APOTHEEK BAEYENS: what changed
What changed
APOTHEEK BAEYENS
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€186,590
2024 · €174,782+€11,808
Equity
€951,759
2024 · €891,725+€60,034
Cash
€371,202
2024 · €328,461+€42,741
Balance sheet total
€1.6m
2024 · €1.6m+€5,800
Largest movements
Assets
- Tangible fixed assets -€81,645
down €81,645 (-8.3%), from €986,517 to €904,872
- Cash +€42,741
up €42,741 (+13.0%), from €328,461 to €371,202
mainly Net result for the year (+€186,590) and Depreciation (+€81,645)
- Stocks and contracts +€22,366
up €22,366 (+14.1%), from €158,744 to €181,110
- Receivables within one year +€21,471
up €21,471 (+17.6%), from €121,856 to €143,327
of which Trade receivables: +€30,330
Equity and liabilities
- Reserves +€73,693
up €73,693 (+8.4%), from €877,066 to €950,759
- Debts after one year -€69,480
down €69,480 (-12.0%), from €579,811 to €510,331
of which Financial debts: -€69,480
- Tax, wage and social debts +€17,818
up €17,818 (+1,246%), from €1,430 to €19,248
Income statement
- Gross operating margin +€9,686
up €9,686 (+2.9%), from €339,473 to €349,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€174,782
Gross operating margin
+€9,686
Depreciation
+€939
Other operating charges
+€400
Financial income
+€909
Financial charges
+€1,067
Taxes
-€1,192
Result 2025
€186,590
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€248,884
Investment
-€10,386
Financing
-€195,757
Cash 2024
€328,461
From operations (derived)
+€248,884
Net result for the year
+€186,590
Depreciation
+€81,645
Stocks and contracts
-€22,366
Receivables within one year
-€21,471
Deferred charges and accrued income
+€9,518
Trade debts
-€1,754
Tax, wage and social debts
+€17,818
Other debts
+€337
Accrued charges and deferred income
-€1,434
Investment (derived)
-€10,386
Current investments
-€10,386
Financing
-€195,757
Debts after one year
-€69,480
Current portion of long-term debt
+€280
Contributions, distributions and other
-€126,556
Cash 2025
€371,202
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,608,945 | €1,614,745 | +€5,800 | +0.4% |
| Fixed assets | 21/28 | €986,517 | €904,872 | -€81,645 | -8.3% |
| Tangible fixed assets | 22/27 | €986,517 | €904,872 | -€81,645 | -8.3% |
| Land and buildings | 22 | €804,318 | €768,426 | -€35,892 | -4.5% |
| Plant, machinery and equipment | 23 | €113,684 | €88,399 | -€25,285 | -22.2% |
| Furniture and vehicles | 24 | €68,515 | €48,046 | -€20,469 | -29.9% |
| Current assets | 29/58 | €622,427 | €709,873 | +€87,445 | +14.0% |
| Stocks and contracts in progress | 3 | €158,744 | €181,110 | +€22,366 | +14.1% |
| Stocks | 30/36 | €158,744 | €181,110 | +€22,366 | +14.1% |
| Amounts receivable within one year | 40/41 | €121,856 | €143,327 | +€21,471 | +17.6% |
| Trade receivables | 40 | €97,492 | €127,823 | +€30,330 | +31.1% |
| Other amounts receivable | 41 | €24,364 | €15,505 | -€8,859 | -36.4% |
| Current investments | 50/53 | - | €10,386 | +€10,386 | |
| Cash at bank and in hand | 54/58 | €328,461 | €371,202 | +€42,741 | +13.0% |
| Deferred charges and accrued income | 490/1 | €13,367 | €3,848 | -€9,518 | -71.2% |
| Total equity and liabilities | 10/49 | €1,608,945 | €1,614,745 | +€5,800 | +0.4% |
| Equity | 10/15 | €891,725 | €951,759 | +€60,034 | +6.7% |
| Contributions | 10/11 | €14,660 | €1,000 | -€13,660 | -93.2% |
| Reserves | 13 | €877,066 | €950,759 | +€73,693 | +8.4% |
| Distributable reserves | 133 | €877,066 | €950,759 | +€73,693 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €717,219 | €662,986 | -€54,233 | -7.6% |
| Amounts payable after more than one year | 17 | €579,811 | €510,331 | -€69,480 | -12.0% |
| Financial debts | 170/4 | €579,761 | €510,281 | -€69,480 | -12.0% |
| Other amounts payable | 178/9 | €50 | €50 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,975 | €152,655 | +€16,680 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €69,200 | €69,480 | +€280 | +0.4% |
| Trade debts | 44 | €65,345 | €63,591 | -€1,754 | -2.7% |
| Suppliers | 440/4 | €65,345 | €63,591 | -€1,754 | -2.7% |
| Taxes, remuneration and social security | 45 | €1,430 | €19,248 | +€17,818 | +1,246% |
| Taxes | 450/3 | €1,430 | €19,248 | +€17,818 | +1,246% |
| Other amounts payable | 47/48 | - | €337 | +€337 | |
| Accrued charges and deferred income | 492/3 | €1,434 | - | -€1,434 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,584 | €81,645 | -€939 | -1.1% |
| Other operating charges | 640/8 | €3,839 | €3,439 | -€400 | -10.4% |
| Gross operating margin | 9900 | €339,473 | €349,159 | +€9,686 | +2.9% |
| Operating profit (loss) | 9901 | €253,050 | €264,075 | +€11,024 | +4.4% |
| Financial income | 75/76B | €677 | €1,586 | +€909 | +134% |
| Recurring financial income | 75 | €677 | €1,586 | +€909 | +134% |
| Financial charges | 65/66B | €19,968 | €18,901 | -€1,067 | -5.3% |
| Recurring financial charges | 65 | €19,968 | €18,901 | -€1,067 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €233,759 | €246,759 | +€13,000 | +5.6% |
| Income taxes | 67/77 | €58,977 | €60,169 | +€1,192 | +2.0% |
| Profit (loss) for the period | 9904 | €174,782 | €186,590 | +€11,808 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,782 | €186,590 | +€11,808 | +6.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.