APOTHEEK VANDAELE: what changed
What changed
APOTHEEK VANDAELE
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€106,559
2024 · €99,354+€7,205
Equity
€660,802
2024 · €564,243+€96,559
Cash
€237,132
2024 · €408,454-€171,322
Balance sheet total
€789,865
2024 · €769,713+€20,152
Largest movements
Assets
- Cash -€171,322
down €171,322 (-41.9%), from €408,454 to €237,132
mainly Current investments (-€165,850) and Other debts (-€59,716)
- Current investments +€165,850
up €165,850 (+133%), from €124,722 to €290,571
- Tangible fixed assets +€22,579
up €22,579 (+62.4%), from €36,208 to €58,787
of which Other tangible fixed assets: +€18,001
Equity and liabilities
- Reserves +€96,559
up €96,559 (+19.7%), from €489,243 to €585,802
of which Distributable reserves: +€96,559
- Other debts -€59,716
down €59,716 (-40.2%), from €148,432 to €88,716
- Trade debts -€10,185
down €10,185 (-21.0%), from €48,499 to €38,314
Income statement
- Gross operating margin +€14,087
up €14,087 (+7.5%), from €187,079 to €201,165
- Staff costs +€4,545
up €4,545 (+11.5%), from €39,451 to €43,997
- Taxes +€2,691
up €2,691 (+8.3%), from €32,454 to €35,145
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.
Result 2024
€99,354
Gross operating margin
+€14,087
Staff costs
-€4,545
Depreciation
-€872
Other operating charges
+€22
Other operating items
-€464
Financial income
+€1,628
Financial charges
+€39
Taxes
-€2,691
Result 2025
€106,559
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€38,915
Investment
-€200,237
Financing
-€10,000
Cash 2024
€408,454
From operations (derived)
+€38,915
Net result for the year
+€106,559
Depreciation
+€11,808
Stocks and contracts
-€1,278
Receivables within one year
-€1,115
Deferred charges and accrued income
-€653
Trade debts
-€10,185
Tax, wage and social debts
-€6,193
Other debts
-€59,716
Accrued charges and deferred income
-€312
Investment (derived)
-€200,237
Investment in fixed assets (net)
-€34,387
Current investments
-€165,850
Financing
-€10,000
Contributions, distributions and other
-€10,000
Cash 2025
€237,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €769,713 | €789,865 | +€20,152 | +2.6% |
| Fixed assets | 21/28 | €36,208 | €58,787 | +€22,579 | +62.4% |
| Tangible fixed assets | 22/27 | €36,208 | €58,787 | +€22,579 | +62.4% |
| Plant, machinery and equipment | 23 | €1,591 | €3,965 | +€2,374 | +149% |
| Furniture and vehicles | 24 | €30,211 | €32,415 | +€2,204 | +7.3% |
| Other tangible fixed assets | 26 | €4,406 | €22,407 | +€18,001 | +409% |
| Current assets | 29/58 | €733,505 | €731,078 | -€2,427 | -0.3% |
| Stocks and contracts in progress | 3 | €157,098 | €158,376 | +€1,278 | +0.8% |
| Stocks | 30/36 | €157,098 | €158,376 | +€1,278 | +0.8% |
| Amounts receivable within one year | 40/41 | €41,035 | €42,150 | +€1,115 | +2.7% |
| Trade receivables | 40 | €10,890 | €13,197 | +€2,306 | +21.2% |
| Other amounts receivable | 41 | €30,145 | €28,954 | -€1,191 | -4.0% |
| Current investments | 50/53 | €124,722 | €290,571 | +€165,850 | +133% |
| Cash at bank and in hand | 54/58 | €408,454 | €237,132 | -€171,322 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,196 | €2,848 | +€653 | +29.7% |
| Total equity and liabilities | 10/49 | €769,713 | €789,865 | +€20,152 | +2.6% |
| Equity | 10/15 | €564,243 | €660,802 | +€96,559 | +17.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €489,243 | €585,802 | +€96,559 | +19.7% |
| Tax-exempt reserves | 132 | €450 | €450 | = | 0.0% |
| Distributable reserves | 133 | €488,793 | €585,352 | +€96,559 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,470 | €129,063 | -€76,407 | -37.2% |
| Amounts payable within one year | 42/48 | €205,120 | €129,026 | -€76,095 | -37.1% |
| Trade debts | 44 | €48,499 | €38,314 | -€10,185 | -21.0% |
| Suppliers | 440/4 | €48,499 | €38,314 | -€10,185 | -21.0% |
| Taxes, remuneration and social security | 45 | €8,189 | €1,996 | -€6,193 | -75.6% |
| Taxes | 450/3 | €428 | €1,158 | +€730 | +171% |
| Remuneration and social security | 454/9 | €7,761 | €837 | -€6,924 | -89.2% |
| Other amounts payable | 47/48 | €148,432 | €88,716 | -€59,716 | -40.2% |
| Accrued charges and deferred income | 492/3 | €350 | €38 | -€312 | -89.3% |
| Remuneration, social security and pensions | 62 | €39,451 | €43,997 | +€4,545 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,937 | €11,808 | +€872 | +8.0% |
| Other operating charges | 640/8 | €1,789 | €1,767 | -€22 | -1.2% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €187,079 | €201,165 | +€14,087 | +7.5% |
| Operating profit (loss) | 9901 | €134,901 | €143,130 | +€8,228 | +6.1% |
| Financial income | 75/76B | €3,095 | €4,724 | +€1,628 | +52.6% |
| Recurring financial income | 75 | €3,095 | €4,724 | +€1,628 | +52.6% |
| Financial charges | 65/66B | €6,188 | €6,149 | -€39 | -0.6% |
| Recurring financial charges | 65 | €6,188 | €6,149 | -€39 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €131,808 | €141,704 | +€9,896 | +7.5% |
| Income taxes | 67/77 | €32,454 | €35,145 | +€2,691 | +8.3% |
| Profit (loss) for the period | 9904 | €99,354 | €106,559 | +€7,205 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,354 | €106,559 | +€7,205 | +7.3% |
Next steps
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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.