APOTHEEK DEFEVER: 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 DEFEVER
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€119,181
2024 · €123,917-€4,736
Equity
€1.4m
2024 · €1.2m+€119,181
Cash
€943,391
2024 · €933,004+€10,387
Balance sheet total
€2.1m
2024 · €2.0m+€115,184
Largest movements
Assets
- Current investments +€129,998
new in 2025: €129,998
- Tangible fixed assets -€37,255
down €37,255 (-4.7%), from €799,582 to €762,327
of which Land and buildings: -€27,486
Equity and liabilities
- Reserves +€119,181
up €119,181 (+15.9%), from €749,307 to €868,488
of which Distributable reserves: +€168,581
- Other debts +€28,692
up €28,692 (+81.2%), from €35,315 to €64,007
- Debts after one year -€20,887
down €20,887 (-3.8%), from €554,851 to €533,965
Income statement
- Staff costs +€29,268
up €29,268 (+21.8%), from €134,112 to €163,381
- Gross operating margin +€16,767
up €16,767 (+4.2%), from €400,006 to €416,773
- Financial charges -€4,412
down €4,412 (-11.6%), from €38,092 to €33,680
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
€123,917
Gross operating margin
+€16,767
Staff costs
-€29,268
Depreciation
+€1,251
Other operating charges
-€249
Financial income
+€141
Financial charges
+€4,412
Taxes
+€2,211
Result 2025
€119,181
raises the resultlowers the result
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
+€169,168
Investment
-€138,281
Financing
-€20,501
Cash 2024
€933,004
From operations (derived)
+€169,168
Net result for the year
+€119,181
Depreciation
+€45,537
Stocks and contracts
+€5,032
Receivables within one year
-€4,510
Deferred charges and accrued income
-€12,576
Trade debts
-€11,183
Tax, wage and social debts
-€1,168
Other debts
+€28,692
Accrued charges and deferred income
+€164
Investment (derived)
-€138,281
Investment in fixed assets (net)
-€8,282
Current investments
-€129,998
Financing
-€20,501
Debts after one year
-€20,887
Current portion of long-term debt
+€386
Cash 2025
€943,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,963,785 | €2,078,969 | +€115,184 | +5.9% |
| Fixed assets | 21/28 | €799,792 | €762,537 | -€37,255 | -4.7% |
| Tangible fixed assets | 22/27 | €799,582 | €762,327 | -€37,255 | -4.7% |
| Land and buildings | 22 | €776,665 | €749,179 | -€27,486 | -3.5% |
| Plant, machinery and equipment | 23 | €2,496 | €1,337 | -€1,159 | -46.4% |
| Furniture and vehicles | 24 | €20,421 | €11,811 | -€8,610 | -42.2% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €1,163,993 | €1,316,432 | +€152,440 | +13.1% |
| Stocks and contracts in progress | 3 | €126,515 | €121,483 | -€5,032 | -4.0% |
| Stocks | 30/36 | €126,515 | €121,483 | -€5,032 | -4.0% |
| Amounts receivable within one year | 40/41 | €5,944 | €10,454 | +€4,510 | +75.9% |
| Trade receivables | 40 | €5,944 | €10,372 | +€4,428 | +74.5% |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Current investments | 50/53 | - | €129,998 | +€129,998 | |
| Cash at bank and in hand | 54/58 | €933,004 | €943,391 | +€10,387 | +1.1% |
| Deferred charges and accrued income | 490/1 | €98,529 | €111,106 | +€12,576 | +12.8% |
| Total equity and liabilities | 10/49 | €1,963,785 | €2,078,969 | +€115,184 | +5.9% |
| Equity | 10/15 | €1,243,307 | €1,362,488 | +€119,181 | +9.6% |
| Contributions | 10/11 | €494,000 | €494,000 | = | 0.0% |
| Reserves | 13 | €749,307 | €868,488 | +€119,181 | +15.9% |
| Non-distributable reserves | 130/1 | €49,400 | - | -€49,400 | |
| Reserves not available under the articles | 1311 | €49,400 | - | -€49,400 | |
| Distributable reserves | 133 | €699,907 | €868,488 | +€168,581 | +24.1% |
| Amounts payable | 17/49 | €720,478 | €716,481 | -€3,997 | -0.6% |
| Amounts payable after more than one year | 17 | €554,851 | €533,965 | -€20,887 | -3.8% |
| Financial debts | 170/4 | €554,851 | €533,965 | -€20,887 | -3.8% |
| Amounts payable within one year | 42/48 | €165,626 | €182,353 | +€16,727 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €20,501 | €20,887 | +€386 | +1.9% |
| Trade debts | 44 | €74,970 | €63,786 | -€11,183 | -14.9% |
| Suppliers | 440/4 | €74,970 | €63,786 | -€11,183 | -14.9% |
| Taxes, remuneration and social security | 45 | €34,841 | €33,673 | -€1,168 | -3.4% |
| Taxes | 450/3 | €19,033 | €14,889 | -€4,144 | -21.8% |
| Remuneration and social security | 454/9 | €15,808 | €18,784 | +€2,976 | +18.8% |
| Other amounts payable | 47/48 | €35,315 | €64,007 | +€28,692 | +81.2% |
| Accrued charges and deferred income | 492/3 | - | €164 | +€164 | |
| Remuneration, social security and pensions | 62 | €134,112 | €163,381 | +€29,268 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,788 | €45,537 | -€1,251 | -2.7% |
| Other operating charges | 640/8 | €7,286 | €7,535 | +€249 | +3.4% |
| Gross operating margin | 9900 | €400,006 | €416,773 | +€16,767 | +4.2% |
| Operating profit (loss) | 9901 | €211,820 | €200,320 | -€11,500 | -5.4% |
| Financial income | 75/76B | €2,732 | €2,874 | +€141 | +5.2% |
| Recurring financial income | 75 | €2,732 | €2,874 | +€141 | +5.2% |
| Financial charges | 65/66B | €38,092 | €33,680 | -€4,412 | -11.6% |
| Recurring financial charges | 65 | €38,092 | €33,680 | -€4,412 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €176,460 | €169,513 | -€6,947 | -3.9% |
| Income taxes | 67/77 | €52,543 | €50,332 | -€2,211 | -4.2% |
| Profit (loss) for the period | 9904 | €123,917 | €119,181 | -€4,736 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,917 | €119,181 | -€4,736 | -3.8% |
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 17 October 2026 via checked.be.