Apotheek DB Waregem: 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 DB Waregem
Largest movements
- Receivables within one year -€82,774
down €82,774 (-46.4%), from €178,349 to €95,575
of which Trade receivables: -€41,899
- Cash +€74,512
up €74,512 (+99.5%), from €74,891 to €149,403
mainly Receivables within one year (+€82,774) and Net result for the year (+€56,703)
- Tangible fixed assets -€36,766
down €36,766 (-9.1%), from €404,133 to €367,366
of which Plant, machinery and equipment: -€21,507
- Stocks and contracts +€23,333
up €23,333 (+23.3%), from €100,223 to €123,557
- Trade debts -€92,744
down €92,744 (-72.4%), from €128,142 to €35,398
- Reserves +€56,703
up €56,703 (+49.3%), from €114,967 to €171,670
of which Distributable reserves: +€56,703
- Other debts +€32,477
up €32,477 (+10.6%), from €306,938 to €339,415
- Debts after one year -€24,584
down €24,584 (-28.0%), from €87,914 to €63,330
- Gross operating margin +€92,197
up €92,197 (+39.4%), from €233,793 to €325,989
- Staff costs +€17,116
up €17,116 (+10.8%), from €158,294 to €175,410
- Taxes +€17,000
new in 2025: €17,000
- Depreciation +€14,171
up €14,171 (+52.9%), from €26,792 to €40,963
- Financial charges +€4,362
up €4,362 (+15.2%), from €28,655 to €33,017
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 | €763,120 | €739,693 | -€23,427 | -3.1% |
| Fixed assets | 21/28 | €406,315 | €370,923 | -€35,392 | -8.7% |
| Intangible fixed assets | 21 | €2,182 | €3,556 | +€1,374 | +63.0% |
| Tangible fixed assets | 22/27 | €404,133 | €367,366 | -€36,766 | -9.1% |
| Land and buildings | 22 | €104,549 | €99,636 | -€4,913 | -4.7% |
| Plant, machinery and equipment | 23 | €86,699 | €65,192 | -€21,507 | -24.8% |
| Furniture and vehicles | 24 | - | €2,879 | +€2,879 | |
| Other tangible fixed assets | 26 | €212,885 | €199,660 | -€13,225 | -6.2% |
| Current assets | 29/58 | €356,805 | €368,770 | +€11,965 | +3.4% |
| Stocks and contracts in progress | 3 | €100,223 | €123,557 | +€23,333 | +23.3% |
| Stocks | 30/36 | €100,223 | €123,557 | +€23,333 | +23.3% |
| Amounts receivable within one year | 40/41 | €178,349 | €95,575 | -€82,774 | -46.4% |
| Trade receivables | 40 | €133,020 | €91,121 | -€41,899 | -31.5% |
| Other amounts receivable | 41 | €45,330 | €4,454 | -€40,875 | -90.2% |
| Cash at bank and in hand | 54/58 | €74,891 | €149,403 | +€74,512 | +99.5% |
| Deferred charges and accrued income | 490/1 | €3,342 | €235 | -€3,106 | -93.0% |
| Total equity and liabilities | 10/49 | €763,120 | €739,693 | -€23,427 | -3.1% |
| Equity | 10/15 | €176,967 | €233,670 | +€56,703 | +32.0% |
| 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 | €114,967 | €171,670 | +€56,703 | +49.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €108,767 | €165,470 | +€56,703 | +52.1% |
| Amounts payable | 17/49 | €586,153 | €506,023 | -€80,130 | -13.7% |
| Amounts payable after more than one year | 17 | €87,914 | €63,330 | -€24,584 | -28.0% |
| Financial debts | 170/4 | €87,914 | €63,330 | -€24,584 | -28.0% |
| Amounts payable within one year | 42/48 | €487,009 | €433,564 | -€53,445 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €23,685 | €24,584 | +€899 | +3.8% |
| Trade debts | 44 | €128,142 | €35,398 | -€92,744 | -72.4% |
| Suppliers | 440/4 | €128,142 | €35,398 | -€92,744 | -72.4% |
| Taxes, remuneration and social security | 45 | €28,244 | €34,167 | +€5,923 | +21.0% |
| Taxes | 450/3 | - | €2,583 | +€2,583 | |
| Remuneration and social security | 454/9 | €28,244 | €31,584 | +€3,341 | +11.8% |
| Other amounts payable | 47/48 | €306,938 | €339,415 | +€32,477 | +10.6% |
| Accrued charges and deferred income | 492/3 | €11,230 | €9,128 | -€2,101 | -18.7% |
| Remuneration, social security and pensions | 62 | €158,294 | €175,410 | +€17,116 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,792 | €40,963 | +€14,171 | +52.9% |
| Other operating charges | 640/8 | €4,279 | €4,436 | +€158 | +3.7% |
| Gross operating margin | 9900 | €233,793 | €325,989 | +€92,197 | +39.4% |
| Operating profit (loss) | 9901 | €44,428 | €105,180 | +€60,752 | +137% |
| Financial income | 75/76B | €3,061 | €1,541 | -€1,520 | -49.7% |
| Recurring financial income | 75 | €3,061 | €1,541 | -€1,520 | -49.7% |
| Financial charges | 65/66B | €28,655 | €33,017 | +€4,362 | +15.2% |
| Recurring financial charges | 65 | €28,655 | €33,017 | +€4,362 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €18,833 | €73,703 | +€54,870 | +291% |
| Income taxes | 67/77 | - | €17,000 | +€17,000 | |
| Profit (loss) for the period | 9904 | €18,833 | €56,703 | +€37,870 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €18,833 | €56,703 | +€37,870 | +201% |
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 13 October 2026 via checked.be.