APOTHEEK CLAUS: 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 CLAUS
Largest movements
- Receivables within one year -€436,932
down €436,932 (-73.8%), from €592,180 to €155,248
of which Other amounts receivable: -€434,766
- Stocks and contracts +€36,236
up €36,236 (+20.0%), from €181,409 to €217,645
- Tangible fixed assets -€21,650
down €21,650 (-8.8%), from €246,869 to €225,219
of which Land and buildings: -€16,594
- Cash +€11,807
up €11,807 (+10.6%), from €111,823 to €123,631
mainly Receivables within one year (+€436,932) and Net result for the year (+€85,547)
- Reserves -€285,965
down €285,965 (-40.5%), from €706,541 to €420,576
of which Distributable reserves: -€285,965
- Profit (loss) carried forward -€113,489
down €113,489 (-100%), from €113,489 to €0
- Other debts +€16,820
up €16,820 (+23.7%), from €70,895 to €87,716
- Debts after one year -€16,135
down €16,135 (-28.1%), from €57,392 to €41,258
- Staff costs -€14,887
down €14,887 (-14.0%), from €106,456 to €91,569
- Gross operating margin +€6,363
up €6,363 (+3.1%), from €207,405 to €213,768
- Depreciation +€4,682
up €4,682 (+23.1%), from €20,252 to €24,934
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 | €1,140,332 | €730,032 | -€410,300 | -36.0% |
| Fixed assets | 21/28 | €246,924 | €225,274 | -€21,650 | -8.8% |
| Tangible fixed assets | 22/27 | €246,869 | €225,219 | -€21,650 | -8.8% |
| Land and buildings | 22 | €231,089 | €214,495 | -€16,594 | -7.2% |
| Plant, machinery and equipment | 23 | €5,324 | €4,947 | -€377 | -7.1% |
| Furniture and vehicles | 24 | €10,455 | €5,777 | -€4,679 | -44.8% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €893,408 | €504,759 | -€388,650 | -43.5% |
| Stocks and contracts in progress | 3 | €181,409 | €217,645 | +€36,236 | +20.0% |
| Stocks | 30/36 | €181,409 | €217,645 | +€36,236 | +20.0% |
| Amounts receivable within one year | 40/41 | €592,180 | €155,248 | -€436,932 | -73.8% |
| Trade receivables | 40 | €68,032 | €65,865 | -€2,167 | -3.2% |
| Other amounts receivable | 41 | €524,149 | €89,383 | -€434,766 | -82.9% |
| Current investments | 50/53 | €2,286 | €2,286 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,823 | €123,631 | +€11,807 | +10.6% |
| Deferred charges and accrued income | 490/1 | €5,710 | €5,949 | +€239 | +4.2% |
| Total equity and liabilities | 10/49 | €1,140,332 | €730,032 | -€410,300 | -36.0% |
| Equity | 10/15 | €882,030 | €482,576 | -€399,453 | -45.3% |
| 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 | €706,541 | €420,576 | -€285,965 | -40.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €341 | €341 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €414,035 | -€285,965 | -40.9% |
| Profit (loss) carried forward | 14 | €113,489 | €0 | -€113,489 | -100% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €248,302 | €237,456 | -€10,846 | -4.4% |
| Amounts payable after more than one year | 17 | €57,392 | €41,258 | -€16,135 | -28.1% |
| Financial debts | 170/4 | €57,392 | €41,258 | -€16,135 | -28.1% |
| Amounts payable within one year | 42/48 | €188,410 | €193,699 | +€5,289 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €15,594 | €16,135 | +€541 | +3.5% |
| Trade debts | 44 | €77,279 | €69,987 | -€7,291 | -9.4% |
| Suppliers | 440/4 | €77,279 | €69,987 | -€7,291 | -9.4% |
| Taxes, remuneration and social security | 45 | €24,641 | €19,861 | -€4,781 | -19.4% |
| Taxes | 450/3 | €6,242 | €5,127 | -€1,115 | -17.9% |
| Remuneration and social security | 454/9 | €18,399 | €14,733 | -€3,666 | -19.9% |
| Other amounts payable | 47/48 | €70,895 | €87,716 | +€16,820 | +23.7% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €106,456 | €91,569 | -€14,887 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,252 | €24,934 | +€4,682 | +23.1% |
| Other operating charges | 640/8 | €4,569 | €4,513 | -€56 | -1.2% |
| Gross operating margin | 9900 | €207,405 | €213,768 | +€6,363 | +3.1% |
| Operating profit (loss) | 9901 | €76,128 | €92,752 | +€16,624 | +21.8% |
| Financial income | 75/76B | €227 | €63 | -€164 | -72.3% |
| Recurring financial income | 75 | €227 | €63 | -€164 | -72.3% |
| Financial charges | 65/66B | €5,061 | €6,081 | +€1,020 | +20.2% |
| Recurring financial charges | 65 | €5,061 | €6,081 | +€1,020 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €71,295 | €86,734 | +€15,440 | +21.7% |
| Income taxes | 67/77 | €792 | €1,188 | +€396 | +49.9% |
| Profit (loss) for the period | 9904 | €70,502 | €85,547 | +€15,044 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,502 | €85,547 | +€15,044 | +21.3% |
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 30 October 2026 via checked.be.