FARBECO: 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.
FARBECO
Largest movements
- Intangible fixed assets +€40,892
up €40,892 (+6421.9%), from €637 to €41,529
- Stocks and contracts +€20,997
up €20,997 (+42.9%), from €48,942 to €69,939
- Receivables within one year +€19,236
up €19,236 (+213.7%), from €9,000 to €28,237
of which Trade receivables: +€19,709
- Tangible fixed assets +€2,591
up €2,591 (+1386.6%), from €187 to €2,778
of which Furniture and vehicles: +€2,778
- Debts after one year +€46,771
new in 2025: €46,771
- Profit (loss) carried forward +€29,503
up €29,503 (+63.5%), from -€46,469 to -€16,966
- Short-term financial debts -€13,599
down €13,599 (-97.5%), from €13,944 to €345
- Current portion of long-term debt +€12,636
new in 2025: €12,636
- Trade debts +€8,811
up €8,811 (+72.6%), from €12,129 to €20,940
- Gross operating margin +€56,609
up €56,609, from -€14,049 to €42,560
- Depreciation +€4,609
up €4,609 (+365.0%), from €1,263 to €5,871
- Financial charges +€3,579
up €3,579 (+175.9%), from €2,035 to €5,614
- Other operating charges -€2,153
down €2,153 (-58.2%), from €3,699 to €1,546
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 | €67,315 | €151,376 | +€84,060 | +124.9% |
| Fixed assets | 21/28 | €2,163 | €45,646 | +€43,483 | +2010.7% |
| Intangible fixed assets | 21 | €637 | €41,529 | +€40,892 | +6421.9% |
| Tangible fixed assets | 22/27 | €187 | €2,778 | +€2,591 | +1386.6% |
| Plant, machinery and equipment | 23 | €187 | - | -€187 | |
| Furniture and vehicles | 24 | - | €2,778 | +€2,778 | |
| Financial fixed assets | 28 | €1,339 | €1,339 | = | 0.0% |
| Current assets | 29/58 | €65,153 | €105,730 | +€40,577 | +62.3% |
| Stocks and contracts in progress | 3 | €48,942 | €69,939 | +€20,997 | +42.9% |
| Stocks | 30/36 | €48,942 | €69,939 | +€20,997 | +42.9% |
| Amounts receivable within one year | 40/41 | €9,000 | €28,237 | +€19,236 | +213.7% |
| Trade receivables | 40 | €6,948 | €26,657 | +€19,709 | +283.6% |
| Other amounts receivable | 41 | €2,052 | €1,580 | -€472 | -23.0% |
| Cash at bank and in hand | 54/58 | €6,577 | €7,230 | +€653 | +9.9% |
| Deferred charges and accrued income | 490/1 | €633 | €324 | -€309 | -48.8% |
| Total equity and liabilities | 10/49 | €67,315 | €151,376 | +€84,060 | +124.9% |
| Equity | 10/15 | €32,892 | €62,396 | +€29,503 | +89.7% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €3,361 | €3,361 | = | 0.0% |
| Distributable reserves | 133 | €3,361 | €3,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,469 | -€16,966 | +€29,503 | +63.5% |
| Amounts payable | 17/49 | €34,423 | €88,980 | +€54,557 | +158.5% |
| Amounts payable after more than one year | 17 | - | €46,771 | +€46,771 | |
| Financial debts | 170/4 | - | €46,771 | +€46,771 | |
| Amounts payable within one year | 42/48 | €34,423 | €42,210 | +€7,787 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,636 | +€12,636 | |
| Financial debts | 43 | €13,944 | €345 | -€13,599 | -97.5% |
| Credit institutions | 430/8 | €13,944 | €345 | -€13,599 | -97.5% |
| Trade debts | 44 | €12,129 | €20,940 | +€8,811 | +72.6% |
| Suppliers | 440/4 | €12,129 | €20,940 | +€8,811 | +72.6% |
| Taxes, remuneration and social security | 45 | €271 | €165 | -€106 | -39.3% |
| Taxes | 450/3 | €271 | €165 | -€106 | -39.3% |
| Other amounts payable | 47/48 | €8,079 | €8,125 | +€46 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263 | €5,871 | +€4,609 | +365.0% |
| Other operating charges | 640/8 | €3,699 | €1,546 | -€2,153 | -58.2% |
| Gross operating margin | 9900 | -€14,049 | €42,560 | +€56,609 | |
| Operating profit (loss) | 9901 | -€19,011 | €35,142 | +€54,153 | |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €2,035 | €5,614 | +€3,579 | +175.9% |
| Recurring financial charges | 65 | €2,035 | €5,614 | +€3,579 | +175.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,008 | €29,528 | +€50,536 | |
| Income taxes | 67/77 | €140 | €25 | -€114 | -82.0% |
| Profit (loss) for the period | 9904 | -€21,147 | €29,503 | +€50,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,147 | €29,503 | +€50,650 |
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 7 October 2026 via checked.be.