FARMALIA: 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.
FARMALIA
Largest movements
- Tangible fixed assets -€18,327
down €18,327 (-6.7%), from €272,353 to €254,026
of which Land and buildings: -€9,321
- Intangible fixed assets -€6,100
no longer reported in 2025 (was €6,100)
- Receivables within one year +€4,702
up €4,702 (+9.0%), from €52,285 to €56,987
of which Other amounts receivable: +€9,445
- Debts after one year -€26,714
down €26,714 (-8.8%), from €302,333 to €275,619
- Current portion of long-term debt -€16,310
down €16,310 (-34.7%), from €47,033 to €30,723
- Short-term financial debts +€9,289
up €9,289 (+86.7%), from €10,711 to €20,000
- Profit (loss) carried forward +€8,777
up €8,777 (+19.8%), from -€44,334 to -€35,557
- Depreciation -€15,893
down €15,893 (-39.4%), from €40,320 to €24,427
- Gross operating margin -€12,144
down €12,144 (-21.7%), from €55,836 to €43,692
- Financial charges -€1,234
down €1,234 (-10.0%), from €12,370 to €11,136
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 | €421,773 | €397,775 | -€23,999 | -5.7% |
| Fixed assets | 21/28 | €278,453 | €254,026 | -€24,427 | -8.8% |
| Intangible fixed assets | 21 | €6,100 | - | -€6,100 | |
| Tangible fixed assets | 22/27 | €272,353 | €254,026 | -€18,327 | -6.7% |
| Land and buildings | 22 | €260,789 | €251,468 | -€9,321 | -3.6% |
| Plant, machinery and equipment | 23 | €2,850 | €2,558 | -€292 | -10.2% |
| Furniture and vehicles | 24 | €8,714 | - | -€8,714 | |
| Current assets | 29/58 | €143,321 | €143,749 | +€428 | +0.3% |
| Stocks and contracts in progress | 3 | €70,488 | €66,596 | -€3,893 | -5.5% |
| Stocks | 30/36 | €70,488 | €66,596 | -€3,893 | -5.5% |
| Amounts receivable within one year | 40/41 | €52,285 | €56,987 | +€4,702 | +9.0% |
| Trade receivables | 40 | €36,880 | €32,137 | -€4,743 | -12.9% |
| Other amounts receivable | 41 | €15,405 | €24,850 | +€9,445 | +61.3% |
| Cash at bank and in hand | 54/58 | €19,754 | €17,805 | -€1,950 | -9.9% |
| Deferred charges and accrued income | 490/1 | €793 | €2,361 | +€1,568 | +198% |
| Total equity and liabilities | 10/49 | €421,773 | €397,775 | -€23,999 | -5.7% |
| Equity | 10/15 | -€23,874 | -€15,097 | +€8,777 | +36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,334 | -€35,557 | +€8,777 | +19.8% |
| Amounts payable | 17/49 | €445,648 | €412,872 | -€32,776 | -7.4% |
| Amounts payable after more than one year | 17 | €302,333 | €275,619 | -€26,714 | -8.8% |
| Financial debts | 170/4 | €302,333 | €275,619 | -€26,714 | -8.8% |
| Amounts payable within one year | 42/48 | €143,315 | €137,253 | -€6,062 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €47,033 | €30,723 | -€16,310 | -34.7% |
| Financial debts | 43 | €10,711 | €20,000 | +€9,289 | +86.7% |
| Credit institutions | 430/8 | €10,711 | €20,000 | +€9,289 | +86.7% |
| Trade debts | 44 | €84,049 | €86,530 | +€2,481 | +3.0% |
| Suppliers | 440/4 | €84,049 | €86,530 | +€2,481 | +3.0% |
| Taxes, remuneration and social security | 45 | €1,522 | - | -€1,522 | |
| Taxes | 450/3 | €1,522 | - | -€1,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,320 | €24,427 | -€15,893 | -39.4% |
| Other operating charges | 640/8 | - | €1 | +€1 | |
| Gross operating margin | 9900 | €55,836 | €43,692 | -€12,144 | -21.7% |
| Operating profit (loss) | 9901 | €15,516 | €19,264 | +€3,748 | +24.2% |
| Financial income | 75/76B | €1,117 | €781 | -€336 | -30.1% |
| Recurring financial income | 75 | €1,117 | €781 | -€336 | -30.1% |
| Financial charges | 65/66B | €12,370 | €11,136 | -€1,234 | -10.0% |
| Recurring financial charges | 65 | €12,370 | €11,136 | -€1,234 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €4,263 | €8,909 | +€4,646 | +109% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | €4,124 | €8,777 | +€4,653 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €4,124 | €8,777 | +€4,653 | +113% |
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 21 October 2026 via checked.be.