FARMASTEF: what changed
Two fiscal 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.
FARMASTEF
Largest movements
- Receivables within one year -€69,930
down €69,930 (-82.6%), from €84,622 to €14,691
of which Other amounts receivable: -€69,495
- Tangible fixed assets +€65,437
up €65,437 (+6930.0%), from €944 to €66,381
of which Furniture and vehicles: +€65,816
- Cash +€51,241
up €51,241 (+232.2%), from €22,064 to €73,305
mainly Receivables within one year (+€69,930) and Net result for the year (+€42,676)
- Reserves +€42,676
up €42,676 (+15.4%), from €276,450 to €319,126
- Debts after one year +€20,559
new in 2025: €20,559
- Current portion of long-term debt -€16,666
down €16,666 (-60.9%), from €27,359 to €10,693
- Tax, wage and social debts -€13,033
down €13,033 (-100.0%), from €13,033 to €0
of which Taxes: -€12,603
- Short-term financial debts +€7,526
up €7,526 (+66.6%), from €11,296 to €18,822
- Gross operating margin -€25,121
down €25,121 (-27.2%), from €92,422 to €67,300
- Taxes -€8,738
down €8,738 (-34.3%), from €25,509 to €16,771
- Depreciation +€7,224
up €7,224 (+1905.8%), from €379 to €7,603
- Financial income +€1,339
up €1,339 (+151.9%), from €882 to €2,220
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 | €634,239 | €677,098 | +€42,859 | +6.8% |
| Fixed assets | 21/28 | €490,391 | €555,828 | +€65,437 | +13.3% |
| Tangible fixed assets | 22/27 | €944 | €66,381 | +€65,437 | +6930.0% |
| Plant, machinery and equipment | 23 | €944 | €565 | -€379 | -40.1% |
| Furniture and vehicles | 24 | - | €65,816 | +€65,816 | |
| Financial fixed assets | 28 | €489,447 | €489,447 | = | 0.0% |
| Current assets | 29/58 | €143,848 | €121,270 | -€22,578 | -15.7% |
| Amounts receivable within one year | 40/41 | €84,622 | €14,691 | -€69,930 | -82.6% |
| Trade receivables | 40 | €436 | - | -€436 | |
| Other amounts receivable | 41 | €84,186 | €14,691 | -€69,495 | -82.5% |
| Current investments | 50/53 | €34,083 | €29,157 | -€4,927 | -14.5% |
| Cash at bank and in hand | 54/58 | €22,064 | €73,305 | +€51,241 | +232.2% |
| Deferred charges and accrued income | 490/1 | €3,079 | €4,117 | +€1,038 | +33.7% |
| Total equity and liabilities | 10/49 | €634,239 | €677,098 | +€42,859 | +6.8% |
| Equity | 10/15 | €532,338 | €575,014 | +€42,676 | +8.0% |
| Contributions | 10/11 | €212,400 | €212,400 | = | 0.0% |
| Reserves | 13 | €276,450 | €319,126 | +€42,676 | +15.4% |
| Distributable reserves | 133 | €276,450 | €319,126 | +€42,676 | +15.4% |
| Profit (loss) carried forward | 14 | €43,488 | €43,488 | = | 0.0% |
| Amounts payable | 17/49 | €101,901 | €102,084 | +€183 | +0.2% |
| Amounts payable after more than one year | 17 | - | €20,559 | +€20,559 | |
| Financial debts | 170/4 | - | €20,559 | +€20,559 | |
| Amounts payable within one year | 42/48 | €99,048 | €77,587 | -€21,461 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €27,359 | €10,693 | -€16,666 | -60.9% |
| Financial debts | 43 | €11,296 | €18,822 | +€7,526 | +66.6% |
| Credit institutions | 430/8 | €11,296 | €18,822 | +€7,526 | +66.6% |
| Trade debts | 44 | €762 | €1,685 | +€923 | +121.1% |
| Suppliers | 440/4 | €762 | €1,685 | +€923 | +121.1% |
| Taxes, remuneration and social security | 45 | €13,033 | €0 | -€13,033 | -100.0% |
| Taxes | 450/3 | €12,604 | €0 | -€12,603 | -100.0% |
| Remuneration and social security | 454/9 | €430 | - | -€430 | |
| Other amounts payable | 47/48 | €46,596 | €46,386 | -€210 | -0.5% |
| Accrued charges and deferred income | 492/3 | €2,854 | €3,938 | +€1,084 | +38.0% |
| Non-recurring operating income | 76A | €2,677 | - | -€2,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379 | €7,603 | +€7,224 | +1905.8% |
| Other operating charges | 640/8 | €1,634 | €1,386 | -€248 | -15.2% |
| Gross operating margin | 9900 | €92,422 | €67,300 | -€25,121 | -27.2% |
| Operating profit (loss) | 9901 | €90,408 | €58,312 | -€32,097 | -35.5% |
| Financial income | 75/76B | €882 | €2,220 | +€1,339 | +151.9% |
| Recurring financial income | 75 | €882 | €2,220 | +€1,339 | +151.9% |
| Financial charges | 65/66B | €1,334 | €1,085 | -€249 | -18.7% |
| Recurring financial charges | 65 | €1,334 | €1,085 | -€249 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €89,956 | €59,447 | -€30,509 | -33.9% |
| Income taxes | 67/77 | €25,509 | €16,771 | -€8,738 | -34.3% |
| Profit (loss) for the period | 9904 | €64,447 | €42,676 | -€21,771 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,447 | €42,676 | -€21,771 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.