APOTHEEK BUFAR: 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 BUFAR
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€137,941
2024 · €144,803-€6,862
Equity
€571,190
2024 · €765,676-€194,485
Cash
€187,295
2024 · €334,401-€147,107
Balance sheet total
€993,699
2024 · €1.2m-€220,327
Largest movements
Assets
- Cash -€147,107
down €147,107 (-44.0%), from €334,401 to €187,295
mainly Contributions, distributions and other (-€332,427) and Debts after one year (-€59,116)
- Tangible fixed assets -€60,449
down €60,449 (-11.1%), from €544,430 to €483,981
of which Land and buildings: -€36,219
Equity and liabilities
- Reserves -€194,485
down €194,485 (-27.6%), from €703,676 to €509,190
of which Distributable reserves: -€194,485
- Debts after one year -€59,116
down €59,116 (-20.7%), from €285,016 to €225,900
- Other debts +€26,982
up €26,982 (+4,000%), from €674 to €27,657
Income statement
- Gross operating margin -€14,723
down €14,723 (-4.8%), from €305,612 to €290,890
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
€144,803
Gross operating margin
-€14,723
Staff costs
+€643
Depreciation
+€2,032
Other operating charges
+€266
Financial income
+€2,788
Financial charges
+€935
Taxes
+€1,196
Result 2025
€137,941
raises the resultlowers the result
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
+€257,698
Investment
-€15,393
Financing
-€389,411
Cash 2024
€334,401
From operations (derived)
+€257,698
Net result for the year
+€137,941
Depreciation
+€75,842
Stocks and contracts
+€9,904
Receivables within one year
+€2,907
Smaller working-capital items
+€587
Trade debts
+€4,947
Other debts
+€26,982
Accrued charges and deferred income
-€1,412
Investment (derived)
-€15,393
Investment in fixed assets (net)
-€15,393
Financing
-€389,411
Debts after one year
-€59,116
Current portion of long-term debt
+€2,132
Contributions, distributions and other
-€332,427
Cash 2025
€187,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,214,026 | €993,699 | -€220,327 | -18.1% |
| Fixed assets | 21/28 | €544,430 | €483,981 | -€60,449 | -11.1% |
| Tangible fixed assets | 22/27 | €544,430 | €483,981 | -€60,449 | -11.1% |
| Land and buildings | 22 | €460,150 | €423,930 | -€36,219 | -7.9% |
| Plant, machinery and equipment | 23 | €8,255 | €8,437 | +€181 | +2.2% |
| Furniture and vehicles | 24 | €76,025 | €51,614 | -€24,410 | -32.1% |
| Current assets | 29/58 | €669,596 | €509,718 | -€159,878 | -23.9% |
| Stocks and contracts in progress | 3 | €201,610 | €191,707 | -€9,904 | -4.9% |
| Stocks | 30/36 | €201,610 | €191,707 | -€9,904 | -4.9% |
| Amounts receivable within one year | 40/41 | €112,235 | €109,328 | -€2,907 | -2.6% |
| Trade receivables | 40 | €93,881 | €109,325 | +€15,444 | +16.5% |
| Other amounts receivable | 41 | €18,353 | €3 | -€18,351 | -100.0% |
| Cash at bank and in hand | 54/58 | €334,401 | €187,295 | -€147,107 | -44.0% |
| Deferred charges and accrued income | 490/1 | €21,350 | €21,389 | +€39 | +0.2% |
| Total equity and liabilities | 10/49 | €1,214,026 | €993,699 | -€220,327 | -18.1% |
| Equity | 10/15 | €765,676 | €571,190 | -€194,485 | -25.4% |
| 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 | €703,676 | €509,190 | -€194,485 | -27.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €697,476 | €502,990 | -€194,485 | -27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €448,350 | €422,509 | -€25,841 | -5.8% |
| Amounts payable after more than one year | 17 | €285,016 | €225,900 | -€59,116 | -20.7% |
| Financial debts | 170/4 | €285,016 | €225,900 | -€59,116 | -20.7% |
| Amounts payable within one year | 42/48 | €159,201 | €193,888 | +€34,687 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €57,320 | €59,451 | +€2,132 | +3.7% |
| Trade debts | 44 | €99,070 | €104,017 | +€4,947 | +5.0% |
| Suppliers | 440/4 | €99,070 | €104,017 | +€4,947 | +5.0% |
| Taxes, remuneration and social security | 45 | €2,137 | €2,763 | +€626 | +29.3% |
| Taxes | 450/3 | €2,137 | €2,763 | +€626 | +29.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €674 | €27,657 | +€26,982 | +4,000% |
| Accrued charges and deferred income | 492/3 | €4,134 | €2,721 | -€1,412 | -34.2% |
| Remuneration, social security and pensions | 62 | €2,639 | €1,995 | -€643 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,874 | €75,842 | -€2,032 | -2.6% |
| Other operating charges | 640/8 | €5,380 | €5,114 | -€266 | -4.9% |
| Gross operating margin | 9900 | €305,612 | €290,890 | -€14,723 | -4.8% |
| Operating profit (loss) | 9901 | €219,720 | €207,939 | -€11,782 | -5.4% |
| Financial income | 75/76B | €653 | €3,441 | +€2,788 | +427% |
| Recurring financial income | 75 | €653 | €3,441 | +€2,788 | +427% |
| Financial charges | 65/66B | €12,754 | €11,818 | -€935 | -7.3% |
| Recurring financial charges | 65 | €12,754 | €11,818 | -€935 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €207,620 | €199,562 | -€8,058 | -3.9% |
| Income taxes | 67/77 | €62,816 | €61,620 | -€1,196 | -1.9% |
| Profit (loss) for the period | 9904 | €144,803 | €137,941 | -€6,862 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,803 | €137,941 | -€6,862 | -4.7% |
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 13 October 2026 via checked.be.