Apotheek D'haen: 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 D'haen
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€31,606
down €31,606 (-10.9%), from €290,879 to €259,274
mainly Other debts (-€99,395) and Current investments (-€75,000)
- Tangible fixed assets -€8,447
down €8,447 (-7.5%), from €112,448 to €104,001
of which Land and buildings: -€12,948
- Reserves +€122,178
up €122,178 (+35.6%), from €342,959 to €465,138
- Other debts -€99,395
down €99,395 (-57.5%), from €172,873 to €73,479
- Tax, wage and social debts +€19,823
up €19,823 (+1,693%), from €1,171 to €20,993
of which Taxes: +€17,015
- Debts after one year -€9,261
down €9,261 (-22.2%), from €41,683 to €32,422
- Gross operating margin +€70,266
up €70,266 (+36.1%), from €194,474 to €264,741
- Taxes +€18,346
up €18,346 (+77.5%), from €23,669 to €42,015
- Other operating charges -€8,062
down €8,062 (-70.5%), from €11,438 to €3,376
- Financial income -€3,778
down €3,778 (-22.0%), from €17,178 to €13,400
- Depreciation +€2,914
up €2,914 (+18.6%), from €15,643 to €18,557
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 | €686,825 | €720,561 | +€33,736 | +4.9% |
| Fixed assets | 21/28 | €112,448 | €104,001 | -€8,447 | -7.5% |
| Tangible fixed assets | 22/27 | €112,448 | €104,001 | -€8,447 | -7.5% |
| Land and buildings | 22 | €103,070 | €90,122 | -€12,948 | -12.6% |
| Plant, machinery and equipment | 23 | €5,941 | €9,562 | +€3,621 | +60.9% |
| Furniture and vehicles | 24 | €3,436 | €4,317 | +€880 | +25.6% |
| Current assets | 29/58 | €574,377 | €616,560 | +€42,182 | +7.3% |
| Stocks and contracts in progress | 3 | €176,443 | €177,259 | +€817 | +0.5% |
| Stocks | 30/36 | €176,443 | €177,259 | +€817 | +0.5% |
| Amounts receivable within one year | 40/41 | €9,557 | €4,043 | -€5,515 | -57.7% |
| Trade receivables | 40 | €3,937 | €3,750 | -€187 | -4.8% |
| Other amounts receivable | 41 | €5,621 | €293 | -€5,327 | -94.8% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €290,879 | €259,274 | -€31,606 | -10.9% |
| Deferred charges and accrued income | 490/1 | €97,498 | €100,984 | +€3,486 | +3.6% |
| Total equity and liabilities | 10/49 | €686,825 | €720,561 | +€33,736 | +4.9% |
| Equity | 10/15 | €361,559 | €483,738 | +€122,178 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,959 | €465,138 | +€122,178 | +35.6% |
| Distributable reserves | 133 | €342,959 | €465,138 | +€122,178 | +35.6% |
| Amounts payable | 17/49 | €325,266 | €236,823 | -€88,443 | -27.2% |
| Amounts payable after more than one year | 17 | €41,683 | €32,422 | -€9,261 | -22.2% |
| Financial debts | 170/4 | €41,683 | €32,422 | -€9,261 | -22.2% |
| Amounts payable within one year | 42/48 | €280,295 | €201,203 | -€79,092 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €9,160 | €9,261 | +€101 | +1.1% |
| Trade debts | 44 | €97,091 | €97,470 | +€379 | +0.4% |
| Suppliers | 440/4 | €97,091 | €97,470 | +€379 | +0.4% |
| Taxes, remuneration and social security | 45 | €1,171 | €20,993 | +€19,823 | +1,693% |
| Taxes | 450/3 | - | €17,015 | +€17,015 | |
| Remuneration and social security | 454/9 | €1,171 | €3,978 | +€2,808 | +240% |
| Other amounts payable | 47/48 | €172,873 | €73,479 | -€99,395 | -57.5% |
| Accrued charges and deferred income | 492/3 | €3,287 | €3,198 | -€89 | -2.7% |
| Remuneration, social security and pensions | 62 | €16,335 | €18,782 | +€2,447 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,643 | €18,557 | +€2,914 | +18.6% |
| Other operating charges | 640/8 | €11,438 | €3,376 | -€8,062 | -70.5% |
| Gross operating margin | 9900 | €194,474 | €264,741 | +€70,266 | +36.1% |
| Operating profit (loss) | 9901 | €151,058 | €224,026 | +€72,968 | +48.3% |
| Financial income | 75/76B | €17,178 | €13,400 | -€3,778 | -22.0% |
| Recurring financial income | 75 | €17,178 | €13,400 | -€3,778 | -22.0% |
| Financial charges | 65/66B | €1,101 | €1,233 | +€131 | +11.9% |
| Recurring financial charges | 65 | €1,101 | €1,233 | +€131 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €167,135 | €236,193 | +€69,058 | +41.3% |
| Income taxes | 67/77 | €23,669 | €42,015 | +€18,346 | +77.5% |
| Profit (loss) for the period | 9904 | €143,466 | €194,178 | +€50,712 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €143,466 | €194,178 | +€50,712 | +35.3% |
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 28 October 2026 via checked.be.