APOTHEEK MATTELAER: what changed
APOTHEEK MATTELAER
Largest movements
- Tangible fixed assets +€25,115
up €25,115 (+10.0%), from €250,095 to €275,210
of which Furniture and vehicles: +€33,236
- Stocks and contracts +€18,452
up €18,452 (+10.5%), from €176,320 to €194,772
- Cash +€14,013
up €14,013 (+5.4%), from €257,418 to €271,431
mainly Net result for the year (+€131,239) and Depreciation (+€27,355)
- Receivables within one year -€12,272
down €12,272 (-8.3%), from €146,988 to €134,716
of which Trade receivables: -€11,957
- Reserves +€76,010
up €76,010 (+17.9%), from €424,845 to €500,855
of which Distributable reserves: +€76,010
- Debts after one year -€43,044
down €43,044 (-17.5%), from €246,168 to €203,124
- Current portion of long-term debt -€18,378
down €18,378 (-33.1%), from €55,440 to €37,062
- Other debts +€17,775
up €17,775 (+26.4%), from €67,352 to €85,127
- Trade debts +€15,166
up €15,166 (+16.9%), from €89,731 to €104,896
- Depreciation -€24,607
down €24,607 (-47.4%), from €51,962 to €27,355
- Taxes +€5,586
up €5,586 (+11.0%), from €50,982 to €56,567
- Staff costs +€5,085
up €5,085 (+12.0%), from €42,412 to €47,497
- Financial charges -€3,902
down €3,902 (-14.1%), from €27,732 to €23,830
- Gross operating margin +€3,571
up €3,571 (+1.3%), from €282,945 to €286,517
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,577 | €1,046,077 | +€50,500 | +5.1% |
| Fixed assets | 21/28 | €250,095 | €275,210 | +€25,115 | +10.0% |
| Tangible fixed assets | 22/27 | €250,095 | €275,210 | +€25,115 | +10.0% |
| Land and buildings | 22 | €237,463 | €231,228 | -€6,235 | -2.6% |
| Plant, machinery and equipment | 23 | €10,366 | €8,480 | -€1,886 | -18.2% |
| Furniture and vehicles | 24 | €2,266 | €35,502 | +€33,236 | +1,467% |
| Current assets | 29/58 | €745,482 | €770,867 | +€25,385 | +3.4% |
| Stocks and contracts in progress | 3 | €176,320 | €194,772 | +€18,452 | +10.5% |
| Stocks | 30/36 | €176,320 | €194,772 | +€18,452 | +10.5% |
| Amounts receivable within one year | 40/41 | €146,988 | €134,716 | -€12,272 | -8.3% |
| Trade receivables | 40 | €139,508 | €127,551 | -€11,957 | -8.6% |
| Other amounts receivable | 41 | €7,480 | €7,165 | -€315 | -4.2% |
| Current investments | 50/53 | €163,168 | €163,168 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €257,418 | €271,431 | +€14,013 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,588 | €6,780 | +€5,192 | +327% |
| Total equity and liabilities | 10/49 | €995,577 | €1,046,077 | +€50,500 | +5.1% |
| Equity | 10/15 | €486,845 | €562,855 | +€76,010 | +15.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €424,845 | €500,855 | +€76,010 | +17.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €418,645 | €494,655 | +€76,010 | +18.2% |
| Amounts payable | 17/49 | €508,732 | €483,222 | -€25,510 | -5.0% |
| Amounts payable after more than one year | 17 | €246,168 | €203,124 | -€43,044 | -17.5% |
| Financial debts | 170/4 | €246,168 | €203,124 | -€43,044 | -17.5% |
| Amounts payable within one year | 42/48 | €258,746 | €276,337 | +€17,592 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €55,440 | €37,062 | -€18,378 | -33.1% |
| Trade debts | 44 | €89,731 | €104,896 | +€15,166 | +16.9% |
| Suppliers | 440/4 | €89,731 | €104,896 | +€15,166 | +16.9% |
| Taxes, remuneration and social security | 45 | €46,223 | €49,252 | +€3,029 | +6.6% |
| Taxes | 450/3 | €37,153 | €41,092 | +€3,939 | +10.6% |
| Remuneration and social security | 454/9 | €9,070 | €8,159 | -€910 | -10.0% |
| Other amounts payable | 47/48 | €67,352 | €85,127 | +€17,775 | +26.4% |
| Accrued charges and deferred income | 492/3 | €3,819 | €3,761 | -€58 | -1.5% |
| Remuneration, social security and pensions | 62 | €42,412 | €47,497 | +€5,085 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,962 | €27,355 | -€24,607 | -47.4% |
| Other operating charges | 640/8 | €4,070 | €6,420 | +€2,350 | +57.7% |
| Gross operating margin | 9900 | €282,945 | €286,517 | +€3,571 | +1.3% |
| Operating profit (loss) | 9901 | €184,502 | €205,245 | +€20,743 | +11.2% |
| Financial income | 75/76B | €5,911 | €6,391 | +€480 | +8.1% |
| Recurring financial income | 75 | €5,911 | €6,391 | +€480 | +8.1% |
| Financial charges | 65/66B | €27,732 | €23,830 | -€3,902 | -14.1% |
| Recurring financial charges | 65 | €27,732 | €23,830 | -€3,902 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €162,680 | €187,806 | +€25,126 | +15.4% |
| Transfer from deferred taxes | 780 | €1,614 | - | -€1,614 | |
| Income taxes | 67/77 | €50,982 | €56,567 | +€5,586 | +11.0% |
| Profit (loss) for the period | 9904 | €113,313 | €131,239 | +€17,925 | +15.8% |
| Transfer from tax-exempt reserves | 789 | €4,843 | - | -€4,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €118,156 | €131,239 | +€13,082 | +11.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.