APOTHEEK VITAL: what changed
APOTHEEK VITAL
Largest movements
- Cash +€37,382
up €37,382 (+166%), from €22,554 to €59,936
mainly Net result for the year (+€90,790) and Depreciation (+€17,186)
- Receivables within one year +€13,811
up €13,811 (+10.0%), from €137,889 to €151,700
of which Trade receivables: +€14,087
- Tangible fixed assets -€13,507
down €13,507 (-13.0%), from €103,615 to €90,107
of which Land and buildings: -€14,976
- Stocks and contracts +€7,884
up €7,884 (+3.5%), from €225,544 to €233,428
- Reserves +€78,425
up €78,425 (+50.4%), from €155,755 to €234,180
of which Distributable reserves: +€78,425
- Other debts -€22,120
down €22,120 (-28.0%), from €78,894 to €56,774
- Debts after one year -€19,112
down €19,112 (-47.2%), from €40,480 to €21,367
- Tax, wage and social debts +€15,254
up €15,254 (+34.8%), from €43,797 to €59,051
of which Taxes: +€16,826
- Gross operating margin +€26,216
up €26,216 (+10.8%), from €242,408 to €268,624
- Staff costs -€17,814
down €17,814 (-13.6%), from €130,526 to €112,712
- Taxes +€14,570
up €14,570 (+58.7%), from €24,832 to €39,403
- Financial charges -€2,957
down €2,957 (-23.3%), from €12,674 to €9,717
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,541 | €536,746 | +€46,205 | +9.4% |
| Fixed assets | 21/28 | €103,795 | €90,287 | -€13,507 | -13.0% |
| Tangible fixed assets | 22/27 | €103,615 | €90,107 | -€13,507 | -13.0% |
| Land and buildings | 22 | €98,756 | €83,780 | -€14,976 | -15.2% |
| Plant, machinery and equipment | 23 | €3,905 | €5,621 | +€1,716 | +44.0% |
| Furniture and vehicles | 24 | €954 | €706 | -€248 | -26.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €386,746 | €446,458 | +€59,712 | +15.4% |
| Stocks and contracts in progress | 3 | €225,544 | €233,428 | +€7,884 | +3.5% |
| Stocks | 30/36 | €225,544 | €233,428 | +€7,884 | +3.5% |
| Amounts receivable within one year | 40/41 | €137,889 | €151,700 | +€13,811 | +10.0% |
| Trade receivables | 40 | €137,501 | €151,588 | +€14,087 | +10.2% |
| Other amounts receivable | 41 | €388 | €113 | -€276 | -71.0% |
| Cash at bank and in hand | 54/58 | €22,554 | €59,936 | +€37,382 | +166% |
| Deferred charges and accrued income | 490/1 | €759 | €1,394 | +€635 | +83.6% |
| Total equity and liabilities | 10/49 | €490,541 | €536,746 | +€46,205 | +9.4% |
| Equity | 10/15 | €161,955 | €240,380 | +€78,425 | +48.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,755 | €234,180 | +€78,425 | +50.4% |
| Tax-exempt reserves | 132 | €258 | €258 | = | 0.0% |
| Distributable reserves | 133 | €155,497 | €233,922 | +€78,425 | +50.4% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €278,586 | €246,366 | -€32,220 | -11.6% |
| Amounts payable after more than one year | 17 | €40,480 | €21,367 | -€19,112 | -47.2% |
| Financial debts | 170/4 | €40,480 | €21,367 | -€19,112 | -47.2% |
| Amounts payable within one year | 42/48 | €230,417 | €218,913 | -€11,503 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €18,543 | €19,112 | +€569 | +3.1% |
| Trade debts | 44 | €89,182 | €83,976 | -€5,206 | -5.8% |
| Suppliers | 440/4 | €89,182 | €83,976 | -€5,206 | -5.8% |
| Taxes, remuneration and social security | 45 | €43,797 | €59,051 | +€15,254 | +34.8% |
| Taxes | 450/3 | €15,844 | €32,670 | +€16,826 | +106% |
| Remuneration and social security | 454/9 | €27,953 | €26,381 | -€1,573 | -5.6% |
| Other amounts payable | 47/48 | €78,894 | €56,774 | -€22,120 | -28.0% |
| Accrued charges and deferred income | 492/3 | €7,690 | €6,086 | -€1,604 | -20.9% |
| Remuneration, social security and pensions | 62 | €130,526 | €112,712 | -€17,814 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,108 | €17,186 | +€1,078 | +6.7% |
| Other operating charges | 640/8 | €2,001 | €2,061 | +€61 | +3.0% |
| Gross operating margin | 9900 | €242,408 | €268,624 | +€26,216 | +10.8% |
| Operating profit (loss) | 9901 | €93,774 | €136,664 | +€42,891 | +45.7% |
| Financial income | 75/76B | €2,832 | €3,245 | +€413 | +14.6% |
| Recurring financial income | 75 | €2,832 | €3,245 | +€413 | +14.6% |
| Financial charges | 65/66B | €12,674 | €9,717 | -€2,957 | -23.3% |
| Recurring financial charges | 65 | €12,674 | €9,717 | -€2,957 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €83,932 | €130,193 | +€46,261 | +55.1% |
| Income taxes | 67/77 | €24,832 | €39,403 | +€14,570 | +58.7% |
| Profit (loss) for the period | 9904 | €59,099 | €90,790 | +€31,691 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,099 | €90,790 | +€31,691 | +53.6% |
Next steps
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 4 November 2026 via checked.be.