APOTHEEK HOUBEN: 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 HOUBEN
Largest movements
- Stocks and contracts -€72,171
down €72,171 (-57.7%), from €124,972 to €52,801
- Receivables within one year +€59,536
up €59,536 (+48.5%), from €122,744 to €182,279
of which Other amounts receivable: +€60,506
- Tangible fixed assets -€18,490
down €18,490 (-5.0%), from €373,324 to €354,833
of which Land and buildings: -€21,747
- Cash -€12,874
down €12,874 (-85.2%), from €15,114 to €2,241
mainly Debts after one year (-€105,897) and Other debts (-€74,700)
- Deferred charges and accrued income +€8,178
up €8,178 (+67.3%), from €12,151 to €20,329
- Debts after one year -€105,897
down €105,897 (-55.0%), from €192,712 to €86,816
- Other debts -€74,700
down €74,700 (-97.9%), from €76,300 to €1,600
- Trade debts +€70,073
up €70,073 (+44.0%), from €159,234 to €229,307
- Reserves +€41,229
up €41,229 (+139%), from €29,677 to €70,906
of which Distributable reserves: +€41,229
- Current portion of long-term debt +€20,357
up €20,357 (+19.9%), from €102,403 to €122,760
- Gross operating margin -€44,652
down €44,652 (-20.3%), from €220,255 to €175,603
- Staff costs -€17,049
down €17,049 (-19.9%), from €85,715 to €68,666
- Taxes +€14,858
up €14,858 (+1,006%), from €1,477 to €16,335
- Financial charges -€6,827
down €6,827 (-23.4%), from €29,222 to €22,396
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 | €649,108 | €612,483 | -€36,625 | -5.6% |
| Fixed assets | 21/28 | €374,127 | €354,833 | -€19,294 | -5.2% |
| Tangible fixed assets | 22/27 | €373,324 | €354,833 | -€18,490 | -5.0% |
| Land and buildings | 22 | €366,360 | €344,612 | -€21,747 | -5.9% |
| Plant, machinery and equipment | 23 | €3,023 | €7,875 | +€4,852 | +161% |
| Furniture and vehicles | 24 | €3,942 | €2,347 | -€1,595 | -40.5% |
| Financial fixed assets | 28 | €803 | €0 | -€803 | -100% |
| Current assets | 29/58 | €274,981 | €257,650 | -€17,331 | -6.3% |
| Stocks and contracts in progress | 3 | €124,972 | €52,801 | -€72,171 | -57.7% |
| Stocks | 30/36 | €124,972 | €52,801 | -€72,171 | -57.7% |
| Amounts receivable within one year | 40/41 | €122,744 | €182,279 | +€59,536 | +48.5% |
| Trade receivables | 40 | €87,673 | €86,702 | -€971 | -1.1% |
| Other amounts receivable | 41 | €35,071 | €95,577 | +€60,506 | +173% |
| Cash at bank and in hand | 54/58 | €15,114 | €2,241 | -€12,874 | -85.2% |
| Deferred charges and accrued income | 490/1 | €12,151 | €20,329 | +€8,178 | +67.3% |
| Total equity and liabilities | 10/49 | €649,108 | €612,483 | -€36,625 | -5.6% |
| Equity | 10/15 | €91,677 | €132,906 | +€41,229 | +45.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,677 | €70,906 | +€41,229 | +139% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,320 | €15,320 | = | 0.0% |
| Distributable reserves | 133 | €8,157 | €49,386 | +€41,229 | +505% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €557,431 | €479,577 | -€77,854 | -14.0% |
| Amounts payable after more than one year | 17 | €192,712 | €86,816 | -€105,897 | -55.0% |
| Financial debts | 170/4 | €192,712 | €86,816 | -€105,897 | -55.0% |
| Amounts payable within one year | 42/48 | €352,824 | €377,715 | +€24,891 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €102,403 | €122,760 | +€20,357 | +19.9% |
| Financial debts | 43 | - | €7,713 | +€7,713 | |
| Credit institutions | 430/8 | - | €7,713 | +€7,713 | |
| Trade debts | 44 | €159,234 | €229,307 | +€70,073 | +44.0% |
| Suppliers | 440/4 | €159,234 | €229,307 | +€70,073 | +44.0% |
| Taxes, remuneration and social security | 45 | €14,887 | €16,335 | +€1,448 | +9.7% |
| Taxes | 450/3 | €3,216 | €16,335 | +€13,119 | +408% |
| Remuneration and social security | 454/9 | €11,671 | €0 | -€11,671 | -100% |
| Other amounts payable | 47/48 | €76,300 | €1,600 | -€74,700 | -97.9% |
| Accrued charges and deferred income | 492/3 | €11,895 | €15,047 | +€3,152 | +26.5% |
| Remuneration, social security and pensions | 62 | €85,715 | €68,666 | -€17,049 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,947 | €25,344 | -€603 | -2.3% |
| Other operating charges | 640/8 | €3,210 | €2,710 | -€499 | -15.6% |
| Gross operating margin | 9900 | €220,255 | €175,603 | -€44,652 | -20.3% |
| Operating profit (loss) | 9901 | €105,384 | €78,883 | -€26,501 | -25.1% |
| Financial income | 75/76B | €1,666 | €1,077 | -€589 | -35.4% |
| Recurring financial income | 75 | €1,666 | €1,077 | -€589 | -35.4% |
| Financial charges | 65/66B | €29,222 | €22,396 | -€6,827 | -23.4% |
| Recurring financial charges | 65 | €29,222 | €22,396 | -€6,827 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €77,828 | €57,564 | -€20,264 | -26.0% |
| Income taxes | 67/77 | €1,477 | €16,335 | +€14,858 | +1,006% |
| Profit (loss) for the period | 9904 | €76,351 | €41,229 | -€35,122 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,351 | €41,229 | -€35,122 | -46.0% |
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 26 October 2026 via checked.be.