Farmadec: 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.
Farmadec
Largest movements
- Intangible fixed assets -€56,025
down €56,025 (-14.8%), from €378,232 to €322,207
- Stocks and contracts -€43,022
down €43,022 (-41.2%), from €104,316 to €61,293
- Receivables within one year -€28,732
down €28,732 (-38.1%), from €75,478 to €46,746
of which Trade receivables: -€27,605
- Deferred charges and accrued income +€17,615
up €17,615 (+223%), from €7,916 to €25,532
- Cash -€14,306
down €14,306 (-31.1%), from €46,033 to €31,727
mainly Debts after one year (-€90,372) and Trade debts (-€49,910)
- Debts after one year -€90,372
down €90,372 (-30.3%), from €298,722 to €208,350
- Trade debts -€49,910
down €49,910 (-55.3%), from €90,210 to €40,300
- Other debts +€42,350
new in 2025: €42,350
- Profit (loss) carried forward -€32,030
new in 2025: -€32,030
- Gross operating margin -€83,775
down €83,775 (-64.6%), from €129,724 to €45,948
- Taxes -€12,743
no longer reported in 2025 (was €12,743)
- Financial charges -€3,495
down €3,495 (-24.3%), from €14,362 to €10,867
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,918 | €554,731 | -€131,187 | -19.1% |
| Fixed assets | 21/28 | €452,175 | €389,433 | -€62,742 | -13.9% |
| Intangible fixed assets | 21 | €378,232 | €322,207 | -€56,025 | -14.8% |
| Tangible fixed assets | 22/27 | €73,943 | €67,226 | -€6,717 | -9.1% |
| Land and buildings | 22 | €1,003 | €4,991 | +€3,988 | +398% |
| Plant, machinery and equipment | 23 | €23,734 | €20,155 | -€3,579 | -15.1% |
| Furniture and vehicles | 24 | €49,206 | €42,080 | -€7,126 | -14.5% |
| Current assets | 29/58 | €233,743 | €165,298 | -€68,445 | -29.3% |
| Stocks and contracts in progress | 3 | €104,316 | €61,293 | -€43,022 | -41.2% |
| Stocks | 30/36 | €104,316 | €61,293 | -€43,022 | -41.2% |
| Amounts receivable within one year | 40/41 | €75,478 | €46,746 | -€28,732 | -38.1% |
| Trade receivables | 40 | €64,812 | €37,207 | -€27,605 | -42.6% |
| Other amounts receivable | 41 | €10,666 | €9,539 | -€1,127 | -10.6% |
| Cash at bank and in hand | 54/58 | €46,033 | €31,727 | -€14,306 | -31.1% |
| Deferred charges and accrued income | 490/1 | €7,916 | €25,532 | +€17,615 | +223% |
| Total equity and liabilities | 10/49 | €685,918 | €554,731 | -€131,187 | -19.1% |
| Equity | 10/15 | €195,583 | €163,553 | -€32,030 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,383 | €189,383 | = | 0.0% |
| Distributable reserves | 133 | €189,383 | €189,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,030 | -€32,030 | |
| Amounts payable | 17/49 | €490,335 | €391,178 | -€99,157 | -20.2% |
| Amounts payable after more than one year | 17 | €298,722 | €208,350 | -€90,372 | -30.3% |
| Financial debts | 170/4 | €298,722 | €208,350 | -€90,372 | -30.3% |
| Amounts payable within one year | 42/48 | €188,855 | €177,228 | -€11,627 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €94,176 | €90,372 | -€3,804 | -4.0% |
| Financial debts | 43 | €4,226 | €4,206 | -€20 | -0.5% |
| Credit institutions | 430/8 | €4,226 | €4,206 | -€20 | -0.5% |
| Trade debts | 44 | €90,210 | €40,300 | -€49,910 | -55.3% |
| Suppliers | 440/4 | €90,210 | €40,300 | -€49,910 | -55.3% |
| Taxes, remuneration and social security | 45 | €243 | - | -€243 | |
| Taxes | 450/3 | €243 | - | -€243 | |
| Other amounts payable | 47/48 | - | €42,350 | +€42,350 | |
| Accrued charges and deferred income | 492/3 | €2,758 | €5,600 | +€2,842 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,271 | €67,325 | +€54 | +0.1% |
| Other operating charges | 640/8 | €968 | €602 | -€365 | -37.7% |
| Gross operating margin | 9900 | €129,724 | €45,948 | -€83,775 | -64.6% |
| Operating profit (loss) | 9901 | €61,485 | -€21,979 | -€83,465 | |
| Financial income | 75/76B | €1,604 | €816 | -€788 | -49.1% |
| Recurring financial income | 75 | €1,604 | €816 | -€788 | -49.1% |
| Financial charges | 65/66B | €14,362 | €10,867 | -€3,495 | -24.3% |
| Recurring financial charges | 65 | €14,362 | €10,867 | -€3,495 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €48,728 | -€32,030 | -€80,758 | |
| Income taxes | 67/77 | €12,743 | - | -€12,743 | |
| Profit (loss) for the period | 9904 | €35,985 | -€32,030 | -€68,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,985 | -€32,030 | -€68,015 |
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 20 October 2026 via checked.be.