Apotheek Aerts Bart: 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 Bart
Largest movements
- Receivables within one year +€157,313
up €157,313 (+71.9%), from €218,782 to €376,095
of which Trade receivables: +€151,250
- Cash -€72,390
down €72,390 (-45.4%), from €159,551 to €87,161
mainly Receivables within one year (-€157,313) and Contributions, distributions and other (-€65,000)
- Reserves +€82,684
up €82,684 (+18.2%), from €453,412 to €536,096
- Financial income +€82,554
new in 2025: €82,554
- Gross operating margin -€46,626
down €46,626 (-23.0%), from €203,114 to €156,488
- Taxes -€6,941
down €6,941 (-16.4%), from €42,200 to €35,259
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 | €1,172,952 | €1,251,648 | +€78,696 | +6.7% |
| Fixed assets | 21/28 | €794,066 | €788,229 | -€5,837 | -0.7% |
| Tangible fixed assets | 22/27 | €22,994 | €17,157 | -€5,837 | -25.4% |
| Land and buildings | 22 | €22,877 | €17,157 | -€5,719 | -25.0% |
| Furniture and vehicles | 24 | €118 | €0 | -€118 | -100% |
| Financial fixed assets | 28 | €771,072 | €771,072 | = | 0.0% |
| Current assets | 29/58 | €378,886 | €463,419 | +€84,533 | +22.3% |
| Amounts receivable within one year | 40/41 | €218,782 | €376,095 | +€157,313 | +71.9% |
| Trade receivables | 40 | €8,349 | €159,599 | +€151,250 | +1,812% |
| Other amounts receivable | 41 | €210,433 | €216,496 | +€6,063 | +2.9% |
| Cash at bank and in hand | 54/58 | €159,551 | €87,161 | -€72,390 | -45.4% |
| Deferred charges and accrued income | 490/1 | €553 | €163 | -€390 | -70.5% |
| Total equity and liabilities | 10/49 | €1,172,952 | €1,251,648 | +€78,696 | +6.7% |
| Equity | 10/15 | €465,812 | €548,496 | +€82,684 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €453,412 | €536,096 | +€82,684 | +18.2% |
| Distributable reserves | 133 | €453,412 | €536,096 | +€82,684 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €707,140 | €703,152 | -€3,988 | -0.6% |
| Amounts payable after more than one year | 17 | €641,378 | €633,880 | -€7,498 | -1.2% |
| Financial debts | 170/4 | €641,378 | €633,880 | -€7,498 | -1.2% |
| Amounts payable within one year | 42/48 | €17,113 | €20,538 | +€3,426 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €7,164 | €7,498 | +€333 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,150 | €1,229 | +€79 | +6.8% |
| Suppliers | 440/4 | €1,150 | €1,229 | +€79 | +6.8% |
| Taxes, remuneration and social security | 45 | €8,798 | €11,812 | +€3,014 | +34.3% |
| Taxes | 450/3 | €8,798 | €11,812 | +€3,014 | +34.3% |
| Accrued charges and deferred income | 492/3 | €48,650 | €48,734 | +€84 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,232 | €5,837 | -€395 | -6.3% |
| Other operating charges | 640/8 | €2,007 | €2,117 | +€110 | +5.5% |
| Gross operating margin | 9900 | €203,114 | €156,488 | -€46,626 | -23.0% |
| Operating profit (loss) | 9901 | €194,876 | €148,535 | -€46,341 | -23.8% |
| Financial income | 75/76B | - | €82,554 | +€82,554 | |
| Recurring financial income | 75 | - | €82,554 | +€82,554 | |
| Financial charges | 65/66B | €48,563 | €48,145 | -€418 | -0.9% |
| Recurring financial charges | 65 | €48,563 | €48,145 | -€418 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €146,313 | €182,943 | +€36,631 | +25.0% |
| Income taxes | 67/77 | €42,200 | €35,259 | -€6,941 | -16.4% |
| Profit (loss) for the period | 9904 | €104,113 | €147,684 | +€43,571 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,113 | €147,684 | +€43,571 | +41.8% |
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 14 October 2026 via checked.be.