FARMAGORA: 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.
FARMAGORA
Largest movements
- Tangible fixed assets -€54,601
down €54,601 (-12.7%), from €430,547 to €375,946
of which Land and buildings: -€44,751
- Cash +€29,067
up €29,067 (+5.8%), from €497,943 to €527,010
mainly Depreciation (+€58,940) and Tax, wage and social debts (+€5,679)
- Current portion of long-term debt -€21,187
no longer reported in 2025 (was €21,187)
- Gross operating margin +€37,984
up €37,984 (+14.5%), from €261,893 to €299,877
- Depreciation +€30,962
up €30,962 (+111%), from €27,977 to €58,940
- Staff costs +€8,560
up €8,560 (+3.9%), from €221,603 to €230,163
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 | €1,791,050 | €1,780,232 | -€10,818 | -0.6% |
| Fixed assets | 21/28 | €435,795 | €380,996 | -€54,799 | -12.6% |
| Tangible fixed assets | 22/27 | €430,547 | €375,946 | -€54,601 | -12.7% |
| Land and buildings | 22 | €372,216 | €327,465 | -€44,751 | -12.0% |
| Plant, machinery and equipment | 23 | €29,588 | €27,829 | -€1,759 | -5.9% |
| Furniture and vehicles | 24 | €28,743 | €20,652 | -€8,091 | -28.1% |
| Financial fixed assets | 28 | €5,248 | €5,050 | -€198 | -3.8% |
| Current assets | 29/58 | €1,355,255 | €1,399,236 | +€43,981 | +3.2% |
| Stocks and contracts in progress | 3 | €163,686 | €173,814 | +€10,128 | +6.2% |
| Stocks | 30/36 | €163,686 | €173,814 | +€10,128 | +6.2% |
| Amounts receivable within one year | 40/41 | €693,626 | €698,412 | +€4,786 | +0.7% |
| Trade receivables | 40 | €123,226 | €125,312 | +€2,085 | +1.7% |
| Other amounts receivable | 41 | €570,400 | €573,100 | +€2,700 | +0.5% |
| Cash at bank and in hand | 54/58 | €497,943 | €527,010 | +€29,067 | +5.8% |
| Total equity and liabilities | 10/49 | €1,791,050 | €1,780,232 | -€10,818 | -0.6% |
| Equity | 10/15 | €1,587,101 | €1,590,526 | +€3,424 | +0.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,463,155 | €1,466,579 | +€3,424 | +0.2% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €1,450,760 | €1,454,184 | +€3,424 | +0.2% |
| Amounts payable | 17/49 | €203,949 | €189,706 | -€14,243 | -7.0% |
| Amounts payable within one year | 42/48 | €203,949 | €189,706 | -€14,243 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €21,187 | - | -€21,187 | |
| Trade debts | 44 | €93,484 | €89,779 | -€3,704 | -4.0% |
| Suppliers | 440/4 | €93,484 | €89,779 | -€3,704 | -4.0% |
| Taxes, remuneration and social security | 45 | €36,385 | €42,063 | +€5,679 | +15.6% |
| Taxes | 450/3 | - | €2,441 | +€2,441 | |
| Remuneration and social security | 454/9 | €36,385 | €39,622 | +€3,238 | +8.9% |
| Other amounts payable | 47/48 | €52,894 | €57,863 | +€4,969 | +9.4% |
| Remuneration, social security and pensions | 62 | €221,603 | €230,163 | +€8,560 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,977 | €58,940 | +€30,962 | +111% |
| Other operating charges | 640/8 | €2,628 | €2,711 | +€83 | +3.1% |
| Gross operating margin | 9900 | €261,893 | €299,877 | +€37,984 | +14.5% |
| Operating profit (loss) | 9901 | €9,685 | €8,064 | -€1,622 | -16.7% |
| Financial income | 75/76B | €814 | €550 | -€264 | -32.5% |
| Recurring financial income | 75 | €814 | €550 | -€264 | -32.5% |
| Financial charges | 65/66B | €1,841 | €1,189 | -€651 | -35.4% |
| Recurring financial charges | 65 | €1,841 | €1,189 | -€651 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €8,659 | €7,424 | -€1,234 | -14.3% |
| Income taxes | 67/77 | €5,050 | €4,000 | -€1,050 | -20.8% |
| Profit (loss) for the period | 9904 | €3,609 | €3,424 | -€185 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,609 | €3,424 | -€185 | -5.1% |
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 27 October 2026 via checked.be.