FALCON GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€94,300
down €94,300 (-7.7%), from €1.2m to €1.1m
of which Furniture and vehicles: -€51,423
- Receivables within one year +€16,192
up €16,192 (+27.9%), from €57,958 to €74,150
of which Other amounts receivable: +€8,436
- Debts after one year -€48,259
down €48,259 (-6.4%), from €749,099 to €700,840
- Reserves +€47,977
up €47,977 (+17.0%), from €282,821 to €330,798
of which Distributable reserves: +€47,977
- Other debts -€36,072
down €36,072 (-90.2%), from €39,990 to €3,918
- Tax, wage and social debts -€27,843
down €27,843 (-38.9%), from €71,552 to €43,709
of which Taxes: -€27,843
- Depreciation -€18,796
down €18,796 (-20.3%), from €92,467 to €73,671
- Gross operating margin -€15,466
down €15,466 (-7.0%), from €219,932 to €204,466
- Financial charges +€6,328
up €6,328 (+23.5%), from €26,930 to €33,258
of which Non-recurring financial charges: +€8,264
- Taxes -€4,090
down €4,090 (-14.4%), from €28,492 to €24,402
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 | €1,305,087 | €1,249,487 | -€55,599 | -4.3% |
| Fixed assets | 21/28 | €1,225,174 | €1,130,875 | -€94,300 | -7.7% |
| Tangible fixed assets | 22/27 | €1,224,972 | €1,130,673 | -€94,300 | -7.7% |
| Land and buildings | 22 | €1,118,702 | €1,077,359 | -€41,342 | -3.7% |
| Plant, machinery and equipment | 23 | €1,197 | €947 | -€250 | -20.9% |
| Furniture and vehicles | 24 | €52,966 | €1,544 | -€51,423 | -97.1% |
| Other tangible fixed assets | 26 | €52,107 | €50,822 | -€1,285 | -2.5% |
| Financial fixed assets | 28 | €202 | €202 | = | 0.0% |
| Current assets | 29/58 | €79,912 | €118,613 | +€38,701 | +48.4% |
| Amounts receivable within one year | 40/41 | €57,958 | €74,150 | +€16,192 | +27.9% |
| Trade receivables | 40 | €57,825 | €65,581 | +€7,756 | +13.4% |
| Other amounts receivable | 41 | €133 | €8,568 | +€8,436 | +6355.1% |
| Cash at bank and in hand | 54/58 | €14,584 | €25,213 | +€10,629 | +72.9% |
| Deferred charges and accrued income | 490/1 | €7,370 | €19,250 | +€11,880 | +161.2% |
| Total equity and liabilities | 10/49 | €1,305,087 | €1,249,487 | -€55,599 | -4.3% |
| Equity | 10/15 | €366,421 | €414,398 | +€47,977 | +13.1% |
| Contributions | 10/11 | €83,600 | €83,600 | = | 0.0% |
| Reserves | 13 | €282,821 | €330,798 | +€47,977 | +17.0% |
| Non-distributable reserves | 130/1 | €8,360 | €8,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,360 | €8,360 | = | 0.0% |
| Distributable reserves | 133 | €274,461 | €322,438 | +€47,977 | +17.5% |
| Amounts payable | 17/49 | €938,665 | €835,089 | -€103,576 | -11.0% |
| Amounts payable after more than one year | 17 | €749,099 | €700,840 | -€48,259 | -6.4% |
| Financial debts | 170/4 | €749,099 | €700,840 | -€48,259 | -6.4% |
| Amounts payable within one year | 42/48 | €189,567 | €134,250 | -€55,317 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €57,698 | €63,259 | +€5,561 | +9.6% |
| Financial debts | 43 | €15,679 | €16,015 | +€336 | +2.1% |
| Credit institutions | 430/8 | €15,679 | €16,015 | +€336 | +2.1% |
| Trade debts | 44 | €4,647 | €7,348 | +€2,701 | +58.1% |
| Suppliers | 440/4 | €4,647 | €7,348 | +€2,701 | +58.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €71,552 | €43,709 | -€27,843 | -38.9% |
| Taxes | 450/3 | €68,822 | €40,979 | -€27,843 | -40.5% |
| Remuneration and social security | 454/9 | €2,730 | €2,730 | = | 0.0% |
| Other amounts payable | 47/48 | €39,990 | €3,918 | -€36,072 | -90.2% |
| Remuneration, social security and pensions | 62 | €18,710 | €19,943 | +€1,233 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,467 | €73,671 | -€18,796 | -20.3% |
| Other operating charges | 640/8 | €4,815 | €5,305 | +€490 | +10.2% |
| Gross operating margin | 9900 | €219,932 | €204,466 | -€15,466 | -7.0% |
| Operating profit (loss) | 9901 | €103,941 | €105,548 | +€1,607 | +1.5% |
| Financial income | 75/76B | €89 | €88 | -€1 | -1.6% |
| Recurring financial income | 75 | €89 | €88 | -€1 | -1.6% |
| Financial charges | 65/66B | €26,930 | €33,258 | +€6,328 | +23.5% |
| Recurring financial charges | 65 | €26,930 | €24,993 | -€1,936 | -7.2% |
| Non-recurring financial charges | 66B | - | €8,264 | +€8,264 | |
| Profit (loss) for the period before taxes | 9903 | €77,101 | €72,378 | -€4,722 | -6.1% |
| Income taxes | 67/77 | €28,492 | €24,402 | -€4,090 | -14.4% |
| Profit (loss) for the period | 9904 | €48,609 | €47,977 | -€632 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,609 | €47,977 | -€632 | -1.3% |
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 2 October 2026 via checked.be.