FARAH: 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.
FARAH
Largest movements
- Receivables within one year +€10,411
up €10,411 (+113.8%), from €9,151 to €19,562
- Tangible fixed assets -€5,710
down €5,710 (-6.1%), from €93,451 to €87,740
- Debts after one year -€33,833
down €33,833 (-48.6%), from €69,543 to €35,711
- Profit (loss) carried forward +€21,842
up €21,842 (+13.2%), from -€164,923 to -€143,081
- Other debts +€15,016
up €15,016 (+15.3%), from €97,986 to €113,002
- Gross operating margin -€5,113
down €5,113 (-13.1%), from €39,150 to €34,037
- Financial charges -€404
down €404 (-9.0%), from €4,501 to €4,097
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 | €104,206 | €108,692 | +€4,486 | +4.3% |
| Fixed assets | 21/28 | €93,451 | €87,740 | -€5,710 | -6.1% |
| Tangible fixed assets | 22/27 | €93,451 | €87,740 | -€5,710 | -6.1% |
| Land and buildings | 22 | €93,451 | €87,740 | -€5,710 | -6.1% |
| Current assets | 29/58 | €10,755 | €20,952 | +€10,197 | +94.8% |
| Amounts receivable within one year | 40/41 | €9,151 | €19,562 | +€10,411 | +113.8% |
| Trade receivables | 40 | €9,151 | €19,562 | +€10,411 | +113.8% |
| Cash at bank and in hand | 54/58 | €1,604 | €1,389 | -€215 | -13.4% |
| Total equity and liabilities | 10/49 | €104,206 | €108,692 | +€4,486 | +4.3% |
| Equity | 10/15 | -€96,753 | -€74,910 | +€21,842 | +22.6% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,923 | -€143,081 | +€21,842 | +13.2% |
| Amounts payable | 17/49 | €200,958 | €183,602 | -€17,356 | -8.6% |
| Amounts payable after more than one year | 17 | €69,543 | €35,711 | -€33,833 | -48.6% |
| Financial debts | 170/4 | €69,543 | €35,711 | -€33,833 | -48.6% |
| Amounts payable within one year | 42/48 | €131,415 | €147,892 | +€16,477 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €33,429 | €34,490 | +€1,061 | +3.2% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €97,986 | €113,002 | +€15,016 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,710 | €5,710 | = | 0.0% |
| Other operating charges | 640/8 | €2,521 | €2,386 | -€134 | -5.3% |
| Gross operating margin | 9900 | €39,150 | €34,037 | -€5,113 | -13.1% |
| Operating profit (loss) | 9901 | €30,919 | €25,940 | -€4,979 | -16.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,501 | €4,097 | -€404 | -9.0% |
| Recurring financial charges | 65 | €4,501 | €4,097 | -€404 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €26,418 | €21,842 | -€4,575 | -17.3% |
| Profit (loss) for the period | 9904 | €26,418 | €21,842 | -€4,575 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,418 | €21,842 | -€4,575 | -17.3% |
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 28 September 2026 via checked.be.