APOTHEEK COENE: 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 COENE
Largest movements
- Cash -€87,418
down €87,418 (-16.7%), from €523,710 to €436,293
mainly Other debts (-€400,000) and Stocks and contracts (-€15,207)
- Tangible fixed assets -€22,233
down €22,233 (-10.8%), from €204,977 to €182,744
- Stocks and contracts +€15,207
up €15,207 (+4.9%), from €308,770 to €323,978
- Other debts -€400,000
no longer reported in 2025 (was €400,000)
- Reserves +€271,932
up €271,932 (+42.4%), from €641,879 to €913,812
of which Distributable reserves: +€208,782
- Trade debts +€37,843
up €37,843 (+30.9%), from €122,279 to €160,122
- Accrued charges and deferred income -€13,196
no longer reported in 2025 (was €13,196)
- Turnover -€3.1m
no longer reported in 2025 (was €3.1m)
- Purchases and services -€2.5m
no longer reported in 2025 (was €2.5m)
- Taxes +€93,801
up €93,801 (+156%), from €60,000 to €153,801
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 | €1,259,583 | €1,168,088 | -€91,495 | -7.3% |
| Fixed assets | 21/28 | €209,977 | €187,744 | -€22,233 | -10.6% |
| Tangible fixed assets | 22/27 | €204,977 | €182,744 | -€22,233 | -10.8% |
| Land and buildings | 22 | €121,664 | €112,226 | -€9,438 | -7.8% |
| Plant, machinery and equipment | 23 | €65,383 | €59,992 | -€5,392 | -8.2% |
| Furniture and vehicles | 24 | €17,930 | €10,526 | -€7,404 | -41.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,049,606 | €980,345 | -€69,262 | -6.6% |
| Stocks and contracts in progress | 3 | €308,770 | €323,978 | +€15,207 | +4.9% |
| Stocks | 30/36 | €308,770 | €323,978 | +€15,207 | +4.9% |
| Amounts receivable within one year | 40/41 | €217,126 | €215,976 | -€1,150 | -0.5% |
| Trade receivables | 40 | €202,246 | €210,291 | +€8,045 | +4.0% |
| Other amounts receivable | 41 | €14,880 | €5,684 | -€9,195 | -61.8% |
| Cash at bank and in hand | 54/58 | €523,710 | €436,293 | -€87,418 | -16.7% |
| Deferred charges and accrued income | 490/1 | - | €4,099 | +€4,099 | |
| Total equity and liabilities | 10/49 | €1,259,583 | €1,168,088 | -€91,495 | -7.3% |
| Equity | 10/15 | €703,379 | €975,312 | +€271,932 | +38.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €641,879 | €913,812 | +€271,932 | +42.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,350 | €210,500 | +€63,150 | +42.9% |
| Distributable reserves | 133 | €488,379 | €697,162 | +€208,782 | +42.8% |
| Amounts payable | 17/49 | €556,204 | €192,777 | -€363,427 | -65.3% |
| Amounts payable within one year | 42/48 | €543,008 | €192,777 | -€350,232 | -64.5% |
| Trade debts | 44 | €122,279 | €160,122 | +€37,843 | +30.9% |
| Suppliers | 440/4 | €122,279 | €160,122 | +€37,843 | +30.9% |
| Taxes, remuneration and social security | 45 | €20,730 | €32,655 | +€11,925 | +57.5% |
| Taxes | 450/3 | €0 | €18,609 | +€18,609 | |
| Remuneration and social security | 454/9 | €20,730 | €14,046 | -€6,684 | -32.2% |
| Other amounts payable | 47/48 | €400,000 | - | -€400,000 | |
| Accrued charges and deferred income | 492/3 | €13,196 | - | -€13,196 | |
| Turnover | 70 | €3,072,081 | - | -€3.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,478,237 | - | -€2.5m | |
| Remuneration, social security and pensions | 62 | €172,591 | €161,486 | -€11,105 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,685 | €27,486 | -€1,199 | -4.2% |
| Other operating charges | 640/8 | €2,860 | €5,344 | +€2,484 | +86.8% |
| Gross operating margin | 9900 | €600,571 | €623,290 | +€22,719 | +3.8% |
| Operating profit (loss) | 9901 | €396,434 | €428,974 | +€32,539 | +8.2% |
| Financial income | 75/76B | €4,688 | €4,151 | -€537 | -11.5% |
| Recurring financial income | 75 | €4,688 | €4,151 | -€537 | -11.5% |
| Financial charges | 65/66B | €346 | €7,392 | +€7,046 | +2,036% |
| Recurring financial charges | 65 | €346 | €7,392 | +€7,046 | +2,036% |
| Profit (loss) for the period before taxes | 9903 | €400,776 | €425,733 | +€24,957 | +6.2% |
| Income taxes | 67/77 | €60,000 | €153,801 | +€93,801 | +156% |
| Profit (loss) for the period | 9904 | €340,776 | €271,932 | -€68,844 | -20.2% |
| Transfer from tax-exempt reserves | 789 | - | €147,350 | +€147,350 | |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €340,776 | €208,782 | -€131,994 | -38.7% |
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 30 October 2026 via checked.be.