FARMVIT: 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.
What changed
FARMVIT
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€563,399
2024 · €630,281-€66,882
Equity
€2.7m
2024 · €2.1m+€563,399
Cash
€132,228
2024 · €271,368-€139,141
Balance sheet total
€3.2m
2024 · €3.0m+€259,852
Largest movements
Assets
- Receivables within one year +€920,853
up €920,853 (+82.1%), from €1.1m to €2.0m
of which Other amounts receivable: +€936,858
- Stocks and contracts -€418,022
down €418,022 (-42.9%), from €974,698 to €556,676
- Cash -€139,141
down €139,141 (-51.3%), from €271,368 to €132,228
mainly Receivables within one year (-€920,853) and Debts after one year (-€100,929)
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
of which Other investments: -€100,000
Equity and liabilities
- Reserves +€563,399
up €563,399 (+27.5%), from €2.0m to €2.6m
of which Distributable reserves: +€563,399
- Debts after one year -€100,929
down €100,929 (-64.6%), from €156,238 to €55,309
- Current portion of long-term debt -€91,624
down €91,624 (-47.6%), from €192,552 to €100,929
- Trade debts -€72,638
down €72,638 (-22.6%), from €320,786 to €248,148
- Tax, wage and social debts -€64,527
down €64,527 (-100.0%), from €64,527 to €0
of which Remuneration and social security: -€64,527
Income statement
- Turnover -€25.4m
down €25.4m (-86.9%), from €29.3m to €3.8m
- Goods and materials -€22.6m
down €22.6m (-91.3%), from €24.8m to €2.2m
of which Purchases: -€24.3m
- Services and other goods -€2.1m
down €2.1m (-66.8%), from €3.1m to €1.0m
- Staff costs -€571,785
down €571,785 (-99.9%), from €572,386 to €601
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
€630,281
Turnover
-€25.4m
Other operating income
-€24,633
Goods and materials
+€22.6m
Services and other goods
+€2.1m
Staff costs
+€571,785
Depreciation
+€149,143
Write-downs
-€23,895
Other operating charges
+€7,543
Financial income
+€2,376
Financial charges
+€15,642
Taxes
+€234
Result 2025
€563,399
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.
From operations
+€34,250
Investment
+€19,161
Financing
-€192,552
Cash 2024
€271,368
From operations (derived)
+€34,250
Net result for the year
+€563,399
Depreciation
+€88,828
Receivables after one year
+€23,895
Stocks and contracts
+€418,022
Receivables within one year
-€920,853
Deferred charges and accrued income
-€28,047
Trade debts
-€72,638
Tax, wage and social debts
-€64,527
Other debts
+€25,276
Accrued charges and deferred income
+€895
Investment (derived)
+€19,161
Investment in fixed assets (net)
-€80,839
Current investments
+€100,000
Financing
-€192,552
Debts after one year
-€100,929
Current portion of long-term debt
-€91,624
Cash 2025
€132,228
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,969,532 | €3,229,384 | +€259,852 | +8.8% |
| Fixed assets | 21/28 | €277,736 | €269,748 | -€7,989 | -2.9% |
| Tangible fixed assets | 22/27 | €277,736 | €269,748 | -€7,989 | -2.9% |
| Land and buildings | 22 | €103,221 | €78,267 | -€24,954 | -24.2% |
| Plant, machinery and equipment | 23 | €141,248 | €167,637 | +€26,388 | +18.7% |
| Furniture and vehicles | 24 | €2,919 | €16,763 | +€13,843 | +474.2% |
| Leasing and similar rights | 25 | €30,348 | €7,082 | -€23,266 | -76.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €2,691,795 | €2,959,636 | +€267,841 | +10.0% |
| Amounts receivable after more than one year | 29 | €23,895 | €0 | -€23,895 | -100.0% |
| Other amounts receivable | 291 | €23,895 | €0 | -€23,895 | -100.0% |
| Stocks and contracts in progress | 3 | €974,698 | €556,676 | -€418,022 | -42.9% |
| Stocks | 30/36 | €974,698 | €556,676 | -€418,022 | -42.9% |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Work in progress | 32 | €974,698 | €556,676 | -€418,022 | -42.9% |
| Amounts receivable within one year | 40/41 | €1,121,834 | €2,042,686 | +€920,853 | +82.1% |
| Trade receivables | 40 | €122,609 | €106,604 | -€16,005 | -13.1% |
| Other amounts receivable | 41 | €999,225 | €1,936,083 | +€936,858 | +93.8% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Own shares | 50 | €0 | - | = | |
