Walemapotheek: 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.
Walemapotheek
Largest movements
- Intangible fixed assets -€27,500
down €27,500 (-100%), from €27,500 to €0
- Receivables within one year +€16,564
up €16,564 (+24.6%), from €67,434 to €83,998
of which Trade receivables: +€18,213
- Stocks and contracts +€13,345
up €13,345 (+8.8%), from €151,458 to €164,803
- Cash -€8,146
down €8,146 (-15.5%), from €52,706 to €44,560
mainly Contributions, distributions and other (-€179,000) and Current portion of long-term debt (-€55,245)
- Other debts +€121,102
up €121,102 (+178%), from €67,870 to €188,972
- Reserves -€98,989
down €98,989 (-99.5%), from €99,476 to €486
- Current portion of long-term debt -€55,245
down €55,245 (-60.7%), from €90,994 to €35,749
- Trade debts +€13,048
up €13,048 (+28.3%), from €46,175 to €59,223
- Tax, wage and social debts +€8,196
up €8,196 (+61.9%), from €13,245 to €21,441
of which Remuneration and social security: +€6,191
- Gross operating margin +€53,486
up €53,486 (+28.3%), from €188,853 to €242,339
- Staff costs +€9,251
up €9,251 (+16.6%), from €55,818 to €65,069
- Taxes +€6,971
up €6,971 (+51.1%), from €13,654 to €20,625
- Depreciation +€3,380
up €3,380 (+5.6%), from €60,753 to €64,133
- Financial charges +€2,881
up €2,881 (+31.8%), from €9,062 to €11,943
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 | €496,169 | €491,415 | -€4,754 | -1.0% |
| Fixed assets | 21/28 | €212,173 | €186,439 | -€25,734 | -12.1% |
| Intangible fixed assets | 21 | €27,500 | €0 | -€27,500 | -100% |
| Tangible fixed assets | 22/27 | €179,674 | €181,439 | +€1,765 | +1.0% |
| Land and buildings | 22 | €154,000 | €140,000 | -€14,000 | -9.1% |
| Plant, machinery and equipment | 23 | €23,244 | €40,334 | +€17,090 | +73.5% |
| Furniture and vehicles | 24 | €2,430 | €1,105 | -€1,325 | -54.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €283,996 | €304,976 | +€20,981 | +7.4% |
| Stocks and contracts in progress | 3 | €151,458 | €164,803 | +€13,345 | +8.8% |
| Stocks | 30/36 | €151,458 | €164,803 | +€13,345 | +8.8% |
| Amounts receivable within one year | 40/41 | €67,434 | €83,998 | +€16,564 | +24.6% |
| Trade receivables | 40 | €61,440 | €79,653 | +€18,213 | +29.6% |
| Other amounts receivable | 41 | €5,994 | €4,346 | -€1,648 | -27.5% |
| Cash at bank and in hand | 54/58 | €52,706 | €44,560 | -€8,146 | -15.5% |
| Deferred charges and accrued income | 490/1 | €12,398 | €11,615 | -€783 | -6.3% |
| Total equity and liabilities | 10/49 | €496,169 | €491,415 | -€4,754 | -1.0% |
| Equity | 10/15 | €118,076 | €19,086 | -€98,989 | -83.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,476 | €486 | -€98,989 | -99.5% |
| Distributable reserves | 133 | €99,476 | €486 | -€98,989 | -99.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €378,094 | €472,329 | +€94,235 | +24.9% |
| Amounts payable after more than one year | 17 | €157,003 | €160,713 | +€3,710 | +2.4% |
| Financial debts | 170/4 | €157,003 | €160,713 | +€3,710 | +2.4% |
| Amounts payable within one year | 42/48 | €218,285 | €305,385 | +€87,100 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €90,994 | €35,749 | -€55,245 | -60.7% |
| Trade debts | 44 | €46,175 | €59,223 | +€13,048 | +28.3% |
| Suppliers | 440/4 | €46,175 | €59,223 | +€13,048 | +28.3% |
| Taxes, remuneration and social security | 45 | €13,245 | €21,441 | +€8,196 | +61.9% |
| Taxes | 450/3 | €8,156 | €10,161 | +€2,005 | +24.6% |
| Remuneration and social security | 454/9 | €5,089 | €11,280 | +€6,191 | +122% |
| Other amounts payable | 47/48 | €67,870 | €188,972 | +€121,102 | +178% |
| Accrued charges and deferred income | 492/3 | €2,806 | €6,231 | +€3,425 | +122% |
| Remuneration, social security and pensions | 62 | €55,818 | €65,069 | +€9,251 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,753 | €64,133 | +€3,380 | +5.6% |
| Other operating charges | 640/8 | €583 | €618 | +€35 | +5.9% |
| Gross operating margin | 9900 | €188,853 | €242,339 | +€53,486 | +28.3% |
| Operating profit (loss) | 9901 | €71,699 | €112,519 | +€40,820 | +56.9% |
| Financial income | 75/76B | €60 | €60 | = | 0.0% |
| Recurring financial income | 75 | €60 | €60 | = | 0.0% |
| Financial charges | 65/66B | €9,062 | €11,943 | +€2,881 | +31.8% |
| Recurring financial charges | 65 | €9,062 | €11,943 | +€2,881 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €62,697 | €100,636 | +€37,939 | +60.5% |
| Income taxes | 67/77 | €13,654 | €20,625 | +€6,971 | +51.1% |
| Profit (loss) for the period | 9904 | €49,042 | €80,011 | +€30,968 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,042 | €80,011 | +€30,968 | +63.1% |
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 15 October 2026 via checked.be.