FARMA - BOVAN: 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 - BOVAN
Largest movements
- Tangible fixed assets -€18,219
down €18,219 (-11.0%), from €166,097 to €147,878
of which Land and buildings: -€18,219
- Receivables within one year +€12,466
up €12,466 (+3.3%), from €382,481 to €394,946
of which Trade receivables: +€57,574
- Cash +€11,114
up €11,114 (+310.8%), from €3,575 to €14,689
mainly Current portion of long-term debt (+€106,750) and Tax, wage and social debts (+€29,447)
- Debts after one year -€166,250
down €166,250 (-41.7%), from €398,380 to €232,130
- Current portion of long-term debt +€106,750
new in 2024: €106,750
- Tax, wage and social debts +€29,447
up €29,447, from €0 to €29,447
- Reserves +€26,752
up €26,752 (+29.8%), from €89,758 to €116,510
of which Distributable reserves: +€26,752
- Trade debts +€8,661
up €8,661 (+424.0%), from €2,043 to €10,704
- Gross operating margin -€9,585
down €9,585 (-15.5%), from €61,954 to €52,370
- Taxes +€3,156
up €3,156 (+69.8%), from €4,520 to €7,676
- Financial income -€1,570
down €1,570 (-28.2%), from €5,578 to €4,008
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,153 | €557,513 | +€5,360 | +1.0% |
| Fixed assets | 21/28 | €166,097 | €147,878 | -€18,219 | -11.0% |
| Tangible fixed assets | 22/27 | €166,097 | €147,878 | -€18,219 | -11.0% |
| Land and buildings | 22 | €166,097 | €147,878 | -€18,219 | -11.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €386,056 | €409,635 | +€23,579 | +6.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €382,481 | €394,946 | +€12,466 | +3.3% |
| Trade receivables | 40 | €188,442 | €246,016 | +€57,574 | +30.6% |
| Other amounts receivable | 41 | €194,039 | €148,930 | -€45,109 | -23.2% |
| Cash at bank and in hand | 54/58 | €3,575 | €14,689 | +€11,114 | +310.8% |
| Total equity and liabilities | 10/49 | €552,153 | €557,513 | +€5,360 | +1.0% |
| Equity | 10/15 | €151,731 | €178,483 | +€26,752 | +17.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €89,758 | €116,510 | +€26,752 | +29.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €83,560 | €110,312 | +€26,752 | +32.0% |
| Amounts payable | 17/49 | €400,422 | €379,030 | -€21,392 | -5.3% |
| Amounts payable after more than one year | 17 | €398,380 | €232,130 | -€166,250 | -41.7% |
| Financial debts | 170/4 | €398,380 | €232,130 | -€166,250 | -41.7% |
| Amounts payable within one year | 42/48 | €2,043 | €146,901 | +€144,858 | +7091.8% |
| Current portion of amounts payable after more than one year | 42 | - | €106,750 | +€106,750 | |
| Trade debts | 44 | €2,043 | €10,704 | +€8,661 | +424.0% |
| Suppliers | 440/4 | €2,043 | €10,704 | +€8,661 | +424.0% |
| Taxes, remuneration and social security | 45 | €0 | €29,447 | +€29,447 | |
| Taxes | 450/3 | €0 | €29,447 | +€29,447 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,359 | €18,219 | -€140 | -0.8% |
| Other operating charges | 640/8 | €3,227 | €3,455 | +€228 | +7.1% |
| Gross operating margin | 9900 | €61,954 | €52,370 | -€9,585 | -15.5% |
| Operating profit (loss) | 9901 | €40,369 | €30,696 | -€9,673 | -24.0% |
| Financial income | 75/76B | €5,578 | €4,008 | -€1,570 | -28.2% |
| Recurring financial income | 75 | €5,578 | €4,008 | -€1,570 | -28.2% |
| Financial charges | 65/66B | €452 | €275 | -€177 | -39.2% |
| Recurring financial charges | 65 | €452 | €275 | -€177 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €45,494 | €34,428 | -€11,066 | -24.3% |
| Income taxes | 67/77 | €4,520 | €7,676 | +€3,156 | +69.8% |
| Profit (loss) for the period | 9904 | €40,975 | €26,752 | -€14,222 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,975 | €26,752 | -€14,222 | -34.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.