Farma223: 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.
Farma223
Largest movements
- Cash +€38,184
up €38,184 (+196%), from €19,470 to €57,654
mainly Net result for the year (+€107,552) and Depreciation (+€22,794)
- Receivables within one year +€34,379
up €34,379 (+735%), from €4,680 to €39,059
of which Trade receivables: +€33,481
- Tangible fixed assets +€22,416
up €22,416 (+3.5%), from €632,542 to €654,958
of which Furniture and vehicles: +€31,733
- Reserves +€55,759
new in 2025: €55,759
- Profit (loss) carried forward +€51,793
up €51,793, from -€51,793 to €0
- Debts after one year -€21,042
down €21,042 (-3.3%), from €632,724 to €611,682
- Gross operating margin +€115,899
up €115,899 (+190%), from €61,109 to €177,007
- Depreciation -€65,627
down €65,627 (-74.2%), from €88,421 to €22,794
- Taxes +€15,048
up €15,048 (+8,961%), from €168 to €15,216
- Financial charges +€9,462
up €9,462 (+49.9%), from €18,964 to €28,426
- Other operating charges -€2,330
down €2,330 (-43.6%), from €5,349 to €3,019
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 | €656,740 | €751,671 | +€94,931 | +14.5% |
| Fixed assets | 21/28 | €632,542 | €654,958 | +€22,416 | +3.5% |
| Tangible fixed assets | 22/27 | €632,542 | €654,958 | +€22,416 | +3.5% |
| Land and buildings | 22 | €625,936 | €613,557 | -€12,379 | -2.0% |
| Plant, machinery and equipment | 23 | - | €3,061 | +€3,061 | |
| Furniture and vehicles | 24 | €6,606 | €38,339 | +€31,733 | +480% |
| Current assets | 29/58 | €24,198 | €96,713 | +€72,515 | +300% |
| Amounts receivable within one year | 40/41 | €4,680 | €39,059 | +€34,379 | +735% |
| Trade receivables | 40 | €4,680 | €38,161 | +€33,481 | +715% |
| Other amounts receivable | 41 | - | €898 | +€898 | |
| Cash at bank and in hand | 54/58 | €19,470 | €57,654 | +€38,184 | +196% |
| Deferred charges and accrued income | 490/1 | €48 | €0 | -€48 | -100% |
| Total equity and liabilities | 10/49 | €656,740 | €751,671 | +€94,931 | +14.5% |
| Equity | 10/15 | -€11,793 | €95,759 | +€107,552 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €55,759 | +€55,759 | |
| Distributable reserves | 133 | - | €55,759 | +€55,759 | |
| Profit (loss) carried forward | 14 | -€51,793 | €0 | +€51,793 | |
| Amounts payable | 17/49 | €668,533 | €655,912 | -€12,622 | -1.9% |
| Amounts payable after more than one year | 17 | €632,724 | €611,682 | -€21,042 | -3.3% |
| Financial debts | 170/4 | €632,724 | €611,682 | -€21,042 | -3.3% |
| Amounts payable within one year | 42/48 | €35,809 | €44,027 | +€8,217 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €32,650 | €39,144 | +€6,494 | +19.9% |
| Trade debts | 44 | €925 | €206 | -€720 | -77.8% |
| Suppliers | 440/4 | €925 | €206 | -€720 | -77.8% |
| Taxes, remuneration and social security | 45 | €819 | €4,677 | +€3,858 | +471% |
| Taxes | 450/3 | €819 | €4,677 | +€3,858 | +471% |
| Other amounts payable | 47/48 | €1,415 | €0 | -€1,415 | -100% |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,421 | €22,794 | -€65,627 | -74.2% |
| Other operating charges | 640/8 | €5,349 | €3,019 | -€2,330 | -43.6% |
| Gross operating margin | 9900 | €61,109 | €177,007 | +€115,899 | +190% |
| Operating profit (loss) | 9901 | -€32,661 | €151,194 | +€183,855 | |
| Financial charges | 65/66B | €18,964 | €28,426 | +€9,462 | +49.9% |
| Recurring financial charges | 65 | €18,964 | €28,426 | +€9,462 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,625 | €122,768 | +€174,393 | |
| Income taxes | 67/77 | €168 | €15,216 | +€15,048 | +8,961% |
| Profit (loss) for the period | 9904 | -€51,793 | €107,552 | +€159,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,793 | €107,552 | +€159,346 |
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 16 October 2026 via checked.be.