APOTHEEK VAN GORP: 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 VAN GORP
NACE 47.730, Retail sale of pharmaceutical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,956
2024 · -€40,506+€23,550
Equity
€27,549
2024 · €44,504-€16,956
Cash
€28,720
2024 · €14,999+€13,720
Balance sheet total
€3.3m
2024 · €3.4m-€36,675
Largest movements
Assets
- Tangible fixed assets -€43,400
down €43,400 (-2.5%), from €1.7m to €1.7m
of which Land and buildings: -€36,776
Equity and liabilities
- Short-term financial debts -€156,779
down €156,779 (-8.9%), from €1.8m to €1.6m
- Trade debts +€155,732
up €155,732 (+54.0%), from €288,197 to €443,929
Income statement
- Gross operating margin +€20,392
up €20,392 (+6.8%), from €300,705 to €321,097
- Financial charges -€11,725
down €11,725 (-12.5%), from €94,118 to €82,392
- Staff costs +€7,464
up €7,464 (+3.7%), from €199,252 to €206,715
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
-€40,506
Gross operating margin
+€20,392
Staff costs
-€7,464
Depreciation
+€581
Other operating charges
-€1
Financial income
-€1,709
Financial charges
+€11,725
Taxes
+€26
Result 2025
-€16,956
Cash bridge derived
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
+€185,094
Investment
+€3,246
Financing
-€174,619
Cash 2024
€14,999
From operations (derived)
+€185,094
Net result for the year
-€16,956
Depreciation
+€40,154
Stocks and contracts
+€12,645
Receivables within one year
-€9,563
Deferred charges and accrued income
+€3,914
Trade debts
+€155,732
Tax, wage and social debts
+€896
Advances received
-€1,728
Investment (derived)
+€3,246
Investment in fixed assets (net)
+€3,246
Financing
-€174,619
Current portion of long-term debt
-€17,840
Short-term financial debts
-€156,779
Cash 2025
€28,720
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,358,760 | €3,322,085 | -€36,675 | -1.1% |
| Fixed assets | 21/28 | €1,731,978 | €1,688,578 | -€43,400 | -2.5% |
| Tangible fixed assets | 22/27 | €1,731,730 | €1,688,330 | -€43,400 | -2.5% |
| Land and buildings | 22 | €1,717,541 | €1,680,766 | -€36,776 | -2.1% |
| Plant, machinery and equipment | 23 | €4,580 | €3,374 | -€1,206 | -26.3% |
| Furniture and vehicles | 24 | €9,609 | €4,190 | -€5,418 | -56.4% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €1,626,782 | €1,633,507 | +€6,725 | +0.4% |
| Stocks and contracts in progress | 3 | €130,962 | €118,316 | -€12,645 | -9.7% |
| Stocks | 30/36 | €130,962 | €118,316 | -€12,645 | -9.7% |
| Amounts receivable within one year | 40/41 | €1,463,310 | €1,472,873 | +€9,563 | +0.7% |
| Trade receivables | 40 | €99,963 | €126,234 | +€26,271 | +26.3% |
| Other amounts receivable | 41 | €1,363,347 | €1,346,639 | -€16,708 | -1.2% |
| Current investments | 50/53 | €803 | €803 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,999 | €28,720 | +€13,720 | +91.5% |
| Deferred charges and accrued income | 490/1 | €16,708 | €12,795 | -€3,914 | -23.4% |
| Total equity and liabilities | 10/49 | €3,358,760 | €3,322,085 | -€36,675 | -1.1% |
| Equity | 10/15 | €44,504 | €27,549 | -€16,956 | -38.1% |
| 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 | €30,939 | €30,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €24,739 | €24,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,434 | -€65,390 | -€16,956 | -35.0% |
| Amounts payable | 17/49 | €3,314,256 | €3,294,536 | -€19,719 | -0.6% |
| Amounts payable within one year | 42/48 | €3,314,256 | €3,294,536 | -€19,719 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €17,840 | €0 | -€17,840 | -100.0% |
| Financial debts | 43 | €1,769,779 | €1,613,000 | -€156,779 | -8.9% |
| Credit institutions | 430/8 | €1,769,779 | €1,613,000 | -€156,779 | -8.9% |
| Trade debts | 44 | €288,197 | €443,929 | +€155,732 | +54.0% |
| Suppliers | 440/4 | €288,197 | €443,929 | +€155,732 | +54.0% |
| Advances received on contracts in progress | 46 | €1,728 | €0 | -€1,728 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,008 | €25,904 | +€896 | +3.6% |
| Remuneration and social security | 454/9 | €25,008 | €25,904 | +€896 | +3.6% |
| Other amounts payable | 47/48 | €1,211,704 | €1,211,704 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €199,252 | €206,715 | +€7,464 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,736 | €40,154 | -€581 | -1.4% |
| Other operating charges | 640/8 | €8,872 | €8,873 | +€1 | 0.0% |
| Gross operating margin | 9900 | €300,705 | €321,097 | +€20,392 | +6.8% |
| Operating profit (loss) | 9901 | €51,846 | €65,354 | +€13,508 | +26.1% |
| Financial income | 75/76B | €1,908 | €199 | -€1,709 | -89.6% |
| Recurring financial income | 75 | €1,908 | €199 | -€1,709 | -89.6% |
| Financial charges | 65/66B | €94,118 | €82,392 | -€11,725 | -12.5% |
| Recurring financial charges | 65 | €94,118 | €82,392 | -€11,725 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,364 | -€16,839 | +€23,525 | +58.3% |
| Income taxes | 67/77 | €142 | €117 | -€26 | -18.0% |
| Profit (loss) for the period | 9904 | -€40,506 | -€16,956 | +€23,550 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,506 | -€16,956 | +€23,550 | +58.1% |
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 12 October 2026 via checked.be.