APOTHEEK DE MAN: what changed
What changed
APOTHEEK DE MAN
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€143,317
2024 · €105,328+€37,989
Equity
€86,140
2024 · €86,123+€17
Cash
€219,880
2024 · €288,682-€68,802
Balance sheet total
€1.1m
2024 · €1.0m+€42,695
Largest movements
Assets
- Receivables within one year +€73,364
up €73,364 (+48.7%), from €150,674 to €224,039
of which Trade receivables: +€49,356
- Cash -€68,802
down €68,802 (-23.8%), from €288,682 to €219,880
mainly Contributions, distributions and other (-€143,300) and Receivables within one year (-€73,364)
- Stocks and contracts +€55,783
up €55,783 (+27.1%), from €205,732 to €261,515
- Tangible fixed assets -€25,457
down €25,457 (-7.4%), from €345,473 to €320,017
of which Land and buildings: -€14,629
Equity and liabilities
- Other debts +€82,791
up €82,791 (+23.4%), from €353,433 to €436,224
- Debts after one year -€33,485
down €33,485 (-8.4%), from €399,633 to €366,148
Income statement
- Staff costs -€40,546
down €40,546 (-20.6%), from €196,705 to €156,158
- Taxes +€7,885
up €7,885 (+26.3%), from €29,957 to €37,843
- Gross operating margin +€4,756
up €4,756 (+1.3%), from €379,820 to €384,576
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
€105,328
Gross operating margin
+€4,756
Staff costs
+€40,546
Depreciation
-€598
Other operating charges
-€247
Financial income
+€21
Financial charges
+€1,395
Taxes
-€7,885
Result 2025
€143,317
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
+€111,494
Investment
-€3,620
Financing
-€176,676
Cash 2024
€288,682
From operations (derived)
+€111,494
Net result for the year
+€143,317
Depreciation
+€25,457
Stocks and contracts
-€55,783
Receivables within one year
-€73,364
Deferred charges and accrued income
-€4,186
Trade debts
+€4,209
Tax, wage and social debts
-€6,571
Other debts
+€82,791
Accrued charges and deferred income
-€4,375
Investment (derived)
-€3,620
Investment in fixed assets (net)
-€3,620
Financing
-€176,676
Debts after one year
-€33,485
Current portion of long-term debt
+€109
Contributions, distributions and other
-€143,300
Cash 2025
€219,880
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,018,806 | €1,061,501 | +€42,695 | +4.2% |
| Fixed assets | 21/28 | €350,594 | €328,758 | -€21,836 | -6.2% |
| Tangible fixed assets | 22/27 | €345,473 | €320,017 | -€25,457 | -7.4% |
| Land and buildings | 22 | €303,457 | €288,828 | -€14,629 | -4.8% |
| Plant, machinery and equipment | 23 | €38,263 | €29,376 | -€8,888 | -23.2% |
| Furniture and vehicles | 24 | €3,753 | €1,813 | -€1,940 | -51.7% |
| Financial fixed assets | 28 | €5,121 | €8,741 | +€3,620 | +70.7% |
| Current assets | 29/58 | €668,211 | €732,743 | +€64,531 | +9.7% |
| Stocks and contracts in progress | 3 | €205,732 | €261,515 | +€55,783 | +27.1% |
| Stocks | 30/36 | €205,732 | €261,515 | +€55,783 | +27.1% |
| Amounts receivable within one year | 40/41 | €150,674 | €224,039 | +€73,364 | +48.7% |
| Trade receivables | 40 | €144,146 | €193,502 | +€49,356 | +34.2% |
| Other amounts receivable | 41 | €6,529 | €30,537 | +€24,008 | +368% |
| Cash at bank and in hand | 54/58 | €288,682 | €219,880 | -€68,802 | -23.8% |
| Deferred charges and accrued income | 490/1 | €23,123 | €27,309 | +€4,186 | +18.1% |
| Total equity and liabilities | 10/49 | €1,018,806 | €1,061,501 | +€42,695 | +4.2% |
| Equity | 10/15 | €86,123 | €86,140 | +€17 | 0.0% |
| 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 | €24,123 | €24,140 | +€17 | +0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €17,923 | €17,940 | +€17 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €932,682 | €975,361 | +€42,679 | +4.6% |
| Amounts payable after more than one year | 17 | €399,633 | €366,148 | -€33,485 | -8.4% |
| Financial debts | 170/4 | €399,633 | €366,148 | -€33,485 | -8.4% |
| Amounts payable within one year | 42/48 | €453,005 | €533,543 | +€80,539 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €33,376 | €33,485 | +€109 | +0.3% |
| Trade debts | 44 | €32,267 | €36,476 | +€4,209 | +13.0% |
| Suppliers | 440/4 | €32,267 | €36,476 | +€4,209 | +13.0% |
| Taxes, remuneration and social security | 45 | €33,929 | €27,358 | -€6,571 | -19.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €33,929 | €27,358 | -€6,571 | -19.4% |
| Other amounts payable | 47/48 | €353,433 | €436,224 | +€82,791 | +23.4% |
| Accrued charges and deferred income | 492/3 | €80,045 | €75,670 | -€4,375 | -5.5% |
| Remuneration, social security and pensions | 62 | €196,705 | €156,158 | -€40,546 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,859 | €25,457 | +€598 | +2.4% |
| Other operating charges | 640/8 | €5,252 | €5,499 | +€247 | +4.7% |
| Gross operating margin | 9900 | €379,820 | €384,576 | +€4,756 | +1.3% |
| Operating profit (loss) | 9901 | €153,004 | €197,462 | +€44,458 | +29.1% |
| Financial income | 75/76B | €1,906 | €1,927 | +€21 | +1.1% |
| Recurring financial income | 75 | €1,906 | €1,927 | +€21 | +1.1% |
| Financial charges | 65/66B | €19,625 | €18,230 | -€1,395 | -7.1% |
| Recurring financial charges | 65 | €19,625 | €18,230 | -€1,395 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €135,285 | €181,159 | +€45,874 | +33.9% |
| Income taxes | 67/77 | €29,957 | €37,843 | +€7,885 | +26.3% |
| Profit (loss) for the period | 9904 | €105,328 | €143,317 | +€37,989 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,328 | €143,317 | +€37,989 | +36.1% |
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 4 November 2026 via checked.be.