EQUIFARM: what changed
Two fiscal 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.
EQUIFARM
Largest movements
- Tangible fixed assets +€109,131
up €109,131 (+23.3%), from €467,789 to €576,920
of which Plant, machinery and equipment: +€105,240
- Receivables within one year +€31,425
up €31,425 (+775.5%), from €4,052 to €35,477
of which Other amounts receivable: +€23,764
- Cash -€18,456
down €18,456 (-63.6%), from €29,021 to €10,565
mainly Investment in fixed assets (net) (-€199,413) and Receivables within one year (-€31,425)
- Other debts +€155,950
up €155,950 (+21.7%), from €719,324 to €875,274
- Debts after one year -€19,114
down €19,114 (-29.7%), from €64,293 to €45,179
- Current portion of long-term debt -€7,770
down €7,770 (-28.9%), from €26,884 to €19,114
- Profit (loss) carried forward -€6,472
down €6,472 (-2.0%), from -€327,970 to -€334,442
- Gross operating margin +€23,342
up €23,342 (+37.4%), from €62,452 to €85,794
- Depreciation -€12,044
down €12,044 (-11.8%), from €102,326 to €90,282
- Staff costs -€2,871
no longer reported in 2025 (was €2,871)
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 | €500,862 | €622,962 | +€122,100 | +24.4% |
| Fixed assets | 21/28 | €467,789 | €576,920 | +€109,131 | +23.3% |
| Tangible fixed assets | 22/27 | €467,789 | €576,920 | +€109,131 | +23.3% |
| Land and buildings | 22 | €46,975 | €43,459 | -€3,516 | -7.5% |
| Plant, machinery and equipment | 23 | €37,315 | €142,555 | +€105,240 | +282.0% |
| Furniture and vehicles | 24 | €309,055 | €326,497 | +€17,442 | +5.6% |
| Other tangible fixed assets | 26 | €74,444 | €64,409 | -€10,035 | -13.5% |
| Current assets | 29/58 | €33,073 | €46,042 | +€12,969 | +39.2% |
| Amounts receivable within one year | 40/41 | €4,052 | €35,477 | +€31,425 | +775.5% |
| Trade receivables | 40 | €4,052 | €11,713 | +€7,661 | +189.1% |
| Other amounts receivable | 41 | - | €23,764 | +€23,764 | |
| Cash at bank and in hand | 54/58 | €29,021 | €10,565 | -€18,456 | -63.6% |
| Total equity and liabilities | 10/49 | €500,862 | €622,962 | +€122,100 | +24.4% |
| Equity | 10/15 | -€315,570 | -€322,042 | -€6,472 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,970 | -€334,442 | -€6,472 | -2.0% |
| Amounts payable | 17/49 | €816,432 | €945,004 | +€128,572 | +15.7% |
| Amounts payable after more than one year | 17 | €64,293 | €45,179 | -€19,114 | -29.7% |
| Financial debts | 170/4 | €64,293 | €45,179 | -€19,114 | -29.7% |
| Amounts payable within one year | 42/48 | €752,139 | €899,825 | +€147,686 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €26,884 | €19,114 | -€7,770 | -28.9% |
| Trade debts | 44 | €2,176 | €5,437 | +€3,261 | +149.9% |
| Suppliers | 440/4 | €2,176 | €5,437 | +€3,261 | +149.9% |
| Taxes, remuneration and social security | 45 | €3,755 | - | -€3,755 | |
| Taxes | 450/3 | €3,755 | - | -€3,755 | |
| Other amounts payable | 47/48 | €719,324 | €875,274 | +€155,950 | +21.7% |
| Remuneration, social security and pensions | 62 | €2,871 | - | -€2,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,326 | €90,282 | -€12,044 | -11.8% |
| Other operating charges | 640/8 | €634 | €946 | +€312 | +49.2% |
| Gross operating margin | 9900 | €62,452 | €85,794 | +€23,342 | +37.4% |
| Operating profit (loss) | 9901 | -€43,379 | -€5,434 | +€37,945 | +87.5% |
| Financial charges | 65/66B | €1,408 | €1,038 | -€370 | -26.3% |
| Recurring financial charges | 65 | €1,408 | €1,038 | -€370 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,787 | -€6,472 | +€38,315 | +85.5% |
| Profit (loss) for the period | 9904 | -€44,787 | -€6,472 | +€38,315 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,787 | -€6,472 | +€38,315 | +85.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.