APOTHEEK RENARD: what changed
APOTHEEK RENARD
Largest movements
- Cash +€25,424
up €25,424 (+19.1%), from €132,878 to €158,302
mainly Net result for the year (+€55,097) and Depreciation (+€23,495)
- Tangible fixed assets -€12,673
down €12,673 (-3.7%), from €341,850 to €329,176
of which Land and buildings: -€17,996
- Reserves +€55,097
up €55,097 (+17.9%), from €308,186 to €363,283
of which Distributable reserves: +€55,097
- Debts after one year -€25,000
down €25,000 (-92.3%), from €27,084 to €2,084
- Other debts -€15,200
down €15,200 (-18.3%), from €82,907 to €67,707
- Depreciation -€16,254
down €16,254 (-40.9%), from €39,749 to €23,495
- Gross operating margin +€15,529
up €15,529 (+17.2%), from €90,338 to €105,867
- Financial income -€6,738
down €6,738 (-83.0%), from €8,115 to €1,378
- Taxes +€5,542
up €5,542 (+64.0%), from €8,659 to €14,201
- Financial charges -€4,801
down €4,801 (-30.4%), from €15,794 to €10,993
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €682,028 | €702,358 | +€20,330 | +3.0% |
| Fixed assets | 21/28 | €341,850 | €329,176 | -€12,673 | -3.7% |
| Tangible fixed assets | 22/27 | €341,850 | €329,176 | -€12,673 | -3.7% |
| Land and buildings | 22 | €324,811 | €306,815 | -€17,996 | -5.5% |
| Plant, machinery and equipment | 23 | €13,001 | €20,591 | +€7,589 | +58.4% |
| Furniture and vehicles | 24 | €4,037 | €1,770 | -€2,267 | -56.2% |
| Current assets | 29/58 | €340,178 | €373,181 | +€33,004 | +9.7% |
| Stocks and contracts in progress | 3 | €106,892 | €105,788 | -€1,103 | -1.0% |
| Stocks | 30/36 | €106,892 | €105,788 | -€1,103 | -1.0% |
| Amounts receivable within one year | 40/41 | €96,124 | €103,120 | +€6,996 | +7.3% |
| Trade receivables | 40 | €92,097 | €101,116 | +€9,019 | +9.8% |
| Other amounts receivable | 41 | €4,027 | €2,004 | -€2,023 | -50.2% |
| Cash at bank and in hand | 54/58 | €132,878 | €158,302 | +€25,424 | +19.1% |
| Deferred charges and accrued income | 490/1 | €4,284 | €5,971 | +€1,687 | +39.4% |
| Total equity and liabilities | 10/49 | €682,028 | €702,358 | +€20,330 | +3.0% |
| Equity | 10/15 | €370,686 | €425,783 | +€55,097 | +14.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €308,186 | €363,283 | +€55,097 | +17.9% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €301,936 | €357,033 | +€55,097 | +18.2% |
| Amounts payable | 17/49 | €311,341 | €276,575 | -€34,767 | -11.2% |
| Amounts payable after more than one year | 17 | €27,084 | €2,084 | -€25,000 | -92.3% |
| Financial debts | 170/4 | €27,084 | €2,084 | -€25,000 | -92.3% |
| Amounts payable within one year | 42/48 | €277,453 | €267,944 | -€9,509 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €169,545 | €175,237 | +€5,691 | +3.4% |
| Suppliers | 440/4 | €169,545 | €175,237 | +€5,691 | +3.4% |
| Other amounts payable | 47/48 | €82,907 | €67,707 | -€15,200 | -18.3% |
| Accrued charges and deferred income | 492/3 | €6,805 | €6,547 | -€258 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,749 | €23,495 | -€16,254 | -40.9% |
| Other operating charges | 640/8 | €2,853 | €3,459 | +€606 | +21.2% |
| Gross operating margin | 9900 | €90,338 | €105,867 | +€15,529 | +17.2% |
| Operating profit (loss) | 9901 | €47,736 | €78,913 | +€31,177 | +65.3% |
| Financial income | 75/76B | €8,115 | €1,378 | -€6,738 | -83.0% |
| Recurring financial income | 75 | €8,115 | €1,378 | -€6,738 | -83.0% |
| Financial charges | 65/66B | €15,794 | €10,993 | -€4,801 | -30.4% |
| Recurring financial charges | 65 | €15,794 | €10,993 | -€4,801 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €40,057 | €69,298 | +€29,240 | +73.0% |
| Income taxes | 67/77 | €8,659 | €14,201 | +€5,542 | +64.0% |
| Profit (loss) for the period | 9904 | €31,399 | €55,097 | +€23,698 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,399 | €55,097 | +€23,698 | +75.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.