APOTHEEK BRAEMS: 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 BRAEMS
Largest movements
- Tangible fixed assets -€37,661
down €37,661 (-25.4%), from €148,180 to €110,519
of which Land and buildings: -€31,467
- Receivables within one year -€21,718
down €21,718 (-27.3%), from €79,643 to €57,925
of which Trade receivables: -€20,720
- Stocks and contracts +€5,354
up €5,354 (+6.8%), from €78,524 to €83,878
- Debts after one year -€44,590
down €44,590 (-39.0%), from €114,332 to €69,742
- Trade debts -€22,872
down €22,872 (-44.0%), from €52,013 to €29,140
- Reserves +€13,451
up €13,451 (+12.0%), from €111,717 to €125,168
- Tax, wage and social debts -€4,218
down €4,218 (-14.7%), from €28,622 to €24,404
of which Taxes: -€4,522
- Other debts +€4,165
up €4,165 (+8.2%), from €50,924 to €55,089
- Gross operating margin +€5,143
up €5,143 (+2.7%), from €190,623 to €195,766
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 | €410,272 | €356,219 | -€54,054 | -13.2% |
| Fixed assets | 21/28 | €158,180 | €118,019 | -€40,161 | -25.4% |
| Intangible fixed assets | 21 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €148,180 | €110,519 | -€37,661 | -25.4% |
| Land and buildings | 22 | €132,390 | €100,922 | -€31,467 | -23.8% |
| Plant, machinery and equipment | 23 | €10,885 | €300 | -€10,585 | -97.2% |
| Furniture and vehicles | 24 | €4,906 | €9,297 | +€4,391 | +89.5% |
| Current assets | 29/58 | €252,092 | €238,199 | -€13,893 | -5.5% |
| Stocks and contracts in progress | 3 | €78,524 | €83,878 | +€5,354 | +6.8% |
| Stocks | 30/36 | €78,524 | €83,878 | +€5,354 | +6.8% |
| Amounts receivable within one year | 40/41 | €79,643 | €57,925 | -€21,718 | -27.3% |
| Trade receivables | 40 | €71,992 | €51,272 | -€20,720 | -28.8% |
| Other amounts receivable | 41 | €7,652 | €6,653 | -€999 | -13.1% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,197 | €90,192 | +€1,995 | +2.3% |
| Deferred charges and accrued income | 490/1 | €728 | €1,204 | +€476 | +65.4% |
| Total equity and liabilities | 10/49 | €410,272 | €356,219 | -€54,054 | -13.2% |
| Equity | 10/15 | €117,917 | €131,368 | +€13,451 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,717 | €125,168 | +€13,451 | +12.0% |
| Distributable reserves | 133 | €111,717 | €125,168 | +€13,451 | +12.0% |
| Amounts payable | 17/49 | €292,355 | €224,850 | -€67,505 | -23.1% |
| Amounts payable after more than one year | 17 | €114,332 | €69,742 | -€44,590 | -39.0% |
| Financial debts | 170/4 | €114,332 | €69,742 | -€44,590 | -39.0% |
| Amounts payable within one year | 42/48 | €176,415 | €153,223 | -€23,192 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €44,857 | €44,590 | -€268 | -0.6% |
| Trade debts | 44 | €52,013 | €29,140 | -€22,872 | -44.0% |
| Suppliers | 440/4 | €52,013 | €29,140 | -€22,872 | -44.0% |
| Taxes, remuneration and social security | 45 | €28,622 | €24,404 | -€4,218 | -14.7% |
| Taxes | 450/3 | €18,499 | €13,976 | -€4,522 | -24.4% |
| Remuneration and social security | 454/9 | €10,123 | €10,428 | +€305 | +3.0% |
| Other amounts payable | 47/48 | €50,924 | €55,089 | +€4,165 | +8.2% |
| Accrued charges and deferred income | 492/3 | €1,608 | €1,885 | +€277 | +17.2% |
| Remuneration, social security and pensions | 62 | €70,718 | €68,887 | -€1,830 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,232 | €45,624 | +€392 | +0.9% |
| Other operating charges | 640/8 | €1,609 | €1,788 | +€179 | +11.1% |
| Gross operating margin | 9900 | €190,623 | €195,766 | +€5,143 | +2.7% |
| Operating profit (loss) | 9901 | €73,065 | €79,467 | +€6,402 | +8.8% |
| Financial income | 75/76B | €471 | €623 | +€151 | +32.1% |
| Recurring financial income | 75 | €471 | €623 | +€151 | +32.1% |
| Financial charges | 65/66B | €15,432 | €14,196 | -€1,236 | -8.0% |
| Recurring financial charges | 65 | €15,432 | €14,196 | -€1,236 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €58,104 | €65,894 | +€7,789 | +13.4% |
| Income taxes | 67/77 | €18,828 | €20,776 | +€1,948 | +10.3% |
| Profit (loss) for the period | 9904 | €39,276 | €45,117 | +€5,841 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,276 | €45,117 | +€5,841 | +14.9% |
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 27 October 2026 via checked.be.