APOTHEEK PHLIPPO: 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 PHLIPPO
Largest movements
- Receivables within one year +€41,998
up €41,998 (+39.2%), from €107,128 to €149,126
of which Trade receivables: +€50,135
- Tangible fixed assets -€8,426
down €8,426 (-14.6%), from €57,793 to €49,367
- Cash -€7,147
down €7,147 (-6.8%), from €104,624 to €97,478
mainly Contributions, distributions and other (-€152,200) and Receivables within one year (-€41,998)
- Trade debts +€22,003
up €22,003 (+17.5%), from €125,806 to €147,809
- Tax, wage and social debts +€8,046
up €8,046 (+37.0%), from €21,727 to €29,773
of which Taxes: +€7,790
- Other debts -€6,856
down €6,856 (-4.3%), from €159,169 to €152,314
- Gross operating margin +€21,215
up €21,215 (+7.4%), from €288,221 to €309,436
- Staff costs -€13,082
down €13,082 (-10.8%), from €121,338 to €108,256
- Taxes +€7,721
up €7,721 (+17.4%), from €44,433 to €52,154
- Financial income -€3,613
down €3,613 (-16.9%), from €21,317 to €17,704
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 | €466,797 | €489,972 | +€23,174 | +5.0% |
| Fixed assets | 21/28 | €57,843 | €49,367 | -€8,476 | -14.7% |
| Tangible fixed assets | 22/27 | €57,793 | €49,367 | -€8,426 | -14.6% |
| Land and buildings | 22 | €28,561 | €25,885 | -€2,676 | -9.4% |
| Plant, machinery and equipment | 23 | €7,831 | €6,464 | -€1,367 | -17.5% |
| Furniture and vehicles | 24 | €538 | €322 | -€216 | -40.2% |
| Other tangible fixed assets | 26 | €20,864 | €16,696 | -€4,168 | -20.0% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €408,954 | €440,605 | +€31,651 | +7.7% |
| Stocks and contracts in progress | 3 | €177,610 | €176,247 | -€1,363 | -0.8% |
| Stocks | 30/36 | €177,610 | €176,247 | -€1,363 | -0.8% |
| Amounts receivable within one year | 40/41 | €107,128 | €149,126 | +€41,998 | +39.2% |
| Trade receivables | 40 | €98,698 | €148,834 | +€50,135 | +50.8% |
| Other amounts receivable | 41 | €8,430 | €292 | -€8,137 | -96.5% |
| Current investments | 50/53 | €803 | €803 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,624 | €97,478 | -€7,147 | -6.8% |
| Deferred charges and accrued income | 490/1 | €18,789 | €16,950 | -€1,838 | -9.8% |
| Total equity and liabilities | 10/49 | €466,797 | €489,972 | +€23,174 | +5.0% |
| Equity | 10/15 | €147,246 | €147,290 | +€43 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €76,200 | €76,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,046 | €9,090 | +€43 | +0.5% |
| Amounts payable | 17/49 | €319,551 | €342,682 | +€23,131 | +7.2% |
| Amounts payable within one year | 42/48 | €319,551 | €342,682 | +€23,131 | +7.2% |
| Financial debts | 43 | €12,849 | €12,786 | -€62 | -0.5% |
| Credit institutions | 430/8 | €12,849 | €12,786 | -€62 | -0.5% |
| Trade debts | 44 | €125,806 | €147,809 | +€22,003 | +17.5% |
| Suppliers | 440/4 | €125,806 | €147,809 | +€22,003 | +17.5% |
| Taxes, remuneration and social security | 45 | €21,727 | €29,773 | +€8,046 | +37.0% |
| Taxes | 450/3 | €7,395 | €15,186 | +€7,790 | +105% |
| Remuneration and social security | 454/9 | €14,332 | €14,587 | +€255 | +1.8% |
| Other amounts payable | 47/48 | €159,169 | €152,314 | -€6,856 | -4.3% |
| Non-recurring operating income | 76A | €1,958 | €3,211 | +€1,253 | +64.0% |
| Remuneration, social security and pensions | 62 | €121,338 | €108,256 | -€13,082 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €8,426 | +€426 | +5.3% |
| Other operating charges | 640/8 | €2,451 | €2,526 | +€75 | +3.1% |
| Gross operating margin | 9900 | €288,221 | €309,436 | +€21,215 | +7.4% |
| Operating profit (loss) | 9901 | €156,432 | €190,227 | +€33,795 | +21.6% |
| Financial income | 75/76B | €21,317 | €17,704 | -€3,613 | -16.9% |
| Recurring financial income | 75 | €21,317 | €17,704 | -€3,613 | -16.9% |
| Financial charges | 65/66B | €4,056 | €3,534 | -€522 | -12.9% |
| Recurring financial charges | 65 | €4,056 | €3,534 | -€522 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €173,693 | €204,398 | +€30,705 | +17.7% |
| Income taxes | 67/77 | €44,433 | €52,154 | +€7,721 | +17.4% |
| Profit (loss) for the period | 9904 | €129,259 | €152,243 | +€22,984 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €129,259 | €152,243 | +€22,984 | +17.8% |
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 25 October 2026 via checked.be.