"FARMINCO": 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.
"FARMINCO"
Largest movements
- Receivables within one year +€246,104
up €246,104 (+88.3%), from €278,574 to €524,678
of which Trade receivables: +€173,154
- Cash -€154,022
down €154,022 (-96.3%), from €159,928 to €5,906
mainly Receivables within one year (-€246,104)
- Tangible fixed assets -€5,972
down €5,972 (-9.2%), from €65,192 to €59,220
of which Plant, machinery and equipment: -€5,492
- Profit (loss) carried forward +€46,325
up €46,325 (+18.6%), from €248,742 to €295,067
- Trade debts +€21,506
up €21,506 (+15.3%), from €140,380 to €161,886
- Tax, wage and social debts +€18,278
up €18,278 (+19.0%), from €95,972 to €114,251
- Gross operating margin -€420,359
down €420,359 (-85.8%), from €490,187 to €69,828
- Taxes -€78,513
down €78,513 (-81.9%), from €95,871 to €17,358
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 | €503,694 | €589,804 | +€86,110 | +17.1% |
| Fixed assets | 21/28 | €65,192 | €59,220 | -€5,972 | -9.2% |
| Tangible fixed assets | 22/27 | €65,192 | €59,220 | -€5,972 | -9.2% |
| Plant, machinery and equipment | 23 | €59,913 | €54,421 | -€5,492 | -9.2% |
| Furniture and vehicles | 24 | €5,279 | €4,799 | -€480 | -9.1% |
| Current assets | 29/58 | €438,502 | €530,584 | +€92,081 | +21.0% |
| Amounts receivable within one year | 40/41 | €278,574 | €524,678 | +€246,104 | +88.3% |
| Trade receivables | 40 | €4,974 | €178,127 | +€173,154 | +3481.4% |
| Other amounts receivable | 41 | €273,600 | €346,550 | +€72,950 | +26.7% |
| Cash at bank and in hand | 54/58 | €159,928 | €5,906 | -€154,022 | -96.3% |
| Total equity and liabilities | 10/49 | €503,694 | €589,804 | +€86,110 | +17.1% |
| Equity | 10/15 | €267,342 | €313,667 | +€46,325 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,742 | €295,067 | +€46,325 | +18.6% |
| Amounts payable | 17/49 | €236,352 | €276,136 | +€39,784 | +16.8% |
| Amounts payable within one year | 42/48 | €236,352 | €276,136 | +€39,784 | +16.8% |
| Trade debts | 44 | €140,380 | €161,886 | +€21,506 | +15.3% |
| Suppliers | 440/4 | €140,380 | €161,886 | +€21,506 | +15.3% |
| Taxes, remuneration and social security | 45 | €95,972 | €114,251 | +€18,278 | +19.0% |
| Taxes | 450/3 | €95,972 | €114,251 | +€18,278 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,175 | €5,972 | -€204 | -3.3% |
| Gross operating margin | 9900 | €490,187 | €69,828 | -€420,359 | -85.8% |
| Operating profit (loss) | 9901 | €484,011 | €63,856 | -€420,155 | -86.8% |
| Financial charges | 65/66B | €4,167 | €173 | -€3,994 | -95.8% |
| Recurring financial charges | 65 | €4,167 | €173 | -€3,994 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €479,844 | €63,683 | -€416,161 | -86.7% |
| Income taxes | 67/77 | €95,871 | €17,358 | -€78,513 | -81.9% |
| Profit (loss) for the period | 9904 | €383,973 | €46,325 | -€337,648 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €383,973 | €46,325 | -€337,648 | -87.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.