Farma F&W: 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.
Farma F&W
Largest movements
- Stocks and contracts +€18,093
up €18,093 (+63.4%), from €28,550 to €46,644
- Cash -€10,852
down €10,852 (-10.0%), from €108,574 to €97,722
mainly Other debts (-€79,272) and Contributions, distributions and other (-€20,558)
- Intangible fixed assets -€7,000
down €7,000 (-11.1%), from €62,809 to €55,809
- Other debts -€79,272
down €79,272 (-77.5%), from €102,350 to €23,078
- Trade debts +€49,391
up €49,391 (+403%), from €12,262 to €61,653
- Tax, wage and social debts +€27,795
up €27,795 (+163%), from €17,044 to €44,839
of which Taxes: +€15,255
- Debts after one year -€11,491
down €11,491 (-17.8%), from €64,424 to €52,933
- Advances received +€9,643
up €9,643 (+247%), from €3,898 to €13,541
- Gross operating margin -€75,157
down €75,157 (-18.6%), from €404,115 to €328,958
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 | €220,944 | €217,534 | -€3,409 | -1.5% |
| Fixed assets | 21/28 | €78,653 | €70,474 | -€8,180 | -10.4% |
| Intangible fixed assets | 21 | €62,809 | €55,809 | -€7,000 | -11.1% |
| Tangible fixed assets | 22/27 | €15,845 | €14,665 | -€1,180 | -7.4% |
| Plant, machinery and equipment | 23 | €15,845 | €14,665 | -€1,180 | -7.4% |
| Current assets | 29/58 | €142,290 | €147,061 | +€4,770 | +3.4% |
| Stocks and contracts in progress | 3 | €28,550 | €46,644 | +€18,093 | +63.4% |
| Stocks | 30/36 | €28,550 | €46,644 | +€18,093 | +63.4% |
| Amounts receivable within one year | 40/41 | €4,262 | €2,695 | -€1,567 | -36.8% |
| Trade receivables | 40 | €4,262 | €2,695 | -€1,567 | -36.8% |
| Cash at bank and in hand | 54/58 | €108,574 | €97,722 | -€10,852 | -10.0% |
| Deferred charges and accrued income | 490/1 | €904 | €0 | -€904 | -100% |
| Total equity and liabilities | 10/49 | €220,944 | €217,534 | -€3,409 | -1.5% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,944 | €207,534 | -€3,409 | -1.6% |
| Amounts payable after more than one year | 17 | €64,424 | €52,933 | -€11,491 | -17.8% |
| Financial debts | 170/4 | €64,424 | €52,933 | -€11,491 | -17.8% |
| Amounts payable within one year | 42/48 | €146,519 | €154,601 | +€8,082 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,965 | €11,491 | +€526 | +4.8% |
| Trade debts | 44 | €12,262 | €61,653 | +€49,391 | +403% |
| Suppliers | 440/4 | €12,262 | €61,653 | +€49,391 | +403% |
| Advances received on contracts in progress | 46 | €3,898 | €13,541 | +€9,643 | +247% |
| Taxes, remuneration and social security | 45 | €17,044 | €44,839 | +€27,795 | +163% |
| Taxes | 450/3 | €2,075 | €17,330 | +€15,255 | +735% |
| Remuneration and social security | 454/9 | €14,969 | €27,508 | +€12,540 | +83.8% |
| Other amounts payable | 47/48 | €102,350 | €23,078 | -€79,272 | -77.5% |
| Remuneration, social security and pensions | 62 | €281,912 | €285,006 | +€3,094 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €10,217 | +€2,604 | +34.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €404,115 | €328,958 | -€75,157 | -18.6% |
| Operating profit (loss) | 9901 | €114,473 | €33,616 | -€80,858 | -70.6% |
| Financial income | 75/76B | - | €410 | +€410 | |
| Recurring financial income | 75 | - | €410 | +€410 | |
| Financial charges | 65/66B | €14,092 | €13,153 | -€939 | -6.7% |
| Recurring financial charges | 65 | €14,092 | €13,153 | -€939 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €100,381 | €20,873 | -€79,508 | -79.2% |
| Income taxes | 67/77 | - | €315 | +€315 | |
| Profit (loss) for the period | 9904 | €100,381 | €20,558 | -€79,823 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,381 | €20,558 | -€79,823 | -79.5% |
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 28 October 2026 via checked.be.