| Other investments | 51/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €271,368 | €132,228 | -€139,141 | -51.3% |
| Deferred charges and accrued income | 490/1 | - | €28,047 | +€28,047 | |
| Total equity and liabilities | 10/49 | €2,969,532 | €3,229,384 | +€259,852 | +8.8% |
| Equity | 10/15 | €2,111,427 | €2,674,826 | +€563,399 | +26.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,049,927 | €2,613,326 | +€563,399 | +27.5% |
| Non-distributable reserves | 130/1 | €37,716 | €37,716 | = | 0.0% |
| Legal reserve | 130 | €37,716 | €37,716 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €114,649 | €114,649 | = | 0.0% |
| Distributable reserves | 133 | €1,897,563 | €2,460,962 | +€563,399 | +29.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €124,000 | €124,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €124,000 | €124,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €124,000 | €124,000 | = | 0.0% |
| Amounts payable | 17/49 | €734,104 | €430,557 | -€303,547 | -41.3% |
| Amounts payable after more than one year | 17 | €156,238 | €55,309 | -€100,929 | -64.6% |
| Financial debts | 170/4 | €156,238 | €55,309 | -€100,929 | -64.6% |
| Leasing and similar obligations | 172 | €15,139 | €5,647 | -€9,492 | -62.7% |
| Credit institutions | 173 | €141,099 | €49,662 | -€91,437 | -64.8% |
| Amounts payable within one year | 42/48 | €577,866 | €374,353 | -€203,513 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €192,552 | €100,929 | -€91,624 | -47.6% |
| Trade debts | 44 | €320,786 | €248,148 | -€72,638 | -22.6% |
| Suppliers | 440/4 | €320,786 | €248,148 | -€72,638 | -22.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €64,527 | €0 | -€64,527 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €64,527 | €0 | -€64,527 | -100.0% |
| Other amounts payable | 47/48 | €0 | €25,276 | +€25,276 | |
| Accrued charges and deferred income | 492/3 | - | €895 | +€895 | |
| Operating income | 70/76A | €29,337,099 | €3,885,245 | -€25.5m | -86.8% |
| Turnover | 70 | €29,264,517 | €3,837,295 | -€25.4m | -86.9% |
| Other operating income | 74 | €72,582 | €47,949 | -€24,633 | -33.9% |
| Operating charges | 60/66A | €28,707,434 | €3,340,712 | -€25.4m | -88.4% |
| Goods for resale, raw materials and consumables | 60 | €24,752,982 | €2,164,886 | -€22.6m | -91.3% |
| Purchases | 600/8 | €26,056,918 | €1,746,864 | -€24.3m | -93.3% |
| Change in stocks: decrease (increase) | 609 | -€1,303,937 | €418,022 | +€1.7m | |
| Services and other goods | 61 | €3,103,528 | €1,029,479 | -€2.1m | -66.8% |
| Remuneration, social security and pensions | 62 | €572,386 | €601 | -€571,785 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,971 | €88,828 | -€149,143 | -62.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,895 | +€23,895 | |
| Other operating charges | 640/8 | €40,567 | €33,024 | -€7,543 | -18.6% |
| Operating profit (loss) | 9901 | €629,665 | €544,532 | -€85,133 | -13.5% |
| Financial income | 75/76B | €28,410 | €30,786 | +€2,376 | +8.4% |
| Recurring financial income | 75 | €28,410 | €30,786 | +€2,376 | +8.4% |
| Income from current assets | 751 | €12,902 | €30,760 | +€17,858 | +138.4% |
| Other financial income | 752/9 | €15,508 | €25 | -€15,483 | -99.8% |
| Financial charges | 65/66B | €27,561 | €11,919 | -€15,642 | -56.8% |
| Recurring financial charges | 65 | €27,561 | €11,919 | -€15,642 | -56.8% |
| Debt charges | 650 | €24,853 | €8,679 | -€16,174 | -65.1% |
| Other financial charges | 652/9 | €2,707 | €3,240 | +€532 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €630,515 | €563,399 | -€67,116 | -10.6% |
| Income taxes | 67/77 | €234 | €0 | -€234 | -100.0% |
| Taxes | 670/3 | €234 | €0 | -€234 | -100.0% |
| Profit (loss) for the period | 9904 | €630,281 | €563,399 | -€66,882 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €630,281 | €563,399 | -€66,882 | -10.6% |
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 8 October 2026 via checked.be.