Apotheek Hoeleden: 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 Hoeleden
Largest movements
- Tangible fixed assets +€237,364
up €237,364 (+219%), from €108,594 to €345,958
of which Land and buildings: +€262,294
- Cash -€83,991
down €83,991 (-40.2%), from €209,085 to €125,094
mainly Investment in fixed assets (net) (-€283,903) and Receivables within one year (-€30,315)
- Intangible fixed assets -€36,500
down €36,500 (-20.0%), from €182,500 to €146,000
- Receivables within one year +€30,315
up €30,315 (+32.6%), from €93,035 to €123,350
of which Other amounts receivable: +€15,657
- Debts after one year +€178,733
up €178,733 (+87.9%), from €203,296 to €382,029
- Profit (loss) carried forward +€37,617
up €37,617 (+10.9%), from €343,551 to €381,167
- Other debts -€23,709
down €23,709 (-81.0%), from €29,265 to €5,557
- Current portion of long-term debt -€22,506
down €22,506 (-21.7%), from €103,773 to €81,267
- Trade debts -€11,105
down €11,105 (-11.7%), from €95,055 to €83,950
- Staff costs +€38,188
up €38,188 (+23.7%), from €161,185 to €199,373
- Depreciation -€7,340
down €7,340 (-8.1%), from €90,380 to €83,039
- Gross operating margin +€6,463
up €6,463 (+1.9%), from €334,088 to €340,550
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 | €824,920 | €983,310 | +€158,391 | +19.2% |
| Fixed assets | 21/28 | €291,094 | €491,958 | +€200,864 | +69.0% |
| Intangible fixed assets | 21 | €182,500 | €146,000 | -€36,500 | -20.0% |
| Tangible fixed assets | 22/27 | €108,594 | €345,958 | +€237,364 | +219% |
| Land and buildings | 22 | - | €262,294 | +€262,294 | |
| Plant, machinery and equipment | 23 | €75,201 | €77,707 | +€2,506 | +3.3% |
| Furniture and vehicles | 24 | €26,425 | €482 | -€25,943 | -98.2% |
| Other tangible fixed assets | 26 | €6,969 | €5,475 | -€1,494 | -21.4% |
| Current assets | 29/58 | €533,826 | €491,353 | -€42,473 | -8.0% |
| Stocks and contracts in progress | 3 | €220,964 | €230,720 | +€9,756 | +4.4% |
| Stocks | 30/36 | €220,964 | €230,720 | +€9,756 | +4.4% |
| Amounts receivable within one year | 40/41 | €93,035 | €123,350 | +€30,315 | +32.6% |
| Trade receivables | 40 | €87,248 | €101,907 | +€14,659 | +16.8% |
| Other amounts receivable | 41 | €5,786 | €21,443 | +€15,657 | +271% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €209,085 | €125,094 | -€83,991 | -40.2% |
| Deferred charges and accrued income | 490/1 | €5,742 | €7,188 | +€1,446 | +25.2% |
| Total equity and liabilities | 10/49 | €824,920 | €983,310 | +€158,391 | +19.2% |
| Equity | 10/15 | €353,551 | €391,167 | +€37,617 | +10.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,551 | €381,167 | +€37,617 | +10.9% |
| Amounts payable | 17/49 | €471,369 | €592,143 | +€120,774 | +25.6% |
| Amounts payable after more than one year | 17 | €203,296 | €382,029 | +€178,733 | +87.9% |
| Financial debts | 170/4 | €203,296 | €382,029 | +€178,733 | +87.9% |
| Amounts payable within one year | 42/48 | €262,638 | €207,605 | -€55,033 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €103,773 | €81,267 | -€22,506 | -21.7% |
| Trade debts | 44 | €95,055 | €83,950 | -€11,105 | -11.7% |
| Suppliers | 440/4 | €95,055 | €83,950 | -€11,105 | -11.7% |
| Taxes, remuneration and social security | 45 | €34,546 | €36,832 | +€2,286 | +6.6% |
| Taxes | 450/3 | €676 | €1,131 | +€454 | +67.2% |
| Remuneration and social security | 454/9 | €33,869 | €35,701 | +€1,832 | +5.4% |
| Other amounts payable | 47/48 | €29,265 | €5,557 | -€23,709 | -81.0% |
| Accrued charges and deferred income | 492/3 | €5,435 | €2,509 | -€2,926 | -53.8% |
| Non-recurring operating income | 76A | €1,539 | €7,751 | +€6,212 | +404% |
| Remuneration, social security and pensions | 62 | €161,185 | €199,373 | +€38,188 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,380 | €83,039 | -€7,340 | -8.1% |
| Other operating charges | 640/8 | €356 | €1,259 | +€903 | +254% |
| Gross operating margin | 9900 | €334,088 | €340,550 | +€6,463 | +1.9% |
| Operating profit (loss) | 9901 | €82,167 | €56,879 | -€25,288 | -30.8% |
| Financial income | 75/76B | €3,797 | €1,679 | -€2,118 | -55.8% |
| Recurring financial income | 75 | €1,757 | €1,679 | -€78 | -4.5% |
| Non-recurring financial income | 76B | €2,040 | - | -€2,040 | |
| Financial charges | 65/66B | €10,610 | €7,949 | -€2,661 | -25.1% |
| Recurring financial charges | 65 | €10,610 | €7,949 | -€2,661 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €75,355 | €50,609 | -€24,746 | -32.8% |
| Income taxes | 67/77 | €15,724 | €12,992 | -€2,732 | -17.4% |
| Profit (loss) for the period | 9904 | €59,630 | €37,617 | -€22,014 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,630 | €37,617 | -€22,014 | -36.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.