LD 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.
LD FARMA
Largest movements
- Tangible fixed assets +€49,124
new in 2025: €49,124
of which Furniture and vehicles: +€46,861
- Cash +€15,028
up €15,028 (+234%), from €6,433 to €21,461
mainly Other debts (+€68,101) and Net result for the year (+€33,861)
- Other debts +€68,101
up €68,101 (+29.9%), from €227,471 to €295,571
- Debts after one year -€39,166
down €39,166 (-32.2%), from €121,691 to €82,525
- Reserves +€33,861
up €33,861 (+17.4%), from €194,524 to €228,385
of which Distributable reserves: +€33,861
- Accrued charges and deferred income +€8,092
up €8,092 (+125%), from €6,491 to €14,583
- Financial charges +€5,198
up €5,198 (+43.9%), from €11,849 to €17,047
- Depreciation +€4,634
new in 2025: €4,634
- Taxes -€2,158
down €2,158 (-14.4%), from €14,945 to €12,787
- Gross operating margin +€1,774
up €1,774 (+2.6%), from €67,042 to €68,816
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 | €672,280 | €741,960 | +€69,680 | +10.4% |
| Fixed assets | 21/28 | €660,126 | €709,249 | +€49,124 | +7.4% |
| Tangible fixed assets | 22/27 | - | €49,124 | +€49,124 | |
| Plant, machinery and equipment | 23 | - | €2,263 | +€2,263 | |
| Furniture and vehicles | 24 | - | €46,861 | +€46,861 | |
| Financial fixed assets | 28 | €660,126 | €660,126 | = | 0.0% |
| Current assets | 29/58 | €12,155 | €32,711 | +€20,556 | +169% |
| Amounts receivable within one year | 40/41 | €483 | €2,561 | +€2,078 | +430% |
| Trade receivables | 40 | €150 | €347 | +€197 | +131% |
| Other amounts receivable | 41 | €333 | €2,214 | +€1,881 | +565% |
| Current investments | 50/53 | €5,239 | €7,690 | +€2,452 | +46.8% |
| Cash at bank and in hand | 54/58 | €6,433 | €21,461 | +€15,028 | +234% |
| Deferred charges and accrued income | 490/1 | - | €998 | +€998 | |
| Total equity and liabilities | 10/49 | €672,280 | €741,960 | +€69,680 | +10.4% |
| Equity | 10/15 | €270,977 | €304,838 | +€33,861 | +12.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €194,524 | €228,385 | +€33,861 | +17.4% |
| Non-distributable reserves | 130/1 | €6,055 | €6,055 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,055 | €6,055 | = | 0.0% |
| Distributable reserves | 133 | €188,469 | €222,330 | +€33,861 | +18.0% |
| Profit (loss) carried forward | 14 | €1,453 | €1,453 | = | 0.0% |
| Amounts payable | 17/49 | €401,303 | €437,121 | +€35,818 | +8.9% |
| Amounts payable after more than one year | 17 | €121,691 | €82,525 | -€39,166 | -32.2% |
| Financial debts | 170/4 | €121,691 | €82,525 | -€39,166 | -32.2% |
| Amounts payable within one year | 42/48 | €273,121 | €340,013 | +€66,892 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €39,166 | €39,166 | -€0 | 0.0% |
| Trade debts | 44 | €3,702 | €101 | -€3,601 | -97.3% |
| Suppliers | 440/4 | €3,702 | €101 | -€3,601 | -97.3% |
| Taxes, remuneration and social security | 45 | €2,782 | €5,175 | +€2,393 | +86.0% |
| Taxes | 450/3 | €2,782 | €5,142 | +€2,360 | +84.8% |
| Remuneration and social security | 454/9 | - | €33 | +€33 | |
| Other amounts payable | 47/48 | €227,471 | €295,571 | +€68,101 | +29.9% |
| Accrued charges and deferred income | 492/3 | €6,491 | €14,583 | +€8,092 | +125% |
| Non-recurring operating income | 76A | - | €194 | +€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,634 | +€4,634 | |
| Other operating charges | 640/8 | €384 | €487 | +€103 | +26.8% |
| Gross operating margin | 9900 | €67,042 | €68,816 | +€1,774 | +2.6% |
| Operating profit (loss) | 9901 | €66,658 | €63,695 | -€2,963 | -4.4% |
| Financial charges | 65/66B | €11,849 | €17,047 | +€5,198 | +43.9% |
| Recurring financial charges | 65 | €11,849 | €17,047 | +€5,198 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €54,809 | €46,648 | -€8,161 | -14.9% |
| Income taxes | 67/77 | €14,945 | €12,787 | -€2,158 | -14.4% |
| Profit (loss) for the period | 9904 | €39,864 | €33,861 | -€6,002 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,864 | €33,861 | -€6,002 | -15.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.