CSD FARMAKEM: 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.
CSD FARMAKEM
Largest movements
- Receivables within one year +€60,006
up €60,006 (+74.8%), from €80,265 to €140,271
of which Other amounts receivable: +€70,683
- Cash +€7,432
up €7,432 (+80.6%), from €9,220 to €16,653
mainly Net result for the year (+€65,982) and Depreciation (+€8,452)
- Tangible fixed assets -€6,330
down €6,330 (-36.3%), from €17,441 to €11,111
of which Furniture and vehicles: -€5,682
- Reserves +€65,982
up €65,982 (+68.6%), from €96,147 to €162,129
- Tax, wage and social debts -€4,244
down €4,244 (-24.1%), from €17,606 to €13,362
- Gross operating margin +€32,861
up €32,861 (+46.6%), from €70,519 to €103,380
- Taxes +€9,868
up €9,868 (+42.0%), from €23,495 to €33,362
- Depreciation -€1,043
down €1,043 (-11.0%), from €9,494 to €8,452
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 | €222,765 | €284,147 | +€61,382 | +27.6% |
| Fixed assets | 21/28 | €26,947 | €20,616 | -€6,330 | -23.5% |
| Tangible fixed assets | 22/27 | €17,441 | €11,111 | -€6,330 | -36.3% |
| Plant, machinery and equipment | 23 | €4,738 | €4,090 | -€648 | -13.7% |
| Furniture and vehicles | 24 | €12,703 | €7,021 | -€5,682 | -44.7% |
| Financial fixed assets | 28 | €9,506 | €9,506 | = | 0.0% |
| Current assets | 29/58 | €195,819 | €263,531 | +€67,713 | +34.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,265 | €140,271 | +€60,006 | +74.8% |
| Trade receivables | 40 | €41,250 | €30,574 | -€10,677 | -25.9% |
| Other amounts receivable | 41 | €39,014 | €109,697 | +€70,683 | +181% |
| Cash at bank and in hand | 54/58 | €9,220 | €16,653 | +€7,432 | +80.6% |
| Deferred charges and accrued income | 490/1 | €6,334 | €6,608 | +€274 | +4.3% |
| Total equity and liabilities | 10/49 | €222,765 | €284,147 | +€61,382 | +27.6% |
| Equity | 10/15 | €204,417 | €268,699 | +€64,282 | +31.4% |
| Contributions | 10/11 | €16,800 | €16,800 | = | 0.0% |
| Reserves | 13 | €96,147 | €162,129 | +€65,982 | +68.6% |
| Distributable reserves | 133 | €96,147 | €162,129 | +€65,982 | +68.6% |
| Profit (loss) carried forward | 14 | €91,470 | €89,770 | -€1,700 | -1.9% |
| Amounts payable | 17/49 | €18,348 | €15,448 | -€2,900 | -15.8% |
| Amounts payable within one year | 42/48 | €18,348 | €15,448 | -€2,900 | -15.8% |
| Trade debts | 44 | €742 | €386 | -€356 | -48.0% |
| Suppliers | 440/4 | €742 | €386 | -€356 | -48.0% |
| Taxes, remuneration and social security | 45 | €17,606 | €13,362 | -€4,244 | -24.1% |
| Taxes | 450/3 | €17,606 | €13,362 | -€4,244 | -24.1% |
| Other amounts payable | 47/48 | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,494 | €8,452 | -€1,043 | -11.0% |
| Other operating charges | 640/8 | €2,085 | €2,024 | -€61 | -2.9% |
| Gross operating margin | 9900 | €70,519 | €103,380 | +€32,861 | +46.6% |
| Operating profit (loss) | 9901 | €58,939 | €92,904 | +€33,965 | +57.6% |
| Financial income | 75/76B | €6,334 | €6,608 | +€274 | +4.3% |
| Recurring financial income | 75 | €6,334 | €6,608 | +€274 | +4.3% |
| Financial charges | 65/66B | €271 | €167 | -€104 | -38.3% |
| Recurring financial charges | 65 | €271 | €167 | -€104 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €65,002 | €99,344 | +€34,343 | +52.8% |
| Income taxes | 67/77 | €23,495 | €33,362 | +€9,868 | +42.0% |
| Profit (loss) for the period | 9904 | €41,507 | €65,982 | +€24,475 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,507 | €65,982 | +€24,475 | +59.0% |
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 14 October 2026 via checked.be.