FALCA PROJECTS: what changed
Two fiscal 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.
FALCA PROJECTS
Largest movements
- Receivables within one year -€167,967
down €167,967 (-21.6%), from €778,782 to €610,815
of which Trade receivables: -€175,512
- Financial fixed assets +€36,858
up €36,858 (+4.7%), from €788,824 to €825,682
- Cash -€34,938
down €34,938 (-25.6%), from €136,679 to €101,741
mainly Trade debts (-€126,642) and Investment in fixed assets (net) (-€81,836)
- Trade debts -€126,642
down €126,642 (-7.5%), from €1.7m to €1.6m
of which Bills of exchange payable: -€129,376
- Tax, wage and social debts -€33,554
down €33,554 (-14.1%), from €238,426 to €204,872
of which Remuneration and social security: -€30,636
- Staff costs -€67,452
down €67,452 (-5.2%), from €1.3m to €1.2m
- Other operating charges +€56,896
up €56,896 (+4262.0%), from €1,335 to €58,231
- Write-downs +€44,487
new in 2025: €44,487
- Gross operating margin +€21,786
up €21,786 (+1.6%), from €1.4m to €1.4m
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.
Cash bridge derived
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 | €1,977,338 | €1,818,386 | -€158,951 | -8.0% |
| Fixed assets | 21/28 | €1,000,655 | €1,034,441 | +€33,786 | +3.4% |
| Tangible fixed assets | 22/27 | €211,832 | €208,760 | -€3,072 | -1.5% |
| Land and buildings | 22 | €27,407 | €37,756 | +€10,350 | +37.8% |
| Plant, machinery and equipment | 23 | €30,220 | €26,186 | -€4,034 | -13.4% |
| Furniture and vehicles | 24 | €154,205 | €144,818 | -€9,387 | -6.1% |
| Financial fixed assets | 28 | €788,824 | €825,682 | +€36,858 | +4.7% |
| Current assets | 29/58 | €976,682 | €783,945 | -€192,737 | -19.7% |
| Amounts receivable within one year | 40/41 | €778,782 | €610,815 | -€167,967 | -21.6% |
| Trade receivables | 40 | €771,693 | €596,181 | -€175,512 | -22.7% |
| Other amounts receivable | 41 | €7,089 | €14,634 | +€7,545 | +106.4% |
| Cash at bank and in hand | 54/58 | €136,679 | €101,741 | -€34,938 | -25.6% |
| Deferred charges and accrued income | 490/1 | €61,221 | €71,389 | +€10,168 | +16.6% |
| Total equity and liabilities | 10/49 | €1,977,338 | €1,818,386 | -€158,951 | -8.0% |
| Equity | 10/15 | €40,987 | €38,545 | -€2,442 | -6.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €43,650 | €43,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,163 | -€66,605 | -€2,442 | -3.8% |
| Amounts payable | 17/49 | €1,936,350 | €1,779,841 | -€156,510 | -8.1% |
| Amounts payable within one year | 42/48 | €1,935,045 | €1,774,840 | -€160,206 | -8.3% |
| Financial debts | 43 | €9 | €0 | -€9 | -100.0% |
| Credit institutions | 430/8 | €9 | €0 | -€9 | -100.0% |
| Trade debts | 44 | €1,696,610 | €1,569,968 | -€126,642 | -7.5% |
| Suppliers | 440/4 | €7,212 | €9,946 | +€2,734 | +37.9% |
| Bills of exchange payable | 441 | €1,689,398 | €1,560,022 | -€129,376 | -7.7% |
| Taxes, remuneration and social security | 45 | €238,426 | €204,872 | -€33,554 | -14.1% |
| Taxes | 450/3 | €47,476 | €44,558 | -€2,918 | -6.1% |
| Remuneration and social security | 454/9 | €190,950 | €160,314 | -€30,636 | -16.0% |
| Accrued charges and deferred income | 492/3 | €1,305 | €5,001 | +€3,696 | +283.3% |
| Non-recurring operating income | 76A | €0 | €816 | +€816 | |
| Remuneration, social security and pensions | 62 | €1,305,329 | €1,237,877 | -€67,452 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,652 | €48,050 | -€2,602 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,487 | +€44,487 | |
| Other operating charges | 640/8 | €1,335 | €58,231 | +€56,896 | +4262.0% |
| Non-recurring operating charges | 66A | €1,533 | €8,235 | +€6,702 | +437.2% |
| Gross operating margin | 9900 | €1,368,671 | €1,390,457 | +€21,786 | +1.6% |
| Operating profit (loss) | 9901 | €9,822 | -€6,423 | -€16,246 | |
| Financial income | 75/76B | €22,623 | €22,531 | -€92 | -0.4% |
| Recurring financial income | 75 | €22,623 | €22,531 | -€92 | -0.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €10,493 | €11,094 | +€601 | +5.7% |
| Recurring financial charges | 65 | €10,463 | €11,094 | +€631 | +6.0% |
| Non-recurring financial charges | 66B | €30 | €0 | -€30 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,952 | €5,013 | -€16,939 | -77.2% |
| Income taxes | 67/77 | €12,911 | €7,455 | -€5,456 | -42.3% |
| Profit (loss) for the period | 9904 | €9,041 | -€2,442 | -€11,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,041 | -€2,442 | -€11,483 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.