APOTHEEK TRUWEEL: 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.
What changed
APOTHEEK TRUWEEL
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€221,349
2024 · €225,919-€4,571
Equity
€1.3m
2024 · €1.4m-€108,651
Cash
€237,009
2024 · €180,098+€56,911
Balance sheet total
€1.6m
2024 · €1.6m+€41,346
Largest movements
Assets
- Cash +€56,911
up €56,911 (+31.6%), from €180,098 to €237,009
mainly Net result for the year (+€221,349) and Other debts (+€181,855)
- Stocks and contracts +€47,468
up €47,468 (+10.8%), from €440,120 to €487,588
- Receivables within one year -€45,461
down €45,461 (-12.0%), from €379,979 to €334,517
of which Other amounts receivable: -€79,217
Equity and liabilities
- Other debts +€181,855
up €181,855, from €0 to €181,855
- Reserves -€108,651
down €108,651 (-8.9%), from €1.2m to €1.1m
of which Distributable reserves: -€108,651
Income statement
- Staff costs +€13,379
up €13,379 (+7.3%), from €182,803 to €196,182
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.
Result 2024
€225,919
Gross operating margin
+€4,344
Staff costs
-€13,379
Depreciation
+€247
Other operating charges
+€5,514
Financial income
-€2,702
Financial charges
-€218
Taxes
+€1,625
Result 2025
€221,349
raises the resultlowers the result
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.
From operations
+€428,838
Investment
-€20,480
Financing
-€351,447
Cash 2024
€180,098
From operations (derived)
+€428,838
Net result for the year
+€221,349
Depreciation
+€34,848
Stocks and contracts
-€47,468
Receivables within one year
+€45,461
Deferred charges and accrued income
+€3,203
Smaller working-capital items
-€955
Tax, wage and social debts
-€9,454
Other debts
+€181,855
Investment (derived)
-€20,480
Investment in fixed assets (net)
-€20,480
Financing
-€351,447
Debts after one year
-€14,477
Current portion of long-term debt
-€6,970
Contributions, distributions and other
-€330,000
Cash 2025
€237,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,567,049 | €1,608,396 | +€41,346 | +2.6% |
| Fixed assets | 21/28 | €41,839 | €27,471 | -€14,368 | -34.3% |
| Tangible fixed assets | 22/27 | €41,839 | €27,471 | -€14,368 | -34.3% |
| Land and buildings | 22 | €24,077 | €0 | -€24,077 | -100% |
| Plant, machinery and equipment | 23 | €13,506 | €25,904 | +€12,397 | +91.8% |
| Furniture and vehicles | 24 | €4,255 | €1,567 | -€2,688 | -63.2% |
| Current assets | 29/58 | €1,525,210 | €1,580,925 | +€55,715 | +3.7% |
| Stocks and contracts in progress | 3 | €440,120 | €487,588 | +€47,468 | +10.8% |
| Stocks | 30/36 | €440,120 | €487,588 | +€47,468 | +10.8% |
| Amounts receivable within one year | 40/41 | €379,979 | €334,517 | -€45,461 | -12.0% |
| Trade receivables | 40 | €278,530 | €312,286 | +€33,756 | +12.1% |
| Other amounts receivable | 41 | €101,448 | €22,231 | -€79,217 | -78.1% |
| Current investments | 50/53 | €496,412 | €496,412 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,098 | €237,009 | +€56,911 | +31.6% |
| Deferred charges and accrued income | 490/1 | €28,601 | €25,398 | -€3,203 | -11.2% |
| Total equity and liabilities | 10/49 | €1,567,049 | €1,608,396 | +€41,346 | +2.6% |
| Equity | 10/15 | €1,372,393 | €1,263,742 | -€108,651 | -7.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,222,393 | €1,113,742 | -€108,651 | -8.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €470 | €470 | = | 0.0% |
| Distributable reserves | 133 | €1,206,923 | €1,098,272 | -€108,651 | -9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,656 | €344,654 | +€149,998 | +77.1% |
| Amounts payable after more than one year | 17 | €14,477 | €0 | -€14,477 | -100% |
| Financial debts | 170/4 | €14,477 | €0 | -€14,477 | -100% |
| Amounts payable within one year | 42/48 | €179,846 | €344,654 | +€164,808 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €21,447 | €14,477 | -€6,970 | -32.5% |
| Trade debts | 44 | €108,548 | €107,926 | -€622 | -0.6% |
| Suppliers | 440/4 | €108,548 | €107,926 | -€622 | -0.6% |
| Taxes, remuneration and social security | 45 | €49,850 | €40,396 | -€9,454 | -19.0% |
| Taxes | 450/3 | €12,761 | €1,455 | -€11,306 | -88.6% |
| Remuneration and social security | 454/9 | €37,090 | €38,941 | +€1,852 | +5.0% |
| Other amounts payable | 47/48 | €0 | €181,855 | +€181,855 | |
| Accrued charges and deferred income | 492/3 | €333 | €0 | -€333 | -100% |
| Remuneration, social security and pensions | 62 | €182,803 | €196,182 | +€13,379 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,094 | €34,848 | -€247 | -0.7% |
| Other operating charges | 640/8 | €8,454 | €2,941 | -€5,514 | -65.2% |
| Gross operating margin | 9900 | €559,897 | €564,241 | +€4,344 | +0.8% |
| Operating profit (loss) | 9901 | €333,545 | €330,270 | -€3,275 | -1.0% |
| Financial income | 75/76B | €6,625 | €3,923 | -€2,702 | -40.8% |
| Recurring financial income | 75 | €6,625 | €3,923 | -€2,702 | -40.8% |
| Financial charges | 65/66B | €36,757 | €36,976 | +€218 | +0.6% |
| Recurring financial charges | 65 | €36,757 | €36,976 | +€218 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €303,413 | €297,218 | -€6,196 | -2.0% |
| Income taxes | 67/77 | €77,494 | €75,869 | -€1,625 | -2.1% |
| Profit (loss) for the period | 9904 | €225,919 | €221,349 | -€4,571 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €225,919 | €221,349 | -€4,571 | -2.0% |
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 28 October 2026 via checked.be.