Farendijs: 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.
Farendijs
Largest movements
- Cash +€66,563
up €66,563 (+27.1%), from €245,804 to €312,367
mainly Depreciation (+€160,084) and Net result for the year (+€79,667)
- Receivables within one year -€45,536
down €45,536 (-37.5%), from €121,444 to €75,908
of which Other amounts receivable: -€33,880
- Reserves +€78,834
up €78,834 (+32.0%), from €246,406 to €325,240
- Debts after one year -€57,459
down €57,459 (-14.0%), from €409,207 to €351,748
of which Financial debts: -€57,459
- Tax, wage and social debts -€27,708
down €27,708 (-50.9%), from €54,455 to €26,747
- Gross operating margin -€42,527
down €42,527 (-12.7%), from €334,323 to €291,796
- Depreciation +€26,720
up €26,720 (+20.0%), from €133,364 to €160,084
- Taxes -€22,122
down €22,122 (-41.8%), from €52,954 to €30,832
- Financial charges -€3,817
down €3,817 (-25.1%), from €15,189 to €11,373
- Other operating charges +€3,566
up €3,566 (+56.8%), from €6,275 to €9,841
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 | €2,111,204 | €2,135,384 | +€24,180 | +1.1% |
| Fixed assets | 21/28 | €1,735,169 | €1,738,097 | +€2,928 | +0.2% |
| Tangible fixed assets | 22/27 | €1,675,169 | €1,678,097 | +€2,928 | +0.2% |
| Land and buildings | 22 | €980,512 | €941,864 | -€38,648 | -3.9% |
| Plant, machinery and equipment | 23 | €687,005 | €661,380 | -€25,626 | -3.7% |
| Furniture and vehicles | 24 | €7,652 | €74,854 | +€67,201 | +878% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €376,034 | €397,287 | +€21,252 | +5.7% |
| Amounts receivable within one year | 40/41 | €121,444 | €75,908 | -€45,536 | -37.5% |
| Trade receivables | 40 | €87,439 | €75,784 | -€11,656 | -13.3% |
| Other amounts receivable | 41 | €34,004 | €124 | -€33,880 | -99.6% |
| Cash at bank and in hand | 54/58 | €245,804 | €312,367 | +€66,563 | +27.1% |
| Deferred charges and accrued income | 490/1 | €8,787 | €9,012 | +€225 | +2.6% |
| Total equity and liabilities | 10/49 | €2,111,204 | €2,135,384 | +€24,180 | +1.1% |
| Equity | 10/15 | €1,546,406 | €1,625,240 | +€78,834 | +5.1% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €246,406 | €325,240 | +€78,834 | +32.0% |
| Distributable reserves | 133 | €246,406 | €325,240 | +€78,834 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €564,798 | €510,143 | -€54,654 | -9.7% |
| Amounts payable after more than one year | 17 | €409,207 | €351,748 | -€57,459 | -14.0% |
| Financial debts | 170/4 | €394,957 | €337,498 | -€57,459 | -14.5% |
| Other amounts payable | 178/9 | €14,250 | €14,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,259 | €152,203 | +€944 | +0.6% |
| Financial debts | 43 | €58,764 | €60,116 | +€1,352 | +2.3% |
| Credit institutions | 430/8 | €34,540 | €35,230 | +€691 | +2.0% |
| Other loans | 439 | €24,224 | €24,885 | +€661 | +2.7% |
| Trade debts | 44 | €1,282 | €10,393 | +€9,111 | +711% |
| Suppliers | 440/4 | €1,282 | €10,393 | +€9,111 | +711% |
| Taxes, remuneration and social security | 45 | €54,455 | €26,747 | -€27,708 | -50.9% |
| Taxes | 450/3 | €54,455 | €26,747 | -€27,708 | -50.9% |
| Other amounts payable | 47/48 | €36,758 | €54,946 | +€18,188 | +49.5% |
| Accrued charges and deferred income | 492/3 | €4,332 | €6,192 | +€1,861 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,364 | €160,084 | +€26,720 | +20.0% |
| Other operating charges | 640/8 | €6,275 | €9,841 | +€3,566 | +56.8% |
| Gross operating margin | 9900 | €334,323 | €291,796 | -€42,527 | -12.7% |
| Operating profit (loss) | 9901 | €194,684 | €121,871 | -€72,813 | -37.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €15,189 | €11,373 | -€3,817 | -25.1% |
| Recurring financial charges | 65 | €15,189 | €11,373 | -€3,817 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €179,494 | €110,499 | -€68,995 | -38.4% |
| Income taxes | 67/77 | €52,954 | €30,832 | -€22,122 | -41.8% |
| Profit (loss) for the period | 9904 | €126,540 | €79,667 | -€46,873 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,540 | €79,667 | -€46,873 | -37.0% |
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 15 October 2026 via checked.be.