APOTHEEK VANHEE: 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 VANHEE
Largest movements
- Tangible fixed assets -€96,234
down €96,234 (-21.4%), from €448,772 to €352,538
of which Plant, machinery and equipment: -€65,058
- Cash +€67,066
up €67,066 (+13.6%), from €494,570 to €561,637
mainly Depreciation (+€96,234) and Net result for the year (+€28,692)
- Trade debts -€45,043
down €45,043 (-41.4%), from €108,837 to €63,793
- Profit (loss) carried forward +€28,692
up €28,692 (+9.0%), from €318,510 to €347,202
- Debts after one year -€15,833
down €15,833 (-44.4%), from €35,626 to €19,793
- Staff costs -€27,237
down €27,237 (-12.7%), from €213,827 to €186,589
- Gross operating margin -€20,167
down €20,167 (-5.8%), from €345,748 to €325,581
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 | €1,365,885 | €1,323,640 | -€42,245 | -3.1% |
| Fixed assets | 21/28 | €448,772 | €352,538 | -€96,234 | -21.4% |
| Tangible fixed assets | 22/27 | €448,772 | €352,538 | -€96,234 | -21.4% |
| Land and buildings | 22 | €140,407 | €120,854 | -€19,553 | -13.9% |
| Plant, machinery and equipment | 23 | €273,313 | €208,255 | -€65,058 | -23.8% |
| Furniture and vehicles | 24 | €35,052 | €23,429 | -€11,622 | -33.2% |
| Current assets | 29/58 | €917,114 | €971,103 | +€53,989 | +5.9% |
| Stocks and contracts in progress | 3 | €227,959 | €227,062 | -€897 | -0.4% |
| Stocks | 30/36 | €227,959 | €227,062 | -€897 | -0.4% |
| Amounts receivable within one year | 40/41 | €133,646 | €123,769 | -€9,878 | -7.4% |
| Trade receivables | 40 | €123,359 | €111,951 | -€11,408 | -9.2% |
| Other amounts receivable | 41 | €10,287 | €11,817 | +€1,531 | +14.9% |
| Current investments | 50/53 | €44,553 | €44,553 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €494,570 | €561,637 | +€67,066 | +13.6% |
| Deferred charges and accrued income | 490/1 | €16,385 | €14,083 | -€2,302 | -14.1% |
| Total equity and liabilities | 10/49 | €1,365,885 | €1,323,640 | -€42,245 | -3.1% |
| Equity | 10/15 | €1,160,204 | €1,188,896 | +€28,692 | +2.5% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €593,694 | €593,694 | = | 0.0% |
| Distributable reserves | 133 | €593,694 | €593,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,510 | €347,202 | +€28,692 | +9.0% |
| Amounts payable | 17/49 | €205,681 | €134,745 | -€70,937 | -34.5% |
| Amounts payable after more than one year | 17 | €35,626 | €19,793 | -€15,833 | -44.4% |
| Financial debts | 170/4 | €35,626 | €19,793 | -€15,833 | -44.4% |
| Amounts payable within one year | 42/48 | €170,056 | €114,952 | -€55,103 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €15,833 | €15,833 | = | 0.0% |
| Trade debts | 44 | €108,837 | €63,793 | -€45,043 | -41.4% |
| Suppliers | 440/4 | €108,837 | €63,793 | -€45,043 | -41.4% |
| Taxes, remuneration and social security | 45 | €45,386 | €35,086 | -€10,300 | -22.7% |
| Taxes | 450/3 | €5,106 | €83 | -€5,023 | -98.4% |
| Remuneration and social security | 454/9 | €40,280 | €35,003 | -€5,277 | -13.1% |
| Other amounts payable | 47/48 | - | €240 | +€240 | |
| Remuneration, social security and pensions | 62 | €213,827 | €186,589 | -€27,237 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,084 | €96,234 | -€1,850 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,255 | €1,079 | -€176 | -14.0% |
| Other operating charges | 640/8 | €7,116 | €3,968 | -€3,148 | -44.2% |
| Gross operating margin | 9900 | €345,748 | €325,581 | -€20,167 | -5.8% |
| Operating profit (loss) | 9901 | €25,467 | €37,711 | +€12,244 | +48.1% |
| Financial income | 75/76B | €5,926 | €4,042 | -€1,884 | -31.8% |
| Recurring financial income | 75 | €5,926 | €4,042 | -€1,884 | -31.8% |
| Financial charges | 65/66B | €3,372 | €4,024 | +€652 | +19.3% |
| Recurring financial charges | 65 | €3,372 | €4,024 | +€652 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €28,021 | €37,729 | +€9,708 | +34.6% |
| Income taxes | 67/77 | €5,728 | €9,037 | +€3,309 | +57.8% |
| Profit (loss) for the period | 9904 | €22,293 | €28,692 | +€6,399 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,293 | €28,692 | +€6,399 | +28.7% |
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 13 October 2026 via checked.be.