FARMA NOORD: 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 NOORD
Largest movements
- Tangible fixed assets +€17,947
up €17,947 (+693%), from €2,589 to €20,536
of which Furniture and vehicles: +€18,453
- Cash +€17,295
up €17,295 (+33.0%), from €52,340 to €69,635
mainly Net result for the year (+€86,273) and Tax, wage and social debts (+€14,009)
- Receivables within one year +€14,520
new in 2025: €14,520
- Reserves +€86,273
up €86,273 (+18.1%), from €476,607 to €562,880
of which Distributable reserves: +€86,273
- Debts after one year -€53,791
down €53,791 (-19.2%), from €280,824 to €227,033
- Tax, wage and social debts +€14,009
up €14,009 (+145%), from €9,683 to €23,692
- Gross operating margin +€29,848
up €29,848 (+29.4%), from €101,543 to €131,390
- Taxes +€8,561
up €8,561 (+34.0%), from €25,187 to €33,749
- Depreciation +€3,702
up €3,702 (+463%), from €800 to €4,502
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 | €1,070,326 | €1,120,191 | +€49,864 | +4.7% |
| Fixed assets | 21/28 | €1,002,589 | €1,020,536 | +€17,947 | +1.8% |
| Tangible fixed assets | 22/27 | €2,589 | €20,536 | +€17,947 | +693% |
| Plant, machinery and equipment | 23 | €2,106 | €1,600 | -€506 | -24.0% |
| Furniture and vehicles | 24 | €483 | €18,936 | +€18,453 | +3,823% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €67,737 | €99,655 | +€31,917 | +47.1% |
| Amounts receivable within one year | 40/41 | - | €14,520 | +€14,520 | |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Current investments | 50/53 | €15,398 | €15,500 | +€103 | +0.7% |
| Cash at bank and in hand | 54/58 | €52,340 | €69,635 | +€17,295 | +33.0% |
| Total equity and liabilities | 10/49 | €1,070,326 | €1,120,191 | +€49,864 | +4.7% |
| Equity | 10/15 | €723,235 | €809,508 | +€86,273 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €476,607 | €562,880 | +€86,273 | +18.1% |
| 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 | €474,747 | €561,020 | +€86,273 | +18.2% |
| Profit (loss) carried forward | 14 | €234,228 | €234,228 | = | 0.0% |
| Amounts payable | 17/49 | €347,091 | €310,682 | -€36,409 | -10.5% |
| Amounts payable after more than one year | 17 | €280,824 | €227,033 | -€53,791 | -19.2% |
| Financial debts | 170/4 | €280,824 | €227,033 | -€53,791 | -19.2% |
| Amounts payable within one year | 42/48 | €62,367 | €83,649 | +€21,282 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €52,654 | €53,791 | +€1,137 | +2.2% |
| Trade debts | 44 | €30 | €2,217 | +€2,187 | +7,290% |
| Suppliers | 440/4 | €30 | €2,217 | +€2,187 | +7,290% |
| Taxes, remuneration and social security | 45 | €9,683 | €23,692 | +€14,009 | +145% |
| Taxes | 450/3 | €9,683 | €23,692 | +€14,009 | +145% |
| Other amounts payable | 47/48 | - | €3,949 | +€3,949 | |
| Accrued charges and deferred income | 492/3 | €3,900 | - | -€3,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €4,502 | +€3,702 | +463% |
| Other operating charges | 640/8 | €445 | €208 | -€237 | -53.3% |
| Gross operating margin | 9900 | €101,543 | €131,390 | +€29,848 | +29.4% |
| Operating profit (loss) | 9901 | €100,298 | €126,681 | +€26,383 | +26.3% |
| Financial income | 75/76B | €45 | €147 | +€102 | +226% |
| Recurring financial income | 75 | €45 | €147 | +€102 | +226% |
| Financial charges | 65/66B | €7,852 | €6,806 | -€1,045 | -13.3% |
| Recurring financial charges | 65 | €7,852 | €6,806 | -€1,045 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €92,491 | €120,021 | +€27,530 | +29.8% |
| Income taxes | 67/77 | €25,187 | €33,749 | +€8,561 | +34.0% |
| Profit (loss) for the period | 9904 | €67,304 | €86,273 | +€18,968 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,304 | €86,273 | +€18,968 | +28.2% |
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 14 October 2026 via checked.be.