Apotheek de Merode: 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 Merode
Largest movements
- Cash -€20,458
down €20,458 (-21.6%), from €94,745 to €74,287
mainly Trade debts (-€48,816) and Debts after one year (-€23,621)
- Tangible fixed assets -€15,370
down €15,370 (-4.4%), from €347,270 to €331,900
of which Other tangible fixed assets: -€14,087
- Trade debts -€48,816
down €48,816 (-49.4%), from €98,735 to €49,919
- Reserves +€27,461
up €27,461 (+18.0%), from €152,694 to €180,155
- Debts after one year -€23,621
down €23,621 (-9.5%), from €249,079 to €225,458
- Other debts +€10,444
up €10,444 (+104%), from €10,000 to €20,444
- Gross operating margin +€43,158
up €43,158 (+53.2%), from €81,095 to €124,252
- Depreciation +€15,872
up €15,872 (+138%), from €11,534 to €27,405
- Taxes +€12,541
up €12,541 (+340%), from €3,692 to €16,233
- Financial charges +€5,664
up €5,664 (+100.0%), from €5,666 to €11,330
- Other operating charges -€2,094
down €2,094 (-67.5%), from €3,103 to €1,008
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 | €679,206 | €648,325 | -€30,880 | -4.5% |
| Fixed assets | 21/28 | €354,305 | €338,128 | -€16,177 | -4.6% |
| Intangible fixed assets | 21 | €2,034 | €1,227 | -€807 | -39.7% |
| Tangible fixed assets | 22/27 | €347,270 | €331,900 | -€15,370 | -4.4% |
| Furniture and vehicles | 24 | €3,241 | €1,958 | -€1,283 | -39.6% |
| Other tangible fixed assets | 26 | €344,029 | €329,943 | -€14,087 | -4.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €324,901 | €310,198 | -€14,703 | -4.5% |
| Stocks and contracts in progress | 3 | €107,595 | €107,418 | -€177 | -0.2% |
| Stocks | 30/36 | €107,595 | €107,418 | -€177 | -0.2% |
| Amounts receivable within one year | 40/41 | €122,433 | €127,515 | +€5,082 | +4.2% |
| Trade receivables | 40 | €74,317 | €75,612 | +€1,294 | +1.7% |
| Other amounts receivable | 41 | €48,116 | €51,904 | +€3,787 | +7.9% |
| Cash at bank and in hand | 54/58 | €94,745 | €74,287 | -€20,458 | -21.6% |
| Deferred charges and accrued income | 490/1 | €128 | €978 | +€850 | +664% |
| Total equity and liabilities | 10/49 | €679,206 | €648,325 | -€30,880 | -4.5% |
| Equity | 10/15 | €291,895 | €319,357 | +€27,461 | +9.4% |
| Contributions | 10/11 | €139,201 | €139,201 | = | 0.0% |
| Reserves | 13 | €152,694 | €180,155 | +€27,461 | +18.0% |
| Distributable reserves | 133 | €152,694 | €180,155 | +€27,461 | +18.0% |
| Amounts payable | 17/49 | €387,310 | €328,969 | -€58,342 | -15.1% |
| Amounts payable after more than one year | 17 | €249,079 | €225,458 | -€23,621 | -9.5% |
| Financial debts | 170/4 | €249,079 | €225,458 | -€23,621 | -9.5% |
| Amounts payable within one year | 42/48 | €138,232 | €103,511 | -€34,721 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €20,921 | €23,621 | +€2,700 | +12.9% |
| Financial debts | 43 | €7,633 | €7,638 | +€5 | +0.1% |
| Credit institutions | 430/8 | €7,633 | €7,638 | +€5 | +0.1% |
| Trade debts | 44 | €98,735 | €49,919 | -€48,816 | -49.4% |
| Suppliers | 440/4 | €98,735 | €49,919 | -€48,816 | -49.4% |
| Taxes, remuneration and social security | 45 | €942 | €1,889 | +€947 | +100% |
| Taxes | 450/3 | €695 | €1,493 | +€798 | +115% |
| Remuneration and social security | 454/9 | €247 | €395 | +€148 | +60.0% |
| Other amounts payable | 47/48 | €10,000 | €20,444 | +€10,444 | +104% |
| Remuneration, social security and pensions | 62 | €19,640 | €20,863 | +€1,223 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,534 | €27,405 | +€15,872 | +138% |
| Other operating charges | 640/8 | €3,103 | €1,008 | -€2,094 | -67.5% |
| Gross operating margin | 9900 | €81,095 | €124,252 | +€43,158 | +53.2% |
| Operating profit (loss) | 9901 | €46,818 | €74,976 | +€28,157 | +60.1% |
| Financial income | 75/76B | €384 | €49 | -€335 | -87.3% |
| Recurring financial income | 75 | €384 | €49 | -€335 | -87.3% |
| Financial charges | 65/66B | €5,666 | €11,330 | +€5,664 | +100.0% |
| Recurring financial charges | 65 | €5,666 | €11,330 | +€5,664 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €41,536 | €63,694 | +€22,158 | +53.3% |
| Income taxes | 67/77 | €3,692 | €16,233 | +€12,541 | +340% |
| Profit (loss) for the period | 9904 | €37,844 | €47,461 | +€9,618 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,844 | €47,461 | +€9,618 | +25.4% |
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 24 October 2026 via checked.be.