FALOBO: 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.
FALOBO
Largest movements
- Current investments -€270,000
down €270,000 (-100.0%), from €270,000 to €0
- Cash -€173,231
down €173,231 (-69.5%), from €249,091 to €75,860
mainly Other debts (-€765,707) and Investment in fixed assets (net) (-€148,459)
- Receivables within one year -€96,165
down €96,165 (-89.5%), from €107,447 to €11,282
of which Trade receivables: -€74,719
- Tangible fixed assets -€60,506
down €60,506 (-2.2%), from €2.8m to €2.7m
of which Land and buildings: -€139,596
- Other debts -€765,707
down €765,707 (-27.4%), from €2.8m to €2.0m
- Reserves +€213,506
up €213,506 (+139.8%), from €152,754 to €366,260
of which Distributable reserves: +€233,300
- Tax, wage and social debts -€47,929
down €47,929 (-41.1%), from €116,703 to €68,774
of which Remuneration and social security: -€44,879
- Trade debts +€46,175
up €46,175 (+72.5%), from €63,660 to €109,835
- Accrued charges and deferred income -€43,363
down €43,363 (-36.0%), from €120,346 to €76,983
- Staff costs -€173,808
down €173,808 (-27.1%), from €641,821 to €468,012
- Gross operating margin -€111,269
down €111,269 (-9.4%), from €1.2m to €1.1m
- Financial charges -€47,931
down €47,931 (-38.0%), from €126,084 to €78,153
- Taxes +€35,478
up €35,478 (+97.3%), from €36,453 to €71,932
- Depreciation -€31,274
down €31,274 (-13.0%), from €240,239 to €208,965
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 | €3,401,561 | €2,801,419 | -€600,142 | -17.6% |
| Fixed assets | 21/28 | €2,774,734 | €2,714,228 | -€60,506 | -2.2% |
| Tangible fixed assets | 22/27 | €2,772,210 | €2,711,704 | -€60,506 | -2.2% |
| Land and buildings | 22 | €2,757,607 | €2,618,011 | -€139,596 | -5.1% |
| Furniture and vehicles | 24 | €14,602 | €93,693 | +€79,090 | +541.6% |
| Financial fixed assets | 28 | €2,525 | €2,525 | = | 0.0% |
| Current assets | 29/58 | €626,827 | €87,191 | -€539,636 | -86.1% |
| Amounts receivable within one year | 40/41 | €107,447 | €11,282 | -€96,165 | -89.5% |
| Trade receivables | 40 | €75,405 | €687 | -€74,719 | -99.1% |
| Other amounts receivable | 41 | €32,042 | €10,595 | -€21,447 | -66.9% |
| Current investments | 50/53 | €270,000 | €0 | -€270,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €249,091 | €75,860 | -€173,231 | -69.5% |
| Deferred charges and accrued income | 490/1 | €289 | €49 | -€240 | -83.2% |
| Total equity and liabilities | 10/49 | €3,401,561 | €2,801,419 | -€600,142 | -17.6% |
| Equity | 10/15 | €284,254 | €497,760 | +€213,506 | +75.1% |
| Contributions | 10/11 | €131,500 | €131,500 | = | 0.0% |
| Reserves | 13 | €152,754 | €366,260 | +€213,506 | +139.8% |
| Non-distributable reserves | 130/1 | €13,150 | €0 | -€13,150 | -100.0% |
| Reserves not available under the articles | 1311 | €13,150 | €0 | -€13,150 | -100.0% |
| Tax-exempt reserves | 132 | €108,383 | €101,740 | -€6,644 | -6.1% |
| Distributable reserves | 133 | €31,220 | €264,520 | +€233,300 | +747.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €23,414 | €20,590 | -€2,824 | -12.1% |
| Deferred taxes | 168 | €23,414 | €20,590 | -€2,824 | -12.1% |
| Amounts payable | 17/49 | €3,093,894 | €2,283,069 | -€810,824 | -26.2% |
| Amounts payable within one year | 42/48 | €2,973,548 | €2,206,087 | -€767,461 | -25.8% |
| Trade debts | 44 | €63,660 | €109,835 | +€46,175 | +72.5% |
| Suppliers | 440/4 | €63,660 | €109,835 | +€46,175 | +72.5% |
| Taxes, remuneration and social security | 45 | €116,703 | €68,774 | -€47,929 | -41.1% |
| Taxes | 450/3 | €19,436 | €16,387 | -€3,050 | -15.7% |
| Remuneration and social security | 454/9 | €97,267 | €52,387 | -€44,879 | -46.1% |
| Other amounts payable | 47/48 | €2,793,185 | €2,027,478 | -€765,707 | -27.4% |
| Accrued charges and deferred income | 492/3 | €120,346 | €76,983 | -€43,363 | -36.0% |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Remuneration, social security and pensions | 62 | €641,821 | €468,012 | -€173,808 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,239 | €208,965 | -€31,274 | -13.0% |
| Other operating charges | 640/8 | €36,792 | €38,429 | +€1,637 | +4.4% |
| Gross operating margin | 9900 | €1,181,244 | €1,069,975 | -€111,269 | -9.4% |
| Operating profit (loss) | 9901 | €262,392 | €354,568 | +€92,176 | +35.1% |
| Financial income | 75/76B | €19,364 | €6,198 | -€13,166 | -68.0% |
| Recurring financial income | 75 | €19,364 | €6,198 | -€13,166 | -68.0% |
| Financial charges | 65/66B | €126,084 | €78,153 | -€47,931 | -38.0% |
| Recurring financial charges | 65 | €126,084 | €78,153 | -€47,931 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €155,673 | €282,614 | +€126,941 | +81.5% |
| Transfer from deferred taxes | 780 | €2,904 | €2,367 | -€537 | -18.5% |
| Income taxes | 67/77 | €36,453 | €71,932 | +€35,478 | +97.3% |
| Profit (loss) for the period | 9904 | €122,123 | €213,049 | +€90,926 | +74.5% |
| Transfer from tax-exempt reserves | 789 | €8,712 | €7,101 | -€1,611 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,835 | €220,150 | +€89,315 | +68.3% |
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 4 October 2026 via checked.be.