FERME TORCHET: what changed
What changed
FERME TORCHET
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
-€25,329
2024 · -€68,556+€43,227
Equity
€751,908
2024 · €777,237-€25,329
Cash
-
2024 · €50,044-€50,044
Balance sheet total
€1.7m
2024 · €1.6m+€77,922
Largest movements
Assets
- Receivables within one year +€118,648
up €118,648 (+53.8%), from €220,577 to €339,225
of which Trade receivables: +€212,134
- Stocks and contracts +€102,880
up €102,880 (+71.5%), from €143,788 to €246,668
- Tangible fixed assets -€80,553
down €80,553 (-7.1%), from €1.1m to €1.1m
of which Furniture and vehicles: -€56,840
- Cash -€50,044
no longer reported in 2025 (was €50,044)
mainly Debts after one year (-€120,489) and Receivables within one year (-€118,648)
Equity and liabilities
- Trade debts +€192,675
up €192,675 (+224%), from €86,135 to €278,811
- Debts after one year -€120,489
down €120,489 (-20.3%), from €593,672 to €473,182
- Short-term financial debts +€44,032
new in 2025: €44,032
- Profit (loss) carried forward -€18,929
down €18,929 (-118%), from -€16,066 to -€34,995
Income statement
- Gross operating margin +€88,672
up €88,672 (+128%), from €69,259 to €157,931
- Depreciation +€22,340
up €22,340 (+19.2%), from €116,475 to €138,815
- Other operating charges +€9,727
up €9,727 (+128%), from €7,628 to €17,354
- Staff costs +€7,545
new in 2025: €7,545
- Financial charges +€4,936
up €4,936 (+30.0%), from €16,439 to €21,376
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€68,556
Gross operating margin
+€88,672
Staff costs
-€7,545
Depreciation
-€22,340
Other operating charges
-€9,727
Financial income
-€1,043
Financial charges
-€4,936
Taxes
+€145
Result 2025
-€25,329
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€86,043
Investment
-€58,262
Financing
-€77,824
Cash 2024
€50,044
From operations (derived)
+€86,043
Net result for the year
-€25,329
Depreciation
+€138,815
Stocks and contracts
-€102,880
Receivables within one year
-€118,648
Deferred charges and accrued income
+€13,010
Provisions
-€1,600
Trade debts
+€192,675
Smaller working-capital items
-€500
Other debts
-€9,500
Investment (derived)
-€58,262
Investment in fixed assets (net)
-€58,262
Financing
-€77,824
Debts after one year
-€120,489
Current portion of long-term debt
-€1,367
Short-term financial debts
+€44,032
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,217 | €1,683,138 | +€77,922 | +4.9% |
| Fixed assets | 21/28 | €1,165,298 | €1,084,745 | -€80,553 | -6.9% |
| Tangible fixed assets | 22/27 | €1,135,216 | €1,054,664 | -€80,553 | -7.1% |
| Land and buildings | 22 | €695,210 | €678,904 | -€16,306 | -2.3% |
| Plant, machinery and equipment | 23 | €141,901 | €150,807 | +€8,906 | +6.3% |
| Furniture and vehicles | 24 | €281,793 | €224,953 | -€56,840 | -20.2% |
| Assets under construction and advance payments | 27 | €16,312 | - | -€16,312 | |
| Financial fixed assets | 28 | €30,081 | €30,081 | = | 0.0% |
| Current assets | 29/58 | €439,919 | €598,394 | +€158,474 | +36.0% |
| Amounts receivable after more than one year | 29 | €159 | €159 | = | 0.0% |
| Other amounts receivable | 291 | €159 | €159 | = | 0.0% |
| Stocks and contracts in progress | 3 | €143,788 | €246,668 | +€102,880 | +71.5% |
| Stocks | 30/36 | €143,788 | €246,668 | +€102,880 | +71.5% |
