APOTHEEK ELZEDORP: 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 ELZEDORP
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,435
2024 · €50,769-€13,334
Equity
€129,380
2024 · €129,380
Cash
€70,672
2024 · €72,423-€1,750
Balance sheet total
€788,400
2024 · €759,988+€28,412
Largest movements
Assets
- Stocks and contracts +€29,242
up €29,242 (+23.5%), from €124,345 to €153,587
- Receivables within one year +€16,404
up €16,404 (+23.1%), from €71,001 to €87,404
of which Trade receivables: +€18,579
- Tangible fixed assets -€14,543
down €14,543 (-3.0%), from €479,218 to €464,675
of which Land and buildings: -€12,829
Equity and liabilities
- Trade debts +€60,442
up €60,442 (+60.6%), from €99,786 to €160,227
- Debts after one year -€19,396
down €19,396 (-5.0%), from €388,436 to €369,040
Income statement
- Gross operating margin -€22,584
down €22,584 (-12.6%), from €179,765 to €157,181
- Staff costs -€12,267
down €12,267 (-13.6%), from €90,219 to €77,952
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
€50,769
Gross operating margin
-€22,584
Staff costs
+€12,267
Depreciation
-€1,709
Other operating charges
+€8
Financial income
-€671
Financial charges
-€161
Taxes
-€484
Result 2025
€37,435
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
+€66,238
Investment
-€5,925
Financing
-€62,064
Cash 2024
€72,423
From operations (derived)
+€66,238
Net result for the year
+€37,435
Depreciation
+€20,468
Stocks and contracts
-€29,242
Receivables within one year
-€16,404
Deferred charges and accrued income
+€941
Trade debts
+€60,442
Tax, wage and social debts
-€1,432
Other debts
-€6,475
Accrued charges and deferred income
+€506
Investment (derived)
-€5,925
Investment in fixed assets (net)
-€5,925
Financing
-€62,064
Debts after one year
-€19,396
Current portion of long-term debt
-€5,233
Contributions, distributions and other
-€37,435
Cash 2025
€70,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €759,988 | €788,400 | +€28,412 | +3.7% |
| Fixed assets | 21/28 | €479,218 | €464,675 | -€14,543 | -3.0% |
| Tangible fixed assets | 22/27 | €479,218 | €464,675 | -€14,543 | -3.0% |
| Land and buildings | 22 | €465,308 | €452,479 | -€12,829 | -2.8% |
| Plant, machinery and equipment | 23 | €759 | €57 | -€702 | -92.5% |
| Furniture and vehicles | 24 | €13,151 | €12,139 | -€1,012 | -7.7% |
| Current assets | 29/58 | €280,770 | €323,725 | +€42,955 | +15.3% |
| Stocks and contracts in progress | 3 | €124,345 | €153,587 | +€29,242 | +23.5% |
| Stocks | 30/36 | €124,345 | €153,587 | +€29,242 | +23.5% |
| Amounts receivable within one year | 40/41 | €71,001 | €87,404 | +€16,404 | +23.1% |
| Trade receivables | 40 | €64,017 | €82,596 | +€18,579 | +29.0% |
| Other amounts receivable | 41 | €6,983 | €4,808 | -€2,175 | -31.1% |
| Cash at bank and in hand | 54/58 | €72,423 | €70,672 | -€1,750 | -2.4% |
| Deferred charges and accrued income | 490/1 | €13,002 | €12,061 | -€941 | -7.2% |
| Total equity and liabilities | 10/49 | €759,988 | €788,400 | +€28,412 | +3.7% |
| Equity | 10/15 | €129,380 | €129,380 | = | 0.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €67,406 | €67,406 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €61,209 | €61,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €630,608 | €659,020 | +€28,412 | +4.5% |
| Amounts payable after more than one year | 17 | €388,436 | €369,040 | -€19,396 | -5.0% |
| Financial debts | 170/4 | €388,436 | €369,040 | -€19,396 | -5.0% |
| Amounts payable within one year | 42/48 | €242,172 | €289,474 | +€47,302 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €24,629 | €19,396 | -€5,233 | -21.2% |
| Trade debts | 44 | €99,786 | €160,227 | +€60,442 | +60.6% |
| Suppliers | 440/4 | €99,786 | €160,227 | +€60,442 | +60.6% |
| Taxes, remuneration and social security | 45 | €11,609 | €10,176 | -€1,432 | -12.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €11,609 | €10,176 | -€1,432 | -12.3% |
| Other amounts payable | 47/48 | €106,150 | €99,675 | -€6,475 | -6.1% |
| Accrued charges and deferred income | 492/3 | €0 | €506 | +€506 | |
| Remuneration, social security and pensions | 62 | €90,219 | €77,952 | -€12,267 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,759 | €20,468 | +€1,709 | +9.1% |
| Other operating charges | 640/8 | €2,748 | €2,741 | -€8 | -0.3% |
| Gross operating margin | 9900 | €179,765 | €157,181 | -€22,584 | -12.6% |
| Operating profit (loss) | 9901 | €68,038 | €56,020 | -€12,018 | -17.7% |
| Financial income | 75/76B | €672 | €1 | -€671 | -99.9% |
| Recurring financial income | 75 | €672 | €1 | -€671 | -99.9% |
| Financial charges | 65/66B | €11,732 | €11,893 | +€161 | +1.4% |
| Recurring financial charges | 65 | €11,732 | €11,893 | +€161 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €56,978 | €44,127 | -€12,851 | -22.6% |
| Income taxes | 67/77 | €6,209 | €6,692 | +€484 | +7.8% |
| Profit (loss) for the period | 9904 | €50,769 | €37,435 | -€13,334 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,769 | €37,435 | -€13,334 | -26.3% |
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 28 October 2026 via checked.be.