APOTHEEK WOLFS: 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 WOLFS
Largest movements
- Cash +€85,020
up €85,020 (+23.7%), from €358,069 to €443,089
mainly Net result for the year (+€112,192) and Other debts (+€44,650)
- Tangible fixed assets -€21,324
down €21,324 (-13.1%), from €162,525 to €141,201
of which Land and buildings: -€17,368
- Current investments +€12,099
up €12,099 (+7.8%), from €155,503 to €167,602
- Other debts +€44,650
up €44,650 (+23.7%), from €188,029 to €232,679
- Reserves +€39,738
up €39,738 (+7.1%), from €556,991 to €596,729
- Trade debts -€10,810
down €10,810 (-19.4%), from €55,791 to €44,982
- Gross operating margin -€9,972
down €9,972 (-4.6%), from €215,577 to €205,605
- Taxes -€3,975
down €3,975 (-7.8%), from €50,834 to €46,858
- Financial charges +€3,212
up €3,212 (+17.0%), from €18,878 to €22,090
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 | €845,942 | €916,811 | +€70,870 | +8.4% |
| Fixed assets | 21/28 | €162,525 | €141,201 | -€21,324 | -13.1% |
| Tangible fixed assets | 22/27 | €162,525 | €141,201 | -€21,324 | -13.1% |
| Land and buildings | 22 | €128,102 | €110,734 | -€17,368 | -13.6% |
| Plant, machinery and equipment | 23 | €28,266 | €25,626 | -€2,640 | -9.3% |
| Furniture and vehicles | 24 | €6,157 | €4,840 | -€1,316 | -21.4% |
| Current assets | 29/58 | €683,417 | €775,611 | +€92,194 | +13.5% |
| Stocks and contracts in progress | 3 | €71,832 | €66,994 | -€4,838 | -6.7% |
| Stocks | 30/36 | €71,832 | €66,994 | -€4,838 | -6.7% |
| Amounts receivable within one year | 40/41 | €80,108 | €79,093 | -€1,015 | -1.3% |
| Trade receivables | 40 | €80,101 | €79,088 | -€1,012 | -1.3% |
| Other amounts receivable | 41 | €8 | €5 | -€3 | -37.0% |
| Current investments | 50/53 | €155,503 | €167,602 | +€12,099 | +7.8% |
| Cash at bank and in hand | 54/58 | €358,069 | €443,089 | +€85,020 | +23.7% |
| Deferred charges and accrued income | 490/1 | €17,905 | €18,832 | +€927 | +5.2% |
| Total equity and liabilities | 10/49 | €845,942 | €916,811 | +€70,870 | +8.4% |
| Equity | 10/15 | €575,591 | €615,329 | +€39,738 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €556,991 | €596,729 | +€39,738 | +7.1% |
| Distributable reserves | 133 | €556,991 | €596,729 | +€39,738 | +7.1% |
| Amounts payable | 17/49 | €270,350 | €301,482 | +€31,131 | +11.5% |
| Amounts payable within one year | 42/48 | €262,547 | €293,700 | +€31,152 | +11.9% |
| Trade debts | 44 | €55,791 | €44,982 | -€10,810 | -19.4% |
| Suppliers | 440/4 | €55,791 | €44,982 | -€10,810 | -19.4% |
| Taxes, remuneration and social security | 45 | €18,726 | €16,039 | -€2,688 | -14.4% |
| Taxes | 450/3 | €18,726 | €16,039 | -€2,688 | -14.4% |
| Other amounts payable | 47/48 | €188,029 | €232,679 | +€44,650 | +23.7% |
| Accrued charges and deferred income | 492/3 | €7,803 | €7,782 | -€21 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,577 | €23,322 | -€255 | -1.1% |
| Other operating charges | 640/8 | €3,418 | €3,515 | +€97 | +2.8% |
| Gross operating margin | 9900 | €215,577 | €205,605 | -€9,972 | -4.6% |
| Operating profit (loss) | 9901 | €188,582 | €178,768 | -€9,815 | -5.2% |
| Financial income | 75/76B | €1,601 | €2,373 | +€772 | +48.2% |
| Recurring financial income | 75 | €1,601 | €2,373 | +€772 | +48.2% |
| Financial charges | 65/66B | €18,878 | €22,090 | +€3,212 | +17.0% |
| Recurring financial charges | 65 | €18,878 | €22,090 | +€3,212 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €171,306 | €159,051 | -€12,255 | -7.2% |
| Income taxes | 67/77 | €50,834 | €46,858 | -€3,975 | -7.8% |
| Profit (loss) for the period | 9904 | €120,472 | €112,192 | -€8,280 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,472 | €112,192 | -€8,280 | -6.9% |
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 19 October 2026 via checked.be.