FarmaST: 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.
FarmaST
Largest movements
- Cash +€34,466
up €34,466 (+59.0%), from €58,422 to €92,888
mainly Net result for the year (+€34,253) and Tax, wage and social debts (+€2,255)
- Reserves +€34,253
up €34,253 (+58.8%), from €58,302 to €92,555
- Tax, wage and social debts +€2,255
up €2,255 (+45.5%), from €4,957 to €7,212
of which Taxes: +€2,255
- Gross operating margin -€885
down €885 (-2.0%), from €44,849 to €43,964
- Depreciation +€520
new in 2025: €520
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 | €70,918 | €107,177 | +€36,259 | +51.1% |
| Fixed assets | 21/28 | - | €1,061 | +€1,061 | |
| Tangible fixed assets | 22/27 | - | €1,061 | +€1,061 | |
| Furniture and vehicles | 24 | - | €1,061 | +€1,061 | |
| Current assets | 29/58 | €70,918 | €106,116 | +€35,197 | +49.6% |
| Amounts receivable within one year | 40/41 | €12,448 | €13,165 | +€717 | +5.8% |
| Trade receivables | 40 | €10,322 | €11,717 | +€1,395 | +13.5% |
| Other amounts receivable | 41 | €2,126 | €1,448 | -€678 | -31.9% |
| Cash at bank and in hand | 54/58 | €58,422 | €92,888 | +€34,466 | +59.0% |
| Deferred charges and accrued income | 490/1 | €48 | €62 | +€14 | +29.3% |
| Total equity and liabilities | 10/49 | €70,918 | €107,177 | +€36,259 | +51.1% |
| Equity | 10/15 | €62,302 | €96,555 | +€34,253 | +55.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €58,302 | €92,555 | +€34,253 | +58.8% |
| Distributable reserves | 133 | €58,302 | €92,555 | +€34,253 | +58.8% |
| Amounts payable | 17/49 | €8,616 | €10,622 | +€2,006 | +23.3% |
| Amounts payable within one year | 42/48 | €6,845 | €8,757 | +€1,912 | +27.9% |
| Trade debts | 44 | €1,790 | €1,461 | -€329 | -18.4% |
| Suppliers | 440/4 | €1,790 | €1,461 | -€329 | -18.4% |
| Taxes, remuneration and social security | 45 | €4,957 | €7,212 | +€2,255 | +45.5% |
| Taxes | 450/3 | €2,980 | €5,235 | +€2,255 | +75.7% |
| Remuneration and social security | 454/9 | €1,977 | €1,977 | = | 0.0% |
| Other amounts payable | 47/48 | €98 | €84 | -€14 | -14.7% |
| Accrued charges and deferred income | 492/3 | €1,771 | €1,865 | +€94 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €520 | +€520 | |
| Other operating charges | 640/8 | €62 | €62 | +€0 | +0.4% |
| Gross operating margin | 9900 | €44,849 | €43,964 | -€885 | -2.0% |
| Operating profit (loss) | 9901 | €44,787 | €43,382 | -€1,405 | -3.1% |
| Financial income | 75/76B | €98 | €227 | +€129 | +132% |
| Recurring financial income | 75 | €98 | €227 | +€129 | +132% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €44,846 | €43,568 | -€1,277 | -2.8% |
| Income taxes | 67/77 | €9,561 | €9,316 | -€245 | -2.6% |
| Profit (loss) for the period | 9904 | €35,285 | €34,253 | -€1,032 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,285 | €34,253 | -€1,032 | -2.9% |
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.