FARMAC: 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.
FARMAC
Largest movements
- Cash -€624,031
down €624,031 (-83.0%), from €751,704 to €127,673
mainly Investment in fixed assets (net) (-€662,412) and Stocks and contracts (-€536,871)
- Stocks and contracts +€536,871
up €536,871 (+36.2%), from €1.5m to €2.0m
- Receivables within one year +€313,210
up €313,210 (+22.4%), from €1.4m to €1.7m
of which Trade receivables: +€250,656
- Tangible fixed assets +€120,342
up €120,342 (+7.6%), from €1.6m to €1.7m
of which Leasing and similar rights: +€356,562
- Trade debts +€217,125
up €217,125 (+39.1%), from €555,559 to €772,684
- Profit (loss) carried forward +€126,067
up €126,067 (+7.6%), from €1.7m to €1.8m
- Current portion of long-term debt -€99,994
down €99,994 (-15.4%), from €648,119 to €548,124
- Tax, wage and social debts +€80,704
up €80,704 (+26.3%), from €306,954 to €387,658
of which Remuneration and social security: +€87,778
- Debts after one year +€70,732
up €70,732 (+8.4%), from €844,809 to €915,541
- Staff costs +€504,065
up €504,065 (+18.4%), from €2.7m to €3.2m
- Gross operating margin +€406,575
up €406,575 (+10.3%), from €4.0m to €4.4m
- Depreciation +€63,419
up €63,419 (+13.3%), from €477,932 to €541,351
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 | €5,295,205 | €5,670,556 | +€375,351 | +7.1% |
| Fixed assets | 21/28 | €1,586,146 | €1,707,207 | +€121,061 | +7.6% |
| Intangible fixed assets | 21 | €2,475 | €1,543 | -€932 | -37.6% |
| Tangible fixed assets | 22/27 | €1,581,205 | €1,701,547 | +€120,342 | +7.6% |
| Plant, machinery and equipment | 23 | €517,577 | €394,468 | -€123,109 | -23.8% |
| Furniture and vehicles | 24 | €573,460 | €472,422 | -€101,039 | -17.6% |
| Leasing and similar rights | 25 | €388,380 | €744,941 | +€356,562 | +91.8% |
| Other tangible fixed assets | 26 | €101,788 | €89,716 | -€12,073 | -11.9% |
| Financial fixed assets | 28 | €2,465 | €4,116 | +€1,651 | +67.0% |
| Current assets | 29/58 | €3,709,059 | €3,963,349 | +€254,290 | +6.9% |
| Stocks and contracts in progress | 3 | €1,481,786 | €2,018,657 | +€536,871 | +36.2% |
| Contracts in progress | 37 | €1,481,786 | €2,018,657 | +€536,871 | +36.2% |
| Amounts receivable within one year | 40/41 | €1,397,258 | €1,710,468 | +€313,210 | +22.4% |
| Trade receivables | 40 | €1,151,451 | €1,402,107 | +€250,656 | +21.8% |
| Other amounts receivable | 41 | €245,807 | €308,360 | +€62,553 | +25.4% |
| Cash at bank and in hand | 54/58 | €751,704 | €127,673 | -€624,031 | -83.0% |
| Deferred charges and accrued income | 490/1 | €78,311 | €106,551 | +€28,240 | +36.1% |
| Total equity and liabilities | 10/49 | €5,295,205 | €5,670,556 | +€375,351 | +7.1% |
| Equity | 10/15 | €2,034,936 | €2,161,003 | +€126,067 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,810 | €352,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €350,950 | €56,250 | -€294,700 | -84.0% |
| Distributable reserves | 133 | €1,860 | €296,560 | +€294,700 | +15,844% |
| Profit (loss) carried forward | 14 | €1,663,526 | €1,789,593 | +€126,067 | +7.6% |
| Amounts payable | 17/49 | €3,260,269 | €3,509,553 | +€249,284 | +7.6% |
| Amounts payable after more than one year | 17 | €844,809 | €915,541 | +€70,732 | +8.4% |
| Financial debts | 170/4 | €844,809 | €915,541 | +€70,732 | +8.4% |
| Amounts payable within one year | 42/48 | €2,415,459 | €2,594,012 | +€178,553 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €648,119 | €548,124 | -€99,994 | -15.4% |
| Financial debts | 43 | €700,727 | €700,771 | +€44 | 0.0% |
| Credit institutions | 430/8 | €700,727 | €700,771 | +€44 | 0.0% |
| Trade debts | 44 | €555,559 | €772,684 | +€217,125 | +39.1% |
| Suppliers | 440/4 | €555,559 | €772,684 | +€217,125 | +39.1% |
| Taxes, remuneration and social security | 45 | €306,954 | €387,658 | +€80,704 | +26.3% |
| Taxes | 450/3 | €13,330 | €6,256 | -€7,074 | -53.1% |
| Remuneration and social security | 454/9 | €293,624 | €381,402 | +€87,778 | +29.9% |
| Other amounts payable | 47/48 | €204,100 | €184,774 | -€19,326 | -9.5% |
| Non-recurring operating income | 76A | €0 | €1,124 | +€1,124 | |
| Remuneration, social security and pensions | 62 | €2,740,359 | €3,244,424 | +€504,065 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477,932 | €541,351 | +€63,419 | +13.3% |
| Other operating charges | 640/8 | €43,245 | €43,353 | +€108 | +0.2% |
| Non-recurring operating charges | 66A | €0 | €6,252 | +€6,252 | |
| Gross operating margin | 9900 | €3,962,825 | €4,369,400 | +€406,575 | +10.3% |
| Operating profit (loss) | 9901 | €701,289 | €534,021 | -€167,268 | -23.9% |
| Financial income | 75/76B | €480 | €179 | -€300 | -62.6% |
| Recurring financial income | 75 | €480 | €179 | -€300 | -62.6% |
| Financial charges | 65/66B | €116,911 | €102,683 | -€14,227 | -12.2% |
| Recurring financial charges | 65 | €116,911 | €102,683 | -€14,227 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €584,858 | €431,517 | -€153,341 | -26.2% |
| Income taxes | 67/77 | €163,330 | €125,449 | -€37,881 | -23.2% |
| Profit (loss) for the period | 9904 | €421,528 | €306,067 | -€115,461 | -27.4% |
| Transfer from tax-exempt reserves | 789 | - | €294,700 | +€294,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €421,528 | €600,767 | +€179,239 | +42.5% |
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 15 October 2026 via checked.be.