Falelo: 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.
Falelo
Largest movements
- Tangible fixed assets -€123,335
down €123,335 (-14.7%), from €838,560 to €715,226
of which Land and buildings: -€98,711
- Receivables within one year -€14,081
down €14,081 (-10.2%), from €137,595 to €123,514
of which Trade receivables: -€15,411
- Profit (loss) carried forward -€120,184
down €120,184 (-57.2%), from -€210,097 to -€330,281
- Debts after one year -€118,148
down €118,148 (-23.3%), from €508,062 to €389,913
- Other debts +€103,243
up €103,243 (+38.2%), from €270,203 to €373,446
- Current portion of long-term debt -€64,330
down €64,330 (-33.3%), from €192,902 to €128,572
- Advances received +€58,360
up €58,360 (+128.7%), from €45,330 to €103,690
- Gross operating margin -€8,502
down €8,502 (-15.5%), from €54,789 to €46,287
- Depreciation +€3,535
up €3,535 (+2.8%), from €127,709 to €131,244
- Financial charges -€1,745
down €1,745 (-5.7%), from €30,708 to €28,963
- Other operating charges -€624
down €624 (-9.4%), from €6,645 to €6,021
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 | €980,892 | €845,019 | -€135,872 | -13.9% |
| Fixed assets | 21/28 | €838,560 | €715,226 | -€123,335 | -14.7% |
| Tangible fixed assets | 22/27 | €838,560 | €715,226 | -€123,335 | -14.7% |
| Land and buildings | 22 | €644,052 | €545,341 | -€98,711 | -15.3% |
| Plant, machinery and equipment | 23 | €79,512 | €69,059 | -€10,452 | -13.1% |
| Furniture and vehicles | 24 | €114,997 | €100,826 | -€14,171 | -12.3% |
| Current assets | 29/58 | €142,332 | €129,794 | -€12,538 | -8.8% |
| Amounts receivable within one year | 40/41 | €137,595 | €123,514 | -€14,081 | -10.2% |
| Trade receivables | 40 | €136,922 | €121,511 | -€15,411 | -11.3% |
| Other amounts receivable | 41 | €672 | €2,002 | +€1,330 | +197.8% |
| Cash at bank and in hand | 54/58 | €755 | €2,586 | +€1,830 | +242.4% |
| Deferred charges and accrued income | 490/1 | €3,982 | €3,695 | -€287 | -7.2% |
| Total equity and liabilities | 10/49 | €980,892 | €845,019 | -€135,872 | -13.9% |
| Equity | 10/15 | -€92,326 | -€212,510 | -€120,184 | -130.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €99,021 | €99,021 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,026 | €17,026 | = | 0.0% |
| Distributable reserves | 133 | €81,995 | €81,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,097 | -€330,281 | -€120,184 | -57.2% |
| Amounts payable | 17/49 | €1,073,218 | €1,057,529 | -€15,688 | -1.5% |
| Amounts payable after more than one year | 17 | €508,062 | €389,913 | -€118,148 | -23.3% |
| Financial debts | 170/4 | €508,062 | €389,913 | -€118,148 | -23.3% |
| Amounts payable within one year | 42/48 | €563,153 | €666,755 | +€103,602 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €192,902 | €128,572 | -€64,330 | -33.3% |
| Financial debts | 43 | €18 | €43 | +€25 | +143.6% |
| Credit institutions | 430/8 | €18 | €43 | +€25 | +143.6% |
| Trade debts | 44 | €54,151 | €57,791 | +€3,640 | +6.7% |
| Suppliers | 440/4 | €54,151 | €57,791 | +€3,640 | +6.7% |
| Advances received on contracts in progress | 46 | €45,330 | €103,690 | +€58,360 | +128.7% |
| Taxes, remuneration and social security | 45 | €549 | €3,212 | +€2,664 | +485.7% |
| Taxes | 450/3 | €549 | €3,212 | +€2,664 | +485.7% |
| Other amounts payable | 47/48 | €270,203 | €373,446 | +€103,243 | +38.2% |
| Accrued charges and deferred income | 492/3 | €2,003 | €862 | -€1,142 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,709 | €131,244 | +€3,535 | +2.8% |
| Other operating charges | 640/8 | €6,645 | €6,021 | -€624 | -9.4% |
| Gross operating margin | 9900 | €54,789 | €46,287 | -€8,502 | -15.5% |
| Operating profit (loss) | 9901 | -€79,566 | -€90,978 | -€11,413 | -14.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €30,708 | €28,963 | -€1,745 | -5.7% |
| Recurring financial charges | 65 | €30,708 | €28,963 | -€1,745 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€110,274 | -€119,939 | -€9,665 | -8.8% |
| Income taxes | 67/77 | €549 | €245 | -€303 | -55.3% |
| Profit (loss) for the period | 9904 | -€110,822 | -€120,184 | -€9,362 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,822 | -€120,184 | -€9,362 | -8.4% |
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 1 October 2026 via checked.be.