THE FARM LAB: 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.
THE FARM LAB
Largest movements
- Tangible fixed assets +€37,725
up €37,725 (+2,521%), from €1,497 to €39,222
- Receivables within one year +€20,539
up €20,539 (+115%), from €17,871 to €38,410
- Cash +€11,537
up €11,537 (+42.8%), from €26,949 to €38,486
mainly Other debts (+€28,768) and Debts after one year (+€24,913)
- Other debts +€28,768
up €28,768 (+30.1%), from €95,489 to €124,257
- Debts after one year +€24,913
new in 2025: €24,913
- Tax, wage and social debts +€8,211
up €8,211 (+53.3%), from €15,412 to €23,623
of which Remuneration and social security: +€10,000
- Current portion of long-term debt +€7,540
new in 2025: €7,540
- Financial charges +€14,055
up €14,055 (+12,276%), from €114 to €14,170
- Gross operating margin +€9,161
up €9,161 (+43.7%), from €20,980 to €30,141
- Depreciation +€8,746
up €8,746 (+3,687%), from €237 to €8,983
- Taxes -€5,256
down €5,256 (-87.7%), from €5,992 to €735
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 | €121,320 | €191,565 | +€70,245 | +57.9% |
| Fixed assets | 21/28 | €76,501 | €114,226 | +€37,725 | +49.3% |
| Tangible fixed assets | 22/27 | €1,497 | €39,222 | +€37,725 | +2,521% |
| Furniture and vehicles | 24 | €1,497 | €39,222 | +€37,725 | +2,521% |
| Financial fixed assets | 28 | €75,004 | €75,004 | = | 0.0% |
| Current assets | 29/58 | €44,820 | €77,339 | +€32,520 | +72.6% |
| Amounts receivable within one year | 40/41 | €17,871 | €38,410 | +€20,539 | +115% |
| Trade receivables | 40 | €17,871 | €38,410 | +€20,539 | +115% |
| Cash at bank and in hand | 54/58 | €26,949 | €38,486 | +€11,537 | +42.8% |
| Deferred charges and accrued income | 490/1 | - | €443 | +€443 | |
| Total equity and liabilities | 10/49 | €121,320 | €191,565 | +€70,245 | +57.9% |
| Equity | 10/15 | €10,419 | €11,232 | +€814 | +7.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,602 | €31,416 | +€814 | +2.7% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €30,352 | €31,166 | +€814 | +2.7% |
| Profit (loss) carried forward | 14 | -€22,683 | -€22,683 | = | 0.0% |
| Amounts payable | 17/49 | €110,902 | €180,333 | +€69,431 | +62.6% |
| Amounts payable after more than one year | 17 | - | €24,913 | +€24,913 | |
| Financial debts | 170/4 | - | €24,913 | +€24,913 | |
| Amounts payable within one year | 42/48 | €110,902 | €155,420 | +€44,519 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,540 | +€7,540 | |
| Taxes, remuneration and social security | 45 | €15,412 | €23,623 | +€8,211 | +53.3% |
| Taxes | 450/3 | €15,412 | €13,623 | -€1,789 | -11.6% |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €95,489 | €124,257 | +€28,768 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €8,983 | +€8,746 | +3,687% |
| Other operating charges | 640/8 | €575 | €440 | -€135 | -23.6% |
| Gross operating margin | 9900 | €20,980 | €30,141 | +€9,161 | +43.7% |
| Operating profit (loss) | 9901 | €20,168 | €20,719 | +€551 | +2.7% |
| Financial charges | 65/66B | €114 | €14,170 | +€14,055 | +12,276% |
| Recurring financial charges | 65 | €114 | €14,170 | +€14,055 | +12,276% |
| Profit (loss) for the period before taxes | 9903 | €20,053 | €6,549 | -€13,504 | -67.3% |
| Income taxes | 67/77 | €5,992 | €735 | -€5,256 | -87.7% |
| Profit (loss) for the period | 9904 | €14,062 | €5,814 | -€8,248 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,062 | €5,814 | -€8,248 | -58.7% |
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 19 October 2026 via checked.be.