Apotheek Merchtem DF: 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 Merchtem DF
Largest movements
- Tangible fixed assets +€465,642
up €465,642 (+643%), from €72,386 to €538,029
of which Land and buildings: +€307,615
- Current investments -€75,000
down €75,000 (-32.8%), from €228,887 to €153,887
- Cash +€46,557
up €46,557 (+27.5%), from €169,184 to €215,741
mainly Debts after one year (+€442,812) and Net result for the year (+€109,990)
- Receivables within one year +€27,341
up €27,341 (+14.4%), from €189,522 to €216,863
of which Trade receivables: +€17,769
- Debts after one year +€442,812
new in 2025: €442,812
- Other debts +€68,528
up €68,528 (+160%), from €42,697 to €111,225
- Profit (loss) carried forward -€65,010
down €65,010 (-23.9%), from €272,024 to €207,014
- Current portion of long-term debt +€55,844
new in 2025: €55,844
- Trade debts -€36,442
down €36,442 (-8.6%), from €423,780 to €387,338
- Gross operating margin +€61,487
up €61,487 (+17.1%), from €360,052 to €421,539
- Depreciation +€57,774
up €57,774 (+2,442%), from €2,366 to €60,140
- Staff costs +€44,409
up €44,409 (+30.9%), from €143,707 to €188,116
- Taxes -€24,671
down €24,671 (-52.2%), from €47,246 to €22,575
- Financial charges +€10,915
up €10,915 (+31.8%), from €34,277 to €45,192
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 | €898,942 | €1,362,270 | +€463,329 | +51.5% |
| Fixed assets | 21/28 | €79,435 | €545,077 | +€465,642 | +586% |
| Tangible fixed assets | 22/27 | €72,386 | €538,029 | +€465,642 | +643% |
| Land and buildings | 22 | €62,288 | €369,903 | +€307,615 | +494% |
| Plant, machinery and equipment | 23 | €1,170 | €11,747 | +€10,577 | +904% |
| Furniture and vehicles | 24 | €8,928 | €19,236 | +€10,308 | +115% |
| Leasing and similar rights | 25 | - | €137,143 | +€137,143 | |
| Financial fixed assets | 28 | €7,049 | €7,049 | = | 0.0% |
| Current assets | 29/58 | €819,507 | €817,193 | -€2,314 | -0.3% |
| Stocks and contracts in progress | 3 | €228,894 | €224,597 | -€4,297 | -1.9% |
| Stocks | 30/36 | €228,894 | €224,597 | -€4,297 | -1.9% |
| Amounts receivable within one year | 40/41 | €189,522 | €216,863 | +€27,341 | +14.4% |
| Trade receivables | 40 | €118,919 | €136,688 | +€17,769 | +14.9% |
| Other amounts receivable | 41 | €70,603 | €80,175 | +€9,572 | +13.6% |
| Current investments | 50/53 | €228,887 | €153,887 | -€75,000 | -32.8% |
| Cash at bank and in hand | 54/58 | €169,184 | €215,741 | +€46,557 | +27.5% |
| Deferred charges and accrued income | 490/1 | €3,021 | €6,106 | +€3,085 | +102% |
| Total equity and liabilities | 10/49 | €898,942 | €1,362,270 | +€463,329 | +51.5% |
| Equity | 10/15 | €418,883 | €353,874 | -€65,010 | -15.5% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,024 | €207,014 | -€65,010 | -23.9% |
| Amounts payable | 17/49 | €480,058 | €1,008,397 | +€528,338 | +110% |
| Amounts payable after more than one year | 17 | - | €442,812 | +€442,812 | |
| Financial debts | 170/4 | - | €442,812 | +€442,812 | |
| Amounts payable within one year | 42/48 | €480,058 | €565,584 | +€85,526 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | - | €55,844 | +€55,844 | |
| Trade debts | 44 | €423,780 | €387,338 | -€36,442 | -8.6% |
| Suppliers | 440/4 | €423,780 | €387,338 | -€36,442 | -8.6% |
| Taxes, remuneration and social security | 45 | €13,581 | €11,177 | -€2,404 | -17.7% |
| Taxes | 450/3 | €723 | €930 | +€207 | +28.7% |
| Remuneration and social security | 454/9 | €12,858 | €10,247 | -€2,611 | -20.3% |
| Other amounts payable | 47/48 | €42,697 | €111,225 | +€68,528 | +160% |
| Remuneration, social security and pensions | 62 | €143,707 | €188,116 | +€44,409 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,366 | €60,140 | +€57,774 | +2,442% |
| Other operating charges | 640/8 | €1,136 | €575 | -€561 | -49.4% |
| Gross operating margin | 9900 | €360,052 | €421,539 | +€61,487 | +17.1% |
| Operating profit (loss) | 9901 | €212,843 | €172,708 | -€40,135 | -18.9% |
| Financial income | 75/76B | €4,470 | €5,050 | +€579 | +13.0% |
| Recurring financial income | 75 | €4,470 | €5,050 | +€579 | +13.0% |
| Financial charges | 65/66B | €34,277 | €45,192 | +€10,915 | +31.8% |
| Recurring financial charges | 65 | €34,277 | €45,192 | +€10,915 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €183,036 | €132,565 | -€50,471 | -27.6% |
| Income taxes | 67/77 | €47,246 | €22,575 | -€24,671 | -52.2% |
| Profit (loss) for the period | 9904 | €135,790 | €109,990 | -€25,800 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135,790 | €109,990 | -€25,800 | -19.0% |
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 31 October 2026 via checked.be.