La Fermette: 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 Fermette
Largest movements
- Current investments -€888,217
down €888,217 (-74.8%), from €1.2m to €300,000
- Tangible fixed assets +€715,622
up €715,622 (+321%), from €223,271 to €938,893
of which Assets under construction and advance payments: +€693,728
- Cash +€492,186
up €492,186 (+52.6%), from €936,424 to €1.4m
mainly Current investments (+€888,217) and Accrued charges and deferred income (+€269,014)
- Receivables within one year +€76,326
up €76,326 (+41.5%), from €183,961 to €260,287
of which Other amounts receivable: +€65,410
- Accrued charges and deferred income +€269,014
up €269,014 (+186%), from €144,383 to €413,397
- Profit (loss) carried forward +€104,013
up €104,013 (+7.0%), from €1.5m to €1.6m
- Debts within one year +€32,287
up €32,287 (+5.1%), from €628,984 to €661,271
of which Tax, wage and social debts: +€18,243
- Gross operating margin +€122,470
up €122,470 (+5.2%), from €2.4m to €2.5m
- Staff costs +€101,243
up €101,243 (+4.4%), from €2.3m to €2.4m
- Financial income +€50,912
up €50,912 (+1,276%), from €3,991 to €54,903
of which Financial income: +€44,804
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 | €2,557,190 | €2,962,504 | +€405,314 | +15.8% |
| Fixed assets | 21/28 | €223,271 | €939,557 | +€716,286 | +321% |
| Tangible fixed assets | 22/27 | €223,271 | €938,893 | +€715,622 | +321% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €35,353 | €51,302 | +€15,949 | +45.1% |
| Furniture and vehicles | 24 | €44,716 | €50,661 | +€5,945 | +13.3% |
| Assets under construction and advance payments | 27 | €113,202 | €806,930 | +€693,728 | +613% |
| Financial fixed assets | 28 | - | €664 | +€664 | |
| Current assets | 29/58 | €2,333,919 | €2,022,947 | -€310,972 | -13.3% |
| Amounts receivable within one year | 40/41 | €183,961 | €260,287 | +€76,326 | +41.5% |
| Trade receivables | 40 | €7,194 | €18,110 | +€10,916 | +152% |
| Other amounts receivable | 41 | €176,767 | €242,177 | +€65,410 | +37.0% |
| Current investments | 50/53 | €1,188,217 | €300,000 | -€888,217 | -74.8% |
| Cash at bank and in hand | 54/58 | €936,424 | €1,428,610 | +€492,186 | +52.6% |
| Deferred charges and accrued income | 490/1 | €25,317 | €34,050 | +€8,733 | +34.5% |
| Total equity and liabilities | 10/49 | €2,557,190 | €2,962,504 | +€405,314 | +15.8% |
| Equity | 10/15 | €1,783,823 | €1,887,836 | +€104,013 | +5.8% |
| Contributions | 10/11 | €297,178 | €297,178 | = | 0.0% |
| Capital | 10 | €297,178 | €297,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,486,645 | €1,590,658 | +€104,013 | +7.0% |
| Amounts payable | 17/49 | €773,367 | €1,074,668 | +€301,301 | +39.0% |
| Amounts payable within one year | 42/48 | €628,984 | €661,271 | +€32,287 | +5.1% |
| Trade debts | 44 | €32,764 | €38,178 | +€5,414 | +16.5% |
| Suppliers | 440/4 | €32,764 | €38,178 | +€5,414 | +16.5% |
| Taxes, remuneration and social security | 45 | €295,329 | €313,572 | +€18,243 | +6.2% |
| Taxes | 450/3 | €55,517 | €49,846 | -€5,671 | -10.2% |
| Remuneration and social security | 454/9 | €239,812 | €263,726 | +€23,914 | +10.0% |
| Accrued charges and deferred income | 492/3 | €144,383 | €413,397 | +€269,014 | +186% |
| Non-recurring operating income | 76A | €4,726 | €1 | -€4,725 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,289,967 | €2,391,210 | +€101,243 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,468 | €31,076 | +€3,608 | +13.1% |
| Other operating charges | 640/8 | €7,358 | €8,021 | +€663 | +9.0% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €2,358,362 | €2,480,832 | +€122,470 | +5.2% |
| Operating profit (loss) | 9901 | €33,569 | €50,408 | +€16,839 | +50.2% |
| Financial income | 75/76B | €3,991 | €54,903 | +€50,912 | +1,276% |
| Recurring financial income | 75 | €3,991 | €48,795 | +€44,804 | +1,123% |
| Non-recurring financial income | 76B | - | €6,108 | +€6,108 | |
| Financial charges | 65/66B | €620 | €674 | +€54 | +8.7% |
| Recurring financial charges | 65 | €620 | €674 | +€54 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €36,940 | €104,637 | +€67,697 | +183% |
| Income taxes | 67/77 | €370 | €624 | +€254 | +68.6% |
| Profit (loss) for the period | 9904 | €36,570 | €104,013 | +€67,443 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €36,570 | €104,013 | +€67,443 | +184% |
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 18 October 2026 via checked.be.