B.D. FARMA: 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.
B.D. FARMA
Largest movements
- Receivables within one year +€77,530
up €77,530 (+59.3%), from €130,724 to €208,254
of which Other amounts receivable: +€67,308
- Cash -€72,886
down €72,886 (-41.9%), from €174,070 to €101,184
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€77,530)
- Trade debts +€18,290
up €18,290 (+24.4%), from €74,848 to €93,139
- Other debts -€11,725
down €11,725 (-5.5%), from €212,460 to €200,735
- Reserves -€8,310
down €8,310 (-4.5%), from €185,236 to €176,926
of which Distributable reserves: -€8,310
- Tax, wage and social debts +€6,697
up €6,697 (+29.1%), from €22,987 to €29,684
of which Taxes: +€5,453
- Gross operating margin +€36,607
up €36,607 (+8.8%), from €414,589 to €451,196
- Staff costs +€15,463
up €15,463 (+9.0%), from €171,348 to €186,811
- Taxes +€5,445
up €5,445 (+9.0%), from €60,743 to €66,188
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 | €557,532 | €562,484 | +€4,952 | +0.9% |
| Fixed assets | 21/28 | €9,554 | €7,378 | -€2,175 | -22.8% |
| Tangible fixed assets | 22/27 | €9,554 | €7,378 | -€2,175 | -22.8% |
| Plant, machinery and equipment | 23 | €5,636 | €4,794 | -€842 | -14.9% |
| Furniture and vehicles | 24 | €296 | - | -€296 | |
| Other tangible fixed assets | 26 | €3,622 | €2,584 | -€1,037 | -28.6% |
| Current assets | 29/58 | €547,978 | €555,105 | +€7,127 | +1.3% |
| Stocks and contracts in progress | 3 | €237,417 | €240,551 | +€3,133 | +1.3% |
| Stocks | 30/36 | €237,417 | €240,551 | +€3,133 | +1.3% |
| Amounts receivable within one year | 40/41 | €130,724 | €208,254 | +€77,530 | +59.3% |
| Trade receivables | 40 | €129,141 | €139,364 | +€10,222 | +7.9% |
| Other amounts receivable | 41 | €1,583 | €68,891 | +€67,308 | +4,252% |
| Cash at bank and in hand | 54/58 | €174,070 | €101,184 | -€72,886 | -41.9% |
| Deferred charges and accrued income | 490/1 | €5,767 | €5,116 | -€650 | -11.3% |
| Total equity and liabilities | 10/49 | €557,532 | €562,484 | +€4,952 | +0.9% |
| Equity | 10/15 | €247,236 | €238,926 | -€8,310 | -3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €185,236 | €176,926 | -€8,310 | -4.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €179,036 | €170,726 | -€8,310 | -4.6% |
| Amounts payable | 17/49 | €310,296 | €323,558 | +€13,262 | +4.3% |
| Amounts payable within one year | 42/48 | €310,296 | €323,558 | +€13,262 | +4.3% |
| Trade debts | 44 | €74,848 | €93,139 | +€18,290 | +24.4% |
| Suppliers | 440/4 | €74,848 | €93,139 | +€18,290 | +24.4% |
| Taxes, remuneration and social security | 45 | €22,987 | €29,684 | +€6,697 | +29.1% |
| Taxes | 450/3 | €669 | €6,122 | +€5,453 | +816% |
| Remuneration and social security | 454/9 | €22,319 | €23,563 | +€1,244 | +5.6% |
| Other amounts payable | 47/48 | €212,460 | €200,735 | -€11,725 | -5.5% |
| Remuneration, social security and pensions | 62 | €171,348 | €186,811 | +€15,463 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,071 | €5,600 | -€1,471 | -20.8% |
| Other operating charges | 640/8 | €1,745 | €2,224 | +€479 | +27.4% |
| Gross operating margin | 9900 | €414,589 | €451,196 | +€36,607 | +8.8% |
| Operating profit (loss) | 9901 | €234,425 | €256,561 | +€22,137 | +9.4% |
| Financial income | 75/76B | €2,414 | €1,523 | -€891 | -36.9% |
| Recurring financial income | 75 | €2,414 | €1,523 | -€891 | -36.9% |
| Financial charges | 65/66B | €106 | €207 | +€101 | +94.8% |
| Recurring financial charges | 65 | €106 | €207 | +€101 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €236,733 | €257,878 | +€21,145 | +8.9% |
| Income taxes | 67/77 | €60,743 | €66,188 | +€5,445 | +9.0% |
| Profit (loss) for the period | 9904 | €175,990 | €191,690 | +€15,700 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €175,990 | €191,690 | +€15,700 | +8.9% |
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 22 October 2026 via checked.be.