FARMA WAELPUT: 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 WAELPUT
Largest movements
- Receivables within one year +€19,906
up €19,906 (+3.3%), from €595,201 to €615,107
of which Trade receivables: +€49,690
- Cash +€16,794
up €16,794 (+26.0%), from €64,469 to €81,264
mainly Net result for the year (+€95,353) and Depreciation (+€917)
- Reserves +€95,353
up €95,353 (+16.3%), from €583,870 to €679,223
of which Distributable reserves: +€95,353
- Trade debts -€41,315
down €41,315 (-28.4%), from €145,337 to €104,022
- Short-term financial debts -€8,499
down €8,499 (-68.7%), from €12,366 to €3,867
- Gross operating margin +€44,960
up €44,960 (+25.7%), from €174,819 to €219,779
- Other operating charges +€26,774
up €26,774 (+5426.1%), from €493 to €27,268
- Taxes -€7,539
down €7,539 (-19.1%), from €39,373 to €31,834
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 | €788,795 | €829,590 | +€40,795 | +5.2% |
| Fixed assets | 21/28 | €2,756 | €1,840 | -€917 | -33.3% |
| Tangible fixed assets | 22/27 | €2,161 | €1,245 | -€917 | -42.4% |
| Furniture and vehicles | 24 | €2,161 | €1,245 | -€917 | -42.4% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €786,038 | €827,750 | +€41,712 | +5.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €65,457 | €70,499 | +€5,042 | +7.7% |
| Stocks | 30/36 | €65,457 | €70,499 | +€5,042 | +7.7% |
| Amounts receivable within one year | 40/41 | €595,201 | €615,107 | +€19,906 | +3.3% |
| Trade receivables | 40 | €117,380 | €167,070 | +€49,690 | +42.3% |
| Other amounts receivable | 41 | €477,821 | €448,037 | -€29,784 | -6.2% |
| Cash at bank and in hand | 54/58 | €64,469 | €81,264 | +€16,794 | +26.0% |
| Deferred charges and accrued income | 490/1 | €911 | €881 | -€30 | -3.3% |
| Total equity and liabilities | 10/49 | €788,795 | €829,590 | +€40,795 | +5.2% |
| Equity | 10/15 | €590,025 | €685,378 | +€95,353 | +16.2% |
| Contributions | 10/11 | €6,155 | €6,155 | = | 0.0% |
| Reserves | 13 | €583,870 | €679,223 | +€95,353 | +16.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €583,870 | €679,223 | +€95,353 | +16.3% |
| Amounts payable | 17/49 | €198,770 | €144,212 | -€54,558 | -27.4% |
| Amounts payable within one year | 42/48 | €198,770 | €144,212 | -€54,558 | -27.4% |
| Financial debts | 43 | €12,366 | €3,867 | -€8,499 | -68.7% |
| Other loans | 439 | €12,366 | €3,867 | -€8,499 | -68.7% |
| Trade debts | 44 | €145,337 | €104,022 | -€41,315 | -28.4% |
| Suppliers | 440/4 | €145,337 | €104,022 | -€41,315 | -28.4% |
| Taxes, remuneration and social security | 45 | €36,910 | €33,618 | -€3,291 | -8.9% |
| Taxes | 450/3 | €18,566 | €18,471 | -€95 | -0.5% |
| Remuneration and social security | 454/9 | €18,344 | €15,147 | -€3,197 | -17.4% |
| Other amounts payable | 47/48 | €4,157 | €2,705 | -€1,453 | -34.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €77,083 | €78,160 | +€1,076 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589 | €917 | +€328 | +55.8% |
| Other operating charges | 640/8 | €493 | €27,268 | +€26,774 | +5426.1% |
| Gross operating margin | 9900 | €174,819 | €219,779 | +€44,960 | +25.7% |
| Operating profit (loss) | 9901 | €96,654 | €113,435 | +€16,781 | +17.4% |
| Financial income | 75/76B | €13,729 | €15,080 | +€1,350 | +9.8% |
| Recurring financial income | 75 | €13,729 | €15,080 | +€1,350 | +9.8% |
| Financial charges | 65/66B | €932 | €1,328 | +€396 | +42.5% |
| Recurring financial charges | 65 | €932 | €1,328 | +€396 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €109,452 | €127,187 | +€17,735 | +16.2% |
| Income taxes | 67/77 | €39,373 | €31,834 | -€7,539 | -19.1% |
| Profit (loss) for the period | 9904 | €70,079 | €95,353 | +€25,275 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,079 | €95,353 | +€25,275 | +36.1% |
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 8 October 2026 via checked.be.