APOTHEEK VELM: 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 VELM
Largest movements
- Cash -€183,086
down €183,086 (-44.7%), from €409,373 to €226,287
mainly Contributions, distributions and other (-€250,000) and Debts after one year (-€146,337)
- Tangible fixed assets -€43,054
down €43,054 (-9.0%), from €476,964 to €433,909
of which Plant, machinery and equipment: -€25,506
- Receivables within one year -€26,549
down €26,549 (-15.1%), from €176,375 to €149,826
of which Other amounts receivable: -€42,756
- Stocks and contracts +€17,505
up €17,505 (+10.7%), from €164,263 to €181,767
- Debts after one year -€146,337
down €146,337 (-71.6%), from €204,370 to €58,033
- Profit (loss) carried forward -€116,804
down €116,804 (-18.2%), from €640,232 to €523,428
- Trade debts +€23,785
up €23,785 (+33.3%), from €71,396 to €95,181
- Staff costs -€10,408
down €10,408 (-21.7%), from €47,908 to €37,500
- Financial charges -€5,502
down €5,502 (-27.5%), from €20,001 to €14,499
- Taxes -€5,313
down €5,313 (-15.9%), from €33,370 to €28,058
- Gross operating margin -€4,826
down €4,826 (-1.8%), from €261,587 to €256,761
- Financial income -€2,671
down €2,671 (-55.1%), from €4,845 to €2,174
of which Non-recurring financial income: -€1,997
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 | €1,227,967 | €992,615 | -€235,352 | -19.2% |
| Fixed assets | 21/28 | €476,964 | €433,909 | -€43,054 | -9.0% |
| Tangible fixed assets | 22/27 | €476,964 | €433,909 | -€43,054 | -9.0% |
| Land and buildings | 22 | €331,378 | €313,830 | -€17,548 | -5.3% |
| Plant, machinery and equipment | 23 | €145,586 | €120,080 | -€25,506 | -17.5% |
| Current assets | 29/58 | €751,003 | €558,706 | -€192,298 | -25.6% |
| Stocks and contracts in progress | 3 | €164,263 | €181,767 | +€17,505 | +10.7% |
| Stocks | 30/36 | €164,263 | €181,767 | +€17,505 | +10.7% |
| Amounts receivable within one year | 40/41 | €176,375 | €149,826 | -€26,549 | -15.1% |
| Trade receivables | 40 | €98,479 | €114,686 | +€16,207 | +16.5% |
| Other amounts receivable | 41 | €77,896 | €35,140 | -€42,756 | -54.9% |
| Cash at bank and in hand | 54/58 | €409,373 | €226,287 | -€183,086 | -44.7% |
| Deferred charges and accrued income | 490/1 | €993 | €825 | -€168 | -16.9% |
| Total equity and liabilities | 10/49 | €1,227,967 | €992,615 | -€235,352 | -19.2% |
| Equity | 10/15 | €723,077 | €606,273 | -€116,804 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,645 | €76,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,861 | €1,861 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,861 | €1,861 | = | 0.0% |
| Distributable reserves | 133 | €74,784 | €74,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €640,232 | €523,428 | -€116,804 | -18.2% |
| Amounts payable | 17/49 | €504,890 | €386,342 | -€118,548 | -23.5% |
| Amounts payable after more than one year | 17 | €204,370 | €58,033 | -€146,337 | -71.6% |
| Financial debts | 170/4 | €204,370 | €58,033 | -€146,337 | -71.6% |
| Amounts payable within one year | 42/48 | €296,940 | €324,720 | +€27,780 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €45,903 | €46,463 | +€559 | +1.2% |
| Trade debts | 44 | €71,396 | €95,181 | +€23,785 | +33.3% |
| Suppliers | 440/4 | €71,396 | €95,181 | +€23,785 | +33.3% |
| Taxes, remuneration and social security | 45 | €10,919 | €11,700 | +€782 | +7.2% |
| Taxes | 450/3 | €4,427 | €4,600 | +€173 | +3.9% |
| Remuneration and social security | 454/9 | €6,491 | €7,100 | +€609 | +9.4% |
| Other amounts payable | 47/48 | €168,722 | €171,376 | +€2,654 | +1.6% |
| Accrued charges and deferred income | 492/3 | €3,580 | €3,589 | +€9 | +0.3% |
| Remuneration, social security and pensions | 62 | €47,908 | €37,500 | -€10,408 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,565 | €43,054 | +€2,489 | +6.1% |
| Other operating charges | 640/8 | €3,047 | €2,628 | -€420 | -13.8% |
| Gross operating margin | 9900 | €261,587 | €256,761 | -€4,826 | -1.8% |
| Operating profit (loss) | 9901 | €170,066 | €173,579 | +€3,512 | +2.1% |
| Financial income | 75/76B | €4,845 | €2,174 | -€2,671 | -55.1% |
| Recurring financial income | 75 | €2,849 | €2,174 | -€674 | -23.7% |
| Non-recurring financial income | 76B | €1,997 | - | -€1,997 | |
| Financial charges | 65/66B | €20,001 | €14,499 | -€5,502 | -27.5% |
| Recurring financial charges | 65 | €20,001 | €14,499 | -€5,502 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €154,911 | €161,254 | +€6,343 | +4.1% |
| Income taxes | 67/77 | €33,370 | €28,058 | -€5,313 | -15.9% |
| Profit (loss) for the period | 9904 | €121,540 | €133,196 | +€11,656 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,540 | €133,196 | +€11,656 | +9.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.