FARMAKS: 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.
FARMAKS
Largest movements
- Receivables within one year +€198,990
up €198,990 (+48.1%), from €413,512 to €612,502
of which Other amounts receivable: +€198,990
- Cash +€60,228
up €60,228 (+11.8%), from €510,582 to €570,811
mainly Net result for the year (+€375,394) and Other debts (+€223,864)
- Other debts +€223,864
up €223,864 (+36.6%), from €611,676 to €835,541
- Reserves +€138,685
up €138,685 (+8.0%), from €1.7m to €1.9m
- Debts after one year -€93,572
down €93,572 (-66.5%), from €140,705 to €47,132
- Financial income +€198,664
up €198,664 (+2,509%), from €7,918 to €206,582
- Taxes +€19,570
up €19,570 (+23.6%), from €82,855 to €102,425
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 | €2,678,140 | €2,940,017 | +€261,877 | +9.8% |
| Fixed assets | 21/28 | €1,754,045 | €1,754,045 | = | 0.0% |
| Financial fixed assets | 28 | €1,754,045 | €1,754,045 | = | 0.0% |
| Current assets | 29/58 | €924,094 | €1,185,972 | +€261,877 | +28.3% |
| Amounts receivable within one year | 40/41 | €413,512 | €612,502 | +€198,990 | +48.1% |
| Trade receivables | 40 | €35,090 | €35,090 | = | 0.0% |
| Other amounts receivable | 41 | €378,422 | €577,412 | +€198,990 | +52.6% |
| Cash at bank and in hand | 54/58 | €510,582 | €570,811 | +€60,228 | +11.8% |
| Deferred charges and accrued income | 490/1 | - | €2,659 | +€2,659 | |
| Total equity and liabilities | 10/49 | €2,678,140 | €2,940,017 | +€261,877 | +9.8% |
| Equity | 10/15 | €1,750,314 | €1,888,999 | +€138,685 | +7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,730,314 | €1,868,999 | +€138,685 | +8.0% |
| Distributable reserves | 133 | €1,730,314 | €1,868,999 | +€138,685 | +8.0% |
| Amounts payable | 17/49 | €927,826 | €1,051,018 | +€123,193 | +13.3% |
| Amounts payable after more than one year | 17 | €140,705 | €47,132 | -€93,572 | -66.5% |
| Financial debts | 170/4 | €140,705 | €47,132 | -€93,572 | -66.5% |
| Amounts payable within one year | 42/48 | €777,607 | €996,131 | +€218,524 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €92,657 | €93,572 | +€915 | +1.0% |
| Trade debts | 44 | €2,172 | €3,300 | +€1,129 | +52.0% |
| Suppliers | 440/4 | €2,172 | €3,300 | +€1,129 | +52.0% |
| Taxes, remuneration and social security | 45 | €71,102 | €63,718 | -€7,384 | -10.4% |
| Taxes | 450/3 | €66,548 | €59,164 | -€7,384 | -11.1% |
| Remuneration and social security | 454/9 | €4,554 | €4,554 | = | 0.0% |
| Other amounts payable | 47/48 | €611,676 | €835,541 | +€223,864 | +36.6% |
| Accrued charges and deferred income | 492/3 | €9,514 | €7,755 | -€1,759 | -18.5% |
| Other operating charges | 640/8 | €1,145 | €1,126 | -€18 | -1.6% |
| Gross operating margin | 9900 | €280,108 | €282,422 | +€2,314 | +0.8% |
| Operating profit (loss) | 9901 | €278,963 | €281,296 | +€2,333 | +0.8% |
| Financial income | 75/76B | €7,918 | €206,582 | +€198,664 | +2,509% |
| Recurring financial income | 75 | €7,918 | €206,582 | +€198,664 | +2,509% |
| Financial charges | 65/66B | €12,671 | €10,059 | -€2,612 | -20.6% |
| Recurring financial charges | 65 | €12,671 | €10,059 | -€2,612 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €274,210 | €477,819 | +€203,609 | +74.3% |
| Income taxes | 67/77 | €82,855 | €102,425 | +€19,570 | +23.6% |
| Profit (loss) for the period | 9904 | €191,354 | €375,394 | +€184,039 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,354 | €375,394 | +€184,039 | +96.2% |
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 14 October 2026 via checked.be.