Apotheek Bulskamp: 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 Bulskamp
Largest movements
- Current investments +€48,624
up €48,624 (+10.2%), from €474,696 to €523,319
- Intangible fixed assets -€36,500
down €36,500 (-48.0%), from €76,042 to €39,542
- Receivables within one year +€27,181
up €27,181 (+33.8%), from €80,313 to €107,495
of which Trade receivables: +€25,063
- Other debts +€326,120
up €326,120 (+130%), from €250,823 to €576,942
- Reserves -€300,000
down €300,000 (-83.2%), from €360,435 to €60,435
of which Distributable reserves: -€300,000
- Financial income +€30,711
up €30,711 (+678%), from €4,527 to €35,238
- Gross operating margin +€13,775
up €13,775 (+7.3%), from €189,418 to €203,193
- Taxes +€5,209
up €5,209 (+19.1%), from €27,265 to €32,474
- Financial charges -€3,412
down €3,412 (-17.4%), from €19,634 to €16,222
- Depreciation -€2,409
down €2,409 (-5.3%), from €45,626 to €43,216
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 | €938,664 | €968,752 | +€30,088 | +3.2% |
| Fixed assets | 21/28 | €92,826 | €49,610 | -€43,216 | -46.6% |
| Intangible fixed assets | 21 | €76,042 | €39,542 | -€36,500 | -48.0% |
| Tangible fixed assets | 22/27 | €16,784 | €10,068 | -€6,716 | -40.0% |
| Plant, machinery and equipment | 23 | €11,184 | €5,868 | -€5,316 | -47.5% |
| Furniture and vehicles | 24 | €5,600 | €4,200 | -€1,400 | -25.0% |
| Current assets | 29/58 | €845,838 | €919,143 | +€73,305 | +8.7% |
| Stocks and contracts in progress | 3 | €140,687 | €142,944 | +€2,257 | +1.6% |
| Stocks | 30/36 | €140,687 | €142,944 | +€2,257 | +1.6% |
| Amounts receivable within one year | 40/41 | €80,313 | €107,495 | +€27,181 | +33.8% |
| Trade receivables | 40 | €72,403 | €97,466 | +€25,063 | +34.6% |
| Other amounts receivable | 41 | €7,911 | €10,029 | +€2,118 | +26.8% |
| Current investments | 50/53 | €474,696 | €523,319 | +€48,624 | +10.2% |
| Cash at bank and in hand | 54/58 | €139,593 | €135,105 | -€4,489 | -3.2% |
| Deferred charges and accrued income | 490/1 | €10,549 | €10,280 | -€269 | -2.6% |
| Total equity and liabilities | 10/49 | €938,664 | €968,752 | +€30,088 | +3.2% |
| Equity | 10/15 | €610,435 | €310,435 | -€300,000 | -49.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €360,435 | €60,435 | -€300,000 | -83.2% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €348,435 | €48,435 | -€300,000 | -86.1% |
| Amounts payable | 17/49 | €328,229 | €658,317 | +€330,088 | +101% |
| Amounts payable within one year | 42/48 | €310,126 | €644,182 | +€334,057 | +108% |
| Trade debts | 44 | €52,188 | €58,389 | +€6,201 | +11.9% |
| Suppliers | 440/4 | €52,188 | €58,389 | +€6,201 | +11.9% |
| Taxes, remuneration and social security | 45 | €7,115 | €8,850 | +€1,735 | +24.4% |
| Taxes | 450/3 | €1,284 | €2,999 | +€1,715 | +134% |
| Remuneration and social security | 454/9 | €5,831 | €5,851 | +€20 | +0.4% |
| Other amounts payable | 47/48 | €250,823 | €576,942 | +€326,120 | +130% |
| Accrued charges and deferred income | 492/3 | €18,103 | €14,135 | -€3,968 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,626 | €43,216 | -€2,409 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €166 | - | -€166 | |
| Other operating charges | 640/8 | €1,984 | €2,056 | +€72 | +3.6% |
| Gross operating margin | 9900 | €189,418 | €203,193 | +€13,775 | +7.3% |
| Operating profit (loss) | 9901 | €141,643 | €157,920 | +€16,278 | +11.5% |
| Financial income | 75/76B | €4,527 | €35,238 | +€30,711 | +678% |
| Recurring financial income | 75 | €4,527 | €35,238 | +€30,711 | +678% |
| Financial charges | 65/66B | €19,634 | €16,222 | -€3,412 | -17.4% |
| Recurring financial charges | 65 | €19,634 | €16,222 | -€3,412 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €126,535 | €176,936 | +€50,401 | +39.8% |
| Income taxes | 67/77 | €27,265 | €32,474 | +€5,209 | +19.1% |
| Profit (loss) for the period | 9904 | €99,270 | €144,462 | +€45,192 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,270 | €144,462 | +€45,192 | +45.5% |
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 29 October 2026 via checked.be.