APOTHEEK VANMEER: what changed
What changed
APOTHEEK VANMEER
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€50,193
2024 · €43,358+€6,835
Equity
€1.6m
2024 · €810,092+€758,811
Cash
€469,710
2024 · €411,099+€58,611
Balance sheet total
€1.8m
2024 · €978,297+€822,451
Largest movements
Assets
- Current investments +€671,597
up €671,597, from €0 to €671,597
- Receivables within one year +€59,039
up €59,039 (+49.6%), from €119,072 to €178,112
of which Trade receivables: +€44,795
- Cash +€58,611
up €58,611 (+14.3%), from €411,099 to €469,710
mainly Contributions, distributions and other (+€708,618) and Net result for the year (+€50,193)
Equity and liabilities
- Reserves +€759,311
up €759,311 (+101%), from €748,092 to €1.5m
of which Distributable reserves: +€757,555
- Debts after one year +€25,000
new in 2025: €25,000
- Other debts +€22,479
up €22,479 (+130%), from €17,291 to €39,770
Income statement
- Staff costs +€44,287
up €44,287 (+43.2%), from €102,556 to €146,842
- Taxes -€36,937
down €36,937, from €20,548 to -€16,388
- Gross operating margin +€28,485
up €28,485 (+12.8%), from €222,028 to €250,513
- Depreciation +€12,752
up €12,752 (+56.5%), from €22,587 to €35,340
- Other operating charges +€4,240
up €4,240 (+199%), from €2,132 to €6,372
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
€43,358
Gross operating margin
+€28,485
Staff costs
-€44,287
Depreciation
-€12,752
Other operating charges
-€4,240
Financial income
+€2,036
Financial charges
+€656
Taxes
+€36,937
Result 2025
€50,193
raises the resultlowers the result
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
+€46,781
Investment
-€721,788
Financing
+€733,618
Cash 2024
€411,099
From operations (derived)
+€46,781
Net result for the year
+€50,193
Depreciation
+€35,340
Stocks and contracts
-€5,928
Receivables within one year
-€59,039
Deferred charges and accrued income
-€12,424
Trade debts
+€13,459
Tax, wage and social debts
+€5,442
Other debts
+€22,479
Accrued charges and deferred income
-€2,740
Investment (derived)
-€721,788
Investment in fixed assets (net)
-€50,191
Current investments
-€671,597
Financing
+€733,618
Debts after one year
+€25,000
Contributions, distributions and other
+€708,618
Cash 2025
€469,710
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €978,297 | €1,800,749 | +€822,451 | +84.1% |
| Fixed assets | 21/28 | €201,219 | €216,070 | +€14,852 | +7.4% |
| Tangible fixed assets | 22/27 | €201,219 | €216,070 | +€14,852 | +7.4% |
| Land and buildings | 22 | €110,928 | €105,489 | -€5,439 | -4.9% |
| Plant, machinery and equipment | 23 | €90,291 | €81,118 | -€9,173 | -10.2% |
| Furniture and vehicles | 24 | - | €29,464 | +€29,464 | |
| Current assets | 29/58 | €777,079 | €1,584,678 | +€807,600 | +104% |
| Stocks and contracts in progress | 3 | €242,126 | €248,054 | +€5,928 | +2.4% |
| Stocks | 30/36 | €242,126 | €248,054 | +€5,928 | +2.4% |
| Amounts receivable within one year | 40/41 | €119,072 | €178,112 | +€59,039 | +49.6% |
| Trade receivables | 40 | €94,005 | €138,800 | +€44,795 | +47.7% |
| Other amounts receivable | 41 | €25,068 | €39,312 | +€14,244 | +56.8% |
| Current investments | 50/53 | €0 | €671,597 | +€671,597 | |
| Cash at bank and in hand | 54/58 | €411,099 | €469,710 | +€58,611 | +14.3% |
| Deferred charges and accrued income | 490/1 | €4,782 | €17,206 | +€12,424 | +260% |
| Total equity and liabilities | 10/49 | €978,297 | €1,800,749 | +€822,451 | +84.1% |
| Equity | 10/15 | €810,092 | €1,568,903 | +€758,811 | +93.7% |
| Contributions | 10/11 | €62,000 | €61,500 | -€500 | -0.8% |
| Capital | 10 | €62,000 | €61,500 | -€500 | -0.8% |
| Issued capital | 100 | €62,000 | €61,500 | -€500 | -0.8% |
| Reserves | 13 | €748,092 | €1,507,403 | +€759,311 | +101% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,756 | +€1,756 | |
| Distributable reserves | 133 | €741,892 | €1,499,447 | +€757,555 | +102% |
| Amounts payable | 17/49 | €168,205 | €231,846 | +€63,640 | +37.8% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €165,466 | €206,846 | +€41,380 | +25.0% |
| Trade debts | 44 | €112,980 | €126,439 | +€13,459 | +11.9% |
| Suppliers | 440/4 | €112,980 | €126,439 | +€13,459 | +11.9% |
| Taxes, remuneration and social security | 45 | €35,194 | €40,636 | +€5,442 | +15.5% |
| Taxes | 450/3 | €16,189 | €9,608 | -€6,581 | -40.6% |
| Remuneration and social security | 454/9 | €19,005 | €31,028 | +€12,023 | +63.3% |
| Other amounts payable | 47/48 | €17,291 | €39,770 | +€22,479 | +130% |
| Accrued charges and deferred income | 492/3 | €2,740 | - | -€2,740 | |
| Remuneration, social security and pensions | 62 | €102,556 | €146,842 | +€44,287 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,587 | €35,340 | +€12,752 | +56.5% |
| Other operating charges | 640/8 | €2,132 | €6,372 | +€4,240 | +199% |
| Gross operating margin | 9900 | €222,028 | €250,513 | +€28,485 | +12.8% |
| Operating profit (loss) | 9901 | €94,754 | €61,959 | -€32,794 | -34.6% |
| Financial income | 75/76B | €3,856 | €5,892 | +€2,036 | +52.8% |
| Recurring financial income | 75 | €3,856 | €5,892 | +€2,036 | +52.8% |
| Financial charges | 65/66B | €34,703 | €34,047 | -€656 | -1.9% |
| Recurring financial charges | 65 | €34,703 | €34,047 | -€656 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €63,906 | €33,805 | -€30,102 | -47.1% |
| Income taxes | 67/77 | €20,548 | -€16,388 | -€36,937 | |
| Profit (loss) for the period | 9904 | €43,358 | €50,193 | +€6,835 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,358 | €50,193 | +€6,835 | +15.8% |
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 6 November 2026 via checked.be.