APOTHEEK HANSEN: 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 HANSEN
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,457
2024 · -€3,286+€32,743
Equity
€125,238
2024 · €95,780+€29,457
Cash
€38,925
2024 · €37,656+€1,269
Balance sheet total
€296,212
2024 · €315,870-€19,658
Largest movements
Assets
- Intangible fixed assets -€29,200
down €29,200 (-50.0%), from €58,400 to €29,200
- Stocks and contracts +€7,260
up €7,260 (+7.5%), from €96,221 to €103,481
- Receivables within one year +€4,992
up €4,992 (+4.4%), from €113,566 to €118,558
of which Other amounts receivable: +€3,493
Equity and liabilities
- Trade debts -€52,087
down €52,087 (-44.8%), from €116,392 to €64,305
- Debts after one year -€28,339
down €28,339 (-50.4%), from €56,192 to €27,854
- Reserves +€26,172
up €26,172 (+30.2%), from €86,666 to €112,838
- Current portion of long-term debt +€15,334
up €15,334 (+45.7%), from €33,565 to €48,899
- Short-term financial debts +€9,988
up €9,988 (+369%), from €2,705 to €12,692
of which Other loans: +€10,000
Income statement
- Gross operating margin +€49,558
up €49,558 (+65.5%), from €75,657 to €125,215
- Taxes +€12,638
up €12,638 (+3,311%), from €382 to €13,020
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
-€3,286
Gross operating margin
+€49,558
Staff costs
-€318
Depreciation
-€115
Other operating charges
-€90
Other operating items
-€4,156
Financial income
+€322
Financial charges
+€181
Taxes
-€12,638
Result 2025
€29,457
raises the resultlowers the resultnot broken down further in the accounts
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
+€7,791
Investment
-€3,505
Financing
-€3,017
Cash 2024
€37,656
From operations (derived)
+€7,791
Net result for the year
+€29,457
Depreciation
+€35,837
Stocks and contracts
-€7,260
Receivables within one year
-€4,992
Deferred charges and accrued income
+€847
Trade debts
-€52,087
Tax, wage and social debts
+€6,393
Accrued charges and deferred income
-€405
Investment (derived)
-€3,505
Investment in fixed assets (net)
-€3,505
Financing
-€3,017
Debts after one year
-€28,339
Current portion of long-term debt
+€15,334
Short-term financial debts
+€9,988
Cash 2025
€38,925
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,870 | €296,212 | -€19,658 | -6.2% |
| Fixed assets | 21/28 | €67,431 | €35,098 | -€32,332 | -47.9% |
| Intangible fixed assets | 21 | €58,400 | €29,200 | -€29,200 | -50.0% |
| Tangible fixed assets | 22/27 | €9,031 | €5,898 | -€3,132 | -34.7% |
| Land and buildings | 22 | - | €3,411 | +€3,411 | |
| Plant, machinery and equipment | 23 | €3,171 | €2,487 | -€684 | -21.6% |
| Furniture and vehicles | 24 | €5,860 | €0 | -€5,860 | -100% |
| Current assets | 29/58 | €248,439 | €261,113 | +€12,674 | +5.1% |
| Stocks and contracts in progress | 3 | €96,221 | €103,481 | +€7,260 | +7.5% |
| Stocks | 30/36 | €96,221 | €103,481 | +€7,260 | +7.5% |
| Amounts receivable within one year | 40/41 | €113,566 | €118,558 | +€4,992 | +4.4% |
| Trade receivables | 40 | €74,656 | €76,156 | +€1,500 | +2.0% |
| Other amounts receivable | 41 | €38,910 | €42,403 | +€3,493 | +9.0% |
| Cash at bank and in hand | 54/58 | €37,656 | €38,925 | +€1,269 | +3.4% |
| Deferred charges and accrued income | 490/1 | €997 | €150 | -€847 | -85.0% |
| Total equity and liabilities | 10/49 | €315,870 | €296,212 | -€19,658 | -6.2% |
| Equity | 10/15 | €95,780 | €125,238 | +€29,457 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,666 | €112,838 | +€26,172 | +30.2% |
| Distributable reserves | 133 | €86,666 | €112,838 | +€26,172 | +30.2% |
| Profit (loss) carried forward | 14 | -€3,286 | €0 | +€3,286 | |
| Amounts payable | 17/49 | €220,090 | €170,974 | -€49,116 | -22.3% |
| Amounts payable after more than one year | 17 | €56,192 | €27,854 | -€28,339 | -50.4% |
| Financial debts | 170/4 | €56,192 | €27,854 | -€28,339 | -50.4% |
| Amounts payable within one year | 42/48 | €163,035 | €142,662 | -€20,373 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €33,565 | €48,899 | +€15,334 | +45.7% |
| Financial debts | 43 | €2,705 | €12,692 | +€9,988 | +369% |
| Credit institutions | 430/8 | €2,705 | €2,692 | -€12 | -0.5% |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €116,392 | €64,305 | -€52,087 | -44.8% |
| Suppliers | 440/4 | €116,392 | €64,305 | -€52,087 | -44.8% |
| Taxes, remuneration and social security | 45 | €9,601 | €15,994 | +€6,393 | +66.6% |
| Taxes | 450/3 | €1,651 | €5,745 | +€4,094 | +248% |
| Remuneration and social security | 454/9 | €7,950 | €10,249 | +€2,299 | +28.9% |
| Other amounts payable | 47/48 | €772 | €772 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €863 | €458 | -€405 | -46.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,763 | €34,081 | +€318 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,722 | €35,837 | +€115 | +0.3% |
| Other operating charges | 640/8 | €3,549 | €3,639 | +€90 | +2.5% |
| Non-recurring operating charges | 66A | €3,466 | €7,622 | +€4,156 | +120% |
| Gross operating margin | 9900 | €75,657 | €125,215 | +€49,558 | +65.5% |
| Operating profit (loss) | 9901 | -€843 | €44,035 | +€44,878 | |
| Financial income | 75/76B | €2,233 | €2,555 | +€322 | +14.4% |
| Recurring financial income | 75 | €2,233 | €2,555 | +€322 | +14.4% |
| Financial charges | 65/66B | €4,294 | €4,113 | -€181 | -4.2% |
| Recurring financial charges | 65 | €4,294 | €4,113 | -€181 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,904 | €42,477 | +€45,381 | |
| Income taxes | 67/77 | €382 | €13,020 | +€12,638 | +3,311% |
| Profit (loss) for the period | 9904 | -€3,286 | €29,457 | +€32,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,286 | €29,457 | +€32,743 |
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.