APOTHEEK PELGRIMS: 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.
What changed
APOTHEEK PELGRIMS
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€93,434
2024 · €74,175+€19,259
Equity
€461,373
2024 · €461,373
Cash
€52,017
2024 · €64,432-€12,415
Balance sheet total
€923,032
2024 · €975,310-€52,278
Largest movements
Assets
- Tangible fixed assets -€76,584
down €76,584 (-19.0%), from €403,421 to €326,837
of which Plant, machinery and equipment: -€56,648
- Stocks and contracts +€41,724
up €41,724 (+16.5%), from €252,899 to €294,623
- Cash -€12,415
down €12,415 (-19.3%), from €64,432 to €52,017
mainly Contributions, distributions and other (-€93,434) and Debts after one year (-€50,609)
Equity and liabilities
- Debts after one year -€50,609
down €50,609 (-18.7%), from €271,210 to €220,601
- Other debts -€16,122
down €16,122 (-26.7%), from €60,319 to €44,197
- Short-term financial debts +€10,084
new in 2025: €10,084
Income statement
- Gross operating margin +€35,847
up €35,847 (+14.6%), from €245,439 to €281,286
- Taxes +€7,621
up €7,621 (+27.5%), from €27,676 to €35,297
- Financial income -€3,929
down €3,929 (-66.5%), from €5,908 to €1,978
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.
Result 2024
€74,175
Gross operating margin
+€35,847
Staff costs
-€513
Depreciation
-€1,868
Other operating charges
-€682
Financial income
-€3,929
Financial charges
-€1,974
Taxes
-€7,621
Result 2025
€93,434
raises the resultlowers the result
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.
From operations
+€129,182
Investment
-€8,305
Financing
-€133,292
Cash 2024
€64,432
From operations (derived)
+€129,182
Net result for the year
+€93,434
Depreciation
+€80,449
Stocks and contracts
-€41,724
Receivables within one year
+€5,740
Deferred charges and accrued income
+€3,702
Trade debts
+€1,529
Tax, wage and social debts
+€127
Other debts
-€16,122
Accrued charges and deferred income
+€2,047
Investment (derived)
-€8,305
Investment in fixed assets (net)
-€3,865
Current investments
-€4,440
Financing
-€133,292
Debts after one year
-€50,609
Current portion of long-term debt
+€667
Short-term financial debts
+€10,084
Contributions, distributions and other
-€93,434
Cash 2025
€52,017
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €975,310 | €923,032 | -€52,278 | -5.4% |
| Fixed assets | 21/28 | €405,696 | €329,112 | -€76,584 | -18.9% |
| Tangible fixed assets | 22/27 | €403,421 | €326,837 | -€76,584 | -19.0% |
| Land and buildings | 22 | €220,874 | €202,233 | -€18,640 | -8.4% |
| Plant, machinery and equipment | 23 | €180,737 | €124,089 | -€56,648 | -31.3% |
| Furniture and vehicles | 24 | €1,811 | €515 | -€1,296 | -71.6% |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €569,614 | €593,920 | +€24,306 | +4.3% |
| Stocks and contracts in progress | 3 | €252,899 | €294,623 | +€41,724 | +16.5% |
| Stocks | 30/36 | €252,899 | €294,623 | +€41,724 | +16.5% |
| Amounts receivable within one year | 40/41 | €141,559 | €135,818 | -€5,740 | -4.1% |
| Trade receivables | 40 | €119,056 | €127,917 | +€8,861 | +7.4% |
| Other amounts receivable | 41 | €22,503 | €7,902 | -€14,601 | -64.9% |
| Current investments | 50/53 | €104,115 | €108,555 | +€4,440 | +4.3% |
| Cash at bank and in hand | 54/58 | €64,432 | €52,017 | -€12,415 | -19.3% |
| Deferred charges and accrued income | 490/1 | €6,610 | €2,908 | -€3,702 | -56.0% |
| Total equity and liabilities | 10/49 | €975,310 | €923,032 | -€52,278 | -5.4% |
| Equity | 10/15 | €461,373 | €461,373 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €399,873 | €399,873 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €393,723 | €393,723 | = | 0.0% |
| Amounts payable | 17/49 | €513,937 | €461,659 | -€52,278 | -10.2% |
| Amounts payable after more than one year | 17 | €271,210 | €220,601 | -€50,609 | -18.7% |
| Financial debts | 170/4 | €271,210 | €220,601 | -€50,609 | -18.7% |
| Amounts payable within one year | 42/48 | €242,727 | €239,011 | -€3,716 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €49,942 | €50,609 | +€667 | +1.3% |
| Financial debts | 43 | - | €10,084 | +€10,084 | |
| Credit institutions | 430/8 | - | €10,084 | +€10,084 | |
| Trade debts | 44 | €126,884 | €128,413 | +€1,529 | +1.2% |
| Suppliers | 440/4 | €126,884 | €128,413 | +€1,529 | +1.2% |
| Taxes, remuneration and social security | 45 | €5,582 | €5,709 | +€127 | +2.3% |
| Taxes | 450/3 | €88 | €91 | +€3 | +3.4% |
| Remuneration and social security | 454/9 | €5,494 | €5,617 | +€124 | +2.3% |
| Other amounts payable | 47/48 | €60,319 | €44,197 | -€16,122 | -26.7% |
| Accrued charges and deferred income | 492/3 | - | €2,047 | +€2,047 | |
| Remuneration, social security and pensions | 62 | €48,112 | €48,625 | +€513 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,581 | €80,449 | +€1,868 | +2.4% |
| Other operating charges | 640/8 | €2,349 | €3,031 | +€682 | +29.1% |
| Gross operating margin | 9900 | €245,439 | €281,286 | +€35,847 | +14.6% |
| Operating profit (loss) | 9901 | €116,398 | €149,181 | +€32,783 | +28.2% |
| Financial income | 75/76B | €5,908 | €1,978 | -€3,929 | -66.5% |
| Recurring financial income | 75 | €5,908 | €1,978 | -€3,929 | -66.5% |
| Financial charges | 65/66B | €20,455 | €22,429 | +€1,974 | +9.7% |
| Recurring financial charges | 65 | €20,455 | €22,429 | +€1,974 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €101,851 | €128,730 | +€26,880 | +26.4% |
| Income taxes | 67/77 | €27,676 | €35,297 | +€7,621 | +27.5% |
| Profit (loss) for the period | 9904 | €74,175 | €93,434 | +€19,259 | +26.0% |
| Transfer from tax-exempt reserves | 789 | €358 | - | -€358 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,533 | €93,434 | +€18,901 | +25.4% |
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 21 October 2026 via checked.be.