FALEMO: 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.
FALEMO
Largest movements
- Receivables within one year -€16,634
no longer reported in 2025 (was €16,634)
- Receivables after one year +€11,375
up €11,375 (+9.3%), from €122,691 to €134,066
- Tangible fixed assets -€5,959
down €5,959 (-6.7%), from €89,512 to €83,553
- Trade debts +€18,117
up €18,117 (+56.3%), from €32,155 to €50,272
- Other debts -€17,751
down €17,751 (-45.7%), from €38,829 to €21,078
- Accrued charges and deferred income -€8,046
down €8,046 (-88.1%), from €9,130 to €1,084
- Profit (loss) carried forward -€6,126
down €6,126 (-12.0%), from €50,964 to €44,838
- Gross operating margin +€7,453
up €7,453 (+48.1%), from €15,482 to €22,935
- Staff costs +€1,727
no longer reported in 2025 (was -€1,727)
- Financial charges -€1,306
down €1,306 (-78.5%), from €1,664 to €358
- Financial income -€1,018
no longer reported in 2025 (was €1,018)
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 | €231,500 | €217,694 | -€13,806 | -6.0% |
| Fixed assets | 21/28 | €89,574 | €83,615 | -€5,959 | -6.7% |
| Tangible fixed assets | 22/27 | €89,512 | €83,553 | -€5,959 | -6.7% |
| Land and buildings | 22 | €89,512 | €83,553 | -€5,959 | -6.7% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €141,926 | €134,079 | -€7,847 | -5.5% |
| Amounts receivable after more than one year | 29 | €122,691 | €134,066 | +€11,375 | +9.3% |
| Other amounts receivable | 291 | €122,691 | €134,066 | +€11,375 | +9.3% |
| Amounts receivable within one year | 40/41 | €16,634 | - | -€16,634 | |
| Other amounts receivable | 41 | €16,634 | - | -€16,634 | |
| Cash at bank and in hand | 54/58 | €2,310 | €13 | -€2,297 | -99.4% |
| Deferred charges and accrued income | 490/1 | €292 | - | -€292 | |
| Total equity and liabilities | 10/49 | €231,500 | €217,694 | -€13,806 | -6.0% |
| Equity | 10/15 | €151,386 | €145,260 | -€6,126 | -4.0% |
| Contributions | 10/11 | €82,202 | €82,202 | = | 0.0% |
| Capital | 10 | €82,202 | €82,202 | = | 0.0% |
| Issued capital | 100 | €82,202 | €82,202 | = | 0.0% |
| Reserves | 13 | €18,220 | €18,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,220 | €18,220 | = | 0.0% |
| Legal reserve | 130 | €18,220 | €18,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,964 | €44,838 | -€6,126 | -12.0% |
| Amounts payable | 17/49 | €80,114 | €72,435 | -€7,679 | -9.6% |
| Amounts payable within one year | 42/48 | €70,984 | €71,350 | +€367 | +0.5% |
| Trade debts | 44 | €32,155 | €50,272 | +€18,117 | +56.3% |
| Suppliers | 440/4 | €32,155 | €50,272 | +€18,117 | +56.3% |
| Other amounts payable | 47/48 | €38,829 | €21,078 | -€17,751 | -45.7% |
| Accrued charges and deferred income | 492/3 | €9,130 | €1,084 | -€8,046 | -88.1% |
| Remuneration, social security and pensions | 62 | -€1,727 | - | +€1,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,959 | €5,959 | = | 0.0% |
| Other operating charges | 640/8 | €6,202 | €6,111 | -€91 | -1.5% |
| Non-recurring operating charges | 66A | - | €16,634 | +€16,634 | |
| Gross operating margin | 9900 | €15,482 | €22,935 | +€7,453 | +48.1% |
| Operating profit (loss) | 9901 | €5,049 | -€5,769 | -€10,818 | |
| Financial income | 75/76B | €1,018 | - | -€1,018 | |
| Recurring financial income | 75 | €1,018 | - | -€1,018 | |
| Financial charges | 65/66B | €1,664 | €358 | -€1,306 | -78.5% |
| Recurring financial charges | 65 | €1,664 | €358 | -€1,306 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €4,403 | -€6,126 | -€10,530 | |
| Profit (loss) for the period | 9904 | €4,403 | -€6,126 | -€10,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,403 | -€6,126 | -€10,530 |
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 12 October 2026 via checked.be.