FARROW + BELGIUM: 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.
FARROW + BELGIUM
Largest movements
- Receivables within one year +€5,049
up €5,049 (+31.0%), from €16,280 to €21,329
of which Other amounts receivable: +€4,928
- Reserves +€10,088
new in 2025: €10,088
- Tax, wage and social debts -€5,320
down €5,320 (-60.3%), from €8,827 to €3,507
of which Remuneration and social security: -€8,305
- Trade debts +€854
up €854 (+212.0%), from €403 to €1,257
- Profit (loss) carried forward -€601
down €601 (-100.0%), from €601 to €0
- Staff costs -€42,337
down €42,337 (-100.0%), from €42,337 to €0
- Gross operating margin -€29,765
down €29,765 (-69.8%), from €42,615 to €12,850
- Taxes +€3,026
up €3,026 (+2210.7%), from €137 to €3,162
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 | €16,307 | €21,329 | +€5,022 | +30.8% |
| Current assets | 29/58 | €16,307 | €21,329 | +€5,022 | +30.8% |
| Amounts receivable within one year | 40/41 | €16,280 | €21,329 | +€5,049 | +31.0% |
| Trade receivables | 40 | €726 | €847 | +€121 | +16.7% |
| Other amounts receivable | 41 | €15,554 | €20,482 | +€4,928 | +31.7% |
| Cash at bank and in hand | 54/58 | €28 | €0 | -€27 | -98.8% |
| Total equity and liabilities | 10/49 | €16,307 | €21,329 | +€5,022 | +30.8% |
| Equity | 10/15 | €5,601 | €15,088 | +€9,487 | +169.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €10,088 | +€10,088 | |
| Distributable reserves | 133 | - | €10,088 | +€10,088 | |
| Profit (loss) carried forward | 14 | €601 | €0 | -€601 | -100.0% |
| Amounts payable | 17/49 | €10,706 | €6,241 | -€4,466 | -41.7% |
| Amounts payable within one year | 42/48 | €10,706 | €6,241 | -€4,466 | -41.7% |
| Trade debts | 44 | €403 | €1,257 | +€854 | +212.0% |
| Suppliers | 440/4 | €403 | €1,257 | +€854 | +212.0% |
| Taxes, remuneration and social security | 45 | €8,827 | €3,507 | -€5,320 | -60.3% |
| Taxes | 450/3 | €522 | €3,507 | +€2,985 | +571.8% |
| Remuneration and social security | 454/9 | €8,305 | €0 | -€8,305 | -100.0% |
| Other amounts payable | 47/48 | €1,476 | €1,476 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,083 | +€2,083 | |
| Remuneration, social security and pensions | 62 | €42,337 | €0 | -€42,337 | -100.0% |
| Gross operating margin | 9900 | €42,615 | €12,850 | -€29,765 | -69.8% |
| Operating profit (loss) | 9901 | €277 | €12,850 | +€12,572 | +4531.9% |
| Financial charges | 65/66B | €125 | €200 | +€74 | +59.3% |
| Recurring financial charges | 65 | €125 | €200 | +€74 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €152 | €12,650 | +€12,498 | +8220.2% |
| Income taxes | 67/77 | €137 | €3,162 | +€3,026 | +2210.7% |
| Profit (loss) for the period | 9904 | €15 | €9,487 | +€9,472 | +62399.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15 | €9,487 | +€9,472 | +62399.9% |
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.