APOTHEEK NOTEBAERT: 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 NOTEBAERT
Largest movements
- Tangible fixed assets -€67,930
down €67,930 (-4.2%), from €1.6m to €1.5m
of which Land and buildings: -€44,632
- Cash +€26,011
up €26,011 (+51.8%), from €50,204 to €76,215
mainly Depreciation (+€79,427) and Current portion of long-term debt (+€35,960)
- Debts after one year -€49,160
down €49,160 (-2.7%), from €1.8m to €1.8m
of which Financial debts: -€35,960
- Profit (loss) carried forward -€37,266
down €37,266 (-26.2%), from -€142,453 to -€179,719
- Current portion of long-term debt +€35,960
up €35,960 (+101.5%), from €35,425 to €71,386
- Staff costs +€12,911
up €12,911 (+3.8%), from €337,273 to €350,184
- Gross operating margin +€5,501
up €5,501 (+1.3%), from €416,454 to €421,954
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.
Cash bridge derived
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 | €2,014,767 | €1,977,234 | -€37,534 | -1.9% |
| Fixed assets | 21/28 | €1,600,961 | €1,533,031 | -€67,930 | -4.2% |
| Tangible fixed assets | 22/27 | €1,600,961 | €1,533,031 | -€67,930 | -4.2% |
| Land and buildings | 22 | €1,434,250 | €1,389,618 | -€44,632 | -3.1% |
| Plant, machinery and equipment | 23 | €132,703 | €119,786 | -€12,918 | -9.7% |
| Furniture and vehicles | 24 | €34,007 | €23,628 | -€10,380 | -30.5% |
| Current assets | 29/58 | €413,806 | €444,203 | +€30,396 | +7.3% |
| Stocks and contracts in progress | 3 | €229,897 | €240,662 | +€10,764 | +4.7% |
| Stocks | 30/36 | €229,897 | €240,662 | +€10,764 | +4.7% |
| Amounts receivable within one year | 40/41 | €125,202 | €118,403 | -€6,799 | -5.4% |
| Trade receivables | 40 | €123,171 | €117,869 | -€5,302 | -4.3% |
| Other amounts receivable | 41 | €2,030 | €534 | -€1,497 | -73.7% |
| Cash at bank and in hand | 54/58 | €50,204 | €76,215 | +€26,011 | +51.8% |
| Deferred charges and accrued income | 490/1 | €8,503 | €8,923 | +€420 | +4.9% |
| Total equity and liabilities | 10/49 | €2,014,767 | €1,977,234 | -€37,534 | -1.9% |
| Equity | 10/15 | -€14,282 | -€51,548 | -€37,266 | -260.9% |
| Contributions | 10/11 | €121,973 | €121,973 | = | 0.0% |
| Capital | 10 | €121,973 | €121,973 | = | 0.0% |
| Issued capital | 100 | €121,973 | €121,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,453 | -€179,719 | -€37,266 | -26.2% |
| Amounts payable | 17/49 | €2,029,050 | €2,028,782 | -€268 | 0.0% |
| Amounts payable after more than one year | 17 | €1,831,700 | €1,782,540 | -€49,160 | -2.7% |
| Financial debts | 170/4 | €1,604,575 | €1,568,614 | -€35,960 | -2.2% |
| Other amounts payable | 178/9 | €227,126 | €213,926 | -€13,200 | -5.8% |
| Amounts payable within one year | 42/48 | €197,237 | €246,242 | +€49,005 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €35,425 | €71,386 | +€35,960 | +101.5% |
| Trade debts | 44 | €88,218 | €105,205 | +€16,987 | +19.3% |
| Suppliers | 440/4 | €88,218 | €105,205 | +€16,987 | +19.3% |
| Taxes, remuneration and social security | 45 | €41,993 | €45,051 | +€3,058 | +7.3% |
| Taxes | 450/3 | €1,672 | €2,617 | +€945 | +56.5% |
| Remuneration and social security | 454/9 | €40,322 | €42,435 | +€2,113 | +5.2% |
| Other amounts payable | 47/48 | €31,600 | €24,600 | -€7,000 | -22.2% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100.0% |
| Remuneration, social security and pensions | 62 | €337,273 | €350,184 | +€12,911 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,381 | €79,427 | +€46 | +0.1% |
| Other operating charges | 640/8 | €5,189 | €5,138 | -€51 | -1.0% |
| Gross operating margin | 9900 | €416,454 | €421,954 | +€5,501 | +1.3% |
| Operating profit (loss) | 9901 | -€5,389 | -€12,794 | -€7,405 | -137.4% |
| Financial income | 75/76B | €1,886 | €3,218 | +€1,332 | +70.6% |
| Recurring financial income | 75 | €1,886 | €3,218 | +€1,332 | +70.6% |
| Financial charges | 65/66B | €28,347 | €27,690 | -€657 | -2.3% |
| Recurring financial charges | 65 | €28,347 | €27,690 | -€657 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,850 | -€37,266 | -€5,416 | -17.0% |
| Profit (loss) for the period | 9904 | -€31,850 | -€37,266 | -€5,416 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,850 | -€37,266 | -€5,416 | -17.0% |
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 10 October 2026 via checked.be.