APOTHEEK COENEN BART: 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 COENEN BART
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€84,824
2024 · €79,198+€5,627
Equity
€545,323
2024 · €460,498+€84,824
Cash
€137,362
2024 · €126,499+€10,863
Balance sheet total
€1.8m
2024 · €1.8m-€17,559
Largest movements
Assets
- Tangible fixed assets -€52,909
down €52,909 (-4.2%), from €1.3m to €1.2m
Equity and liabilities
- Reserves +€84,824
up €84,824 (+19.2%), from €441,898 to €526,723
- Debts after one year -€58,180
down €58,180 (-7.0%), from €828,263 to €770,084
- Other debts -€41,020
down €41,020 (-12.9%), from €318,874 to €277,854
Income statement
- Financial charges -€17,174
down €17,174 (-25.7%), from €66,746 to €49,572
- Staff costs +€5,525
up €5,525 (+4.1%), from €135,038 to €140,563
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
€79,198
Gross operating margin
-€145
Staff costs
-€5,525
Depreciation
-€1,867
Other operating charges
-€92
Financial income
-€1,334
Financial charges
+€17,174
Taxes
-€2,583
Result 2025
€84,824
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
+€77,323
Investment
-€8,281
Financing
-€58,180
Cash 2024
€126,499
From operations (derived)
+€77,323
Net result for the year
+€84,824
Depreciation
+€61,190
Stocks and contracts
-€14,763
Receivables within one year
-€12,769
Deferred charges and accrued income
+€3,045
Trade debts
+€7,599
Tax, wage and social debts
-€8,522
Other debts
-€41,020
Accrued charges and deferred income
-€2,261
Investment (derived)
-€8,281
Investment in fixed assets (net)
-€8,281
Financing
-€58,180
Debts after one year
-€58,180
Cash 2025
€137,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,791,502 | €1,773,942 | -€17,559 | -1.0% |
| Fixed assets | 21/28 | €1,274,658 | €1,221,748 | -€52,909 | -4.2% |
| Tangible fixed assets | 22/27 | €1,274,658 | €1,221,748 | -€52,909 | -4.2% |
| Land and buildings | 22 | €854,993 | €837,078 | -€17,915 | -2.1% |
| Plant, machinery and equipment | 23 | €300,825 | €281,942 | -€18,883 | -6.3% |
| Furniture and vehicles | 24 | €118,839 | €102,728 | -€16,111 | -13.6% |
| Current assets | 29/58 | €516,844 | €552,194 | +€35,350 | +6.8% |
| Stocks and contracts in progress | 3 | €236,367 | €251,130 | +€14,763 | +6.2% |
| Stocks | 30/36 | €236,367 | €251,130 | +€14,763 | +6.2% |
| Amounts receivable within one year | 40/41 | €145,047 | €157,816 | +€12,769 | +8.8% |
| Trade receivables | 40 | €145,047 | €157,627 | +€12,579 | +8.7% |
| Other amounts receivable | 41 | €0 | €190 | +€190 | |
| Cash at bank and in hand | 54/58 | €126,499 | €137,362 | +€10,863 | +8.6% |
| Deferred charges and accrued income | 490/1 | €8,930 | €5,886 | -€3,045 | -34.1% |
| Total equity and liabilities | 10/49 | €1,791,502 | €1,773,942 | -€17,559 | -1.0% |
| Equity | 10/15 | €460,498 | €545,323 | +€84,824 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,898 | €526,723 | +€84,824 | +19.2% |
| Distributable reserves | 133 | €441,898 | €526,723 | +€84,824 | +19.2% |
| Amounts payable | 17/49 | €1,331,003 | €1,228,619 | -€102,384 | -7.7% |
| Amounts payable after more than one year | 17 | €828,263 | €770,084 | -€58,180 | -7.0% |
| Financial debts | 170/4 | €828,263 | €770,084 | -€58,180 | -7.0% |
| Amounts payable within one year | 42/48 | €493,198 | €451,256 | -€41,943 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €58,180 | €58,180 | = | 0.0% |
| Trade debts | 44 | €78,253 | €85,853 | +€7,599 | +9.7% |
| Suppliers | 440/4 | €78,253 | €85,853 | +€7,599 | +9.7% |
| Taxes, remuneration and social security | 45 | €37,891 | €29,369 | -€8,522 | -22.5% |
| Taxes | 450/3 | €20,267 | €11,222 | -€9,046 | -44.6% |
| Remuneration and social security | 454/9 | €17,624 | €18,148 | +€524 | +3.0% |
| Other amounts payable | 47/48 | €318,874 | €277,854 | -€41,020 | -12.9% |
| Accrued charges and deferred income | 492/3 | €9,542 | €7,280 | -€2,261 | -23.7% |
| Remuneration, social security and pensions | 62 | €135,038 | €140,563 | +€5,525 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,323 | €61,190 | +€1,867 | +3.1% |
| Other operating charges | 640/8 | €4,519 | €4,612 | +€92 | +2.0% |
| Gross operating margin | 9900 | €373,222 | €373,077 | -€145 | 0.0% |
| Operating profit (loss) | 9901 | €174,342 | €166,712 | -€7,630 | -4.4% |
| Financial income | 75/76B | €3,828 | €2,495 | -€1,334 | -34.8% |
| Recurring financial income | 75 | €3,828 | €2,495 | -€1,334 | -34.8% |
| Financial charges | 65/66B | €66,746 | €49,572 | -€17,174 | -25.7% |
| Recurring financial charges | 65 | €66,746 | €49,572 | -€17,174 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €111,424 | €119,634 | +€8,210 | +7.4% |
| Income taxes | 67/77 | €32,227 | €34,810 | +€2,583 | +8.0% |
| Profit (loss) for the period | 9904 | €79,198 | €84,824 | +€5,627 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,198 | €84,824 | +€5,627 | +7.1% |
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 18 October 2026 via checked.be.