FALCON GG: 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.
FALCON GG
Largest movements
- Tangible fixed assets +€105,319
new in 2025: €105,319
- Cash -€16,352
down €16,352 (-32.6%), from €50,154 to €33,802
mainly Investment in fixed assets (net) (-€114,159) and Receivables within one year (-€13,695)
- Receivables within one year +€13,695
up €13,695 (+20.0%), from €68,420 to €82,115
of which Trade receivables: +€30,250
- Profit (loss) carried forward +€61,162
up €61,162 (+83.8%), from €72,978 to €134,140
- Tax, wage and social debts +€29,348
up €29,348 (+69.4%), from €42,281 to €71,629
of which Taxes: +€29,252
- Other debts +€8,767
up €8,767 (+36.5%), from €24,000 to €32,767
- Gross operating margin -€41,164
down €41,164 (-30.2%), from €136,352 to €95,188
- Taxes -€11,871
down €11,871 (-36.0%), from €33,000 to €21,129
- Depreciation +€7,645
up €7,645 (+639.8%), from €1,195 to €8,840
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 | €257,574 | €360,237 | +€102,662 | +39.9% |
| Fixed assets | 21/28 | €139,000 | €244,319 | +€105,319 | +75.8% |
| Tangible fixed assets | 22/27 | - | €105,319 | +€105,319 | |
| Land and buildings | 22 | - | €105,319 | +€105,319 | |
| Financial fixed assets | 28 | €139,000 | €139,000 | = | 0.0% |
| Current assets | 29/58 | €118,574 | €115,917 | -€2,657 | -2.2% |
| Amounts receivable within one year | 40/41 | €68,420 | €82,115 | +€13,695 | +20.0% |
| Trade receivables | 40 | €15,125 | €45,375 | +€30,250 | +200.0% |
| Other amounts receivable | 41 | €53,295 | €36,740 | -€16,555 | -31.1% |
| Cash at bank and in hand | 54/58 | €50,154 | €33,802 | -€16,352 | -32.6% |
| Total equity and liabilities | 10/49 | €257,574 | €360,237 | +€102,662 | +39.9% |
| Equity | 10/15 | €77,978 | €139,140 | +€61,162 | +78.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,978 | €134,140 | +€61,162 | +83.8% |
| Amounts payable | 17/49 | €179,596 | €221,097 | +€41,501 | +23.1% |
| Amounts payable after more than one year | 17 | €112,320 | €115,690 | +€3,370 | +3.0% |
| Other amounts payable | 178/9 | €112,320 | €115,690 | +€3,370 | +3.0% |
| Amounts payable within one year | 42/48 | €67,276 | €105,007 | +€37,731 | +56.1% |
| Trade debts | 44 | €995 | €610 | -€385 | -38.7% |
| Suppliers | 440/4 | €995 | €610 | -€385 | -38.7% |
| Taxes, remuneration and social security | 45 | €42,281 | €71,629 | +€29,348 | +69.4% |
| Taxes | 450/3 | €42,155 | €71,407 | +€29,252 | +69.4% |
| Remuneration and social security | 454/9 | €126 | €222 | +€96 | +76.2% |
| Other amounts payable | 47/48 | €24,000 | €32,767 | +€8,767 | +36.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €8,840 | +€7,645 | +639.8% |
| Other operating charges | 640/8 | €772 | €453 | -€319 | -41.3% |
| Gross operating margin | 9900 | €136,352 | €95,188 | -€41,164 | -30.2% |
| Operating profit (loss) | 9901 | €134,385 | €85,894 | -€48,490 | -36.1% |
| Financial charges | 65/66B | €4,407 | €3,604 | -€803 | -18.2% |
| Recurring financial charges | 65 | €4,407 | €3,604 | -€803 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €129,978 | €82,290 | -€47,688 | -36.7% |
| Income taxes | 67/77 | €33,000 | €21,129 | -€11,871 | -36.0% |
| Profit (loss) for the period | 9904 | €96,978 | €61,162 | -€35,816 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,978 | €61,162 | -€35,816 | -36.9% |
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 3 October 2026 via checked.be.