APOTHEEK GOVERS: what changed
What changed
APOTHEEK GOVERS
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€255,191
2024 · €207,090+€48,101
Equity
€829,472
2024 · €574,281+€255,191
Cash
€410,598
2024 · €329,785+€80,813
Balance sheet total
€882,189
2024 · €764,992+€117,197
Largest movements
Assets
- Cash +€80,813
up €80,813 (+24.5%), from €329,785 to €410,598
mainly Net result for the year (+€255,191) and Receivables after one year (+€9,419)
- Stocks and contracts +€26,962
up €26,962 (+29.5%), from €91,522 to €118,484
- Receivables within one year +€14,852
up €14,852 (+6.4%), from €233,124 to €247,976
of which Trade receivables: +€10,210
- Receivables after one year -€9,419
down €9,419 (-9.9%), from €94,796 to €85,377
Equity and liabilities
- Reserves +€255,190
up €255,190 (+46.0%), from €554,955 to €810,145
- Other debts -€72,251
no longer reported in 2025 (was €72,251)
- Tax, wage and social debts -€48,526
down €48,526 (-95.4%), from €50,873 to €2,347
of which Taxes: -€48,490
- Trade debts -€16,953
down €16,953 (-25.2%), from €67,323 to €50,370
Income statement
- Gross operating margin +€33,930
up €33,930 (+11.4%), from €296,668 to €330,598
- Taxes -€13,251
down €13,251 (-14.4%), from €91,893 to €78,643
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€207,090
Gross operating margin
+€33,930
Staff costs
+€713
Depreciation
-€1,381
Other operating charges
-€12
Financial income
+€1,061
Financial charges
+€539
Taxes
+€13,251
Result 2025
€255,191
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€89,172
Investment
-€8,359
Financing
€0
Cash 2024
€329,785
From operations (derived)
+€89,172
Net result for the year
+€255,191
Depreciation
+€2,244
Receivables after one year
+€9,419
Stocks and contracts
-€26,962
Receivables within one year
-€14,852
Deferred charges and accrued income
+€2,126
Trade debts
-€16,953
Tax, wage and social debts
-€48,526
Other debts
-€72,251
Accrued charges and deferred income
-€264
Investment (derived)
-€8,359
Investment in fixed assets (net)
-€8,359
Cash 2025
€410,598
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,992 | €882,189 | +€117,197 | +15.3% |
| Fixed assets | 21/28 | €4,799 | €10,914 | +€6,115 | +127% |
| Tangible fixed assets | 22/27 | €4,799 | €10,914 | +€6,115 | +127% |
| Plant, machinery and equipment | 23 | - | €1,467 | +€1,467 | |
| Furniture and vehicles | 24 | - | €5,908 | +€5,908 | |
| Other tangible fixed assets | 26 | €4,799 | €3,538 | -€1,261 | -26.3% |
| Current assets | 29/58 | €760,193 | €871,276 | +€111,082 | +14.6% |
| Amounts receivable after more than one year | 29 | €94,796 | €85,377 | -€9,419 | -9.9% |
| Other amounts receivable | 291 | €94,796 | €85,377 | -€9,419 | -9.9% |
| Stocks and contracts in progress | 3 | €91,522 | €118,484 | +€26,962 | +29.5% |
| Stocks | 30/36 | €91,522 | €118,484 | +€26,962 | +29.5% |
| Amounts receivable within one year | 40/41 | €233,124 | €247,976 | +€14,852 | +6.4% |
| Trade receivables | 40 | €222,464 | €232,674 | +€10,210 | +4.6% |
| Other amounts receivable | 41 | €10,660 | €15,302 | +€4,642 | +43.6% |
| Cash at bank and in hand | 54/58 | €329,785 | €410,598 | +€80,813 | +24.5% |
| Deferred charges and accrued income | 490/1 | €10,967 | €8,841 | -€2,126 | -19.4% |
| Total equity and liabilities | 10/49 | €764,992 | €882,189 | +€117,197 | +15.3% |
| Equity | 10/15 | €574,281 | €829,472 | +€255,191 | +44.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €554,955 | €810,145 | +€255,190 | +46.0% |
| Distributable reserves | 133 | €554,955 | €810,145 | +€255,190 | +46.0% |
| Profit (loss) carried forward | 14 | €776 | €777 | +€1 | +0.2% |
| Amounts payable | 17/49 | €190,711 | €52,717 | -€137,994 | -72.4% |
| Amounts payable within one year | 42/48 | €190,447 | €52,717 | -€137,730 | -72.3% |
| Trade debts | 44 | €67,323 | €50,370 | -€16,953 | -25.2% |
| Suppliers | 440/4 | €67,323 | €50,370 | -€16,953 | -25.2% |
| Taxes, remuneration and social security | 45 | €50,873 | €2,347 | -€48,526 | -95.4% |
| Taxes | 450/3 | €50,566 | €2,076 | -€48,490 | -95.9% |
| Remuneration and social security | 454/9 | €307 | €271 | -€36 | -11.8% |
| Other amounts payable | 47/48 | €72,251 | - | -€72,251 | |
| Accrued charges and deferred income | 492/3 | €264 | - | -€264 | |
| Non-recurring operating income | 76A | €1,997 | - | -€1,997 | |
| Remuneration, social security and pensions | 62 | €4,942 | €4,229 | -€713 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €2,244 | +€1,381 | +160% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €296,668 | €330,598 | +€33,930 | +11.4% |
| Operating profit (loss) | 9901 | €290,413 | €323,663 | +€33,250 | +11.4% |
| Financial income | 75/76B | €13,565 | €14,626 | +€1,061 | +7.8% |
| Recurring financial income | 75 | €13,565 | €14,626 | +€1,061 | +7.8% |
| Financial charges | 65/66B | €4,995 | €4,455 | -€539 | -10.8% |
| Recurring financial charges | 65 | €4,995 | €4,455 | -€539 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €298,983 | €333,834 | +€34,851 | +11.7% |
| Income taxes | 67/77 | €91,893 | €78,643 | -€13,251 | -14.4% |
| Profit (loss) for the period | 9904 | €207,090 | €255,191 | +€48,101 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €207,090 | €255,191 | +€48,101 | +23.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.