APOTHEEK GOETHALS: 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 GOETHALS
Largest movements
- Tangible fixed assets -€25,796
down €25,796 (-15.9%), from €162,094 to €136,298
of which Other tangible fixed assets: -€19,087
- Cash +€22,096
up €22,096 (+16.4%), from €135,095 to €157,191
mainly Depreciation (+€32,582) and Net result for the year (+€20,943)
- Stocks and contracts +€13,321
up €13,321 (+13.6%), from €98,084 to €111,405
- Receivables within one year +€7,883
up €7,883 (+14.4%), from €54,746 to €62,629
of which Trade receivables: +€8,413
- Reserves +€20,943
up €20,943 (+36.0%), from €58,106 to €79,049
of which Distributable reserves: +€29,098
- Debts after one year -€14,073
down €14,073 (-10.0%), from €140,726 to €126,653
of which Financial debts: -€74,073
- Trade debts +€5,045
up €5,045 (+10.9%), from €46,176 to €51,221
- Gross operating margin +€14,849
up €14,849 (+17.3%), from €85,669 to €100,518
- Taxes +€1,429
up €1,429 (+177%), from €806 to €2,235
- Staff costs +€1,130
up €1,130 (+3.0%), from €38,104 to €39,234
- Financial income +€1,009
up €1,009 (+16.6%), from €6,088 to €7,097
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 | €458,763 | €472,356 | +€13,593 | +3.0% |
| Fixed assets | 21/28 | €163,289 | €136,893 | -€26,396 | -16.2% |
| Intangible fixed assets | 21 | €1,195 | €595 | -€600 | -50.2% |
| Tangible fixed assets | 22/27 | €162,094 | €136,298 | -€25,796 | -15.9% |
| Plant, machinery and equipment | 23 | €12,000 | €8,287 | -€3,713 | -30.9% |
| Furniture and vehicles | 24 | €20,809 | €17,813 | -€2,996 | -14.4% |
| Other tangible fixed assets | 26 | €129,285 | €110,198 | -€19,087 | -14.8% |
| Current assets | 29/58 | €295,474 | €335,463 | +€39,989 | +13.5% |
| Stocks and contracts in progress | 3 | €98,084 | €111,405 | +€13,321 | +13.6% |
| Stocks | 30/36 | €98,084 | €111,405 | +€13,321 | +13.6% |
| Amounts receivable within one year | 40/41 | €54,746 | €62,629 | +€7,883 | +14.4% |
| Trade receivables | 40 | €54,216 | €62,629 | +€8,413 | +15.5% |
| Other amounts receivable | 41 | €530 | - | -€530 | |
| Cash at bank and in hand | 54/58 | €135,095 | €157,191 | +€22,096 | +16.4% |
| Deferred charges and accrued income | 490/1 | €7,549 | €4,238 | -€3,311 | -43.9% |
| Total equity and liabilities | 10/49 | €458,763 | €472,356 | +€13,593 | +3.0% |
| Equity | 10/15 | €180,606 | €201,549 | +€20,943 | +11.6% |
| Contributions | 10/11 | €122,500 | €122,500 | = | 0.0% |
| Reserves | 13 | €58,106 | €79,049 | +€20,943 | +36.0% |
| Non-distributable reserves | 130/1 | €8,155 | - | -€8,155 | |
| Reserves not available under the articles | 1311 | €8,155 | - | -€8,155 | |
| Distributable reserves | 133 | €49,951 | €79,049 | +€29,098 | +58.3% |
| Amounts payable | 17/49 | €278,157 | €270,807 | -€7,350 | -2.6% |
| Amounts payable after more than one year | 17 | €140,726 | €126,653 | -€14,073 | -10.0% |
| Financial debts | 170/4 | €133,726 | €59,653 | -€74,073 | -55.4% |
| Other amounts payable | 178/9 | €7,000 | €67,000 | +€60,000 | +857% |
| Amounts payable within one year | 42/48 | €132,839 | €140,240 | +€7,401 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €13,869 | €14,073 | +€204 | +1.5% |
| Financial debts | 43 | €274 | €62 | -€212 | -77.4% |
| Credit institutions | 430/8 | €274 | €62 | -€212 | -77.4% |
| Trade debts | 44 | €46,176 | €51,221 | +€5,045 | +10.9% |
| Suppliers | 440/4 | €46,176 | €51,221 | +€5,045 | +10.9% |
| Taxes, remuneration and social security | 45 | €15,447 | €18,139 | +€2,692 | +17.4% |
| Taxes | 450/3 | €8,450 | €10,947 | +€2,497 | +29.6% |
| Remuneration and social security | 454/9 | €6,997 | €7,192 | +€195 | +2.8% |
| Other amounts payable | 47/48 | €57,073 | €56,745 | -€328 | -0.6% |
| Accrued charges and deferred income | 492/3 | €4,592 | €3,914 | -€678 | -14.8% |
| Remuneration, social security and pensions | 62 | €38,104 | €39,234 | +€1,130 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,292 | €32,582 | -€710 | -2.1% |
| Other operating charges | 640/8 | €1,139 | €1,446 | +€307 | +27.0% |
| Gross operating margin | 9900 | €85,669 | €100,518 | +€14,849 | +17.3% |
| Operating profit (loss) | 9901 | €13,134 | €27,256 | +€14,122 | +108% |
| Financial income | 75/76B | €6,088 | €7,097 | +€1,009 | +16.6% |
| Recurring financial income | 75 | €6,088 | €7,097 | +€1,009 | +16.6% |
| Financial charges | 65/66B | €11,747 | €11,175 | -€572 | -4.9% |
| Recurring financial charges | 65 | €11,747 | €11,175 | -€572 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €7,475 | €23,178 | +€15,703 | +210% |
| Income taxes | 67/77 | €806 | €2,235 | +€1,429 | +177% |
| Profit (loss) for the period | 9904 | €6,669 | €20,943 | +€14,274 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €6,669 | €20,943 | +€14,274 | +214% |
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 21 October 2026 via checked.be.