FARMSTONE: 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.
What changed
FARMSTONE
NACE 23.630, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,144
2024 · €12,610-€2,466
Equity
€203,603
2024 · €228,899-€25,296
Cash
€19,490
2024 · €51,489-€31,999
Balance sheet total
€6.5m
2024 · €5.2m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+25.8%), from €4.9m to €6.2m
of which Plant, machinery and equipment: +€803,595
Equity and liabilities
- Debts after one year +€849,309
up €849,309 (+22.1%), from €3.8m to €4.7m
- Other debts +€203,793
up €203,793 (+35.6%), from €572,014 to €775,807
- Current portion of long-term debt +€190,304
up €190,304 (+38.7%), from €492,008 to €682,312
- Trade debts +€85,490
up €85,490 (+348%), from €24,554 to €110,044
Income statement
- Depreciation -€272,452
down €272,452 (-33.2%), from €820,586 to €548,134
- Gross operating margin -€260,744
down €260,744 (-24.1%), from €1.1m to €820,971
- Financial charges -€40,676
down €40,676 (-19.3%), from €210,714 to €170,037
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.
Result 2024
€12,610
Gross operating margin
-€260,744
Depreciation
+€272,452
Other operating charges
+€9,105
Other operating items
-€65,605
Financial income
+€1,402
Financial charges
+€40,676
Taxes
+€247
Result 2025
€10,144
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€787,573
Investment
-€1.8m
Financing
+€1.0m
Cash 2024
€51,489
From operations (derived)
+€787,573
Net result for the year
+€10,144
Depreciation
+€548,134
Receivables within one year
-€61,722
Deferred charges and accrued income
-€22,276
Trade debts
+€85,490
Tax, wage and social debts
+€24,009
Other debts
+€203,793
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.0m
Debts after one year
+€849,309
Current portion of long-term debt
+€190,304
Short-term financial debts
+€1,050
Contributions, distributions and other
-€35,440
Cash 2025
€19,490
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,167,271 | €6,495,931 | +€1.3m | +25.7% |
| Fixed assets | 21/28 | €4,961,879 | €6,238,539 | +€1.3m | +25.7% |
| Intangible fixed assets | 21 | €10,474 | €8,184 | -€2,290 | -21.9% |
| Tangible fixed assets | 22/27 | €4,947,913 | €6,226,863 | +€1.3m | +25.8% |
| Land and buildings | 22 | €3,065,900 | €3,457,895 | +€391,996 | +12.8% |
| Plant, machinery and equipment | 23 | €1,432,442 | €2,236,038 | +€803,595 | +56.1% |
| Furniture and vehicles | 24 | €449,571 | €532,930 | +€83,359 | +18.5% |
| Financial fixed assets | 28 | €3,493 | €3,493 | = | 0.0% |
| Current assets | 29/58 | €205,392 | €257,392 | +€51,999 | +25.3% |
| Amounts receivable within one year | 40/41 | €145,929 | €207,651 | +€61,722 | +42.3% |
| Trade receivables | 40 | €133,239 | €145,713 | +€12,474 | +9.4% |
| Other amounts receivable | 41 | €12,690 | €61,938 | +€49,248 | +388% |
| Cash at bank and in hand | 54/58 | €51,489 | €19,490 | -€31,999 | -62.1% |
| Deferred charges and accrued income | 490/1 | €7,974 | €30,250 | +€22,276 | +279% |
| Total equity and liabilities | 10/49 | €5,167,271 | €6,495,931 | +€1.3m | +25.7% |
| Equity | 10/15 | €228,899 | €203,603 | -€25,296 | -11.1% |
| Contributions | 10/11 | €10,320 | €10,320 | = | 0.0% |
| Reserves | 13 | €208,189 | €182,894 | -€25,296 | -12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,125 | €10,125 | = | 0.0% |
| Distributable reserves | 133 | €196,204 | €170,909 | -€25,296 | -12.9% |
| Profit (loss) carried forward | 14 | €10,389 | €10,389 | = | 0.0% |
| Amounts payable | 17/49 | €4,938,373 | €6,292,328 | +€1.4m | +27.4% |
| Amounts payable after more than one year | 17 | €3,848,545 | €4,697,854 | +€849,309 | +22.1% |
| Financial debts | 170/4 | €3,848,545 | €4,697,854 | +€849,309 | +22.1% |
| Amounts payable within one year | 42/48 | €1,089,828 | €1,594,474 | +€504,646 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €492,008 | €682,312 | +€190,304 | +38.7% |
| Financial debts | 43 | - | €1,050 | +€1,050 | |
| Credit institutions | 430/8 | - | €1,050 | +€1,050 | |
| Trade debts | 44 | €24,554 | €110,044 | +€85,490 | +348% |
| Suppliers | 440/4 | €24,554 | €110,044 | +€85,490 | +348% |
| Taxes, remuneration and social security | 45 | €1,253 | €25,262 | +€24,009 | +1,916% |
| Taxes | 450/3 | €1,222 | - | -€1,222 | |
| Remuneration and social security | 454/9 | €31 | €25,262 | +€25,231 | +82,590% |
| Other amounts payable | 47/48 | €572,014 | €775,807 | +€203,793 | +35.6% |
| Non-recurring operating income | 76A | €37,078 | €171,689 | +€134,611 | +363% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €820,586 | €548,134 | -€272,452 | -33.2% |
| Other operating charges | 640/8 | €36,545 | €27,439 | -€9,105 | -24.9% |
| Non-recurring operating charges | 66A | - | €65,605 | +€65,605 | |
| Gross operating margin | 9900 | €1,081,715 | €820,971 | -€260,744 | -24.1% |
| Operating profit (loss) | 9901 | €224,584 | €179,793 | -€44,791 | -19.9% |
| Financial income | 75/76B | €1 | €1,403 | +€1,402 | +233,662% |
| Recurring financial income | 75 | €1 | €1,403 | +€1,402 | +233,662% |
| Financial charges | 65/66B | €210,714 | €170,037 | -€40,676 | -19.3% |
| Recurring financial charges | 65 | €210,714 | €170,037 | -€40,676 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €13,871 | €11,159 | -€2,713 | -19.6% |
| Income taxes | 67/77 | €1,261 | €1,014 | -€247 | -19.6% |
| Profit (loss) for the period | 9904 | €12,610 | €10,144 | -€2,466 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,610 | €10,144 | -€2,466 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.