APOTHEEK LATEM: 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 LATEM
Largest movements
- Intangible fixed assets -€88,000
down €88,000 (-56.7%), from €155,189 to €67,189
- Cash -€75,116
down €75,116 (-30.3%), from €247,652 to €172,536
mainly Trade debts (-€88,628) and Debts after one year (-€61,969)
- Stocks and contracts -€20,118
down €20,118 (-9.5%), from €211,651 to €191,532
- Trade debts -€88,628
down €88,628 (-39.7%), from €223,451 to €134,823
- Debts after one year -€61,969
down €61,969 (-23.8%), from €260,376 to €198,407
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€35,664
up €35,664 (+22.9%), from €155,885 to €191,549
- Gross operating margin +€85,879
up €85,879 (+26.9%), from €318,859 to €404,738
- Staff costs +€60,591
up €60,591 (+37.4%), from €162,191 to €222,781
- Taxes +€4,549
up €4,549 (+61.6%), from €7,382 to €11,932
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 | €1,041,949 | €870,204 | -€171,745 | -16.5% |
| Fixed assets | 21/28 | €380,487 | €300,079 | -€80,408 | -21.1% |
| Intangible fixed assets | 21 | €155,189 | €67,189 | -€88,000 | -56.7% |
| Tangible fixed assets | 22/27 | €225,298 | €232,890 | +€7,592 | +3.4% |
| Plant, machinery and equipment | 23 | €215,856 | €210,429 | -€5,427 | -2.5% |
| Furniture and vehicles | 24 | €9,442 | €22,461 | +€13,019 | +138% |
| Current assets | 29/58 | €661,462 | €570,125 | -€91,336 | -13.8% |
| Stocks and contracts in progress | 3 | €211,651 | €191,532 | -€20,118 | -9.5% |
| Stocks | 30/36 | €211,651 | €191,532 | -€20,118 | -9.5% |
| Amounts receivable within one year | 40/41 | €198,773 | €201,821 | +€3,048 | +1.5% |
| Trade receivables | 40 | €101,544 | €111,657 | +€10,113 | +10.0% |
| Other amounts receivable | 41 | €97,229 | €90,164 | -€7,065 | -7.3% |
| Cash at bank and in hand | 54/58 | €247,652 | €172,536 | -€75,116 | -30.3% |
| Deferred charges and accrued income | 490/1 | €3,386 | €4,236 | +€850 | +25.1% |
| Total equity and liabilities | 10/49 | €1,041,949 | €870,204 | -€171,745 | -16.5% |
| Equity | 10/15 | €174,435 | €210,099 | +€35,664 | +20.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €155,885 | €191,549 | +€35,664 | +22.9% |
| Distributable reserves | 133 | €155,885 | €191,549 | +€35,664 | +22.9% |
| Amounts payable | 17/49 | €867,514 | €660,105 | -€207,409 | -23.9% |
| Amounts payable after more than one year | 17 | €260,376 | €198,407 | -€61,969 | -23.8% |
| Financial debts | 170/4 | €260,376 | €198,407 | -€61,969 | -23.8% |
| Amounts payable within one year | 42/48 | €606,852 | €461,698 | -€145,154 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €66,495 | €61,969 | -€4,526 | -6.8% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €223,451 | €134,823 | -€88,628 | -39.7% |
| Suppliers | 440/4 | €223,451 | €134,823 | -€88,628 | -39.7% |
| Taxes, remuneration and social security | 45 | €45,586 | €49,865 | +€4,278 | +9.4% |
| Taxes | 450/3 | €11,495 | €11,634 | +€139 | +1.2% |
| Remuneration and social security | 454/9 | €34,091 | €38,230 | +€4,139 | +12.1% |
| Other amounts payable | 47/48 | €221,319 | €215,041 | -€6,278 | -2.8% |
| Accrued charges and deferred income | 492/3 | €286 | €0 | -€286 | -100% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €162,191 | €222,781 | +€60,591 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,913 | €123,338 | +€1,425 | +1.2% |
| Other operating charges | 640/8 | €3,178 | €2,259 | -€918 | -28.9% |
| Gross operating margin | 9900 | €318,859 | €404,738 | +€85,879 | +26.9% |
| Operating profit (loss) | 9901 | €31,578 | €56,360 | +€24,781 | +78.5% |
| Financial income | 75/76B | €7,417 | €5,090 | -€2,326 | -31.4% |
| Recurring financial income | 75 | €7,417 | €5,090 | -€2,326 | -31.4% |
| Financial charges | 65/66B | €16,963 | €13,854 | -€3,109 | -18.3% |
| Recurring financial charges | 65 | €16,963 | €13,854 | -€3,109 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €22,032 | €47,596 | +€25,564 | +116% |
| Income taxes | 67/77 | €7,382 | €11,932 | +€4,549 | +61.6% |
| Profit (loss) for the period | 9904 | €14,650 | €35,664 | +€21,015 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €14,650 | €35,664 | +€21,015 | +143% |
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 16 October 2026 via checked.be.