FARMASO: 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.
FARMASO
Largest movements
- Cash +€31,134
up €31,134 (+28.0%), from €111,038 to €142,172
mainly Net result for the year (+€22,982) and Investment in fixed assets (net) (+€14,167)
- Receivables within one year +€23,355
up €23,355 (+269.7%), from €8,659 to €32,014
of which Trade receivables: +€13,792
- Financial fixed assets -€14,167
down €14,167 (-16.7%), from €85,000 to €70,833
- Receivables after one year -€10,000
down €10,000 (-17.2%), from €58,000 to €48,000
- Reserves +€22,982
up €22,982 (+9.7%), from €237,672 to €260,654
- Tax, wage and social debts +€6,212
up €6,212 (+84.7%), from €7,334 to €13,546
- Gross operating margin +€8,755
up €8,755 (+29.6%), from €29,587 to €38,342
- Financial charges +€3,780
up €3,780 (+2882.2%), from €131 to €3,911
- Taxes +€2,404
up €2,404 (+30.3%), from €7,921 to €10,325
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.
Cash bridge derived
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 | €264,207 | €293,804 | +€29,598 | +11.2% |
| Fixed assets | 21/28 | €86,509 | €71,314 | -€15,196 | -17.6% |
| Tangible fixed assets | 22/27 | €1,509 | €480 | -€1,029 | -68.2% |
| Furniture and vehicles | 24 | €1,509 | €480 | -€1,029 | -68.2% |
| Financial fixed assets | 28 | €85,000 | €70,833 | -€14,167 | -16.7% |
| Current assets | 29/58 | €177,697 | €222,490 | +€44,793 | +25.2% |
| Amounts receivable after more than one year | 29 | €58,000 | €48,000 | -€10,000 | -17.2% |
| Other amounts receivable | 291 | €58,000 | €48,000 | -€10,000 | -17.2% |
| Amounts receivable within one year | 40/41 | €8,659 | €32,014 | +€23,355 | +269.7% |
| Trade receivables | 40 | €8,198 | €21,990 | +€13,792 | +168.2% |
| Other amounts receivable | 41 | €461 | €10,024 | +€9,563 | +2073.6% |
| Cash at bank and in hand | 54/58 | €111,038 | €142,172 | +€31,134 | +28.0% |
| Deferred charges and accrued income | 490/1 | - | €304 | +€304 | |
| Total equity and liabilities | 10/49 | €264,207 | €293,804 | +€29,598 | +11.2% |
| Equity | 10/15 | €256,272 | €279,254 | +€22,982 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €237,672 | €260,654 | +€22,982 | +9.7% |
| Distributable reserves | 133 | €237,672 | €260,654 | +€22,982 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,935 | €14,550 | +€6,616 | +83.4% |
| Amounts payable within one year | 42/48 | €7,935 | €14,550 | +€6,616 | +83.4% |
| Trade debts | 44 | €601 | €1,005 | +€404 | +67.2% |
| Suppliers | 440/4 | €601 | €1,005 | +€404 | +67.2% |
| Taxes, remuneration and social security | 45 | €7,334 | €13,546 | +€6,212 | +84.7% |
| Taxes | 450/3 | €7,334 | €13,546 | +€6,212 | +84.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €1,029 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €29,587 | €38,342 | +€8,755 | +29.6% |
| Operating profit (loss) | 9901 | €28,170 | €36,913 | +€8,743 | +31.0% |
| Financial income | 75/76B | - | €304 | +€304 | |
| Recurring financial income | 75 | - | €304 | +€304 | |
| Financial charges | 65/66B | €131 | €3,911 | +€3,780 | +2882.2% |
| Recurring financial charges | 65 | €131 | €3,911 | +€3,780 | +2882.2% |
| Profit (loss) for the period before taxes | 9903 | €28,039 | €33,307 | +€5,268 | +18.8% |
| Income taxes | 67/77 | €7,921 | €10,325 | +€2,404 | +30.3% |
| Profit (loss) for the period | 9904 | €20,118 | €22,982 | +€2,864 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,118 | €22,982 | +€2,864 | +14.2% |
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 9 October 2026 via checked.be.