APOTHEEK BOITS: 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.
What changed
APOTHEEK BOITS
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,679
2024 · €920-€4,599
Equity
€19,795
2024 · €23,474-€3,679
Cash
€8,593
2024 · €7,500+€1,093
Balance sheet total
€705,427
2024 · €756,383-€50,956
Largest movements
Assets
- Receivables within one year -€51,168
down €51,168 (-33.2%), from €154,274 to €103,106
of which Other amounts receivable: -€55,465
Equity and liabilities
- Other debts -€37,568
down €37,568 (-17.4%), from €215,917 to €178,350
- Debts after one year -€19,332
down €19,332 (-25.3%), from €76,312 to €56,979
- Current portion of long-term debt +€15,592
up €15,592 (+84.4%), from €18,471 to €34,062
Income statement
- Staff costs +€6,176
up €6,176 (+5.3%), from €116,499 to €122,674
- Depreciation +€3,045
up €3,045 (+10.1%), from €30,172 to €33,216
- Gross operating margin +€2,520
up €2,520 (+1.4%), from €182,763 to €185,283
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.
Result 2024
€920
Gross operating margin
+€2,520
Staff costs
-€6,176
Depreciation
-€3,045
Other operating charges
+€507
Other operating items
-€748
Financial income
+€11
Financial charges
+€1,655
Taxes
+€678
Result 2025
-€3,679
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€33,753
Investment
-€29,416
Financing
-€3,244
Cash 2024
€7,500
From operations (derived)
+€33,753
Net result for the year
-€3,679
Depreciation
+€33,216
Stocks and contracts
-€2,213
Receivables within one year
+€51,168
Deferred charges and accrued income
-€707
Trade debts
-€7,374
Tax, wage and social debts
+€2,153
Other debts
-€37,568
Accrued charges and deferred income
-€1,243
Investment (derived)
-€29,416
Investment in fixed assets (net)
-€29,416
Financing
-€3,244
Debts after one year
-€19,332
Current portion of long-term debt
+€15,592
Short-term financial debts
+€497
Cash 2025
€8,593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €756,383 | €705,427 | -€50,956 | -6.7% |
| Fixed assets | 21/28 | €292,403 | €288,602 | -€3,801 | -1.3% |
| Tangible fixed assets | 22/27 | €292,403 | €288,602 | -€3,801 | -1.3% |
| Land and buildings | 22 | €265,691 | €242,447 | -€23,245 | -8.7% |
| Plant, machinery and equipment | 23 | €15,843 | €36,477 | +€20,634 | +130% |
| Furniture and vehicles | 24 | €10,868 | €9,678 | -€1,190 | -11.0% |
| Current assets | 29/58 | €463,980 | €416,825 | -€47,155 | -10.2% |
| Stocks and contracts in progress | 3 | €291,293 | €293,505 | +€2,213 | +0.8% |
| Stocks | 30/36 | €291,293 | €293,505 | +€2,213 | +0.8% |
| Amounts receivable within one year | 40/41 | €154,274 | €103,106 | -€51,168 | -33.2% |
| Trade receivables | 40 | €95,104 | €99,401 | +€4,297 | +4.5% |
| Other amounts receivable | 41 | €59,170 | €3,705 | -€55,465 | -93.7% |
| Cash at bank and in hand | 54/58 | €7,500 | €8,593 | +€1,093 | +14.6% |
| Deferred charges and accrued income | 490/1 | €10,913 | €11,620 | +€707 | +6.5% |
| Total equity and liabilities | 10/49 | €756,383 | €705,427 | -€50,956 | -6.7% |
| Equity | 10/15 | €23,474 | €19,795 | -€3,679 | -15.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,882 | €4,882 | = | 0.0% |
| Distributable reserves | 133 | €4,882 | €4,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,679 | -€3,679 | |
| Amounts payable | 17/49 | €732,909 | €685,632 | -€47,277 | -6.5% |
| Amounts payable after more than one year | 17 | €76,312 | €56,979 | -€19,332 | -25.3% |
| Financial debts | 170/4 | €76,312 | €56,979 | -€19,332 | -25.3% |
| Amounts payable within one year | 42/48 | €648,575 | €621,874 | -€26,701 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €18,471 | €34,062 | +€15,592 | +84.4% |
| Financial debts | 43 | €221,407 | €221,904 | +€497 | +0.2% |
| Credit institutions | 430/8 | €221,407 | €221,904 | +€497 | +0.2% |
| Trade debts | 44 | €172,002 | €164,627 | -€7,374 | -4.3% |
| Suppliers | 440/4 | €172,002 | €164,627 | -€7,374 | -4.3% |
| Taxes, remuneration and social security | 45 | €20,778 | €22,931 | +€2,153 | +10.4% |
| Taxes | 450/3 | €3,250 | €3,604 | +€355 | +10.9% |
| Remuneration and social security | 454/9 | €17,528 | €19,326 | +€1,798 | +10.3% |
| Other amounts payable | 47/48 | €215,917 | €178,350 | -€37,568 | -17.4% |
| Accrued charges and deferred income | 492/3 | €8,023 | €6,779 | -€1,243 | -15.5% |
| Remuneration, social security and pensions | 62 | €116,499 | €122,674 | +€6,176 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,172 | €33,216 | +€3,045 | +10.1% |
| Other operating charges | 640/8 | €4,070 | €3,564 | -€507 | -12.4% |
| Non-recurring operating charges | 66A | - | €748 | +€748 | |
| Gross operating margin | 9900 | €182,763 | €185,283 | +€2,520 | +1.4% |
| Operating profit (loss) | 9901 | €32,022 | €25,080 | -€6,942 | -21.7% |
| Financial income | 75/76B | €35 | €46 | +€11 | +31.5% |
| Recurring financial income | 75 | €35 | €46 | +€11 | +31.5% |
| Financial charges | 65/66B | €30,030 | €28,375 | -€1,655 | -5.5% |
| Recurring financial charges | 65 | €30,030 | €28,375 | -€1,655 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €2,027 | -€3,250 | -€5,277 | |
| Income taxes | 67/77 | €1,107 | €429 | -€678 | -61.2% |
| Profit (loss) for the period | 9904 | €920 | -€3,679 | -€4,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €920 | -€3,679 | -€4,599 |
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 28 October 2026 via checked.be.