FALCON FUND: 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.
FALCON FUND
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-81.3%), from €1.6m to €297,432
- Cash +€56,255
up €56,255 (+68.9%), from €81,670 to €137,925
mainly Receivables within one year (+€1.3m) and Net result for the year (+€969)
- Other debts -€1.2m
down €1.2m (-100.0%), from €1.2m to €117
- Financial charges +€793,361
up €793,361, from -€792,529 to €832
- Financial income +€6,518
up €6,518 (+3,003%), from €217 to €6,735
- Gross operating margin +€592
up €592 (+11.0%), from -€5,397 to -€4,806
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 | €1,669,633 | €435,357 | -€1.2m | -73.9% |
| Current assets | 29/58 | €1,669,633 | €435,357 | -€1.2m | -73.9% |
| Amounts receivable within one year | 40/41 | €1,587,963 | €297,432 | -€1.3m | -81.3% |
| Other amounts receivable | 41 | €1,587,963 | €297,432 | -€1.3m | -81.3% |
| Cash at bank and in hand | 54/58 | €81,670 | €137,925 | +€56,255 | +68.9% |
| Total equity and liabilities | 10/49 | €1,669,633 | €435,357 | -€1.2m | -73.9% |
| Equity | 10/15 | €433,837 | €434,806 | +€969 | +0.2% |
| Contributions | 10/11 | €128,809 | €128,809 | = | 0.0% |
| Capital | 10 | €128,809 | €128,809 | = | 0.0% |
| Issued capital | 100 | €128,809 | €128,809 | = | 0.0% |
| Reserves | 13 | €12,881 | €12,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,881 | €12,881 | = | 0.0% |
| Legal reserve | 130 | €12,881 | €12,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,147 | €293,116 | +€969 | +0.3% |
| Amounts payable | 17/49 | €1,235,796 | €551 | -€1.2m | -100.0% |
| Amounts payable within one year | 42/48 | €1,235,796 | €551 | -€1.2m | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €600 | €434 | -€166 | -27.7% |
| Suppliers | 440/4 | €600 | €434 | -€166 | -27.7% |
| Other amounts payable | 47/48 | €1,235,196 | €117 | -€1.2m | -100.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€5,397 | -€4,806 | +€592 | +11.0% |
| Operating profit (loss) | 9901 | -€5,523 | -€4,934 | +€590 | +10.7% |
| Financial income | 75/76B | €217 | €6,735 | +€6,518 | +3,003% |
| Recurring financial income | 75 | €217 | €6,735 | +€6,518 | +3,003% |
| Financial charges | 65/66B | -€792,529 | €832 | +€793,361 | |
| Recurring financial charges | 65 | -€792,529 | €832 | +€793,361 | |
| Profit (loss) for the period before taxes | 9903 | €787,223 | €969 | -€786,253 | -99.9% |
| Profit (loss) for the period | 9904 | €787,223 | €969 | -€786,253 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €787,223 | €969 | -€786,253 | -99.9% |
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 14 October 2026 via checked.be.