| Amounts receivable within one year | 40/41 | €220,577 | €339,225 | +€118,648 | +53.8% |
| Trade receivables | 40 | €92,559 | €304,693 | +€212,134 | +229% |
| Other amounts receivable | 41 | €128,018 | €34,532 | -€93,486 | -73.0% |
| Cash at bank and in hand | 54/58 | €50,044 | - | -€50,044 | |
| Deferred charges and accrued income | 490/1 | €25,351 | €12,341 | -€13,010 | -51.3% |
| Total equity and liabilities | 10/49 | €1,605,217 | €1,683,138 | +€77,922 | +4.9% |
| Equity | 10/15 | €777,237 | €751,908 | -€25,329 | -3.3% |
| Contributions | 10/11 | €100,075 | €90,977 | -€9,098 | -9.1% |
| Reserves | 13 | €693,228 | €695,926 | +€2,698 | +0.4% |
| Non-distributable reserves | 130/1 | - | €9,098 | +€9,098 | |
| Reserves not available under the articles | 1311 | - | €9,098 | +€9,098 | |
| Tax-exempt reserves | 132 | €68,800 | €62,400 | -€6,400 | -9.3% |
| Distributable reserves | 133 | €624,428 | €624,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,066 | -€34,995 | -€18,929 | -118% |
| Provisions and deferred taxes | 16 | €11,200 | €9,600 | -€1,600 | -14.3% |
| Deferred taxes | 168 | €11,200 | €9,600 | -€1,600 | -14.3% |
| Amounts payable | 17/49 | €816,780 | €921,631 | +€104,851 | +12.8% |
| Amounts payable after more than one year | 17 | €593,672 | €473,182 | -€120,489 | -20.3% |
| Financial debts | 170/4 | €593,672 | €473,182 | -€120,489 | -20.3% |
| Amounts payable within one year | 42/48 | €222,893 | €448,448 | +€225,556 | +101% |
| Current portion of amounts payable after more than one year | 42 | €121,009 | €119,642 | -€1,367 | -1.1% |
| Financial debts | 43 | - | €44,032 | +€44,032 | |
| Other loans | 439 | - | €44,032 | +€44,032 | |
| Trade debts | 44 | €86,135 | €278,811 | +€192,675 | +224% |
| Suppliers | 440/4 | €86,135 | €278,811 | +€192,675 | +224% |
| Taxes, remuneration and social security | 45 | €6,248 | €5,964 | -€285 | -4.6% |
| Taxes | 450/3 | €2,648 | €1,806 | -€842 | -31.8% |
| Remuneration and social security | 454/9 | €3,600 | €4,157 | +€557 | +15.5% |
| Other amounts payable | 47/48 | €9,500 | - | -€9,500 | |
| Accrued charges and deferred income | 492/3 | €216 | - | -€216 | |
| Remuneration, social security and pensions | 62 | - | €7,545 | +€7,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,475 | €138,815 | +€22,340 | +19.2% |
| Other operating charges | 640/8 | €7,628 | €17,354 | +€9,727 | +128% |
| Gross operating margin | 9900 | €69,259 | €157,931 | +€88,672 | +128% |
| Operating profit (loss) | 9901 | -€54,844 | -€5,783 | +€49,061 | +89.5% |
| Financial income | 75/76B | €1,373 | €330 | -€1,043 | -75.9% |
| Recurring financial income | 75 | €1,373 | €330 | -€1,043 | -75.9% |
| Financial charges | 65/66B | €16,439 | €21,376 | +€4,936 | +30.0% |
| Recurring financial charges | 65 | €16,439 | €21,376 | +€4,936 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | -€69,911 | -€26,828 | +€43,082 | +61.6% |
| Transfer from deferred taxes | 780 | €1,600 | €1,600 | = | 0.0% |
| Income taxes | 67/77 | €245 | €100 | -€145 | -59.0% |
| Profit (loss) for the period | 9904 | -€68,556 | -€25,329 | +€43,227 | +63.1% |
| Transfer from tax-exempt reserves | 789 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,156 | -€18,929 | +€43,227 | +69.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.