APOTHEEK QUEENS: 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 QUEENS
Largest movements
- Cash -€44,678
down €44,678 (-31.7%), from €140,920 to €96,241
mainly Receivables within one year (-€20,314) and Current portion of long-term debt (-€19,501)
- Receivables within one year +€20,314
up €20,314 (+23.1%), from €87,912 to €108,226
of which Other amounts receivable: +€11,615
- Tangible fixed assets -€9,641
down €9,641 (-4.4%), from €217,815 to €208,174
of which Land and buildings: -€6,289
- Deferred charges and accrued income -€8,834
down €8,834 (-45.0%), from €19,651 to €10,816
- Current portion of long-term debt -€19,501
no longer reported in 2025 (was €19,501)
- Trade debts -€10,183
down €10,183 (-11.8%), from €86,502 to €76,319
- Profit (loss) carried forward -€8,184
down €8,184 (-3.0%), from €273,895 to €265,711
- Tax, wage and social debts +€7,356
up €7,356 (+71.2%), from €10,339 to €17,695
of which Remuneration and social security: +€7,784
- Staff costs +€63,612
up €63,612 (+43.1%), from €147,445 to €211,057
- Taxes -€12,282
down €12,282 (-97.4%), from €12,614 to €332
- Financial charges -€5,140
down €5,140 (-28.4%), from €18,127 to €12,987
- Depreciation -€2,732
down €2,732 (-22.1%), from €12,373 to €9,641
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 | €658,577 | €621,995 | -€36,582 | -5.6% |
| Fixed assets | 21/28 | €217,815 | €208,174 | -€9,641 | -4.4% |
| Tangible fixed assets | 22/27 | €217,815 | €208,174 | -€9,641 | -4.4% |
| Land and buildings | 22 | €211,636 | €205,347 | -€6,289 | -3.0% |
| Plant, machinery and equipment | 23 | €1,996 | - | -€1,996 | |
| Furniture and vehicles | 24 | €4,183 | €2,827 | -€1,356 | -32.4% |
| Current assets | 29/58 | €440,762 | €413,821 | -€26,941 | -6.1% |
| Stocks and contracts in progress | 3 | €192,279 | €198,537 | +€6,258 | +3.3% |
| Stocks | 30/36 | €192,279 | €198,537 | +€6,258 | +3.3% |
| Amounts receivable within one year | 40/41 | €87,912 | €108,226 | +€20,314 | +23.1% |
| Trade receivables | 40 | €69,449 | €78,147 | +€8,699 | +12.5% |
| Other amounts receivable | 41 | €18,464 | €30,079 | +€11,615 | +62.9% |
| Cash at bank and in hand | 54/58 | €140,920 | €96,241 | -€44,678 | -31.7% |
| Deferred charges and accrued income | 490/1 | €19,651 | €10,816 | -€8,834 | -45.0% |
| Total equity and liabilities | 10/49 | €658,577 | €621,995 | -€36,582 | -5.6% |
| Equity | 10/15 | €317,750 | €311,199 | -€6,551 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,256 | €26,888 | +€1,632 | +6.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €23,396 | €25,028 | +€1,632 | +7.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €273,895 | €265,711 | -€8,184 | -3.0% |
| Provisions and deferred taxes | 16 | €12,046 | €8,343 | -€3,703 | -30.7% |
| Deferred taxes | 168 | €12,046 | €8,343 | -€3,703 | -30.7% |
| Amounts payable | 17/49 | €328,781 | €302,453 | -€26,327 | -8.0% |
| Amounts payable within one year | 42/48 | €328,781 | €302,453 | -€26,327 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €19,501 | - | -€19,501 | |
| Financial debts | 43 | €204,000 | €200,000 | -€4,000 | -2.0% |
| Credit institutions | 430/8 | €204,000 | €200,000 | -€4,000 | -2.0% |
| Trade debts | 44 | €86,502 | €76,319 | -€10,183 | -11.8% |
| Suppliers | 440/4 | €86,502 | €76,319 | -€10,183 | -11.8% |
| Taxes, remuneration and social security | 45 | €10,339 | €17,695 | +€7,356 | +71.2% |
| Taxes | 450/3 | €515 | €88 | -€428 | -83.0% |
| Remuneration and social security | 454/9 | €9,823 | €17,607 | +€7,784 | +79.2% |
| Other amounts payable | 47/48 | €8,439 | €8,439 | = | 0.0% |
| Non-recurring operating income | 76A | €966 | - | -€966 | |
| Remuneration, social security and pensions | 62 | €147,445 | €211,057 | +€63,612 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,373 | €9,641 | -€2,732 | -22.1% |
| Other operating charges | 640/8 | €3,280 | €3,562 | +€282 | +8.6% |
| Gross operating margin | 9900 | €225,215 | €225,942 | +€727 | +0.3% |
| Operating profit (loss) | 9901 | €62,116 | €1,682 | -€60,435 | -97.3% |
| Financial income | 75/76B | €1,991 | €1,382 | -€609 | -30.6% |
| Recurring financial income | 75 | €1,991 | €1,382 | -€609 | -30.6% |
| Financial charges | 65/66B | €18,127 | €12,987 | -€5,140 | -28.4% |
| Recurring financial charges | 65 | €18,127 | €12,987 | -€5,140 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €45,981 | -€9,923 | -€55,904 | |
| Transfer from deferred taxes | 780 | €704 | €518 | -€186 | -26.4% |
| Income taxes | 67/77 | €12,614 | €332 | -€12,282 | -97.4% |
| Profit (loss) for the period | 9904 | €34,071 | -€9,737 | -€43,808 | |
| Transfer from tax-exempt reserves | 789 | €1,367 | €1,553 | +€186 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,438 | -€8,184 | -€43,621 |
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 16 October 2026 via checked.be.