Apotheek Saint-Germain: 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 Saint-Germain
Largest movements
- Receivables within one year +€194,940
up €194,940 (+265%), from €73,656 to €268,596
of which Other amounts receivable: +€241,271
- Cash -€102,078
down €102,078 (-99.8%), from €102,270 to €192
mainly Receivables within one year (-€194,940) and Trade debts (-€57,739)
- Stocks and contracts -€99,953
no longer reported in 2025 (was €99,953)
- Tangible fixed assets -€30,169
down €30,169 (-31.1%), from €96,904 to €66,735
of which Furniture and vehicles: -€21,569
- Trade debts -€57,739
down €57,739 (-88.6%), from €65,161 to €7,421
- Other debts +€43,930
up €43,930 (+62,757%), from €70 to €44,000
- Debts after one year -€27,500
down €27,500 (-30.0%), from €91,666 to €64,166
- Gross operating margin +€47,621
up €47,621 (+59.7%), from €79,778 to €127,398
- Staff costs +€13,487
up €13,487 (+33.9%), from €39,744 to €53,231
- Financial charges -€7,720
down €7,720 (-81.2%), from €9,504 to €1,785
- Financial income +€4,704
new in 2025: €4,704
- Depreciation +€1,565
up €1,565 (+5.5%), from €28,603 to €30,169
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 | €374,865 | €335,523 | -€39,342 | -10.5% |
| Fixed assets | 21/28 | €96,904 | €66,735 | -€30,169 | -31.1% |
| Tangible fixed assets | 22/27 | €96,904 | €66,735 | -€30,169 | -31.1% |
| Plant, machinery and equipment | 23 | €25,800 | €17,200 | -€8,600 | -33.3% |
| Furniture and vehicles | 24 | €71,104 | €49,535 | -€21,569 | -30.3% |
| Current assets | 29/58 | €277,961 | €268,788 | -€9,174 | -3.3% |
| Stocks and contracts in progress | 3 | €99,953 | - | -€99,953 | |
| Stocks | 30/36 | €99,953 | - | -€99,953 | |
| Amounts receivable within one year | 40/41 | €73,656 | €268,596 | +€194,940 | +265% |
| Trade receivables | 40 | €49,960 | €3,630 | -€46,331 | -92.7% |
| Other amounts receivable | 41 | €23,696 | €264,966 | +€241,271 | +1,018% |
| Cash at bank and in hand | 54/58 | €102,270 | €192 | -€102,078 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,083 | - | -€2,083 | |
| Total equity and liabilities | 10/49 | €374,865 | €335,523 | -€39,342 | -10.5% |
| Equity | 10/15 | €177,862 | €178,558 | +€696 | +0.4% |
| 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 | €115,862 | €116,558 | +€696 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €109,662 | €110,358 | +€696 | +0.6% |
| Amounts payable | 17/49 | €197,004 | €156,965 | -€40,039 | -20.3% |
| Amounts payable after more than one year | 17 | €91,666 | €64,166 | -€27,500 | -30.0% |
| Financial debts | 170/4 | €91,666 | €64,166 | -€27,500 | -30.0% |
| Amounts payable within one year | 42/48 | €105,337 | €92,799 | -€12,539 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €27,500 | €27,500 | = | 0.0% |
| Trade debts | 44 | €65,161 | €7,421 | -€57,739 | -88.6% |
| Suppliers | 440/4 | €65,161 | €7,421 | -€57,739 | -88.6% |
| Taxes, remuneration and social security | 45 | €12,606 | €13,877 | +€1,271 | +10.1% |
| Taxes | 450/3 | €468 | €6,518 | +€6,049 | +1,291% |
| Remuneration and social security | 454/9 | €12,138 | €7,359 | -€4,779 | -39.4% |
| Other amounts payable | 47/48 | €70 | €44,000 | +€43,930 | +62,757% |
| Remuneration, social security and pensions | 62 | €39,744 | €53,231 | +€13,487 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,603 | €30,169 | +€1,565 | +5.5% |
| Other operating charges | 640/8 | €898 | €1,350 | +€453 | +50.4% |
| Gross operating margin | 9900 | €79,778 | €127,398 | +€47,621 | +59.7% |
| Operating profit (loss) | 9901 | €10,532 | €42,648 | +€32,116 | +305% |
| Financial income | 75/76B | - | €4,704 | +€4,704 | |
| Recurring financial income | 75 | - | €4,704 | +€4,704 | |
| Financial charges | 65/66B | €9,504 | €1,785 | -€7,720 | -81.2% |
| Recurring financial charges | 65 | €9,504 | €1,785 | -€7,720 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €1,028 | €45,568 | +€44,540 | +4,333% |
| Income taxes | 67/77 | €468 | €871 | +€403 | +86.0% |
| Profit (loss) for the period | 9904 | €559 | €44,696 | +€44,137 | +7,890% |
| Profit (loss) for the period to be appropriated | 9905 | €559 | €44,696 | +€44,137 | +7,890% |
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 28 October 2026 via checked.be.