Apotheek Holvoet: 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 Holvoet
Largest movements
- Tangible fixed assets -€52,067
down €52,067 (-7.9%), from €662,286 to €610,219
of which Plant, machinery and equipment: -€27,080
- Stocks and contracts +€13,815
up €13,815 (+15.2%), from €90,824 to €104,640
- Cash +€10,369
up €10,369 (+17.2%), from €60,227 to €70,595
mainly Depreciation (+€65,024) and Net result for the year (+€14,626)
- Receivables within one year +€10,331
up €10,331 (+18.1%), from €57,096 to €67,427
of which Trade receivables: +€14,100
- Debts after one year -€41,545
down €41,545 (-6.9%), from €600,059 to €558,514
- Reserves +€14,626
up €14,626 (+11.8%), from €124,189 to €138,814
- Trade debts +€12,736
up €12,736 (+23.5%), from €54,145 to €66,881
- Gross operating margin +€26,939
up €26,939 (+19.8%), from €136,101 to €163,040
- Depreciation +€24,428
up €24,428 (+60.2%), from €40,596 to €65,024
- Financial charges +€5,084
up €5,084 (+42.4%), from €11,977 to €17,061
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 | €884,564 | €869,040 | -€15,524 | -1.8% |
| Fixed assets | 21/28 | €667,286 | €615,219 | -€52,067 | -7.8% |
| Tangible fixed assets | 22/27 | €662,286 | €610,219 | -€52,067 | -7.9% |
| Land and buildings | 22 | €115,128 | €105,999 | -€9,130 | -7.9% |
| Plant, machinery and equipment | 23 | €295,456 | €268,375 | -€27,080 | -9.2% |
| Furniture and vehicles | 24 | €756 | €192 | -€564 | -74.6% |
| Other tangible fixed assets | 26 | €250,946 | €235,654 | -€15,293 | -6.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €217,278 | €253,821 | +€36,543 | +16.8% |
| Stocks and contracts in progress | 3 | €90,824 | €104,640 | +€13,815 | +15.2% |
| Stocks | 30/36 | €90,824 | €104,640 | +€13,815 | +15.2% |
| Amounts receivable within one year | 40/41 | €57,096 | €67,427 | +€10,331 | +18.1% |
| Trade receivables | 40 | €40,257 | €54,357 | +€14,100 | +35.0% |
| Other amounts receivable | 41 | €16,840 | €13,070 | -€3,770 | -22.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €60,227 | €70,595 | +€10,369 | +17.2% |
| Deferred charges and accrued income | 490/1 | €9,131 | €11,159 | +€2,028 | +22.2% |
| Total equity and liabilities | 10/49 | €884,564 | €869,040 | -€15,524 | -1.8% |
| Equity | 10/15 | €142,781 | €157,406 | +€14,626 | +10.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €124,189 | €138,814 | +€14,626 | +11.8% |
| Distributable reserves | 133 | €124,189 | €138,814 | +€14,626 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €741,783 | €711,634 | -€30,149 | -4.1% |
| Amounts payable after more than one year | 17 | €600,059 | €558,514 | -€41,545 | -6.9% |
| Financial debts | 170/4 | €600,059 | €558,514 | -€41,545 | -6.9% |
| Amounts payable within one year | 42/48 | €138,961 | €150,435 | +€11,474 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €40,610 | €41,545 | +€935 | +2.3% |
| Trade debts | 44 | €54,145 | €66,881 | +€12,736 | +23.5% |
| Suppliers | 440/4 | €54,145 | €66,881 | +€12,736 | +23.5% |
| Taxes, remuneration and social security | 45 | €8,103 | €8,105 | +€1 | 0.0% |
| Remuneration and social security | 454/9 | €8,103 | €8,105 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €36,102 | €33,904 | -€2,198 | -6.1% |
| Accrued charges and deferred income | 492/3 | €2,763 | €2,685 | -€78 | -2.8% |
| Remuneration, social security and pensions | 62 | €63,841 | €63,929 | +€88 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,596 | €65,024 | +€24,428 | +60.2% |
| Other operating charges | 640/8 | €1,395 | €782 | -€613 | -44.0% |
| Gross operating margin | 9900 | €136,101 | €163,040 | +€26,939 | +19.8% |
| Operating profit (loss) | 9901 | €30,269 | €33,306 | +€3,036 | +10.0% |
| Financial charges | 65/66B | €11,977 | €17,061 | +€5,084 | +42.4% |
| Recurring financial charges | 65 | €11,977 | €17,061 | +€5,084 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €18,292 | €16,245 | -€2,047 | -11.2% |
| Income taxes | 67/77 | €625 | €1,620 | +€995 | +159% |
| Profit (loss) for the period | 9904 | €17,667 | €14,626 | -€3,042 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,667 | €14,626 | -€3,042 | -17.2% |
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 19 October 2026 via checked.be.