BAFRA: 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.
What changed
BAFRA
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€45,454
2024 · -€59,148+€104,602
Equity
€2.0m
2024 · €2.0m+€45,454
Cash
€9,898
2024 · -+€9,898
Balance sheet total
€2.4m
2024 · €2.5m-€132,271
Largest movements
Assets
- Receivables within one year -€79,995
down €79,995 (-11.5%), from €697,760 to €617,765
of which Trade receivables: -€82,393
- Tangible fixed assets -€69,699
down €69,699 (-4.1%), from €1.7m to €1.6m
of which Land and buildings: -€38,913
Equity and liabilities
- Short-term financial debts -€142,992
down €142,992 (-32.3%), from €442,992 to €300,000
- Profit (loss) carried forward +€45,454
up €45,454 (+4.6%), from €981,052 to €1.0m
- Debts after one year -€34,674
down €34,674 (-85.4%), from €40,618 to €5,944
Income statement
- Gross operating margin +€80,313
up €80,313 (+102%), from €78,780 to €159,093
- Financial charges -€18,164
down €18,164 (-50.0%), from €36,316 to €18,152
- Depreciation -€6,895
down €6,895 (-8.5%), from €81,531 to €74,636
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.
Result 2024
-€59,148
Gross operating margin
+€80,313
Staff costs
-€189
Depreciation
+€6,895
Other operating charges
+€809
Financial income
-€1,390
Financial charges
+€18,164
Result 2025
€45,454
raises the resultlowers the result
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.
From operations
+€190,868
Investment
-€4,937
Financing
-€176,033
Cash 2024
€0
From operations (derived)
+€190,868
Net result for the year
+€45,454
Depreciation
+€74,636
Receivables within one year
+€79,995
Deferred charges and accrued income
-€7,525
Trade debts
+€13,076
Tax, wage and social debts
-€14,768
Investment (derived)
-€4,937
Investment in fixed assets (net)
-€4,937
Financing
-€176,033
Debts after one year
-€34,674
Current portion of long-term debt
+€1,633
Short-term financial debts
-€142,992
Cash 2025
€9,898
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,520,719 | €2,388,448 | -€132,271 | -5.2% |
| Fixed assets | 21/28 | €1,740,417 | €1,670,718 | -€69,699 | -4.0% |
| Tangible fixed assets | 22/27 | €1,715,417 | €1,645,718 | -€69,699 | -4.1% |
| Land and buildings | 22 | €1,565,000 | €1,526,087 | -€38,913 | -2.5% |
| Plant, machinery and equipment | 23 | €20,860 | €13,172 | -€7,688 | -36.9% |
| Furniture and vehicles | 24 | €43,148 | €23,832 | -€19,316 | -44.8% |
| Assets under construction and advance payments | 27 | €86,409 | €82,627 | -€3,782 | -4.4% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €780,302 | €717,730 | -€62,572 | -8.0% |
| Stocks and contracts in progress | 3 | €81,500 | €81,500 | = | 0.0% |
| Stocks | 30/36 | €81,500 | €81,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €697,760 | €617,765 | -€79,995 | -11.5% |
| Trade receivables | 40 | €354,407 | €272,014 | -€82,393 | -23.2% |
| Other amounts receivable | 41 | €343,353 | €345,751 | +€2,398 | +0.7% |
| Cash at bank and in hand | 54/58 | - | €9,898 | +€9,898 | |
| Deferred charges and accrued income | 490/1 | €1,042 | €8,567 | +€7,525 | +722% |
| Total equity and liabilities | 10/49 | €2,520,719 | €2,388,448 | -€132,271 | -5.2% |
| Equity | 10/15 | €1,971,052 | €2,016,506 | +€45,454 | +2.3% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Contributions outside capital | 11 | €900,000 | €900,000 | = | 0.0% |
| Other | 1109/19 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €981,052 | €1,026,506 | +€45,454 | +4.6% |
| Amounts payable | 17/49 | €549,667 | €371,942 | -€177,725 | -32.3% |
| Amounts payable after more than one year | 17 | €40,618 | €5,944 | -€34,674 | -85.4% |
| Financial debts | 170/4 | €40,618 | €5,944 | -€34,674 | -85.4% |
| Amounts payable within one year | 42/48 | €509,049 | €365,998 | -€143,051 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €33,041 | €34,674 | +€1,633 | +4.9% |
| Financial debts | 43 | €442,992 | €300,000 | -€142,992 | -32.3% |
| Credit institutions | 430/8 | €442,992 | €300,000 | -€142,992 | -32.3% |
| Trade debts | 44 | €2,994 | €16,070 | +€13,076 | +437% |
| Suppliers | 440/4 | €2,994 | €16,070 | +€13,076 | +437% |
| Taxes, remuneration and social security | 45 | €30,022 | €15,254 | -€14,768 | -49.2% |
| Taxes | 450/3 | €28,422 | €13,621 | -€14,801 | -52.1% |
| Remuneration and social security | 454/9 | €1,600 | €1,633 | +€33 | +2.1% |
| Remuneration, social security and pensions | 62 | €22,670 | €22,859 | +€189 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,531 | €74,636 | -€6,895 | -8.5% |
| Other operating charges | 640/8 | €13,453 | €12,644 | -€809 | -6.0% |
| Gross operating margin | 9900 | €78,780 | €159,093 | +€80,313 | +102% |
| Operating profit (loss) | 9901 | -€38,874 | €48,954 | +€87,828 | |
| Financial income | 75/76B | €16,042 | €14,652 | -€1,390 | -8.7% |
| Recurring financial income | 75 | €16,042 | €14,652 | -€1,390 | -8.7% |
| Financial charges | 65/66B | €36,316 | €18,152 | -€18,164 | -50.0% |
| Recurring financial charges | 65 | €36,316 | €18,152 | -€18,164 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | -€59,148 | €45,454 | +€104,602 | |
| Profit (loss) for the period | 9904 | -€59,148 | €45,454 | +€104,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,148 | €45,454 | +€104,602 |
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 24 October 2026 via checked.be.