Apotheek Baute: 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 Baute
Largest movements
- Cash -€114,390
down €114,390 (-36.8%), from €310,710 to €196,320
mainly Trade debts (-€77,753) and Investment in fixed assets (net) (-€60,545)
- Tangible fixed assets +€39,989
up €39,989 (+153%), from €26,111 to €66,101
of which Plant, machinery and equipment: +€48,632
- Receivables within one year +€22,930
up €22,930 (+8.8%), from €261,679 to €284,609
of which Trade receivables: +€23,091
- Stocks and contracts -€22,297
down €22,297 (-15.8%), from €141,111 to €118,814
- Trade debts -€77,753
down €77,753 (-35.4%), from €219,363 to €141,610
- Reserves +€19,022
up €19,022 (+7.5%), from €253,714 to €272,736
of which Distributable reserves: +€19,022
- Other debts -€12,850
down €12,850 (-13.6%), from €94,610 to €81,760
- Staff costs +€10,132
up €10,132 (+4.3%), from €234,800 to €244,932
- Gross operating margin -€6,471
down €6,471 (-1.7%), from €384,773 to €378,303
- Taxes -€5,780
down €5,780 (-17.8%), from €32,421 to €26,641
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 | €761,018 | €688,288 | -€72,730 | -9.6% |
| Fixed assets | 21/28 | €26,111 | €71,101 | +€44,989 | +172% |
| Tangible fixed assets | 22/27 | €26,111 | €66,101 | +€39,989 | +153% |
| Plant, machinery and equipment | 23 | €17,469 | €66,101 | +€48,632 | +278% |
| Furniture and vehicles | 24 | €8,642 | €0 | -€8,642 | -100% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €734,907 | €617,188 | -€117,720 | -16.0% |
| Stocks and contracts in progress | 3 | €141,111 | €118,814 | -€22,297 | -15.8% |
| Stocks | 30/36 | €141,111 | €118,814 | -€22,297 | -15.8% |
| Amounts receivable within one year | 40/41 | €261,679 | €284,609 | +€22,930 | +8.8% |
| Trade receivables | 40 | €141,375 | €164,466 | +€23,091 | +16.3% |
| Other amounts receivable | 41 | €120,304 | €120,143 | -€161 | -0.1% |
| Cash at bank and in hand | 54/58 | €310,710 | €196,320 | -€114,390 | -36.8% |
| Deferred charges and accrued income | 490/1 | €21,407 | €17,444 | -€3,963 | -18.5% |
| Total equity and liabilities | 10/49 | €761,018 | €688,288 | -€72,730 | -9.6% |
| Equity | 10/15 | €315,714 | €334,736 | +€19,022 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €253,714 | €272,736 | +€19,022 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €247,514 | €266,536 | +€19,022 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €445,304 | €353,552 | -€91,752 | -20.6% |
| Amounts payable within one year | 42/48 | €444,669 | €353,552 | -€91,116 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €1,613 | €0 | -€1,613 | -100% |
| Financial debts | 43 | €98,178 | €98,178 | = | 0.0% |
| Credit institutions | 430/8 | €98,178 | €98,178 | = | 0.0% |
| Trade debts | 44 | €219,363 | €141,610 | -€77,753 | -35.4% |
| Suppliers | 440/4 | €219,363 | €141,610 | -€77,753 | -35.4% |
| Taxes, remuneration and social security | 45 | €30,904 | €32,004 | +€1,100 | +3.6% |
| Taxes | 450/3 | - | €173 | +€173 | |
| Remuneration and social security | 454/9 | €30,904 | €31,831 | +€927 | +3.0% |
| Other amounts payable | 47/48 | €94,610 | €81,760 | -€12,850 | -13.6% |
| Accrued charges and deferred income | 492/3 | €635 | €0 | -€635 | -100% |
| Remuneration, social security and pensions | 62 | €234,800 | €244,932 | +€10,132 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,311 | €15,556 | +€2,245 | +16.9% |
| Other operating charges | 640/8 | €659 | €555 | -€104 | -15.7% |
| Gross operating margin | 9900 | €384,773 | €378,303 | -€6,471 | -1.7% |
| Operating profit (loss) | 9901 | €136,003 | €117,259 | -€18,743 | -13.8% |
| Financial income | 75/76B | €21 | €32 | +€10 | +47.3% |
| Recurring financial income | 75 | €21 | €32 | +€10 | +47.3% |
| Financial charges | 65/66B | €12,536 | €11,629 | -€907 | -7.2% |
| Recurring financial charges | 65 | €12,536 | €11,629 | -€907 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €123,488 | €105,662 | -€17,826 | -14.4% |
| Income taxes | 67/77 | €32,421 | €26,641 | -€5,780 | -17.8% |
| Profit (loss) for the period | 9904 | €91,068 | €79,022 | -€12,046 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,068 | €79,022 | -€12,046 | -13.2% |
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 25 October 2026 via checked.be.