FARMEKA: 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.
FARMEKA
Largest movements
- Tangible fixed assets +€189,338
up €189,338 (+76.9%), from €246,354 to €435,691
of which Other tangible fixed assets: +€191,900
- Cash -€27,305
down €27,305 (-27.8%), from €98,060 to €70,755
mainly Investment in fixed assets (net) (-€202,066) and Other debts (-€16,853)
- Debts after one year +€165,652
up €165,652 (+115%), from €144,210 to €309,862
- Trade debts +€25,117
up €25,117 (+16.1%), from €156,461 to €181,578
- Other debts -€16,853
down €16,853 (-15.4%), from €109,694 to €92,841
- Reserves -€12,514
down €12,514 (-4.2%), from €297,394 to €284,880
of which Distributable reserves: -€12,514
- Gross operating margin -€23,734
down €23,734 (-71.2%), from €33,312 to €9,578
- Taxes -€4,230
down €4,230 (-93.4%), from €4,529 to €300
- Depreciation +€699
up €699 (+5.8%), from €12,029 to €12,728
- Financial charges -€362
down €362 (-5.2%), from €6,980 to €6,617
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 | €977,132 | €1,139,402 | +€162,271 | +16.6% |
| Fixed assets | 21/28 | €874,623 | €1,063,961 | +€189,338 | +21.6% |
| Tangible fixed assets | 22/27 | €246,354 | €435,691 | +€189,338 | +76.9% |
| Land and buildings | 22 | €234,172 | €226,673 | -€7,499 | -3.2% |
| Plant, machinery and equipment | 23 | - | €1,744 | +€1,744 | |
| Furniture and vehicles | 24 | €306 | €3,498 | +€3,192 | +1,044% |
| Other tangible fixed assets | 26 | €11,876 | €203,776 | +€191,900 | +1,616% |
| Financial fixed assets | 28 | €628,270 | €628,270 | = | 0.0% |
| Current assets | 29/58 | €102,508 | €75,442 | -€27,067 | -26.4% |
| Amounts receivable within one year | 40/41 | €3,775 | €3,939 | +€164 | +4.3% |
| Trade receivables | 40 | €3,775 | €2,755 | -€1,020 | -27.0% |
| Other amounts receivable | 41 | - | €1,184 | +€1,184 | |
| Cash at bank and in hand | 54/58 | €98,060 | €70,755 | -€27,305 | -27.8% |
| Deferred charges and accrued income | 490/1 | €673 | €747 | +€74 | +11.0% |
| Total equity and liabilities | 10/49 | €977,132 | €1,139,402 | +€162,271 | +16.6% |
| Equity | 10/15 | €491,711 | €479,196 | -€12,514 | -2.5% |
| Contributions | 10/11 | €194,317 | €194,317 | = | 0.0% |
| Capital | 10 | €194,317 | €194,317 | = | 0.0% |
| Issued capital | 100 | €194,317 | €194,317 | = | 0.0% |
| Reserves | 13 | €297,394 | €284,880 | -€12,514 | -4.2% |
| Non-distributable reserves | 130/1 | €17,576 | €17,576 | = | 0.0% |
| Legal reserve | 130 | €17,576 | €17,576 | = | 0.0% |
| Distributable reserves | 133 | €279,818 | €267,304 | -€12,514 | -4.5% |
| Provisions and deferred taxes | 16 | €43,676 | €43,676 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €43,676 | €43,676 | = | 0.0% |
| Pensions and similar obligations | 160 | €43,676 | €43,676 | = | 0.0% |
| Amounts payable | 17/49 | €441,744 | €616,530 | +€174,785 | +39.6% |
| Amounts payable after more than one year | 17 | €144,210 | €309,862 | +€165,652 | +115% |
| Financial debts | 170/4 | €144,210 | €309,862 | +€165,652 | +115% |
| Amounts payable within one year | 42/48 | €296,449 | €305,576 | +€9,127 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €20,248 | €30,348 | +€10,100 | +49.9% |
| Trade debts | 44 | €156,461 | €181,578 | +€25,117 | +16.1% |
| Suppliers | 440/4 | €156,461 | €181,578 | +€25,117 | +16.1% |
| Taxes, remuneration and social security | 45 | €10,046 | €810 | -€9,236 | -91.9% |
| Taxes | 450/3 | €10,046 | €810 | -€9,236 | -91.9% |
| Other amounts payable | 47/48 | €109,694 | €92,841 | -€16,853 | -15.4% |
| Accrued charges and deferred income | 492/3 | €1,085 | €1,091 | +€6 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,029 | €12,728 | +€699 | +5.8% |
| Other operating charges | 640/8 | €2,783 | €2,886 | +€102 | +3.7% |
| Gross operating margin | 9900 | €33,312 | €9,578 | -€23,734 | -71.2% |
| Operating profit (loss) | 9901 | €18,499 | -€6,036 | -€24,535 | |
| Financial income | 75/76B | €461 | €438 | -€23 | -4.9% |
| Recurring financial income | 75 | €461 | €438 | -€23 | -4.9% |
| Financial charges | 65/66B | €6,980 | €6,617 | -€362 | -5.2% |
| Recurring financial charges | 65 | €6,980 | €6,617 | -€362 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €11,980 | -€12,215 | -€24,195 | |
| Income taxes | 67/77 | €4,529 | €300 | -€4,230 | -93.4% |
| Profit (loss) for the period | 9904 | €7,451 | -€12,514 | -€19,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,451 | -€12,514 | -€19,966 |
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 26 October 2026 via checked.be.