FALX: 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.
FALX
Largest movements
- Current investments +€34,000
up €34,000 (+44.7%), from €76,000 to €110,000
- Tangible fixed assets +€6,099
up €6,099 (+182.0%), from €3,351 to €9,450
of which Other tangible fixed assets: +€5,234
- Other debts +€106,174
up €106,174 (+567.4%), from €18,714 to €124,887
- Reserves -€62,000
down €62,000 (-71.3%), from €87,000 to €25,000
- Financial charges -€6,903
down €6,903 (-9.3%), from €73,829 to €66,926
- Gross operating margin -€4,215
down €4,215 (-5.0%), from €84,066 to €79,852
- Other operating charges -€1,398
down €1,398 (-72.9%), from €1,918 to €520
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 | €118,736 | €162,453 | +€43,717 | +36.8% |
| Fixed assets | 21/28 | €3,351 | €9,450 | +€6,099 | +182.0% |
| Tangible fixed assets | 22/27 | €3,351 | €9,450 | +€6,099 | +182.0% |
| Furniture and vehicles | 24 | €1,983 | €2,848 | +€865 | +43.6% |
| Other tangible fixed assets | 26 | €1,368 | €6,602 | +€5,234 | +382.6% |
| Current assets | 29/58 | €115,386 | €153,003 | +€37,618 | +32.6% |
| Amounts receivable within one year | 40/41 | €7,840 | €8,554 | +€714 | +9.1% |
| Trade receivables | 40 | €554 | €2,090 | +€1,537 | +277.5% |
| Other amounts receivable | 41 | €7,286 | €6,464 | -€822 | -11.3% |
| Current investments | 50/53 | €76,000 | €110,000 | +€34,000 | +44.7% |
| Cash at bank and in hand | 54/58 | €29,441 | €30,952 | +€1,511 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,105 | €3,498 | +€1,393 | +66.2% |
| Total equity and liabilities | 10/49 | €118,736 | €162,453 | +€43,717 | +36.8% |
| Equity | 10/15 | €95,343 | €32,600 | -€62,743 | -65.8% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €87,000 | €25,000 | -€62,000 | -71.3% |
| Distributable reserves | 133 | €87,000 | €25,000 | -€62,000 | -71.3% |
| Profit (loss) carried forward | 14 | €743 | €0 | -€743 | -100.0% |
| Amounts payable | 17/49 | €23,394 | €129,853 | +€106,460 | +455.1% |
| Amounts payable within one year | 42/48 | €23,394 | €129,827 | +€106,433 | +455.0% |
| Trade debts | 44 | €530 | €1,040 | +€509 | +96.0% |
| Suppliers | 440/4 | €530 | €1,040 | +€509 | +96.0% |
| Taxes, remuneration and social security | 45 | €4,150 | €3,900 | -€250 | -6.0% |
| Taxes | 450/3 | €3,900 | €3,900 | = | 0.0% |
| Remuneration and social security | 454/9 | €250 | €0 | -€250 | -100.0% |
| Other amounts payable | 47/48 | €18,714 | €124,887 | +€106,174 | +567.4% |
| Accrued charges and deferred income | 492/3 | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €1,597 | -€77 | -4.6% |
| Other operating charges | 640/8 | €1,918 | €520 | -€1,398 | -72.9% |
| Gross operating margin | 9900 | €84,066 | €79,852 | -€4,215 | -5.0% |
| Operating profit (loss) | 9901 | €80,475 | €77,735 | -€2,740 | -3.4% |
| Financial income | 75/76B | €869 | €722 | -€146 | -16.9% |
| Recurring financial income | 75 | €869 | €722 | -€146 | -16.9% |
| Financial charges | 65/66B | €73,829 | €66,926 | -€6,903 | -9.3% |
| Recurring financial charges | 65 | €73,829 | €66,926 | -€6,903 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €7,515 | €11,531 | +€4,017 | +53.4% |
| Income taxes | 67/77 | €2,954 | €3,753 | +€798 | +27.0% |
| Profit (loss) for the period | 9904 | €4,560 | €7,778 | +€3,218 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,560 | €7,778 | +€3,218 | +70.6% |
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 1 October 2026 via checked.be.