APOTHEEK MUIZEN: what changed
APOTHEEK MUIZEN
Largest movements
- Tangible fixed assets -€59,099
down €59,099 (-11.2%), from €526,772 to €467,673
- Receivables within one year +€39,435
up €39,435 (+52.0%), from €75,873 to €115,307
of which Trade receivables: +€36,385
- Stocks and contracts +€37,596
up €37,596 (+17.1%), from €220,312 to €257,908
- Cash -€35,986
down €35,986 (-47.2%), from €76,209 to €40,223
mainly Debts after one year (-€102,063) and Contributions, distributions and other (-€45,027)
- Debts after one year -€102,063
down €102,063 (-19.8%), from €515,590 to €413,527
- Current portion of long-term debt +€59,211
up €59,211 (+105%), from €56,219 to €115,430
- Reserves +€25,674
up €25,674 (+10.9%), from €234,600 to €260,274
- Tax, wage and social debts -€10,050
down €10,050 (-39.9%), from €25,218 to €15,168
of which Remuneration and social security: -€12,220
- Gross operating margin +€44,590
up €44,590 (+20.1%), from €222,230 to €266,820
- Taxes +€13,196
up €13,196 (+88.5%), from €14,910 to €28,105
- Financial income -€8,069
down €8,069 (-83.6%), from €9,652 to €1,584
- Financial charges -€4,453
down €4,453 (-22.7%), from €19,611 to €15,158
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 | €916,271 | €901,594 | -€14,677 | -1.6% |
| Fixed assets | 21/28 | €536,730 | €476,902 | -€59,827 | -11.1% |
| Intangible fixed assets | 21 | €3,325 | €2,597 | -€728 | -21.9% |
| Tangible fixed assets | 22/27 | €526,772 | €467,673 | -€59,099 | -11.2% |
| Land and buildings | 22 | €366,760 | €339,910 | -€26,849 | -7.3% |
| Plant, machinery and equipment | 23 | €100,486 | €85,248 | -€15,237 | -15.2% |
| Furniture and vehicles | 24 | €59,527 | €42,514 | -€17,013 | -28.6% |
| Financial fixed assets | 28 | €6,633 | €6,633 | = | 0.0% |
| Current assets | 29/58 | €379,541 | €424,691 | +€45,150 | +11.9% |
| Stocks and contracts in progress | 3 | €220,312 | €257,908 | +€37,596 | +17.1% |
| Stocks | 30/36 | €220,312 | €257,908 | +€37,596 | +17.1% |
| Amounts receivable within one year | 40/41 | €75,873 | €115,307 | +€39,435 | +52.0% |
| Trade receivables | 40 | €65,723 | €102,107 | +€36,385 | +55.4% |
| Other amounts receivable | 41 | €10,150 | €13,200 | +€3,050 | +30.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €76,209 | €40,223 | -€35,986 | -47.2% |
| Deferred charges and accrued income | 490/1 | €7,147 | €11,253 | +€4,106 | +57.5% |
| Total equity and liabilities | 10/49 | €916,271 | €901,594 | -€14,677 | -1.6% |
| Equity | 10/15 | €254,600 | €280,274 | +€25,674 | +10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €234,600 | €260,274 | +€25,674 | +10.9% |
| Distributable reserves | 133 | €234,600 | €260,274 | +€25,674 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €661,671 | €621,320 | -€40,351 | -6.1% |
| Amounts payable after more than one year | 17 | €515,590 | €413,527 | -€102,063 | -19.8% |
| Financial debts | 170/4 | €515,590 | €413,527 | -€102,063 | -19.8% |
| Amounts payable within one year | 42/48 | €144,984 | €206,652 | +€61,668 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €56,219 | €115,430 | +€59,211 | +105% |
| Trade debts | 44 | €48,716 | €57,002 | +€8,286 | +17.0% |
| Suppliers | 440/4 | €48,716 | €57,002 | +€8,286 | +17.0% |
| Taxes, remuneration and social security | 45 | €25,218 | €15,168 | -€10,050 | -39.9% |
| Taxes | 450/3 | €7,414 | €9,584 | +€2,170 | +29.3% |
| Remuneration and social security | 454/9 | €17,804 | €5,584 | -€12,220 | -68.6% |
| Other amounts payable | 47/48 | €14,831 | €19,052 | +€4,221 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,097 | €1,141 | +€44 | +4.0% |
| Remuneration, social security and pensions | 62 | €87,476 | €89,505 | +€2,029 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,797 | €64,489 | -€1,308 | -2.0% |
| Other operating charges | 640/8 | €1,139 | €445 | -€694 | -60.9% |
| Gross operating margin | 9900 | €222,230 | €266,820 | +€44,590 | +20.1% |
| Operating profit (loss) | 9901 | €67,818 | €112,380 | +€44,562 | +65.7% |
| Financial income | 75/76B | €9,652 | €1,584 | -€8,069 | -83.6% |
| Recurring financial income | 75 | €9,652 | €1,584 | -€8,069 | -83.6% |
| Financial charges | 65/66B | €19,611 | €15,158 | -€4,453 | -22.7% |
| Recurring financial charges | 65 | €19,611 | €15,158 | -€4,453 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €57,860 | €98,807 | +€40,947 | +70.8% |
| Income taxes | 67/77 | €14,910 | €28,105 | +€13,196 | +88.5% |
| Profit (loss) for the period | 9904 | €42,950 | €70,701 | +€27,751 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,950 | €70,701 | +€27,751 | +64.6% |
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 3 November 2026 via checked.be.