FARRIERY: 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.
FARRIERY
Largest movements
- Receivables within one year +€23,542
up €23,542 (+23.8%), from €98,849 to €122,391
of which Other amounts receivable: +€36,258
- Tangible fixed assets -€14,956
down €14,956 (-3.4%), from €445,790 to €430,833
of which Land and buildings: -€9,360
- Cash +€8,402
up €8,402 (+319%), from €2,637 to €11,039
mainly Net result for the year (+€47,961) and Other debts (+€40,734)
- Other debts +€40,734
up €40,734 (+307%), from €13,265 to €54,000
- Debts after one year -€26,286
down €26,286 (-8.2%), from €320,984 to €294,698
- Current portion of long-term debt +€6,890
up €6,890 (+16.3%), from €42,290 to €49,181
- Staff costs +€8,502
up €8,502 (+70.8%), from €12,015 to €20,517
- Gross operating margin +€8,275
up €8,275 (+6.4%), from €130,010 to €138,285
- Other operating charges -€1,774
down €1,774 (-21.4%), from €8,280 to €6,506
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 | €617,673 | €634,101 | +€16,429 | +2.7% |
| Fixed assets | 21/28 | €506,186 | €491,229 | -€14,956 | -3.0% |
| Tangible fixed assets | 22/27 | €445,790 | €430,833 | -€14,956 | -3.4% |
| Land and buildings | 22 | €370,434 | €361,074 | -€9,360 | -2.5% |
| Plant, machinery and equipment | 23 | €64,010 | €58,596 | -€5,414 | -8.5% |
| Furniture and vehicles | 24 | €6,777 | €7,615 | +€838 | +12.4% |
| Other tangible fixed assets | 26 | €4,570 | €3,548 | -€1,021 | -22.3% |
| Financial fixed assets | 28 | €60,396 | €60,396 | = | 0.0% |
| Current assets | 29/58 | €111,487 | €142,872 | +€31,385 | +28.2% |
| Stocks and contracts in progress | 3 | €5,166 | €5,047 | -€120 | -2.3% |
| Stocks | 30/36 | €5,166 | €5,047 | -€120 | -2.3% |
| Amounts receivable within one year | 40/41 | €98,849 | €122,391 | +€23,542 | +23.8% |
| Trade receivables | 40 | €15,643 | €2,926 | -€12,716 | -81.3% |
| Other amounts receivable | 41 | €83,206 | €119,465 | +€36,258 | +43.6% |
| Cash at bank and in hand | 54/58 | €2,637 | €11,039 | +€8,402 | +319% |
| Deferred charges and accrued income | 490/1 | €4,834 | €4,395 | -€439 | -9.1% |
| Total equity and liabilities | 10/49 | €617,673 | €634,101 | +€16,429 | +2.7% |
| Equity | 10/15 | €176,114 | €170,075 | -€6,039 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,502 | €130,463 | -€6,039 | -4.4% |
| Distributable reserves | 133 | €136,502 | €130,463 | -€6,039 | -4.4% |
| Profit (loss) carried forward | 14 | €33,412 | €33,412 | = | 0.0% |
| Amounts payable | 17/49 | €441,559 | €464,026 | +€22,467 | +5.1% |
| Amounts payable after more than one year | 17 | €320,984 | €294,698 | -€26,286 | -8.2% |
| Financial debts | 170/4 | €320,984 | €294,698 | -€26,286 | -8.2% |
| Amounts payable within one year | 42/48 | €120,575 | €168,188 | +€47,613 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €42,290 | €49,181 | +€6,890 | +16.3% |
| Trade debts | 44 | €24,340 | €23,550 | -€789 | -3.2% |
| Suppliers | 440/4 | €24,340 | €23,550 | -€789 | -3.2% |
| Taxes, remuneration and social security | 45 | €40,680 | €41,457 | +€777 | +1.9% |
| Taxes | 450/3 | €39,155 | €41,457 | +€2,302 | +5.9% |
| Remuneration and social security | 454/9 | €1,525 | - | -€1,525 | |
| Other amounts payable | 47/48 | €13,265 | €54,000 | +€40,734 | +307% |
| Accrued charges and deferred income | 492/3 | - | €1,140 | +€1,140 | |
| Remuneration, social security and pensions | 62 | €12,015 | €20,517 | +€8,502 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,516 | €21,592 | +€1,076 | +5.2% |
| Other operating charges | 640/8 | €8,280 | €6,506 | -€1,774 | -21.4% |
| Gross operating margin | 9900 | €130,010 | €138,285 | +€8,275 | +6.4% |
| Operating profit (loss) | 9901 | €89,199 | €89,669 | +€471 | +0.5% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €20,709 | €19,381 | -€1,328 | -6.4% |
| Recurring financial charges | 65 | €20,709 | €19,381 | -€1,328 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €68,527 | €70,289 | +€1,762 | +2.6% |
| Income taxes | 67/77 | €21,206 | €22,328 | +€1,121 | +5.3% |
| Profit (loss) for the period | 9904 | €47,321 | €47,961 | +€640 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,321 | €47,961 | +€640 | +1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.