APOTHEEK MAERTENS: 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 MAERTENS
Largest movements
- Tangible fixed assets +€373,209
up €373,209 (+114%), from €326,907 to €700,116
of which Land and buildings: +€386,662
- Cash +€44,421
up €44,421 (+27.7%), from €160,411 to €204,832
mainly Other debts (+€484,518) and Net result for the year (+€174,463)
- Receivables within one year -€17,112
down €17,112 (-11.0%), from €155,334 to €138,223
of which Trade receivables: -€19,548
- Stocks and contracts +€16,746
up €16,746 (+6.8%), from €247,493 to €264,239
- Other debts +€484,518
up €484,518 (+146%), from €332,537 to €817,055
- Trade debts -€55,719
down €55,719 (-28.2%), from €197,267 to €141,547
- Tax, wage and social debts -€17,129
down €17,129 (-74.7%), from €22,923 to €5,794
of which Remuneration and social security: -€14,521
- Depreciation +€37,742
up €37,742 (+107%), from €35,133 to €72,875
- Gross operating margin +€25,317
up €25,317 (+7.1%), from €356,906 to €382,222
- Staff costs -€18,355
down €18,355 (-13.9%), from €132,202 to €113,847
- Financial charges +€9,063
up €9,063 (+121%), from €7,500 to €16,562
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 | €892,413 | €1,308,546 | +€416,132 | +46.6% |
| Fixed assets | 21/28 | €327,450 | €700,116 | +€372,666 | +114% |
| Intangible fixed assets | 21 | €543 | €0 | -€543 | -100% |
| Tangible fixed assets | 22/27 | €326,907 | €700,116 | +€373,209 | +114% |
| Land and buildings | 22 | €271,664 | €658,326 | +€386,662 | +142% |
| Plant, machinery and equipment | 23 | €32,042 | €25,046 | -€6,996 | -21.8% |
| Furniture and vehicles | 24 | €23,201 | €16,744 | -€6,457 | -27.8% |
| Current assets | 29/58 | €564,963 | €608,430 | +€43,466 | +7.7% |
| Stocks and contracts in progress | 3 | €247,493 | €264,239 | +€16,746 | +6.8% |
| Stocks | 30/36 | €247,493 | €264,239 | +€16,746 | +6.8% |
| Amounts receivable within one year | 40/41 | €155,334 | €138,223 | -€17,112 | -11.0% |
| Trade receivables | 40 | €154,288 | €134,740 | -€19,548 | -12.7% |
| Other amounts receivable | 41 | €1,046 | €3,482 | +€2,436 | +233% |
| Cash at bank and in hand | 54/58 | €160,411 | €204,832 | +€44,421 | +27.7% |
| Deferred charges and accrued income | 490/1 | €1,725 | €1,136 | -€589 | -34.1% |
| Total equity and liabilities | 10/49 | €892,413 | €1,308,546 | +€416,132 | +46.6% |
| Equity | 10/15 | €339,687 | €344,150 | +€4,463 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,087 | €325,550 | +€4,463 | +1.4% |
| Tax-exempt reserves | 132 | €24,400 | €24,400 | = | 0.0% |
| Distributable reserves | 133 | €296,687 | €301,150 | +€4,463 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €552,726 | €964,396 | +€411,670 | +74.5% |
| Amounts payable within one year | 42/48 | €552,726 | €964,396 | +€411,670 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €197,267 | €141,547 | -€55,719 | -28.2% |
| Suppliers | 440/4 | €197,267 | €141,547 | -€55,719 | -28.2% |
| Taxes, remuneration and social security | 45 | €22,923 | €5,794 | -€17,129 | -74.7% |
| Taxes | 450/3 | €3,016 | €407 | -€2,608 | -86.5% |
| Remuneration and social security | 454/9 | €19,907 | €5,386 | -€14,521 | -72.9% |
| Other amounts payable | 47/48 | €332,537 | €817,055 | +€484,518 | +146% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €132,202 | €113,847 | -€18,355 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,133 | €72,875 | +€37,742 | +107% |
| Other operating charges | 640/8 | €5,069 | €5,161 | +€92 | +1.8% |
| Non-recurring operating charges | 66A | - | €1,785 | +€1,785 | |
| Gross operating margin | 9900 | €356,906 | €382,222 | +€25,317 | +7.1% |
| Operating profit (loss) | 9901 | €184,502 | €188,554 | +€4,052 | +2.2% |
| Financial income | 75/76B | €3,884 | €2,537 | -€1,347 | -34.7% |
| Recurring financial income | 75 | €3,884 | €2,537 | -€1,347 | -34.7% |
| Financial charges | 65/66B | €7,500 | €16,562 | +€9,063 | +121% |
| Recurring financial charges | 65 | €7,500 | €16,562 | +€9,063 | +121% |
| Profit (loss) for the period before taxes | 9903 | €180,886 | €174,528 | -€6,358 | -3.5% |
| Income taxes | 67/77 | €2,579 | €65 | -€2,514 | -97.5% |
| Profit (loss) for the period | 9904 | €178,307 | €174,463 | -€3,844 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €178,307 | €174,463 | -€3,844 | -2.2% |
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.