R2 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.
What changed
R2 FARMA
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€288,361
2024 · €350,921-€62,561
Equity
€2.3m
2024 · €2.0m+€288,361
Cash
€17,064
2024 · €17,551-€487
Balance sheet total
€4.8m
2024 · €4.8m-€30,528
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€325,306
down €325,306 (-14.7%), from €2.2m to €1.9m
- Reserves +€288,361
up €288,361 (+15.7%), from €1.8m to €2.1m
Income statement
- Gross operating margin -€72,247
down €72,247 (-13.4%), from €539,734 to €467,487
- Taxes -€18,578
down €18,578 (-16.6%), from €112,140 to €93,562
- Financial income -€12,489
no longer reported in 2025 (was €12,489)
of which Financial income: -€12,489
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.
Result 2024
€350,921
Gross operating margin
-€72,247
Depreciation
+€397
Other operating charges
+€727
Financial income
-€12,489
Financial charges
+€2,473
Taxes
+€18,578
Result 2025
€288,361
raises the resultlowers the result
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.
From operations
+€335,305
Investment
€0
Financing
-€335,792
Cash 2024
€17,551
From operations (derived)
+€335,305
Net result for the year
+€288,361
Depreciation
+€27,777
Receivables within one year
+€1,497
Deferred charges and accrued income
+€767
Trade debts
-€3,610
Tax, wage and social debts
+€2,222
Other debts
+€6,326
Accrued charges and deferred income
+€11,965
Financing
-€335,792
Debts after one year
-€325,306
Current portion of long-term debt
-€3,190
Short-term financial debts
-€7,296
Cash 2025
€17,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,818,922 | €4,788,393 | -€30,528 | -0.6% |
| Fixed assets | 21/28 | €4,713,572 | €4,685,795 | -€27,777 | -0.6% |
| Tangible fixed assets | 22/27 | €266,910 | €239,133 | -€27,777 | -10.4% |
| Land and buildings | 22 | €210,477 | €197,103 | -€13,375 | -6.4% |
| Plant, machinery and equipment | 23 | €842 | €346 | -€495 | -58.8% |
| Furniture and vehicles | 24 | €55,591 | €41,684 | -€13,907 | -25.0% |
| Financial fixed assets | 28 | €4,446,663 | €4,446,663 | = | 0.0% |
| Current assets | 29/58 | €105,349 | €102,598 | -€2,751 | -2.6% |
| Amounts receivable within one year | 40/41 | €82,775 | €81,278 | -€1,497 | -1.8% |
| Trade receivables | 40 | €43,090 | €55,905 | +€12,815 | +29.7% |
| Other amounts receivable | 41 | €39,685 | €25,373 | -€14,312 | -36.1% |
| Cash at bank and in hand | 54/58 | €17,551 | €17,064 | -€487 | -2.8% |
| Deferred charges and accrued income | 490/1 | €5,024 | €4,256 | -€767 | -15.3% |
| Total equity and liabilities | 10/49 | €4,818,922 | €4,788,393 | -€30,528 | -0.6% |
| Equity | 10/15 | €1,986,636 | €2,274,996 | +€288,361 | +14.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,836,636 | €2,124,996 | +€288,361 | +15.7% |
| Distributable reserves | 133 | €1,836,636 | €2,124,996 | +€288,361 | +15.7% |
| Amounts payable | 17/49 | €2,832,286 | €2,513,397 | -€318,889 | -11.3% |
| Amounts payable after more than one year | 17 | €2,218,076 | €1,892,770 | -€325,306 | -14.7% |
| Financial debts | 170/4 | €2,218,076 | €1,892,770 | -€325,306 | -14.7% |
| Amounts payable within one year | 42/48 | €597,208 | €591,659 | -€5,549 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €328,496 | €325,306 | -€3,190 | -1.0% |
| Financial debts | 43 | €33,876 | €26,580 | -€7,296 | -21.5% |
| Credit institutions | 430/8 | €33,876 | €26,580 | -€7,296 | -21.5% |
| Trade debts | 44 | €3,981 | €371 | -€3,610 | -90.7% |
| Suppliers | 440/4 | €3,981 | €371 | -€3,610 | -90.7% |
| Taxes, remuneration and social security | 45 | €39,979 | €42,201 | +€2,222 | +5.6% |
| Taxes | 450/3 | €39,979 | €42,201 | +€2,222 | +5.6% |
| Other amounts payable | 47/48 | €190,876 | €197,201 | +€6,326 | +3.3% |
| Accrued charges and deferred income | 492/3 | €17,002 | €28,968 | +€11,965 | +70.4% |
| Non-recurring operating income | 76A | €1,489 | €4,208 | +€2,719 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,174 | €27,777 | -€397 | -1.4% |
| Other operating charges | 640/8 | €3,145 | €2,418 | -€727 | -23.1% |
| Gross operating margin | 9900 | €539,734 | €467,487 | -€72,247 | -13.4% |
| Operating profit (loss) | 9901 | €508,414 | €437,292 | -€71,123 | -14.0% |
| Financial income | 75/76B | €12,489 | - | -€12,489 | |
| Recurring financial income | 75 | €12,489 | - | -€12,489 | |
| Non-recurring financial income | 76B | €12,489 | - | -€12,489 | |
| Financial charges | 65/66B | €57,842 | €55,369 | -€2,473 | -4.3% |
| Recurring financial charges | 65 | €57,842 | €55,369 | -€2,473 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €463,062 | €381,923 | -€81,139 | -17.5% |
| Income taxes | 67/77 | €112,140 | €93,562 | -€18,578 | -16.6% |
| Profit (loss) for the period | 9904 | €350,921 | €288,361 | -€62,561 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €350,921 | €288,361 | -€62,561 | -17.8% |
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 28 October 2026 via checked.be.