Apotheek Vanlaer: 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 Vanlaer
Largest movements
- Cash -€94,395
down €94,395 (-22.1%), from €427,755 to €333,360
mainly Other debts (-€132,500) and Investment in fixed assets (net) (-€87,711)
- Tangible fixed assets +€63,513
up €63,513 (+536%), from €11,850 to €75,363
of which Furniture and vehicles: +€37,524
- Receivables within one year +€40,856
up €40,856 (+24.8%), from €164,644 to €205,501
of which Trade receivables: +€35,854
- Stocks and contracts +€15,095
up €15,095 (+8.9%), from €170,428 to €185,523
- Reserves +€139,566
up €139,566 (+14.8%), from €940,170 to €1.1m
of which Distributable reserves: +€139,566
- Other debts -€132,500
no longer reported in 2025 (was €132,500)
- Trade debts +€38,491
up €38,491 (+47.6%), from €80,869 to €119,360
- Debts after one year -€16,195
down €16,195 (-74.8%), from €21,648 to €5,453
- Financial income +€28,983
up €28,983 (+30.2%), from €96,098 to €125,081
of which Financial income: +€28,581
- Gross operating margin -€19,602
down €19,602 (-10.1%), from €195,008 to €175,406
- Taxes -€15,737
down €15,737 (-25.3%), from €62,111 to €46,374
- Staff costs +€4,291
up €4,291 (+5.3%), from €81,050 to €85,341
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 | €1,224,677 | €1,249,746 | +€25,070 | +2.0% |
| Fixed assets | 21/28 | €11,850 | €75,363 | +€63,513 | +536% |
| Tangible fixed assets | 22/27 | €11,850 | €75,363 | +€63,513 | +536% |
| Land and buildings | 22 | €140 | €105 | -€35 | -25.0% |
| Plant, machinery and equipment | 23 | €6,522 | €32,547 | +€26,024 | +399% |
| Furniture and vehicles | 24 | €5,188 | €42,712 | +€37,524 | +723% |
| Current assets | 29/58 | €1,212,827 | €1,174,383 | -€38,444 | -3.2% |
| Stocks and contracts in progress | 3 | €170,428 | €185,523 | +€15,095 | +8.9% |
| Stocks | 30/36 | €170,428 | €185,523 | +€15,095 | +8.9% |
| Amounts receivable within one year | 40/41 | €164,644 | €205,501 | +€40,856 | +24.8% |
| Trade receivables | 40 | €164,644 | €200,498 | +€35,854 | +21.8% |
| Other amounts receivable | 41 | - | €5,003 | +€5,003 | |
| Current investments | 50/53 | €450,000 | €450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €427,755 | €333,360 | -€94,395 | -22.1% |
| Total equity and liabilities | 10/49 | €1,224,677 | €1,249,746 | +€25,070 | +2.0% |
| Equity | 10/15 | €958,770 | €1,098,336 | +€139,566 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €940,170 | €1,079,736 | +€139,566 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €938,310 | €1,077,876 | +€139,566 | +14.9% |
| Provisions and deferred taxes | 16 | €10,803 | €10,401 | -€402 | -3.7% |
| Provisions for liabilities and charges | 160/5 | €10,803 | €10,401 | -€402 | -3.7% |
| Other liabilities and charges | 164/5 | €10,803 | €10,401 | -€402 | -3.7% |
| Amounts payable | 17/49 | €255,104 | €141,009 | -€114,095 | -44.7% |
| Amounts payable after more than one year | 17 | €21,648 | €5,453 | -€16,195 | -74.8% |
| Financial debts | 170/4 | €21,648 | €5,453 | -€16,195 | -74.8% |
| Amounts payable within one year | 42/48 | €233,456 | €135,555 | -€97,900 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €15,952 | €16,195 | +€243 | +1.5% |
| Trade debts | 44 | €80,869 | €119,360 | +€38,491 | +47.6% |
| Suppliers | 440/4 | €80,869 | €119,360 | +€38,491 | +47.6% |
| Taxes, remuneration and social security | 45 | €4,134 | - | -€4,134 | |
| Taxes | 450/3 | €4,134 | - | -€4,134 | |
| Other amounts payable | 47/48 | €132,500 | - | -€132,500 | |
| Remuneration, social security and pensions | 62 | €81,050 | €85,341 | +€4,291 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,466 | €24,198 | -€268 | -1.1% |
| Other operating charges | 640/8 | €4,441 | €4,155 | -€286 | -6.4% |
| Gross operating margin | 9900 | €195,008 | €175,406 | -€19,602 | -10.1% |
| Operating profit (loss) | 9901 | €85,052 | €61,712 | -€23,340 | -27.4% |
| Financial income | 75/76B | €96,098 | €125,081 | +€28,983 | +30.2% |
| Recurring financial income | 75 | €96,098 | €124,679 | +€28,581 | +29.7% |
| Non-recurring financial income | 76B | - | €402 | +€402 | |
| Financial charges | 65/66B | €1,208 | €852 | -€356 | -29.5% |
| Recurring financial charges | 65 | €1,208 | €852 | -€356 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €179,942 | €185,941 | +€5,999 | +3.3% |
| Income taxes | 67/77 | €62,111 | €46,374 | -€15,737 | -25.3% |
| Profit (loss) for the period | 9904 | €117,831 | €139,566 | +€21,736 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,831 | €139,566 | +€21,736 | +18.4% |
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 19 October 2026 via checked.be.