APOTHEEK THIELEN: what changed
APOTHEEK THIELEN
Largest movements
- Cash -€82,266
down €82,266 (-44.3%), from €185,535 to €103,270
mainly Short-term financial debts (-€90,000) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€33,752
up €33,752 (+39.6%), from €85,195 to €118,947
of which Trade receivables: +€37,080
- Stocks and contracts +€28,562
up €28,562 (+14.5%), from €197,334 to €225,896
- Short-term financial debts -€90,000
no longer reported in 2025 (was €90,000)
- Other debts +€39,078
up €39,078 (+233%), from €16,785 to €55,863
- Profit (loss) carried forward +€31,820
up €31,820 (+54.1%), from €58,838 to €90,658
- Trade debts +€5,754
up €5,754 (+8.9%), from €64,735 to €70,489
- Other operating charges -€19,403
down €19,403 (-79.7%), from €24,342 to €4,940
- Depreciation -€18,666
down €18,666 (-81.8%), from €22,829 to €4,164
- Staff costs +€18,047
up €18,047 (+9.8%), from €183,517 to €201,563
- Gross operating margin +€10,444
up €10,444 (+3.5%), from €297,126 to €307,570
- Taxes +€8,379
up €8,379 (+39.9%), from €20,985 to €29,364
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,533 | €470,532 | -€18,002 | -3.7% |
| Fixed assets | 21/28 | €10,906 | €14,237 | +€3,331 | +30.5% |
| Tangible fixed assets | 22/27 | €10,906 | €14,237 | +€3,331 | +30.5% |
| Land and buildings | 22 | €7,597 | €5,721 | -€1,876 | -24.7% |
| Plant, machinery and equipment | 23 | €2,255 | €7,822 | +€5,567 | +247% |
| Furniture and vehicles | 24 | €1,054 | €693 | -€361 | -34.2% |
| Current assets | 29/58 | €477,627 | €456,295 | -€21,332 | -4.5% |
| Stocks and contracts in progress | 3 | €197,334 | €225,896 | +€28,562 | +14.5% |
| Stocks | 30/36 | €197,334 | €225,896 | +€28,562 | +14.5% |
| Amounts receivable within one year | 40/41 | €85,195 | €118,947 | +€33,752 | +39.6% |
| Trade receivables | 40 | €80,173 | €117,253 | +€37,080 | +46.2% |
| Other amounts receivable | 41 | €5,022 | €1,695 | -€3,327 | -66.3% |
| Cash at bank and in hand | 54/58 | €185,535 | €103,270 | -€82,266 | -44.3% |
| Deferred charges and accrued income | 490/1 | €9,563 | €8,181 | -€1,381 | -14.4% |
| Total equity and liabilities | 10/49 | €488,533 | €470,532 | -€18,002 | -3.7% |
| Equity | 10/15 | €284,020 | €315,840 | +€31,820 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206,582 | €206,582 | = | 0.0% |
| Distributable reserves | 133 | €206,582 | €206,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,838 | €90,658 | +€31,820 | +54.1% |
| Amounts payable | 17/49 | €204,513 | €154,692 | -€49,822 | -24.4% |
| Amounts payable within one year | 42/48 | €204,513 | €154,692 | -€49,822 | -24.4% |
| Financial debts | 43 | €90,000 | - | -€90,000 | |
| Credit institutions | 430/8 | €90,000 | - | -€90,000 | |
| Trade debts | 44 | €64,735 | €70,489 | +€5,754 | +8.9% |
| Suppliers | 440/4 | €64,735 | €70,489 | +€5,754 | +8.9% |
| Taxes, remuneration and social security | 45 | €32,993 | €28,340 | -€4,653 | -14.1% |
| Taxes | 450/3 | €985 | €2,560 | +€1,575 | +160% |
| Remuneration and social security | 454/9 | €32,008 | €25,780 | -€6,228 | -19.5% |
| Other amounts payable | 47/48 | €16,785 | €55,863 | +€39,078 | +233% |
| Remuneration, social security and pensions | 62 | €183,517 | €201,563 | +€18,047 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,829 | €4,164 | -€18,666 | -81.8% |
| Other operating charges | 640/8 | €24,342 | €4,940 | -€19,403 | -79.7% |
| Gross operating margin | 9900 | €297,126 | €307,570 | +€10,444 | +3.5% |
| Operating profit (loss) | 9901 | €66,437 | €96,903 | +€30,466 | +45.9% |
| Financial income | 75/76B | €23,696 | €22,117 | -€1,579 | -6.7% |
| Recurring financial income | 75 | €23,696 | €22,117 | -€1,579 | -6.7% |
| Financial charges | 65/66B | €10,453 | €7,835 | -€2,618 | -25.0% |
| Recurring financial charges | 65 | €10,453 | €7,835 | -€2,618 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €79,680 | €111,184 | +€31,504 | +39.5% |
| Income taxes | 67/77 | €20,985 | €29,364 | +€8,379 | +39.9% |
| Profit (loss) for the period | 9904 | €58,695 | €81,820 | +€23,125 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,695 | €81,820 | +€23,125 | +39.4% |
Next steps
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 5 November 2026 via checked.be.