FARRMIDABLE: 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.
FARRMIDABLE
Largest movements
- Receivables within one year -€596,349
down €596,349 (-36.0%), from €1.7m to €1.1m
of which Trade receivables: -€596,092
- Cash +€132,345
up €132,345 (+11.7%), from €1.1m to €1.3m
mainly Other debts (+€778,038) and Receivables within one year (+€596,349)
- Profit (loss) carried forward -€1.3m
no longer reported in 2025 (was €1.3m)
- Other debts +€778,038
up €778,038 (+115%), from €677,207 to €1.5m
- Tax, wage and social debts +€80,274
up €80,274 (+10.2%), from €783,511 to €863,785
- Gross operating margin -€964,726
down €964,726 (-62.9%), from €1.5m to €569,953
- Taxes -€255,942
down €255,942 (-63.3%), from €404,556 to €148,614
- Financial income -€202,333
down €202,333 (-98.4%), from €205,579 to €3,246
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 | €2,804,678 | €2,337,398 | -€467,280 | -16.7% |
| Fixed assets | 21/28 | €15,114 | €11,838 | -€3,276 | -21.7% |
| Tangible fixed assets | 22/27 | €10,114 | €6,838 | -€3,276 | -32.4% |
| Furniture and vehicles | 24 | €5,008 | €6,838 | +€1,830 | +36.5% |
| Other tangible fixed assets | 26 | €5,106 | - | -€5,106 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,789,564 | €2,325,560 | -€464,004 | -16.6% |
| Amounts receivable within one year | 40/41 | €1,658,537 | €1,062,187 | -€596,349 | -36.0% |
| Trade receivables | 40 | €1,458,537 | €862,445 | -€596,092 | -40.9% |
| Other amounts receivable | 41 | €200,000 | €199,742 | -€258 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,131,028 | €1,263,373 | +€132,345 | +11.7% |
| Total equity and liabilities | 10/49 | €2,804,678 | €2,337,398 | -€467,280 | -16.7% |
| Equity | 10/15 | €1,333,891 | €3,000 | -€1.3m | -99.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,330,891 | - | -€1.3m | |
| Amounts payable | 17/49 | €1,470,788 | €2,334,398 | +€863,611 | +58.7% |
| Amounts payable within one year | 42/48 | €1,470,788 | €2,334,398 | +€863,611 | +58.7% |
| Trade debts | 44 | €10,069 | €15,368 | +€5,299 | +52.6% |
| Suppliers | 440/4 | €10,069 | €15,368 | +€5,299 | +52.6% |
| Taxes, remuneration and social security | 45 | €783,511 | €863,785 | +€80,274 | +10.2% |
| Taxes | 450/3 | €783,511 | €863,785 | +€80,274 | +10.2% |
| Other amounts payable | 47/48 | €677,207 | €1,455,245 | +€778,038 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,620 | €4,705 | +€2,084 | +79.5% |
| Other operating charges | 640/8 | €1,991 | €471 | -€1,519 | -76.3% |
| Gross operating margin | 9900 | €1,534,679 | €569,953 | -€964,726 | -62.9% |
| Operating profit (loss) | 9901 | €1,530,068 | €564,777 | -€965,291 | -63.1% |
| Financial income | 75/76B | €205,579 | €3,246 | -€202,333 | -98.4% |
| Recurring financial income | 75 | €205,579 | €3,246 | -€202,333 | -98.4% |
| Financial charges | 65/66B | €222 | €249 | +€28 | +12.5% |
| Recurring financial charges | 65 | €222 | €249 | +€28 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €1,735,426 | €567,774 | -€1.2m | -67.3% |
| Income taxes | 67/77 | €404,556 | €148,614 | -€255,942 | -63.3% |
| Profit (loss) for the period | 9904 | €1,330,870 | €419,161 | -€911,710 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,330,870 | €419,161 | -€911,710 | -68.5% |
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 14 October 2026 via checked.be.