APOTHEEK PALEIS: what changed
What changed
APOTHEEK PALEIS
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€34,080
2024 · -€14,961+€49,041
Equity
€21,328
2024 · -€2,752+€24,080
Cash
€70,192
2024 · €39,063+€31,129
Balance sheet total
€1.6m
2024 · €1.6m-€32,787
Largest movements
Assets
- Tangible fixed assets -€63,028
down €63,028 (-4.8%), from €1.3m to €1.2m
of which Land and buildings: -€44,336
- Cash +€31,129
up €31,129 (+79.7%), from €39,063 to €70,192
mainly Short-term financial debts (+€150,000) and Depreciation (+€73,626)
Equity and liabilities
- Short-term financial debts +€150,000
new in 2025: €150,000
- Other debts -€108,087
down €108,087 (-91.5%), from €118,087 to €10,000
- Debts after one year -€88,226
down €88,226 (-8.1%), from €1.1m to €998,962
- Profit (loss) carried forward +€16,252
up €16,252, from -€16,252 to €0
Income statement
- Staff costs -€29,928
down €29,928 (-25.5%), from €117,400 to €87,472
- Gross operating margin +€22,895
up €22,895 (+11.2%), from €203,599 to €226,494
- Taxes +€3,444
new in 2025: €3,444
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.
Result 2024
-€14,961
Gross operating margin
+€22,895
Staff costs
+€29,928
Depreciation
-€309
Other operating charges
-€119
Financial income
-€1,385
Financial charges
+€1,474
Taxes
-€3,444
Result 2025
€34,080
raises the resultlowers the result
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.
From operations
-€10,644
Investment
-€5,598
Financing
+€47,371
Cash 2024
€39,063
From operations (derived)
-€10,644
Net result for the year
+€34,080
Depreciation
+€73,626
Stocks and contracts
+€2,995
Receivables within one year
-€12,179
Deferred charges and accrued income
+€5,072
Trade debts
+€3,460
Tax, wage and social debts
-€9,543
Other debts
-€108,087
Accrued charges and deferred income
-€69
Investment (derived)
-€5,598
Investment in fixed assets (net)
-€5,598
Financing
+€47,371
Debts after one year
-€88,226
Current portion of long-term debt
-€4,403
Short-term financial debts
+€150,000
Contributions, distributions and other
-€10,000
Cash 2025
€70,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,978 | €1,586,191 | -€32,787 | -2.0% |
| Fixed assets | 21/28 | €1,345,301 | €1,277,273 | -€68,028 | -5.1% |
| Intangible fixed assets | 21 | €32,460 | €27,460 | -€5,000 | -15.4% |
| Tangible fixed assets | 22/27 | €1,312,841 | €1,249,813 | -€63,028 | -4.8% |
| Land and buildings | 22 | €1,205,253 | €1,160,917 | -€44,336 | -3.7% |
| Plant, machinery and equipment | 23 | €17,586 | €14,564 | -€3,023 | -17.2% |
| Furniture and vehicles | 24 | €90,002 | €74,333 | -€15,670 | -17.4% |
| Current assets | 29/58 | €273,677 | €308,918 | +€35,241 | +12.9% |
| Stocks and contracts in progress | 3 | €156,067 | €153,072 | -€2,995 | -1.9% |
| Stocks | 30/36 | €156,067 | €153,072 | -€2,995 | -1.9% |
| Amounts receivable within one year | 40/41 | €68,782 | €80,961 | +€12,179 | +17.7% |
| Trade receivables | 40 | €57,684 | €56,545 | -€1,139 | -2.0% |
| Other amounts receivable | 41 | €11,098 | €24,416 | +€13,318 | +120% |
| Cash at bank and in hand | 54/58 | €39,063 | €70,192 | +€31,129 | +79.7% |
| Deferred charges and accrued income | 490/1 | €9,765 | €4,692 | -€5,072 | -51.9% |
| Total equity and liabilities | 10/49 | €1,618,978 | €1,586,191 | -€32,787 | -2.0% |
| Equity | 10/15 | -€2,752 | €21,328 | +€24,080 | |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | - | €7,828 | +€7,828 | |
| Distributable reserves | 133 | - | €7,828 | +€7,828 | |
| Profit (loss) carried forward | 14 | -€16,252 | €0 | +€16,252 | |
| Amounts payable | 17/49 | €1,621,730 | €1,564,863 | -€56,867 | -3.5% |
| Amounts payable after more than one year | 17 | €1,087,188 | €998,962 | -€88,226 | -8.1% |
| Financial debts | 170/4 | €1,087,188 | €998,962 | -€88,226 | -8.1% |
| Amounts payable within one year | 42/48 | €532,932 | €564,359 | +€31,427 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €96,720 | €92,317 | -€4,403 | -4.6% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €299,954 | €303,414 | +€3,460 | +1.2% |
| Suppliers | 440/4 | €299,954 | €303,414 | +€3,460 | +1.2% |
| Taxes, remuneration and social security | 45 | €18,171 | €8,628 | -€9,543 | -52.5% |
| Taxes | 450/3 | €2,991 | €0 | -€2,991 | -100% |
| Remuneration and social security | 454/9 | €15,180 | €8,628 | -€6,552 | -43.2% |
| Other amounts payable | 47/48 | €118,087 | €10,000 | -€108,087 | -91.5% |
| Accrued charges and deferred income | 492/3 | €1,610 | €1,542 | -€69 | -4.3% |
| Remuneration, social security and pensions | 62 | €117,400 | €87,472 | -€29,928 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,317 | €73,626 | +€309 | +0.4% |
| Other operating charges | 640/8 | €4,064 | €4,182 | +€119 | +2.9% |
| Gross operating margin | 9900 | €203,599 | €226,494 | +€22,895 | +11.2% |
| Operating profit (loss) | 9901 | €8,817 | €61,213 | +€52,396 | +594% |
| Financial income | 75/76B | €1,869 | €484 | -€1,385 | -74.1% |
| Recurring financial income | 75 | €1,869 | €484 | -€1,385 | -74.1% |
| Financial charges | 65/66B | €25,647 | €24,173 | -€1,474 | -5.7% |
| Recurring financial charges | 65 | €25,647 | €24,173 | -€1,474 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,961 | €37,524 | +€52,485 | |
| Income taxes | 67/77 | - | €3,444 | +€3,444 | |
| Profit (loss) for the period | 9904 | -€14,961 | €34,080 | +€49,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,961 | €34,080 | +€49,041 |
Next steps
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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 2 November 2026 via checked.be.