FARZANA: 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.
FARZANA
Largest movements
- Cash +€7,026
up €7,026 (+210%), from €3,339 to €10,365
mainly Short-term financial debts (+€21,260) and Receivables within one year (+€5,386)
- Tangible fixed assets +€6,006
up €6,006 (+86.0%), from €6,987 to €12,993
- Receivables within one year -€5,386
down €5,386 (-15.0%), from €35,964 to €30,578
of which Trade receivables: -€6,249
- Short-term financial debts +€21,260
new in 2025: €21,260
- Other debts -€17,317
down €17,317 (-11.1%), from €155,503 to €138,185
- Profit (loss) carried forward +€3,615
up €3,615 (+19.1%), from -€18,954 to -€15,339
- Trade debts +€3,070
up €3,070 (+54.2%), from €5,660 to €8,729
- Tax, wage and social debts -€2,981
down €2,981 (-49.8%), from €5,981 to €3,000
of which Taxes: -€2,981
- Turnover +€114,083
new in 2025: €114,083
- Purchases and services +€106,377
new in 2025: €106,377
- Other operating charges -€68,142
down €68,142 (-97.1%), from €70,160 to €2,018
- Gross operating margin -€66,739
down €66,739 (-89.6%), from €74,445 to €7,706
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 | €166,789 | €174,435 | +€7,646 | +4.6% |
| Fixed assets | 21/28 | €10,487 | €16,493 | +€6,006 | +57.3% |
| Tangible fixed assets | 22/27 | €6,987 | €12,993 | +€6,006 | +86.0% |
| Furniture and vehicles | 24 | €6,987 | €12,993 | +€6,006 | +86.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €156,302 | €157,942 | +€1,640 | +1.0% |
| Stocks and contracts in progress | 3 | €117,000 | €117,000 | = | 0.0% |
| Stocks | 30/36 | €117,000 | €117,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,964 | €30,578 | -€5,386 | -15.0% |
| Trade receivables | 40 | €29,964 | €23,714 | -€6,249 | -20.9% |
| Other amounts receivable | 41 | €6,000 | €6,864 | +€864 | +14.4% |
| Cash at bank and in hand | 54/58 | €3,339 | €10,365 | +€7,026 | +210% |
| Total equity and liabilities | 10/49 | €166,789 | €174,435 | +€7,646 | +4.6% |
| Equity | 10/15 | -€354 | €3,261 | +€3,615 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€18,954 | -€15,339 | +€3,615 | +19.1% |
| Amounts payable | 17/49 | €167,143 | €171,175 | +€4,031 | +2.4% |
| Amounts payable within one year | 42/48 | €167,143 | €171,175 | +€4,031 | +2.4% |
| Financial debts | 43 | - | €21,260 | +€21,260 | |
| Credit institutions | 430/8 | - | €21,260 | +€21,260 | |
| Trade debts | 44 | €5,660 | €8,729 | +€3,070 | +54.2% |
| Suppliers | 440/4 | €5,660 | €8,729 | +€3,070 | +54.2% |
| Taxes, remuneration and social security | 45 | €5,981 | €3,000 | -€2,981 | -49.8% |
| Taxes | 450/3 | €2,981 | - | -€2,981 | |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €155,503 | €138,185 | -€17,317 | -11.1% |
| Turnover | 70 | - | €114,083 | +€114,083 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €106,377 | +€106,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,178 | €1,502 | -€677 | -31.1% |
| Other operating charges | 640/8 | €70,160 | €2,018 | -€68,142 | -97.1% |
| Gross operating margin | 9900 | €74,445 | €7,706 | -€66,739 | -89.6% |
| Operating profit (loss) | 9901 | €2,107 | €4,186 | +€2,079 | +98.7% |
| Financial charges | 65/66B | - | €571 | +€571 | |
| Recurring financial charges | 65 | - | €571 | +€571 | |
| Profit (loss) for the period before taxes | 9903 | €2,107 | €3,615 | +€1,508 | +71.6% |
| Profit (loss) for the period | 9904 | €2,107 | €3,615 | +€1,508 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,107 | €3,615 | +€1,508 | +71.6% |
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 16 October 2026 via checked.be.