FARMA HEYLEN: 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 HEYLEN
Largest movements
- Current investments +€3.1m
up €3.1m (+333%), from €933,625 to €4.0m
- Financial fixed assets -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Receivables within one year +€326,928
up €326,928 (+189%), from €173,072 to €500,000
- Deferred charges and accrued income +€193,443
up €193,443 (+7,236%), from €2,673 to €196,117
- Cash -€58,758
down €58,758 (-31.7%), from €185,121 to €126,363
mainly Current investments (-€3.1m) and Receivables within one year (-€326,928)
- Reserves +€2.3m
up €2.3m (+104%), from €2.2m to €4.5m
- Tax, wage and social debts +€168,505
up €168,505 (+139%), from €121,535 to €290,040
- Financial income +€1.6m
up €1.6m (+158%), from €1.0m to €2.6m
- Gross operating margin -€225,265
down €225,265 (-83.2%), from €270,620 to €45,356
- Taxes +€87,182
up €87,182 (+49.5%), from €176,130 to €263,312
- Depreciation +€3,773
up €3,773 (+272%), from €1,389 to €5,163
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 | €2,414,269 | €4,921,070 | +€2.5m | +104% |
| Fixed assets | 21/28 | €1,119,778 | €52,514 | -€1.1m | -95.3% |
| Tangible fixed assets | 22/27 | €19,778 | €52,514 | +€32,736 | +166% |
| Plant, machinery and equipment | 23 | €16,357 | €15,174 | -€1,183 | -7.2% |
| Furniture and vehicles | 24 | €3,421 | €37,340 | +€33,919 | +992% |
| Financial fixed assets | 28 | €1,100,000 | €0 | -€1.1m | -100% |
| Current assets | 29/58 | €1,294,491 | €4,868,556 | +€3.6m | +276% |
| Amounts receivable within one year | 40/41 | €173,072 | €500,000 | +€326,928 | +189% |
| Other amounts receivable | 41 | €173,072 | €500,000 | +€326,928 | +189% |
| Current investments | 50/53 | €933,625 | €4,046,076 | +€3.1m | +333% |
| Cash at bank and in hand | 54/58 | €185,121 | €126,363 | -€58,758 | -31.7% |
| Deferred charges and accrued income | 490/1 | €2,673 | €196,117 | +€193,443 | +7,236% |
| Total equity and liabilities | 10/49 | €2,414,269 | €4,921,070 | +€2.5m | +104% |
| Equity | 10/15 | €2,219,918 | €4,519,585 | +€2.3m | +104% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,213,718 | €4,513,385 | +€2.3m | +104% |
| Distributable reserves | 133 | €2,213,718 | €4,513,385 | +€2.3m | +104% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €194,351 | €401,485 | +€207,135 | +107% |
| Amounts payable within one year | 42/48 | €194,351 | €391,838 | +€197,488 | +102% |
| Trade debts | 44 | €3,608 | €3,228 | -€380 | -10.5% |
| Suppliers | 440/4 | €3,608 | €3,228 | -€380 | -10.5% |
| Taxes, remuneration and social security | 45 | €121,535 | €290,040 | +€168,505 | +139% |
| Taxes | 450/3 | €121,535 | €290,040 | +€168,505 | +139% |
| Other amounts payable | 47/48 | €69,208 | €98,570 | +€29,362 | +42.4% |
| Accrued charges and deferred income | 492/3 | - | €9,647 | +€9,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €5,163 | +€3,773 | +272% |
| Other operating charges | 640/8 | €203 | €239 | +€36 | +17.6% |
| Gross operating margin | 9900 | €270,620 | €45,356 | -€225,265 | -83.2% |
| Operating profit (loss) | 9901 | €269,028 | €39,954 | -€229,074 | -85.1% |
| Financial income | 75/76B | €1,012,619 | €2,617,312 | +€1.6m | +158% |
| Recurring financial income | 75 | €1,012,619 | €2,617,312 | +€1.6m | +158% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,281,647 | €2,657,266 | +€1.4m | +107% |
| Income taxes | 67/77 | €176,130 | €263,312 | +€87,182 | +49.5% |
| Profit (loss) for the period | 9904 | €1,105,518 | €2,393,954 | +€1.3m | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €1,105,518 | €2,393,954 | +€1.3m | +117% |
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 19 October 2026 via checked.be.