APOTHEEK PUT: what changed
Two fiscal 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 PUT
Largest movements
- Cash -€113,213
down €113,213 (-51.0%), from €221,962 to €108,749
mainly Receivables within one year (-€83,382) and Stocks and contracts (-€36,123)
- Receivables within one year +€83,382
up €83,382 (+43.8%), from €190,228 to €273,610
of which Other amounts receivable: +€53,047
- Stocks and contracts +€36,123
up €36,123 (+22.8%), from €158,559 to €194,683
- Deferred charges and accrued income +€8,304
up €8,304 (+45.5%), from €18,238 to €26,541
- Tax, wage and social debts +€16,181
up €16,181 (+120.4%), from €13,436 to €29,617
of which Remuneration and social security: +€12,535
- Profit (loss) carried forward +€8,200
up €8,200 (+5.5%), from €148,058 to €156,258
- Staff costs +€73,258
up €73,258 (+56.0%), from €130,867 to €204,126
- Gross operating margin +€66,762
up €66,762 (+37.3%), from €179,178 to €245,940
- Financial charges +€8,549
up €8,549 (+52.6%), from €16,264 to €24,813
of which Financial charges: +€8,548
- Other operating charges -€2,969
down €2,969 (-68.0%), from €4,366 to €1,397
- Taxes -€2,749
down €2,749 (-36.7%), from €7,497 to €4,748
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 | €598,046 | €608,583 | +€10,537 | +1.8% |
| Fixed assets | 21/28 | €9,059 | €5,001 | -€4,059 | -44.8% |
| Tangible fixed assets | 22/27 | €4,059 | €1 | -€4,059 | -100.0% |
| Plant, machinery and equipment | 23 | €4,059 | €1 | -€4,059 | -100.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €588,986 | €603,583 | +€14,596 | +2.5% |
| Stocks and contracts in progress | 3 | €158,559 | €194,683 | +€36,123 | +22.8% |
| Stocks | 30/36 | €158,559 | €194,683 | +€36,123 | +22.8% |
| Amounts receivable within one year | 40/41 | €190,228 | €273,610 | +€83,382 | +43.8% |
| Trade receivables | 40 | €117,663 | €147,998 | +€30,335 | +25.8% |
| Other amounts receivable | 41 | €72,565 | €125,612 | +€53,047 | +73.1% |
| Cash at bank and in hand | 54/58 | €221,962 | €108,749 | -€113,213 | -51.0% |
| Deferred charges and accrued income | 490/1 | €18,238 | €26,541 | +€8,304 | +45.5% |
| Total equity and liabilities | 10/49 | €598,046 | €608,583 | +€10,537 | +1.8% |
| Equity | 10/15 | €178,813 | €187,013 | +€8,200 | +4.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,755 | €5,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,755 | - | -€5,755 | |
| Reserves not available under the articles | 1311 | €5,755 | - | -€5,755 | |
| Distributable reserves | 133 | - | €5,755 | +€5,755 | |
| Profit (loss) carried forward | 14 | €148,058 | €156,258 | +€8,200 | +5.5% |
| Amounts payable | 17/49 | €419,233 | €421,570 | +€2,337 | +0.6% |
| Amounts payable within one year | 42/48 | €419,233 | €421,570 | +€2,337 | +0.6% |
| Financial debts | 43 | €254,000 | €250,000 | -€4,000 | -1.6% |
| Credit institutions | 430/8 | €254,000 | €250,000 | -€4,000 | -1.6% |
| Trade debts | 44 | €146,537 | €141,441 | -€5,096 | -3.5% |
| Suppliers | 440/4 | €146,537 | €141,441 | -€5,096 | -3.5% |
| Taxes, remuneration and social security | 45 | €13,436 | €29,617 | +€16,181 | +120.4% |
| Taxes | 450/3 | €426 | €4,071 | +€3,645 | +856.7% |
| Remuneration and social security | 454/9 | €13,011 | €25,546 | +€12,535 | +96.3% |
| Other amounts payable | 47/48 | €5,260 | €512 | -€4,748 | -90.3% |
| Non-recurring operating income | 76A | €577 | - | -€577 | |
| Remuneration, social security and pensions | 62 | €130,867 | €204,126 | +€73,258 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,813 | €4,059 | -€754 | -15.7% |
| Other operating charges | 640/8 | €4,366 | €1,397 | -€2,969 | -68.0% |
| Gross operating margin | 9900 | €179,178 | €245,940 | +€66,762 | +37.3% |
| Operating profit (loss) | 9901 | €39,132 | €36,359 | -€2,773 | -7.1% |
| Financial income | 75/76B | €1,798 | €1,402 | -€396 | -22.0% |
| Recurring financial income | 75 | €1,798 | €1,402 | -€396 | -22.0% |
| Financial charges | 65/66B | €16,264 | €24,813 | +€8,549 | +52.6% |
| Recurring financial charges | 65 | €16,264 | €24,812 | +€8,548 | +52.6% |
| Non-recurring financial charges | 66B | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €24,666 | €12,948 | -€11,718 | -47.5% |
| Income taxes | 67/77 | €7,497 | €4,748 | -€2,749 | -36.7% |
| Profit (loss) for the period | 9904 | €17,169 | €8,200 | -€8,969 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,169 | €8,200 | -€8,969 | -52.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.