FALCON TACTICAL SOLUTIONS: 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 TACTICAL SOLUTIONS
Largest movements
- Receivables within one year +€6.2m
up €6.2m (+1,500%), from €415,969 to €6.7m
of which Trade receivables: +€5.8m
- Stocks and contracts +€313,978
up €313,978 (+181%), from €173,859 to €487,837
- Short-term financial debts +€4.1m
new in 2025: €4.1m
- Trade debts +€2.0m
up €2.0m (+3,566%), from €55,802 to €2.0m
- Reserves +€296,114
up €296,114 (+45.3%), from €654,346 to €950,459
of which Distributable reserves: +€296,114
- Current portion of long-term debt +€233,989
up €233,989 (+2,087%), from €11,211 to €245,201
- Gross operating margin +€404,696
up €404,696 (+481%), from €84,206 to €488,901
- Taxes +€97,027
up €97,027 (+904%), from €10,734 to €107,760
- Financial charges +€23,280
up €23,280 (+378%), from €6,158 to €29,438
- Depreciation +€8,154
up €8,154 (+53.9%), from €15,133 to €23,287
- Financial income +€7,344
up €7,344 (+75.1%), from €9,775 to €17,119
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 | €891,724 | €7,465,740 | +€6.6m | +737% |
| Fixed assets | 21/28 | €40,196 | €65,837 | +€25,641 | +63.8% |
| Tangible fixed assets | 22/27 | €40,196 | €65,837 | +€25,641 | +63.8% |
| Plant, machinery and equipment | 23 | €19,685 | €9,069 | -€10,616 | -53.9% |
| Furniture and vehicles | 24 | €20,511 | €56,768 | +€36,257 | +177% |
| Current assets | 29/58 | €851,529 | €7,399,903 | +€6.5m | +769% |
| Stocks and contracts in progress | 3 | €173,859 | €487,837 | +€313,978 | +181% |
| Stocks | 30/36 | €173,859 | €487,837 | +€313,978 | +181% |
| Amounts receivable within one year | 40/41 | €415,969 | €6,655,935 | +€6.2m | +1,500% |
| Trade receivables | 40 | €241,491 | €6,018,568 | +€5.8m | +2,392% |
| Other amounts receivable | 41 | €174,478 | €637,366 | +€462,888 | +265% |
| Cash at bank and in hand | 54/58 | €222,755 | €233,159 | +€10,404 | +4.7% |
| Deferred charges and accrued income | 490/1 | €38,946 | €22,972 | -€15,974 | -41.0% |
| Total equity and liabilities | 10/49 | €891,724 | €7,465,740 | +€6.6m | +737% |
| Equity | 10/15 | €684,346 | €980,459 | +€296,114 | +43.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €654,346 | €950,459 | +€296,114 | +45.3% |
| Tax-exempt reserves | 132 | €11,977 | €11,977 | = | 0.0% |
| Distributable reserves | 133 | €642,369 | €938,482 | +€296,114 | +46.1% |
| Amounts payable | 17/49 | €207,378 | €6,485,280 | +€6.3m | +3,027% |
| Amounts payable after more than one year | 17 | €27,624 | €33,483 | +€5,859 | +21.2% |
| Financial debts | 170/4 | €27,624 | €33,483 | +€5,859 | +21.2% |
| Amounts payable within one year | 42/48 | €133,565 | €6,451,771 | +€6.3m | +4,730% |
| Current portion of amounts payable after more than one year | 42 | €11,211 | €245,201 | +€233,989 | +2,087% |
| Financial debts | 43 | - | €4,137,197 | +€4.1m | |
| Credit institutions | 430/8 | - | €4,137,197 | +€4.1m | |
| Trade debts | 44 | €55,802 | €2,045,689 | +€2.0m | +3,566% |
| Suppliers | 440/4 | €55,802 | €2,045,689 | +€2.0m | +3,566% |
| Taxes, remuneration and social security | 45 | €66,552 | €6,277 | -€60,274 | -90.6% |
| Taxes | 450/3 | €61,363 | €880 | -€60,484 | -98.6% |
| Remuneration and social security | 454/9 | €5,188 | €5,398 | +€209 | +4.0% |
| Other amounts payable | 47/48 | €0 | €17,407 | +€17,407 | |
| Accrued charges and deferred income | 492/3 | €46,190 | €26 | -€46,163 | -99.9% |
| Remuneration, social security and pensions | 62 | €42,030 | €44,234 | +€2,204 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,133 | €23,287 | +€8,154 | +53.9% |
| Other operating charges | 640/8 | €4,056 | €4,822 | +€766 | +18.9% |
| Non-recurring operating charges | 66A | €179 | €364 | +€185 | +103% |
| Gross operating margin | 9900 | €84,206 | €488,901 | +€404,696 | +481% |
| Operating profit (loss) | 9901 | €22,808 | €416,194 | +€393,386 | +1,725% |
| Financial income | 75/76B | €9,775 | €17,119 | +€7,344 | +75.1% |
| Recurring financial income | 75 | €9,775 | €17,119 | +€7,344 | +75.1% |
| Financial charges | 65/66B | €6,158 | €29,438 | +€23,280 | +378% |
| Recurring financial charges | 65 | €6,158 | €29,438 | +€23,280 | +378% |
| Profit (loss) for the period before taxes | 9903 | €26,425 | €403,874 | +€377,449 | +1,428% |
| Income taxes | 67/77 | €10,734 | €107,760 | +€97,027 | +904% |
| Profit (loss) for the period | 9904 | €15,691 | €296,114 | +€280,423 | +1,787% |
| Profit (loss) for the period to be appropriated | 9905 | €15,691 | €296,114 | +€280,423 | +1,787% |
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 18 October 2026 via checked.be.