FARMIBEL: 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.
FARMIBEL
Largest movements
- Receivables within one year -€712,477
down €712,477 (-73.0%), from €976,638 to €264,161
of which Trade receivables: -€583,068
- Stocks and contracts +€183,056
up €183,056 (+7.6%), from €2.4m to €2.6m
- Tangible fixed assets -€68,783
down €68,783 (-24.5%), from €280,248 to €211,465
of which Land and buildings: -€55,202
- Short-term financial debts -€600,000
down €600,000 (-22.6%), from €2.7m to €2.1m
- Trade debts +€223,212
up €223,212 (+137%), from €162,458 to €385,670
- Tax, wage and social debts -€208,733
down €208,733 (-80.9%), from €258,060 to €49,326
of which Taxes: -€210,918
- Gross operating margin -€239,703
down €239,703 (-39.2%), from €610,750 to €371,047
- Financial charges -€65,574
down €65,574 (-45.7%), from €143,390 to €77,816
of which Financial charges: -€63,671
- Taxes -€55,782
down €55,782 (-77.5%), from €71,963 to €16,181
- Depreciation -€11,801
down €11,801 (-13.5%), from €87,337 to €75,536
- Staff costs +€10,371
up €10,371 (+7.2%), from €144,344 to €154,715
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 | €4,528,181 | €3,929,670 | -€598,512 | -13.2% |
| Fixed assets | 21/28 | €886,325 | €815,440 | -€70,885 | -8.0% |
| Intangible fixed assets | 21 | €5,676 | €3,575 | -€2,101 | -37.0% |
| Tangible fixed assets | 22/27 | €280,248 | €211,465 | -€68,783 | -24.5% |
| Land and buildings | 22 | €246,906 | €191,704 | -€55,202 | -22.4% |
| Plant, machinery and equipment | 23 | €17,645 | €12,705 | -€4,940 | -28.0% |
| Furniture and vehicles | 24 | €15,697 | €7,055 | -€8,641 | -55.1% |
| Financial fixed assets | 28 | €600,400 | €600,400 | = | 0.0% |
| Current assets | 29/58 | €3,641,857 | €3,114,230 | -€527,627 | -14.5% |
| Stocks and contracts in progress | 3 | €2,402,435 | €2,585,491 | +€183,056 | +7.6% |
| Stocks | 30/36 | €2,402,435 | €2,585,491 | +€183,056 | +7.6% |
| Amounts receivable within one year | 40/41 | €976,638 | €264,161 | -€712,477 | -73.0% |
| Trade receivables | 40 | €811,638 | €228,571 | -€583,068 | -71.8% |
| Other amounts receivable | 41 | €165,000 | €35,591 | -€129,409 | -78.4% |
| Cash at bank and in hand | 54/58 | €253,196 | €258,523 | +€5,327 | +2.1% |
| Deferred charges and accrued income | 490/1 | €9,588 | €6,055 | -€3,533 | -36.8% |
| Total equity and liabilities | 10/49 | €4,528,181 | €3,929,670 | -€598,512 | -13.2% |
| Equity | 10/15 | €1,370,300 | €1,406,327 | +€36,028 | +2.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €162,636 | €198,664 | +€36,028 | +22.2% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €153,636 | €189,664 | +€36,028 | +23.4% |
| Profit (loss) carried forward | 14 | €1,117,663 | €1,117,663 | = | 0.0% |
| Amounts payable | 17/49 | €3,157,882 | €2,523,342 | -€634,539 | -20.1% |
| Amounts payable after more than one year | 17 | €13,203 | - | -€13,203 | |
| Financial debts | 170/4 | €13,203 | - | -€13,203 | |
| Amounts payable within one year | 42/48 | €3,142,325 | €2,521,600 | -€620,725 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €26,195 | - | -€26,195 | |
| Financial debts | 43 | €2,650,000 | €2,050,000 | -€600,000 | -22.6% |
| Credit institutions | 430/8 | €2,650,000 | €2,050,000 | -€600,000 | -22.6% |
| Trade debts | 44 | €162,458 | €385,670 | +€223,212 | +137% |
| Suppliers | 440/4 | €162,458 | €385,670 | +€223,212 | +137% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €258,060 | €49,326 | -€208,733 | -80.9% |
| Taxes | 450/3 | €235,828 | €24,910 | -€210,918 | -89.4% |
| Remuneration and social security | 454/9 | €22,232 | €24,417 | +€2,185 | +9.8% |
| Other amounts payable | 47/48 | €44,611 | €35,603 | -€9,008 | -20.2% |
| Accrued charges and deferred income | 492/3 | €2,354 | €1,743 | -€612 | -26.0% |
| Remuneration, social security and pensions | 62 | €144,344 | €154,715 | +€10,371 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,337 | €75,536 | -€11,801 | -13.5% |
| Other operating charges | 640/8 | €10,616 | €10,884 | +€268 | +2.5% |
| Gross operating margin | 9900 | €610,750 | €371,047 | -€239,703 | -39.2% |
| Operating profit (loss) | 9901 | €368,452 | €129,911 | -€238,541 | -64.7% |
| Financial income | 75/76B | €1,296 | €114 | -€1,182 | -91.2% |
| Recurring financial income | 75 | €1,296 | €114 | -€1,182 | -91.2% |
| Financial charges | 65/66B | €143,390 | €77,816 | -€65,574 | -45.7% |
| Recurring financial charges | 65 | €141,079 | €77,408 | -€63,671 | -45.1% |
| Non-recurring financial charges | 66B | €2,310 | €408 | -€1,903 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €226,358 | €52,209 | -€174,149 | -76.9% |
| Income taxes | 67/77 | €71,963 | €16,181 | -€55,782 | -77.5% |
| Profit (loss) for the period | 9904 | €154,395 | €36,028 | -€118,367 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €154,395 | €36,028 | -€118,367 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.