FERME SAINT GEORGES: 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.
FERME SAINT GEORGES
Largest movements
- Tangible fixed assets -€18,885
down €18,885 (-5.0%), from €379,672 to €360,787
of which Land and buildings: -€18,342
- Cash +€17,739
up €17,739 (+549%), from €3,232 to €20,972
mainly Net result for the year (+€26,293) and Depreciation (+€18,885)
- Receivables within one year -€16,057
down €16,057 (-59.1%), from €27,162 to €11,105
of which Trade receivables: -€16,057
- Reserves +€27,037
up €27,037 (+41.6%), from €64,944 to €91,982
of which Distributable reserves: +€24,983
- Debts after one year -€24,097
down €24,097 (-100%), from €24,097 to €0
- Current portion of long-term debt -€10,829
down €10,829 (-31.0%), from €34,925 to €24,097
- Other debts -€10,363
down €10,363 (-7.1%), from €146,719 to €136,355
- Gross operating margin +€5,024
up €5,024 (+8.5%), from €58,958 to €63,982
- Taxes +€1,669
up €1,669 (+14.7%), from €11,371 to €13,040
- Financial charges -€1,369
down €1,369 (-37.7%), from €3,626 to €2,257
- Financial income +€954
up €954, from €0 to €954
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 | €416,218 | €400,092 | -€16,126 | -3.9% |
| Fixed assets | 21/28 | €379,672 | €360,787 | -€18,885 | -5.0% |
| Tangible fixed assets | 22/27 | €379,672 | €360,787 | -€18,885 | -5.0% |
| Land and buildings | 22 | €375,650 | €357,307 | -€18,342 | -4.9% |
| Plant, machinery and equipment | 23 | €4,022 | €3,479 | -€542 | -13.5% |
| Current assets | 29/58 | €36,546 | €39,305 | +€2,759 | +7.5% |
| Stocks and contracts in progress | 3 | €2,900 | €2,900 | = | 0.0% |
| Stocks | 30/36 | €2,900 | €2,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,162 | €11,105 | -€16,057 | -59.1% |
| Trade receivables | 40 | €19,414 | €3,357 | -€16,057 | -82.7% |
| Other amounts receivable | 41 | €7,748 | €7,748 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,232 | €20,972 | +€17,739 | +549% |
| Deferred charges and accrued income | 490/1 | €3,252 | €4,328 | +€1,076 | +33.1% |
| Total equity and liabilities | 10/49 | €416,218 | €400,092 | -€16,126 | -3.9% |
| Equity | 10/15 | €198,675 | €224,967 | +€26,293 | +13.2% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €64,944 | €91,982 | +€27,037 | +41.6% |
| Non-distributable reserves | 130/1 | €6,622 | €8,676 | +€2,054 | +31.0% |
| Legal reserve | 130 | €6,622 | €8,676 | +€2,054 | +31.0% |
| Distributable reserves | 133 | €58,322 | €83,305 | +€24,983 | +42.8% |
| Profit (loss) carried forward | 14 | €46,968 | €46,223 | -€744 | -1.6% |
| Amounts payable | 17/49 | €217,543 | €175,124 | -€42,419 | -19.5% |
| Amounts payable after more than one year | 17 | €24,097 | €0 | -€24,097 | -100% |
| Financial debts | 170/4 | €24,097 | €0 | -€24,097 | -100% |
| Amounts payable within one year | 42/48 | €193,447 | €174,484 | -€18,963 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €34,925 | €24,097 | -€10,829 | -31.0% |
| Trade debts | 44 | €3,045 | €6,903 | +€3,858 | +127% |
| Suppliers | 440/4 | €3,045 | €6,903 | +€3,858 | +127% |
| Taxes, remuneration and social security | 45 | €8,758 | €7,130 | -€1,628 | -18.6% |
| Taxes | 450/3 | €8,758 | €7,130 | -€1,628 | -18.6% |
| Other amounts payable | 47/48 | €146,719 | €136,355 | -€10,363 | -7.1% |
| Accrued charges and deferred income | 492/3 | - | €640 | +€640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,906 | €18,885 | -€21 | -0.1% |
| Other operating charges | 640/8 | €4,853 | €4,461 | -€391 | -8.1% |
| Gross operating margin | 9900 | €58,958 | €63,982 | +€5,024 | +8.5% |
| Operating profit (loss) | 9901 | €35,199 | €40,636 | +€5,437 | +15.4% |
| Financial income | 75/76B | €0 | €954 | +€954 | |
| Recurring financial income | 75 | €0 | €954 | +€954 | |
| Financial charges | 65/66B | €3,626 | €2,257 | -€1,369 | -37.7% |
| Recurring financial charges | 65 | €3,626 | €2,257 | -€1,369 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €31,573 | €39,332 | +€7,759 | +24.6% |
| Income taxes | 67/77 | €11,371 | €13,040 | +€1,669 | +14.7% |
| Profit (loss) for the period | 9904 | €20,202 | €26,293 | +€6,090 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,202 | €26,293 | +€6,090 | +30.1% |
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 30 October 2026 via checked.be.