FALIMARO: 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.
FALIMARO
Largest movements
- Receivables within one year +€326,566
up €326,566 (+192%), from €170,169 to €496,735
of which Trade receivables: +€344,819
- Tangible fixed assets -€217,925
down €217,925 (-13.6%), from €1.6m to €1.4m
of which Plant, machinery and equipment: -€187,282
- Cash -€99,141
down €99,141 (-33.0%), from €300,463 to €201,321
mainly Net result for the year (-€611,174) and Receivables within one year (-€326,566)
- Stocks and contracts -€57,184
down €57,184 (-14.2%), from €403,177 to €345,993
- Trade debts +€730,105
up €730,105 (+55.3%), from €1.3m to €2.1m
- Profit (loss) carried forward -€611,174
down €611,174 (-138%), from -€443,436 to -€1.1m
- Debts after one year -€150,771
down €150,771 (-13.8%), from €1.1m to €941,152
- Accrued charges and deferred income +€78,799
up €78,799 (+1,176%), from €6,700 to €85,499
- Current portion of long-term debt -€69,373
down €69,373 (-29.7%), from €233,211 to €163,838
- Gross operating margin -€202,026
down €202,026 (-36.0%), from €561,460 to €359,435
- Financial charges +€47,742
up €47,742 (+62.2%), from €76,765 to €124,507
- Depreciation -€13,375
down €13,375 (-5.7%), from €235,812 to €222,437
- Financial income +€10,545
up €10,545 (+2,966%), from €355 to €10,900
- Taxes +€6,586
up €6,586 (+23,200%), from €28 to €6,615
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 | €2,482,704 | €2,436,697 | -€46,007 | -1.9% |
| Fixed assets | 21/28 | €1,608,800 | €1,390,875 | -€217,925 | -13.5% |
| Tangible fixed assets | 22/27 | €1,605,440 | €1,387,515 | -€217,925 | -13.6% |
| Plant, machinery and equipment | 23 | €1,573,777 | €1,386,495 | -€187,282 | -11.9% |
| Furniture and vehicles | 24 | €31,662 | €1,020 | -€30,643 | -96.8% |
| Financial fixed assets | 28 | €3,360 | €3,360 | = | 0.0% |
| Current assets | 29/58 | €873,904 | €1,045,822 | +€171,917 | +19.7% |
| Stocks and contracts in progress | 3 | €403,177 | €345,993 | -€57,184 | -14.2% |
| Stocks | 30/36 | €403,177 | €345,993 | -€57,184 | -14.2% |
| Amounts receivable within one year | 40/41 | €170,169 | €496,735 | +€326,566 | +192% |
| Trade receivables | 40 | €121,538 | €466,357 | +€344,819 | +284% |
| Other amounts receivable | 41 | €48,630 | €30,378 | -€18,252 | -37.5% |
| Cash at bank and in hand | 54/58 | €300,463 | €201,321 | -€99,141 | -33.0% |
| Deferred charges and accrued income | 490/1 | €96 | €1,772 | +€1,677 | +1,754% |
| Total equity and liabilities | 10/49 | €2,482,704 | €2,436,697 | -€46,007 | -1.9% |
| Equity | 10/15 | -€288,205 | -€899,379 | -€611,174 | -212% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €5,230 | €5,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,230 | €5,230 | = | 0.0% |
| Legal reserve | 130 | €5,230 | €5,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€443,436 | -€1,054,609 | -€611,174 | -138% |
| Amounts payable | 17/49 | €2,770,909 | €3,336,075 | +€565,166 | +20.4% |
| Amounts payable after more than one year | 17 | €1,091,923 | €941,152 | -€150,771 | -13.8% |
| Financial debts | 170/4 | €1,091,923 | €941,152 | -€150,771 | -13.8% |
| Amounts payable within one year | 42/48 | €1,672,286 | €2,309,424 | +€637,138 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €233,211 | €163,838 | -€69,373 | -29.7% |
| Financial debts | 43 | €25,000 | €12,444 | -€12,556 | -50.2% |
| Credit institutions | 430/8 | €25,000 | €12,444 | -€12,556 | -50.2% |
| Trade debts | 44 | €1,320,662 | €2,050,766 | +€730,105 | +55.3% |
| Suppliers | 440/4 | €1,320,662 | €2,050,766 | +€730,105 | +55.3% |
| Taxes, remuneration and social security | 45 | €93,413 | €74,672 | -€18,741 | -20.1% |
| Taxes | 450/3 | €9,036 | €12,053 | +€3,017 | +33.4% |
| Remuneration and social security | 454/9 | €84,377 | €62,619 | -€21,758 | -25.8% |
| Other amounts payable | 47/48 | - | €7,703 | +€7,703 | |
| Accrued charges and deferred income | 492/3 | €6,700 | €85,499 | +€78,799 | +1,176% |
| Non-recurring operating income | 76A | €320,000 | €187,680 | -€132,320 | -41.4% |
| Remuneration, social security and pensions | 62 | €593,635 | €592,412 | -€1,223 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,812 | €222,437 | -€13,375 | -5.7% |
| Other operating charges | 640/8 | €24,150 | €21,643 | -€2,507 | -10.4% |
| Non-recurring operating charges | 66A | - | €13,895 | +€13,895 | |
| Gross operating margin | 9900 | €561,460 | €359,435 | -€202,026 | -36.0% |
| Operating profit (loss) | 9901 | -€292,136 | -€490,952 | -€198,816 | -68.1% |
| Financial income | 75/76B | €355 | €10,900 | +€10,545 | +2,966% |
| Recurring financial income | 75 | €355 | €10,900 | +€10,545 | +2,966% |
| Financial charges | 65/66B | €76,765 | €124,507 | +€47,742 | +62.2% |
| Recurring financial charges | 65 | €76,765 | €124,507 | +€47,742 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | -€368,545 | -€604,559 | -€236,013 | -64.0% |
| Income taxes | 67/77 | €28 | €6,615 | +€6,586 | +23,200% |
| Profit (loss) for the period | 9904 | -€368,574 | -€611,174 | -€242,600 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€368,574 | -€611,174 | -€242,600 | -65.8% |
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 14 October 2026 via checked.be.