Apotheek BAETS: 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 BAETS
Largest movements
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€48,053
up €48,053 (+11.2%), from €429,997 to €478,051
mainly Receivables after one year (+€100,000) and Net result for the year (+€74,554)
- Receivables within one year +€24,812
up €24,812 (+26.9%), from €92,404 to €117,217
of which Trade receivables: +€25,348
- Stocks and contracts +€18,885
up €18,885 (+12.1%), from €155,933 to €174,818
- Tangible fixed assets -€10,926
down €10,926 (-9.4%), from €116,423 to €105,497
of which Land and buildings: -€12,200
- Other debts -€16,284
down €16,284 (-6.6%), from €246,859 to €230,575
- Profit (loss) carried forward +€14,554
up €14,554 (+4.2%), from €346,790 to €361,344
- Debts after one year -€14,108
down €14,108 (-10.2%), from €138,929 to €124,821
- Tax, wage and social debts -€10,953
down €10,953 (-38.0%), from €28,842 to €17,889
of which Remuneration and social security: -€11,547
- Gross operating margin +€33,688
up €33,688 (+12.7%), from €265,951 to €299,638
- Financial charges +€7,204
up €7,204 (+146%), from €4,943 to €12,147
- Staff costs +€5,877
up €5,877 (+3.2%), from €186,523 to €192,399
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 | €897,788 | €878,280 | -€19,508 | -2.2% |
| Fixed assets | 21/28 | €116,423 | €105,497 | -€10,926 | -9.4% |
| Tangible fixed assets | 22/27 | €116,423 | €105,497 | -€10,926 | -9.4% |
| Land and buildings | 22 | €109,800 | €97,600 | -€12,200 | -11.1% |
| Plant, machinery and equipment | 23 | €6,623 | €7,897 | +€1,274 | +19.2% |
| Current assets | 29/58 | €781,366 | €772,783 | -€8,582 | -1.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Stocks and contracts in progress | 3 | €155,933 | €174,818 | +€18,885 | +12.1% |
| Stocks | 30/36 | €155,933 | €174,818 | +€18,885 | +12.1% |
| Amounts receivable within one year | 40/41 | €92,404 | €117,217 | +€24,812 | +26.9% |
| Trade receivables | 40 | €86,924 | €112,271 | +€25,348 | +29.2% |
| Other amounts receivable | 41 | €5,481 | €4,945 | -€536 | -9.8% |
| Cash at bank and in hand | 54/58 | €429,997 | €478,051 | +€48,053 | +11.2% |
| Deferred charges and accrued income | 490/1 | €3,030 | €2,698 | -€333 | -11.0% |
| Total equity and liabilities | 10/49 | €897,788 | €878,280 | -€19,508 | -2.2% |
| Equity | 10/15 | €367,250 | €381,804 | +€14,554 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,790 | €361,344 | +€14,554 | +4.2% |
| Amounts payable | 17/49 | €530,538 | €496,476 | -€34,062 | -6.4% |
| Amounts payable after more than one year | 17 | €138,929 | €124,821 | -€14,108 | -10.2% |
| Financial debts | 170/4 | €138,929 | €124,821 | -€14,108 | -10.2% |
| Amounts payable within one year | 42/48 | €391,609 | €371,656 | -€19,954 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €13,730 | €14,108 | +€378 | +2.8% |
| Trade debts | 44 | €102,178 | €109,084 | +€6,906 | +6.8% |
| Suppliers | 440/4 | €102,178 | €109,084 | +€6,906 | +6.8% |
| Taxes, remuneration and social security | 45 | €28,842 | €17,889 | -€10,953 | -38.0% |
| Taxes | 450/3 | €0 | €594 | +€594 | |
| Remuneration and social security | 454/9 | €28,842 | €17,295 | -€11,547 | -40.0% |
| Other amounts payable | 47/48 | €246,859 | €230,575 | -€16,284 | -6.6% |
| Remuneration, social security and pensions | 62 | €186,523 | €192,399 | +€5,877 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,825 | €14,879 | +€54 | +0.4% |
| Other operating charges | 640/8 | €651 | €292 | -€359 | -55.2% |
| Gross operating margin | 9900 | €265,951 | €299,638 | +€33,688 | +12.7% |
| Operating profit (loss) | 9901 | €63,952 | €92,068 | +€28,116 | +44.0% |
| Financial income | 75/76B | - | €323 | +€323 | |
| Recurring financial income | 75 | - | €323 | +€323 | |
| Financial charges | 65/66B | €4,943 | €12,147 | +€7,204 | +146% |
| Recurring financial charges | 65 | €4,943 | €12,147 | +€7,204 | +146% |
| Profit (loss) for the period before taxes | 9903 | €59,009 | €80,244 | +€21,235 | +36.0% |
| Income taxes | 67/77 | €4,326 | €5,691 | +€1,365 | +31.6% |
| Profit (loss) for the period | 9904 | €54,683 | €74,554 | +€19,870 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,683 | €74,554 | +€19,870 | +36.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.