FARMAPEL: what changed
What changed
FARMAPEL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€129,624
2024 · €130,402-€779
Equity
€849,415
2024 · €786,622+€62,793
Cash
€13,982
2024 · €13,794+€188
Balance sheet total
€1.3m
2024 · €1.3m-€17,538
Largest movements
Assets
- Tangible fixed assets -€18,642
down €18,642 (-38.5%), from €48,482 to €29,839
of which Furniture and vehicles: -€18,244
Equity and liabilities
- Debts after one year -€110,080
down €110,080 (-55.1%), from €199,912 to €89,831
- Reserves +€62,793
up €62,793 (+8.2%), from €761,622 to €824,415
- Other debts +€22,774
up €22,774 (+12.1%), from €188,088 to €210,862
Income statement
- Depreciation +€8,815
up €8,815 (+89.7%), from €9,827 to €18,642
- Gross operating margin +€6,750
up €6,750 (+5.7%), from €119,266 to €126,017
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€130,402
Gross operating margin
+€6,750
Depreciation
-€8,815
Other operating charges
-€307
Financial income
+€232
Financial charges
+€1,007
Taxes
+€354
Result 2025
€129,624
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€166,785
Investment
€0
Financing
-€166,597
Cash 2024
€13,794
From operations (derived)
+€166,785
Net result for the year
+€129,624
Depreciation
+€18,642
Receivables within one year
-€2
Deferred charges and accrued income
-€915
Trade debts
+€2,349
Tax, wage and social debts
-€6,726
Other debts
+€22,774
Accrued charges and deferred income
+€1,038
Financing
-€166,597
Debts after one year
-€110,080
Current portion of long-term debt
+€3,592
Short-term financial debts
+€6,723
Contributions, distributions and other
-€66,831
Cash 2025
€13,982
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,312,387 | €1,294,849 | -€17,538 | -1.3% |
| Fixed assets | 21/28 | €1,248,720 | €1,230,078 | -€18,642 | -1.5% |
| Tangible fixed assets | 22/27 | €48,482 | €29,839 | -€18,642 | -38.5% |
| Plant, machinery and equipment | 23 | €1,772 | €1,374 | -€398 | -22.4% |
| Furniture and vehicles | 24 | €46,710 | €28,465 | -€18,244 | -39.1% |
| Financial fixed assets | 28 | €1,200,238 | €1,200,238 | = | 0.0% |
| Current assets | 29/58 | €63,667 | €64,772 | +€1,105 | +1.7% |
| Amounts receivable within one year | 40/41 | €18,000 | €18,002 | +€2 | 0.0% |
| Trade receivables | 40 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Current investments | 50/53 | €29,700 | €29,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,794 | €13,982 | +€188 | +1.4% |
| Deferred charges and accrued income | 490/1 | €2,173 | €3,087 | +€915 | +42.1% |
| Total equity and liabilities | 10/49 | €1,312,387 | €1,294,849 | -€17,538 | -1.3% |
| Equity | 10/15 | €786,622 | €849,415 | +€62,793 | +8.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €761,622 | €824,415 | +€62,793 | +8.2% |
| Distributable reserves | 133 | €761,622 | €824,415 | +€62,793 | +8.2% |
| Amounts payable | 17/49 | €525,765 | €445,434 | -€80,331 | -15.3% |
| Amounts payable after more than one year | 17 | €199,912 | €89,831 | -€110,080 | -55.1% |
| Financial debts | 170/4 | €199,912 | €89,831 | -€110,080 | -55.1% |
| Amounts payable within one year | 42/48 | €319,721 | €348,432 | +€28,712 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €106,489 | €110,080 | +€3,592 | +3.4% |
| Financial debts | 43 | - | €6,723 | +€6,723 | |
| Credit institutions | 430/8 | - | €6,723 | +€6,723 | |
| Trade debts | 44 | €3,925 | €6,274 | +€2,349 | +59.9% |
| Suppliers | 440/4 | €3,925 | €6,274 | +€2,349 | +59.9% |
| Taxes, remuneration and social security | 45 | €21,219 | €14,493 | -€6,726 | -31.7% |
| Taxes | 450/3 | €21,219 | €14,154 | -€7,065 | -33.3% |
| Remuneration and social security | 454/9 | - | €339 | +€339 | |
| Other amounts payable | 47/48 | €188,088 | €210,862 | +€22,774 | +12.1% |
| Accrued charges and deferred income | 492/3 | €6,133 | €7,171 | +€1,038 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,827 | €18,642 | +€8,815 | +89.7% |
| Other operating charges | 640/8 | €1,608 | €1,915 | +€307 | +19.1% |
| Gross operating margin | 9900 | €119,266 | €126,017 | +€6,750 | +5.7% |
| Operating profit (loss) | 9901 | €107,831 | €105,459 | -€2,372 | -2.2% |
| Financial income | 75/76B | €74,300 | €74,533 | +€232 | +0.3% |
| Recurring financial income | 75 | €74,300 | €74,533 | +€232 | +0.3% |
| Financial charges | 65/66B | €19,939 | €18,931 | -€1,007 | -5.1% |
| Recurring financial charges | 65 | €19,939 | €18,931 | -€1,007 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €162,193 | €161,060 | -€1,133 | -0.7% |
| Income taxes | 67/77 | €31,791 | €31,437 | -€354 | -1.1% |
| Profit (loss) for the period | 9904 | €130,402 | €129,624 | -€779 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,402 | €129,624 | -€779 | -0.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.