APOTHEEK THIELS: 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 THIELS
Largest movements
- Cash +€55,144
up €55,144 (+30.6%), from €180,222 to €235,367
mainly Other debts (+€64,414) and Trade debts (+€50,283)
- Deferred charges and accrued income +€23,080
up €23,080 (+402%), from €5,746 to €28,825
- Tangible fixed assets -€13,055
down €13,055 (-5.4%), from €243,460 to €230,405
of which Land and buildings: -€9,732
- Stocks and contracts +€11,310
up €11,310 (+5.0%), from €224,236 to €235,546
- Other debts +€64,414
up €64,414 (+14.7%), from €437,499 to €501,913
- Trade debts +€50,283
up €50,283 (+118%), from €42,701 to €92,984
- Accrued charges and deferred income -€32,241
down €32,241 (-73.7%), from €43,737 to €11,497
- Gross operating margin -€27,344
down €27,344 (-21.1%), from €129,296 to €101,953
- Depreciation -€3,658
down €3,658 (-21.9%), from €16,713 to €13,055
- Staff costs +€1,968
up €1,968 (+6.1%), from €32,106 to €34,074
- Financial charges -€1,660
down €1,660 (-20.8%), from €7,972 to €6,312
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 | €740,836 | €823,792 | +€82,956 | +11.2% |
| Fixed assets | 21/28 | €247,292 | €234,237 | -€13,055 | -5.3% |
| Tangible fixed assets | 22/27 | €243,460 | €230,405 | -€13,055 | -5.4% |
| Land and buildings | 22 | €232,381 | €222,649 | -€9,732 | -4.2% |
| Plant, machinery and equipment | 23 | €6,237 | €4,632 | -€1,605 | -25.7% |
| Furniture and vehicles | 24 | €4,843 | €3,124 | -€1,718 | -35.5% |
| Financial fixed assets | 28 | €3,832 | €3,832 | = | 0.0% |
| Current assets | 29/58 | €493,544 | €589,556 | +€96,011 | +19.5% |
| Stocks and contracts in progress | 3 | €224,236 | €235,546 | +€11,310 | +5.0% |
| Stocks | 30/36 | €224,236 | €235,546 | +€11,310 | +5.0% |
| Amounts receivable within one year | 40/41 | €83,340 | €89,818 | +€6,477 | +7.8% |
| Trade receivables | 40 | €83,060 | €87,648 | +€4,588 | +5.5% |
| Other amounts receivable | 41 | €280 | €2,170 | +€1,890 | +674% |
| Cash at bank and in hand | 54/58 | €180,222 | €235,367 | +€55,144 | +30.6% |
| Deferred charges and accrued income | 490/1 | €5,746 | €28,825 | +€23,080 | +402% |
| Total equity and liabilities | 10/49 | €740,836 | €823,792 | +€82,956 | +11.2% |
| Equity | 10/15 | €207,287 | €207,778 | +€491 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €145,287 | €145,778 | +€491 | +0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €139,087 | €139,578 | +€491 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €533,549 | €616,015 | +€82,465 | +15.5% |
| Amounts payable within one year | 42/48 | €489,812 | €604,518 | +€114,706 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €42,701 | €92,984 | +€50,283 | +118% |
| Suppliers | 440/4 | €42,701 | €92,984 | +€50,283 | +118% |
| Taxes, remuneration and social security | 45 | €9,612 | €9,621 | +€9 | +0.1% |
| Taxes | 450/3 | €2,284 | €1,921 | -€363 | -15.9% |
| Remuneration and social security | 454/9 | €7,328 | €7,700 | +€372 | +5.1% |
| Other amounts payable | 47/48 | €437,499 | €501,913 | +€64,414 | +14.7% |
| Accrued charges and deferred income | 492/3 | €43,737 | €11,497 | -€32,241 | -73.7% |
| Remuneration, social security and pensions | 62 | €32,106 | €34,074 | +€1,968 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,713 | €13,055 | -€3,658 | -21.9% |
| Other operating charges | 640/8 | €2,189 | €2,193 | +€4 | +0.2% |
| Gross operating margin | 9900 | €129,296 | €101,953 | -€27,344 | -21.1% |
| Operating profit (loss) | 9901 | €78,288 | €52,630 | -€25,658 | -32.8% |
| Financial income | 75/76B | €1,460 | €1,910 | +€450 | +30.8% |
| Recurring financial income | 75 | €1,460 | €1,910 | +€450 | +30.8% |
| Financial charges | 65/66B | €7,972 | €6,312 | -€1,660 | -20.8% |
| Recurring financial charges | 65 | €7,972 | €6,312 | -€1,660 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €71,776 | €48,229 | -€23,547 | -32.8% |
| Income taxes | 67/77 | €794 | €438 | -€356 | -44.9% |
| Profit (loss) for the period | 9904 | €70,982 | €47,791 | -€23,191 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,982 | €47,791 | -€23,191 | -32.7% |
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 25 October 2026 via checked.be.