APOTHEEK DECLOEDT: 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 DECLOEDT
Largest movements
- Cash +€27,991
up €27,991 (+12.6%), from €222,249 to €250,239
mainly Net result for the year (+€41,934) and Stocks and contracts (+€16,437)
- Tangible fixed assets +€21,072
up €21,072 (+37.4%), from €56,344 to €77,416
of which Land and buildings: +€22,836
- Stocks and contracts -€16,437
down €16,437 (-10.2%), from €161,283 to €144,846
- Reserves +€25,934
up €25,934 (+12.8%), from €202,529 to €228,464
of which Distributable reserves: +€25,934
- Trade debts +€9,332
up €9,332 (+36.1%), from €25,870 to €35,202
- Gross operating margin -€9,346
down €9,346 (-10.5%), from €89,103 to €79,757
- Taxes -€4,117
down €4,117 (-18.4%), from €22,433 to €18,315
- Staff costs +€1,914
new in 2025: €1,914
- Depreciation +€1,326
up €1,326 (+9.5%), from €13,909 to €15,235
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 | €474,087 | €512,604 | +€38,517 | +8.1% |
| Fixed assets | 21/28 | €56,344 | €77,416 | +€21,072 | +37.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €56,344 | €77,416 | +€21,072 | +37.4% |
| Land and buildings | 22 | €49,898 | €72,734 | +€22,836 | +45.8% |
| Furniture and vehicles | 24 | €6,446 | €4,682 | -€1,764 | -27.4% |
| Current assets | 29/58 | €417,743 | €435,188 | +€17,445 | +4.2% |
| Stocks and contracts in progress | 3 | €161,283 | €144,846 | -€16,437 | -10.2% |
| Stocks | 30/36 | €161,283 | €144,846 | -€16,437 | -10.2% |
| Amounts receivable within one year | 40/41 | €11,039 | €14,689 | +€3,650 | +33.1% |
| Trade receivables | 40 | €11,039 | €13,009 | +€1,970 | +17.8% |
| Other amounts receivable | 41 | €0 | €1,680 | +€1,680 | |
| Cash at bank and in hand | 54/58 | €222,249 | €250,239 | +€27,991 | +12.6% |
| Deferred charges and accrued income | 490/1 | €23,173 | €25,414 | +€2,240 | +9.7% |
| Total equity and liabilities | 10/49 | €474,087 | €512,604 | +€38,517 | +8.1% |
| Equity | 10/15 | €406,869 | €432,804 | +€25,934 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €202,529 | €228,464 | +€25,934 | +12.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €202,529 | €228,464 | +€25,934 | +12.8% |
| Profit (loss) carried forward | 14 | €191,940 | €191,940 | = | 0.0% |
| Amounts payable | 17/49 | €67,218 | €79,800 | +€12,582 | +18.7% |
| Amounts payable within one year | 42/48 | €64,768 | €77,334 | +€12,566 | +19.4% |
| Trade debts | 44 | €25,870 | €35,202 | +€9,332 | +36.1% |
| Suppliers | 440/4 | €25,870 | €35,202 | +€9,332 | +36.1% |
| Taxes, remuneration and social security | 45 | €24,785 | €24,499 | -€287 | -1.2% |
| Taxes | 450/3 | €21,365 | €16,399 | -€4,967 | -23.2% |
| Remuneration and social security | 454/9 | €3,420 | €8,100 | +€4,680 | +137% |
| Other amounts payable | 47/48 | €14,112 | €17,632 | +€3,520 | +24.9% |
| Accrued charges and deferred income | 492/3 | €2,450 | €2,467 | +€17 | +0.7% |
| Remuneration, social security and pensions | 62 | - | €1,914 | +€1,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,909 | €15,235 | +€1,326 | +9.5% |
| Other operating charges | 640/8 | €3,133 | €3,231 | +€98 | +3.1% |
| Gross operating margin | 9900 | €89,103 | €79,757 | -€9,346 | -10.5% |
| Operating profit (loss) | 9901 | €72,061 | €59,378 | -€12,684 | -17.6% |
| Financial income | 75/76B | €633 | €1,323 | +€691 | +109% |
| Recurring financial income | 75 | €633 | €1,323 | +€691 | +109% |
| Financial charges | 65/66B | €169 | €451 | +€282 | +167% |
| Recurring financial charges | 65 | €169 | €451 | +€282 | +167% |
| Profit (loss) for the period before taxes | 9903 | €72,525 | €60,250 | -€12,275 | -16.9% |
| Income taxes | 67/77 | €22,433 | €18,315 | -€4,117 | -18.4% |
| Profit (loss) for the period | 9904 | €50,092 | €41,934 | -€8,158 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,092 | €41,934 | -€8,158 | -16.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.