FARMA TEAM: 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 TEAM
Largest movements
- Current investments -€554,621
down €554,621 (-49.2%), from €1.1m to €573,296
- Cash +€364,700
up €364,700 (+188.5%), from €193,447 to €558,146
mainly Current investments (+€554,621) and Net result for the year (+€442,520)
- Tangible fixed assets +€30,905
up €30,905 (+772.6%), from €4,000 to €34,905
- Reserves -€194,958
down €194,958 (-10.2%), from €1.9m to €1.7m
- Trade debts +€46,359
up €46,359 (+28379.9%), from €163 to €46,522
- Financial income +€54,466
up €54,466 (+31.2%), from €174,300 to €228,767
- Gross operating margin +€16,441
up €16,441 (+4.7%), from €350,871 to €367,312
- Depreciation +€6,095
up €6,095 (+308.3%), from €1,977 to €8,071
- Financial charges +€3,680
up €3,680 (+36.8%), from €10,003 to €13,683
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 | €2,036,967 | €1,881,087 | -€155,881 | -7.7% |
| Fixed assets | 21/28 | €638,085 | €668,990 | +€30,905 | +4.8% |
| Tangible fixed assets | 22/27 | €4,000 | €34,905 | +€30,905 | +772.6% |
| Furniture and vehicles | 24 | €4,000 | €34,905 | +€30,905 | +772.6% |
| Financial fixed assets | 28 | €634,085 | €634,085 | = | 0.0% |
| Current assets | 29/58 | €1,398,882 | €1,212,097 | -€186,786 | -13.4% |
| Amounts receivable within one year | 40/41 | €47,168 | €62,095 | +€14,928 | +31.6% |
| Trade receivables | 40 | €43,461 | €53,200 | +€9,739 | +22.4% |
| Other amounts receivable | 41 | €3,706 | €8,895 | +€5,189 | +140.0% |
| Current investments | 50/53 | €1,127,917 | €573,296 | -€554,621 | -49.2% |
| Cash at bank and in hand | 54/58 | €193,447 | €558,146 | +€364,700 | +188.5% |
| Deferred charges and accrued income | 490/1 | €30,351 | €18,559 | -€11,792 | -38.9% |
| Total equity and liabilities | 10/49 | €2,036,967 | €1,881,087 | -€155,881 | -7.7% |
| Equity | 10/15 | €1,915,431 | €1,720,473 | -€194,958 | -10.2% |
| Reserves | 13 | €1,915,431 | €1,720,473 | -€194,958 | -10.2% |
| Distributable reserves | 133 | €1,915,431 | €1,720,473 | -€194,958 | -10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,536 | €160,614 | +€39,077 | +32.2% |
| Amounts payable within one year | 42/48 | €111,901 | €152,692 | +€40,791 | +36.5% |
| Trade debts | 44 | €163 | €46,522 | +€46,359 | +28379.9% |
| Suppliers | 440/4 | €163 | €46,522 | +€46,359 | +28379.9% |
| Taxes, remuneration and social security | 45 | €61,410 | €44,881 | -€16,530 | -26.9% |
| Taxes | 450/3 | €61,410 | €44,881 | -€16,530 | -26.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,327 | €61,289 | +€10,962 | +21.8% |
| Accrued charges and deferred income | 492/3 | €9,635 | €7,922 | -€1,713 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,977 | €8,071 | +€6,095 | +308.3% |
| Other operating charges | 640/8 | €2,735 | €2,771 | +€36 | +1.3% |
| Gross operating margin | 9900 | €350,871 | €367,312 | +€16,441 | +4.7% |
| Operating profit (loss) | 9901 | €346,159 | €356,469 | +€10,310 | +3.0% |
| Financial income | 75/76B | €174,300 | €228,767 | +€54,466 | +31.2% |
| Recurring financial income | 75 | €174,300 | €228,767 | +€54,466 | +31.2% |
| Financial charges | 65/66B | €10,003 | €13,683 | +€3,680 | +36.8% |
| Recurring financial charges | 65 | €10,003 | €13,683 | +€3,680 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €510,456 | €571,553 | +€61,097 | +12.0% |
| Income taxes | 67/77 | €125,655 | €129,033 | +€3,378 | +2.7% |
| Profit (loss) for the period | 9904 | €384,801 | €442,520 | +€57,719 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €384,801 | €442,520 | +€57,719 | +15.0% |
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 7 October 2026 via checked.be.