Farmelis: 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.
Farmelis
Largest movements
- Current investments -€69,697
down €69,697 (-18.9%), from €368,000 to €298,303
- Receivables within one year +€50,962
up €50,962 (+236%), from €21,638 to €72,600
of which Trade receivables: +€51,700
- Cash -€12,433
down €12,433 (-19.7%), from €62,982 to €50,549
mainly Contributions, distributions and other (-€189,007) and Receivables within one year (-€50,962)
- Reserves -€58,159
down €58,159 (-17.4%), from €333,539 to €275,380
- Other debts +€22,359
up €22,359 (+20.4%), from €109,751 to €132,109
- Tax, wage and social debts +€10,477
up €10,477 (+53.1%), from €19,737 to €30,214
- Gross operating margin +€10,987
up €10,987 (+7.3%), from €150,046 to €161,033
- Financial income +€9,990
new in 2025: €9,990
- Depreciation -€4,718
down €4,718 (-60.4%), from €7,813 to €3,094
- Taxes +€4,222
up €4,222 (+13.3%), from €31,663 to €35,885
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 | €466,253 | €440,234 | -€26,019 | -5.6% |
| Fixed assets | 21/28 | €10,679 | €11,344 | +€665 | +6.2% |
| Tangible fixed assets | 22/27 | €10,679 | €11,344 | +€665 | +6.2% |
| Plant, machinery and equipment | 23 | €529 | €3,435 | +€2,906 | +549% |
| Furniture and vehicles | 24 | €3,215 | €2,664 | -€551 | -17.1% |
| Other tangible fixed assets | 26 | €6,935 | €5,245 | -€1,690 | -24.4% |
| Current assets | 29/58 | €455,574 | €428,890 | -€26,684 | -5.9% |
| Amounts receivable within one year | 40/41 | €21,638 | €72,600 | +€50,962 | +236% |
| Trade receivables | 40 | €20,900 | €72,600 | +€51,700 | +247% |
| Other amounts receivable | 41 | €738 | - | -€738 | |
| Current investments | 50/53 | €368,000 | €298,303 | -€69,697 | -18.9% |
| Cash at bank and in hand | 54/58 | €62,982 | €50,549 | -€12,433 | -19.7% |
| Deferred charges and accrued income | 490/1 | €2,955 | €7,438 | +€4,484 | +152% |
| Total equity and liabilities | 10/49 | €466,253 | €440,234 | -€26,019 | -5.6% |
| Equity | 10/15 | €335,039 | €276,880 | -€58,159 | -17.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €333,539 | €275,380 | -€58,159 | -17.4% |
| Distributable reserves | 133 | €333,539 | €275,380 | -€58,159 | -17.4% |
| Amounts payable | 17/49 | €131,213 | €163,354 | +€32,141 | +24.5% |
| Amounts payable within one year | 42/48 | €131,213 | €163,354 | +€32,141 | +24.5% |
| Trade debts | 44 | €1,725 | €1,031 | -€695 | -40.3% |
| Suppliers | 440/4 | €1,725 | €1,031 | -€695 | -40.3% |
| Taxes, remuneration and social security | 45 | €19,737 | €30,214 | +€10,477 | +53.1% |
| Taxes | 450/3 | €19,737 | €30,214 | +€10,477 | +53.1% |
| Other amounts payable | 47/48 | €109,751 | €132,109 | +€22,359 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,813 | €3,094 | -€4,718 | -60.4% |
| Other operating charges | 640/8 | €722 | €1,101 | +€379 | +52.5% |
| Gross operating margin | 9900 | €150,046 | €161,033 | +€10,987 | +7.3% |
| Operating profit (loss) | 9901 | €141,511 | €156,837 | +€15,326 | +10.8% |
| Financial income | 75/76B | - | €9,990 | +€9,990 | |
| Recurring financial income | 75 | - | €9,990 | +€9,990 | |
| Financial charges | 65/66B | €98 | €95 | -€3 | -3.0% |
| Recurring financial charges | 65 | €98 | €95 | -€3 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €141,413 | €166,732 | +€25,319 | +17.9% |
| Income taxes | 67/77 | €31,663 | €35,885 | +€4,222 | +13.3% |
| Profit (loss) for the period | 9904 | €109,751 | €130,848 | +€21,097 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,751 | €130,848 | +€21,097 | +19.2% |
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 21 October 2026 via checked.be.