MARGAFARM: what changed
Two fiscal 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.
MARGAFARM
Largest movements
- Cash -€16,051
down €16,051 (-66.5%), from €24,132 to €8,081
mainly Investment in fixed assets (net) (-€45,374) and Net result for the year (-€4,436)
- Tangible fixed assets +€15,495
up €15,495 (+7.7%), from €201,733 to €217,228
of which Furniture and vehicles: +€35,270
- Deferred charges and accrued income +€3,317
up €3,317 (+140.6%), from €2,360 to €5,677
- Other debts +€10,598
up €10,598 (+20.0%), from €52,920 to €63,518
- Profit (loss) carried forward -€4,436
down €4,436 (-40.4%), from -€10,982 to -€15,418
- Depreciation +€7,873
up €7,873 (+35.8%), from €22,006 to €29,879
- Gross operating margin +€6,103
up €6,103 (+26.1%), from €23,420 to €29,523
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.
Cash bridge derived
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 | €232,971 | €238,112 | +€5,141 | +2.2% |
| Fixed assets | 21/28 | €201,733 | €217,228 | +€15,495 | +7.7% |
| Tangible fixed assets | 22/27 | €201,733 | €217,228 | +€15,495 | +7.7% |
| Land and buildings | 22 | €160,185 | €143,429 | -€16,755 | -10.5% |
| Plant, machinery and equipment | 23 | €21,060 | €18,040 | -€3,020 | -14.3% |
| Furniture and vehicles | 24 | €20,488 | €55,758 | +€35,270 | +172.2% |
| Current assets | 29/58 | €31,238 | €20,885 | -€10,353 | -33.1% |
| Amounts receivable within one year | 40/41 | €4,746 | €7,127 | +€2,380 | +50.2% |
| Trade receivables | 40 | €4,743 | €7,124 | +€2,380 | +50.2% |
| Other amounts receivable | 41 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,132 | €8,081 | -€16,051 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,360 | €5,677 | +€3,317 | +140.6% |
| Total equity and liabilities | 10/49 | €232,971 | €238,112 | +€5,141 | +2.2% |
| Equity | 10/15 | €175,870 | €171,433 | -€4,436 | -2.5% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €98,252 | €98,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,860 | €8,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,860 | €8,860 | = | 0.0% |
| Distributable reserves | 133 | €89,392 | €89,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,982 | -€15,418 | -€4,436 | -40.4% |
| Amounts payable | 17/49 | €57,101 | €66,679 | +€9,578 | +16.8% |
| Amounts payable within one year | 42/48 | €57,101 | €66,679 | +€9,578 | +16.8% |
| Trade debts | 44 | €2,186 | €892 | -€1,294 | -59.2% |
| Suppliers | 440/4 | €2,186 | €892 | -€1,294 | -59.2% |
| Taxes, remuneration and social security | 45 | €1,995 | €2,269 | +€274 | +13.7% |
| Taxes | 450/3 | €1,995 | €2,269 | +€274 | +13.7% |
| Other amounts payable | 47/48 | €52,920 | €63,518 | +€10,598 | +20.0% |
| Non-recurring operating income | 76A | - | €9,474 | +€9,474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,006 | €29,879 | +€7,873 | +35.8% |
| Other operating charges | 640/8 | €3,361 | €3,197 | -€163 | -4.9% |
| Gross operating margin | 9900 | €23,420 | €29,523 | +€6,103 | +26.1% |
| Operating profit (loss) | 9901 | -€1,947 | -€3,554 | -€1,607 | -82.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €516 | €503 | -€13 | -2.6% |
| Recurring financial charges | 65 | €516 | €503 | -€13 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,463 | -€4,054 | -€1,591 | -64.6% |
| Income taxes | 67/77 | €596 | €382 | -€214 | -35.9% |
| Profit (loss) for the period | 9904 | -€3,059 | -€4,436 | -€1,377 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,059 | -€4,436 | -€1,377 | -45.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.