Pharmacie Apollo: 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.
Pharmacie Apollo
Largest movements
- Tangible fixed assets +€88,575
up €88,575 (+81.3%), from €108,981 to €197,557
- Cash -€36,844
down €36,844 (-25.2%), from €145,949 to €109,105
mainly Investment in fixed assets (net) (-€110,552) and Stocks and contracts (-€36,118)
- Stocks and contracts +€36,118
up €36,118 (+42.8%), from €84,486 to €120,604
- Receivables within one year +€25,743
up €25,743 (+48.6%), from €52,996 to €78,739
of which Trade receivables: +€29,998
- Intangible fixed assets -€14,659
down €14,659 (-11.1%), from €131,889 to €117,230
- Profit (loss) carried forward +€95,127
up €95,127 (+81.9%), from €116,175 to €211,302
- Tax, wage and social debts +€32,021
up €32,021 (+98.9%), from €32,388 to €64,409
of which Taxes: +€26,680
- Trade debts -€16,869
down €16,869 (-13.0%), from €130,247 to €113,379
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Current portion of long-term debt +€8,627
up €8,627 (+31.0%), from €27,814 to €36,441
- Staff costs +€44,793
up €44,793 (+381%), from €11,743 to €56,536
- Gross operating margin +€30,787
up €30,787 (+15.7%), from €196,198 to €226,985
- Depreciation +€13,494
up €13,494 (+58.3%), from €23,141 to €36,636
- Taxes -€4,726
down €4,726 (-15.1%), from €31,264 to €26,537
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 | €526,198 | €628,175 | +€101,977 | +19.4% |
| Fixed assets | 21/28 | €240,870 | €314,787 | +€73,916 | +30.7% |
| Intangible fixed assets | 21 | €131,889 | €117,230 | -€14,659 | -11.1% |
| Tangible fixed assets | 22/27 | €108,981 | €197,557 | +€88,575 | +81.3% |
| Land and buildings | 22 | - | €19,663 | +€19,663 | |
| Plant, machinery and equipment | 23 | €32,091 | €70,170 | +€38,080 | +119% |
| Furniture and vehicles | 24 | €76,891 | €107,723 | +€30,833 | +40.1% |
| Current assets | 29/58 | €285,328 | €313,388 | +€28,061 | +9.8% |
| Stocks and contracts in progress | 3 | €84,486 | €120,604 | +€36,118 | +42.8% |
| Stocks | 30/36 | €84,486 | €120,604 | +€36,118 | +42.8% |
| Amounts receivable within one year | 40/41 | €52,996 | €78,739 | +€25,743 | +48.6% |
| Trade receivables | 40 | €46,377 | €76,375 | +€29,998 | +64.7% |
| Other amounts receivable | 41 | €6,619 | €2,364 | -€4,255 | -64.3% |
| Cash at bank and in hand | 54/58 | €145,949 | €109,105 | -€36,844 | -25.2% |
| Deferred charges and accrued income | 490/1 | €1,897 | €4,940 | +€3,043 | +160% |
| Total equity and liabilities | 10/49 | €526,198 | €628,175 | +€101,977 | +19.4% |
| Equity | 10/15 | €117,175 | €212,302 | +€95,127 | +81.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,175 | €211,302 | +€95,127 | +81.9% |
| Amounts payable | 17/49 | €409,023 | €415,873 | +€6,850 | +1.7% |
| Amounts payable after more than one year | 17 | €195,584 | €193,378 | -€2,206 | -1.1% |
| Financial debts | 170/4 | €195,584 | €193,378 | -€2,206 | -1.1% |
| Amounts payable within one year | 42/48 | €213,440 | €222,496 | +€9,056 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €27,814 | €36,441 | +€8,627 | +31.0% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €130,247 | €113,379 | -€16,869 | -13.0% |
| Suppliers | 440/4 | €130,247 | €113,379 | -€16,869 | -13.0% |
| Taxes, remuneration and social security | 45 | €32,388 | €64,409 | +€32,021 | +98.9% |
| Taxes | 450/3 | €31,264 | €57,944 | +€26,680 | +85.3% |
| Remuneration and social security | 454/9 | €1,125 | €6,465 | +€5,341 | +475% |
| Other amounts payable | 47/48 | €7,990 | €8,267 | +€277 | +3.5% |
| Remuneration, social security and pensions | 62 | €11,743 | €56,536 | +€44,793 | +381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,141 | €36,636 | +€13,494 | +58.3% |
| Gross operating margin | 9900 | €196,198 | €226,985 | +€30,787 | +15.7% |
| Operating profit (loss) | 9901 | €161,314 | €133,813 | -€27,501 | -17.0% |
| Financial charges | 65/66B | €13,876 | €12,149 | -€1,727 | -12.4% |
| Recurring financial charges | 65 | €13,876 | €12,149 | -€1,727 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €147,438 | €121,664 | -€25,774 | -17.5% |
| Income taxes | 67/77 | €31,264 | €26,537 | -€4,726 | -15.1% |
| Profit (loss) for the period | 9904 | €116,175 | €95,127 | -€21,047 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,175 | €95,127 | -€21,047 | -18.1% |
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 27 October 2026 via checked.be.