Apotheek Meeussen: what changed
What changed
Apotheek Meeussen
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€100,269
2024 · €112,000-€11,731
Equity
€264,344
2024 · €165,749+€98,595
Cash
€164,316
2024 · €139,485+€24,831
Balance sheet total
€1.1m
2024 · €1.2m-€9,240
Largest movements
Assets
- Tangible fixed assets -€59,952
down €59,952 (-9.0%), from €667,358 to €607,406
of which Land and buildings: -€46,378
- Cash +€24,831
up €24,831 (+17.8%), from €139,485 to €164,316
mainly Net result for the year (+€100,269) and Depreciation (+€61,118)
- Receivables within one year +€17,462
up €17,462 (+13.5%), from €129,097 to €146,558
of which Other amounts receivable: +€11,157
Equity and liabilities
- Reserves +€98,595
up €98,595 (+67.0%), from €147,149 to €245,744
- Debts after one year -€67,403
down €67,403 (-18.3%), from €369,077 to €301,673
- Other debts -€40,714
down €40,714 (-11.2%), from €362,030 to €321,316
Income statement
- Taxes +€19,305
new in 2025: €19,305
- Gross operating margin +€7,618
up €7,618 (+1.8%), from €428,647 to €436,265
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.
Result 2024
€112,000
Gross operating margin
+€7,618
Staff costs
-€4,318
Depreciation
+€2,638
Other operating charges
-€1,242
Other operating items
-€994
Financial charges
+€3,873
Taxes
-€19,305
Result 2025
€100,269
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€93,730
Investment
-€1,166
Financing
-€67,733
Cash 2024
€139,485
From operations (derived)
+€93,730
Net result for the year
+€100,269
Depreciation
+€61,118
Stocks and contracts
-€5,363
Receivables within one year
-€17,462
Deferred charges and accrued income
-€3,056
Trade debts
-€2,501
Tax, wage and social debts
+€2,102
Other debts
-€40,714
Accrued charges and deferred income
-€663
Investment (derived)
-€1,166
Investment in fixed assets (net)
-€1,166
Financing
-€67,733
Debts after one year
-€67,403
Current portion of long-term debt
+€1,344
Contributions, distributions and other
-€1,674
Cash 2025
€164,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,157,427 | €1,148,187 | -€9,240 | -0.8% |
| Fixed assets | 21/28 | €672,738 | €612,786 | -€59,952 | -8.9% |
| Tangible fixed assets | 22/27 | €667,358 | €607,406 | -€59,952 | -9.0% |
| Land and buildings | 22 | €614,380 | €568,001 | -€46,378 | -7.5% |
| Plant, machinery and equipment | 23 | €47,182 | €36,842 | -€10,340 | -21.9% |
| Furniture and vehicles | 24 | €5,797 | €2,563 | -€3,234 | -55.8% |
| Financial fixed assets | 28 | €5,380 | €5,380 | = | 0.0% |
| Current assets | 29/58 | €484,688 | €535,400 | +€50,712 | +10.5% |
| Stocks and contracts in progress | 3 | €180,621 | €185,984 | +€5,363 | +3.0% |
| Stocks | 30/36 | €180,621 | €185,984 | +€5,363 | +3.0% |
| Amounts receivable within one year | 40/41 | €129,097 | €146,558 | +€17,462 | +13.5% |
| Trade receivables | 40 | €128,559 | €134,864 | +€6,305 | +4.9% |
| Other amounts receivable | 41 | €538 | €11,695 | +€11,157 | +2,074% |
| Cash at bank and in hand | 54/58 | €139,485 | €164,316 | +€24,831 | +17.8% |
| Deferred charges and accrued income | 490/1 | €35,486 | €38,542 | +€3,056 | +8.6% |
| Total equity and liabilities | 10/49 | €1,157,427 | €1,148,187 | -€9,240 | -0.8% |
| Equity | 10/15 | €165,749 | €264,344 | +€98,595 | +59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,149 | €245,744 | +€98,595 | +67.0% |
| Distributable reserves | 133 | €147,149 | €245,744 | +€98,595 | +67.0% |
| Amounts payable | 17/49 | €991,678 | €883,843 | -€107,835 | -10.9% |
| Amounts payable after more than one year | 17 | €369,077 | €301,673 | -€67,403 | -18.3% |
| Financial debts | 170/4 | €369,077 | €301,673 | -€67,403 | -18.3% |
| Amounts payable within one year | 42/48 | €619,108 | €579,340 | -€39,769 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €66,059 | €67,403 | +€1,344 | +2.0% |
| Trade debts | 44 | €157,327 | €154,826 | -€2,501 | -1.6% |
| Suppliers | 440/4 | €157,327 | €154,826 | -€2,501 | -1.6% |
| Taxes, remuneration and social security | 45 | €33,692 | €35,794 | +€2,102 | +6.2% |
| Taxes | 450/3 | €5,890 | €7,110 | +€1,221 | +20.7% |
| Remuneration and social security | 454/9 | €27,803 | €28,684 | +€882 | +3.2% |
| Other amounts payable | 47/48 | €362,030 | €321,316 | -€40,714 | -11.2% |
| Accrued charges and deferred income | 492/3 | €3,493 | €2,830 | -€663 | -19.0% |
| Remuneration, social security and pensions | 62 | €229,104 | €233,422 | +€4,318 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,756 | €61,118 | -€2,638 | -4.1% |
| Other operating charges | 640/8 | €260 | €1,502 | +€1,242 | +477% |
| Non-recurring operating charges | 66A | - | €994 | +€994 | |
| Gross operating margin | 9900 | €428,647 | €436,265 | +€7,618 | +1.8% |
| Operating profit (loss) | 9901 | €135,528 | €139,229 | +€3,702 | +2.7% |
| Financial charges | 65/66B | €25,202 | €21,329 | -€3,873 | -15.4% |
| Recurring financial charges | 65 | €25,202 | €21,329 | -€3,873 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €110,326 | €117,900 | +€7,575 | +6.9% |
| Transfer from deferred taxes | 780 | €1,674 | €1,674 | = | 0.0% |
| Income taxes | 67/77 | - | €19,305 | +€19,305 | |
| Profit (loss) for the period | 9904 | €112,000 | €100,269 | -€11,731 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,000 | €100,269 | -€11,731 | -10.5% |
Next steps
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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 2 November 2026 via checked.be.