KG FARMA: 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.
KG FARMA
Largest movements
- Stocks and contracts -€12,839
down €12,839 (-6.5%), from €196,454 to €183,615
- Cash +€11,746
up €11,746 (+34.4%), from €34,109 to €45,855
mainly Net result for the year (+€77,307) and Other debts (+€25,621)
- Tangible fixed assets -€11,552
down €11,552 (-3.9%), from €296,631 to €285,079
of which Land and buildings: -€10,464
- Debts after one year -€111,590
down €111,590 (-24.0%), from €465,684 to €354,095
- Profit (loss) carried forward +€68,307
up €68,307 (+13.7%), from -€500,001 to -€431,695
- Other debts +€25,621
up €25,621 (+10.3%), from €248,837 to €274,458
- Tax, wage and social debts +€6,754
up €6,754 (+14.5%), from €46,491 to €53,245
of which Taxes: +€7,166
- Depreciation -€37,772
down €37,772 (-76.6%), from €49,324 to €11,552
- Gross operating margin -€28,158
down €28,158 (-15.0%), from €188,296 to €160,138
- Taxes -€6,195
down €6,195 (-23.4%), from €26,444 to €20,249
- Financial charges -€3,428
down €3,428 (-11.1%), from €30,748 to €27,320
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €630,763 | €622,811 | -€7,952 | -1.3% |
| Fixed assets | 21/28 | €303,850 | €292,297 | -€11,552 | -3.8% |
| Tangible fixed assets | 22/27 | €296,631 | €285,079 | -€11,552 | -3.9% |
| Land and buildings | 22 | €293,384 | €282,920 | -€10,464 | -3.6% |
| Plant, machinery and equipment | 23 | €1,146 | €1,146 | = | 0.0% |
| Furniture and vehicles | 24 | €2,102 | €1,014 | -€1,088 | -51.8% |
| Financial fixed assets | 28 | €7,218 | €7,218 | = | 0.0% |
| Current assets | 29/58 | €326,913 | €330,513 | +€3,600 | +1.1% |
| Stocks and contracts in progress | 3 | €196,454 | €183,615 | -€12,839 | -6.5% |
| Stocks | 30/36 | €196,454 | €183,615 | -€12,839 | -6.5% |
| Amounts receivable within one year | 40/41 | €96,350 | €101,043 | +€4,693 | +4.9% |
| Trade receivables | 40 | €56,124 | €60,817 | +€4,693 | +8.4% |
| Other amounts receivable | 41 | €40,227 | €40,227 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,109 | €45,855 | +€11,746 | +34.4% |
| Total equity and liabilities | 10/49 | €630,763 | €622,811 | -€7,952 | -1.3% |
| Equity | 10/15 | -€331,267 | -€262,961 | +€68,307 | +20.6% |
| Contributions | 10/11 | €153,395 | €153,395 | = | 0.0% |
| Reserves | 13 | €15,339 | €15,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,339 | €15,339 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,339 | €15,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€500,001 | -€431,695 | +€68,307 | +13.7% |
| Amounts payable | 17/49 | €962,030 | €885,771 | -€76,259 | -7.9% |
| Amounts payable after more than one year | 17 | €465,684 | €354,095 | -€111,590 | -24.0% |
| Financial debts | 170/4 | €465,684 | €354,095 | -€111,590 | -24.0% |
| Amounts payable within one year | 42/48 | €496,346 | €531,677 | +€35,331 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €108,774 | €111,590 | +€2,816 | +2.6% |
| Trade debts | 44 | €92,244 | €92,383 | +€139 | +0.2% |
| Suppliers | 440/4 | €92,244 | €92,383 | +€139 | +0.2% |
| Taxes, remuneration and social security | 45 | €46,491 | €53,245 | +€6,754 | +14.5% |
| Taxes | 450/3 | €42,404 | €49,570 | +€7,166 | +16.9% |
| Remuneration and social security | 454/9 | €4,087 | €3,676 | -€412 | -10.1% |
| Other amounts payable | 47/48 | €248,837 | €274,458 | +€25,621 | +10.3% |
| Remuneration, social security and pensions | 62 | €20,935 | €22,088 | +€1,153 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,324 | €11,552 | -€37,772 | -76.6% |
| Other operating charges | 640/8 | €2,499 | €2,595 | +€96 | +3.8% |
| Gross operating margin | 9900 | €188,296 | €160,138 | -€28,158 | -15.0% |
| Operating profit (loss) | 9901 | €115,539 | €123,903 | +€8,364 | +7.2% |
| Financial income | 75/76B | €1,057 | €972 | -€85 | -8.0% |
| Recurring financial income | 75 | €1,057 | €972 | -€85 | -8.0% |
| Financial charges | 65/66B | €30,748 | €27,320 | -€3,428 | -11.1% |
| Recurring financial charges | 65 | €30,748 | €27,320 | -€3,428 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €85,848 | €97,555 | +€11,708 | +13.6% |
| Income taxes | 67/77 | €26,444 | €20,249 | -€6,195 | -23.4% |
| Profit (loss) for the period | 9904 | €59,404 | €77,307 | +€17,903 | +30.1% |
| Transfer from tax-exempt reserves | 789 | €37,667 | - | -€37,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,071 | €77,307 | -€19,764 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.