Apotheek Kortessem: 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 Kortessem
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,072
2024 · €61,569-€58,497
Equity
€846,999
2024 · €843,927+€3,072
Cash
€185,092
2024 · €167,401+€17,692
Balance sheet total
€1.9m
2024 · €1.4m+€480,674
Largest movements
Assets
- Tangible fixed assets +€438,334
up €438,334 (+3,978%), from €11,020 to €449,355
of which Land and buildings: +€374,808
Equity and liabilities
- Debts after one year +€403,120
new in 2025: €403,120
- Trade debts +€54,860
up €54,860 (+14.0%), from €391,638 to €446,498
- Current portion of long-term debt +€26,852
new in 2025: €26,852
Income statement
- Depreciation +€50,145
up €50,145 (+1,421%), from €3,528 to €53,673
- Staff costs +€41,304
up €41,304 (+22.2%), from €185,771 to €227,075
- Taxes -€21,434
no longer reported in 2025 (was €21,434)
- Gross operating margin +€12,453
up €12,453 (+4.8%), from €259,708 to €272,161
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
€61,569
Gross operating margin
+€12,453
Staff costs
-€41,304
Depreciation
-€50,145
Other operating charges
-€745
Financial income
+€361
Financial charges
-€551
Taxes
+€21,434
Result 2025
€3,072
raises the resultlowers the result
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
+€79,728
Investment
-€492,008
Financing
+€429,971
Cash 2024
€167,401
From operations (derived)
+€79,728
Net result for the year
+€3,072
Depreciation
+€53,673
Stocks and contracts
-€17,661
Receivables within one year
+€10,225
Deferred charges and accrued income
-€17,212
Trade debts
+€54,860
Tax, wage and social debts
+€2,638
Other debts
-€9,868
Investment (derived)
-€492,008
Investment in fixed assets (net)
-€492,008
Financing
+€429,971
Debts after one year
+€403,120
Current portion of long-term debt
+€26,852
Cash 2025
€185,092
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,383,957 | €1,864,631 | +€480,674 | +34.7% |
| Fixed assets | 21/28 | €16,020 | €454,355 | +€438,334 | +2,736% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,020 | €449,355 | +€438,334 | +3,978% |
| Land and buildings | 22 | €0 | €374,808 | +€374,808 | |
| Plant, machinery and equipment | 23 | €9,493 | €4,228 | -€5,265 | -55.5% |
| Furniture and vehicles | 24 | €1,527 | €6,681 | +€5,154 | +337% |
| Leasing and similar rights | 25 | - | €63,638 | +€63,638 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,367,937 | €1,410,276 | +€42,340 | +3.1% |
| Amounts receivable after more than one year | 29 | €675,000 | €675,000 | = | 0.0% |
| Trade receivables | 290 | €675,000 | €675,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €173,924 | €191,585 | +€17,661 | +10.2% |
| Stocks | 30/36 | €173,924 | €191,585 | +€17,661 | +10.2% |
| Amounts receivable within one year | 40/41 | €266,552 | €256,327 | -€10,225 | -3.8% |
| Trade receivables | 40 | €225,043 | €195,909 | -€29,134 | -12.9% |
| Other amounts receivable | 41 | €41,509 | €60,418 | +€18,909 | +45.6% |
| Cash at bank and in hand | 54/58 | €167,401 | €185,092 | +€17,692 | +10.6% |
| Deferred charges and accrued income | 490/1 | €85,060 | €102,272 | +€17,212 | +20.2% |
| Total equity and liabilities | 10/49 | €1,383,957 | €1,864,631 | +€480,674 | +34.7% |
| Equity | 10/15 | €843,927 | €846,999 | +€3,072 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €823,467 | €828,399 | +€4,932 | +0.6% |
| Amounts payable | 17/49 | €540,030 | €1,017,632 | +€477,602 | +88.4% |
| Amounts payable after more than one year | 17 | - | €403,120 | +€403,120 | |
| Financial debts | 170/4 | - | €403,120 | +€403,120 | |
| Amounts payable within one year | 42/48 | €540,030 | €614,512 | +€74,482 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,852 | +€26,852 | |
| Trade debts | 44 | €391,638 | €446,498 | +€54,860 | +14.0% |
| Suppliers | 440/4 | €391,638 | €446,498 | +€54,860 | +14.0% |
| Taxes, remuneration and social security | 45 | €35,538 | €38,176 | +€2,638 | +7.4% |
| Taxes | 450/3 | - | €162 | +€162 | |
| Remuneration and social security | 454/9 | €35,538 | €38,015 | +€2,476 | +7.0% |
| Other amounts payable | 47/48 | €112,854 | €102,986 | -€9,868 | -8.7% |
| Remuneration, social security and pensions | 62 | €185,771 | €227,075 | +€41,304 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,528 | €53,673 | +€50,145 | +1,421% |
| Other operating charges | 640/8 | €1,030 | €1,774 | +€745 | +72.3% |
| Gross operating margin | 9900 | €259,708 | €272,161 | +€12,453 | +4.8% |
| Operating profit (loss) | 9901 | €69,380 | -€10,361 | -€79,741 | |
| Financial income | 75/76B | €20,161 | €20,522 | +€361 | +1.8% |
| Recurring financial income | 75 | €20,161 | €20,522 | +€361 | +1.8% |
| Financial charges | 65/66B | €6,538 | €7,088 | +€551 | +8.4% |
| Recurring financial charges | 65 | €6,538 | €7,088 | +€551 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €83,003 | €3,072 | -€79,931 | -96.3% |
| Income taxes | 67/77 | €21,434 | - | -€21,434 | |
| Profit (loss) for the period | 9904 | €61,569 | €3,072 | -€58,497 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,569 | €3,072 | -€58,497 | -95.0% |
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 30 October 2026 via checked.be.