FALLEM: 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.
What changed
FALLEM
NACE 28.293, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€9,296
2023 · €57,830-€67,126
Equity
€614,350
2023 · €581,760+€32,590
Cash
€161,739
2023 · €107,967+€53,772
Balance sheet total
€1.1m
2023 · €847,191+€233,837
Largest movements
Assets
- Receivables after one year +€200,000
new in 2024: €200,000
- Cash +€53,772
up €53,772 (+49.8%), from €107,967 to €161,739
mainly Debts after one year (+€103,276) and Depreciation (+€47,673)
- Intangible fixed assets -€27,131
down €27,131 (-14.2%), from €190,429 to €163,298
Equity and liabilities
- Debts after one year +€103,276
up €103,276 (+134%), from €77,298 to €180,574
- Investment grants +€41,885
new in 2024: €41,885
- Other debts +€32,523
up €32,523 (+232%), from €14,000 to €46,523
- Trade debts +€29,831
up €29,831 (+31.3%), from €95,438 to €125,268
- Current portion of long-term debt +€14,132
up €14,132 (+55.9%), from €25,265 to €39,397
Income statement
- Gross operating margin -€88,074
down €88,074 (-20.5%), from €429,114 to €341,040
- Taxes -€21,723
down €21,723 (-69.6%), from €31,209 to €9,485
- Financial charges +€6,389
up €6,389 (+76.9%), from €8,309 to €14,698
- Financial income +€5,878
up €5,878 (+95.1%), from €6,183 to €12,060
From the 2023 result to the 2024 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 2023
€57,830
Gross operating margin
-€88,074
Staff costs
+€1,834
Depreciation
-€3,297
Write-downs
+€2,208
Other operating charges
-€1,550
Other operating items
-€61
Financial income
+€5,878
Financial charges
-€6,389
Taxes
+€21,723
Deferred taxes and other
+€603
Result 2024
-€9,296
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€90,976
Investment
-€14,545
Financing
+€159,294
Cash 2023
€107,967
From operations (derived)
-€90,976
Net result for the year
-€9,296
Depreciation
+€47,673
Receivables after one year
-€200,000
Stocks and contracts
-€3,139
Receivables within one year
-€9,146
Deferred charges and accrued income
-€909
Provisions
+€13,962
Trade debts
+€29,831
Tax, wage and social debts
+€7,057
Other debts
+€32,523
Accrued charges and deferred income
+€468
Investment (derived)
-€14,545
Investment in fixed assets (net)
-€14,545
Financing
+€159,294
Debts after one year
+€103,276
Current portion of long-term debt
+€14,132
Contributions, distributions and other
+€41,885
Cash 2024
€161,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €847,191 | €1,081,028 | +€233,837 | +27.6% |
| Fixed assets | 21/28 | €303,632 | €270,504 | -€33,128 | -10.9% |
| Intangible fixed assets | 21 | €190,429 | €163,298 | -€27,131 | -14.2% |
| Tangible fixed assets | 22/27 | €112,918 | €106,922 | -€5,997 | -5.3% |
| Land and buildings | 22 | €76,957 | €66,380 | -€10,577 | -13.7% |
| Plant, machinery and equipment | 23 | €7,611 | €15,043 | +€7,432 | +97.6% |
| Furniture and vehicles | 24 | €28,350 | €25,498 | -€2,852 | -10.1% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €543,558 | €810,523 | +€266,965 | +49.1% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €245,884 | €249,022 | +€3,139 | +1.3% |
| Stocks | 30/36 | €245,884 | €249,022 | +€3,139 | +1.3% |
| Amounts receivable within one year | 40/41 | €179,713 | €188,858 | +€9,146 | +5.1% |
| Trade receivables | 40 | €178,173 | €161,201 | -€16,972 | -9.5% |
| Other amounts receivable | 41 | €1,540 | €27,658 | +€26,118 | +1,696% |
| Cash at bank and in hand | 54/58 | €107,967 | €161,739 | +€53,772 | +49.8% |
| Deferred charges and accrued income | 490/1 | €9,995 | €10,904 | +€909 | +9.1% |
| Total equity and liabilities | 10/49 | €847,191 | €1,081,028 | +€233,837 | +27.6% |
| Equity | 10/15 | €581,760 | €614,350 | +€32,590 | +5.6% |
| Contributions | 10/11 | €311,168 | €311,168 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Profit (loss) carried forward | 14 | €220,592 | €221,296 | +€704 | +0.3% |
| Investment grants | 15 | - | €41,885 | +€41,885 | |
| Provisions and deferred taxes | 16 | €12,000 | €25,962 | +€13,962 | +116% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €12,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,000 | €12,000 | = | 0.0% |
| Deferred taxes | 168 | - | €13,962 | +€13,962 | |
| Amounts payable | 17/49 | €253,431 | €440,717 | +€187,286 | +73.9% |
| Amounts payable after more than one year | 17 | €77,298 | €180,574 | +€103,276 | +134% |
| Financial debts | 170/4 | €77,298 | €180,574 | +€103,276 | +134% |
| Amounts payable within one year | 42/48 | €175,846 | €259,388 | +€83,542 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €25,265 | €39,397 | +€14,132 | +55.9% |
| Trade debts | 44 | €95,438 | €125,268 | +€29,831 | +31.3% |
| Suppliers | 440/4 | €95,438 | €125,268 | +€29,831 | +31.3% |
| Taxes, remuneration and social security | 45 | €41,143 | €48,199 | +€7,057 | +17.2% |
| Taxes | 450/3 | €13,387 | €19,812 | +€6,426 | +48.0% |
| Remuneration and social security | 454/9 | €27,756 | €28,387 | +€631 | +2.3% |
| Other amounts payable | 47/48 | €14,000 | €46,523 | +€32,523 | +232% |
| Accrued charges and deferred income | 492/3 | €287 | €755 | +€468 | +163% |
| Non-recurring operating income | 76A | €11,423 | €4,752 | -€6,671 | -58.4% |
| Remuneration, social security and pensions | 62 | €290,844 | €289,010 | -€1,834 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,376 | €47,673 | +€3,297 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€410 | -€2,618 | -€2,208 | -539% |
| Other operating charges | 640/8 | €3,138 | €4,689 | +€1,550 | +49.4% |
| Non-recurring operating charges | 66A | - | €61 | +€61 | |
| Gross operating margin | 9900 | €429,114 | €341,040 | -€88,074 | -20.5% |
| Operating profit (loss) | 9901 | €91,165 | €2,224 | -€88,941 | -97.6% |
| Financial income | 75/76B | €6,183 | €12,060 | +€5,878 | +95.1% |
| Recurring financial income | 75 | €6,183 | €12,060 | +€5,878 | +95.1% |
| Financial charges | 65/66B | €8,309 | €14,698 | +€6,389 | +76.9% |
| Recurring financial charges | 65 | €8,309 | €14,698 | +€6,389 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €89,038 | -€414 | -€89,452 | |
| Transfer from deferred taxes | 780 | - | €603 | +€603 | |
| Income taxes | 67/77 | €31,209 | €9,485 | -€21,723 | -69.6% |
| Profit (loss) for the period | 9904 | €57,830 | -€9,296 | -€67,126 | |
| Transfer from tax-exempt reserves | 789 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,830 | €704 | -€67,126 | -99.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.