APOTHEEK CLAES: 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 CLAES
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,996
2024 · €114,378-€35,382
Equity
€475,283
2024 · €474,787+€496
Cash
€132,231
2024 · €168,092-€35,861
Balance sheet total
€962,977
2024 · €984,157-€21,180
Largest movements
Assets
- Cash -€35,861
down €35,861 (-21.3%), from €168,092 to €132,231
mainly Contributions, distributions and other (-€78,500) and Other debts (-€35,500)
- Receivables within one year +€33,901
up €33,901 (+14.3%), from €236,681 to €270,582
of which Trade receivables: +€20,094
- Tangible fixed assets -€10,713
down €10,713 (-2.7%), from €392,589 to €381,876
of which Land and buildings: -€10,543
Equity and liabilities
- Other debts -€35,500
down €35,500 (-31.1%), from €114,000 to €78,500
- Trade debts +€26,941
up €26,941 (+30.5%), from €88,405 to €115,346
- Debts after one year -€19,610
down €19,610 (-7.5%), from €259,838 to €240,228
Income statement
- Staff costs +€33,187
up €33,187 (+27.4%), from €121,217 to €154,404
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
€114,378
Gross operating margin
+€1,292
Staff costs
-€33,187
Depreciation
-€2,593
Other operating charges
-€424
Other operating items
-€1,087
Financial income
-€906
Financial charges
+€241
Taxes
+€1,281
Result 2025
€78,996
raises the resultlowers the resultnot broken down further in the accounts
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
+€68,275
Investment
-€8,334
Financing
-€95,803
Cash 2024
€168,092
From operations (derived)
+€68,275
Net result for the year
+€78,996
Depreciation
+€19,046
Stocks and contracts
+€902
Receivables within one year
-€33,901
Deferred charges and accrued income
+€7,605
Trade debts
+€26,941
Tax, wage and social debts
+€4,126
Other debts
-€35,500
Accrued charges and deferred income
+€59
Investment (derived)
-€8,334
Investment in fixed assets (net)
-€8,334
Financing
-€95,803
Debts after one year
-€19,610
Current portion of long-term debt
+€452
Short-term financial debts
+€1,856
Contributions, distributions and other
-€78,500
Cash 2025
€132,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €984,157 | €962,977 | -€21,180 | -2.2% |
| Fixed assets | 21/28 | €393,392 | €382,679 | -€10,713 | -2.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €392,589 | €381,876 | -€10,713 | -2.7% |
| Land and buildings | 22 | €373,333 | €362,790 | -€10,543 | -2.8% |
| Plant, machinery and equipment | 23 | €5,931 | €6,567 | +€636 | +10.7% |
| Furniture and vehicles | 24 | €13,325 | €12,519 | -€806 | -6.0% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €590,765 | €580,298 | -€10,468 | -1.8% |
| Stocks and contracts in progress | 3 | €152,754 | €151,852 | -€902 | -0.6% |
| Stocks | 30/36 | €152,754 | €151,852 | -€902 | -0.6% |
| Amounts receivable within one year | 40/41 | €236,681 | €270,582 | +€33,901 | +14.3% |
| Trade receivables | 40 | €119,002 | €139,096 | +€20,094 | +16.9% |
| Other amounts receivable | 41 | €117,679 | €131,486 | +€13,807 | +11.7% |
| Cash at bank and in hand | 54/58 | €168,092 | €132,231 | -€35,861 | -21.3% |
| Deferred charges and accrued income | 490/1 | €33,238 | €25,633 | -€7,605 | -22.9% |
| Total equity and liabilities | 10/49 | €984,157 | €962,977 | -€21,180 | -2.2% |
| Equity | 10/15 | €474,787 | €475,283 | +€496 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,187 | €456,683 | +€496 | +0.1% |
| Tax-exempt reserves | 132 | €38,569 | €38,569 | = | 0.0% |
| Distributable reserves | 133 | €417,618 | €418,114 | +€496 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €509,370 | €487,694 | -€21,676 | -4.3% |
| Amounts payable after more than one year | 17 | €259,838 | €240,228 | -€19,610 | -7.5% |
| Financial debts | 170/4 | €259,838 | €240,228 | -€19,610 | -7.5% |
| Amounts payable within one year | 42/48 | €247,183 | €245,058 | -€2,125 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €19,158 | €19,610 | +€452 | +2.4% |
| Financial debts | 43 | €10,000 | €11,856 | +€1,856 | +18.6% |
| Credit institutions | 430/8 | €10,000 | €11,856 | +€1,856 | +18.6% |
| Trade debts | 44 | €88,405 | €115,346 | +€26,941 | +30.5% |
| Suppliers | 440/4 | €88,405 | €115,346 | +€26,941 | +30.5% |
| Taxes, remuneration and social security | 45 | €15,620 | €19,746 | +€4,126 | +26.4% |
| Taxes | 450/3 | €189 | €18 | -€171 | -90.5% |
| Remuneration and social security | 454/9 | €15,431 | €19,728 | +€4,297 | +27.8% |
| Other amounts payable | 47/48 | €114,000 | €78,500 | -€35,500 | -31.1% |
| Accrued charges and deferred income | 492/3 | €2,349 | €2,408 | +€59 | +2.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €121,217 | €154,404 | +€33,187 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,454 | €19,046 | +€2,593 | +15.8% |
| Other operating charges | 640/8 | €3,479 | €3,903 | +€424 | +12.2% |
| Non-recurring operating charges | 66A | - | €1,087 | +€1,087 | |
| Gross operating margin | 9900 | €295,184 | €296,476 | +€1,292 | +0.4% |
| Operating profit (loss) | 9901 | €154,034 | €118,036 | -€35,998 | -23.4% |
| Financial income | 75/76B | €1,387 | €480 | -€906 | -65.4% |
| Recurring financial income | 75 | €1,387 | €480 | -€906 | -65.4% |
| Financial charges | 65/66B | €11,136 | €10,895 | -€241 | -2.2% |
| Recurring financial charges | 65 | €11,136 | €10,895 | -€241 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €144,285 | €107,621 | -€36,664 | -25.4% |
| Income taxes | 67/77 | €29,907 | €28,626 | -€1,281 | -4.3% |
| Profit (loss) for the period | 9904 | €114,378 | €78,996 | -€35,382 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,378 | €78,996 | -€35,382 | -30.9% |
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.