APOTHEEK VERSTEELE: what changed
Two fiscal 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 VERSTEELE
Largest movements
- Intangible fixed assets -€55,985
down €55,985 (-11.9%), from €470,884 to €414,899
- Receivables within one year -€35,715
down €35,715 (-13.4%), from €267,083 to €231,368
of which Other amounts receivable: -€42,594
- Tangible fixed assets -€17,066
down €17,066 (-5.2%), from €327,165 to €310,099
of which Furniture and vehicles: -€12,925
- Other debts -€202,143
down €202,143 (-99.5%), from €203,107 to €964
- Current portion of long-term debt +€101,966
up €101,966 (+355.2%), from €28,704 to €130,669
- Reserves +€67,377
up €67,377 (+9.1%), from €744,378 to €811,755
- Trade debts -€45,460
down €45,460 (-38.5%), from €118,057 to €72,598
- Tax, wage and social debts -€18,677
down €18,677 (-59.4%), from €31,458 to €12,781
of which Taxes: -€9,961
- Staff costs -€45,362
down €45,362 (-27.3%), from €166,343 to €120,981
- Gross operating margin +€44,996
up €44,996 (+14.8%), from €304,480 to €349,476
- Financial charges +€33,807
up €33,807 (+1065.4%), from €3,173 to €36,980
- Depreciation +€23,237
up €23,237 (+30.7%), from €75,648 to €98,885
- Taxes +€12,989
up €12,989 (+118.3%), from €10,979 to €23,968
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.
Cash bridge derived
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 | €1,284,717 | €1,180,271 | -€104,446 | -8.1% |
| Fixed assets | 21/28 | €798,049 | €724,998 | -€73,051 | -9.2% |
| Intangible fixed assets | 21 | €470,884 | €414,899 | -€55,985 | -11.9% |
| Tangible fixed assets | 22/27 | €327,165 | €310,099 | -€17,066 | -5.2% |
| Plant, machinery and equipment | 23 | €128,779 | €118,929 | -€9,850 | -7.6% |
| Furniture and vehicles | 24 | €109,616 | €96,691 | -€12,925 | -11.8% |
| Other tangible fixed assets | 26 | €88,770 | €94,479 | +€5,709 | +6.4% |
| Current assets | 29/58 | €486,668 | €455,273 | -€31,395 | -6.5% |
| Stocks and contracts in progress | 3 | €192,334 | €183,645 | -€8,688 | -4.5% |
| Stocks | 30/36 | €192,334 | €183,645 | -€8,688 | -4.5% |
| Amounts receivable within one year | 40/41 | €267,083 | €231,368 | -€35,715 | -13.4% |
| Trade receivables | 40 | €126,933 | €133,813 | +€6,880 | +5.4% |
| Other amounts receivable | 41 | €140,150 | €97,555 | -€42,594 | -30.4% |
| Cash at bank and in hand | 54/58 | €25,554 | €38,102 | +€12,547 | +49.1% |
| Deferred charges and accrued income | 490/1 | €1,697 | €2,158 | +€461 | +27.1% |
| Total equity and liabilities | 10/49 | €1,284,717 | €1,180,271 | -€104,446 | -8.1% |
| Equity | 10/15 | €753,678 | €821,055 | +€67,377 | +8.9% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €744,378 | €811,755 | +€67,377 | +9.1% |
| Distributable reserves | 133 | €744,378 | €811,755 | +€67,377 | +9.1% |
| Amounts payable | 17/49 | €531,040 | €359,216 | -€171,823 | -32.4% |
| Amounts payable after more than one year | 17 | €149,714 | €142,205 | -€7,509 | -5.0% |
| Financial debts | 170/4 | €94,714 | €82,205 | -€12,509 | -13.2% |
| Other amounts payable | 178/9 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Amounts payable within one year | 42/48 | €381,326 | €217,011 | -€164,315 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €28,704 | €130,669 | +€101,966 | +355.2% |
| Trade debts | 44 | €118,057 | €72,598 | -€45,460 | -38.5% |
| Suppliers | 440/4 | €118,057 | €72,598 | -€45,460 | -38.5% |
| Taxes, remuneration and social security | 45 | €31,458 | €12,781 | -€18,677 | -59.4% |
| Taxes | 450/3 | €10,971 | €1,010 | -€9,961 | -90.8% |
| Remuneration and social security | 454/9 | €20,487 | €11,771 | -€8,717 | -42.5% |
| Other amounts payable | 47/48 | €203,107 | €964 | -€202,143 | -99.5% |
| Remuneration, social security and pensions | 62 | €166,343 | €120,981 | -€45,362 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,648 | €98,885 | +€23,237 | +30.7% |
| Other operating charges | 640/8 | €519 | €1,285 | +€766 | +147.7% |
| Gross operating margin | 9900 | €304,480 | €349,476 | +€44,996 | +14.8% |
| Operating profit (loss) | 9901 | €61,971 | €128,325 | +€66,354 | +107.1% |
| Financial income | 75/76B | €1,561 | €0 | -€1,561 | -100.0% |
| Recurring financial income | 75 | €1,561 | €0 | -€1,561 | -100.0% |
| Financial charges | 65/66B | €3,173 | €36,980 | +€33,807 | +1065.4% |
| Recurring financial charges | 65 | €3,173 | €36,980 | +€33,807 | +1065.4% |
| Profit (loss) for the period before taxes | 9903 | €60,359 | €91,345 | +€30,987 | +51.3% |
| Income taxes | 67/77 | €10,979 | €23,968 | +€12,989 | +118.3% |
| Profit (loss) for the period | 9904 | €49,379 | €67,377 | +€17,998 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,379 | €67,377 | +€17,998 | +36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.