APOTHEEK VANDERSTEEN: 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 VANDERSTEEN
Largest movements
- Stocks and contracts +€19,122
up €19,122 (+9.4%), from €203,219 to €222,341
- Cash -€15,828
down €15,828 (-15.7%), from €100,601 to €84,773
mainly Contributions, distributions and other (-€103,000) and Current portion of long-term debt (-€23,676)
- Tangible fixed assets -€15,578
down €15,578 (-17.3%), from €90,058 to €74,480
of which Leasing and similar rights: -€9,875
- Receivables within one year -€10,447
down €10,447 (-6.3%), from €166,471 to €156,023
of which Other amounts receivable: -€21,354
- Current portion of long-term debt -€23,676
down €23,676 (-56.9%), from €41,629 to €17,953
- Debts after one year -€17,953
down €17,953 (-34.8%), from €51,544 to €33,592
- Other debts +€8,417
up €8,417 (+8.6%), from €97,393 to €105,810
- Tax, wage and social debts +€7,349
up €7,349 (+42.1%), from €17,440 to €24,789
of which Taxes: +€5,013
- Depreciation -€32,893
down €32,893 (-65.2%), from €50,469 to €17,576
- Staff costs +€18,384
up €18,384 (+16.9%), from €108,722 to €127,105
- Gross operating margin +€13,779
up €13,779 (+5.5%), from €249,193 to €262,972
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 | €567,174 | €542,498 | -€24,676 | -4.4% |
| Fixed assets | 21/28 | €95,242 | €78,827 | -€16,416 | -17.2% |
| Intangible fixed assets | 21 | €3,534 | €2,697 | -€838 | -23.7% |
| Tangible fixed assets | 22/27 | €90,058 | €74,480 | -€15,578 | -17.3% |
| Land and buildings | 22 | €2,281 | €2,091 | -€190 | -8.3% |
| Plant, machinery and equipment | 23 | €427 | €108 | -€318 | -74.6% |
| Furniture and vehicles | 24 | €1,970 | €1,245 | -€726 | -36.8% |
| Leasing and similar rights | 25 | €54,353 | €44,478 | -€9,875 | -18.2% |
| Other tangible fixed assets | 26 | €31,026 | €26,558 | -€4,469 | -14.4% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €471,932 | €463,672 | -€8,260 | -1.8% |
| Stocks and contracts in progress | 3 | €203,219 | €222,341 | +€19,122 | +9.4% |
| Stocks | 30/36 | €203,219 | €222,341 | +€19,122 | +9.4% |
| Amounts receivable within one year | 40/41 | €166,471 | €156,023 | -€10,447 | -6.3% |
| Trade receivables | 40 | €65,612 | €76,518 | +€10,906 | +16.6% |
| Other amounts receivable | 41 | €100,859 | €79,505 | -€21,354 | -21.2% |
| Cash at bank and in hand | 54/58 | €100,601 | €84,773 | -€15,828 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,641 | €535 | -€1,106 | -67.4% |
| Total equity and liabilities | 10/49 | €567,174 | €542,498 | -€24,676 | -4.4% |
| Equity | 10/15 | €181,815 | €182,100 | +€285 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €163,223 | €163,508 | +€285 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €163,223 | €163,508 | +€285 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €385,359 | €360,399 | -€24,960 | -6.5% |
| Amounts payable after more than one year | 17 | €51,544 | €33,592 | -€17,953 | -34.8% |
| Financial debts | 170/4 | €51,544 | €33,592 | -€17,953 | -34.8% |
| Amounts payable within one year | 42/48 | €333,814 | €326,807 | -€7,008 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €41,629 | €17,953 | -€23,676 | -56.9% |
| Trade debts | 44 | €177,352 | €178,255 | +€902 | +0.5% |
| Suppliers | 440/4 | €177,352 | €178,255 | +€902 | +0.5% |
| Taxes, remuneration and social security | 45 | €17,440 | €24,789 | +€7,349 | +42.1% |
| Taxes | 450/3 | €3,868 | €8,881 | +€5,013 | +130% |
| Remuneration and social security | 454/9 | €13,572 | €15,908 | +€2,336 | +17.2% |
| Other amounts payable | 47/48 | €97,393 | €105,810 | +€8,417 | +8.6% |
| Remuneration, social security and pensions | 62 | €108,722 | €127,105 | +€18,384 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,469 | €17,576 | -€32,893 | -65.2% |
| Other operating charges | 640/8 | €493 | €2,965 | +€2,471 | +501% |
| Non-recurring operating charges | 66A | €0 | €1,727 | +€1,727 | |
| Gross operating margin | 9900 | €249,193 | €262,972 | +€13,779 | +5.5% |
| Operating profit (loss) | 9901 | €89,509 | €113,599 | +€24,090 | +26.9% |
| Financial income | 75/76B | €3,893 | €3,361 | -€532 | -13.7% |
| Recurring financial income | 75 | €3,893 | €3,361 | -€532 | -13.7% |
| Financial charges | 65/66B | €10,284 | €10,476 | +€191 | +1.9% |
| Recurring financial charges | 65 | €10,284 | €10,476 | +€191 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €83,117 | €106,484 | +€23,367 | +28.1% |
| Income taxes | 67/77 | €2,512 | €3,200 | +€688 | +27.4% |
| Profit (loss) for the period | 9904 | €80,606 | €103,285 | +€22,679 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,606 | €103,285 | +€22,679 | +28.1% |
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 28 October 2026 via checked.be.