APOTHEEK MAES KATRIEN: 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 MAES KATRIEN
Largest movements
- Tangible fixed assets +€155,602
up €155,602 (+33.0%), from €472,013 to €627,615
of which Land and buildings: +€197,398
- Cash -€71,188
down €71,188 (-38.0%), from €187,137 to €115,949
mainly Contributions, distributions and other (-€866,387) and Investment in fixed assets (net) (-€225,422)
- Receivables within one year -€48,800
down €48,800 (-19.4%), from €251,195 to €202,395
of which Other amounts receivable: -€55,330
- Other debts +€674,074
up €674,074 (+345%), from €195,133 to €869,207
- Reserves -€654,246
down €654,246 (-99.6%), from €657,202 to €2,956
of which Distributable reserves: -€654,246
- Trade debts +€27,247
up €27,247 (+34.4%), from €79,288 to €106,535
- Debts after one year -€22,905
down €22,905 (-16.9%), from €135,433 to €112,528
- Gross operating margin +€19,221
up €19,221 (+5.6%), from €340,429 to €359,650
- Depreciation +€4,480
up €4,480 (+6.9%), from €65,340 to €69,820
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 | €1,121,439 | €1,153,882 | +€32,443 | +2.9% |
| Fixed assets | 21/28 | €472,243 | €627,845 | +€155,602 | +32.9% |
| Tangible fixed assets | 22/27 | €472,013 | €627,615 | +€155,602 | +33.0% |
| Land and buildings | 22 | €313,807 | €511,205 | +€197,398 | +62.9% |
| Plant, machinery and equipment | 23 | €105,333 | €81,310 | -€24,024 | -22.8% |
| Furniture and vehicles | 24 | €52,873 | €35,100 | -€17,773 | -33.6% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €649,196 | €526,038 | -€123,158 | -19.0% |
| Stocks and contracts in progress | 3 | €208,788 | €201,180 | -€7,607 | -3.6% |
| Stocks | 30/36 | €208,788 | €201,180 | -€7,607 | -3.6% |
| Amounts receivable within one year | 40/41 | €251,195 | €202,395 | -€48,800 | -19.4% |
| Trade receivables | 40 | €104,391 | €110,920 | +€6,530 | +6.3% |
| Other amounts receivable | 41 | €146,805 | €91,475 | -€55,330 | -37.7% |
| Cash at bank and in hand | 54/58 | €187,137 | €115,949 | -€71,188 | -38.0% |
| Deferred charges and accrued income | 490/1 | €2,076 | €6,512 | +€4,437 | +214% |
| Total equity and liabilities | 10/49 | €1,121,439 | €1,153,882 | +€32,443 | +2.9% |
| Equity | 10/15 | €675,802 | €21,556 | -€654,246 | -96.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €657,202 | €2,956 | -€654,246 | -99.6% |
| Tax-exempt reserves | 132 | €2,956 | €2,956 | = | 0.0% |
| Distributable reserves | 133 | €654,246 | €0 | -€654,246 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €445,637 | €1,132,326 | +€686,689 | +154% |
| Amounts payable after more than one year | 17 | €135,433 | €112,528 | -€22,905 | -16.9% |
| Financial debts | 170/4 | €135,433 | €112,528 | -€22,905 | -16.9% |
| Amounts payable within one year | 42/48 | €309,784 | €1,019,522 | +€709,738 | +229% |
| Current portion of amounts payable after more than one year | 42 | €22,778 | €22,905 | +€127 | +0.6% |
| Trade debts | 44 | €79,288 | €106,535 | +€27,247 | +34.4% |
| Suppliers | 440/4 | €79,288 | €106,535 | +€27,247 | +34.4% |
| Taxes, remuneration and social security | 45 | €12,585 | €20,874 | +€8,289 | +65.9% |
| Taxes | 450/3 | €1,695 | €11,331 | +€9,636 | +568% |
| Remuneration and social security | 454/9 | €10,890 | €9,543 | -€1,347 | -12.4% |
| Other amounts payable | 47/48 | €195,133 | €869,207 | +€674,074 | +345% |
| Accrued charges and deferred income | 492/3 | €419 | €276 | -€143 | -34.1% |
| Remuneration, social security and pensions | 62 | €72,777 | €74,990 | +€2,214 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,340 | €69,820 | +€4,480 | +6.9% |
| Other operating charges | 640/8 | €5,000 | €5,100 | +€101 | +2.0% |
| Gross operating margin | 9900 | €340,429 | €359,650 | +€19,221 | +5.6% |
| Operating profit (loss) | 9901 | €197,313 | €209,739 | +€12,426 | +6.3% |
| Financial income | 75/76B | €3,522 | €4,148 | +€626 | +17.8% |
| Recurring financial income | 75 | €3,522 | €4,148 | +€626 | +17.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,651 | €1,416 | -€235 | -14.3% |
| Recurring financial charges | 65 | €1,651 | €1,416 | -€235 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €199,184 | €212,471 | +€13,288 | +6.7% |
| Income taxes | 67/77 | €1,992 | €330 | -€1,662 | -83.4% |
| Profit (loss) for the period | 9904 | €197,191 | €212,141 | +€14,949 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,191 | €212,141 | +€14,949 | +7.6% |
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 1 November 2026 via checked.be.