FARMA+: 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.
FARMA+
Largest movements
- Receivables within one year -€96,547
down €96,547 (-84.0%), from €114,917 to €18,370
of which Other amounts receivable: -€97,047
- Cash +€35,847
up €35,847 (+101.8%), from €35,213 to €71,060
mainly Net result for the year (+€102,776) and Receivables within one year (+€96,547)
- Debts after one year -€42,724
down €42,724 (-19.0%), from €225,402 to €182,679
- Reserves -€38,130
down €38,130 (-12.1%), from €316,130 to €278,000
of which Distributable reserves: -€38,130
- Gross operating margin +€2,863
up €2,863 (+5.4%), from €52,533 to €55,396
- Financial income -€2,801
down €2,801 (-3.5%), from €78,927 to €76,126
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 | €744,280 | €676,797 | -€67,483 | -9.1% |
| Fixed assets | 21/28 | €585,000 | €585,000 | = | 0.0% |
| Financial fixed assets | 28 | €585,000 | €585,000 | = | 0.0% |
| Current assets | 29/58 | €159,280 | €91,797 | -€67,483 | -42.4% |
| Amounts receivable after more than one year | 29 | €6,783 | €0 | -€6,783 | -100.0% |
| Other amounts receivable | 291 | €6,783 | €0 | -€6,783 | -100.0% |
| Amounts receivable within one year | 40/41 | €114,917 | €18,370 | -€96,547 | -84.0% |
| Trade receivables | 40 | €9,000 | €9,500 | +€500 | +5.6% |
| Other amounts receivable | 41 | €105,917 | €8,870 | -€97,047 | -91.6% |
| Cash at bank and in hand | 54/58 | €35,213 | €71,060 | +€35,847 | +101.8% |
| Deferred charges and accrued income | 490/1 | €2,367 | €2,367 | = | 0.0% |
| Total equity and liabilities | 10/49 | €744,280 | €676,797 | -€67,483 | -9.1% |
| Equity | 10/15 | €412,973 | €374,843 | -€38,130 | -9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €316,130 | €278,000 | -€38,130 | -12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €314,270 | €276,140 | -€38,130 | -12.1% |
| Profit (loss) carried forward | 14 | €84,443 | €84,443 | = | 0.0% |
| Amounts payable | 17/49 | €331,307 | €301,954 | -€29,353 | -8.9% |
| Amounts payable after more than one year | 17 | €225,402 | €182,679 | -€42,724 | -19.0% |
| Financial debts | 170/4 | €225,402 | €182,679 | -€42,724 | -19.0% |
| Amounts payable within one year | 42/48 | €105,905 | €119,276 | +€13,370 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €41,630 | €47,784 | +€6,154 | +14.8% |
| Trade debts | 44 | €838 | €1,397 | +€559 | +66.7% |
| Suppliers | 440/4 | €838 | €1,397 | +€559 | +66.7% |
| Taxes, remuneration and social security | 45 | €4,554 | €8,082 | +€3,528 | +77.5% |
| Taxes | 450/3 | €4,554 | €8,082 | +€3,528 | +77.5% |
| Other amounts payable | 47/48 | €58,883 | €62,012 | +€3,129 | +5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €52,533 | €55,396 | +€2,863 | +5.4% |
| Operating profit (loss) | 9901 | €52,533 | €54,996 | +€2,463 | +4.7% |
| Financial income | 75/76B | €78,927 | €76,126 | -€2,801 | -3.5% |
| Recurring financial income | 75 | €78,927 | €76,126 | -€2,801 | -3.5% |
| Financial charges | 65/66B | €8,133 | €7,909 | -€224 | -2.8% |
| Recurring financial charges | 65 | €8,133 | €7,909 | -€224 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €123,327 | €123,213 | -€114 | -0.1% |
| Income taxes | 67/77 | €20,303 | €20,437 | +€134 | +0.7% |
| Profit (loss) for the period | 9904 | €103,024 | €102,776 | -€248 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,024 | €102,776 | -€248 | -0.2% |
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 8 October 2026 via checked.be.