APOTHEEK VERSE: 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 VERSE
Largest movements
- Stocks and contracts -€10,610
down €10,610 (-12.7%), from €83,833 to €73,223
- Cash +€9,981
up €9,981 (+283%), from €3,524 to €13,504
mainly Other debts (+€32,933) and Debts after one year (+€20,000)
- Receivables within one year -€6,016
down €6,016 (-51.9%), from €11,603 to €5,587
of which Trade receivables: -€6,950
- Tangible fixed assets -€3,267
down €3,267 (-46.7%), from €7,000 to €3,733
of which Land and buildings: -€3,500
- Trade debts -€60,118
down €60,118 (-53.4%), from €112,526 to €52,408
- Other debts +€32,933
up €32,933 (+65.8%), from €50,013 to €82,946
- Debts after one year +€20,000
new in 2025: €20,000
- Profit (loss) carried forward -€5,699
down €5,699 (-6.7%), from -€84,916 to -€90,615
- Accrued charges and deferred income +€3,544
up €3,544 (+99.5%), from €3,562 to €7,105
- Gross operating margin +€25,716
up €25,716, from -€19,696 to €6,020
- Other operating charges -€5,522
down €5,522 (-59.3%), from €9,314 to €3,792
- Financial income -€2,037
down €2,037 (-99.9%), from €2,040 to €3
of which Non-recurring financial income: -€2,038
- Financial charges +€1,718
up €1,718 (+73.4%), from €2,340 to €4,058
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 | €108,173 | €98,336 | -€9,837 | -9.1% |
| Fixed assets | 21/28 | €7,000 | €3,733 | -€3,267 | -46.7% |
| Tangible fixed assets | 22/27 | €7,000 | €3,733 | -€3,267 | -46.7% |
| Land and buildings | 22 | €7,000 | €3,500 | -€3,500 | -50.0% |
| Plant, machinery and equipment | 23 | - | €233 | +€233 | |
| Current assets | 29/58 | €101,173 | €94,602 | -€6,570 | -6.5% |
| Stocks and contracts in progress | 3 | €83,833 | €73,223 | -€10,610 | -12.7% |
| Stocks | 30/36 | €83,833 | €73,223 | -€10,610 | -12.7% |
| Amounts receivable within one year | 40/41 | €11,603 | €5,587 | -€6,016 | -51.9% |
| Trade receivables | 40 | €11,603 | €4,653 | -€6,950 | -59.9% |
| Other amounts receivable | 41 | - | €934 | +€934 | |
| Cash at bank and in hand | 54/58 | €3,524 | €13,504 | +€9,981 | +283% |
| Deferred charges and accrued income | 490/1 | €2,213 | €2,289 | +€76 | +3.4% |
| Total equity and liabilities | 10/49 | €108,173 | €98,336 | -€9,837 | -9.1% |
| Equity | 10/15 | -€58,682 | -€64,381 | -€5,699 | -9.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,234 | €1,234 | = | 0.0% |
| Distributable reserves | 133 | €1,234 | €1,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,916 | -€90,615 | -€5,699 | -6.7% |
| Amounts payable | 17/49 | €166,855 | €162,717 | -€4,138 | -2.5% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €163,293 | €135,612 | -€27,681 | -17.0% |
| Trade debts | 44 | €112,526 | €52,408 | -€60,118 | -53.4% |
| Suppliers | 440/4 | €112,526 | €52,408 | -€60,118 | -53.4% |
| Taxes, remuneration and social security | 45 | €755 | €258 | -€497 | -65.8% |
| Taxes | 450/3 | €755 | €258 | -€497 | -65.8% |
| Other amounts payable | 47/48 | €50,013 | €82,946 | +€32,933 | +65.8% |
| Accrued charges and deferred income | 492/3 | €3,562 | €7,105 | +€3,544 | +99.5% |
| Non-recurring operating income | 76A | €844 | - | -€844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,617 | +€117 | +3.3% |
| Other operating charges | 640/8 | €9,314 | €3,792 | -€5,522 | -59.3% |
| Gross operating margin | 9900 | -€19,696 | €6,020 | +€25,716 | |
| Operating profit (loss) | 9901 | -€32,510 | -€1,388 | +€31,122 | +95.7% |
| Financial income | 75/76B | €2,040 | €3 | -€2,037 | -99.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900% |
| Non-recurring financial income | 76B | €2,040 | €2 | -€2,038 | -99.9% |
| Financial charges | 65/66B | €2,340 | €4,058 | +€1,718 | +73.4% |
| Recurring financial charges | 65 | €2,340 | €4,058 | +€1,718 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,810 | -€5,444 | +€27,367 | +83.4% |
| Income taxes | 67/77 | €230 | €256 | +€26 | +11.2% |
| Profit (loss) for the period | 9904 | -€33,040 | -€5,699 | +€27,341 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,040 | -€5,699 | +€27,341 | +82.8% |
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 26 October 2026 via checked.be.