W.A. 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.
W.A. FARMA
Largest movements
- Current investments +€105,500
up €105,500 (+42.2%), from €250,000 to €355,500
- Tangible fixed assets -€58,097
down €58,097 (-19.6%), from €295,792 to €237,695
of which Plant, machinery and equipment: -€30,656
- Receivables within one year +€42,791
up €42,791 (+56.7%), from €75,451 to €118,242
of which Trade receivables: +€42,791
- Cash -€13,855
down €13,855 (-5.9%), from €233,383 to €219,528
mainly Current investments (-€105,500) and Contributions, distributions and other (-€92,800)
- Stocks and contracts +€12,324
up €12,324 (+9.4%), from €130,857 to €143,180
- Other debts +€73,740
up €73,740 (+49.6%), from €148,809 to €222,549
- Trade debts +€40,493
up €40,493 (+39.2%), from €103,394 to €143,887
- Tax, wage and social debts -€24,060
down €24,060 (-55.9%), from €43,028 to €18,968
of which Taxes: -€33,424
- Reserves +€18,657
up €18,657 (+3.4%), from €551,301 to €569,958
- Debts after one year -€15,489
down €15,489 (-34.9%), from €44,383 to €28,894
- Gross operating margin +€57,612
up €57,612 (+23.0%), from €250,304 to €307,916
- Staff costs +€55,689
up €55,689 (+444%), from €12,556 to €68,246
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 | €994,277 | €1,086,607 | +€92,330 | +9.3% |
| Fixed assets | 21/28 | €298,389 | €243,008 | -€55,381 | -18.6% |
| Tangible fixed assets | 22/27 | €295,792 | €237,695 | -€58,097 | -19.6% |
| Plant, machinery and equipment | 23 | €194,379 | €163,723 | -€30,656 | -15.8% |
| Furniture and vehicles | 24 | €101,413 | €73,972 | -€27,441 | -27.1% |
| Financial fixed assets | 28 | €2,597 | €5,312 | +€2,715 | +105% |
| Current assets | 29/58 | €695,888 | €843,599 | +€147,711 | +21.2% |
| Stocks and contracts in progress | 3 | €130,857 | €143,180 | +€12,324 | +9.4% |
| Stocks | 30/36 | €130,857 | €143,180 | +€12,324 | +9.4% |
| Amounts receivable within one year | 40/41 | €75,451 | €118,242 | +€42,791 | +56.7% |
| Trade receivables | 40 | €75,451 | €118,242 | +€42,791 | +56.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €250,000 | €355,500 | +€105,500 | +42.2% |
| Cash at bank and in hand | 54/58 | €233,383 | €219,528 | -€13,855 | -5.9% |
| Deferred charges and accrued income | 490/1 | €6,196 | €7,148 | +€952 | +15.4% |
| Total equity and liabilities | 10/49 | €994,277 | €1,086,607 | +€92,330 | +9.3% |
| Equity | 10/15 | €629,293 | €647,950 | +€18,657 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €551,301 | €569,958 | +€18,657 | +3.4% |
| Distributable reserves | 133 | €551,301 | €569,958 | +€18,657 | +3.4% |
| Profit (loss) carried forward | 14 | €57,992 | €57,992 | = | 0.0% |
| Amounts payable | 17/49 | €364,984 | €438,657 | +€73,673 | +20.2% |
| Amounts payable after more than one year | 17 | €44,383 | €28,894 | -€15,489 | -34.9% |
| Financial debts | 170/4 | €44,383 | €28,894 | -€15,489 | -34.9% |
| Amounts payable within one year | 42/48 | €310,531 | €400,893 | +€90,362 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €15,300 | €15,489 | +€189 | +1.2% |
| Trade debts | 44 | €103,394 | €143,887 | +€40,493 | +39.2% |
| Suppliers | 440/4 | €103,394 | €143,887 | +€40,493 | +39.2% |
| Taxes, remuneration and social security | 45 | €43,028 | €18,968 | -€24,060 | -55.9% |
| Taxes | 450/3 | €40,256 | €6,832 | -€33,424 | -83.0% |
| Remuneration and social security | 454/9 | €2,772 | €12,136 | +€9,364 | +338% |
| Other amounts payable | 47/48 | €148,809 | €222,549 | +€73,740 | +49.6% |
| Accrued charges and deferred income | 492/3 | €10,070 | €8,870 | -€1,200 | -11.9% |
| Non-recurring operating income | 76A | - | €9,090 | +€9,090 | |
| Remuneration, social security and pensions | 62 | €12,556 | €68,246 | +€55,689 | +444% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,171 | €69,605 | -€566 | -0.8% |
| Other operating charges | 640/8 | €2,012 | €758 | -€1,255 | -62.3% |
| Gross operating margin | 9900 | €250,304 | €307,916 | +€57,612 | +23.0% |
| Operating profit (loss) | 9901 | €165,564 | €169,307 | +€3,743 | +2.3% |
| Financial income | 75/76B | €4,900 | €5,286 | +€386 | +7.9% |
| Recurring financial income | 75 | €4,900 | €5,286 | +€386 | +7.9% |
| Financial charges | 65/66B | €14,450 | €13,488 | -€962 | -6.7% |
| Recurring financial charges | 65 | €14,450 | €13,488 | -€962 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €156,014 | €161,105 | +€5,091 | +3.3% |
| Income taxes | 67/77 | €47,501 | €49,648 | +€2,148 | +4.5% |
| Profit (loss) for the period | 9904 | €108,513 | €111,457 | +€2,944 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,513 | €111,457 | +€2,944 | +2.7% |
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 1 November 2026 via checked.be.