FARWOOD: 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.
FARWOOD
Largest movements
- Tangible fixed assets +€10,615
up €10,615 (+14.2%), from €74,627 to €85,242
of which Plant, machinery and equipment: +€9,238
- Cash -€6,634
down €6,634 (-43.7%), from €15,198 to €8,563
mainly Investment in fixed assets (net) (-€36,188) and Other debts (-€12,578)
- Receivables within one year +€2,085
up €2,085 (+57.7%), from €3,612 to €5,697
of which Trade receivables: +€4,436
- Debts after one year +€17,352
up €17,352 (+125%), from €13,838 to €31,190
- Other debts -€12,578
down €12,578 (-26.3%), from €47,827 to €35,250
- Current portion of long-term debt +€4,568
up €4,568 (+70.6%), from €6,473 to €11,041
- Tax, wage and social debts -€2,909
down €2,909 (-27.3%), from €10,644 to €7,735
of which Taxes: -€2,749
- Gross operating margin -€13,370
down €13,370 (-31.4%), from €42,600 to €29,230
- Depreciation -€6,562
down €6,562 (-20.4%), from €32,135 to €25,573
- Taxes -€3,342
down €3,342 (-87.4%), from €3,825 to €483
- Financial charges +€750
up €750 (+55.9%), from €1,341 to €2,091
- Other operating charges +€594
up €594 (+270%), from €220 to €814
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 | €97,570 | €103,394 | +€5,824 | +6.0% |
| Fixed assets | 21/28 | €74,627 | €85,242 | +€10,615 | +14.2% |
| Tangible fixed assets | 22/27 | €74,627 | €85,242 | +€10,615 | +14.2% |
| Plant, machinery and equipment | 23 | - | €9,238 | +€9,238 | |
| Furniture and vehicles | 24 | €74,627 | €76,004 | +€1,377 | +1.8% |
| Current assets | 29/58 | €22,943 | €18,152 | -€4,791 | -20.9% |
| Amounts receivable within one year | 40/41 | €3,612 | €5,697 | +€2,085 | +57.7% |
| Trade receivables | 40 | €1,247 | €5,683 | +€4,436 | +356% |
| Other amounts receivable | 41 | €2,365 | €13 | -€2,352 | -99.4% |
| Cash at bank and in hand | 54/58 | €15,198 | €8,563 | -€6,634 | -43.7% |
| Deferred charges and accrued income | 490/1 | €4,133 | €3,892 | -€241 | -5.8% |
| Total equity and liabilities | 10/49 | €97,570 | €103,394 | +€5,824 | +6.0% |
| Equity | 10/15 | €17,075 | €16,470 | -€606 | -3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,075 | €12,075 | = | 0.0% |
| Distributable reserves | 133 | €12,075 | €12,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€606 | -€606 | |
| Amounts payable | 17/49 | €80,494 | €86,924 | +€6,430 | +8.0% |
| Amounts payable after more than one year | 17 | €13,838 | €31,190 | +€17,352 | +125% |
| Financial debts | 170/4 | €13,838 | €31,190 | +€17,352 | +125% |
| Amounts payable within one year | 42/48 | €66,657 | €55,734 | -€10,922 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €6,473 | €11,041 | +€4,568 | +70.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,712 | €1,708 | -€4 | -0.2% |
| Suppliers | 440/4 | €1,712 | €1,708 | -€4 | -0.2% |
| Taxes, remuneration and social security | 45 | €10,644 | €7,735 | -€2,909 | -27.3% |
| Taxes | 450/3 | €10,485 | €7,735 | -€2,749 | -26.2% |
| Remuneration and social security | 454/9 | €160 | €0 | -€160 | -100% |
| Other amounts payable | 47/48 | €47,827 | €35,250 | -€12,578 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,135 | €25,573 | -€6,562 | -20.4% |
| Other operating charges | 640/8 | €220 | €814 | +€594 | +270% |
| Non-recurring operating charges | 66A | - | €881 | +€881 | |
| Gross operating margin | 9900 | €42,600 | €29,230 | -€13,370 | -31.4% |
| Operating profit (loss) | 9901 | €10,245 | €1,963 | -€8,282 | -80.8% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Non-recurring financial income | 76B | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,341 | €2,091 | +€750 | +55.9% |
| Recurring financial charges | 65 | €1,341 | €2,091 | +€750 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €8,904 | -€123 | -€9,027 | |
| Income taxes | 67/77 | €3,825 | €483 | -€3,342 | -87.4% |
| Profit (loss) for the period | 9904 | €5,079 | -€606 | -€5,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,079 | -€606 | -€5,685 |
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 13 October 2026 via checked.be.