APOTHEEK DE FERM: 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 DE FERM
Largest movements
- Receivables within one year +€66,553
up €66,553 (+29.8%), from €223,346 to €289,899
of which Other amounts receivable: +€51,018
- Cash -€56,132
down €56,132 (-38.0%), from €147,653 to €91,522
mainly Contributions, distributions and other (-€140,200) and Receivables within one year (-€66,553)
- Tangible fixed assets -€12,610
down €12,610 (-2.9%), from €432,188 to €419,578
of which Land and buildings: -€28,955
- Other debts +€34,150
up €34,150 (+22.1%), from €154,195 to €188,345
- Debts after one year -€33,303
down €33,303 (-13.9%), from €239,238 to €205,934
- Current portion of long-term debt -€15,766
down €15,766 (-32.1%), from €49,070 to €33,303
- Tax, wage and social debts +€10,417
up €10,417 (+35.2%), from €29,598 to €40,015
of which Remuneration and social security: +€7,958
- Staff costs +€22,911
up €22,911 (+11.0%), from €208,701 to €231,612
- Gross operating margin +€7,652
up €7,652 (+1.7%), from €459,087 to €466,739
- Depreciation +€5,042
up €5,042 (+12.0%), from €42,047 to €47,089
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 | €946,537 | €938,151 | -€8,386 | -0.9% |
| Fixed assets | 21/28 | €432,188 | €419,578 | -€12,610 | -2.9% |
| Tangible fixed assets | 22/27 | €432,188 | €419,578 | -€12,610 | -2.9% |
| Land and buildings | 22 | €378,569 | €349,614 | -€28,955 | -7.6% |
| Plant, machinery and equipment | 23 | €26,920 | €49,047 | +€22,127 | +82.2% |
| Furniture and vehicles | 24 | €26,699 | €20,916 | -€5,782 | -21.7% |
| Current assets | 29/58 | €514,349 | €518,573 | +€4,224 | +0.8% |
| Stocks and contracts in progress | 3 | €129,418 | €128,917 | -€501 | -0.4% |
| Stocks | 30/36 | €129,418 | €128,917 | -€501 | -0.4% |
| Amounts receivable within one year | 40/41 | €223,346 | €289,899 | +€66,553 | +29.8% |
| Trade receivables | 40 | €147,255 | €162,790 | +€15,536 | +10.6% |
| Other amounts receivable | 41 | €76,091 | €127,109 | +€51,018 | +67.0% |
| Cash at bank and in hand | 54/58 | €147,653 | €91,522 | -€56,132 | -38.0% |
| Deferred charges and accrued income | 490/1 | €13,932 | €8,235 | -€5,697 | -40.9% |
| Total equity and liabilities | 10/49 | €946,537 | €938,151 | -€8,386 | -0.9% |
| Equity | 10/15 | €303,041 | €301,242 | -€1,799 | -0.6% |
| 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 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,041 | €214,242 | -€1,799 | -0.8% |
| Amounts payable | 17/49 | €643,496 | €636,909 | -€6,587 | -1.0% |
| Amounts payable after more than one year | 17 | €239,238 | €205,934 | -€33,303 | -13.9% |
| Financial debts | 170/4 | €239,238 | €205,934 | -€33,303 | -13.9% |
| Amounts payable within one year | 42/48 | €401,443 | €427,989 | +€26,546 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €49,070 | €33,303 | -€15,766 | -32.1% |
| Trade debts | 44 | €168,580 | €166,326 | -€2,255 | -1.3% |
| Suppliers | 440/4 | €168,580 | €166,326 | -€2,255 | -1.3% |
| Taxes, remuneration and social security | 45 | €29,598 | €40,015 | +€10,417 | +35.2% |
| Taxes | 450/3 | €8,982 | €11,441 | +€2,459 | +27.4% |
| Remuneration and social security | 454/9 | €20,616 | €28,574 | +€7,958 | +38.6% |
| Other amounts payable | 47/48 | €154,195 | €188,345 | +€34,150 | +22.1% |
| Accrued charges and deferred income | 492/3 | €2,815 | €2,986 | +€171 | +6.1% |
| Remuneration, social security and pensions | 62 | €208,701 | €231,612 | +€22,911 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,047 | €47,089 | +€5,042 | +12.0% |
| Other operating charges | 640/8 | €418 | €647 | +€229 | +54.7% |
| Gross operating margin | 9900 | €459,087 | €466,739 | +€7,652 | +1.7% |
| Operating profit (loss) | 9901 | €207,922 | €187,392 | -€20,530 | -9.9% |
| Financial income | 75/76B | €1,034 | €1,389 | +€356 | +34.4% |
| Recurring financial income | 75 | €1,034 | €1,389 | +€356 | +34.4% |
| Financial charges | 65/66B | €34,343 | €30,385 | -€3,958 | -11.5% |
| Recurring financial charges | 65 | €34,343 | €30,385 | -€3,958 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €174,612 | €158,396 | -€16,217 | -9.3% |
| Income taxes | 67/77 | €20,316 | €19,994 | -€322 | -1.6% |
| Profit (loss) for the period | 9904 | €154,296 | €138,402 | -€15,895 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €154,296 | €138,402 | -€15,895 | -10.3% |
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 31 October 2026 via checked.be.