FALPARK: 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.
FALPARK
Largest movements
- Stocks and contracts -€243,662
down €243,662 (-69.9%), from €348,805 to €105,143
- Tangible fixed assets -€134,470
down €134,470 (-92.7%), from €145,134 to €10,664
of which Leasing and similar rights: -€129,363
- Cash +€83,068
up €83,068 (+1717.2%), from €4,837 to €87,906
mainly Stocks and contracts (+€243,662) and Investment in fixed assets (net) (+€131,204)
- Receivables within one year +€16,784
up €16,784 (+8.5%), from €197,270 to €214,054
of which Trade receivables: +€23,473
- Reserves -€273,114
down €273,114 (-78.0%), from €350,096 to €76,983
of which Distributable reserves: -€273,114
- Other debts +€109,492
up €109,492 (+687.1%), from €15,934 to €125,426
- Debts after one year -€77,551
down €77,551 (-100.0%), from €77,551 to €0
- Current portion of long-term debt -€55,276
down €55,276 (-97.7%), from €56,550 to €1,274
- Trade debts +€31,041
up €31,041 (+98.1%), from €31,640 to €62,681
- Gross operating margin -€180,280
down €180,280, from €117,630 to -€62,650
- Depreciation -€59,811
down €59,811 (-94.4%), from €63,340 to €3,529
- Other operating charges +€50,608
up €50,608 (+688.0%), from €7,356 to €57,964
- Taxes -€3,026
down €3,026 (-100.0%), from €3,026 to €0
- Financial charges +€1,879
up €1,879 (+7.9%), from €23,840 to €25,719
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 | €700,772 | €421,862 | -€278,910 | -39.8% |
| Fixed assets | 21/28 | €145,865 | €11,131 | -€134,733 | -92.4% |
| Intangible fixed assets | 21 | €264 | €0 | -€264 | -100.0% |
| Tangible fixed assets | 22/27 | €145,134 | €10,664 | -€134,470 | -92.7% |
| Plant, machinery and equipment | 23 | €6,223 | €3,818 | -€2,405 | -38.7% |
| Furniture and vehicles | 24 | €4,875 | €3,737 | -€1,138 | -23.3% |
| Leasing and similar rights | 25 | €132,473 | €3,109 | -€129,363 | -97.7% |
| Other tangible fixed assets | 26 | €1,564 | €0 | -€1,564 | -100.0% |
| Financial fixed assets | 28 | €467 | €467 | = | 0.0% |
| Current assets | 29/58 | €554,907 | €410,730 | -€144,177 | -26.0% |
| Stocks and contracts in progress | 3 | €348,805 | €105,143 | -€243,662 | -69.9% |
| Stocks | 30/36 | €348,805 | €105,143 | -€243,662 | -69.9% |
| Amounts receivable within one year | 40/41 | €197,270 | €214,054 | +€16,784 | +8.5% |
| Trade receivables | 40 | €58,058 | €81,531 | +€23,473 | +40.4% |
| Other amounts receivable | 41 | €139,212 | €132,523 | -€6,689 | -4.8% |
| Cash at bank and in hand | 54/58 | €4,837 | €87,906 | +€83,068 | +1717.2% |
| Deferred charges and accrued income | 490/1 | €3,995 | €3,628 | -€368 | -9.2% |
| Total equity and liabilities | 10/49 | €700,772 | €421,862 | -€278,910 | -39.8% |
| Equity | 10/15 | €412,096 | €138,983 | -€273,114 | -66.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €350,096 | €76,983 | -€273,114 | -78.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €343,896 | €70,783 | -€273,114 | -79.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €288,676 | €282,879 | -€5,797 | -2.0% |
| Amounts payable after more than one year | 17 | €77,551 | €0 | -€77,551 | -100.0% |
| Financial debts | 170/4 | €77,551 | €0 | -€77,551 | -100.0% |
| Amounts payable within one year | 42/48 | €211,125 | €274,382 | +€63,257 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €56,550 | €1,274 | -€55,276 | -97.7% |
| Financial debts | 43 | €107,000 | €85,000 | -€22,000 | -20.6% |
| Credit institutions | 430/8 | €107,000 | €85,000 | -€22,000 | -20.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €31,640 | €62,681 | +€31,041 | +98.1% |
| Suppliers | 440/4 | €31,640 | €62,681 | +€31,041 | +98.1% |
| Other amounts payable | 47/48 | €15,934 | €125,426 | +€109,492 | +687.1% |
| Accrued charges and deferred income | 492/3 | - | €8,498 | +€8,498 | |
| Remuneration, social security and pensions | 62 | €15,088 | €13,311 | -€1,778 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,340 | €3,529 | -€59,811 | -94.4% |
| Other operating charges | 640/8 | €7,356 | €57,964 | +€50,608 | +688.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,630 | -€62,650 | -€180,280 | |
| Operating profit (loss) | 9901 | €31,846 | -€137,454 | -€169,299 | |
| Financial income | 75/76B | €168 | €59 | -€108 | -64.6% |
| Recurring financial income | 75 | €168 | €59 | -€108 | -64.6% |
| Financial charges | 65/66B | €23,840 | €25,719 | +€1,879 | +7.9% |
| Recurring financial charges | 65 | €23,840 | €25,719 | +€1,879 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €8,174 | -€163,114 | -€171,287 | |
| Income taxes | 67/77 | €3,026 | €0 | -€3,026 | -100.0% |
| Profit (loss) for the period | 9904 | €5,148 | -€163,114 | -€168,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,148 | -€163,114 | -€168,261 |
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 6 October 2026 via checked.be.