FARAM: what changed
What changed
FARAM
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€120,146
2025 · -€166,358+€46,212
Equity
€319,783
2025 · €478,676-€158,893
Cash
€173,218
2025 · €256,441-€83,223
Balance sheet total
€3.0m
2025 · €3.4m-€327,011
Largest movements
Assets
- Tangible fixed assets -€110,260
down €110,260 (-11.4%), from €965,547 to €855,286
of which Land and buildings: -€85,415
- Cash -€83,223
down €83,223 (-32.5%), from €256,441 to €173,218
mainly Debts after one year (-€246,044) and Short-term financial debts (-€135,000)
- Receivables within one year -€75,318
down €75,318 (-17.5%), from €429,976 to €354,658
of which Trade receivables: -€77,215
- Stocks and contracts -€70,173
down €70,173 (-4.2%), from €1.7m to €1.6m
Equity and liabilities
- Debts after one year -€246,044
down €246,044 (-28.9%), from €852,822 to €606,777
- Other debts +€200,000
up €200,000 (+40.0%), from €500,000 to €700,000
- Reserves -€158,893
down €158,893 (-61.4%), from €258,676 to €99,783
of which Distributable reserves: -€158,893
- Short-term financial debts -€135,000
down €135,000 (-57.4%), from €235,000 to €100,000
Income statement
- Financial charges -€42,220
down €42,220 (-26.5%), from €159,031 to €116,811
- Financial income +€27,949
up €27,949 (+106%), from €26,418 to €54,367
- Gross operating margin -€19,145
down €19,145 (-4.5%), from €423,198 to €404,053
- Staff costs +€5,746
up €5,746 (+1.8%), from €314,011 to €319,757
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€166,358
Gross operating margin
-€19,145
Staff costs
-€5,746
Depreciation
+€2,345
Other operating charges
-€1,355
Other operating items
-€56
Financial income
+€27,949
Financial charges
+€42,220
Result 2026
-€120,146
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€327,368
Investment
€0
Financing
-€410,591
Cash 2025
€256,441
From operations (derived)
+€327,368
Net result for the year
-€120,146
Depreciation
+€110,463
Stocks and contracts
+€70,173
Receivables within one year
+€75,318
Deferred charges and accrued income
-€12,165
Trade debts
+€1,321
Tax, wage and social debts
+€2,404
Other debts
+€200,000
Financing
-€410,591
Debts after one year
-€246,044
Current portion of long-term debt
+€9,200
Short-term financial debts
-€135,000
Contributions, distributions and other
-€38,747
Cash 2026
€173,218
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,351,975 | €3,024,964 | -€327,011 | -9.8% |
| Fixed assets | 21/28 | €966,173 | €855,710 | -€110,463 | -11.4% |
| Intangible fixed assets | 21 | €203 | €0 | -€203 | -100% |
| Tangible fixed assets | 22/27 | €965,547 | €855,286 | -€110,260 | -11.4% |
| Land and buildings | 22 | €914,799 | €829,384 | -€85,415 | -9.3% |
| Plant, machinery and equipment | 23 | €6,607 | €781 | -€5,825 | -88.2% |
| Furniture and vehicles | 24 | €1,334 | €664 | -€670 | -50.2% |
| Leasing and similar rights | 25 | €42,807 | €24,457 | -€18,349 | -42.9% |
| Financial fixed assets | 28 | €424 | €424 | = | 0.0% |
| Current assets | 29/58 | €2,385,802 | €2,169,253 | -€216,549 | -9.1% |
| Stocks and contracts in progress | 3 | €1,689,197 | €1,619,025 | -€70,173 | -4.2% |
| Stocks | 30/36 | €1,689,197 | €1,619,025 | -€70,173 | -4.2% |
| Amounts receivable within one year | 40/41 | €429,976 | €354,658 | -€75,318 | -17.5% |
| Trade receivables | 40 | €373,767 | €296,552 | -€77,215 | -20.7% |
| Other amounts receivable | 41 | €56,209 | €58,106 | +€1,897 | +3.4% |
| Cash at bank and in hand | 54/58 | €256,441 | €173,218 | -€83,223 | -32.5% |
| Deferred charges and accrued income | 490/1 | €10,188 | €22,353 | +€12,165 | +119% |
| Total equity and liabilities | 10/49 | €3,351,975 | €3,024,964 | -€327,011 | -9.8% |
| Equity | 10/15 | €478,676 | €319,783 | -€158,893 | -33.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €258,676 | €99,783 | -€158,893 | -61.4% |
| Tax-exempt reserves | 132 | €15,782 | €15,782 | = | 0.0% |
| Distributable reserves | 133 | €242,895 | €84,002 | -€158,893 | -65.4% |
| Amounts payable | 17/49 | €2,873,299 | €2,705,180 | -€168,118 | -5.9% |
| Amounts payable after more than one year | 17 | €852,822 | €606,777 | -€246,044 | -28.9% |
| Financial debts | 170/4 | €852,822 | €606,777 | -€246,044 | -28.9% |
| Amounts payable within one year | 42/48 | €2,020,477 | €2,098,403 | +€77,926 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,236,844 | €1,246,044 | +€9,200 | +0.7% |
| Financial debts | 43 | €235,000 | €100,000 | -€135,000 | -57.4% |
| Credit institutions | 430/8 | €235,000 | €100,000 | -€135,000 | -57.4% |
| Trade debts | 44 | €35,785 | €37,107 | +€1,321 | +3.7% |
| Suppliers | 440/4 | €35,785 | €37,107 | +€1,321 | +3.7% |
| Taxes, remuneration and social security | 45 | €12,848 | €15,252 | +€2,404 | +18.7% |
| Taxes | 450/3 | €2,882 | €2,997 | +€115 | +4.0% |
| Remuneration and social security | 454/9 | €9,966 | €12,254 | +€2,289 | +23.0% |
| Other amounts payable | 47/48 | €500,000 | €700,000 | +€200,000 | +40.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €314,011 | €319,757 | +€5,746 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,808 | €110,463 | -€2,345 | -2.1% |
| Other operating charges | 640/8 | €29,946 | €31,301 | +€1,355 | +4.5% |
| Non-recurring operating charges | 66A | €179 | €235 | +€56 | +31.1% |
| Gross operating margin | 9900 | €423,198 | €404,053 | -€19,145 | -4.5% |
| Operating profit (loss) | 9901 | -€33,746 | -€57,702 | -€23,957 | -71.0% |
| Financial income | 75/76B | €26,418 | €54,367 | +€27,949 | +106% |
| Recurring financial income | 75 | €26,418 | €54,367 | +€27,949 | +106% |
| Financial charges | 65/66B | €159,031 | €116,811 | -€42,220 | -26.5% |
| Recurring financial charges | 65 | €159,031 | €116,811 | -€42,220 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€166,358 | -€120,146 | +€46,212 | +27.8% |
| Profit (loss) for the period | 9904 | -€166,358 | -€120,146 | +€46,212 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,358 | -€120,146 | +€46,212 | +27.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.