APOTHEEK BOURGEOIS: what changed
APOTHEEK BOURGEOIS
Largest movements
- Tangible fixed assets -€19,661
down €19,661 (-27.8%), from €70,770 to €51,110
of which Land and buildings: -€26,562
- Receivables within one year +€9,709
up €9,709 (+24.1%), from €40,275 to €49,984
of which Trade receivables: +€10,568
- Cash -€7,879
down €7,879 (-37.7%), from €20,894 to €13,015
mainly Debts after one year (-€35,468) and Investment in fixed assets (net) (-€12,585)
- Debts after one year -€35,468
down €35,468 (-92.1%), from €38,496 to €3,028
- Other debts +€14,870
up €14,870 (+19.2%), from €77,504 to €92,374
- Trade debts +€14,782
up €14,782 (+62.2%), from €23,770 to €38,552
- Profit (loss) carried forward -€6,134
down €6,134 (-221%), from -€2,772 to -€8,906
- Accrued charges and deferred income -€5,282
down €5,282 (-97.2%), from €5,437 to €155
- Gross operating margin -€8,799
down €8,799 (-22.3%), from €39,497 to €30,698
- Financial charges -€6,898
down €6,898 (-65.0%), from €10,610 to €3,712
- Depreciation +€1,509
up €1,509 (+4.9%), from €30,736 to €32,246
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,656 | €282,677 | -€15,979 | -5.4% |
| Fixed assets | 21/28 | €70,770 | €51,110 | -€19,661 | -27.8% |
| Tangible fixed assets | 22/27 | €70,770 | €51,110 | -€19,661 | -27.8% |
| Land and buildings | 22 | €53,123 | €26,561 | -€26,562 | -50.0% |
| Plant, machinery and equipment | 23 | €8,925 | €19,435 | +€10,510 | +118% |
| Furniture and vehicles | 24 | €8,723 | €5,113 | -€3,609 | -41.4% |
| Current assets | 29/58 | €227,886 | €231,568 | +€3,682 | +1.6% |
| Stocks and contracts in progress | 3 | €162,040 | €161,288 | -€752 | -0.5% |
| Stocks | 30/36 | €162,040 | €161,288 | -€752 | -0.5% |
| Amounts receivable within one year | 40/41 | €40,275 | €49,984 | +€9,709 | +24.1% |
| Trade receivables | 40 | €33,673 | €44,242 | +€10,568 | +31.4% |
| Other amounts receivable | 41 | €6,602 | €5,742 | -€860 | -13.0% |
| Cash at bank and in hand | 54/58 | €20,894 | €13,015 | -€7,879 | -37.7% |
| Deferred charges and accrued income | 490/1 | €4,676 | €7,281 | +€2,604 | +55.7% |
| Total equity and liabilities | 10/49 | €298,656 | €282,677 | -€15,979 | -5.4% |
| Equity | 10/15 | €116,351 | €110,217 | -€6,134 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,523 | €100,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100,523 | €100,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,772 | -€8,906 | -€6,134 | -221% |
| Amounts payable | 17/49 | €182,305 | €172,460 | -€9,845 | -5.4% |
| Amounts payable after more than one year | 17 | €38,496 | €3,028 | -€35,468 | -92.1% |
| Financial debts | 170/4 | €38,496 | €3,028 | -€35,468 | -92.1% |
| Amounts payable within one year | 42/48 | €138,372 | €169,277 | +€30,905 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €33,906 | €35,468 | +€1,562 | +4.6% |
| Trade debts | 44 | €23,770 | €38,552 | +€14,782 | +62.2% |
| Suppliers | 440/4 | €23,770 | €38,552 | +€14,782 | +62.2% |
| Taxes, remuneration and social security | 45 | €3,193 | €2,883 | -€309 | -9.7% |
| Taxes | 450/3 | €3,193 | €2,883 | -€309 | -9.7% |
| Other amounts payable | 47/48 | €77,504 | €92,374 | +€14,870 | +19.2% |
| Accrued charges and deferred income | 492/3 | €5,437 | €155 | -€5,282 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,736 | €32,246 | +€1,509 | +4.9% |
| Other operating charges | 640/8 | €797 | €750 | -€48 | -6.0% |
| Gross operating margin | 9900 | €39,497 | €30,698 | -€8,799 | -22.3% |
| Operating profit (loss) | 9901 | €7,963 | -€2,297 | -€10,260 | |
| Financial income | 75/76B | €4 | €7 | +€3 | +71.7% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +71.7% |
| Financial charges | 65/66B | €10,610 | €3,712 | -€6,898 | -65.0% |
| Recurring financial charges | 65 | €10,610 | €3,712 | -€6,898 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,643 | -€6,002 | -€3,359 | -127% |
| Income taxes | 67/77 | €129 | €132 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€2,772 | -€6,134 | -€3,362 | -121% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,772 | -€6,134 | -€3,362 | -121% |
Next steps
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 7 November 2026 via checked.be.