Anfarma: 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.
Anfarma
Largest movements
- Cash +€30,979
up €30,979 (+29.7%), from €104,471 to €135,450
mainly Net result for the year (+€45,663) and Depreciation (+€22,390)
- Tangible fixed assets -€14,717
down €14,717 (-20.3%), from €72,386 to €57,669
of which Furniture and vehicles: -€15,311
- Current investments +€12,631
up €12,631 (+15.2%), from €83,301 to €95,932
- Intangible fixed assets -€5,464
down €5,464 (-100.0%), from €5,464 to €0
- Deferred charges and accrued income -€4,265
down €4,265 (-53.9%), from €7,909 to €3,644
- Reserves +€14,467
up €14,467 (+4.8%), from €300,935 to €315,402
of which Distributable reserves: +€14,467
- Gross operating margin +€9,371
up €9,371 (+12.1%), from €77,632 to €87,003
- Depreciation +€5,647
up €5,647 (+33.7%), from €16,743 to €22,390
- Financial charges +€2,447
up €2,447, from -€1,146 to €1,301
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,606 | €386,780 | +€19,175 | +5.2% |
| Fixed assets | 21/28 | €78,048 | €57,868 | -€20,180 | -25.9% |
| Intangible fixed assets | 21 | €5,464 | €0 | -€5,464 | -100.0% |
| Tangible fixed assets | 22/27 | €72,386 | €57,669 | -€14,717 | -20.3% |
| Plant, machinery and equipment | 23 | €5,951 | €6,546 | +€594 | +10.0% |
| Furniture and vehicles | 24 | €66,435 | €51,124 | -€15,311 | -23.0% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €289,558 | €328,913 | +€39,355 | +13.6% |
| Stocks and contracts in progress | 3 | €69,259 | €72,157 | +€2,898 | +4.2% |
| Stocks | 30/36 | €69,259 | €72,157 | +€2,898 | +4.2% |
| Amounts receivable within one year | 40/41 | €24,618 | €21,730 | -€2,888 | -11.7% |
| Trade receivables | 40 | €23,193 | €21,317 | -€1,876 | -8.1% |
| Other amounts receivable | 41 | €1,425 | €413 | -€1,013 | -71.0% |
| Current investments | 50/53 | €83,301 | €95,932 | +€12,631 | +15.2% |
| Cash at bank and in hand | 54/58 | €104,471 | €135,450 | +€30,979 | +29.7% |
| Deferred charges and accrued income | 490/1 | €7,909 | €3,644 | -€4,265 | -53.9% |
| Total equity and liabilities | 10/49 | €367,606 | €386,780 | +€19,175 | +5.2% |
| Equity | 10/15 | €319,485 | €333,952 | +€14,467 | +4.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €300,935 | €315,402 | +€14,467 | +4.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €299,080 | €313,547 | +€14,467 | +4.8% |
| Amounts payable | 17/49 | €48,120 | €52,828 | +€4,708 | +9.8% |
| Amounts payable within one year | 42/48 | €47,949 | €52,828 | +€4,879 | +10.2% |
| Trade debts | 44 | €12,168 | €15,079 | +€2,911 | +23.9% |
| Suppliers | 440/4 | €12,168 | €15,079 | +€2,911 | +23.9% |
| Taxes, remuneration and social security | 45 | €1,123 | €3,911 | +€2,788 | +248.4% |
| Taxes | 450/3 | €1,123 | €3,911 | +€2,788 | +248.4% |
| Other amounts payable | 47/48 | €34,658 | €33,837 | -€821 | -2.4% |
| Accrued charges and deferred income | 492/3 | €171 | - | -€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,743 | €22,390 | +€5,647 | +33.7% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €77,632 | €87,003 | +€9,371 | +12.1% |
| Operating profit (loss) | 9901 | €60,320 | €64,028 | +€3,708 | +6.1% |
| Financial income | 75/76B | €1,127 | €1,736 | +€609 | +54.1% |
| Recurring financial income | 75 | €1,127 | €1,736 | +€609 | +54.1% |
| Financial charges | 65/66B | -€1,146 | €1,301 | +€2,447 | |
| Recurring financial charges | 65 | -€1,146 | €1,301 | +€2,447 | |
| Profit (loss) for the period before taxes | 9903 | €62,593 | €64,462 | +€1,870 | +3.0% |
| Income taxes | 67/77 | €18,155 | €18,799 | +€644 | +3.5% |
| Profit (loss) for the period | 9904 | €44,438 | €45,663 | +€1,226 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,438 | €45,663 | +€1,226 | +2.8% |
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 9 October 2026 via checked.be.