Apotheek P. Maenhaut: 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 P. Maenhaut
Largest movements
- Cash +€54,864
up €54,864 (+39.8%), from €137,923 to €192,787
mainly Net result for the year (+€60,166) and Depreciation (+€24,560)
- Tangible fixed assets -€23,865
down €23,865 (-12.5%), from €191,627 to €167,761
of which Land and buildings: -€15,649
- Stocks and contracts -€8,394
down €8,394 (-9.0%), from €93,112 to €84,718
- Receivables within one year +€5,631
up €5,631 (+35.2%), from €15,978 to €21,609
of which Other amounts receivable: +€5,602
- Reserves +€42,665
up €42,665 (+16.0%), from €266,120 to €308,785
- Debts after one year -€19,875
down €19,875 (-13.8%), from €144,516 to €124,641
No income-statement line moved by more than 1% of the activity.
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 | €494,744 | €518,236 | +€23,492 | +4.7% |
| Fixed assets | 21/28 | €191,627 | €167,761 | -€23,865 | -12.5% |
| Tangible fixed assets | 22/27 | €191,627 | €167,761 | -€23,865 | -12.5% |
| Land and buildings | 22 | €175,689 | €160,040 | -€15,649 | -8.9% |
| Furniture and vehicles | 24 | €15,937 | €7,721 | -€8,216 | -51.6% |
| Current assets | 29/58 | €303,118 | €350,475 | +€47,357 | +15.6% |
| Stocks and contracts in progress | 3 | €93,112 | €84,718 | -€8,394 | -9.0% |
| Stocks | 30/36 | €93,112 | €84,718 | -€8,394 | -9.0% |
| Amounts receivable within one year | 40/41 | €15,978 | €21,609 | +€5,631 | +35.2% |
| Trade receivables | 40 | - | €29 | +€29 | |
| Other amounts receivable | 41 | €15,978 | €21,580 | +€5,602 | +35.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €137,923 | €192,787 | +€54,864 | +39.8% |
| Deferred charges and accrued income | 490/1 | €55,855 | €51,111 | -€4,745 | -8.5% |
| Total equity and liabilities | 10/49 | €494,744 | €518,236 | +€23,492 | +4.7% |
| Equity | 10/15 | €279,837 | €322,503 | +€42,666 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €266,120 | €308,785 | +€42,665 | +16.0% |
| Distributable reserves | 133 | €266,120 | €308,785 | +€42,665 | +16.0% |
| Profit (loss) carried forward | 14 | €1,317 | €1,318 | +€1 | +0.1% |
| Amounts payable | 17/49 | €214,908 | €195,734 | -€19,174 | -8.9% |
| Amounts payable after more than one year | 17 | €144,516 | €124,641 | -€19,875 | -13.8% |
| Financial debts | 170/4 | €144,516 | €124,641 | -€19,875 | -13.8% |
| Amounts payable within one year | 42/48 | €70,392 | €71,092 | +€701 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €19,099 | €19,875 | +€775 | +4.1% |
| Trade debts | 44 | €35,148 | €30,364 | -€4,783 | -13.6% |
| Suppliers | 440/4 | €35,148 | €30,364 | -€4,783 | -13.6% |
| Taxes, remuneration and social security | 45 | €16,145 | €20,853 | +€4,708 | +29.2% |
| Taxes | 450/3 | €10,254 | €14,882 | +€4,628 | +45.1% |
| Remuneration and social security | 454/9 | €5,891 | €5,971 | +€80 | +1.4% |
| Remuneration, social security and pensions | 62 | €41,005 | €41,581 | +€576 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,126 | €24,560 | +€434 | +1.8% |
| Other operating charges | 640/8 | €1,041 | €1,284 | +€242 | +23.2% |
| Gross operating margin | 9900 | €156,159 | €157,717 | +€1,558 | +1.0% |
| Operating profit (loss) | 9901 | €89,986 | €90,293 | +€306 | +0.3% |
| Financial income | 75/76B | €2,450 | €1,218 | -€1,232 | -50.3% |
| Recurring financial income | 75 | €2,450 | €1,218 | -€1,232 | -50.3% |
| Financial charges | 65/66B | €7,245 | €6,380 | -€865 | -11.9% |
| Recurring financial charges | 65 | €7,245 | €6,380 | -€865 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €85,191 | €85,130 | -€61 | -0.1% |
| Income taxes | 67/77 | €24,953 | €24,964 | +€11 | 0.0% |
| Profit (loss) for the period | 9904 | €60,238 | €60,166 | -€72 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,238 | €60,166 | -€72 | -0.1% |
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 27 October 2026 via checked.be.