M FARMING: what changed
M FARMING
Largest movements
- Cash -€3,821
down €3,821 (-3.3%), from €116,999 to €113,178
mainly Debts after one year (-€30,000) and Current portion of long-term debt (-€13,568)
- Tangible fixed assets -€3,516
down €3,516 (-6.0%), from €58,278 to €54,761
of which Land and buildings: -€2,881
- Reserves +€32,732
up €32,732 (+64.4%), from €50,827 to €83,559
- Debts after one year -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Current portion of long-term debt -€13,568
down €13,568 (-100%), from €13,568 to €0
- Depreciation -€4,033
down €4,033 (-53.4%), from €7,549 to €3,516
- Gross operating margin +€2,182
up €2,182 (+3.8%), from €58,040 to €60,222
- Taxes +€1,489
up €1,489 (+10.8%), from €13,824 to €15,312
- Financial charges +€1,121
up €1,121 (+28.2%), from €3,979 to €5,100
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,363 | €235,563 | -€8,800 | -3.6% |
| Fixed assets | 21/28 | €58,728 | €55,211 | -€3,516 | -6.0% |
| Tangible fixed assets | 22/27 | €58,278 | €54,761 | -€3,516 | -6.0% |
| Land and buildings | 22 | €56,058 | €53,178 | -€2,881 | -5.1% |
| Plant, machinery and equipment | 23 | €2,219 | €1,583 | -€636 | -28.6% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €185,636 | €180,352 | -€5,284 | -2.8% |
| Stocks and contracts in progress | 3 | €54,924 | €53,299 | -€1,625 | -3.0% |
| Stocks | 30/36 | €54,924 | €53,299 | -€1,625 | -3.0% |
| Amounts receivable within one year | 40/41 | €13,712 | €13,875 | +€163 | +1.2% |
| Trade receivables | 40 | €12,509 | €13,875 | +€1,365 | +10.9% |
| Other amounts receivable | 41 | €1,203 | €0 | -€1,203 | -100% |
| Cash at bank and in hand | 54/58 | €116,999 | €113,178 | -€3,821 | -3.3% |
| Total equity and liabilities | 10/49 | €244,363 | €235,563 | -€8,800 | -3.6% |
| Equity | 10/15 | €63,227 | €95,959 | +€32,732 | +51.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,827 | €83,559 | +€32,732 | +64.4% |
| Distributable reserves | 133 | €50,827 | €83,559 | +€32,732 | +64.4% |
| Amounts payable | 17/49 | €181,136 | €139,604 | -€41,532 | -22.9% |
| Amounts payable after more than one year | 17 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Financial debts | 170/4 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Amounts payable within one year | 42/48 | €88,434 | €75,128 | -€13,307 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €13,568 | €0 | -€13,568 | -100% |
| Trade debts | 44 | €51 | €50 | -€1 | -1.6% |
| Suppliers | 440/4 | €51 | €50 | -€1 | -1.6% |
| Taxes, remuneration and social security | 45 | €3,511 | €4,050 | +€539 | +15.3% |
| Taxes | 450/3 | €3,511 | €4,050 | +€539 | +15.3% |
| Other amounts payable | 47/48 | €71,305 | €71,028 | -€277 | -0.4% |
| Accrued charges and deferred income | 492/3 | €2,702 | €4,476 | +€1,775 | +65.7% |
| Non-recurring operating income | 76A | €4,050 | €2,500 | -€1,550 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,549 | €3,516 | -€4,033 | -53.4% |
| Other operating charges | 640/8 | €3,151 | €3,561 | +€411 | +13.0% |
| Gross operating margin | 9900 | €58,040 | €60,222 | +€2,182 | +3.8% |
| Operating profit (loss) | 9901 | €47,341 | €53,145 | +€5,804 | +12.3% |
| Financial charges | 65/66B | €3,979 | €5,100 | +€1,121 | +28.2% |
| Recurring financial charges | 65 | €3,979 | €5,100 | +€1,121 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €43,362 | €48,045 | +€4,683 | +10.8% |
| Income taxes | 67/77 | €13,824 | €15,312 | +€1,489 | +10.8% |
| Profit (loss) for the period | 9904 | €29,538 | €32,732 | +€3,194 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,538 | €32,732 | +€3,194 | +10.8% |
Next steps
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 7 November 2026 via checked.be.