FALMIVET: 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.
FALMIVET
Largest movements
- Tangible fixed assets +€404,688
up €404,688 (+548.3%), from €73,809 to €478,497
of which Land and buildings: +€411,242
- Cash +€53,215
up €53,215 (+96.6%), from €55,069 to €108,284
mainly Debts after one year (+€378,536) and Net result for the year (+€42,337)
- Receivables within one year -€7,293
down €7,293 (-26.5%), from €27,532 to €20,239
of which Trade receivables: -€7,332
- Debts after one year +€378,536
new in 2025: €378,536
- Reserves +€40,000
up €40,000 (+42.1%), from €95,000 to €135,000
- Current portion of long-term debt +€16,845
new in 2025: €16,845
- Tax, wage and social debts +€14,649
up €14,649 (+135.5%), from €10,810 to €25,459
of which Taxes: +€10,921
- Gross operating margin +€26,858
up €26,858 (+32.9%), from €81,557 to €108,415
- Staff costs +€16,065
up €16,065 (+636.7%), from €2,523 to €18,588
- Financial charges +€7,597
up €7,597 (+352.2%), from €2,157 to €9,754
- Depreciation +€6,351
up €6,351 (+73.2%), from €8,677 to €15,028
- Other operating charges -€4,606
down €4,606 (-82.7%), from €5,569 to €963
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 | €162,728 | €613,784 | +€451,056 | +277.2% |
| Fixed assets | 21/28 | €76,014 | €480,702 | +€404,688 | +532.4% |
| Tangible fixed assets | 22/27 | €73,809 | €478,497 | +€404,688 | +548.3% |
| Land and buildings | 22 | €50,357 | €461,599 | +€411,242 | +816.7% |
| Plant, machinery and equipment | 23 | €23,452 | €16,898 | -€6,554 | -27.9% |
| Financial fixed assets | 28 | €2,205 | €2,205 | = | 0.0% |
| Current assets | 29/58 | €86,714 | €133,082 | +€46,368 | +53.5% |
| Stocks and contracts in progress | 3 | €4,113 | €4,559 | +€446 | +10.8% |
| Stocks | 30/36 | €4,113 | €4,559 | +€446 | +10.8% |
| Amounts receivable within one year | 40/41 | €27,532 | €20,239 | -€7,293 | -26.5% |
| Trade receivables | 40 | €21,610 | €14,278 | -€7,332 | -33.9% |
| Other amounts receivable | 41 | €5,922 | €5,961 | +€39 | +0.7% |
| Cash at bank and in hand | 54/58 | €55,069 | €108,284 | +€53,215 | +96.6% |
| Total equity and liabilities | 10/49 | €162,728 | €613,784 | +€451,056 | +277.2% |
| Equity | 10/15 | €139,306 | €181,643 | +€42,337 | +30.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €135,000 | +€40,000 | +42.1% |
| Distributable reserves | 133 | €95,000 | €135,000 | +€40,000 | +42.1% |
| Profit (loss) carried forward | 14 | €26,306 | €28,643 | +€2,337 | +8.9% |
| Amounts payable | 17/49 | €23,422 | €432,141 | +€408,719 | +1745.0% |
| Amounts payable after more than one year | 17 | - | €378,536 | +€378,536 | |
| Financial debts | 170/4 | - | €378,536 | +€378,536 | |
| Amounts payable within one year | 42/48 | €23,422 | €53,605 | +€30,183 | +128.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,845 | +€16,845 | |
| Financial debts | 43 | - | €2,043 | +€2,043 | |
| Credit institutions | 430/8 | - | €2,043 | +€2,043 | |
| Trade debts | 44 | €6,465 | €4,119 | -€2,346 | -36.3% |
| Suppliers | 440/4 | €6,465 | €4,119 | -€2,346 | -36.3% |
| Taxes, remuneration and social security | 45 | €10,810 | €25,459 | +€14,649 | +135.5% |
| Taxes | 450/3 | €9,782 | €20,703 | +€10,921 | +111.6% |
| Remuneration and social security | 454/9 | €1,028 | €4,756 | +€3,728 | +362.6% |
| Other amounts payable | 47/48 | €6,147 | €5,139 | -€1,008 | -16.4% |
| Remuneration, social security and pensions | 62 | €2,523 | €18,588 | +€16,065 | +636.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,677 | €15,028 | +€6,351 | +73.2% |
| Other operating charges | 640/8 | €5,569 | €963 | -€4,606 | -82.7% |
| Gross operating margin | 9900 | €81,557 | €108,415 | +€26,858 | +32.9% |
| Operating profit (loss) | 9901 | €64,788 | €73,836 | +€9,048 | +14.0% |
| Financial income | 75/76B | €285 | - | -€285 | |
| Recurring financial income | 75 | €285 | - | -€285 | |
| Financial charges | 65/66B | €2,157 | €9,754 | +€7,597 | +352.2% |
| Recurring financial charges | 65 | €2,157 | €9,754 | +€7,597 | +352.2% |
| Profit (loss) for the period before taxes | 9903 | €62,916 | €64,082 | +€1,166 | +1.9% |
| Income taxes | 67/77 | €19,907 | €21,745 | +€1,838 | +9.2% |
| Profit (loss) for the period | 9904 | €43,009 | €42,337 | -€672 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,009 | €42,337 | -€672 | -1.6% |
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 9 October 2026 via checked.be.