APOTHEEK DECLERCQ & DECLERCQ: 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.
What changed
APOTHEEK DECLERCQ & DECLERCQ
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,027
2024 · €106,618-€74,591
Equity
€435,546
2024 · €427,519+€8,027
Cash
€31,156
2024 · €108,687-€77,531
Balance sheet total
€856,777
2024 · €910,281-€53,505
Largest movements
Assets
- Cash -€77,531
down €77,531 (-71.3%), from €108,687 to €31,156
mainly Provisions (-€48,526) and Receivables within one year (-€36,120)
- Receivables within one year +€36,120
up €36,120 (+28.7%), from €126,059 to €162,180
of which Trade receivables: +€33,282
- Current investments +€30,484
up €30,484 (+36.4%), from €83,769 to €114,253
- Tangible fixed assets -€23,962
down €23,962 (-10.7%), from €224,695 to €200,734
of which Land and buildings: -€25,593
- Intangible fixed assets -€17,875
down €17,875 (-12.5%), from €143,000 to €125,125
Equity and liabilities
- Provisions -€48,526
no longer reported in 2025 (was €48,526)
- Debts after one year -€30,321
down €30,321 (-9.3%), from €324,676 to €294,355
- Trade debts +€13,616
up €13,616 (+39.2%), from €34,715 to €48,331
Income statement
- Gross operating margin -€206,559
down €206,559 (-57.7%), from €358,244 to €151,686
- Taxes +€55,322
up €55,322 (+285%), from €19,410 to €74,732
- Staff costs +€9,393
new in 2025: €9,393
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.
Result 2024
€106,618
Gross operating margin
-€206,559
Staff costs
-€9,393
Depreciation
+€1,591
Other operating charges
-€763
Financial income
+€484
Financial charges
+€1,266
Taxes
-€55,322
Deferred taxes and other
+€194,104
Result 2025
€32,027
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€18,102
Investment
-€40,732
Financing
-€54,901
Cash 2024
€108,687
From operations (derived)
+€18,102
Net result for the year
+€32,027
Depreciation
+€52,085
Stocks and contracts
+€2,280
Receivables within one year
-€36,120
Deferred charges and accrued income
-€1,538
Provisions
-€48,526
Trade debts
+€13,616
Tax, wage and social debts
+€4,732
Other debts
-€453
Investment (derived)
-€40,732
Investment in fixed assets (net)
-€10,248
Current investments
-€30,484
Financing
-€54,901
Debts after one year
-€30,321
Current portion of long-term debt
-€580
Contributions, distributions and other
-€24,000
Cash 2025
€31,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €910,281 | €856,777 | -€53,505 | -5.9% |
| Fixed assets | 21/28 | €367,695 | €325,859 | -€41,837 | -11.4% |
| Intangible fixed assets | 21 | €143,000 | €125,125 | -€17,875 | -12.5% |
| Tangible fixed assets | 22/27 | €224,695 | €200,734 | -€23,962 | -10.7% |
| Land and buildings | 22 | €222,897 | €197,304 | -€25,593 | -11.5% |
| Plant, machinery and equipment | 23 | €1,129 | - | -€1,129 | |
| Furniture and vehicles | 24 | €669 | €3,430 | +€2,761 | +413% |
| Current assets | 29/58 | €542,586 | €530,918 | -€11,668 | -2.2% |
| Stocks and contracts in progress | 3 | €222,810 | €220,530 | -€2,280 | -1.0% |
| Stocks | 30/36 | €222,810 | €220,530 | -€2,280 | -1.0% |
| Amounts receivable within one year | 40/41 | €126,059 | €162,180 | +€36,120 | +28.7% |
| Trade receivables | 40 | €117,725 | €151,007 | +€33,282 | +28.3% |
| Other amounts receivable | 41 | €8,334 | €11,173 | +€2,839 | +34.1% |
| Current investments | 50/53 | €83,769 | €114,253 | +€30,484 | +36.4% |
| Cash at bank and in hand | 54/58 | €108,687 | €31,156 | -€77,531 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,260 | €2,799 | +€1,538 | +122% |
| Total equity and liabilities | 10/49 | €910,281 | €856,777 | -€53,505 | -5.9% |
| Equity | 10/15 | €427,519 | €435,546 | +€8,027 | +1.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Contributions outside capital | 11 | €14,260 | €14,260 | = | 0.0% |
| Other | 1109/19 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €195,578 | €200,000 | +€4,422 | +2.3% |
| Tax-exempt reserves | 132 | €159,578 | €14,000 | -€145,578 | -91.2% |
| Distributable reserves | 133 | €36,000 | €186,000 | +€150,000 | +417% |
| Profit (loss) carried forward | 14 | €217,681 | €221,286 | +€3,605 | +1.7% |
| Provisions and deferred taxes | 16 | €48,526 | - | -€48,526 | |
| Deferred taxes | 168 | €48,526 | - | -€48,526 | |
| Amounts payable | 17/49 | €434,237 | €421,231 | -€13,006 | -3.0% |
| Amounts payable after more than one year | 17 | €324,676 | €294,355 | -€30,321 | -9.3% |
| Financial debts | 170/4 | €324,676 | €294,355 | -€30,321 | -9.3% |
| Amounts payable within one year | 42/48 | €100,461 | €117,776 | +€17,315 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €32,419 | €31,839 | -€580 | -1.8% |
| Trade debts | 44 | €34,715 | €48,331 | +€13,616 | +39.2% |
| Suppliers | 440/4 | €34,715 | €48,331 | +€13,616 | +39.2% |
| Taxes, remuneration and social security | 45 | €15,330 | €20,062 | +€4,732 | +30.9% |
| Taxes | 450/3 | €15,330 | €20,062 | +€4,732 | +30.9% |
| Other amounts payable | 47/48 | €17,996 | €17,544 | -€453 | -2.5% |
| Accrued charges and deferred income | 492/3 | €9,100 | €9,100 | = | 0.0% |
| Non-recurring operating income | 76A | €205,515 | - | -€205,515 | |
| Remuneration, social security and pensions | 62 | - | €9,393 | +€9,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,676 | €52,085 | -€1,591 | -3.0% |
| Other operating charges | 640/8 | €7,530 | €8,293 | +€763 | +10.1% |
| Gross operating margin | 9900 | €358,244 | €151,686 | -€206,559 | -57.7% |
| Operating profit (loss) | 9901 | €297,038 | €81,915 | -€215,123 | -72.4% |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €25,433 | €24,166 | -€1,266 | -5.0% |
| Recurring financial charges | 65 | €25,433 | €24,166 | -€1,266 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €271,606 | €58,233 | -€213,373 | -78.6% |
| Transfer from deferred taxes | 780 | €8,558 | €48,526 | +€39,968 | +467% |
| Transfer to deferred taxes | 680 | €154,136 | - | -€154,136 | |
| Income taxes | 67/77 | €19,410 | €74,732 | +€55,322 | +285% |
| Profit (loss) for the period | 9904 | €106,618 | €32,027 | -€74,591 | -70.0% |
| Transfer from tax-exempt reserves | 789 | €2,853 | €145,578 | +€142,725 | +5,003% |
| Transfer to tax-exempt reserves | 689 | €51,379 | - | -€51,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,092 | €177,605 | +€119,513 | +206% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.