FALCON FUND V: 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 V
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,674
up €1,674 (+27.9%), from -€6,000 to -€4,326
- Financial income -€295
down €295 (-99.6%), from €296 to €1
- Financial charges +€230
up €230 (+86.3%), from €267 to €497
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 | €3,955,729 | €3,976,464 | +€20,734 | +0.5% |
| Fixed assets | 21/28 | €3,751,998 | €3,751,998 | = | 0.0% |
| Financial fixed assets | 28 | €3,751,998 | €3,751,998 | = | 0.0% |
| Current assets | 29/58 | €203,732 | €224,466 | +€20,734 | +10.2% |
| Amounts receivable within one year | 40/41 | €1,951 | €225 | -€1,727 | -88.5% |
| Other amounts receivable | 41 | €1,951 | €225 | -€1,727 | -88.5% |
| Cash at bank and in hand | 54/58 | €201,781 | €224,241 | +€22,461 | +11.1% |
| Total equity and liabilities | 10/49 | €3,955,729 | €3,976,464 | +€20,734 | +0.5% |
| Equity | 10/15 | €3,000,171 | €2,995,221 | -€4,950 | -0.2% |
| Contributions | 10/11 | €400,010 | €400,010 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Contributions outside capital | 11 | €10 | €10 | = | 0.0% |
| Share premium | 1100/10 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,560,161 | €2,555,211 | -€4,950 | -0.2% |
| Amounts payable | 17/49 | €955,558 | €981,243 | +€25,684 | +2.7% |
| Amounts payable within one year | 42/48 | €955,558 | €981,243 | +€25,684 | +2.7% |
| Trade debts | 44 | €558 | €555 | -€4 | -0.7% |
| Suppliers | 440/4 | €558 | €555 | -€4 | -0.7% |
| Other amounts payable | 47/48 | €955,000 | €980,688 | +€25,688 | +2.7% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€6,000 | -€4,326 | +€1,674 | +27.9% |
| Operating profit (loss) | 9901 | -€6,126 | -€4,454 | +€1,672 | +27.3% |
| Financial income | 75/76B | €296 | €1 | -€295 | -99.6% |
| Recurring financial income | 75 | €296 | €1 | -€295 | -99.6% |
| Financial charges | 65/66B | €267 | €497 | +€230 | +86.3% |
| Recurring financial charges | 65 | €267 | €497 | +€230 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,097 | -€4,950 | +€1,147 | +18.8% |
| Profit (loss) for the period | 9904 | -€6,097 | -€4,950 | +€1,147 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,097 | -€4,950 | +€1,147 | +18.8% |
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 1 November 2026 via checked.be.