APOTHEEK WILLAERT: what changed
What changed
APOTHEEK WILLAERT
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€22,038
2024 · €22,291-€253
Equity
€267,772
2024 · €245,734+€22,038
Cash
€27,452
2024 · €18,769+€8,683
Balance sheet total
€455,937
2024 · €432,800+€23,137
Largest movements
Assets
- Cash +€8,683
up €8,683 (+46.3%), from €18,769 to €27,452
mainly Net result for the year (+€22,038) and Trade debts (+€1,494)
- Receivables within one year +€8,339
up €8,339 (+2.7%), from €308,942 to €317,281
of which Trade receivables: +€5,634
Equity and liabilities
- Profit (loss) carried forward +€22,038
up €22,038 (+9.9%), from €223,734 to €245,772
Income statement
- Gross operating margin +€2,785
up €2,785 (+2.7%), from €102,420 to €105,205
- Staff costs +€2,351
up €2,351 (+3.0%), from €78,177 to €80,528
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
€22,291
Gross operating margin
+€2,785
Staff costs
-€2,351
Depreciation
-€680
Other operating charges
-€13
Other operating items
-€70
Financial income
-€135
Financial charges
+€211
Result 2025
€22,038
raises the resultlowers the resultnot broken down further in the accounts
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
+€10,383
Investment
-€1,700
Financing
€0
Cash 2024
€18,769
From operations (derived)
+€10,383
Net result for the year
+€22,038
Depreciation
+€1,434
Stocks and contracts
-€4,528
Receivables within one year
-€8,339
Deferred charges and accrued income
-€1,321
Trade debts
+€1,494
Tax, wage and social debts
+€391
Other debts
+€45
Accrued charges and deferred income
-€831
Investment (derived)
-€1,700
Investment in fixed assets (net)
-€1,700
Cash 2025
€27,452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,800 | €455,937 | +€23,137 | +5.3% |
| Fixed assets | 21/28 | €7,384 | €7,650 | +€266 | +3.6% |
| Tangible fixed assets | 22/27 | €7,384 | €7,650 | +€266 | +3.6% |
| Land and buildings | 22 | €2,158 | €3,628 | +€1,470 | +68.1% |
| Plant, machinery and equipment | 23 | €5,226 | €4,022 | -€1,204 | -23.0% |
| Current assets | 29/58 | €425,416 | €448,287 | +€22,871 | +5.4% |
| Stocks and contracts in progress | 3 | €96,383 | €100,911 | +€4,528 | +4.7% |
| Stocks | 30/36 | €96,383 | €100,911 | +€4,528 | +4.7% |
| Amounts receivable within one year | 40/41 | €308,942 | €317,281 | +€8,339 | +2.7% |
| Trade receivables | 40 | €27,747 | €33,381 | +€5,634 | +20.3% |
| Other amounts receivable | 41 | €281,196 | €283,900 | +€2,705 | +1.0% |
| Cash at bank and in hand | 54/58 | €18,769 | €27,452 | +€8,683 | +46.3% |
| Deferred charges and accrued income | 490/1 | €1,322 | €2,643 | +€1,321 | +99.9% |
| Total equity and liabilities | 10/49 | €432,800 | €455,937 | +€23,137 | +5.3% |
| Equity | 10/15 | €245,734 | €267,772 | +€22,038 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,734 | €245,772 | +€22,038 | +9.9% |
| Amounts payable | 17/49 | €187,066 | €188,164 | +€1,099 | +0.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,728 | €135,658 | +€1,930 | +1.4% |
| Trade debts | 44 | €25,961 | €27,455 | +€1,494 | +5.8% |
| Suppliers | 440/4 | €25,961 | €27,455 | +€1,494 | +5.8% |
| Taxes, remuneration and social security | 45 | €13,660 | €14,051 | +€391 | +2.9% |
| Remuneration and social security | 454/9 | €13,660 | €14,051 | +€391 | +2.9% |
| Other amounts payable | 47/48 | €94,107 | €94,153 | +€45 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,338 | €2,507 | -€831 | -24.9% |
| Remuneration, social security and pensions | 62 | €78,177 | €80,528 | +€2,351 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | €1,434 | +€680 | +90.1% |
| Other operating charges | 640/8 | €408 | €422 | +€13 | +3.2% |
| Non-recurring operating charges | 66A | - | €70 | +€70 | |
| Gross operating margin | 9900 | €102,420 | €105,205 | +€2,785 | +2.7% |
| Operating profit (loss) | 9901 | €23,080 | €22,752 | -€328 | -1.4% |
| Financial income | 75/76B | €544 | €409 | -€135 | -24.9% |
| Recurring financial income | 75 | €544 | €409 | -€135 | -24.9% |
| Financial charges | 65/66B | €1,334 | €1,123 | -€211 | -15.8% |
| Recurring financial charges | 65 | €1,334 | €1,123 | -€211 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €22,291 | €22,038 | -€253 | -1.1% |
| Profit (loss) for the period | 9904 | €22,291 | €22,038 | -€253 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,291 | €22,038 | -€253 | -1.1% |
Next steps
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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.