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Falkon: 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.

What changed

Falkon

BE 0803.858.893
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,177
2024 · €54,883-€25,706
Equity
€85,060
2024 · €55,883+€29,177
Cash
€6,263
2024 · €22,640-€16,377
Balance sheet total
€395,674
2024 · €422,538-€26,864

Largest movements

2024 to 2025
Assets
  • Cash -€16,377

    down €16,377 (-72.3%), from €22,640 to €6,263

    mainly Other debts (-€37,179) and Trade debts (-€17,152)

  • Tangible fixed assets -€10,972

    down €10,972 (-2.9%), from €383,361 to €372,389

    of which Leasing and similar rights: -€7,450

Equity and liabilities
  • Other debts -€37,179

    down €37,179 (-84.8%), from €43,820 to €6,640

  • Reserves +€29,177

    up €29,177 (+53.2%), from €54,883 to €84,060

  • Trade debts -€17,152

    down €17,152 (-83.0%), from €20,674 to €3,522

  • Tax, wage and social debts -€5,303

    down €5,303 (-26.9%), from €19,714 to €14,411

Income statement
  • Gross operating margin -€10,655

    down €10,655 (-11.8%), from €90,081 to €79,427

  • Depreciation +€10,246

    up €10,246 (+69.4%), from €14,766 to €25,012

  • Financial charges +€6,861

    up €6,861 (+105.6%), from €6,499 to €13,360

  • Taxes -€5,650

    down €5,650 (-42.0%), from €13,442 to €7,791

  • Other operating charges +€3,595

    up €3,595 (+730.8%), from €492 to €4,087

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €54,883
Gross operating margin -€10,655
Depreciation -€10,246
Other operating charges -€3,595
Financial charges -€6,861
Taxes +€5,650
Result 2025 €29,177

Cash bridge derived

cash 2024 to 2025

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.

From operations -€5,930
Investment -€14,040
Financing +€3,592
Cash 2024 €22,640
Net result for the year +€29,177
Depreciation +€25,012
Receivables within one year +€1,352
Deferred charges and accrued income -€1,837
Trade debts -€17,152
Tax, wage and social debts -€5,303
Other debts -€37,179
Investment in fixed assets (net) -€14,040
Debts after one year +€3,069
Current portion of long-term debt +€524
Cash 2025 €6,263
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €422,538 €395,674 -€26,864 -6.4%
Fixed assets 21/28 €383,636 €372,664 -€10,972 -2.9%
Tangible fixed assets 22/27 €383,361 €372,389 -€10,972 -2.9%
Land and buildings 22 €346,302 €345,393 -€908 -0.3%
Furniture and vehicles 24 €10,382 €7,768 -€2,614 -25.2%
Leasing and similar rights 25 €26,677 €19,227 -€7,450 -27.9%
Financial fixed assets 28 €275 €275 = 0.0%
Current assets 29/58 €38,902 €23,010 -€15,892 -40.9%
Amounts receivable within one year 40/41 €13,625 €12,273 -€1,352 -9.9%
Trade receivables 40 €12,378 €11,979 -€399 -3.2%
Other amounts receivable 41 €1,247 €294 -€953 -76.4%
Cash at bank and in hand 54/58 €22,640 €6,263 -€16,377 -72.3%
Deferred charges and accrued income 490/1 €2,636 €4,474 +€1,837 +69.7%
Total equity and liabilities 10/49 €422,538 €395,674 -€26,864 -6.4%
Equity 10/15 €55,883 €85,060 +€29,177 +52.2%
Contributions 10/11 €1,000 €1,000 = 0.0%
Reserves 13 €54,883 €84,060 +€29,177 +53.2%
Distributable reserves 133 €54,883 €84,060 +€29,177 +53.2%
Amounts payable 17/49 €366,655 €310,614 -€56,041 -15.3%
Amounts payable after more than one year 17 €261,562 €264,630 +€3,069 +1.2%
Financial debts 170/4 €261,562 €264,630 +€3,069 +1.2%
Amounts payable within one year 42/48 €105,093 €45,983 -€59,110 -56.2%
Current portion of amounts payable after more than one year 42 €20,885 €21,409 +€524 +2.5%
Trade debts 44 €20,674 €3,522 -€17,152 -83.0%
Suppliers 440/4 €20,674 €3,522 -€17,152 -83.0%
Taxes, remuneration and social security 45 €19,714 €14,411 -€5,303 -26.9%
Taxes 450/3 €19,714 €14,411 -€5,303 -26.9%
Other amounts payable 47/48 €43,820 €6,640 -€37,179 -84.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,766 €25,012 +€10,246 +69.4%
Other operating charges 640/8 €492 €4,087 +€3,595 +730.8%
Gross operating margin 9900 €90,081 €79,427 -€10,655 -11.8%
Operating profit (loss) 9901 €74,824 €50,329 -€24,495 -32.7%
Financial charges 65/66B €6,499 €13,360 +€6,861 +105.6%
Recurring financial charges 65 €6,499 €13,360 +€6,861 +105.6%
Profit (loss) for the period before taxes 9903 €68,325 €36,969 -€31,356 -45.9%
Income taxes 67/77 €13,442 €7,791 -€5,650 -42.0%
Profit (loss) for the period 9904 €54,883 €29,177 -€25,706 -46.8%
Profit (loss) for the period to be appropriated 9905 €54,883 €29,177 -€25,706 -46.8%

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 29 September 2026 via checked.be.