APOTHEEK SCHEPENS: 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 SCHEPENS
Largest movements
- Tangible fixed assets -€30,730
down €30,730 (-15.4%), from €199,809 to €169,079
of which Plant, machinery and equipment: -€29,908
- Receivables within one year -€29,050
down €29,050 (-18.3%), from €158,448 to €129,399
of which Other amounts receivable: -€63,257
- Cash +€13,771
up €13,771 (+71.4%), from €19,289 to €33,060
mainly Other debts (+€56,255) and Net result for the year (+€44,892)
- Stocks and contracts +€6,295
up €6,295 (+6.7%), from €93,907 to €100,203
- Reserves -€88,105
down €88,105 (-66.2%), from €132,997 to €44,892
- Other debts +€56,255
new in 2025: €56,255
- Debts after one year -€41,391
down €41,391 (-29.6%), from €139,755 to €98,364
- Accrued charges and deferred income +€18,321
up €18,321 (+333%), from €5,504 to €23,825
- Trade debts +€15,322
up €15,322 (+23.4%), from €65,519 to €80,841
- Gross operating margin -€6,269
down €6,269 (-3.1%), from €200,858 to €194,590
- Financial charges -€5,806
down €5,806 (-34.9%), from €16,640 to €10,835
- Staff costs +€5,041
up €5,041 (+6.0%), from €84,470 to €89,511
- Financial income -€4,211
down €4,211 (-98.0%), from €4,296 to €85
- Taxes -€3,013
down €3,013 (-19.4%), from €15,531 to €12,518
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 | €491,341 | €448,518 | -€42,824 | -8.7% |
| Fixed assets | 21/28 | €204,760 | €170,730 | -€34,030 | -16.6% |
| Intangible fixed assets | 21 | €4,951 | €1,651 | -€3,300 | -66.7% |
| Tangible fixed assets | 22/27 | €199,809 | €169,079 | -€30,730 | -15.4% |
| Plant, machinery and equipment | 23 | €197,740 | €167,832 | -€29,908 | -15.1% |
| Furniture and vehicles | 24 | €2,069 | €1,247 | -€822 | -39.7% |
| Current assets | 29/58 | €286,581 | €277,787 | -€8,794 | -3.1% |
| Stocks and contracts in progress | 3 | €93,907 | €100,203 | +€6,295 | +6.7% |
| Stocks | 30/36 | €93,907 | €100,203 | +€6,295 | +6.7% |
| Amounts receivable within one year | 40/41 | €158,448 | €129,399 | -€29,050 | -18.3% |
| Trade receivables | 40 | €91,777 | €125,984 | +€34,208 | +37.3% |
| Other amounts receivable | 41 | €66,672 | €3,414 | -€63,257 | -94.9% |
| Cash at bank and in hand | 54/58 | €19,289 | €33,060 | +€13,771 | +71.4% |
| Deferred charges and accrued income | 490/1 | €14,937 | €15,126 | +€190 | +1.3% |
| Total equity and liabilities | 10/49 | €491,341 | €448,518 | -€42,824 | -8.7% |
| Equity | 10/15 | €137,996 | €49,891 | -€88,105 | -63.8% |
| Contributions | 10/11 | €4,999 | €4,999 | = | 0.0% |
| Reserves | 13 | €132,997 | €44,892 | -€88,105 | -66.2% |
| Distributable reserves | 133 | €132,997 | €44,892 | -€88,105 | -66.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €353,346 | €398,627 | +€45,281 | +12.8% |
| Amounts payable after more than one year | 17 | €139,755 | €98,364 | -€41,391 | -29.6% |
| Financial debts | 170/4 | €139,755 | €98,364 | -€41,391 | -29.6% |
| Amounts payable within one year | 42/48 | €208,087 | €276,438 | +€68,351 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €123,164 | €115,671 | -€7,493 | -6.1% |
| Trade debts | 44 | €65,519 | €80,841 | +€15,322 | +23.4% |
| Suppliers | 440/4 | €65,519 | €80,841 | +€15,322 | +23.4% |
| Taxes, remuneration and social security | 45 | €19,404 | €23,672 | +€4,267 | +22.0% |
| Taxes | 450/3 | €8,486 | €12,573 | +€4,087 | +48.2% |
| Remuneration and social security | 454/9 | €10,919 | €11,098 | +€180 | +1.6% |
| Other amounts payable | 47/48 | - | €56,255 | +€56,255 | |
| Accrued charges and deferred income | 492/3 | €5,504 | €23,825 | +€18,321 | +333% |
| Remuneration, social security and pensions | 62 | €84,470 | €89,511 | +€5,041 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,897 | €34,030 | +€133 | +0.4% |
| Other operating charges | 640/8 | €2,584 | €2,889 | +€305 | +11.8% |
| Gross operating margin | 9900 | €200,858 | €194,590 | -€6,269 | -3.1% |
| Operating profit (loss) | 9901 | €79,907 | €68,160 | -€11,747 | -14.7% |
| Financial income | 75/76B | €4,296 | €85 | -€4,211 | -98.0% |
| Recurring financial income | 75 | €4,296 | €85 | -€4,211 | -98.0% |
| Financial charges | 65/66B | €16,640 | €10,835 | -€5,806 | -34.9% |
| Recurring financial charges | 65 | €16,640 | €10,835 | -€5,806 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €67,563 | €57,410 | -€10,153 | -15.0% |
| Income taxes | 67/77 | €15,531 | €12,518 | -€3,013 | -19.4% |
| Profit (loss) for the period | 9904 | €52,032 | €44,892 | -€7,140 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,032 | €44,892 | -€7,140 | -13.7% |
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 15 October 2026 via checked.be.