Apotheek Gevaert: 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 Gevaert
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+372%), from €306,017 to €1.4m
of which Land and buildings: +€917,346
- Cash +€107,975
up €107,975 (+142%), from €76,042 to €184,016
- Debts after one year +€600,025
up €600,025 (+429%), from €140,000 to €740,025
- Contributions +€401,450
up €401,450 (+328%), from €122,400 to €523,850
- Other debts +€187,397
up €187,397 (+429%), from €43,662 to €231,060
- Reserves +€30,345
up €30,345 (+20.6%), from €147,138 to €177,483
of which Distributable reserves: +€30,345
- Trade debts +€27,226
up €27,226 (+37.8%), from €72,022 to €99,248
- Gross operating margin +€80,852
up €80,852 (+152%), from €53,241 to €134,094
- Staff costs +€32,977
up €32,977 (+660%), from €4,998 to €37,975
- Depreciation +€29,516
up €29,516 (+73.8%), from €40,020 to €69,536
- Financial income +€10,722
up €10,722 (+832%), from €1,288 to €12,010
- Financial charges -€4,266
down €4,266 (-44.4%), from €9,605 to €5,339
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €525,825 | €1,774,470 | +€1.2m | +237% |
| Fixed assets | 21/28 | €306,017 | €1,443,697 | +€1.1m | +372% |
| Tangible fixed assets | 22/27 | €306,017 | €1,443,697 | +€1.1m | +372% |
| Land and buildings | 22 | €103,577 | €1,020,923 | +€917,346 | +886% |
| Plant, machinery and equipment | 23 | €1,129 | €422,774 | +€421,645 | +37,335% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €201,310 | €0 | -€201,310 | -100% |
| Current assets | 29/58 | €219,808 | €330,773 | +€110,965 | +50.5% |
| Stocks and contracts in progress | 3 | €110,214 | €117,294 | +€7,080 | +6.4% |
| Stocks | 30/36 | €110,214 | €117,294 | +€7,080 | +6.4% |
| Amounts receivable within one year | 40/41 | €31,815 | €28,095 | -€3,721 | -11.7% |
| Trade receivables | 40 | €29,589 | €25,483 | -€4,106 | -13.9% |
| Other amounts receivable | 41 | €2,226 | €2,611 | +€385 | +17.3% |
| Cash at bank and in hand | 54/58 | €76,042 | €184,016 | +€107,975 | +142% |
| Deferred charges and accrued income | 490/1 | €1,737 | €1,369 | -€369 | -21.2% |
| Total equity and liabilities | 10/49 | €525,825 | €1,774,470 | +€1.2m | +237% |
| Equity | 10/15 | €269,538 | €701,333 | +€431,795 | +160% |
| Contributions | 10/11 | €122,400 | €523,850 | +€401,450 | +328% |
| Reserves | 13 | €147,138 | €177,483 | +€30,345 | +20.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €147,138 | €177,483 | +€30,345 | +20.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €256,287 | €1,073,137 | +€816,850 | +319% |
| Amounts payable after more than one year | 17 | €140,000 | €740,025 | +€600,025 | +429% |
| Other amounts payable | 178/9 | €140,000 | €740,025 | +€600,025 | +429% |
| Amounts payable within one year | 42/48 | €116,287 | €333,112 | +€216,825 | +186% |
| Trade debts | 44 | €72,022 | €99,248 | +€27,226 | +37.8% |
| Suppliers | 440/4 | €72,022 | €99,248 | +€27,226 | +37.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €603 | €2,804 | +€2,201 | +365% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €603 | €2,804 | +€2,201 | +365% |
| Other amounts payable | 47/48 | €43,662 | €231,060 | +€187,397 | +429% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,998 | €37,975 | +€32,977 | +660% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,020 | €69,536 | +€29,516 | +73.8% |
| Other operating charges | 640/8 | €3,906 | €2,805 | -€1,101 | -28.2% |
| Gross operating margin | 9900 | €53,241 | €134,094 | +€80,852 | +152% |
| Operating profit (loss) | 9901 | €4,318 | €23,777 | +€19,460 | +451% |
| Financial income | 75/76B | €1,288 | €12,010 | +€10,722 | +832% |
| Recurring financial income | 75 | €1,288 | €12,010 | +€10,722 | +832% |
| Financial charges | 65/66B | €9,605 | €5,339 | -€4,266 | -44.4% |
| Recurring financial charges | 65 | €9,605 | €5,339 | -€4,266 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,000 | €30,448 | +€34,448 | |
| Income taxes | 67/77 | -€116 | €103 | +€219 | |
| Profit (loss) for the period | 9904 | -€3,884 | €30,345 | +€34,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,884 | €30,345 | +€34,229 |
Source: filed annual accounts (NBB), financial years ended 30 September 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.