FALH: 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.
FALH
Largest movements
- Cash +€84,252
up €84,252 (+73.8%), from €114,162 to €198,415
mainly Net result for the year (+€234,900) and Receivables within one year (+€25,076)
- Receivables within one year -€25,076
down €25,076 (-63.7%), from €39,361 to €14,286
of which Other amounts receivable: -€20,260
- Tangible fixed assets -€20,062
down €20,062 (-21.1%), from €95,219 to €75,157
of which Furniture and vehicles: -€19,120
- Stocks and contracts +€11,404
new in 2025: €11,404
- Reserves +€234,900
new in 2025: €234,900
- Other debts -€170,637
down €170,637 (-99.4%), from €171,597 to €961
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Trade debts +€8,589
up €8,589 (+76.3%), from €11,259 to €19,849
- Gross operating margin +€181,762
up €181,762 (+118.5%), from €153,445 to €335,207
- Taxes +€50,733
up €50,733 (+201.8%), from €25,142 to €75,875
- Depreciation +€11,456
up €11,456 (+133.1%), from €8,606 to €20,062
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 | €248,743 | €301,739 | +€52,997 | +21.3% |
| Fixed assets | 21/28 | €95,219 | €75,157 | -€20,062 | -21.1% |
| Tangible fixed assets | 22/27 | €95,219 | €75,157 | -€20,062 | -21.1% |
| Plant, machinery and equipment | 23 | €2,787 | €1,844 | -€943 | -33.8% |
| Furniture and vehicles | 24 | €87,932 | €68,813 | -€19,120 | -21.7% |
| Other tangible fixed assets | 26 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €153,524 | €226,583 | +€73,059 | +47.6% |
| Stocks and contracts in progress | 3 | - | €11,404 | +€11,404 | |
| Stocks | 30/36 | - | €11,404 | +€11,404 | |
| Amounts receivable within one year | 40/41 | €39,361 | €14,286 | -€25,076 | -63.7% |
| Trade receivables | 40 | €7,610 | €2,795 | -€4,815 | -63.3% |
| Other amounts receivable | 41 | €31,751 | €11,491 | -€20,260 | -63.8% |
| Cash at bank and in hand | 54/58 | €114,162 | €198,415 | +€84,252 | +73.8% |
| Deferred charges and accrued income | 490/1 | - | €2,478 | +€2,478 | |
| Total equity and liabilities | 10/49 | €248,743 | €301,739 | +€52,997 | +21.3% |
| Equity | 10/15 | €18,600 | €235,000 | +€216,400 | +1163.4% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Reserves | 13 | - | €234,900 | +€234,900 | |
| Distributable reserves | 133 | - | €234,900 | +€234,900 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €230,143 | €66,739 | -€163,404 | -71.0% |
| Amounts payable within one year | 42/48 | €230,143 | €66,229 | -€163,914 | -71.2% |
| Trade debts | 44 | €11,259 | €19,849 | +€8,589 | +76.3% |
| Suppliers | 440/4 | €11,259 | €19,849 | +€8,589 | +76.3% |
| Taxes, remuneration and social security | 45 | €47,286 | €45,420 | -€1,866 | -3.9% |
| Taxes | 450/3 | €47,286 | €38,400 | -€8,886 | -18.8% |
| Remuneration and social security | 454/9 | - | €7,020 | +€7,020 | |
| Other amounts payable | 47/48 | €171,597 | €961 | -€170,637 | -99.4% |
| Accrued charges and deferred income | 492/3 | - | €510 | +€510 | |
| Non-recurring operating income | 76A | €7,234 | €0 | -€7,234 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,606 | €20,062 | +€11,456 | +133.1% |
| Other operating charges | 640/8 | €945 | €1,220 | +€275 | +29.1% |
| Non-recurring operating charges | 66A | €713 | - | -€713 | |
| Gross operating margin | 9900 | €153,445 | €335,207 | +€181,762 | +118.5% |
| Operating profit (loss) | 9901 | €143,182 | €313,925 | +€170,744 | +119.2% |
| Financial charges | 65/66B | €1,468 | €3,150 | +€1,682 | +114.6% |
| Recurring financial charges | 65 | €1,468 | €3,150 | +€1,682 | +114.6% |
| Profit (loss) for the period before taxes | 9903 | €141,714 | €310,775 | +€169,061 | +119.3% |
| Income taxes | 67/77 | €25,142 | €75,875 | +€50,733 | +201.8% |
| Profit (loss) for the period | 9904 | €116,572 | €234,900 | +€118,328 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,572 | €234,900 | +€118,328 | +101.5% |
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 6 October 2026 via checked.be.