EFARMZ: 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.
EFARMZ
Largest movements
- Cash +€238,849
up €238,849 (+365.7%), from €65,309 to €304,158
mainly Contributions, distributions and other (+€594,719) and Depreciation (+€431,070)
- Receivables within one year -€191,383
down €191,383 (-47.2%), from €405,488 to €214,105
of which Trade receivables: -€154,252
- Intangible fixed assets -€68,040
down €68,040 (-23.7%), from €287,297 to €219,257
- Tangible fixed assets -€55,835
down €55,835 (-10.8%), from €518,714 to €462,879
of which Plant, machinery and equipment: -€29,719
- Current investments +€50,000
up €50,000 (+16.7%), from €300,100 to €350,100
- Contributions +€594,719
up €594,719 (+14.4%), from €4.1m to €4.7m
- Profit (loss) carried forward -€567,233
down €567,233 (-13.5%), from -€4.2m to -€4.8m
- Debts after one year -€145,154
down €145,154 (-14.5%), from €1.0m to €854,846
- Tax, wage and social debts +€76,977
up €76,977 (+40.4%), from €190,518 to €267,494
of which Remuneration and social security: +€75,017
- Current portion of long-term debt +€43,631
up €43,631 (+36.4%), from €119,746 to €163,378
- Gross operating margin +€615,730
up €615,730 (+40.8%), from €1.5m to €2.1m
- Staff costs +€77,458
up €77,458 (+3.8%), from €2.1m to €2.1m
- Other operating charges +€34,687
up €34,687 (+55.4%), from €62,618 to €97,304
- Write-downs -€33,538
down €33,538, from €19,392 to -€14,146
- Depreciation -€27,953
down €27,953 (-6.1%), from €459,023 to €431,070
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 | €1,993,834 | €1,951,004 | -€42,829 | -2.1% |
| Formation expenses | 20 | €94,159 | €61,667 | -€32,492 | -34.5% |
| Fixed assets | 21/28 | €832,378 | €706,131 | -€126,247 | -15.2% |
| Intangible fixed assets | 21 | €287,297 | €219,257 | -€68,040 | -23.7% |
| Tangible fixed assets | 22/27 | €518,714 | €462,879 | -€55,835 | -10.8% |
| Plant, machinery and equipment | 23 | €430,569 | €400,851 | -€29,719 | -6.9% |
| Furniture and vehicles | 24 | €88,145 | €62,028 | -€26,116 | -29.6% |
| Financial fixed assets | 28 | €26,368 | €23,995 | -€2,373 | -9.0% |
| Current assets | 29/58 | €1,067,297 | €1,183,207 | +€115,910 | +10.9% |
| Stocks and contracts in progress | 3 | €275,254 | €291,911 | +€16,657 | +6.1% |
| Stocks | 30/36 | €275,254 | €291,911 | +€16,657 | +6.1% |
| Amounts receivable within one year | 40/41 | €405,488 | €214,105 | -€191,383 | -47.2% |
| Trade receivables | 40 | €241,982 | €87,731 | -€154,252 | -63.7% |
| Other amounts receivable | 41 | €163,505 | €126,374 | -€37,131 | -22.7% |
| Current investments | 50/53 | €300,100 | €350,100 | +€50,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €65,309 | €304,158 | +€238,849 | +365.7% |
| Deferred charges and accrued income | 490/1 | €21,146 | €22,933 | +€1,786 | +8.4% |
| Total equity and liabilities | 10/49 | €1,993,834 | €1,951,004 | -€42,829 | -2.1% |
| Equity | 10/15 | -€68,187 | -€40,700 | +€27,487 | +40.3% |
| Contributions | 10/11 | €4,143,949 | €4,738,668 | +€594,719 | +14.4% |
| Profit (loss) carried forward | 14 | -€4,212,135 | -€4,779,368 | -€567,233 | -13.5% |
| Amounts payable | 17/49 | €2,062,020 | €1,991,705 | -€70,316 | -3.4% |
| Amounts payable after more than one year | 17 | €1,000,000 | €854,846 | -€145,154 | -14.5% |
| Financial debts | 170/4 | €1,000,000 | €854,846 | -€145,154 | -14.5% |
| Amounts payable within one year | 42/48 | €986,277 | €1,091,978 | +€105,702 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €119,746 | €163,378 | +€43,631 | +36.4% |
| Trade debts | 44 | €676,013 | €661,106 | -€14,907 | -2.2% |
| Suppliers | 440/4 | €676,013 | €661,106 | -€14,907 | -2.2% |
| Taxes, remuneration and social security | 45 | €190,518 | €267,494 | +€76,977 | +40.4% |
| Taxes | 450/3 | €1,963 | €3,923 | +€1,960 | +99.8% |
| Remuneration and social security | 454/9 | €188,554 | €263,571 | +€75,017 | +39.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €75,743 | €44,880 | -€30,863 | -40.7% |
| Non-recurring operating income | 76A | €11,686 | €0 | -€11,686 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,056,322 | €2,133,781 | +€77,458 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459,023 | €431,070 | -€27,953 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,392 | -€14,146 | -€33,538 | |
| Other operating charges | 640/8 | €62,618 | €97,304 | +€34,687 | +55.4% |
| Gross operating margin | 9900 | €1,507,848 | €2,123,578 | +€615,730 | +40.8% |
| Operating profit (loss) | 9901 | -€1,089,507 | -€524,431 | +€565,076 | +51.9% |
| Financial income | 75/76B | €30,860 | €27,261 | -€3,599 | -11.7% |
| Recurring financial income | 75 | €30,860 | €27,261 | -€3,599 | -11.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €48,700 | €70,063 | +€21,363 | +43.9% |
| Recurring financial charges | 65 | €48,700 | €70,063 | +€21,363 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,107,346 | -€567,233 | +€540,114 | +48.8% |
| Profit (loss) for the period | 9904 | -€1,107,346 | -€567,233 | +€540,114 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,107,346 | -€567,233 | +€540,114 | +48.8% |
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 11 October 2026 via checked.be.