Apotheek Verstraete Izegem: what changed
What changed
Apotheek Verstraete Izegem
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€188,169
2024 · €8,173+€179,996
Equity
€172,995
2024 · €139,826+€33,169
Cash
€107,707
2024 · €108,904-€1,197
Balance sheet total
€846,479
2024 · €854,359-€7,880
Largest movements
Assets
- Stocks and contracts +€44,328
up €44,328 (+27.7%), from €160,311 to €204,640
- Receivables within one year -€40,275
down €40,275 (-17.3%), from €233,040 to €192,765
of which Other amounts receivable: -€89,401
- Tangible fixed assets -€23,872
down €23,872 (-6.8%), from €352,104 to €328,231
of which Land and buildings: -€27,842
- Deferred charges and accrued income +€13,136
new in 2025: €13,136
Equity and liabilities
- Short-term financial debts -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Other debts +€70,620
up €70,620 (+82.9%), from €85,152 to €155,772
- Reserves +€28,924
up €28,924 (+37.4%), from €77,326 to €106,250
of which Distributable reserves: +€28,924
- Debts after one year -€16,252
down €16,252 (-5.8%), from €281,720 to €265,467
Income statement
- Gross operating margin +€240,460
up €240,460 (+334%), from €71,911 to €312,371
- Staff costs +€48,126
up €48,126 (+347%), from €13,887 to €62,012
- Taxes +€8,766
up €8,766 (+319%), from €2,750 to €11,516
- Depreciation +€4,495
up €4,495 (+15.4%), from €29,150 to €33,644
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
€8,173
Gross operating margin
+€240,460
Staff costs
-€48,126
Depreciation
-€4,495
Other operating charges
-€31
Financial income
+€2,440
Financial charges
-€1,486
Taxes
-€8,766
Result 2025
€188,169
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
+€279,288
Investment
-€9,772
Financing
-€270,713
Cash 2024
€108,904
From operations (derived)
+€279,288
Net result for the year
+€188,169
Depreciation
+€33,644
Stocks and contracts
-€44,328
Receivables within one year
+€40,275
Deferred charges and accrued income
-€13,136
Trade debts
+€1,793
Tax, wage and social debts
+€3,700
Other debts
+€70,620
Accrued charges and deferred income
-€1,449
Investment (derived)
-€9,772
Investment in fixed assets (net)
-€9,772
Financing
-€270,713
Debts after one year
-€16,252
Current portion of long-term debt
+€539
Short-term financial debts
-€100,000
Contributions, distributions and other
-€155,000
Cash 2025
€107,707
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €854,359 | €846,479 | -€7,880 | -0.9% |
| Fixed assets | 21/28 | €352,104 | €328,231 | -€23,872 | -6.8% |
| Tangible fixed assets | 22/27 | €352,104 | €328,231 | -€23,872 | -6.8% |
| Land and buildings | 22 | €337,993 | €310,151 | -€27,842 | -8.2% |
| Plant, machinery and equipment | 23 | €14,111 | €18,081 | +€3,970 | +28.1% |
| Current assets | 29/58 | €502,255 | €518,248 | +€15,993 | +3.2% |
| Stocks and contracts in progress | 3 | €160,311 | €204,640 | +€44,328 | +27.7% |
| Stocks | 30/36 | €160,311 | €204,640 | +€44,328 | +27.7% |
| Amounts receivable within one year | 40/41 | €233,040 | €192,765 | -€40,275 | -17.3% |
| Trade receivables | 40 | €126,201 | €175,327 | +€49,126 | +38.9% |
| Other amounts receivable | 41 | €106,839 | €17,438 | -€89,401 | -83.7% |
| Cash at bank and in hand | 54/58 | €108,904 | €107,707 | -€1,197 | -1.1% |
| Deferred charges and accrued income | 490/1 | - | €13,136 | +€13,136 | |
| Total equity and liabilities | 10/49 | €854,359 | €846,479 | -€7,880 | -0.9% |
| Equity | 10/15 | €139,826 | €172,995 | +€33,169 | +23.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €77,326 | €106,250 | +€28,924 | +37.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €71,076 | €100,000 | +€28,924 | +40.7% |
| Profit (loss) carried forward | 14 | - | €4,245 | +€4,245 | |
| Amounts payable | 17/49 | €714,532 | €673,484 | -€41,048 | -5.7% |
| Amounts payable after more than one year | 17 | €281,720 | €265,467 | -€16,252 | -5.8% |
| Financial debts | 170/4 | €281,720 | €265,467 | -€16,252 | -5.8% |
| Amounts payable within one year | 42/48 | €429,152 | €405,805 | -€23,347 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €15,713 | €16,252 | +€539 | +3.4% |
| Financial debts | 43 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Credit institutions | 430/8 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Trade debts | 44 | €174,166 | €175,959 | +€1,793 | +1.0% |
| Suppliers | 440/4 | €174,166 | €175,959 | +€1,793 | +1.0% |
| Taxes, remuneration and social security | 45 | €4,122 | €7,822 | +€3,700 | +89.8% |
| Remuneration and social security | 454/9 | €4,122 | €7,822 | +€3,700 | +89.8% |
| Other amounts payable | 47/48 | €85,152 | €155,772 | +€70,620 | +82.9% |
| Accrued charges and deferred income | 492/3 | €3,661 | €2,211 | -€1,449 | -39.6% |
| Remuneration, social security and pensions | 62 | €13,887 | €62,012 | +€48,126 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,150 | €33,644 | +€4,495 | +15.4% |
| Other operating charges | 640/8 | €3,167 | €3,198 | +€31 | +1.0% |
| Gross operating margin | 9900 | €71,911 | €312,371 | +€240,460 | +334% |
| Operating profit (loss) | 9901 | €25,708 | €213,517 | +€187,809 | +731% |
| Financial income | 75/76B | €356 | €2,796 | +€2,440 | +684% |
| Recurring financial income | 75 | €356 | €2,796 | +€2,440 | +684% |
| Financial charges | 65/66B | €15,142 | €16,628 | +€1,486 | +9.8% |
| Recurring financial charges | 65 | €15,142 | €16,628 | +€1,486 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €10,923 | €199,685 | +€188,762 | +1,728% |
| Income taxes | 67/77 | €2,750 | €11,516 | +€8,766 | +319% |
| Profit (loss) for the period | 9904 | €8,173 | €188,169 | +€179,996 | +2,202% |
| Profit (loss) for the period to be appropriated | 9905 | €8,173 | €188,169 | +€179,996 | +2,202% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.