Ma Ferme: 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.
Ma Ferme
Largest movements
- Cash -€37,709
down €37,709 (-67.1%), from €56,179 to €18,470
mainly Net result for the year (-€63,778) and Other debts (-€52,466)
- Profit (loss) carried forward -€63,778
down €63,778 (-15.3%), from -€417,468 to -€481,246
- Other debts -€52,466
down €52,466 (-99.4%), from €52,804 to €338
- Trade debts +€38,221
up €38,221 (+317%), from €12,053 to €50,274
- Gross operating margin +€49,689
up €49,689 (+278%), from €17,867 to €67,556
- Staff costs +€19,642
up €19,642 (+41.5%), from €47,277 to €66,919
- Depreciation +€4,788
up €4,788 (+8.1%), from €59,215 to €64,003
- Other operating charges -€3,709
no longer reported in 2025 (was €3,709)
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 | €1,850,313 | €1,786,669 | -€63,644 | -3.4% |
| Fixed assets | 21/28 | €1,741,874 | €1,722,209 | -€19,665 | -1.1% |
| Intangible fixed assets | 21 | €3,038 | €1,038 | -€2,000 | -65.8% |
| Tangible fixed assets | 22/27 | €1,734,336 | €1,716,671 | -€17,665 | -1.0% |
| Land and buildings | 22 | €1,714,732 | €1,697,304 | -€17,428 | -1.0% |
| Plant, machinery and equipment | 23 | €12,064 | €6,726 | -€5,338 | -44.2% |
| Furniture and vehicles | 24 | €7,540 | €2,863 | -€4,677 | -62.0% |
| Other tangible fixed assets | 26 | - | €9,778 | +€9,778 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €108,439 | €64,460 | -€43,979 | -40.6% |
| Amounts receivable within one year | 40/41 | €50,612 | €44,853 | -€5,759 | -11.4% |
| Trade receivables | 40 | €25,042 | €21,919 | -€3,123 | -12.5% |
| Other amounts receivable | 41 | €25,570 | €22,934 | -€2,636 | -10.3% |
| Cash at bank and in hand | 54/58 | €56,179 | €18,470 | -€37,709 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,137 | -€511 | -31.0% |
| Total equity and liabilities | 10/49 | €1,850,313 | €1,786,669 | -€63,644 | -3.4% |
| Equity | 10/15 | €1,778,592 | €1,716,204 | -€62,388 | -3.5% |
| Contributions | 10/11 | €2,196,060 | €2,197,450 | +€1,390 | +0.1% |
| Profit (loss) carried forward | 14 | -€417,468 | -€481,246 | -€63,778 | -15.3% |
| Amounts payable | 17/49 | €71,721 | €70,465 | -€1,256 | -1.8% |
| Amounts payable within one year | 42/48 | €68,092 | €61,188 | -€6,904 | -10.1% |
| Trade debts | 44 | €12,053 | €50,274 | +€38,221 | +317% |
| Suppliers | 440/4 | €12,053 | €50,274 | +€38,221 | +317% |
| Taxes, remuneration and social security | 45 | €3,235 | €10,576 | +€7,341 | +227% |
| Taxes | 450/3 | - | €4,861 | +€4,861 | |
| Remuneration and social security | 454/9 | €3,235 | €5,715 | +€2,480 | +76.7% |
| Other amounts payable | 47/48 | €52,804 | €338 | -€52,466 | -99.4% |
| Accrued charges and deferred income | 492/3 | €3,629 | €9,277 | +€5,648 | +156% |
| Remuneration, social security and pensions | 62 | €47,277 | €66,919 | +€19,642 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,215 | €64,003 | +€4,788 | +8.1% |
| Other operating charges | 640/8 | €3,709 | - | -€3,709 | |
| Gross operating margin | 9900 | €17,867 | €67,556 | +€49,689 | +278% |
| Operating profit (loss) | 9901 | -€92,334 | -€63,366 | +€28,968 | +31.4% |
| Financial income | 75/76B | €148 | - | -€148 | |
| Recurring financial income | 75 | €148 | - | -€148 | |
| Financial charges | 65/66B | €537 | €412 | -€125 | -23.3% |
| Recurring financial charges | 65 | €537 | €412 | -€125 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€92,723 | -€63,778 | +€28,945 | +31.2% |
| Profit (loss) for the period | 9904 | -€92,723 | -€63,778 | +€28,945 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,723 | -€63,778 | +€28,945 | +31.2% |
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 15 October 2026 via checked.be.