FARMAFENDER: 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.
FARMAFENDER
Largest movements
- Receivables within one year +€98,695
up €98,695 (+122%), from €80,909 to €179,605
of which Other amounts receivable: +€94,410
- Current investments -€27,867
down €27,867 (-35.4%), from €78,677 to €50,810
- Cash +€5,801
up €5,801 (+55.9%), from €10,385 to €16,186
mainly Net result for the year (+€70,343) and Other debts (+€39,027)
- Other debts +€39,027
new in 2025: €39,027
- Reserves +€31,315
up €31,315 (+23.7%), from €131,999 to €163,314
of which Distributable reserves: +€33,175
- Tax, wage and social debts +€3,357
up €3,357 (+7.0%), from €47,980 to €51,337
- Trade debts +€3,154
up €3,154 (+46.0%), from €6,848 to €10,002
- Gross operating margin +€18,308
up €18,308 (+23.8%), from €76,818 to €95,126
- Financial income +€6,830
up €6,830 (+205%), from €3,338 to €10,168
- Taxes +€1,455
up €1,455 (+5.3%), from €27,432 to €28,887
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 | €193,680 | €269,880 | +€76,200 | +39.3% |
| Fixed assets | 21/28 | €17,838 | €15,749 | -€2,090 | -11.7% |
| Tangible fixed assets | 22/27 | €17,763 | €15,674 | -€2,090 | -11.8% |
| Plant, machinery and equipment | 23 | €3,642 | €3,132 | -€510 | -14.0% |
| Furniture and vehicles | 24 | €5,661 | €5,059 | -€602 | -10.6% |
| Other tangible fixed assets | 26 | €8,460 | €7,482 | -€978 | -11.6% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €175,842 | €254,132 | +€78,289 | +44.5% |
| Amounts receivable within one year | 40/41 | €80,909 | €179,605 | +€98,695 | +122% |
| Trade receivables | 40 | €27,071 | €31,356 | +€4,285 | +15.8% |
| Other amounts receivable | 41 | €53,838 | €148,249 | +€94,410 | +175% |
| Current investments | 50/53 | €78,677 | €50,810 | -€27,867 | -35.4% |
| Cash at bank and in hand | 54/58 | €10,385 | €16,186 | +€5,801 | +55.9% |
| Deferred charges and accrued income | 490/1 | €5,872 | €7,531 | +€1,660 | +28.3% |
| Total equity and liabilities | 10/49 | €193,680 | €269,880 | +€76,200 | +39.3% |
| Equity | 10/15 | €138,199 | €169,514 | +€31,315 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,999 | €163,314 | +€31,315 | +23.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €130,139 | €163,314 | +€33,175 | +25.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,482 | €100,366 | +€44,885 | +80.9% |
| Amounts payable within one year | 42/48 | €54,828 | €100,366 | +€45,538 | +83.1% |
| Trade debts | 44 | €6,848 | €10,002 | +€3,154 | +46.0% |
| Suppliers | 440/4 | €6,848 | €10,002 | +€3,154 | +46.0% |
| Taxes, remuneration and social security | 45 | €47,980 | €51,337 | +€3,357 | +7.0% |
| Taxes | 450/3 | €47,980 | €51,337 | +€3,357 | +7.0% |
| Other amounts payable | 47/48 | - | €39,027 | +€39,027 | |
| Accrued charges and deferred income | 492/3 | €653 | €0 | -€653 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,593 | €3,666 | +€73 | +2.0% |
| Other operating charges | 640/8 | €816 | €723 | -€93 | -11.4% |
| Gross operating margin | 9900 | €76,818 | €95,126 | +€18,308 | +23.8% |
| Operating profit (loss) | 9901 | €72,409 | €90,737 | +€18,328 | +25.3% |
| Financial income | 75/76B | €3,338 | €10,168 | +€6,830 | +205% |
| Recurring financial income | 75 | €3,338 | €10,168 | +€6,830 | +205% |
| Financial charges | 65/66B | €2,276 | €1,676 | -€600 | -26.4% |
| Recurring financial charges | 65 | €2,276 | €1,676 | -€600 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €73,471 | €99,229 | +€25,758 | +35.1% |
| Income taxes | 67/77 | €27,432 | €28,887 | +€1,455 | +5.3% |
| Profit (loss) for the period | 9904 | €46,039 | €70,343 | +€24,303 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,039 | €70,343 | +€24,303 | +52.8% |
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 19 October 2026 via checked.be.