APOTHEEK FORUM: 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 FORUM
Largest movements
- Receivables within one year +€18,011
up €18,011 (+5.1%), from €350,271 to €368,282
of which Other amounts receivable: +€35,135
- Trade debts -€43,854
down €43,854 (-66.2%), from €66,229 to €22,375
- Other debts +€34,968
up €34,968 (+13.1%), from €267,577 to €302,545
- Tax, wage and social debts +€27,395
up €27,395 (+411%), from €6,661 to €34,056
of which Taxes: +€27,261
- Gross operating margin -€22,962
down €22,962 (-57.4%), from €39,986 to €17,024
- Financial charges +€2,427
up €2,427 (+55.1%), from €4,403 to €6,830
- Taxes -€851
down €851 (-100%), from €851 to €0
- Staff costs -€455
down €455 (-3.3%), from €13,774 to €13,319
- Other operating charges -€451
down €451 (-76.8%), from €587 to €137
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 | €450,206 | €465,640 | +€15,434 | +3.4% |
| Fixed assets | 21/28 | €4,620 | €3,680 | -€940 | -20.3% |
| Tangible fixed assets | 22/27 | €4,370 | €3,430 | -€940 | -21.5% |
| Land and buildings | 22 | €2,612 | €2,512 | -€100 | -3.8% |
| Plant, machinery and equipment | 23 | €1,008 | €168 | -€840 | -83.3% |
| Furniture and vehicles | 24 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €445,586 | €461,960 | +€16,374 | +3.7% |
| Stocks and contracts in progress | 3 | €93,584 | €92,533 | -€1,050 | -1.1% |
| Stocks | 30/36 | €93,584 | €92,533 | -€1,050 | -1.1% |
| Amounts receivable within one year | 40/41 | €350,271 | €368,282 | +€18,011 | +5.1% |
| Trade receivables | 40 | €25,784 | €8,660 | -€17,124 | -66.4% |
| Other amounts receivable | 41 | €324,487 | €359,622 | +€35,135 | +10.8% |
| Cash at bank and in hand | 54/58 | €1,246 | €447 | -€799 | -64.2% |
| Deferred charges and accrued income | 490/1 | €485 | €698 | +€213 | +43.8% |
| Total equity and liabilities | 10/49 | €450,206 | €465,640 | +€15,434 | +3.4% |
| Equity | 10/15 | €27,261 | €23,550 | -€3,710 | -13.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,861 | €11,150 | -€3,710 | -25.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,001 | €9,290 | -€3,710 | -28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €422,945 | €442,089 | +€19,144 | +4.5% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €347,709 | €367,089 | +€19,380 | +5.6% |
| Financial debts | 43 | €7,243 | €8,114 | +€871 | +12.0% |
| Credit institutions | 430/8 | €0 | €7,621 | +€7,621 | |
| Other loans | 439 | €7,243 | €492 | -€6,751 | -93.2% |
| Trade debts | 44 | €66,229 | €22,375 | -€43,854 | -66.2% |
| Suppliers | 440/4 | €66,229 | €22,375 | -€43,854 | -66.2% |
| Taxes, remuneration and social security | 45 | €6,661 | €34,056 | +€27,395 | +411% |
| Taxes | 450/3 | €4,122 | €31,384 | +€27,261 | +661% |
| Remuneration and social security | 454/9 | €2,538 | €2,672 | +€134 | +5.3% |
| Other amounts payable | 47/48 | €267,577 | €302,545 | +€34,968 | +13.1% |
| Accrued charges and deferred income | 492/3 | €236 | €0 | -€236 | -100% |
| Remuneration, social security and pensions | 62 | €13,774 | €13,319 | -€455 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €940 | -€36 | -3.7% |
| Other operating charges | 640/8 | €587 | €137 | -€451 | -76.8% |
| Gross operating margin | 9900 | €39,986 | €17,024 | -€22,962 | -57.4% |
| Operating profit (loss) | 9901 | €24,648 | €2,628 | -€22,020 | -89.3% |
| Financial income | 75/76B | €685 | €492 | -€193 | -28.2% |
| Recurring financial income | 75 | €685 | €492 | -€193 | -28.2% |
| Financial charges | 65/66B | €4,403 | €6,830 | +€2,427 | +55.1% |
| Recurring financial charges | 65 | €4,403 | €6,830 | +€2,427 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €20,930 | -€3,710 | -€24,641 | |
| Income taxes | 67/77 | €851 | €0 | -€851 | -100% |
| Profit (loss) for the period | 9904 | €20,080 | -€3,710 | -€23,790 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,080 | -€3,710 | -€23,790 |
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 22 October 2026 via checked.be.