DE APOTHEEK: 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.
What changed
DE APOTHEEK
NACE 47.730, Retail sale of pharmaceutical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,363
2024 · €21,229-€7,866
Equity
€125,537
2024 · €125,174+€363
Cash
€21,388
2024 · €20,433+€955
Balance sheet total
€1.2m
2024 · €1.2m-€36,460
Largest movements
Assets
- Tangible fixed assets -€75,571
down €75,571 (-8.0%), from €940,242 to €864,670
of which Furniture and vehicles: -€38,925
- Receivables within one year +€17,507
up €17,507 (+19.2%), from €90,987 to €108,494
of which Trade receivables: +€18,218
- Stocks and contracts +€15,639
up €15,639 (+9.8%), from €159,481 to €175,120
Equity and liabilities
- Debts after one year -€49,111
down €49,111 (-14.5%), from €337,943 to €288,831
- Trade debts +€17,272
up €17,272 (+13.2%), from €130,797 to €148,069
Income statement
- Staff costs +€48,243
up €48,243 (+25.8%), from €186,873 to €235,116
- Gross operating margin +€42,132
up €42,132 (+13.9%), from €302,447 to €344,579
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.
Result 2024
€21,229
Gross operating margin
+€42,132
Staff costs
-€48,243
Depreciation
-€2,337
Other operating charges
-€202
Other operating items
-€142
Financial income
-€1
Financial charges
+€2,720
Taxes
-€1,793
Result 2025
€13,363
Cash bridge derived
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.
From operations
+€64,643
Investment
-€2,342
Financing
-€61,346
Cash 2024
€20,433
From operations (derived)
+€64,643
Net result for the year
+€13,363
Depreciation
+€77,913
Stocks and contracts
-€15,639
Receivables within one year
-€17,507
Deferred charges and accrued income
-€5,011
Trade debts
+€17,272
Tax, wage and social debts
+€8,894
Other debts
-€2,985
Accrued charges and deferred income
-€11,657
Investment (derived)
-€2,342
Investment in fixed assets (net)
-€2,342
Financing
-€61,346
Debts after one year
-€49,111
Current portion of long-term debt
+€765
Contributions, distributions and other
-€13,000
Cash 2025
€21,388
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,218,829 | €1,182,370 | -€36,460 | -3.0% |
| Fixed assets | 21/28 | €940,242 | €864,670 | -€75,571 | -8.0% |
| Tangible fixed assets | 22/27 | €940,242 | €864,670 | -€75,571 | -8.0% |
| Land and buildings | 22 | €362,727 | €342,052 | -€20,675 | -5.7% |
| Plant, machinery and equipment | 23 | €131,034 | €115,063 | -€15,971 | -12.2% |
| Furniture and vehicles | 24 | €446,480 | €407,555 | -€38,925 | -8.7% |
| Current assets | 29/58 | €278,588 | €317,699 | +€39,111 | +14.0% |
| Stocks and contracts in progress | 3 | €159,481 | €175,120 | +€15,639 | +9.8% |
| Stocks | 30/36 | €159,481 | €175,120 | +€15,639 | +9.8% |
| Amounts receivable within one year | 40/41 | €90,987 | €108,494 | +€17,507 | +19.2% |
| Trade receivables | 40 | €90,276 | €108,494 | +€18,218 | +20.2% |
| Other amounts receivable | 41 | €711 | €0 | -€711 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,433 | €21,388 | +€955 | +4.7% |
| Deferred charges and accrued income | 490/1 | €7,686 | €12,697 | +€5,011 | +65.2% |
| Total equity and liabilities | 10/49 | €1,218,829 | €1,182,370 | -€36,460 | -3.0% |
| Equity | 10/15 | €125,174 | €125,537 | +€363 | +0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €63,674 | €64,037 | +€363 | +0.6% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €57,601 | €57,964 | +€363 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,093,655 | €1,056,832 | -€36,823 | -3.4% |
| Amounts payable after more than one year | 17 | €337,943 | €288,831 | -€49,111 | -14.5% |
| Financial debts | 170/4 | €337,943 | €288,831 | -€49,111 | -14.5% |
| Amounts payable within one year | 42/48 | €738,162 | €762,108 | +€23,946 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €48,346 | €49,111 | +€765 | +1.6% |
| Trade debts | 44 | €130,797 | €148,069 | +€17,272 | +13.2% |
| Suppliers | 440/4 | €130,797 | €148,069 | +€17,272 | +13.2% |
| Taxes, remuneration and social security | 45 | €24,614 | €33,508 | +€8,894 | +36.1% |
| Taxes | 450/3 | €290 | €3,262 | +€2,973 | +1025.2% |
| Remuneration and social security | 454/9 | €24,324 | €30,245 | +€5,921 | +24.3% |
| Other amounts payable | 47/48 | €534,405 | €531,420 | -€2,985 | -0.6% |
| Accrued charges and deferred income | 492/3 | €17,550 | €5,893 | -€11,657 | -66.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €186,873 | €235,116 | +€48,243 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,575 | €77,913 | +€2,337 | +3.1% |
| Other operating charges | 640/8 | €2,914 | €3,115 | +€202 | +6.9% |
| Non-recurring operating charges | 66A | - | €142 | +€142 | |
| Gross operating margin | 9900 | €302,447 | €344,579 | +€42,132 | +13.9% |
| Operating profit (loss) | 9901 | €37,085 | €28,292 | -€8,793 | -23.7% |
| Financial income | 75/76B | €5 | €4 | -€1 | -15.9% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -15.9% |
| Financial charges | 65/66B | €15,571 | €12,851 | -€2,720 | -17.5% |
| Recurring financial charges | 65 | €15,571 | €12,851 | -€2,720 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €21,519 | €15,446 | -€6,073 | -28.2% |
| Income taxes | 67/77 | €290 | €2,083 | +€1,793 | +618.3% |
| Profit (loss) for the period | 9904 | €21,229 | €13,363 | -€7,866 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,229 | €13,363 | -€7,866 | -37.1% |
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 12 October 2026 via checked.be.