Farmadistri: 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.
Farmadistri
Largest movements
- Receivables within one year +€114,475
up €114,475 (+8.3%), from €1.4m to €1.5m
- Cash +€31,772
up €31,772 (+886%), from €3,587 to €35,359
mainly Net result for the year (+€479,926) and Current portion of long-term debt (+€11,504)
- Tangible fixed assets +€23,273
up €23,273 (+977%), from €2,383 to €25,657
of which Leasing and similar rights: +€17,567
- Reserves +€329,926
up €329,926 (+77.9%), from €423,645 to €753,571
of which Distributable reserves: +€329,926
- Other debts -€104,109
down €104,109 (-26.0%), from €400,000 to €295,891
- Trade debts -€40,841
down €40,841 (-8.3%), from €490,828 to €449,988
- Tax, wage and social debts -€17,840
down €17,840 (-27.3%), from €65,253 to €47,413
of which Remuneration and social security: -€11,893
- Gross operating margin +€71,391
up €71,391 (+11.3%), from €629,847 to €701,238
- Staff costs -€13,781
down €13,781 (-12.5%), from €110,439 to €96,658
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 | €1,412,854 | €1,590,661 | +€177,806 | +12.6% |
| Fixed assets | 21/28 | €13,185 | €35,949 | +€22,764 | +173% |
| Intangible fixed assets | 21 | €10,802 | €10,293 | -€509 | -4.7% |
| Tangible fixed assets | 22/27 | €2,383 | €25,657 | +€23,273 | +977% |
| Plant, machinery and equipment | 23 | €2,383 | €8,089 | +€5,706 | +239% |
| Leasing and similar rights | 25 | - | €17,567 | +€17,567 | |
| Current assets | 29/58 | €1,399,669 | €1,554,711 | +€155,042 | +11.1% |
| Stocks and contracts in progress | 3 | - | €11,559 | +€11,559 | |
| Stocks | 30/36 | - | €11,559 | +€11,559 | |
| Amounts receivable within one year | 40/41 | €1,384,158 | €1,498,634 | +€114,475 | +8.3% |
| Trade receivables | 40 | €1,384,158 | €1,498,634 | +€114,475 | +8.3% |
| Cash at bank and in hand | 54/58 | €3,587 | €35,359 | +€31,772 | +886% |
| Deferred charges and accrued income | 490/1 | €11,924 | €9,160 | -€2,764 | -23.2% |
| Total equity and liabilities | 10/49 | €1,412,854 | €1,590,661 | +€177,806 | +12.6% |
| Equity | 10/15 | €429,945 | €759,871 | +€329,926 | +76.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €423,645 | €753,571 | +€329,926 | +77.9% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €339,445 | €669,371 | +€329,926 | +97.2% |
| Amounts payable | 17/49 | €982,909 | €830,789 | -€152,120 | -15.5% |
| Amounts payable after more than one year | 17 | - | €10,390 | +€10,390 | |
| Financial debts | 170/4 | - | €10,390 | +€10,390 | |
| Amounts payable within one year | 42/48 | €971,333 | €820,012 | -€151,321 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €15,216 | €26,720 | +€11,504 | +75.6% |
| Trade debts | 44 | €490,828 | €449,988 | -€40,841 | -8.3% |
| Suppliers | 440/4 | €490,828 | €449,988 | -€40,841 | -8.3% |
| Advances received on contracts in progress | 46 | €36 | - | -€36 | |
| Taxes, remuneration and social security | 45 | €65,253 | €47,413 | -€17,840 | -27.3% |
| Taxes | 450/3 | €48,045 | €42,098 | -€5,947 | -12.4% |
| Remuneration and social security | 454/9 | €17,208 | €5,315 | -€11,893 | -69.1% |
| Other amounts payable | 47/48 | €400,000 | €295,891 | -€104,109 | -26.0% |
| Accrued charges and deferred income | 492/3 | €11,576 | €387 | -€11,189 | -96.7% |
| Remuneration, social security and pensions | 62 | €110,439 | €96,658 | -€13,781 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,185 | €7,153 | +€1,967 | +37.9% |
| Other operating charges | 640/8 | €810 | €1,172 | +€362 | +44.7% |
| Gross operating margin | 9900 | €629,847 | €701,238 | +€71,391 | +11.3% |
| Operating profit (loss) | 9901 | €513,413 | €596,255 | +€82,842 | +16.1% |
| Financial income | 75/76B | €2,818 | €165 | -€2,653 | -94.1% |
| Recurring financial income | 75 | €2,818 | €165 | -€2,653 | -94.1% |
| Financial charges | 65/66B | €1,332 | €5,243 | +€3,910 | +294% |
| Recurring financial charges | 65 | €1,332 | €5,243 | +€3,910 | +294% |
| Profit (loss) for the period before taxes | 9903 | €514,898 | €591,177 | +€76,279 | +14.8% |
| Income taxes | 67/77 | €106,308 | €111,251 | +€4,943 | +4.6% |
| Profit (loss) for the period | 9904 | €408,590 | €479,926 | +€71,336 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €408,590 | €479,926 | +€71,336 | +17.5% |
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 26 October 2026 via checked.be.