Apotheek D. VERHAERT: 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. VERHAERT
Largest movements
- Receivables within one year +€65,023
up €65,023 (+12.7%), from €513,119 to €578,142
of which Other amounts receivable: +€65,453
- Stocks and contracts +€12,193
up €12,193 (+9.3%), from €131,567 to €143,760
- Tangible fixed assets -€10,797
down €10,797 (-64.2%), from €16,820 to €6,023
of which Other tangible fixed assets: -€8,553
- Other debts +€162,349
new in 2025: €162,349
- Current portion of long-term debt -€35,965
down €35,965 (-24.6%), from €145,945 to €109,981
- Trade debts -€32,248
down €32,248 (-12.9%), from €250,740 to €218,492
- Debts after one year -€29,871
down €29,871 (-41.6%), from €71,852 to €41,981
- Gross operating margin -€42,503
down €42,503 (-59.0%), from €71,993 to €29,490
- Taxes -€11,804
down €11,804 (-92.2%), from €12,798 to €994
- Financial charges +€3,427
up €3,427 (+29.5%), from €11,623 to €15,050
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 | €679,674 | €740,491 | +€60,817 | +8.9% |
| Fixed assets | 21/28 | €19,106 | €8,309 | -€10,797 | -56.5% |
| Tangible fixed assets | 22/27 | €16,820 | €6,023 | -€10,797 | -64.2% |
| Plant, machinery and equipment | 23 | €2,053 | €1,417 | -€636 | -31.0% |
| Furniture and vehicles | 24 | €6,214 | €4,606 | -€1,607 | -25.9% |
| Other tangible fixed assets | 26 | €8,553 | - | -€8,553 | |
| Financial fixed assets | 28 | €2,286 | €2,286 | = | 0.0% |
| Current assets | 29/58 | €660,568 | €732,181 | +€71,613 | +10.8% |
| Stocks and contracts in progress | 3 | €131,567 | €143,760 | +€12,193 | +9.3% |
| Stocks | 30/36 | €131,567 | €143,760 | +€12,193 | +9.3% |
| Amounts receivable within one year | 40/41 | €513,119 | €578,142 | +€65,023 | +12.7% |
| Trade receivables | 40 | €42,894 | €42,464 | -€430 | -1.0% |
| Other amounts receivable | 41 | €470,225 | €535,678 | +€65,453 | +13.9% |
| Cash at bank and in hand | 54/58 | €8,604 | €5,982 | -€2,621 | -30.5% |
| Deferred charges and accrued income | 490/1 | €7,278 | €4,297 | -€2,981 | -41.0% |
| Total equity and liabilities | 10/49 | €679,674 | €740,491 | +€60,817 | +8.9% |
| Equity | 10/15 | €195,972 | €197,228 | +€1,256 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €177,380 | €178,636 | +€1,256 | +0.7% |
| Distributable reserves | 133 | €177,380 | €178,636 | +€1,256 | +0.7% |
| Amounts payable | 17/49 | €483,702 | €543,263 | +€59,561 | +12.3% |
| Amounts payable after more than one year | 17 | €71,852 | €41,981 | -€29,871 | -41.6% |
| Financial debts | 170/4 | €71,852 | €41,981 | -€29,871 | -41.6% |
| Amounts payable within one year | 42/48 | €411,850 | €501,282 | +€89,432 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €145,945 | €109,981 | -€35,965 | -24.6% |
| Financial debts | 43 | €15,165 | €10,460 | -€4,705 | -31.0% |
| Credit institutions | 430/8 | €15,165 | €10,460 | -€4,705 | -31.0% |
| Trade debts | 44 | €250,740 | €218,492 | -€32,248 | -12.9% |
| Suppliers | 440/4 | €250,740 | €218,492 | -€32,248 | -12.9% |
| Other amounts payable | 47/48 | - | €162,349 | +€162,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,718 | €11,408 | +€690 | +6.4% |
| Other operating charges | 640/8 | €1,744 | €1,661 | -€83 | -4.7% |
| Gross operating margin | 9900 | €71,993 | €29,490 | -€42,503 | -59.0% |
| Operating profit (loss) | 9901 | €59,531 | €16,420 | -€43,111 | -72.4% |
| Financial income | 75/76B | €1,300 | €879 | -€421 | -32.4% |
| Recurring financial income | 75 | €1,300 | €879 | -€421 | -32.4% |
| Financial charges | 65/66B | €11,623 | €15,050 | +€3,427 | +29.5% |
| Recurring financial charges | 65 | €11,623 | €15,050 | +€3,427 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €49,208 | €2,249 | -€46,958 | -95.4% |
| Income taxes | 67/77 | €12,798 | €994 | -€11,804 | -92.2% |
| Profit (loss) for the period | 9904 | €36,410 | €1,256 | -€35,154 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,410 | €1,256 | -€35,154 | -96.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.