APOTHEEK WALRAEVENS: 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 WALRAEVENS
Largest movements
- Current investments -€47,207
down €47,207 (-94.4%), from €50,000 to €2,793
- Cash +€27,228
up €27,228 (+14.1%), from €193,653 to €220,881
mainly Net result for the year (+€87,195) and Current investments (+€47,207)
- Receivables within one year +€19,996
up €19,996 (+17.5%), from €113,962 to €133,958
of which Trade receivables: +€22,593
- Tangible fixed assets -€6,537
down €6,537 (-14.6%), from €44,923 to €38,385
of which Furniture and vehicles: -€6,809
- Other debts -€18,019
down €18,019 (-17.1%), from €105,180 to €87,160
- Trade debts +€8,344
up €8,344 (+6.4%), from €131,236 to €139,579
- Tax, wage and social debts +€6,280
up €6,280 (+52.0%), from €12,082 to €18,362
of which Remuneration and social security: +€6,294
- Staff costs +€48,552
up €48,552 (+45.1%), from €107,667 to €156,219
- Gross operating margin +€40,503
up €40,503 (+18.7%), from €216,248 to €256,751
- Financial income -€5,164
down €5,164 (-74.1%), from €6,971 to €1,807
- Depreciation +€4,198
up €4,198 (+50.6%), from €8,293 to €12,490
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 | €564,856 | €561,985 | -€2,872 | -0.5% |
| Fixed assets | 21/28 | €54,717 | €46,970 | -€7,747 | -14.2% |
| Intangible fixed assets | 21 | €4,795 | €3,585 | -€1,210 | -25.2% |
| Tangible fixed assets | 22/27 | €44,923 | €38,385 | -€6,537 | -14.6% |
| Land and buildings | 22 | €675 | €506 | -€169 | -25.0% |
| Plant, machinery and equipment | 23 | €2,553 | €2,994 | +€441 | +17.3% |
| Furniture and vehicles | 24 | €41,694 | €34,885 | -€6,809 | -16.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €510,139 | €515,015 | +€4,876 | +1.0% |
| Stocks and contracts in progress | 3 | €146,926 | €150,552 | +€3,626 | +2.5% |
| Stocks | 30/36 | €146,926 | €150,552 | +€3,626 | +2.5% |
| Amounts receivable within one year | 40/41 | €113,962 | €133,958 | +€19,996 | +17.5% |
| Trade receivables | 40 | €78,091 | €100,684 | +€22,593 | +28.9% |
| Other amounts receivable | 41 | €35,871 | €33,274 | -€2,596 | -7.2% |
| Current investments | 50/53 | €50,000 | €2,793 | -€47,207 | -94.4% |
| Cash at bank and in hand | 54/58 | €193,653 | €220,881 | +€27,228 | +14.1% |
| Deferred charges and accrued income | 490/1 | €5,598 | €6,831 | +€1,233 | +22.0% |
| Total equity and liabilities | 10/49 | €564,856 | €561,985 | -€2,872 | -0.5% |
| Equity | 10/15 | €316,060 | €316,255 | +€195 | +0.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €254,087 | €254,281 | +€195 | +0.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €247,889 | €248,084 | +€195 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €248,796 | €245,730 | -€3,066 | -1.2% |
| Amounts payable within one year | 42/48 | €248,497 | €245,102 | -€3,395 | -1.4% |
| Trade debts | 44 | €131,236 | €139,579 | +€8,344 | +6.4% |
| Suppliers | 440/4 | €131,236 | €139,579 | +€8,344 | +6.4% |
| Taxes, remuneration and social security | 45 | €12,082 | €18,362 | +€6,280 | +52.0% |
| Taxes | 450/3 | €78 | €65 | -€13 | -16.8% |
| Remuneration and social security | 454/9 | €12,004 | €18,297 | +€6,294 | +52.4% |
| Other amounts payable | 47/48 | €105,180 | €87,160 | -€18,019 | -17.1% |
| Accrued charges and deferred income | 492/3 | €299 | €628 | +€329 | +110% |
| Remuneration, social security and pensions | 62 | €107,667 | €156,219 | +€48,552 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,293 | €12,490 | +€4,198 | +50.6% |
| Other operating charges | 640/8 | €453 | €470 | +€17 | +3.8% |
| Gross operating margin | 9900 | €216,248 | €256,751 | +€40,503 | +18.7% |
| Operating profit (loss) | 9901 | €99,835 | €87,572 | -€12,263 | -12.3% |
| Financial income | 75/76B | €6,971 | €1,807 | -€5,164 | -74.1% |
| Recurring financial income | 75 | €6,971 | €1,807 | -€5,164 | -74.1% |
| Financial charges | 65/66B | €227 | €213 | -€14 | -6.3% |
| Recurring financial charges | 65 | €227 | €213 | -€14 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €106,579 | €89,166 | -€17,413 | -16.3% |
| Income taxes | 67/77 | €1,258 | €1,972 | +€714 | +56.8% |
| Profit (loss) for the period | 9904 | €105,322 | €87,195 | -€18,127 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,322 | €87,195 | -€18,127 | -17.2% |
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 28 October 2026 via checked.be.