FALLY & ASSOCIES: 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.
FALLY & ASSOCIES
Largest movements
- Receivables within one year +€173,746
up €173,746 (+29.8%), from €582,533 to €756,280
of which Trade receivables: +€165,551
- Cash -€57,738
down €57,738 (-16.3%), from €353,491 to €295,753
mainly Receivables within one year (-€173,746) and Investment in fixed assets (net) (-€92,613)
- Tangible fixed assets +€32,678
up €32,678 (+9.1%), from €357,807 to €390,486
of which Furniture and vehicles: +€23,882
- Deferred charges and accrued income +€17,170
up €17,170 (+156%), from €10,980 to €28,150
- Profit (loss) carried forward +€94,308
up €94,308 (+20.0%), from €472,156 to €566,464
- Advances received +€63,662
up €63,662 (+73.7%), from €86,338 to €150,000
- Trade debts -€27,852
down €27,852 (-7.9%), from €350,388 to €322,536
- Provisions +€25,000
up €25,000 (+44.4%), from €56,325 to €81,325
- Tax, wage and social debts +€19,036
up €19,036 (+14.8%), from €128,634 to €147,671
of which Remuneration and social security: +€17,387
- Gross operating margin +€56,444
up €56,444 (+6.8%), from €831,292 to €887,737
- Provisions +€25,000
up €25,000, from €0 to €25,000
- Staff costs +€16,455
up €16,455 (+2.6%), from €633,123 to €649,577
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 | €1,307,173 | €1,482,692 | +€175,519 | +13.4% |
| Fixed assets | 21/28 | €360,169 | €402,510 | +€42,341 | +11.8% |
| Intangible fixed assets | 21 | €2,191 | €11,855 | +€9,663 | +441% |
| Tangible fixed assets | 22/27 | €357,807 | €390,486 | +€32,678 | +9.1% |
| Land and buildings | 22 | €291,584 | €300,380 | +€8,796 | +3.0% |
| Furniture and vehicles | 24 | €66,223 | €90,105 | +€23,882 | +36.1% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €947,004 | €1,080,182 | +€133,178 | +14.1% |
| Amounts receivable within one year | 40/41 | €582,533 | €756,280 | +€173,746 | +29.8% |
| Trade receivables | 40 | €581,695 | €747,247 | +€165,551 | +28.5% |
| Other amounts receivable | 41 | €838 | €9,033 | +€8,195 | +978% |
| Cash at bank and in hand | 54/58 | €353,491 | €295,753 | -€57,738 | -16.3% |
| Deferred charges and accrued income | 490/1 | €10,980 | €28,150 | +€17,170 | +156% |
| Total equity and liabilities | 10/49 | €1,307,173 | €1,482,692 | +€175,519 | +13.4% |
| Equity | 10/15 | €558,032 | €651,657 | +€93,625 | +16.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,239 | €6,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Profit (loss) carried forward | 14 | €472,156 | €566,464 | +€94,308 | +20.0% |
| Investment grants | 15 | €18,138 | €17,454 | -€684 | -3.8% |
| Provisions and deferred taxes | 16 | €56,325 | €81,325 | +€25,000 | +44.4% |
| Provisions for liabilities and charges | 160/5 | €56,325 | €81,325 | +€25,000 | +44.4% |
| Environmental obligations | 163 | €56,325 | €81,325 | +€25,000 | +44.4% |
| Amounts payable | 17/49 | €692,816 | €749,711 | +€56,895 | +8.2% |
| Amounts payable after more than one year | 17 | €87,638 | €88,717 | +€1,079 | +1.2% |
| Financial debts | 170/4 | €87,638 | €88,717 | +€1,079 | +1.2% |
| Amounts payable within one year | 42/48 | €604,923 | €660,993 | +€56,071 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €29,897 | €30,725 | +€827 | +2.8% |
| Trade debts | 44 | €350,388 | €322,536 | -€27,852 | -7.9% |
| Suppliers | 440/4 | €350,388 | €322,536 | -€27,852 | -7.9% |
| Advances received on contracts in progress | 46 | €86,338 | €150,000 | +€63,662 | +73.7% |
| Taxes, remuneration and social security | 45 | €128,634 | €147,671 | +€19,036 | +14.8% |
| Taxes | 450/3 | €66,307 | €67,955 | +€1,649 | +2.5% |
| Remuneration and social security | 454/9 | €62,328 | €79,715 | +€17,387 | +27.9% |
| Other amounts payable | 47/48 | €9,665 | €10,062 | +€397 | +4.1% |
| Accrued charges and deferred income | 492/3 | €255 | €0 | -€255 | -100% |
| Remuneration, social security and pensions | 62 | €633,123 | €649,577 | +€16,455 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,192 | €50,271 | -€7,921 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €13,022 | €15,378 | +€2,356 | +18.1% |
| Gross operating margin | 9900 | €831,292 | €887,737 | +€56,444 | +6.8% |
| Operating profit (loss) | 9901 | €126,955 | €147,509 | +€20,554 | +16.2% |
| Financial income | 75/76B | €1,846 | €4,260 | +€2,414 | +131% |
| Recurring financial income | 75 | €1,846 | €4,260 | +€2,414 | +131% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,307 | €10,031 | +€5,723 | +133% |
| Recurring financial charges | 65 | €4,307 | €10,031 | +€5,723 | +133% |
| Profit (loss) for the period before taxes | 9903 | €124,493 | €141,739 | +€17,246 | +13.9% |
| Income taxes | 67/77 | €41,232 | €47,431 | +€6,199 | +15.0% |
| Profit (loss) for the period | 9904 | €83,261 | €94,308 | +€11,047 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,261 | €94,308 | +€11,047 | +13.3% |
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 19 October 2026 via checked.be.