Apotheek De Hei: what changed
What changed
Apotheek De Hei
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€86,726
2024 · €71,685+€15,041
Equity
€330,659
2024 · €330,933-€274
Cash
€178,185
2024 · €196,158-€17,973
Balance sheet total
€792,673
2024 · €542,269+€250,405
Largest movements
Assets
- Tangible fixed assets +€233,319
up €233,319 (+3,055%), from €7,637 to €240,956
of which Land and buildings: +€234,814
- Receivables within one year +€58,670
up €58,670 (+37.9%), from €154,737 to €213,407
of which Other amounts receivable: +€43,420
- Current investments -€49,498
down €49,498 (-85.9%), from €57,638 to €8,140
- Stocks and contracts +€24,178
up €24,178 (+20.0%), from €121,014 to €145,192
- Cash -€17,973
down €17,973 (-9.2%), from €196,158 to €178,185
mainly Investment in fixed assets (net) (-€272,127) and Contributions, distributions and other (-€87,000)
Equity and liabilities
- Debts after one year +€243,702
new in 2025: €243,702
- Trade debts -€15,483
down €15,483 (-14.5%), from €107,087 to €91,605
- Current portion of long-term debt +€10,411
new in 2025: €10,411
- Short-term financial debts +€8,484
new in 2025: €8,484
Income statement
- Gross operating margin +€77,645
up €77,645 (+34.1%), from €227,893 to €305,538
- Depreciation +€35,691
up €35,691 (+1,145%), from €3,116 to €38,808
- Taxes +€15,682
up €15,682 (+111%), from €14,129 to €29,811
- Financial charges +€7,762
up €7,762 (+51.5%), from €15,072 to €22,834
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
€71,685
Gross operating margin
+€77,645
Staff costs
-€1,809
Depreciation
-€35,691
Other operating charges
-€597
Financial income
-€1,063
Financial charges
-€7,762
Taxes
-€15,682
Result 2025
€86,726
raises the resultlowers the result
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
+€29,059
Investment
-€222,629
Financing
+€175,597
Cash 2024
€196,158
From operations (derived)
+€29,059
Net result for the year
+€86,726
Depreciation
+€38,808
Stocks and contracts
-€24,178
Receivables within one year
-€58,670
Deferred charges and accrued income
-€1,708
Trade debts
-€15,483
Smaller working-capital items
-€57
Other debts
+€3,621
Investment (derived)
-€222,629
Investment in fixed assets (net)
-€272,127
Current investments
+€49,498
Financing
+€175,597
Debts after one year
+€243,702
Current portion of long-term debt
+€10,411
Short-term financial debts
+€8,484
Contributions, distributions and other
-€87,000
Cash 2025
€178,185
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,269 | €792,673 | +€250,405 | +46.2% |
| Fixed assets | 21/28 | €7,637 | €240,956 | +€233,319 | +3,055% |
| Tangible fixed assets | 22/27 | €7,637 | €240,956 | +€233,319 | +3,055% |
| Land and buildings | 22 | - | €234,814 | +€234,814 | |
| Plant, machinery and equipment | 23 | €4,041 | €4,253 | +€212 | +5.2% |
| Furniture and vehicles | 24 | €3,595 | €1,889 | -€1,706 | -47.5% |
| Current assets | 29/58 | €534,632 | €551,717 | +€17,085 | +3.2% |
| Stocks and contracts in progress | 3 | €121,014 | €145,192 | +€24,178 | +20.0% |
| Stocks | 30/36 | €121,014 | €145,192 | +€24,178 | +20.0% |
| Amounts receivable within one year | 40/41 | €154,737 | €213,407 | +€58,670 | +37.9% |
| Trade receivables | 40 | €111,662 | €126,911 | +€15,250 | +13.7% |
| Other amounts receivable | 41 | €43,075 | €86,496 | +€43,420 | +101% |
| Current investments | 50/53 | €57,638 | €8,140 | -€49,498 | -85.9% |
| Cash at bank and in hand | 54/58 | €196,158 | €178,185 | -€17,973 | -9.2% |
| Deferred charges and accrued income | 490/1 | €5,085 | €6,793 | +€1,708 | +33.6% |
| Total equity and liabilities | 10/49 | €542,269 | €792,673 | +€250,405 | +46.2% |
| Equity | 10/15 | €330,933 | €330,659 | -€274 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,130 | €311,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,130 | €1,130 | = | 0.0% |
| Distributable reserves | 133 | €310,000 | €310,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,203 | €929 | -€274 | -22.8% |
| Amounts payable | 17/49 | €211,336 | €462,014 | +€250,679 | +119% |
| Amounts payable after more than one year | 17 | - | €243,702 | +€243,702 | |
| Financial debts | 170/4 | - | €243,702 | +€243,702 | |
| Amounts payable within one year | 42/48 | €211,039 | €217,647 | +€6,608 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,411 | +€10,411 | |
| Financial debts | 43 | - | €8,484 | +€8,484 | |
| Credit institutions | 430/8 | - | €8,484 | +€8,484 | |
| Trade debts | 44 | €107,087 | €91,605 | -€15,483 | -14.5% |
| Suppliers | 440/4 | €107,087 | €91,605 | -€15,483 | -14.5% |
| Taxes, remuneration and social security | 45 | €20,413 | €19,987 | -€426 | -2.1% |
| Taxes | 450/3 | €84 | €4,991 | +€4,907 | +5,812% |
| Remuneration and social security | 454/9 | €20,328 | €14,996 | -€5,332 | -26.2% |
| Other amounts payable | 47/48 | €83,539 | €87,160 | +€3,621 | +4.3% |
| Accrued charges and deferred income | 492/3 | €297 | €666 | +€369 | +124% |
| Remuneration, social security and pensions | 62 | €125,842 | €127,651 | +€1,809 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,116 | €38,808 | +€35,691 | +1,145% |
| Other operating charges | 640/8 | €1,040 | €1,637 | +€597 | +57.3% |
| Gross operating margin | 9900 | €227,893 | €305,538 | +€77,645 | +34.1% |
| Operating profit (loss) | 9901 | €97,894 | €137,443 | +€39,548 | +40.4% |
| Financial income | 75/76B | €2,991 | €1,929 | -€1,063 | -35.5% |
| Recurring financial income | 75 | €2,991 | €1,929 | -€1,063 | -35.5% |
| Financial charges | 65/66B | €15,072 | €22,834 | +€7,762 | +51.5% |
| Recurring financial charges | 65 | €15,072 | €22,834 | +€7,762 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €85,814 | €116,537 | +€30,723 | +35.8% |
| Income taxes | 67/77 | €14,129 | €29,811 | +€15,682 | +111% |
| Profit (loss) for the period | 9904 | €71,685 | €86,726 | +€15,041 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,685 | €86,726 | +€15,041 | +21.0% |
Next steps
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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 7 November 2026 via checked.be.