ST 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.
ST FARMA
Largest movements
- Cash +€24,931
up €24,931 (+23.1%), from €107,784 to €132,715
mainly Depreciation (+€44,938) and Net result for the year (+€19,921)
- Tangible fixed assets -€21,796
down €21,796 (-10.9%), from €199,242 to €177,446
of which Land and buildings: -€23,423
- Intangible fixed assets -€14,500
down €14,500 (-33.3%), from €43,500 to €29,000
- Stocks and contracts +€11,237
up €11,237 (+8.7%), from €129,680 to €140,918
- Receivables within one year -€8,473
down €8,473 (-13.5%), from €62,869 to €54,396
of which Trade receivables: -€5,202
- Reserves +€19,921
up €19,921 (+14.2%), from €140,345 to €160,267
of which Distributable reserves: +€19,921
- Debts after one year -€12,846
down €12,846 (-40.8%), from €31,459 to €18,613
- Trade debts -€9,195
down €9,195 (-16.2%), from €56,756 to €47,561
- Current portion of long-term debt -€7,456
down €7,456 (-36.9%), from €20,215 to €12,759
- Staff costs +€3,527
up €3,527 (+28.4%), from €12,421 to €15,948
- Gross operating margin +€2,751
up €2,751 (+2.7%), from €102,181 to €104,932
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 | €549,078 | €539,584 | -€9,495 | -1.7% |
| Fixed assets | 21/28 | €242,742 | €206,446 | -€36,296 | -15.0% |
| Intangible fixed assets | 21 | €43,500 | €29,000 | -€14,500 | -33.3% |
| Tangible fixed assets | 22/27 | €199,242 | €177,446 | -€21,796 | -10.9% |
| Land and buildings | 22 | €194,600 | €171,177 | -€23,423 | -12.0% |
| Plant, machinery and equipment | 23 | €4,642 | €6,269 | +€1,628 | +35.1% |
| Current assets | 29/58 | €306,336 | €333,137 | +€26,801 | +8.7% |
| Stocks and contracts in progress | 3 | €129,680 | €140,918 | +€11,237 | +8.7% |
| Stocks | 30/36 | €129,680 | €140,918 | +€11,237 | +8.7% |
| Amounts receivable within one year | 40/41 | €62,869 | €54,396 | -€8,473 | -13.5% |
| Trade receivables | 40 | €57,882 | €52,680 | -€5,202 | -9.0% |
| Other amounts receivable | 41 | €4,988 | €1,717 | -€3,271 | -65.6% |
| Cash at bank and in hand | 54/58 | €107,784 | €132,715 | +€24,931 | +23.1% |
| Deferred charges and accrued income | 490/1 | €6,003 | €5,108 | -€894 | -14.9% |
| Total equity and liabilities | 10/49 | €549,078 | €539,584 | -€9,495 | -1.7% |
| Equity | 10/15 | €324,353 | €344,275 | +€19,921 | +6.1% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €140,345 | €160,267 | +€19,921 | +14.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,485 | €158,407 | +€19,921 | +14.4% |
| Profit (loss) carried forward | 14 | €171,605 | €171,605 | = | 0.0% |
| Amounts payable | 17/49 | €224,725 | €195,309 | -€29,416 | -13.1% |
| Amounts payable after more than one year | 17 | €31,459 | €18,613 | -€12,846 | -40.8% |
| Financial debts | 170/4 | €31,459 | €18,613 | -€12,846 | -40.8% |
| Amounts payable within one year | 42/48 | €188,335 | €171,451 | -€16,884 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €20,215 | €12,759 | -€7,456 | -36.9% |
| Financial debts | 43 | €5,891 | €5,871 | -€20 | -0.3% |
| Credit institutions | 430/8 | €5,891 | €5,871 | -€20 | -0.3% |
| Trade debts | 44 | €56,756 | €47,561 | -€9,195 | -16.2% |
| Suppliers | 440/4 | €56,756 | €47,561 | -€9,195 | -16.2% |
| Taxes, remuneration and social security | 45 | €5,464 | €7,101 | +€1,637 | +30.0% |
| Taxes | 450/3 | €2,113 | €3,680 | +€1,567 | +74.1% |
| Remuneration and social security | 454/9 | €3,351 | €3,421 | +€70 | +2.1% |
| Other amounts payable | 47/48 | €100,009 | €98,160 | -€1,849 | -1.8% |
| Accrued charges and deferred income | 492/3 | €4,931 | €5,245 | +€314 | +6.4% |
| Non-recurring operating income | 76A | €165 | - | -€165 | |
| Remuneration, social security and pensions | 62 | €12,421 | €15,948 | +€3,527 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,679 | €44,938 | -€741 | -1.6% |
| Other operating charges | 640/8 | €4,329 | €4,392 | +€63 | +1.5% |
| Gross operating margin | 9900 | €102,181 | €104,932 | +€2,751 | +2.7% |
| Operating profit (loss) | 9901 | €39,753 | €39,654 | -€99 | -0.2% |
| Financial income | 75/76B | €2,495 | €1,720 | -€775 | -31.1% |
| Recurring financial income | 75 | €2,495 | €1,720 | -€775 | -31.1% |
| Financial charges | 65/66B | €12,430 | €12,361 | -€70 | -0.6% |
| Recurring financial charges | 65 | €12,430 | €12,361 | -€70 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €29,817 | €29,013 | -€804 | -2.7% |
| Income taxes | 67/77 | €9,140 | €9,092 | -€49 | -0.5% |
| Profit (loss) for the period | 9904 | €20,677 | €19,921 | -€756 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,677 | €19,921 | -€756 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.