APOTHEEK THIELEMANS: 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 THIELEMANS
Largest movements
- Tangible fixed assets -€50,589
down €50,589 (-5.1%), from €983,508 to €932,919
of which Plant, machinery and equipment: -€25,522
- Cash +€17,921
up €17,921 (+19.5%), from €91,704 to €109,626
mainly Depreciation (+€70,715) and Net result for the year (+€46,334)
- Stocks and contracts +€15,869
up €15,869 (+10.2%), from €155,032 to €170,900
- Debts after one year -€69,614
down €69,614 (-7.8%), from €890,185 to €820,570
- Reserves +€46,000
up €46,000 (+76.7%), from €60,000 to €106,000
- Gross operating margin -€16,719
down €16,719 (-9.9%), from €169,538 to €152,819
- Taxes -€2,725
down €2,725 (-13.1%), from €20,775 to €18,051
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 | €1,395,594 | €1,364,965 | -€30,629 | -2.2% |
| Fixed assets | 21/28 | €1,064,758 | €1,001,669 | -€63,089 | -5.9% |
| Intangible fixed assets | 21 | €81,250 | €68,750 | -€12,500 | -15.4% |
| Tangible fixed assets | 22/27 | €983,508 | €932,919 | -€50,589 | -5.1% |
| Land and buildings | 22 | €873,252 | €848,185 | -€25,067 | -2.9% |
| Plant, machinery and equipment | 23 | €110,256 | €84,734 | -€25,522 | -23.1% |
| Current assets | 29/58 | €330,836 | €363,296 | +€32,460 | +9.8% |
| Stocks and contracts in progress | 3 | €155,032 | €170,900 | +€15,869 | +10.2% |
| Stocks | 30/36 | €155,032 | €170,900 | +€15,869 | +10.2% |
| Amounts receivable within one year | 40/41 | €68,869 | €64,940 | -€3,929 | -5.7% |
| Trade receivables | 40 | €61,645 | €55,766 | -€5,878 | -9.5% |
| Other amounts receivable | 41 | €7,225 | €9,174 | +€1,949 | +27.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,704 | €109,626 | +€17,921 | +19.5% |
| Deferred charges and accrued income | 490/1 | €10,231 | €12,831 | +€2,600 | +25.4% |
| Total equity and liabilities | 10/49 | €1,395,594 | €1,364,965 | -€30,629 | -2.2% |
| Equity | 10/15 | €379,305 | €425,639 | +€46,334 | +12.2% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €106,000 | +€46,000 | +76.7% |
| Distributable reserves | 133 | €60,000 | €106,000 | +€46,000 | +76.7% |
| Profit (loss) carried forward | 14 | €159,305 | €159,639 | +€334 | +0.2% |
| Amounts payable | 17/49 | €1,016,290 | €939,327 | -€76,963 | -7.6% |
| Amounts payable after more than one year | 17 | €890,185 | €820,570 | -€69,614 | -7.8% |
| Financial debts | 170/4 | €890,185 | €820,570 | -€69,614 | -7.8% |
| Amounts payable within one year | 42/48 | €122,939 | €115,489 | -€7,450 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €69,614 | €69,614 | +€0 | 0.0% |
| Trade debts | 44 | €48,897 | €43,673 | -€5,224 | -10.7% |
| Suppliers | 440/4 | €48,897 | €43,673 | -€5,224 | -10.7% |
| Taxes, remuneration and social security | 45 | €4,212 | €2,203 | -€2,009 | -47.7% |
| Taxes | 450/3 | €4,212 | €2,203 | -€2,009 | -47.7% |
| Other amounts payable | 47/48 | €216 | - | -€216 | |
| Accrued charges and deferred income | 492/3 | €3,166 | €3,267 | +€101 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,037 | €70,715 | -€323 | -0.5% |
| Other operating charges | 640/8 | €1,330 | €1,360 | +€31 | +2.3% |
| Gross operating margin | 9900 | €169,538 | €152,819 | -€16,719 | -9.9% |
| Operating profit (loss) | 9901 | €97,171 | €80,744 | -€16,427 | -16.9% |
| Financial income | 75/76B | €1,332 | €609 | -€723 | -54.3% |
| Recurring financial income | 75 | €1,332 | €609 | -€723 | -54.3% |
| Financial charges | 65/66B | €17,432 | €16,968 | -€463 | -2.7% |
| Recurring financial charges | 65 | €17,432 | €16,968 | -€463 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €81,072 | €64,385 | -€16,687 | -20.6% |
| Income taxes | 67/77 | €20,775 | €18,051 | -€2,725 | -13.1% |
| Profit (loss) for the period | 9904 | €60,296 | €46,334 | -€13,963 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,296 | €46,334 | -€13,963 | -23.2% |
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.