Apotheek Verbist: what changed
What changed
Apotheek Verbist
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€295,489
2024 · €268,165+€27,325
Equity
€1.1m
2024 · €1.3m-€140,501
Cash
€390,942
2024 · €181,996+€208,946
Balance sheet total
€2.1m
2024 · €2.2m-€20,533
Largest movements
Assets
- Cash +€208,946
up €208,946 (+115%), from €181,996 to €390,942
mainly Net result for the year (+€295,489) and Other debts (+€185,098)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables after one year -€95,000
down €95,000 (-50.0%), from €190,000 to €95,000
- Tangible fixed assets -€87,118
down €87,118 (-7.9%), from €1.1m to €1.0m
of which Land and buildings: -€46,729
- Receivables within one year +€46,395
up €46,395 (+22.7%), from €204,004 to €250,399
of which Trade receivables: +€46,728
Equity and liabilities
- Other debts +€185,098
up €185,098 (+162%), from €114,041 to €299,139
- Reserves -€140,501
down €140,501 (-11.4%), from €1.2m to €1.1m
- Debts after one year -€93,563
down €93,563 (-19.7%), from €475,303 to €381,741
- Accrued charges and deferred income +€21,966
up €21,966 (+138%), from €15,947 to €37,913
Income statement
- Gross operating margin -€47,663
down €47,663 (-7.6%), from €630,821 to €583,158
- Staff costs -€37,768
down €37,768 (-32.8%), from €115,212 to €77,444
- Taxes -€27,864
down €27,864 (-22.9%), from €121,926 to €94,062
- Financial charges -€9,243
down €9,243 (-21.2%), from €43,513 to €34,270
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
€268,165
Gross operating margin
-€47,663
Staff costs
+€37,768
Depreciation
+€3,022
Other operating charges
+€262
Financial income
-€3,172
Financial charges
+€9,243
Taxes
+€27,864
Result 2025
€295,489
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
+€642,442
Investment
+€93,809
Financing
-€527,305
Cash 2024
€181,996
From operations (derived)
+€642,442
Net result for the year
+€295,489
Depreciation
+€94,142
Receivables after one year
+€95,000
Stocks and contracts
-€11,428
Receivables within one year
-€46,395
Deferred charges and accrued income
+€4,351
Trade debts
+€10,598
Tax, wage and social debts
-€6,379
Other debts
+€185,098
Accrued charges and deferred income
+€21,966
Investment (derived)
+€93,809
Investment in fixed assets (net)
-€6,191
Current investments
+€100,000
Financing
-€527,305
Debts after one year
-€93,563
Current portion of long-term debt
+€2,248
Contributions, distributions and other
-€435,990
Cash 2025
€390,942
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,167,374 | €2,146,841 | -€20,533 | -0.9% |
| Fixed assets | 21/28 | €1,113,001 | €1,025,050 | -€87,951 | -7.9% |
| Intangible fixed assets | 21 | €4,053 | €3,220 | -€833 | -20.6% |
| Tangible fixed assets | 22/27 | €1,103,948 | €1,016,831 | -€87,118 | -7.9% |
| Land and buildings | 22 | €956,601 | €909,872 | -€46,729 | -4.9% |
| Plant, machinery and equipment | 23 | €131,612 | €95,020 | -€36,593 | -27.8% |
| Furniture and vehicles | 24 | €6,235 | €2,439 | -€3,796 | -60.9% |
| Other tangible fixed assets | 26 | €9,500 | €9,500 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,054,373 | €1,121,791 | +€67,418 | +6.4% |
| Amounts receivable after more than one year | 29 | €190,000 | €95,000 | -€95,000 | -50.0% |
| Other amounts receivable | 291 | €190,000 | €95,000 | -€95,000 | -50.0% |
| Stocks and contracts in progress | 3 | €329,637 | €341,064 | +€11,428 | +3.5% |
| Stocks | 30/36 | €329,637 | €341,064 | +€11,428 | +3.5% |
| Amounts receivable within one year | 40/41 | €204,004 | €250,399 | +€46,395 | +22.7% |
| Trade receivables | 40 | €193,898 | €240,626 | +€46,728 | +24.1% |
| Other amounts receivable | 41 | €10,106 | €9,773 | -€332 | -3.3% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €181,996 | €390,942 | +€208,946 | +115% |
| Deferred charges and accrued income | 490/1 | €48,736 | €44,385 | -€4,351 | -8.9% |
| Total equity and liabilities | 10/49 | €2,167,374 | €2,146,841 | -€20,533 | -0.9% |
| Equity | 10/15 | €1,254,610 | €1,114,108 | -€140,501 | -11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,236,060 | €1,095,558 | -€140,501 | -11.4% |
| Distributable reserves | 133 | €1,236,060 | €1,095,558 | -€140,501 | -11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €912,764 | €1,032,732 | +€119,968 | +13.1% |
| Amounts payable after more than one year | 17 | €475,303 | €381,741 | -€93,563 | -19.7% |
| Financial debts | 170/4 | €475,303 | €381,741 | -€93,563 | -19.7% |
| Amounts payable within one year | 42/48 | €421,514 | €613,079 | +€191,565 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €91,315 | €93,563 | +€2,248 | +2.5% |
| Trade debts | 44 | €122,751 | €133,349 | +€10,598 | +8.6% |
| Suppliers | 440/4 | €122,751 | €133,349 | +€10,598 | +8.6% |
| Taxes, remuneration and social security | 45 | €93,407 | €87,029 | -€6,379 | -6.8% |
| Taxes | 450/3 | €76,829 | €75,801 | -€1,028 | -1.3% |
| Remuneration and social security | 454/9 | €16,578 | €11,228 | -€5,350 | -32.3% |
| Other amounts payable | 47/48 | €114,041 | €299,139 | +€185,098 | +162% |
| Accrued charges and deferred income | 492/3 | €15,947 | €37,913 | +€21,966 | +138% |
| Remuneration, social security and pensions | 62 | €115,212 | €77,444 | -€37,768 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,163 | €94,142 | -€3,022 | -3.1% |
| Other operating charges | 640/8 | €5,706 | €5,444 | -€262 | -4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €630,821 | €583,158 | -€47,663 | -7.6% |
| Operating profit (loss) | 9901 | €412,739 | €406,128 | -€6,611 | -1.6% |
| Financial income | 75/76B | €20,865 | €17,693 | -€3,172 | -15.2% |
| Recurring financial income | 75 | €20,865 | €17,693 | -€3,172 | -15.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €43,513 | €34,270 | -€9,243 | -21.2% |
| Recurring financial charges | 65 | €43,513 | €34,270 | -€9,243 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €390,091 | €389,551 | -€540 | -0.1% |
| Income taxes | 67/77 | €121,926 | €94,062 | -€27,864 | -22.9% |
| Profit (loss) for the period | 9904 | €268,165 | €295,489 | +€27,325 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €268,165 | €295,489 | +€27,325 | +10.2% |
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 5 November 2026 via checked.be.