Apotheek De Wachter: what changed
What changed
Apotheek De Wachter
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€50,392
2024 · €50,131+€262
Equity
€485,096
2024 · €484,457+€639
Cash
€199,261
2024 · €178,838+€20,422
Balance sheet total
€694,615
2024 · €691,372+€3,243
Largest movements
Assets
- Tangible fixed assets -€32,352
down €32,352 (-17.2%), from €187,658 to €155,307
- Cash +€20,422
up €20,422 (+11.4%), from €178,838 to €199,261
mainly Net result for the year (+€50,392) and Depreciation (+€26,613)
- Receivables within one year +€10,560
up €10,560 (+17.5%), from €60,217 to €70,776
of which Trade receivables: +€10,136
- Current investments +€7,270
up €7,270 (+5.6%), from €130,514 to €137,784
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€17,377
down €17,377 (-13.9%), from €124,990 to €107,612
- Depreciation -€9,297
down €9,297 (-25.9%), from €35,910 to €26,613
- Financial income +€7,599
up €7,599 (+3,029%), from €251 to €7,850
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
€50,131
Gross operating margin
-€17,377
Depreciation
+€9,297
Other operating charges
+€50
Financial income
+€7,599
Financial charges
+€1,136
Taxes
-€444
Result 2025
€50,392
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
+€70,559
Investment
-€383
Financing
-€49,754
Cash 2024
€178,838
From operations (derived)
+€70,559
Net result for the year
+€50,392
Depreciation
+€26,613
Stocks and contracts
+€1,197
Receivables within one year
-€10,560
Deferred charges and accrued income
+€312
Trade debts
+€1,985
Tax, wage and social debts
+€3,490
Other debts
-€1,184
Accrued charges and deferred income
-€1,687
Investment (derived)
-€383
Investment in fixed assets (net)
+€6,886
Current investments
-€7,270
Financing
-€49,754
Contributions, distributions and other
-€49,754
Cash 2025
€199,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,372 | €694,615 | +€3,243 | +0.5% |
| Fixed assets | 21/28 | €188,806 | €155,307 | -€33,499 | -17.7% |
| Intangible fixed assets | 21 | €1,148 | €0 | -€1,148 | -100% |
| Tangible fixed assets | 22/27 | €187,658 | €155,307 | -€32,352 | -17.2% |
| Land and buildings | 22 | €131,332 | €119,389 | -€11,942 | -9.1% |
| Plant, machinery and equipment | 23 | €16,096 | €9,110 | -€6,985 | -43.4% |
| Furniture and vehicles | 24 | €27,691 | €14,267 | -€13,424 | -48.5% |
| Other tangible fixed assets | 26 | €12,540 | €12,540 | = | 0.0% |
| Current assets | 29/58 | €502,566 | €539,308 | +€36,742 | +7.3% |
| Stocks and contracts in progress | 3 | €128,836 | €127,639 | -€1,197 | -0.9% |
| Stocks | 30/36 | €128,836 | €127,639 | -€1,197 | -0.9% |
| Amounts receivable within one year | 40/41 | €60,217 | €70,776 | +€10,560 | +17.5% |
| Trade receivables | 40 | €59,847 | €69,983 | +€10,136 | +16.9% |
| Other amounts receivable | 41 | €370 | €793 | +€423 | +115% |
| Current investments | 50/53 | €130,514 | €137,784 | +€7,270 | +5.6% |
| Cash at bank and in hand | 54/58 | €178,838 | €199,261 | +€20,422 | +11.4% |
| Deferred charges and accrued income | 490/1 | €4,161 | €3,849 | -€312 | -7.5% |
| Total equity and liabilities | 10/49 | €691,372 | €694,615 | +€3,243 | +0.5% |
| Equity | 10/15 | €484,457 | €485,096 | +€639 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,678 | €252,317 | +€639 | +0.3% |
| Tax-exempt reserves | 132 | €298 | €298 | = | 0.0% |
| Distributable reserves | 133 | €251,380 | €252,019 | +€639 | +0.3% |
| Profit (loss) carried forward | 14 | €214,179 | €214,179 | = | 0.0% |
| Amounts payable | 17/49 | €206,915 | €209,520 | +€2,604 | +1.3% |
| Amounts payable within one year | 42/48 | €194,422 | €198,714 | +€4,292 | +2.2% |
| Trade debts | 44 | €39,219 | €41,205 | +€1,985 | +5.1% |
| Suppliers | 440/4 | €39,219 | €41,205 | +€1,985 | +5.1% |
| Taxes, remuneration and social security | 45 | €1,987 | €5,477 | +€3,490 | +176% |
| Taxes | 450/3 | €1,987 | €5,477 | +€3,490 | +176% |
| Other amounts payable | 47/48 | €153,216 | €152,032 | -€1,184 | -0.8% |
| Accrued charges and deferred income | 492/3 | €12,493 | €10,806 | -€1,687 | -13.5% |
| Non-recurring operating income | 76A | €0 | €2,315 | +€2,315 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,910 | €26,613 | -€9,297 | -25.9% |
| Other operating charges | 640/8 | €3,208 | €3,158 | -€50 | -1.6% |
| Gross operating margin | 9900 | €124,990 | €107,612 | -€17,377 | -13.9% |
| Operating profit (loss) | 9901 | €85,872 | €77,842 | -€8,030 | -9.4% |
| Financial income | 75/76B | €251 | €7,850 | +€7,599 | +3,029% |
| Recurring financial income | 75 | €251 | €7,850 | +€7,599 | +3,029% |
| Financial charges | 65/66B | €14,823 | €13,687 | -€1,136 | -7.7% |
| Recurring financial charges | 65 | €14,823 | €13,687 | -€1,136 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €71,299 | €72,005 | +€706 | +1.0% |
| Income taxes | 67/77 | €21,169 | €21,613 | +€444 | +2.1% |
| Profit (loss) for the period | 9904 | €50,131 | €50,392 | +€262 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,131 | €50,392 | +€262 | +0.5% |
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 3 November 2026 via checked.be.