Farmave: 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.
Farmave
Largest movements
- Tangible fixed assets +€254,873
up €254,873 (+113.8%), from €223,976 to €478,849
of which Land and buildings: +€195,903
- Intangible fixed assets -€37,083
down €37,083 (-25.0%), from €148,332 to €111,249
- Debts after one year +€188,697
up €188,697 (+65.3%), from €289,167 to €477,864
- Current portion of long-term debt +€39,381
up €39,381 (+81.5%), from €48,333 to €87,714
- Depreciation -€7,050
down €7,050 (-11.4%), from €61,980 to €54,930
- Gross operating margin -€4,168
down €4,168 (-6.4%), from €65,569 to €61,401
- Financial charges +€3,383
up €3,383 (+41.5%), from €8,142 to €11,525
- Other operating charges +€1,237
up €1,237 (+75.0%), from €1,650 to €2,888
- Financial income +€898
up €898 (+62.4%), from €1,440 to €2,338
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 | €417,343 | €636,950 | +€219,607 | +52.6% |
| Fixed assets | 21/28 | €372,308 | €590,098 | +€217,790 | +58.5% |
| Intangible fixed assets | 21 | €148,332 | €111,249 | -€37,083 | -25.0% |
| Tangible fixed assets | 22/27 | €223,976 | €478,849 | +€254,873 | +113.8% |
| Land and buildings | 22 | €204,528 | €400,431 | +€195,903 | +95.8% |
| Plant, machinery and equipment | 23 | €9,783 | €71,374 | +€61,591 | +629.6% |
| Furniture and vehicles | 24 | €9,666 | €7,044 | -€2,622 | -27.1% |
| Current assets | 29/58 | €45,035 | €46,852 | +€1,817 | +4.0% |
| Amounts receivable within one year | 40/41 | €37,665 | €33,888 | -€3,777 | -10.0% |
| Other amounts receivable | 41 | €37,665 | €33,888 | -€3,777 | -10.0% |
| Cash at bank and in hand | 54/58 | €7,370 | €12,964 | +€5,594 | +75.9% |
| Total equity and liabilities | 10/49 | €417,343 | €636,950 | +€219,607 | +52.6% |
| Equity | 10/15 | €69,903 | €64,300 | -€5,604 | -8.0% |
| Contributions | 10/11 | €57,227 | €57,227 | = | 0.0% |
| Reserves | 13 | €12,676 | €7,072 | -€5,604 | -44.2% |
| Tax-exempt reserves | 132 | €879 | €879 | = | 0.0% |
| Distributable reserves | 133 | €11,797 | €6,194 | -€5,604 | -47.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €347,440 | €572,650 | +€225,210 | +64.8% |
| Amounts payable after more than one year | 17 | €289,167 | €477,864 | +€188,697 | +65.3% |
| Financial debts | 170/4 | €289,167 | €477,864 | +€188,697 | +65.3% |
| Amounts payable within one year | 42/48 | €58,273 | €94,786 | +€36,513 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €48,333 | €87,714 | +€39,381 | +81.5% |
| Trade debts | 44 | €9,940 | €7,072 | -€2,868 | -28.9% |
| Suppliers | 440/4 | €9,940 | €7,072 | -€2,868 | -28.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,980 | €54,930 | -€7,050 | -11.4% |
| Other operating charges | 640/8 | €1,650 | €2,888 | +€1,237 | +75.0% |
| Gross operating margin | 9900 | €65,569 | €61,401 | -€4,168 | -6.4% |
| Operating profit (loss) | 9901 | €1,938 | €3,583 | +€1,645 | +84.9% |
| Financial income | 75/76B | €1,440 | €2,338 | +€898 | +62.4% |
| Recurring financial income | 75 | €1,440 | €2,338 | +€898 | +62.4% |
| Financial charges | 65/66B | €8,142 | €11,525 | +€3,383 | +41.5% |
| Recurring financial charges | 65 | €8,142 | €11,525 | +€3,383 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,764 | -€5,604 | -€840 | -17.6% |
| Profit (loss) for the period | 9904 | -€4,764 | -€5,604 | -€840 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,764 | -€5,604 | -€840 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.