APOTHEEK DENYS: 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 DENYS
Largest movements
- Stocks and contracts +€32,489
up €32,489 (+7.5%), from €435,055 to €467,544
- Receivables within one year -€25,780
down €25,780 (-26.5%), from €97,144 to €71,364
of which Other amounts receivable: -€18,310
- Cash -€24,185
down €24,185 (-43.5%), from €55,617 to €31,432
mainly Debts after one year (-€37,361) and Stocks and contracts (-€32,489)
- Deferred charges and accrued income -€11,999
down €11,999 (-76.5%), from €15,682 to €3,683
- Debts after one year -€37,361
down €37,361 (-16.5%), from €226,199 to €188,838
- Profit (loss) carried forward +€19,794
up €19,794 (+19.8%), from -€99,762 to -€79,968
- Staff costs -€39,762
down €39,762 (-15.6%), from €255,387 to €215,626
- Financial charges +€33,193
up €33,193 (+260%), from €12,775 to €45,967
- Gross operating margin -€32,229
down €32,229 (-9.5%), from €338,934 to €306,705
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 | €650,192 | €625,086 | -€25,106 | -3.9% |
| Fixed assets | 21/28 | €46,693 | €51,063 | +€4,370 | +9.4% |
| Intangible fixed assets | 21 | €3,477 | €2,529 | -€948 | -27.3% |
| Tangible fixed assets | 22/27 | €41,485 | €44,993 | +€3,508 | +8.5% |
| Land and buildings | 22 | €8,475 | €5,768 | -€2,707 | -31.9% |
| Plant, machinery and equipment | 23 | €16,683 | €21,857 | +€5,174 | +31.0% |
| Furniture and vehicles | 24 | €7,367 | €9,638 | +€2,270 | +30.8% |
| Other tangible fixed assets | 26 | €8,960 | €7,730 | -€1,230 | -13.7% |
| Financial fixed assets | 28 | €1,731 | €3,542 | +€1,810 | +105% |
| Current assets | 29/58 | €603,499 | €574,023 | -€29,476 | -4.9% |
| Stocks and contracts in progress | 3 | €435,055 | €467,544 | +€32,489 | +7.5% |
| Stocks | 30/36 | €435,055 | €467,544 | +€32,489 | +7.5% |
| Amounts receivable within one year | 40/41 | €97,144 | €71,364 | -€25,780 | -26.5% |
| Trade receivables | 40 | €76,458 | €68,988 | -€7,470 | -9.8% |
| Other amounts receivable | 41 | €20,686 | €2,376 | -€18,310 | -88.5% |
| Cash at bank and in hand | 54/58 | €55,617 | €31,432 | -€24,185 | -43.5% |
| Deferred charges and accrued income | 490/1 | €15,682 | €3,683 | -€11,999 | -76.5% |
| Total equity and liabilities | 10/49 | €650,192 | €625,086 | -€25,106 | -3.9% |
| Equity | 10/15 | €117,014 | €136,808 | +€19,794 | +16.9% |
| Contributions | 10/11 | €214,000 | €214,000 | = | 0.0% |
| Reserves | 13 | €2,776 | €2,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,776 | €2,776 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,776 | €2,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,762 | -€79,968 | +€19,794 | +19.8% |
| Amounts payable | 17/49 | €533,178 | €488,278 | -€44,900 | -8.4% |
| Amounts payable after more than one year | 17 | €226,199 | €188,838 | -€37,361 | -16.5% |
| Financial debts | 170/4 | €226,199 | €188,838 | -€37,361 | -16.5% |
| Amounts payable within one year | 42/48 | €306,979 | €299,440 | -€7,539 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €127,313 | €127,361 | +€48 | 0.0% |
| Trade debts | 44 | €140,823 | €138,489 | -€2,334 | -1.7% |
| Suppliers | 440/4 | €140,823 | €138,489 | -€2,334 | -1.7% |
| Taxes, remuneration and social security | 45 | €34,405 | €30,961 | -€3,444 | -10.0% |
| Taxes | 450/3 | €13,313 | €4,426 | -€8,886 | -66.8% |
| Remuneration and social security | 454/9 | €21,093 | €26,535 | +€5,442 | +25.8% |
| Other amounts payable | 47/48 | €4,438 | €2,629 | -€1,809 | -40.8% |
| Remuneration, social security and pensions | 62 | €255,387 | €215,626 | -€39,762 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,848 | €12,111 | +€263 | +2.2% |
| Other operating charges | 640/8 | €2,978 | €1,223 | -€1,755 | -58.9% |
| Gross operating margin | 9900 | €338,934 | €306,705 | -€32,229 | -9.5% |
| Operating profit (loss) | 9901 | €68,721 | €77,745 | +€9,024 | +13.1% |
| Financial income | 75/76B | €1,082 | - | -€1,082 | |
| Recurring financial income | 75 | €1,082 | - | -€1,082 | |
| Financial charges | 65/66B | €12,775 | €45,967 | +€33,193 | +260% |
| Recurring financial charges | 65 | €12,775 | €45,967 | +€33,193 | +260% |
| Profit (loss) for the period before taxes | 9903 | €57,028 | €31,778 | -€25,250 | -44.3% |
| Income taxes | 67/77 | €13,313 | €11,984 | -€1,329 | -10.0% |
| Profit (loss) for the period | 9904 | €43,715 | €19,794 | -€23,921 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,715 | €19,794 | -€23,921 | -54.7% |
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 30 October 2026 via checked.be.