APOTHEEK TANGHE: 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 TANGHE
Largest movements
- Tangible fixed assets -€115,441
down €115,441 (-41.1%), from €280,804 to €165,363
of which Furniture and vehicles: -€60,994
- Stocks and contracts +€35,528
up €35,528 (+9.3%), from €383,625 to €419,153
- Receivables within one year +€25,092
up €25,092 (+5.9%), from €427,397 to €452,488
of which Trade receivables: +€23,815
- Cash +€19,601
up €19,601 (+10.4%), from €187,926 to €207,527
mainly Net result for the year (+€72,816) and Depreciation (+€64,949)
- Debts after one year -€47,050
down €47,050 (-46.7%), from €100,841 to €53,791
- Reserves +€42,816
up €42,816 (+4.6%), from €931,973 to €974,789
of which Distributable reserves: +€42,816
- Accrued charges and deferred income -€18,433
down €18,433 (-92.5%), from €19,937 to €1,504
- Staff costs +€51,089
up €51,089 (+20.9%), from €244,337 to €295,426
- Gross operating margin +€29,030
up €29,030 (+6.5%), from €443,262 to €472,292
- Taxes -€13,318
down €13,318 (-27.7%), from €48,066 to €34,748
- Financial income -€6,991
down €6,991 (-41.1%), from €17,017 to €10,027
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 | €1,376,484 | €1,350,188 | -€26,296 | -1.9% |
| Fixed assets | 21/28 | €280,804 | €165,363 | -€115,441 | -41.1% |
| Tangible fixed assets | 22/27 | €280,804 | €165,363 | -€115,441 | -41.1% |
| Land and buildings | 22 | €56,187 | €1,740 | -€54,447 | -96.9% |
| Furniture and vehicles | 24 | €204,569 | €143,576 | -€60,994 | -29.8% |
| Other tangible fixed assets | 26 | €20,047 | €20,047 | = | 0.0% |
| Current assets | 29/58 | €1,095,680 | €1,184,825 | +€89,145 | +8.1% |
| Stocks and contracts in progress | 3 | €383,625 | €419,153 | +€35,528 | +9.3% |
| Stocks | 30/36 | €383,625 | €419,153 | +€35,528 | +9.3% |
| Amounts receivable within one year | 40/41 | €427,397 | €452,488 | +€25,092 | +5.9% |
| Trade receivables | 40 | €218,506 | €242,321 | +€23,815 | +10.9% |
| Other amounts receivable | 41 | €208,890 | €210,167 | +€1,277 | +0.6% |
| Cash at bank and in hand | 54/58 | €187,926 | €207,527 | +€19,601 | +10.4% |
| Deferred charges and accrued income | 490/1 | €96,732 | €105,657 | +€8,925 | +9.2% |
| Total equity and liabilities | 10/49 | €1,376,484 | €1,350,188 | -€26,296 | -1.9% |
| Equity | 10/15 | €950,573 | €993,389 | +€42,816 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €931,973 | €974,789 | +€42,816 | +4.6% |
| Tax-exempt reserves | 132 | €151 | €151 | = | 0.0% |
| Distributable reserves | 133 | €931,822 | €974,638 | +€42,816 | +4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €425,911 | €356,799 | -€69,112 | -16.2% |
| Amounts payable after more than one year | 17 | €100,841 | €53,791 | -€47,050 | -46.7% |
| Financial debts | 170/4 | €100,841 | €53,791 | -€47,050 | -46.7% |
| Amounts payable within one year | 42/48 | €305,133 | €301,504 | -€3,629 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €46,485 | €47,087 | +€602 | +1.3% |
| Trade debts | 44 | €179,895 | €185,114 | +€5,219 | +2.9% |
| Suppliers | 440/4 | €179,895 | €185,114 | +€5,219 | +2.9% |
| Taxes, remuneration and social security | 45 | €78,753 | €69,303 | -€9,450 | -12.0% |
| Taxes | 450/3 | €48,869 | €45,477 | -€3,392 | -6.9% |
| Remuneration and social security | 454/9 | €29,885 | €23,826 | -€6,058 | -20.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €19,937 | €1,504 | -€18,433 | -92.5% |
| Remuneration, social security and pensions | 62 | €244,337 | €295,426 | +€51,089 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,540 | €64,949 | -€4,591 | -6.6% |
| Other operating charges | 640/8 | €4,034 | €5,358 | +€1,324 | +32.8% |
| Gross operating margin | 9900 | €443,262 | €472,292 | +€29,030 | +6.5% |
| Operating profit (loss) | 9901 | €125,352 | €106,559 | -€18,793 | -15.0% |
| Financial income | 75/76B | €17,017 | €10,027 | -€6,991 | -41.1% |
| Recurring financial income | 75 | €17,017 | €10,027 | -€6,991 | -41.1% |
| Financial charges | 65/66B | €6,129 | €9,022 | +€2,893 | +47.2% |
| Recurring financial charges | 65 | €6,129 | €9,022 | +€2,893 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €136,240 | €107,564 | -€28,676 | -21.0% |
| Income taxes | 67/77 | €48,066 | €34,748 | -€13,318 | -27.7% |
| Profit (loss) for the period | 9904 | €88,174 | €72,816 | -€15,358 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,174 | €72,816 | -€15,358 | -17.4% |
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 29 October 2026 via checked.be.