APOTHEEK SOETE: 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 SOETE
Largest movements
- Cash +€63,412
up €63,412 (+27.7%), from €228,633 to €292,044
mainly Other debts (+€349,839) and Net result for the year (+€99,580)
- Tangible fixed assets -€58,127
down €58,127 (-15.8%), from €368,610 to €310,483
- Receivables within one year +€51,431
up €51,431 (+68.5%), from €75,031 to €126,462
of which Trade receivables: +€31,020
- Intangible fixed assets -€18,185
down €18,185 (-39.2%), from €46,390 to €28,205
- Stocks and contracts +€13,933
up €13,933 (+4.6%), from €303,904 to €317,838
- Other debts +€349,839
up €349,839 (+118%), from €295,318 to €645,157
- Reserves -€277,775
down €277,775 (-58.4%), from €475,274 to €197,499
- Debts after one year -€11,070
down €11,070 (-12.4%), from €89,527 to €78,457
- Gross operating margin -€29,813
down €29,813 (-7.0%), from €426,798 to €396,984
- Depreciation -€15,522
down €15,522 (-14.0%), from €111,059 to €95,537
- Taxes -€15,187
down €15,187 (-33.5%), from €45,300 to €30,113
- Staff costs +€7,811
up €7,811 (+6.1%), from €127,455 to €135,266
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 | €1,025,131 | €1,083,822 | +€58,691 | +5.7% |
| Fixed assets | 21/28 | €415,180 | €338,868 | -€76,312 | -18.4% |
| Intangible fixed assets | 21 | €46,390 | €28,205 | -€18,185 | -39.2% |
| Tangible fixed assets | 22/27 | €368,610 | €310,483 | -€58,127 | -15.8% |
| Land and buildings | 22 | €186,322 | €177,746 | -€8,576 | -4.6% |
| Plant, machinery and equipment | 23 | €40,791 | €26,959 | -€13,832 | -33.9% |
| Furniture and vehicles | 24 | €43,167 | €33,519 | -€9,647 | -22.3% |
| Other tangible fixed assets | 26 | €98,330 | €72,258 | -€26,072 | -26.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €609,951 | €744,954 | +€135,003 | +22.1% |
| Stocks and contracts in progress | 3 | €303,904 | €317,838 | +€13,933 | +4.6% |
| Stocks | 30/36 | €303,904 | €317,838 | +€13,933 | +4.6% |
| Amounts receivable within one year | 40/41 | €75,031 | €126,462 | +€51,431 | +68.5% |
| Trade receivables | 40 | €64,969 | €95,988 | +€31,020 | +47.7% |
| Other amounts receivable | 41 | €10,062 | €30,474 | +€20,412 | +203% |
| Cash at bank and in hand | 54/58 | €228,633 | €292,044 | +€63,412 | +27.7% |
| Deferred charges and accrued income | 490/1 | €2,383 | €8,610 | +€6,227 | +261% |
| Total equity and liabilities | 10/49 | €1,025,131 | €1,083,822 | +€58,691 | +5.7% |
| Equity | 10/15 | €493,874 | €216,099 | -€277,775 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €475,274 | €197,499 | -€277,775 | -58.4% |
| Distributable reserves | 133 | €475,274 | €197,499 | -€277,775 | -58.4% |
| Amounts payable | 17/49 | €531,257 | €867,722 | +€336,465 | +63.3% |
| Amounts payable after more than one year | 17 | €89,527 | €78,457 | -€11,070 | -12.4% |
| Financial debts | 170/4 | €89,527 | €78,457 | -€11,070 | -12.4% |
| Amounts payable within one year | 42/48 | €418,063 | €767,104 | +€349,041 | +83.5% |
| Current portion of amounts payable after more than one year | 42 | €16,515 | €11,070 | -€5,446 | -33.0% |
| Trade debts | 44 | €80,235 | €77,612 | -€2,623 | -3.3% |
| Suppliers | 440/4 | €80,235 | €77,612 | -€2,623 | -3.3% |
| Taxes, remuneration and social security | 45 | €25,994 | €33,265 | +€7,271 | +28.0% |
| Taxes | 450/3 | €6,777 | €7,134 | +€358 | +5.3% |
| Remuneration and social security | 454/9 | €19,218 | €26,131 | +€6,913 | +36.0% |
| Other amounts payable | 47/48 | €295,318 | €645,157 | +€349,839 | +118% |
| Accrued charges and deferred income | 492/3 | €23,668 | €22,162 | -€1,506 | -6.4% |
| Remuneration, social security and pensions | 62 | €127,455 | €135,266 | +€7,811 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,059 | €95,537 | -€15,522 | -14.0% |
| Other operating charges | 640/8 | €1,296 | €921 | -€375 | -28.9% |
| Gross operating margin | 9900 | €426,798 | €396,984 | -€29,813 | -7.0% |
| Operating profit (loss) | 9901 | €186,987 | €165,260 | -€21,726 | -11.6% |
| Financial income | 75/76B | €820 | €534 | -€286 | -34.9% |
| Recurring financial income | 75 | €820 | €534 | -€286 | -34.9% |
| Financial charges | 65/66B | €36,508 | €36,102 | -€406 | -1.1% |
| Recurring financial charges | 65 | €36,508 | €36,102 | -€406 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €151,299 | €129,693 | -€21,606 | -14.3% |
| Income taxes | 67/77 | €45,300 | €30,113 | -€15,187 | -33.5% |
| Profit (loss) for the period | 9904 | €105,999 | €99,580 | -€6,420 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,999 | €99,580 | -€6,420 | -6.1% |
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 20 October 2026 via checked.be.