APOTHEEK MOEREMANS: 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 MOEREMANS
Largest movements
- Receivables within one year +€96,878
up €96,878 (+40,356%), from €240 to €97,118
of which Trade receivables: +€96,939
- Deferred charges and accrued income -€59,994
down €59,994 (-95.7%), from €62,679 to €2,685
- Tangible fixed assets -€20,523
down €20,523 (-27.2%), from €75,487 to €54,963
of which Plant, machinery and equipment: -€19,794
- Current investments +€18,116
up €18,116 (+121%), from €15,004 to €33,120
- Stocks and contracts +€11,156
up €11,156 (+4.3%), from €260,560 to €271,716
- Reserves +€50,000
up €50,000 (+37.1%), from €134,875 to €184,875
- Other debts -€35,319
down €35,319 (-16.3%), from €216,205 to €180,886
- Trade debts +€29,514
up €29,514 (+182%), from €16,219 to €45,733
- Tax, wage and social debts +€20,839
up €20,839 (+243%), from €8,577 to €29,416
- Debts after one year -€11,154
no longer reported in 2025 (was €11,154)
- Gross operating margin +€40,715
up €40,715 (+66.3%), from €61,402 to €102,118
- Taxes +€11,730
up €11,730 (+111%), from €10,591 to €22,322
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 | €542,460 | €590,537 | +€48,077 | +8.9% |
| Fixed assets | 21/28 | €82,029 | €61,505 | -€20,523 | -25.0% |
| Tangible fixed assets | 22/27 | €75,487 | €54,963 | -€20,523 | -27.2% |
| Plant, machinery and equipment | 23 | €74,757 | €54,963 | -€19,794 | -26.5% |
| Furniture and vehicles | 24 | €147 | - | -€147 | |
| Other tangible fixed assets | 26 | €582 | - | -€582 | |
| Financial fixed assets | 28 | €6,542 | €6,542 | = | 0.0% |
| Current assets | 29/58 | €460,431 | €529,032 | +€68,601 | +14.9% |
| Stocks and contracts in progress | 3 | €260,560 | €271,716 | +€11,156 | +4.3% |
| Stocks | 30/36 | €260,560 | €271,716 | +€11,156 | +4.3% |
| Amounts receivable within one year | 40/41 | €240 | €97,118 | +€96,878 | +40,356% |
| Trade receivables | 40 | €179 | €97,118 | +€96,939 | +54,035% |
| Other amounts receivable | 41 | €61 | - | -€61 | |
| Current investments | 50/53 | €15,004 | €33,120 | +€18,116 | +121% |
| Cash at bank and in hand | 54/58 | €121,948 | €124,392 | +€2,444 | +2.0% |
| Deferred charges and accrued income | 490/1 | €62,679 | €2,685 | -€59,994 | -95.7% |
| Total equity and liabilities | 10/49 | €542,460 | €590,537 | +€48,077 | +8.9% |
| Equity | 10/15 | €266,450 | €321,605 | +€55,155 | +20.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €134,875 | €184,875 | +€50,000 | +37.1% |
| Distributable reserves | 133 | €134,875 | €184,875 | +€50,000 | +37.1% |
| Profit (loss) carried forward | 14 | €112,825 | €117,980 | +€5,155 | +4.6% |
| Amounts payable | 17/49 | €276,010 | €268,933 | -€7,077 | -2.6% |
| Amounts payable after more than one year | 17 | €11,154 | - | -€11,154 | |
| Financial debts | 170/4 | €11,154 | - | -€11,154 | |
| Amounts payable within one year | 42/48 | €264,856 | €268,933 | +€4,077 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €22,100 | €11,154 | -€10,946 | -49.5% |
| Financial debts | 43 | €1,755 | €1,744 | -€10 | -0.6% |
| Credit institutions | 430/8 | €1,755 | €1,744 | -€10 | -0.6% |
| Trade debts | 44 | €16,219 | €45,733 | +€29,514 | +182% |
| Suppliers | 440/4 | €16,219 | €45,733 | +€29,514 | +182% |
| Taxes, remuneration and social security | 45 | €8,577 | €29,416 | +€20,839 | +243% |
| Taxes | 450/3 | €8,577 | €29,416 | +€20,839 | +243% |
| Other amounts payable | 47/48 | €216,205 | €180,886 | -€35,319 | -16.3% |
| Remuneration, social security and pensions | 62 | €110 | - | -€110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,980 | €20,523 | -€457 | -2.2% |
| Other operating charges | 640/8 | €1,334 | €1,368 | +€34 | +2.5% |
| Gross operating margin | 9900 | €61,402 | €102,118 | +€40,715 | +66.3% |
| Operating profit (loss) | 9901 | €38,978 | €80,227 | +€41,248 | +106% |
| Financial income | 75/76B | €52 | €222 | +€170 | +325% |
| Recurring financial income | 75 | €52 | €222 | +€170 | +325% |
| Financial charges | 65/66B | €3,387 | €2,972 | -€415 | -12.3% |
| Recurring financial charges | 65 | €3,387 | €2,972 | -€415 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €35,643 | €77,476 | +€41,833 | +117% |
| Income taxes | 67/77 | €10,591 | €22,322 | +€11,730 | +111% |
| Profit (loss) for the period | 9904 | €25,052 | €55,155 | +€30,103 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €25,052 | €55,155 | +€30,103 | +120% |
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.