Apotheek Terkoest: what changed
What changed
Apotheek Terkoest
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€4,083
2024 · €22,513-€18,429
Equity
€351,404
2024 · €347,321+€4,083
Cash
€53,605
2024 · €69,516-€15,911
Balance sheet total
€868,114
2024 · €902,506-€34,392
Largest movements
Assets
- Tangible fixed assets -€18,201
down €18,201 (-3.7%), from €497,284 to €479,083
of which Land and buildings: -€14,848
- Cash -€15,911
down €15,911 (-22.9%), from €69,516 to €53,605
mainly Debts after one year (-€31,918) and Trade debts (-€9,126)
Equity and liabilities
- Debts after one year -€31,918
down €31,918 (-6.9%), from €462,275 to €430,357
- Trade debts -€9,126
down €9,126 (-19.6%), from €46,448 to €37,322
Income statement
- Staff costs +€27,741
up €27,741 (+214%), from €12,949 to €40,690
- Gross operating margin +€8,965
up €8,965 (+14.2%), from €63,098 to €72,063
- Depreciation -€776
down €776 (-4.1%), from €18,977 to €18,201
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.
Result 2024
€22,513
Gross operating margin
+€8,965
Staff costs
-€27,741
Depreciation
+€776
Other operating charges
-€149
Financial income
-€358
Financial charges
+€171
Taxes
-€94
Result 2025
€4,083
raises the resultlowers the result
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.
From operations
+€21,084
Investment
-€5,431
Financing
-€31,565
Cash 2024
€69,516
From operations (derived)
+€21,084
Net result for the year
+€4,083
Depreciation
+€18,201
Stocks and contracts
-€2,105
Receivables within one year
+€7,901
Deferred charges and accrued income
-€85
Trade debts
-€9,126
Tax, wage and social debts
+€6,613
Accrued charges and deferred income
-€4,398
Investment (derived)
-€5,431
Investment in fixed assets (net)
-€5,431
Financing
-€31,565
Debts after one year
-€31,918
Current portion of long-term debt
+€353
Cash 2025
€53,605
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €902,506 | €868,114 | -€34,392 | -3.8% |
| Fixed assets | 21/28 | €497,318 | €484,547 | -€12,771 | -2.6% |
| Tangible fixed assets | 22/27 | €497,284 | €479,083 | -€18,201 | -3.7% |
| Land and buildings | 22 | €479,449 | €464,601 | -€14,848 | -3.1% |
| Plant, machinery and equipment | 23 | €16,023 | €13,054 | -€2,969 | -18.5% |
| Furniture and vehicles | 24 | €1,812 | €1,428 | -€384 | -21.2% |
| Financial fixed assets | 28 | €34 | €5,465 | +€5,431 | +15,972% |
| Current assets | 29/58 | €405,189 | €383,567 | -€21,622 | -5.3% |
| Stocks and contracts in progress | 3 | €88,935 | €91,040 | +€2,105 | +2.4% |
| Stocks | 30/36 | €88,935 | €91,040 | +€2,105 | +2.4% |
| Amounts receivable within one year | 40/41 | €236,391 | €228,490 | -€7,901 | -3.3% |
| Trade receivables | 40 | €52,899 | €57,069 | +€4,170 | +7.9% |
| Other amounts receivable | 41 | €183,492 | €171,421 | -€12,071 | -6.6% |
| Cash at bank and in hand | 54/58 | €69,516 | €53,605 | -€15,911 | -22.9% |
| Deferred charges and accrued income | 490/1 | €10,347 | €10,432 | +€85 | +0.8% |
| Total equity and liabilities | 10/49 | €902,506 | €868,114 | -€34,392 | -3.8% |
| Equity | 10/15 | €347,321 | €351,404 | +€4,083 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €346,789 | €346,789 | = | 0.0% |
| Distributable reserves | 133 | €346,789 | €346,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,668 | -€1,585 | +€4,083 | +72.0% |
| Amounts payable | 17/49 | €555,186 | €516,710 | -€38,476 | -6.9% |
| Amounts payable after more than one year | 17 | €462,275 | €430,357 | -€31,918 | -6.9% |
| Financial debts | 170/4 | €462,275 | €430,357 | -€31,918 | -6.9% |
| Amounts payable within one year | 42/48 | €87,245 | €85,085 | -€2,160 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €31,565 | €31,918 | +€353 | +1.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,448 | €37,322 | -€9,126 | -19.6% |
| Suppliers | 440/4 | €46,448 | €37,322 | -€9,126 | -19.6% |
| Taxes, remuneration and social security | 45 | €0 | €6,613 | +€6,613 | |
| Taxes | 450/3 | - | €94 | +€94 | |
| Remuneration and social security | 454/9 | €0 | €6,520 | +€6,520 | |
| Other amounts payable | 47/48 | €9,232 | €9,232 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,666 | €1,268 | -€4,398 | -77.6% |
| Remuneration, social security and pensions | 62 | €12,949 | €40,690 | +€27,741 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,977 | €18,201 | -€776 | -4.1% |
| Other operating charges | 640/8 | €3,226 | €3,375 | +€149 | +4.6% |
| Gross operating margin | 9900 | €63,098 | €72,063 | +€8,965 | +14.2% |
| Operating profit (loss) | 9901 | €27,946 | €9,797 | -€18,149 | -64.9% |
| Financial income | 75/76B | €1,077 | €719 | -€358 | -33.3% |
| Recurring financial income | 75 | €1,077 | €719 | -€358 | -33.3% |
| Financial charges | 65/66B | €6,510 | €6,339 | -€171 | -2.6% |
| Recurring financial charges | 65 | €6,510 | €6,339 | -€171 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €22,513 | €4,177 | -€18,336 | -81.4% |
| Income taxes | 67/77 | - | €94 | +€94 | |
| Profit (loss) for the period | 9904 | €22,513 | €4,083 | -€18,429 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,513 | €4,083 | -€18,429 | -81.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.