FARMAPHAR: 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.
FARMAPHAR
Largest movements
- Current investments -€290,000
no longer reported in 2025 (was €290,000)
- Receivables within one year +€28,121
up €28,121 (+47.9%), from €58,741 to €86,862
of which Trade receivables: +€40,876
- Deferred charges and accrued income -€10,853
down €10,853 (-78.6%), from €13,817 to €2,963
- Tangible fixed assets -€9,736
down €9,736 (-6.0%), from €161,643 to €151,907
of which Land and buildings: -€6,751
- Other debts -€203,493
down €203,493 (-28.9%), from €704,211 to €500,718
- Reserves -€75,000
down €75,000 (-72.6%), from €103,289 to €28,289
- Trade debts +€23,935
up €23,935 (+54.8%), from €43,684 to €67,620
- Accrued charges and deferred income -€23,576
down €23,576 (-89.9%), from €26,230 to €2,654
- Gross operating margin +€68,812
up €68,812 (+38.1%), from €180,624 to €249,436
- Staff costs +€41,019
up €41,019 (+65.8%), from €62,385 to €103,404
- Financial charges -€33,686
down €33,686 (-70.4%), from €47,847 to €14,161
- Taxes +€15,569
up €15,569 (+91.7%), from €16,983 to €32,552
- Financial income +€3,480
up €3,480 (+83.7%), from €4,156 to €7,636
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 | €909,307 | €634,998 | -€274,309 | -30.2% |
| Fixed assets | 21/28 | €161,643 | €151,907 | -€9,736 | -6.0% |
| Tangible fixed assets | 22/27 | €161,643 | €151,907 | -€9,736 | -6.0% |
| Land and buildings | 22 | €153,247 | €146,496 | -€6,751 | -4.4% |
| Plant, machinery and equipment | 23 | €2,098 | €1,538 | -€559 | -26.7% |
| Furniture and vehicles | 24 | €3,821 | €2,239 | -€1,582 | -41.4% |
| Other tangible fixed assets | 26 | €2,476 | €1,633 | -€843 | -34.0% |
| Current assets | 29/58 | €747,665 | €483,092 | -€264,573 | -35.4% |
| Stocks and contracts in progress | 3 | €103,708 | €106,795 | +€3,088 | +3.0% |
| Stocks | 30/36 | €103,708 | €106,795 | +€3,088 | +3.0% |
| Amounts receivable within one year | 40/41 | €58,741 | €86,862 | +€28,121 | +47.9% |
| Trade receivables | 40 | €44,206 | €85,081 | +€40,876 | +92.5% |
| Other amounts receivable | 41 | €14,535 | €1,780 | -€12,755 | -87.8% |
| Current investments | 50/53 | €290,000 | - | -€290,000 | |
| Cash at bank and in hand | 54/58 | €281,399 | €286,471 | +€5,072 | +1.8% |
| Deferred charges and accrued income | 490/1 | €13,817 | €2,963 | -€10,853 | -78.6% |
| Total equity and liabilities | 10/49 | €909,307 | €634,998 | -€274,309 | -30.2% |
| Equity | 10/15 | €121,889 | €46,889 | -€75,000 | -61.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,289 | €28,289 | -€75,000 | -72.6% |
| Distributable reserves | 133 | €103,289 | €28,289 | -€75,000 | -72.6% |
| Amounts payable | 17/49 | €787,419 | €588,110 | -€199,309 | -25.3% |
| Amounts payable within one year | 42/48 | €761,189 | €585,456 | -€175,733 | -23.1% |
| Trade debts | 44 | €43,684 | €67,620 | +€23,935 | +54.8% |
| Suppliers | 440/4 | €43,684 | €67,620 | +€23,935 | +54.8% |
| Taxes, remuneration and social security | 45 | €13,293 | €17,118 | +€3,825 | +28.8% |
| Taxes | 450/3 | €9,968 | €4,642 | -€5,325 | -53.4% |
| Remuneration and social security | 454/9 | €3,326 | €12,476 | +€9,150 | +275% |
| Other amounts payable | 47/48 | €704,211 | €500,718 | -€203,493 | -28.9% |
| Accrued charges and deferred income | 492/3 | €26,230 | €2,654 | -€23,576 | -89.9% |
| Remuneration, social security and pensions | 62 | €62,385 | €103,404 | +€41,019 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,921 | €9,736 | +€814 | +9.1% |
| Other operating charges | 640/8 | €956 | €805 | -€150 | -15.7% |
| Gross operating margin | 9900 | €180,624 | €249,436 | +€68,812 | +38.1% |
| Operating profit (loss) | 9901 | €108,362 | €135,490 | +€27,129 | +25.0% |
| Financial income | 75/76B | €4,156 | €7,636 | +€3,480 | +83.7% |
| Recurring financial income | 75 | €4,156 | €7,636 | +€3,480 | +83.7% |
| Financial charges | 65/66B | €47,847 | €14,161 | -€33,686 | -70.4% |
| Recurring financial charges | 65 | €47,847 | €14,161 | -€33,686 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €64,671 | €128,966 | +€64,295 | +99.4% |
| Income taxes | 67/77 | €16,983 | €32,552 | +€15,569 | +91.7% |
| Profit (loss) for the period | 9904 | €47,688 | €96,414 | +€48,726 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €47,688 | €96,414 | +€48,726 | +102% |
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 16 October 2026 via checked.be.