met Apotheken: what changed
What changed
met Apotheken
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€399,050
2024 · €374,598+€24,452
Equity
€1.3m
2024 · €888,685+€397,108
Cash
€153,833
2024 · €35,079+€118,755
Balance sheet total
€8.0m
2024 · €5.7m+€2.4m
Largest movements
Assets
- Financial fixed assets +€2.3m
up €2.3m (+46.0%), from €5.1m to €7.4m
- Current investments -€225,000
down €225,000 (-100%), from €225,000 to €0
- Cash +€118,755
up €118,755 (+339%), from €35,079 to €153,833
mainly Debts after one year (+€1.8m) and Net result for the year (+€399,050)
- Receivables within one year +€84,155
up €84,155 (+25.5%), from €329,712 to €413,867
of which Other amounts receivable: +€48,558
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+40.0%), from €4.5m to €6.3m
- Reserves +€397,108
up €397,108 (+48.8%), from €813,685 to €1.2m
- Current portion of long-term debt +€177,818
up €177,818 (+94.1%), from €188,988 to €366,806
Income statement
- Financial income +€118,290
up €118,290 (+76.6%), from €154,496 to €272,786
- Staff costs +€81,214
up €81,214 (+76.7%), from €105,910 to €187,125
- Taxes -€33,867
down €33,867 (-47.6%), from €71,218 to €37,351
- Financial charges +€25,981
up €25,981 (+53.1%), from €48,884 to €74,865
- Gross operating margin -€16,292
down €16,292 (-3.6%), from €450,993 to €434,700
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
€374,598
Gross operating margin
-€16,292
Staff costs
-€81,214
Depreciation
-€3,218
Other operating charges
-€998
Financial income
+€118,290
Financial charges
-€25,981
Taxes
+€33,867
Result 2025
€399,050
raises the resultlowers the result
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
+€311,564
Investment
-€2.2m
Financing
+€2.0m
Cash 2024
€35,079
From operations (derived)
+€311,564
Net result for the year
+€399,050
Depreciation
+€8,035
Receivables within one year
-€84,155
Smaller working-capital items
+€8,948
Trade debts
+€26,124
Tax, wage and social debts
-€46,438
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.4m
Current investments
+€225,000
Financing
+€2.0m
Debts after one year
+€1.8m
Current portion of long-term debt
+€177,818
Contributions, distributions and other
-€1,942
Cash 2025
€153,833
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,693,230 | €8,047,705 | +€2.4m | +41.4% |
| Fixed assets | 21/28 | €5,101,371 | €7,478,969 | +€2.4m | +46.6% |
| Tangible fixed assets | 22/27 | €4,429 | €36,732 | +€32,303 | +729% |
| Plant, machinery and equipment | 23 | - | €1,785 | +€1,785 | |
| Furniture and vehicles | 24 | €4,429 | €34,947 | +€30,518 | +689% |
| Financial fixed assets | 28 | €5,096,941 | €7,442,237 | +€2.3m | +46.0% |
| Current assets | 29/58 | €591,859 | €568,736 | -€23,124 | -3.9% |
| Amounts receivable within one year | 40/41 | €329,712 | €413,867 | +€84,155 | +25.5% |
| Trade receivables | 40 | €56,870 | €92,467 | +€35,597 | +62.6% |
| Other amounts receivable | 41 | €272,842 | €321,400 | +€48,558 | +17.8% |
| Current investments | 50/53 | €225,000 | €0 | -€225,000 | -100% |
| Cash at bank and in hand | 54/58 | €35,079 | €153,833 | +€118,755 | +339% |
| Deferred charges and accrued income | 490/1 | €2,069 | €1,036 | -€1,034 | -50.0% |
| Total equity and liabilities | 10/49 | €5,693,230 | €8,047,705 | +€2.4m | +41.4% |
| Equity | 10/15 | €888,685 | €1,285,793 | +€397,108 | +44.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €813,685 | €1,210,793 | +€397,108 | +48.8% |
| Distributable reserves | 133 | €813,685 | €1,210,793 | +€397,108 | +48.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,804,545 | €6,761,911 | +€2.0m | +40.7% |
| Amounts payable after more than one year | 17 | €4,475,448 | €6,267,396 | +€1.8m | +40.0% |
| Financial debts | 170/4 | €4,475,448 | €6,267,396 | +€1.8m | +40.0% |
| Amounts payable within one year | 42/48 | €325,021 | €486,855 | +€161,834 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €188,988 | €366,806 | +€177,818 | +94.1% |
| Trade debts | 44 | €24,166 | €50,290 | +€26,124 | +108% |
| Suppliers | 440/4 | €24,166 | €50,290 | +€26,124 | +108% |
| Taxes, remuneration and social security | 45 | €94,691 | €48,253 | -€46,438 | -49.0% |
| Taxes | 450/3 | €78,637 | €15,656 | -€62,981 | -80.1% |
| Remuneration and social security | 454/9 | €16,054 | €32,596 | +€16,542 | +103% |
| Other amounts payable | 47/48 | €17,177 | €21,507 | +€4,330 | +25.2% |
| Accrued charges and deferred income | 492/3 | €4,075 | €7,660 | +€3,585 | +88.0% |
| Remuneration, social security and pensions | 62 | €105,910 | €187,125 | +€81,214 | +76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,816 | €8,035 | +€3,218 | +66.8% |
| Other operating charges | 640/8 | €62 | €1,060 | +€998 | +1,610% |
| Gross operating margin | 9900 | €450,993 | €434,700 | -€16,292 | -3.6% |
| Operating profit (loss) | 9901 | €340,204 | €238,480 | -€101,723 | -29.9% |
| Financial income | 75/76B | €154,496 | €272,786 | +€118,290 | +76.6% |
| Recurring financial income | 75 | €154,496 | €272,786 | +€118,290 | +76.6% |
| Financial charges | 65/66B | €48,884 | €74,865 | +€25,981 | +53.1% |
| Recurring financial charges | 65 | €48,884 | €74,865 | +€25,981 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €445,816 | €436,402 | -€9,415 | -2.1% |
| Income taxes | 67/77 | €71,218 | €37,351 | -€33,867 | -47.6% |
| Profit (loss) for the period | 9904 | €374,598 | €399,050 | +€24,452 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €374,598 | €399,050 | +€24,452 | +6.5% |
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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.