APOTHEEK MALCORPS: 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 MALCORPS
Largest movements
- Receivables within one year -€29,448
down €29,448 (-15.6%), from €188,166 to €158,718
of which Trade receivables: -€32,605
- Stocks and contracts +€26,023
up €26,023 (+9.6%), from €270,969 to €296,993
- Tangible fixed assets +€7,132
new in 2025: €7,132
- Trade debts +€24,659
up €24,659 (+13.4%), from €184,203 to €208,863
- Tax, wage and social debts -€11,535
down €11,535 (-57.2%), from €20,179 to €8,643
of which Remuneration and social security: -€10,513
- Short-term financial debts -€9,151
down €9,151 (-15.0%), from €60,823 to €51,672
of which Credit institutions: -€9,151
- Gross operating margin -€6,729
down €6,729 (-7.3%), from €92,549 to €85,820
- Staff costs -€6,683
down €6,683 (-8.9%), from €75,230 to €68,547
- Other operating charges +€3,157
up €3,157 (+77.9%), from €4,055 to €7,213
- Financial income +€1,804
up €1,804, from €0 to €1,804
- Financial charges -€1,396
down €1,396 (-16.1%), from €8,682 to €7,286
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 | €465,505 | €469,570 | +€4,065 | +0.9% |
| Fixed assets | 21/28 | - | €7,132 | +€7,132 | |
| Tangible fixed assets | 22/27 | - | €7,132 | +€7,132 | |
| Other tangible fixed assets | 26 | - | €7,132 | +€7,132 | |
| Current assets | 29/58 | €465,505 | €462,438 | -€3,067 | -0.7% |
| Stocks and contracts in progress | 3 | €270,969 | €296,993 | +€26,023 | +9.6% |
| Stocks | 30/36 | €270,969 | €296,993 | +€26,023 | +9.6% |
| Amounts receivable within one year | 40/41 | €188,166 | €158,718 | -€29,448 | -15.6% |
| Trade receivables | 40 | €158,887 | €126,282 | -€32,605 | -20.5% |
| Other amounts receivable | 41 | €29,279 | €32,436 | +€3,157 | +10.8% |
| Cash at bank and in hand | 54/58 | €2,928 | €5,201 | +€2,273 | +77.6% |
| Deferred charges and accrued income | 490/1 | €3,442 | €1,526 | -€1,917 | -55.7% |
| Total equity and liabilities | 10/49 | €465,505 | €469,570 | +€4,065 | +0.9% |
| Equity | 10/15 | €136,857 | €138,860 | +€2,004 | +1.5% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Capital | 10 | €102,000 | €102,000 | = | 0.0% |
| Issued capital | 100 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €34,857 | €36,860 | +€2,004 | +5.7% |
| Non-distributable reserves | 130/1 | €10,200 | €10,200 | = | 0.0% |
| Legal reserve | 130 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €24,657 | €26,660 | +€2,004 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €328,648 | €330,710 | +€2,061 | +0.6% |
| Amounts payable within one year | 42/48 | €327,914 | €330,710 | +€2,796 | +0.9% |
| Financial debts | 43 | €60,823 | €51,672 | -€9,151 | -15.0% |
| Credit institutions | 430/8 | €60,823 | €51,672 | -€9,151 | -15.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €184,203 | €208,863 | +€24,659 | +13.4% |
| Suppliers | 440/4 | €184,203 | €208,863 | +€24,659 | +13.4% |
| Taxes, remuneration and social security | 45 | €20,179 | €8,643 | -€11,535 | -57.2% |
| Taxes | 450/3 | €4,494 | €3,472 | -€1,023 | -22.8% |
| Remuneration and social security | 454/9 | €15,684 | €5,171 | -€10,513 | -67.0% |
| Other amounts payable | 47/48 | €62,709 | €61,532 | -€1,177 | -1.9% |
| Accrued charges and deferred income | 492/3 | €735 | €0 | -€735 | -100% |
| Remuneration, social security and pensions | 62 | €75,230 | €68,547 | -€6,683 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €684 | +€684 | |
| Other operating charges | 640/8 | €4,055 | €7,213 | +€3,157 | +77.9% |
| Gross operating margin | 9900 | €92,549 | €85,820 | -€6,729 | -7.3% |
| Operating profit (loss) | 9901 | €13,264 | €9,377 | -€3,887 | -29.3% |
| Financial income | 75/76B | €0 | €1,804 | +€1,804 | |
| Recurring financial income | 75 | €0 | €1,804 | +€1,804 | |
| Financial charges | 65/66B | €8,682 | €7,286 | -€1,396 | -16.1% |
| Recurring financial charges | 65 | €8,682 | €7,286 | -€1,396 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €4,582 | €3,895 | -€687 | -15.0% |
| Income taxes | 67/77 | €1,581 | €1,891 | +€310 | +19.6% |
| Profit (loss) for the period | 9904 | €3,001 | €2,004 | -€997 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,001 | €2,004 | -€997 | -33.2% |
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 25 October 2026 via checked.be.