Apotheek De Arend: what changed
What changed
Apotheek De Arend
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€18,001
2024 · €37,372-€19,370
Equity
€16,410
2024 · €13,408+€3,001
Cash
€3,210
2024 · €3,949-€739
Balance sheet total
€483,989
2024 · €519,184-€35,195
Largest movements
Assets
- Tangible fixed assets -€28,385
down €28,385 (-10.7%), from €266,043 to €237,658
of which Plant, machinery and equipment: -€17,430
- Intangible fixed assets -€15,000
down €15,000 (-21.1%), from €71,219 to €56,219
- Receivables within one year +€9,170
up €9,170 (+15.7%), from €58,576 to €67,745
of which Trade receivables: +€9,498
Equity and liabilities
- Debts after one year -€58,380
down €58,380 (-18.9%), from €309,395 to €251,015
- Short-term financial debts +€24,159
up €24,159 (+65.8%), from €36,730 to €60,888
- Current portion of long-term debt -€5,800
down €5,800 (-9.0%), from €64,180 to €58,380
Income statement
- Gross operating margin -€11,995
down €11,995 (-7.6%), from €157,658 to €145,662
- Staff costs +€7,336
up €7,336 (+16.2%), from €45,389 to €52,726
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,372
Gross operating margin
-€11,995
Staff costs
-€7,336
Depreciation
-€44
Other operating charges
-€1,440
Other operating items
+€1,126
Financial income
-€514
Financial charges
-€466
Taxes
+€1,300
Result 2025
€18,001
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,873
Investment
-€7,591
Financing
-€55,021
Cash 2024
€3,949
From operations (derived)
+€61,873
Net result for the year
+€18,001
Depreciation
+€48,260
Stocks and contracts
-€279
Receivables within one year
-€9,170
Deferred charges and accrued income
+€3,235
Trade debts
+€572
Tax, wage and social debts
-€2,659
Other debts
+€1,602
Accrued charges and deferred income
+€2,310
Investment (derived)
-€7,591
Investment in fixed assets (net)
-€7,591
Financing
-€55,021
Debts after one year
-€58,380
Current portion of long-term debt
-€5,800
Short-term financial debts
+€24,159
Contributions, distributions and other
-€15,000
Cash 2025
€3,210
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,184 | €483,989 | -€35,195 | -6.8% |
| Fixed assets | 21/28 | €338,994 | €298,324 | -€40,670 | -12.0% |
| Intangible fixed assets | 21 | €71,219 | €56,219 | -€15,000 | -21.1% |
| Tangible fixed assets | 22/27 | €266,043 | €237,658 | -€28,385 | -10.7% |
| Land and buildings | 22 | €151,500 | €141,227 | -€10,273 | -6.8% |
| Plant, machinery and equipment | 23 | €113,652 | €96,222 | -€17,430 | -15.3% |
| Furniture and vehicles | 24 | €891 | €209 | -€682 | -76.5% |
| Financial fixed assets | 28 | €1,731 | €4,447 | +€2,715 | +157% |
| Current assets | 29/58 | €180,190 | €185,664 | +€5,474 | +3.0% |
| Stocks and contracts in progress | 3 | €97,891 | €98,170 | +€279 | +0.3% |
| Stocks | 30/36 | €97,891 | €98,170 | +€279 | +0.3% |
| Amounts receivable within one year | 40/41 | €58,576 | €67,745 | +€9,170 | +15.7% |
| Trade receivables | 40 | €58,188 | €67,686 | +€9,498 | +16.3% |
| Other amounts receivable | 41 | €388 | €59 | -€328 | -84.7% |
| Cash at bank and in hand | 54/58 | €3,949 | €3,210 | -€739 | -18.7% |
| Deferred charges and accrued income | 490/1 | €19,775 | €16,539 | -€3,235 | -16.4% |
| Total equity and liabilities | 10/49 | €519,184 | €483,989 | -€35,195 | -6.8% |
| Equity | 10/15 | €13,408 | €16,410 | +€3,001 | +22.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,408 | €11,410 | +€3,001 | +35.7% |
| Distributable reserves | 133 | €8,408 | €11,410 | +€3,001 | +35.7% |
| Amounts payable | 17/49 | €505,775 | €467,579 | -€38,197 | -7.6% |
| Amounts payable after more than one year | 17 | €309,395 | €251,015 | -€58,380 | -18.9% |
| Financial debts | 170/4 | €309,395 | €251,015 | -€58,380 | -18.9% |
| Amounts payable within one year | 42/48 | €196,381 | €214,254 | +€17,873 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €64,180 | €58,380 | -€5,800 | -9.0% |
| Financial debts | 43 | €36,730 | €60,888 | +€24,159 | +65.8% |
| Credit institutions | 430/8 | €36,730 | €60,888 | +€24,159 | +65.8% |
| Trade debts | 44 | €55,424 | €55,996 | +€572 | +1.0% |
| Suppliers | 440/4 | €55,424 | €55,996 | +€572 | +1.0% |
| Taxes, remuneration and social security | 45 | €10,158 | €7,499 | -€2,659 | -26.2% |
| Taxes | 450/3 | €4,658 | €1,815 | -€2,843 | -61.0% |
| Remuneration and social security | 454/9 | €5,500 | €5,684 | +€184 | +3.3% |
| Other amounts payable | 47/48 | €29,889 | €31,491 | +€1,602 | +5.4% |
| Accrued charges and deferred income | 492/3 | - | €2,310 | +€2,310 | |
| Non-recurring operating income | 76A | - | €457 | +€457 | |
| Remuneration, social security and pensions | 62 | €45,389 | €52,726 | +€7,336 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,216 | €48,260 | +€44 | +0.1% |
| Other operating charges | 640/8 | €2,413 | €3,853 | +€1,440 | +59.7% |
| Non-recurring operating charges | 66A | €1,126 | - | -€1,126 | |
| Gross operating margin | 9900 | €157,658 | €145,662 | -€11,995 | -7.6% |
| Operating profit (loss) | 9901 | €60,513 | €40,823 | -€19,690 | -32.5% |
| Financial income | 75/76B | €1,727 | €1,213 | -€514 | -29.8% |
| Recurring financial income | 75 | €1,727 | €1,213 | -€514 | -29.8% |
| Financial charges | 65/66B | €16,278 | €16,744 | +€466 | +2.9% |
| Recurring financial charges | 65 | €16,278 | €16,744 | +€466 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €45,962 | €25,292 | -€20,670 | -45.0% |
| Income taxes | 67/77 | €8,590 | €7,291 | -€1,300 | -15.1% |
| Profit (loss) for the period | 9904 | €37,372 | €18,001 | -€19,370 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,372 | €18,001 | -€19,370 | -51.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.