Falcon Group Holding: what changed
Falcon Group Holding
Largest movements
- Tangible fixed assets +€61,818
up €61,818 (+34.5%), from €179,366 to €241,184
of which Furniture and vehicles: +€66,785
- Receivables within one year +€54,818
up €54,818 (+1,635%), from €3,353 to €58,171
of which Trade receivables: +€54,970
- Cash -€54,609
down €54,609 (-30.1%), from €181,708 to €127,100
mainly Investment in fixed assets (net) (-€61,549) and Receivables within one year (-€54,818)
- Financial fixed assets -€30,000
down €30,000 (-99.9%), from €30,030 to €30
- Trade debts +€18,654
up €18,654 (+1,547%), from €1,206 to €19,859
- Reserves +€7,635
up €7,635 (+7.6%), from €100,411 to €108,045
- Financial charges +€30,040
up €30,040 (+884%), from €3,397 to €33,437
of which Non-recurring financial charges: +€30,000
- Gross operating margin -€22,034
down €22,034 (-19.6%), from €112,272 to €90,239
- Depreciation +€13,897
up €13,897 (+79.2%), from €17,551 to €31,448
- Taxes -€11,162
down €11,162 (-44.2%), from €25,230 to €14,068
- Other operating charges -€1,656
down €1,656 (-31.2%), from €5,313 to €3,657
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,108 | €430,777 | +€30,668 | +7.7% |
| Fixed assets | 21/28 | €211,659 | €241,760 | +€30,101 | +14.2% |
| Intangible fixed assets | 21 | €2,263 | €546 | -€1,717 | -75.9% |
| Tangible fixed assets | 22/27 | €179,366 | €241,184 | +€61,818 | +34.5% |
| Land and buildings | 22 | €166,322 | €160,224 | -€6,099 | -3.7% |
| Plant, machinery and equipment | 23 | €3,746 | €4,878 | +€1,132 | +30.2% |
| Furniture and vehicles | 24 | €9,298 | €76,083 | +€66,785 | +718% |
| Financial fixed assets | 28 | €30,030 | €30 | -€30,000 | -99.9% |
| Current assets | 29/58 | €188,449 | €189,017 | +€568 | +0.3% |
| Amounts receivable within one year | 40/41 | €3,353 | €58,171 | +€54,818 | +1,635% |
| Trade receivables | 40 | €0 | €54,970 | +€54,970 | |
| Other amounts receivable | 41 | €3,353 | €3,201 | -€152 | -4.5% |
| Cash at bank and in hand | 54/58 | €181,708 | €127,100 | -€54,609 | -30.1% |
| Deferred charges and accrued income | 490/1 | €3,388 | €3,746 | +€359 | +10.6% |
| Total equity and liabilities | 10/49 | €400,108 | €430,777 | +€30,668 | +7.7% |
| Equity | 10/15 | €281,372 | €289,006 | +€7,635 | +2.7% |
| Contributions | 10/11 | €180,961 | €180,961 | = | 0.0% |
| Reserves | 13 | €100,411 | €108,045 | +€7,635 | +7.6% |
| Distributable reserves | 133 | €100,411 | €108,045 | +€7,635 | +7.6% |
| Amounts payable | 17/49 | €118,737 | €141,771 | +€23,034 | +19.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,737 | €38,771 | +€23,034 | +146% |
| Financial debts | 43 | €0 | €0 | +€0 | |
| Credit institutions | 430/8 | €0 | €0 | +€0 | |
| Trade debts | 44 | €1,206 | €19,859 | +€18,654 | +1,547% |
| Suppliers | 440/4 | €1,206 | €19,859 | +€18,654 | +1,547% |
| Taxes, remuneration and social security | 45 | €4,230 | €5,677 | +€1,448 | +34.2% |
| Taxes | 450/3 | €4,230 | €5,677 | +€1,448 | +34.2% |
| Other amounts payable | 47/48 | €10,301 | €13,234 | +€2,932 | +28.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,551 | €31,448 | +€13,897 | +79.2% |
| Other operating charges | 640/8 | €5,313 | €3,657 | -€1,656 | -31.2% |
| Gross operating margin | 9900 | €112,272 | €90,239 | -€22,034 | -19.6% |
| Operating profit (loss) | 9901 | €89,409 | €55,134 | -€34,275 | -38.3% |
| Financial income | 75/76B | €13 | €6 | -€8 | -57.4% |
| Recurring financial income | 75 | €13 | €6 | -€8 | -57.4% |
| Financial charges | 65/66B | €3,397 | €33,437 | +€30,040 | +884% |
| Recurring financial charges | 65 | €3,397 | €3,437 | +€40 | +1.2% |
| Non-recurring financial charges | 66B | - | €30,000 | +€30,000 | |
| Profit (loss) for the period before taxes | 9903 | €86,025 | €21,702 | -€64,322 | -74.8% |
| Income taxes | 67/77 | €25,230 | €14,068 | -€11,162 | -44.2% |
| Profit (loss) for the period | 9904 | €60,795 | €7,635 | -€53,160 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,795 | €7,635 | -€53,160 | -87.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.