IL Farma: what changed
What changed
IL Farma
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€79,137
2024 · €46,110+€33,028
Equity
€928,137
2024 · €1.0m-€107,972
Cash
€116,571
2024 · €77,144+€39,428
Balance sheet total
€1.6m
2024 · €1.6m+€21,276
Largest movements
Assets
- Cash +€39,428
up €39,428 (+51.1%), from €77,144 to €116,571
mainly Other debts (+€128,472) and Net result for the year (+€79,137)
Equity and liabilities
- Other debts +€128,472
up €128,472 (+304%), from €42,255 to €170,727
- Reserves -€107,972
down €107,972 (-92.2%), from €117,109 to €9,137
Income statement
- Gross operating margin +€43,147
up €43,147 (+49.7%), from €86,757 to €129,904
- Other operating charges +€9,075
up €9,075 (+369%), from €2,457 to €11,532
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
€46,110
Gross operating margin
+€43,147
Other operating charges
-€9,075
Financial income
-€65
Financial charges
+€30
Taxes
-€1,009
Result 2025
€79,137
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
+€230,558
Investment
€0
Financing
-€191,131
Cash 2024
€77,144
From operations (derived)
+€230,558
Net result for the year
+€79,137
Depreciation
+€10,692
Receivables within one year
+€7,471
Smaller working-capital items
+€34
Trade debts
+€6,252
Other debts
+€128,472
Accrued charges and deferred income
-€1,500
Financing
-€191,131
Debts after one year
-€4,052
Current portion of long-term debt
+€30
Contributions, distributions and other
-€187,109
Cash 2025
€116,571
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,597,101 | €1,618,377 | +€21,276 | +1.3% |
| Fixed assets | 21/28 | €1,387,720 | €1,377,028 | -€10,692 | -0.8% |
| Tangible fixed assets | 22/27 | €337,720 | €327,028 | -€10,692 | -3.2% |
| Land and buildings | 22 | €337,720 | €327,028 | -€10,692 | -3.2% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €209,381 | €241,348 | +€31,968 | +15.3% |
| Amounts receivable within one year | 40/41 | €131,788 | €124,316 | -€7,471 | -5.7% |
| Trade receivables | 40 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Other amounts receivable | 41 | €121,788 | €111,816 | -€9,971 | -8.2% |
| Cash at bank and in hand | 54/58 | €77,144 | €116,571 | +€39,428 | +51.1% |
| Deferred charges and accrued income | 490/1 | €449 | €460 | +€11 | +2.5% |
| Total equity and liabilities | 10/49 | €1,597,101 | €1,618,377 | +€21,276 | +1.3% |
| Equity | 10/15 | €1,036,109 | €928,137 | -€107,972 | -10.4% |
| Contributions | 10/11 | €919,000 | €919,000 | = | 0.0% |
| Reserves | 13 | €117,109 | €9,137 | -€107,972 | -92.2% |
| Distributable reserves | 133 | €117,109 | €9,137 | -€107,972 | -92.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €560,991 | €690,239 | +€129,248 | +23.0% |
| Amounts payable after more than one year | 17 | €505,353 | €501,301 | -€4,052 | -0.8% |
| Financial debts | 170/4 | €15,353 | €11,301 | -€4,052 | -26.4% |
| Other amounts payable | 178/9 | €490,000 | €490,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,139 | €188,938 | +€134,800 | +249% |
| Current portion of amounts payable after more than one year | 42 | €4,022 | €4,052 | +€30 | +0.8% |
| Trade debts | 44 | €7,862 | €14,114 | +€6,252 | +79.5% |
| Suppliers | 440/4 | €7,862 | €14,114 | +€6,252 | +79.5% |
| Taxes, remuneration and social security | 45 | - | €46 | +€46 | |
| Taxes | 450/3 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €42,255 | €170,727 | +€128,472 | +304% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,692 | €10,692 | = | 0.0% |
| Other operating charges | 640/8 | €2,457 | €11,532 | +€9,075 | +369% |
| Gross operating margin | 9900 | €86,757 | €129,904 | +€43,147 | +49.7% |
| Operating profit (loss) | 9901 | €73,608 | €107,680 | +€34,072 | +46.3% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100% |
| Financial charges | 65/66B | €25,527 | €25,497 | -€30 | -0.1% |
| Recurring financial charges | 65 | €25,527 | €25,497 | -€30 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €48,146 | €82,183 | +€34,037 | +70.7% |
| Income taxes | 67/77 | €2,037 | €3,046 | +€1,009 | +49.6% |
| Profit (loss) for the period | 9904 | €46,110 | €79,137 | +€33,028 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,110 | €79,137 | +€33,028 | +71.6% |
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 8 November 2026 via checked.be.