APOTHEKEN PEETERS: 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.
APOTHEKEN PEETERS
Largest movements
- Tangible fixed assets +€577,627
up €577,627 (+209%), from €276,204 to €853,832
of which Land and buildings: +€541,066
- Deferred charges and accrued income +€92,883
up €92,883 (+1,053%), from €8,822 to €101,705
- Receivables within one year -€50,258
down €50,258 (-44.0%), from €114,319 to €64,061
of which Trade receivables: -€67,969
- Cash +€35,732
up €35,732 (+15.3%), from €232,938 to €268,670
mainly Net result for the year (+€472,528) and Other debts (+€148,696)
- Reserves +€322,528
up €322,528 (+56.1%), from €575,078 to €897,606
of which Tax-exempt reserves: +€401,902
- Other debts +€148,696
up €148,696 (+2,886%), from €5,153 to €153,848
- Provisions +€133,967
new in 2025: €133,967
- Debts after one year +€93,500
up €93,500 (+125%), from €75,000 to €168,500
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Gross operating margin +€563,156
up €563,156 (+546%), from €103,132 to €666,289
- Depreciation +€25,392
up €25,392 (+117%), from €21,628 to €47,020
- Taxes -€14,438
down €14,438 (-90.2%), from €16,013 to €1,575
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 | €782,709 | €1,443,306 | +€660,597 | +84.4% |
| Fixed assets | 21/28 | €283,591 | €861,219 | +€577,627 | +204% |
| Tangible fixed assets | 22/27 | €276,204 | €853,832 | +€577,627 | +209% |
| Land and buildings | 22 | €215,566 | €756,632 | +€541,066 | +251% |
| Plant, machinery and equipment | 23 | €60,638 | €92,321 | +€31,683 | +52.2% |
| Furniture and vehicles | 24 | €0 | €4,878 | +€4,878 | |
| Financial fixed assets | 28 | €7,387 | €7,387 | = | 0.0% |
| Current assets | 29/58 | €499,118 | €582,087 | +€82,970 | +16.6% |
| Stocks and contracts in progress | 3 | €143,039 | €147,651 | +€4,612 | +3.2% |
| Stocks | 30/36 | €143,039 | €147,651 | +€4,612 | +3.2% |
| Amounts receivable within one year | 40/41 | €114,319 | €64,061 | -€50,258 | -44.0% |
| Trade receivables | 40 | €94,004 | €26,035 | -€67,969 | -72.3% |
| Other amounts receivable | 41 | €20,315 | €38,026 | +€17,711 | +87.2% |
| Cash at bank and in hand | 54/58 | €232,938 | €268,670 | +€35,732 | +15.3% |
| Deferred charges and accrued income | 490/1 | €8,822 | €101,705 | +€92,883 | +1,053% |
| Total equity and liabilities | 10/49 | €782,709 | €1,443,306 | +€660,597 | +84.4% |
| Equity | 10/15 | €596,141 | €918,669 | +€322,528 | +54.1% |
| Contributions | 10/11 | €21,063 | €21,063 | = | 0.0% |
| Reserves | 13 | €575,078 | €897,606 | +€322,528 | +56.1% |
| Tax-exempt reserves | 132 | - | €401,902 | +€401,902 | |
| Distributable reserves | 133 | €575,078 | €495,704 | -€79,374 | -13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €133,967 | +€133,967 | |
| Deferred taxes | 168 | - | €133,967 | +€133,967 | |
| Amounts payable | 17/49 | €186,568 | €390,669 | +€204,101 | +109% |
| Amounts payable after more than one year | 17 | €75,000 | €168,500 | +€93,500 | +125% |
| Financial debts | 170/4 | €75,000 | €168,500 | +€93,500 | +125% |
| Amounts payable within one year | 42/48 | €111,568 | €221,905 | +€110,337 | +98.9% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €62,771 | €67,284 | +€4,513 | +7.2% |
| Suppliers | 440/4 | €62,771 | €67,284 | +€4,513 | +7.2% |
| Taxes, remuneration and social security | 45 | €18,644 | €773 | -€17,871 | -95.9% |
| Taxes | 450/3 | €18,644 | €773 | -€17,871 | -95.9% |
| Other amounts payable | 47/48 | €5,153 | €153,848 | +€148,696 | +2,886% |
| Accrued charges and deferred income | 492/3 | - | €264 | +€264 | |
| Non-recurring operating income | 76A | - | €552,026 | +€552,026 | |
| Remuneration, social security and pensions | 62 | €309 | €1,827 | +€1,518 | +492% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,628 | €47,020 | +€25,392 | +117% |
| Other operating charges | 640/8 | €2,642 | €3,260 | +€617 | +23.4% |
| Gross operating margin | 9900 | €103,132 | €666,289 | +€563,156 | +546% |
| Operating profit (loss) | 9901 | €78,554 | €614,182 | +€535,629 | +682% |
| Financial income | 75/76B | €3,153 | €528 | -€2,625 | -83.3% |
| Recurring financial income | 75 | €3,153 | €528 | -€2,625 | -83.3% |
| Financial charges | 65/66B | €2,977 | €6,640 | +€3,663 | +123% |
| Recurring financial charges | 65 | €2,977 | €6,640 | +€3,663 | +123% |
| Profit (loss) for the period before taxes | 9903 | €78,730 | €608,070 | +€529,340 | +672% |
| Transfer from deferred taxes | 780 | - | €4,039 | +€4,039 | |
| Transfer to deferred taxes | 680 | - | €138,007 | +€138,007 | |
| Income taxes | 67/77 | €16,013 | €1,575 | -€14,438 | -90.2% |
| Profit (loss) for the period | 9904 | €62,717 | €472,528 | +€409,811 | +653% |
| Transfer from tax-exempt reserves | 789 | - | €12,118 | +€12,118 | |
| Transfer to tax-exempt reserves | 689 | - | €414,020 | +€414,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,717 | €70,626 | +€7,909 | +12.6% |
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 30 October 2026 via checked.be.