Farm Connect: 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.
Farm Connect
Largest movements
- Cash -€47,835
down €47,835 (-50.0%), from €95,762 to €47,927
mainly Other debts (-€60,855) and Tax, wage and social debts (-€31,211)
- Receivables within one year +€16,225
up €16,225 (+13.1%), from €124,319 to €140,544
of which Other amounts receivable: +€9,019
- Intangible fixed assets -€9,654
down €9,654 (-40.0%), from €24,147 to €14,493
- Tangible fixed assets -€5,435
down €5,435 (-10.0%), from €54,598 to €49,164
of which Furniture and vehicles: -€7,559
- Stocks and contracts +€4,533
up €4,533 (+15.2%), from €29,730 to €34,263
- Reserves +€77,334
new in 2025: €77,334
- Other debts -€60,855
down €60,855 (-38.3%), from €159,025 to €98,170
- Tax, wage and social debts -€31,211
down €31,211 (-60.4%), from €51,713 to €20,503
of which Taxes: -€36,242
- Debts after one year -€13,257
down €13,257 (-82.6%), from €16,047 to €2,791
of which Financial debts: -€13,127
- Trade debts -€8,184
down €8,184 (-9.7%), from €84,681 to €76,497
- Staff costs +€48,268
up €48,268 (+76.8%), from €62,834 to €111,102
- Gross operating margin +€41,105
up €41,105 (+18.5%), from €222,741 to €263,846
- Depreciation +€5,637
up €5,637 (+15.6%), from €36,135 to €41,771
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 | €332,712 | €294,015 | -€38,696 | -11.6% |
| Fixed assets | 21/28 | €78,745 | €63,657 | -€15,088 | -19.2% |
| Intangible fixed assets | 21 | €24,147 | €14,493 | -€9,654 | -40.0% |
| Tangible fixed assets | 22/27 | €54,598 | €49,164 | -€5,435 | -10.0% |
| Land and buildings | 22 | €3,097 | €2,662 | -€435 | -14.0% |
| Plant, machinery and equipment | 23 | €4,414 | €6,973 | +€2,559 | +58.0% |
| Furniture and vehicles | 24 | €47,087 | €39,528 | -€7,559 | -16.1% |
| Current assets | 29/58 | €253,967 | €230,359 | -€23,608 | -9.3% |
| Stocks and contracts in progress | 3 | €29,730 | €34,263 | +€4,533 | +15.2% |
| Stocks | 30/36 | €29,730 | €34,263 | +€4,533 | +15.2% |
| Amounts receivable within one year | 40/41 | €124,319 | €140,544 | +€16,225 | +13.1% |
| Trade receivables | 40 | €70,797 | €78,003 | +€7,206 | +10.2% |
| Other amounts receivable | 41 | €53,521 | €62,541 | +€9,019 | +16.9% |
| Cash at bank and in hand | 54/58 | €95,762 | €47,927 | -€47,835 | -50.0% |
| Deferred charges and accrued income | 490/1 | €4,157 | €7,625 | +€3,469 | +83.4% |
| Total equity and liabilities | 10/49 | €332,712 | €294,015 | -€38,696 | -11.6% |
| Equity | 10/15 | €5,000 | €82,334 | +€77,334 | +1,547% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €77,334 | +€77,334 | |
| Distributable reserves | 133 | - | €77,334 | +€77,334 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €327,712 | €211,681 | -€116,031 | -35.4% |
| Amounts payable after more than one year | 17 | €16,047 | €2,791 | -€13,257 | -82.6% |
| Financial debts | 170/4 | €15,917 | €2,791 | -€13,127 | -82.5% |
| Other amounts payable | 178/9 | €130 | €0 | -€130 | -100% |
| Amounts payable within one year | 42/48 | €311,665 | €208,891 | -€102,774 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €14,176 | €13,127 | -€1,049 | -7.4% |
| Financial debts | 43 | €2,069 | €594 | -€1,475 | -71.3% |
| Credit institutions | 430/8 | €2,069 | €594 | -€1,475 | -71.3% |
| Trade debts | 44 | €84,681 | €76,497 | -€8,184 | -9.7% |
| Suppliers | 440/4 | €84,681 | €76,497 | -€8,184 | -9.7% |
| Taxes, remuneration and social security | 45 | €51,713 | €20,503 | -€31,211 | -60.4% |
| Taxes | 450/3 | €37,310 | €1,068 | -€36,242 | -97.1% |
| Remuneration and social security | 454/9 | €14,404 | €19,435 | +€5,031 | +34.9% |
| Other amounts payable | 47/48 | €159,025 | €98,170 | -€60,855 | -38.3% |
| Remuneration, social security and pensions | 62 | €62,834 | €111,102 | +€48,268 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,135 | €41,771 | +€5,637 | +15.6% |
| Other operating charges | 640/8 | €2,345 | €1,809 | -€536 | -22.9% |
| Gross operating margin | 9900 | €222,741 | €263,846 | +€41,105 | +18.5% |
| Operating profit (loss) | 9901 | €121,428 | €109,164 | -€12,263 | -10.1% |
| Financial income | 75/76B | €805 | €293 | -€511 | -63.5% |
| Recurring financial income | 75 | €805 | €293 | -€511 | -63.5% |
| Financial charges | 65/66B | €3,571 | €2,322 | -€1,249 | -35.0% |
| Recurring financial charges | 65 | €3,571 | €2,322 | -€1,249 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €118,661 | €107,136 | -€11,525 | -9.7% |
| Income taxes | 67/77 | €32,068 | €29,801 | -€2,267 | -7.1% |
| Profit (loss) for the period | 9904 | €86,593 | €77,334 | -€9,259 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,593 | €77,334 | -€9,259 | -10.7% |
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 21 October 2026 via checked.be.