Falch: 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.
Falch
Largest movements
- Stocks and contracts +€54,569
up €54,569 (+13.6%), from €400,372 to €454,941
- Receivables within one year +€32,876
up €32,876 (+9.7%), from €339,844 to €372,719
of which Trade receivables: +€32,876
- Tangible fixed assets -€32,274
down €32,274 (-20.2%), from €160,008 to €127,733
of which Plant, machinery and equipment: -€25,511
- Cash -€13,433
down €13,433 (-30.3%), from €44,318 to €30,885
mainly Trade debts (-€353,232) and Stocks and contracts (-€54,569)
- Trade debts -€353,232
down €353,232 (-67.5%), from €523,393 to €170,162
- Advances received +€216,881
new in 2024: €216,881
- Tax, wage and social debts +€86,836
up €86,836 (+53.8%), from €161,309 to €248,145
of which Taxes: +€89,802
- Reserves +€68,979
up €68,979 (+45.6%), from €151,287 to €220,266
- Other debts +€21,707
up €21,707 (+27.3%), from €79,468 to €101,175
- Gross operating margin -€305,852
down €305,852 (-59.6%), from €513,560 to €207,708
- Write-downs -€174,589
down €174,589, from €145,312 to -€29,277
- Taxes -€51,892
down €51,892 (-80.6%), from €64,376 to €12,485
- Depreciation -€19,282
down €19,282 (-37.1%), from €52,022 to €32,740
- Financial charges -€7,805
down €7,805 (-24.9%), from €31,372 to €23,567
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €951,547 | €992,186 | +€40,639 | +4.3% |
| Fixed assets | 21/28 | €165,648 | €133,373 | -€32,274 | -19.5% |
| Tangible fixed assets | 22/27 | €160,008 | €127,733 | -€32,274 | -20.2% |
| Plant, machinery and equipment | 23 | €125,187 | €99,676 | -€25,511 | -20.4% |
| Furniture and vehicles | 24 | €21,486 | €17,220 | -€4,266 | -19.9% |
| Other tangible fixed assets | 26 | €13,335 | €10,837 | -€2,498 | -18.7% |
| Financial fixed assets | 28 | €5,640 | €5,640 | = | 0.0% |
| Current assets | 29/58 | €785,899 | €858,813 | +€72,914 | +9.3% |
| Stocks and contracts in progress | 3 | €400,372 | €454,941 | +€54,569 | +13.6% |
| Stocks | 30/36 | €400,372 | €454,941 | +€54,569 | +13.6% |
| Amounts receivable within one year | 40/41 | €339,844 | €372,719 | +€32,876 | +9.7% |
| Trade receivables | 40 | €338,976 | €371,852 | +€32,876 | +9.7% |
| Other amounts receivable | 41 | €868 | €868 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,318 | €30,885 | -€13,433 | -30.3% |
| Deferred charges and accrued income | 490/1 | €1,366 | €268 | -€1,098 | -80.4% |
| Total equity and liabilities | 10/49 | €951,547 | €992,186 | +€40,639 | +4.3% |
| Equity | 10/15 | €171,287 | €240,266 | +€68,979 | +40.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,287 | €220,266 | +€68,979 | +45.6% |
| Distributable reserves | 133 | €151,287 | €220,266 | +€68,979 | +45.6% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Environmental obligations | 163 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €765,260 | €736,921 | -€28,340 | -3.7% |
| Amounts payable within one year | 42/48 | €764,169 | €736,362 | -€27,807 | -3.6% |
| Trade debts | 44 | €523,393 | €170,162 | -€353,232 | -67.5% |
| Suppliers | 440/4 | €523,393 | €170,162 | -€353,232 | -67.5% |
| Advances received on contracts in progress | 46 | - | €216,881 | +€216,881 | |
| Taxes, remuneration and social security | 45 | €161,309 | €248,145 | +€86,836 | +53.8% |
| Taxes | 450/3 | €143,350 | €233,152 | +€89,802 | +62.6% |
| Remuneration and social security | 454/9 | €17,959 | €14,993 | -€2,966 | -16.5% |
| Other amounts payable | 47/48 | €79,468 | €101,175 | +€21,707 | +27.3% |
| Accrued charges and deferred income | 492/3 | €1,091 | €559 | -€533 | -48.8% |
| Non-recurring operating income | 76A | €49,253 | €65,185 | +€15,932 | +32.3% |
| Remuneration, social security and pensions | 62 | €93,273 | €97,948 | +€4,675 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,022 | €32,740 | -€19,282 | -37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €145,312 | -€29,277 | -€174,589 | |
| Other operating charges | 640/8 | €1,633 | €1,267 | -€365 | -22.4% |
| Gross operating margin | 9900 | €513,560 | €207,708 | -€305,852 | -59.6% |
| Operating profit (loss) | 9901 | €221,321 | €105,030 | -€116,291 | -52.5% |
| Financial charges | 65/66B | €31,372 | €23,567 | -€7,805 | -24.9% |
| Recurring financial charges | 65 | €31,372 | €23,567 | -€7,805 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €189,950 | €81,463 | -€108,486 | -57.1% |
| Income taxes | 67/77 | €64,376 | €12,485 | -€51,892 | -80.6% |
| Profit (loss) for the period | 9904 | €125,574 | €68,979 | -€56,595 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,574 | €68,979 | -€56,595 | -45.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.