APOTHEEK VANTIEGHEM: 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 VANTIEGHEM
Largest movements
- Receivables within one year +€56,693
up €56,693 (+48.0%), from €118,129 to €174,822
of which Trade receivables: +€153,003
- Current investments +€40,000
up €40,000 (+7.7%), from €520,000 to €560,000
- Cash -€12,586
down €12,586 (-10.1%), from €125,205 to €112,619
mainly Contributions, distributions and other (-€85,000) and Receivables within one year (-€56,693)
- Reserves +€60,463
up €60,463 (+7.4%), from €820,737 to €881,200
of which Distributable reserves: +€60,463
- Trade debts +€14,409
up €14,409 (+19.6%), from €73,633 to €88,041
- Staff costs +€11,048
up €11,048 (+8.2%), from €134,926 to €145,974
- Financial income +€9,431
up €9,431 (+225%), from €4,193 to €13,624
- Taxes -€6,328
down €6,328 (-21.7%), from €29,196 to €22,868
- Gross operating margin +€4,162
up €4,162 (+1.3%), from €317,805 to €321,967
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 | €1,075,654 | €1,152,625 | +€76,970 | +7.2% |
| Fixed assets | 21/28 | €60,869 | €51,058 | -€9,812 | -16.1% |
| Tangible fixed assets | 22/27 | €60,760 | €50,948 | -€9,812 | -16.1% |
| Plant, machinery and equipment | 23 | €5,892 | €4,990 | -€902 | -15.3% |
| Furniture and vehicles | 24 | €9,523 | €6,357 | -€3,167 | -33.3% |
| Other tangible fixed assets | 26 | €45,345 | €39,601 | -€5,743 | -12.7% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €1,014,785 | €1,101,567 | +€86,782 | +8.6% |
| Stocks and contracts in progress | 3 | €247,823 | €249,090 | +€1,267 | +0.5% |
| Stocks | 30/36 | €247,823 | €249,090 | +€1,267 | +0.5% |
| Amounts receivable within one year | 40/41 | €118,129 | €174,822 | +€56,693 | +48.0% |
| Trade receivables | 40 | €16,914 | €169,917 | +€153,003 | +905% |
| Other amounts receivable | 41 | €101,215 | €4,905 | -€96,310 | -95.2% |
| Current investments | 50/53 | €520,000 | €560,000 | +€40,000 | +7.7% |
| Cash at bank and in hand | 54/58 | €125,205 | €112,619 | -€12,586 | -10.1% |
| Deferred charges and accrued income | 490/1 | €3,628 | €5,036 | +€1,408 | +38.8% |
| Total equity and liabilities | 10/49 | €1,075,654 | €1,152,625 | +€76,970 | +7.2% |
| Equity | 10/15 | €882,737 | €947,062 | +€64,325 | +7.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €820,737 | €881,200 | +€60,463 | +7.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €814,537 | €875,000 | +€60,463 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €3,862 | +€3,862 | |
| Amounts payable | 17/49 | €192,917 | €205,563 | +€12,646 | +6.6% |
| Amounts payable within one year | 42/48 | €192,917 | €205,454 | +€12,537 | +6.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €73,633 | €88,041 | +€14,409 | +19.6% |
| Suppliers | 440/4 | €73,633 | €88,041 | +€14,409 | +19.6% |
| Taxes, remuneration and social security | 45 | €41,468 | €32,135 | -€9,333 | -22.5% |
| Taxes | 450/3 | €15,191 | €3,638 | -€11,553 | -76.1% |
| Remuneration and social security | 454/9 | €26,277 | €28,497 | +€2,220 | +8.5% |
| Other amounts payable | 47/48 | €77,816 | €85,277 | +€7,461 | +9.6% |
| Accrued charges and deferred income | 492/3 | €0 | €109 | +€109 | |
| Non-recurring operating income | 76A | - | €482 | +€482 | |
| Remuneration, social security and pensions | 62 | €134,926 | €145,974 | +€11,048 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,762 | €13,893 | -€1,868 | -11.9% |
| Other operating charges | 640/8 | €1,315 | €1,465 | +€150 | +11.4% |
| Non-recurring operating charges | 66A | - | €735 | +€735 | |
| Gross operating margin | 9900 | €317,805 | €321,967 | +€4,162 | +1.3% |
| Operating profit (loss) | 9901 | €165,803 | €159,900 | -€5,903 | -3.6% |
| Financial income | 75/76B | €4,193 | €13,624 | +€9,431 | +225% |
| Recurring financial income | 75 | €4,193 | €13,624 | +€9,431 | +225% |
| Financial charges | 65/66B | €485 | €1,331 | +€846 | +174% |
| Recurring financial charges | 65 | €485 | €1,331 | +€846 | +174% |
| Profit (loss) for the period before taxes | 9903 | €169,510 | €172,193 | +€2,683 | +1.6% |
| Income taxes | 67/77 | €29,196 | €22,868 | -€6,328 | -21.7% |
| Profit (loss) for the period | 9904 | €140,314 | €149,325 | +€9,011 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,314 | €149,325 | +€9,011 | +6.4% |
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 17 October 2026 via checked.be.