Farmax: 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.
Farmax
Largest movements
- Receivables within one year +€93,366
up €93,366 (+112.7%), from €82,817 to €176,183
of which Other amounts receivable: +€64,667
- Deferred charges and accrued income +€19,193
new in 2025: €19,193
- Cash +€6,814
up €6,814 (+70.3%), from €9,690 to €16,504
mainly Net result for the year (+€53,833) and Trade debts (+€36,494)
- Reserves +€53,833
up €53,833 (+60.2%), from €89,421 to €143,254
of which Distributable reserves: +€53,833
- Trade debts +€36,494
up €36,494 (+380.2%), from €9,599 to €46,093
- Tax, wage and social debts +€29,045
up €29,045 (+165.3%), from €17,571 to €46,616
of which Taxes: +€31,025
- Gross operating margin +€29,637
up €29,637 (+118.6%), from €24,980 to €54,617
- Taxes -€7,375
no longer reported in 2025 (was €7,375)
- Depreciation -€1,160
no longer reported in 2025 (was €1,160)
- Other operating charges -€619
down €619 (-51.8%), from €1,195 to €576
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 | €128,990 | €248,363 | +€119,373 | +92.5% |
| Fixed assets | 21/28 | €4,761 | €4,761 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,761 | €4,761 | = | 0.0% |
| Land and buildings | 22 | €4,219 | €4,219 | = | 0.0% |
| Furniture and vehicles | 24 | €542 | €542 | = | 0.0% |
| Current assets | 29/58 | €124,229 | €243,602 | +€119,373 | +96.1% |
| Stocks and contracts in progress | 3 | €31,722 | €31,722 | = | 0.0% |
| Stocks | 30/36 | €31,722 | €31,722 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,817 | €176,183 | +€93,366 | +112.7% |
| Trade receivables | 40 | €79,397 | €108,096 | +€28,698 | +36.1% |
| Other amounts receivable | 41 | €3,420 | €68,087 | +€64,667 | +1890.9% |
| Cash at bank and in hand | 54/58 | €9,690 | €16,504 | +€6,814 | +70.3% |
| Deferred charges and accrued income | 490/1 | - | €19,193 | +€19,193 | |
| Total equity and liabilities | 10/49 | €128,990 | €248,363 | +€119,373 | +92.5% |
| Equity | 10/15 | €101,821 | €155,654 | +€53,833 | +52.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,421 | €143,254 | +€53,833 | +60.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,561 | €141,394 | +€53,833 | +61.5% |
| Amounts payable | 17/49 | €27,170 | €92,709 | +€65,540 | +241.2% |
| Amounts payable within one year | 42/48 | €27,170 | €92,709 | +€65,540 | +241.2% |
| Trade debts | 44 | €9,599 | €46,093 | +€36,494 | +380.2% |
| Suppliers | 440/4 | €9,599 | €46,093 | +€36,494 | +380.2% |
| Taxes, remuneration and social security | 45 | €17,571 | €46,616 | +€29,045 | +165.3% |
| Taxes | 450/3 | €15,591 | €46,616 | +€31,025 | +199.0% |
| Remuneration and social security | 454/9 | €1,980 | - | -€1,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | - | -€1,160 | |
| Other operating charges | 640/8 | €1,195 | €576 | -€619 | -51.8% |
| Gross operating margin | 9900 | €24,980 | €54,617 | +€29,637 | +118.6% |
| Operating profit (loss) | 9901 | €22,625 | €54,041 | +€31,415 | +138.9% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €141 | €208 | +€67 | +47.2% |
| Recurring financial charges | 65 | €141 | €208 | +€67 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €22,491 | €53,833 | +€31,342 | +139.4% |
| Income taxes | 67/77 | €7,375 | - | -€7,375 | |
| Profit (loss) for the period | 9904 | €15,116 | €53,833 | +€38,717 | +256.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,116 | €53,833 | +€38,717 | +256.1% |
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 11 October 2026 via checked.be.