Farmfeed: 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.
Farmfeed
Largest movements
- Cash +€87,141
up €87,141 (+18.6%), from €468,915 to €556,056
mainly Other debts (+€499,197) and Depreciation (+€468,284)
- Tangible fixed assets -€38,171
down €38,171 (-1.5%), from €2.5m to €2.4m
of which Plant, machinery and equipment: -€245,229
- Other debts +€499,197
up €499,197 (+363.6%), from €137,286 to €636,483
- Debts after one year -€180,000
down €180,000 (-19.4%), from €928,355 to €748,355
- Reserves -€111,258
down €111,258 (-8.0%), from €1.4m to €1.3m
of which Tax-exempt reserves: -€172,893
- Trade debts -€111,201
down €111,201 (-43.4%), from €256,443 to €145,242
- Provisions -€61,824
down €61,824 (-27.5%), from €225,056 to €163,232
- Gross operating margin -€157,463
down €157,463 (-33.7%), from €467,126 to €309,663
- Depreciation -€46,102
down €46,102 (-9.0%), from €514,386 to €468,284
- Financial charges -€9,962
down €9,962 (-40.9%), from €24,363 to €14,401
- Taxes +€5,820
up €5,820 (+237.7%), from €2,448 to €8,268
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 | €3,141,838 | €3,172,878 | +€31,040 | +1.0% |
| Fixed assets | 21/28 | €2,486,232 | €2,448,062 | -€38,171 | -1.5% |
| Tangible fixed assets | 22/27 | €2,481,475 | €2,443,305 | -€38,171 | -1.5% |
| Land and buildings | 22 | €1,688,127 | €1,965,632 | +€277,504 | +16.4% |
| Plant, machinery and equipment | 23 | €588,706 | €343,477 | -€245,229 | -41.7% |
| Furniture and vehicles | 24 | €204,643 | €134,196 | -€70,446 | -34.4% |
| Financial fixed assets | 28 | €4,757 | €4,757 | = | 0.0% |
| Current assets | 29/58 | €655,606 | €724,816 | +€69,211 | +10.6% |
| Stocks and contracts in progress | 3 | €97,096 | €83,830 | -€13,266 | -13.7% |
| Stocks | 30/36 | €97,096 | €83,830 | -€13,266 | -13.7% |
| Amounts receivable within one year | 40/41 | €83,412 | €75,531 | -€7,881 | -9.4% |
| Trade receivables | 40 | €76,395 | €61,469 | -€14,926 | -19.5% |
| Other amounts receivable | 41 | €7,017 | €14,062 | +€7,045 | +100.4% |
| Cash at bank and in hand | 54/58 | €468,915 | €556,056 | +€87,141 | +18.6% |
| Deferred charges and accrued income | 490/1 | €6,183 | €9,400 | +€3,217 | +52.0% |
| Total equity and liabilities | 10/49 | €3,141,838 | €3,172,878 | +€31,040 | +1.0% |
| Equity | 10/15 | €1,409,087 | €1,297,829 | -€111,258 | -7.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,390,537 | €1,279,279 | -€111,258 | -8.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €600,886 | €427,993 | -€172,893 | -28.8% |
| Distributable reserves | 133 | €789,651 | €851,287 | +€61,636 | +7.8% |
| Provisions and deferred taxes | 16 | €225,056 | €163,232 | -€61,824 | -27.5% |
| Deferred taxes | 168 | €225,056 | €163,232 | -€61,824 | -27.5% |
| Amounts payable | 17/49 | €1,507,695 | €1,711,817 | +€204,122 | +13.5% |
| Amounts payable after more than one year | 17 | €928,355 | €748,355 | -€180,000 | -19.4% |
| Financial debts | 170/4 | €928,355 | €748,355 | -€180,000 | -19.4% |
| Amounts payable within one year | 42/48 | €579,340 | €963,462 | +€384,122 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €180,000 | €180,000 | = | 0.0% |
| Trade debts | 44 | €256,443 | €145,242 | -€111,201 | -43.4% |
| Suppliers | 440/4 | €256,443 | €145,242 | -€111,201 | -43.4% |
| Taxes, remuneration and social security | 45 | €5,612 | €1,737 | -€3,875 | -69.0% |
| Taxes | 450/3 | €5,612 | €1,737 | -€3,875 | -69.0% |
| Other amounts payable | 47/48 | €137,286 | €636,483 | +€499,197 | +363.6% |
| Non-recurring operating income | 76A | €95,000 | €19,005 | -€75,995 | -80.0% |
| Remuneration, social security and pensions | 62 | €328 | €395 | +€67 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,386 | €468,284 | -€46,102 | -9.0% |
| Other operating charges | 640/8 | €6,872 | €8,086 | +€1,214 | +17.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €467,126 | €309,663 | -€157,463 | -33.7% |
| Operating profit (loss) | 9901 | -€54,460 | -€167,103 | -€112,643 | -206.8% |
| Financial income | 75/76B | €13,258 | €16,689 | +€3,432 | +25.9% |
| Recurring financial income | 75 | €13,258 | €16,689 | +€3,432 | +25.9% |
| Financial charges | 65/66B | €24,363 | €14,401 | -€9,962 | -40.9% |
| Recurring financial charges | 65 | €24,363 | €14,401 | -€9,962 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€65,565 | -€164,814 | -€99,249 | -151.4% |
| Transfer from deferred taxes | 780 | €49,721 | €61,824 | +€12,103 | +24.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,448 | €8,268 | +€5,820 | +237.7% |
| Profit (loss) for the period | 9904 | -€18,292 | -€111,258 | -€92,966 | -508.2% |
| Transfer from tax-exempt reserves | 789 | €128,596 | €172,893 | +€44,297 | +34.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €110,304 | €61,636 | -€48,669 | -44.1% |
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 1 October 2026 via checked.be.