 9901 | €47,673 | €86,496 | +€38,823 | +81.4% |
| Financial income | 75/76B | €137 | €320 | +€183 | +133% |
| Recurring financial income | 75 | €137 | €320 | +€183 | +133% |
| Financial charges | 65/66B | €9,431 | €9,904 | +€473 | +5.0% |
| Recurring financial charges | 65 | €9,431 | €9,904 | +€473 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €38,379 | €76,912 | +€38,533 | +100% |
| Income taxes | 67/77 | €5,510 | €21,846 | +€16,336 | +296% |
| Profit (loss) for the period | 9904 | €32,869 | €55,066 | +€22,197 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,869 | €55,066 | +€22,197 | +67.5% |
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.