FALCOMOTIVE: 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.
FALCOMOTIVE
Largest movements
- Stocks and contracts +€541,294
up €541,294 (+34.6%), from €1.6m to €2.1m
- Receivables within one year +€289,500
up €289,500 (+36.1%), from €802,165 to €1.1m
of which Trade receivables: +€222,834
- Cash -€118,850
down €118,850 (-79.2%), from €150,006 to €31,156
mainly Stocks and contracts (-€541,294) and Other debts (-€523,007)
- Tangible fixed assets +€58,538
up €58,538 (+125.9%), from €46,499 to €105,037
of which Plant, machinery and equipment: +€52,245
- Trade debts +€1.0m
up €1.0m (+241.0%), from €417,451 to €1.4m
- Other debts -€523,007
down €523,007 (-96.8%), from €540,170 to €17,163
- Short-term financial debts +€274,011
up €274,011 (+32.2%), from €850,000 to €1.1m
- Tax, wage and social debts +€51,181
up €51,181 (+56.2%), from €91,046 to €142,228
of which Remuneration and social security: +€56,815
- Staff costs +€273,346
up €273,346 (+97.1%), from €281,380 to €554,726
- Gross operating margin +€55,874
up €55,874 (+9.4%), from €592,460 to €648,334
- Taxes -€52,537
down €52,537 (-91.1%), from €57,639 to €5,102
- Financial charges -€13,955
down €13,955 (-22.3%), from €62,532 to €48,577
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 | €2,597,212 | €3,373,793 | +€776,580 | +29.9% |
| Formation expenses | 20 | €36 | €19,121 | +€19,085 | +53746.6% |
| Fixed assets | 21/28 | €57,070 | €114,458 | +€57,388 | +100.6% |
| Intangible fixed assets | 21 | €7,571 | €6,421 | -€1,150 | -15.2% |
| Tangible fixed assets | 22/27 | €46,499 | €105,037 | +€58,538 | +125.9% |
| Plant, machinery and equipment | 23 | €23,853 | €76,098 | +€52,245 | +219.0% |
| Furniture and vehicles | 24 | €18,703 | €11,065 | -€7,638 | -40.8% |
| Other tangible fixed assets | 26 | €3,943 | €17,874 | +€13,931 | +353.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €2,540,107 | €3,240,213 | +€700,107 | +27.6% |
| Stocks and contracts in progress | 3 | €1,564,601 | €2,105,895 | +€541,294 | +34.6% |
| Stocks | 30/36 | €1,564,601 | €2,105,895 | +€541,294 | +34.6% |
| Amounts receivable within one year | 40/41 | €802,165 | €1,091,665 | +€289,500 | +36.1% |
| Trade receivables | 40 | €797,804 | €1,020,638 | +€222,834 | +27.9% |
| Other amounts receivable | 41 | €4,361 | €71,027 | +€66,666 | +1528.7% |
| Cash at bank and in hand | 54/58 | €150,006 | €31,156 | -€118,850 | -79.2% |
| Deferred charges and accrued income | 490/1 | €23,335 | €11,498 | -€11,837 | -50.7% |
| Total equity and liabilities | 10/49 | €2,597,212 | €3,373,793 | +€776,580 | +29.9% |
| Equity | 10/15 | €263,028 | €259,214 | -€3,814 | -1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €163,028 | €159,214 | -€3,814 | -2.3% |
| Distributable reserves | 133 | €163,028 | €159,214 | -€3,814 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,334,185 | €3,114,579 | +€780,394 | +33.4% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,925,907 | €2,707,079 | +€781,172 | +40.6% |
| Financial debts | 43 | €850,000 | €1,124,011 | +€274,011 | +32.2% |
| Credit institutions | 430/8 | €850,000 | €1,124,011 | +€274,011 | +32.2% |
| Trade debts | 44 | €417,451 | €1,423,678 | +€1.0m | +241.0% |
| Suppliers | 440/4 | €417,451 | €1,423,678 | +€1.0m | +241.0% |
| Advances received on contracts in progress | 46 | €27,240 | €0 | -€27,240 | -100.0% |
| Taxes, remuneration and social security | 45 | €91,046 | €142,228 | +€51,181 | +56.2% |
| Taxes | 450/3 | €37,389 | €31,756 | -€5,633 | -15.1% |
| Remuneration and social security | 454/9 | €53,657 | €110,472 | +€56,815 | +105.9% |
| Other amounts payable | 47/48 | €540,170 | €17,163 | -€523,007 | -96.8% |
| Accrued charges and deferred income | 492/3 | €8,277 | €7,500 | -€777 | -9.4% |
| Non-recurring operating income | 76A | €1,447 | €4,367 | +€2,920 | +201.8% |
| Remuneration, social security and pensions | 62 | €281,380 | €554,726 | +€273,346 | +97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,561 | €19,750 | +€3,189 | +19.3% |
| Other operating charges | 640/8 | €19,860 | €14,425 | -€5,435 | -27.4% |
| Non-recurring operating charges | 66A | - | €9,804 | +€9,804 | |
| Gross operating margin | 9900 | €592,460 | €648,334 | +€55,874 | +9.4% |
| Operating profit (loss) | 9901 | €274,659 | €49,628 | -€225,031 | -81.9% |
| Financial income | 75/76B | €3,278 | €237 | -€3,042 | -92.8% |
| Recurring financial income | 75 | €3,278 | €237 | -€3,042 | -92.8% |
| Financial charges | 65/66B | €62,532 | €48,577 | -€13,955 | -22.3% |
| Recurring financial charges | 65 | €62,532 | €48,577 | -€13,955 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €215,405 | €1,288 | -€214,117 | -99.4% |
| Income taxes | 67/77 | €57,639 | €5,102 | -€52,537 | -91.1% |
| Profit (loss) for the period | 9904 | €157,766 | -€3,814 | -€161,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,766 | -€3,814 | -€161,580 |
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 7 October 2026 via checked.be.