APOTHEEK CANNAERT: 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 CANNAERT
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€133,644
2024 · €106,411+€27,233
Equity
€345,152
2024 · €345,152
Cash
€66,110
2024 · €60,931+€5,179
Balance sheet total
€1.2m
2024 · €1.0m+€158,099
Largest movements
Assets
- Receivables within one year +€162,759
up €162,759 (+63.8%), from €255,263 to €418,022
of which Trade receivables: +€145,982
Equity and liabilities
- Debts after one year +€104,044
up €104,044 (+58.3%), from €178,611 to €282,655
- Trade debts +€52,783
up €52,783 (+36.4%), from €145,165 to €197,947
Income statement
- Taxes -€17,626
down €17,626 (-48.4%), from €36,447 to €18,821
- Gross operating margin +€9,651
up €9,651 (+1.6%), from €590,340 to €599,992
- Staff costs -€7,251
down €7,251 (-2.2%), from €333,794 to €326,543
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
€106,411
Gross operating margin
+€9,651
Staff costs
+€7,251
Depreciation
-€3,709
Other operating charges
+€248
Financial income
+€384
Financial charges
-€4,218
Taxes
+€17,626
Result 2025
€133,644
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
+€60,707
Investment
-€25,929
Financing
-€29,599
Cash 2024
€60,931
From operations (derived)
+€60,707
Net result for the year
+€133,644
Depreciation
+€35,483
Stocks and contracts
-€2,623
Receivables within one year
-€162,759
Deferred charges and accrued income
+€2,908
Trade debts
+€52,783
Tax, wage and social debts
+€10,871
Other debts
-€9,599
Investment (derived)
-€25,929
Investment in fixed assets (net)
-€25,929
Financing
-€29,599
Debts after one year
+€104,044
Contributions, distributions and other
-€133,644
Cash 2025
€66,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,934 | €1,169,034 | +€158,099 | +15.6% |
| Fixed assets | 21/28 | €360,655 | €351,101 | -€9,554 | -2.6% |
| Tangible fixed assets | 22/27 | €360,557 | €351,004 | -€9,554 | -2.6% |
| Land and buildings | 22 | €285,641 | €290,956 | +€5,315 | +1.9% |
| Plant, machinery and equipment | 23 | €16,784 | €17,232 | +€448 | +2.7% |
| Furniture and vehicles | 24 | €58,132 | €42,816 | -€15,316 | -26.3% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €650,279 | €817,933 | +€167,653 | +25.8% |
| Stocks and contracts in progress | 3 | €327,674 | €330,297 | +€2,623 | +0.8% |
| Stocks | 30/36 | €327,674 | €330,297 | +€2,623 | +0.8% |
| Amounts receivable within one year | 40/41 | €255,263 | €418,022 | +€162,759 | +63.8% |
| Trade receivables | 40 | €216,953 | €362,935 | +€145,982 | +67.3% |
| Other amounts receivable | 41 | €38,310 | €55,087 | +€16,777 | +43.8% |
| Cash at bank and in hand | 54/58 | €60,931 | €66,110 | +€5,179 | +8.5% |
| Deferred charges and accrued income | 490/1 | €6,411 | €3,503 | -€2,908 | -45.4% |
| Total equity and liabilities | 10/49 | €1,010,934 | €1,169,034 | +€158,099 | +15.6% |
| Equity | 10/15 | €345,152 | €345,152 | = | 0.0% |
| Contributions | 10/11 | €17,648 | €17,648 | = | 0.0% |
| Reserves | 13 | €327,504 | €327,504 | = | 0.0% |
| Distributable reserves | 133 | €327,504 | €327,504 | = | 0.0% |
| Amounts payable | 17/49 | €665,782 | €823,882 | +€158,099 | +23.7% |
| Amounts payable after more than one year | 17 | €178,611 | €282,655 | +€104,044 | +58.3% |
| Other amounts payable | 178/9 | €178,611 | €282,655 | +€104,044 | +58.3% |
| Amounts payable within one year | 42/48 | €487,171 | €541,226 | +€54,055 | +11.1% |
| Trade debts | 44 | €145,165 | €197,947 | +€52,783 | +36.4% |
| Suppliers | 440/4 | €145,165 | €197,947 | +€52,783 | +36.4% |
| Taxes, remuneration and social security | 45 | €63,125 | €73,996 | +€10,871 | +17.2% |
| Taxes | 450/3 | €9,869 | €10,028 | +€159 | +1.6% |
| Remuneration and social security | 454/9 | €53,256 | €63,969 | +€10,713 | +20.1% |
| Other amounts payable | 47/48 | €278,882 | €269,283 | -€9,599 | -3.4% |
| Remuneration, social security and pensions | 62 | €333,794 | €326,543 | -€7,251 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,774 | €35,483 | +€3,709 | +11.7% |
| Other operating charges | 640/8 | €4,462 | €4,214 | -€248 | -5.5% |
| Gross operating margin | 9900 | €590,340 | €599,992 | +€9,651 | +1.6% |
| Operating profit (loss) | 9901 | €220,311 | €233,751 | +€13,441 | +6.1% |
| Financial income | 75/76B | - | €384 | +€384 | |
| Recurring financial income | 75 | - | €384 | +€384 | |
| Financial charges | 65/66B | €77,452 | €81,670 | +€4,218 | +5.4% |
| Recurring financial charges | 65 | €77,452 | €81,670 | +€4,218 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €142,858 | €152,465 | +€9,607 | +6.7% |
| Income taxes | 67/77 | €36,447 | €18,821 | -€17,626 | -48.4% |
| Profit (loss) for the period | 9904 | €106,411 | €133,644 | +€27,233 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,411 | €133,644 | +€27,233 | +25.6% |
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 22 October 2026 via checked.be.