LA FERME D'EN BAS: 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.
LA FERME D'EN BAS
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+33.1%), from €4.4m to €5.9m
of which Land and buildings: +€1.1m
- Financial fixed assets -€364,444
down €364,444 (-27.2%), from €1.3m to €974,940
- Cash +€279,566
up €279,566 (+1,293%), from €21,623 to €301,188
mainly Debts after one year (+€747,128) and Other debts (+€400,000)
- Debts after one year +€747,128
up €747,128 (+18.7%), from €4.0m to €4.7m
- Other debts +€400,000
new in 2025: €400,000
- Current portion of long-term debt +€132,236
new in 2025: €132,236
- Profit (loss) carried forward +€76,917
up €76,917 (+6.8%), from -€1.1m to -€1.1m
- Financial charges +€14,418
up €14,418 (+1,532%), from €941 to €15,359
- Taxes -€11,697
down €11,697 (-38.7%), from €30,197 to €18,500
- Depreciation +€7,551
up €7,551 (+18.0%), from €41,946 to €49,496
- Gross operating margin -€6,841
down €6,841 (-3.8%), from €182,215 to €175,375
- Other operating charges +€3,141
up €3,141 (+25.8%), from €12,176 to €15,317
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 | €5,999,362 | €7,388,885 | +€1.4m | +23.2% |
| Fixed assets | 21/28 | €5,780,726 | €6,885,068 | +€1.1m | +19.1% |
| Tangible fixed assets | 22/27 | €4,441,342 | €5,910,128 | +€1.5m | +33.1% |
| Land and buildings | 22 | €4,414,559 | €5,540,229 | +€1.1m | +25.5% |
| Assets under construction and advance payments | 27 | €26,783 | €369,898 | +€343,116 | +1,281% |
| Financial fixed assets | 28 | €1,339,384 | €974,940 | -€364,444 | -27.2% |
| Current assets | 29/58 | €218,636 | €503,817 | +€285,181 | +130% |
| Stocks and contracts in progress | 3 | €39,517 | €54,193 | +€14,676 | +37.1% |
| Stocks | 30/36 | €39,517 | €54,193 | +€14,676 | +37.1% |
| Amounts receivable within one year | 40/41 | €157,497 | €123,436 | -€34,061 | -21.6% |
| Trade receivables | 40 | €76,572 | €90,605 | +€14,033 | +18.3% |
| Other amounts receivable | 41 | €80,925 | €32,831 | -€48,093 | -59.4% |
| Cash at bank and in hand | 54/58 | €21,623 | €301,188 | +€279,566 | +1,293% |
| Deferred charges and accrued income | 490/1 | - | €25,000 | +€25,000 | |
| Total equity and liabilities | 10/49 | €5,999,362 | €7,388,885 | +€1.4m | +23.2% |
| Equity | 10/15 | €1,858,447 | €1,935,364 | +€76,917 | +4.1% |
| Contributions | 10/11 | €2,976,000 | €2,976,000 | = | 0.0% |
| Capital | 10 | €2,976,000 | €2,976,000 | = | 0.0% |
| Issued capital | 100 | €2,976,000 | €2,976,000 | = | 0.0% |
| Reserves | 13 | €12,479 | €12,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,479 | €12,479 | = | 0.0% |
| Legal reserve | 130 | €12,479 | €12,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,130,032 | -€1,053,115 | +€76,917 | +6.8% |
| Amounts payable | 17/49 | €4,140,916 | €5,453,521 | +€1.3m | +31.7% |
| Amounts payable after more than one year | 17 | €4,000,000 | €4,747,128 | +€747,128 | +18.7% |
| Financial debts | 170/4 | €4,000,000 | €4,747,128 | +€747,128 | +18.7% |
| Amounts payable within one year | 42/48 | €139,916 | €705,393 | +€565,478 | +404% |
| Current portion of amounts payable after more than one year | 42 | - | €132,236 | +€132,236 | |
| Trade debts | 44 | €114,716 | €173,158 | +€58,442 | +50.9% |
| Suppliers | 440/4 | €114,716 | €173,158 | +€58,442 | +50.9% |
| Taxes, remuneration and social security | 45 | €25,200 | €0 | -€25,200 | -100% |
| Taxes | 450/3 | €25,200 | €0 | -€25,200 | -100% |
| Other amounts payable | 47/48 | - | €400,000 | +€400,000 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,946 | €49,496 | +€7,551 | +18.0% |
| Other operating charges | 640/8 | €12,176 | €15,317 | +€3,141 | +25.8% |
| Gross operating margin | 9900 | €182,215 | €175,375 | -€6,841 | -3.8% |
| Operating profit (loss) | 9901 | €128,093 | €110,561 | -€17,532 | -13.7% |
| Financial income | 75/76B | €521 | €215 | -€306 | -58.8% |
| Recurring financial income | 75 | €521 | €215 | -€306 | -58.8% |
| Financial charges | 65/66B | €941 | €15,359 | +€14,418 | +1,532% |
| Recurring financial charges | 65 | €941 | €15,359 | +€14,418 | +1,532% |
| Profit (loss) for the period before taxes | 9903 | €127,673 | €95,417 | -€32,256 | -25.3% |
| Income taxes | 67/77 | €30,197 | €18,500 | -€11,697 | -38.7% |
| Profit (loss) for the period | 9904 | €97,476 | €76,917 | -€20,559 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,476 | €76,917 | -€20,559 | -21.1% |
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 26 October 2026 via checked.be.