IMMO FALCONIS: 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.
IMMO FALCONIS
Largest movements
- Tangible fixed assets +€13.9m
up €13.9m (+218%), from €6.4m to €20.3m
of which Land and buildings: +€14.0m
- Revaluation surpluses +€14.3m
new in 2025: €14.3m
- Debts after one year -€438,866
down €438,866 (-6.5%), from €6.7m to €6.3m
of which Financial debts: -€456,516
- Reserves +€334,994
up €334,994 (+113%), from €297,425 to €632,420
of which Distributable reserves: +€318,245
- Other debts -€283,827
down €283,827 (-6.6%), from €4.3m to €4.0m
- Gross operating margin +€125,441
up €125,441 (+18.0%), from €698,578 to €824,019
- Financial income -€50,545
down €50,545 (-25.8%), from €196,161 to €145,616
- Financial charges -€10,159
down €10,159 (-6.1%), from €166,655 to €156,496
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 | €13,169,922 | €27,079,202 | +€13.9m | +106% |
| Fixed assets | 21/28 | €6,394,729 | €20,337,230 | +€13.9m | +218% |
| Tangible fixed assets | 22/27 | €6,394,729 | €20,337,230 | +€13.9m | +218% |
| Land and buildings | 22 | €6,311,783 | €20,277,550 | +€14.0m | +221% |
| Plant, machinery and equipment | 23 | €45,250 | €33,410 | -€11,841 | -26.2% |
| Furniture and vehicles | 24 | €37,696 | €26,270 | -€11,426 | -30.3% |
| Current assets | 29/58 | €6,775,193 | €6,741,972 | -€33,221 | -0.5% |
| Amounts receivable after more than one year | 29 | €6,700,000 | €6,700,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,700,000 | €6,700,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,482 | €3,615 | -€24,867 | -87.3% |
| Trade receivables | 40 | €6,266 | €1,294 | -€4,971 | -79.3% |
| Other amounts receivable | 41 | €22,217 | €2,321 | -€19,896 | -89.6% |
| Cash at bank and in hand | 54/58 | €38,520 | €29,310 | -€9,210 | -23.9% |
| Deferred charges and accrued income | 490/1 | €8,191 | €9,047 | +€856 | +10.5% |
| Total equity and liabilities | 10/49 | €13,169,922 | €27,079,202 | +€13.9m | +106% |
| Equity | 10/15 | €1,657,425 | €16,303,507 | +€14.6m | +884% |
| Contributions | 10/11 | €1,360,000 | €1,360,000 | = | 0.0% |
| Capital | 10 | €1,360,000 | €1,360,000 | = | 0.0% |
| Issued capital | 100 | €1,360,000 | €1,360,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €14,311,087 | +€14.3m | |
| Reserves | 13 | €297,425 | €632,420 | +€334,994 | +113% |
| Non-distributable reserves | 130/1 | €14,871 | €31,621 | +€16,750 | +113% |
| Legal reserve | 130 | €14,871 | €31,621 | +€16,750 | +113% |
| Distributable reserves | 133 | €282,554 | €600,799 | +€318,245 | +113% |
| Amounts payable | 17/49 | €11,512,497 | €10,775,695 | -€736,802 | -6.4% |
| Amounts payable after more than one year | 17 | €6,735,662 | €6,296,796 | -€438,866 | -6.5% |
| Financial debts | 170/4 | €6,615,047 | €6,158,531 | -€456,516 | -6.9% |
| Other amounts payable | 178/9 | €120,615 | €138,265 | +€17,650 | +14.6% |
| Amounts payable within one year | 42/48 | €4,766,800 | €4,469,908 | -€296,892 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €446,126 | €456,516 | +€10,390 | +2.3% |
| Trade debts | 44 | €34,869 | €11,414 | -€23,455 | -67.3% |
| Suppliers | 440/4 | €34,869 | €11,414 | -€23,455 | -67.3% |
| Other amounts payable | 47/48 | €4,285,805 | €4,001,978 | -€283,827 | -6.6% |
| Accrued charges and deferred income | 492/3 | €10,035 | €8,991 | -€1,044 | -10.4% |
| Non-recurring operating income | 76A | €766 | €811 | +€46 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,197 | €425,898 | +€6,701 | +1.6% |
| Other operating charges | 640/8 | €48,939 | €52,246 | +€3,308 | +6.8% |
| Gross operating margin | 9900 | €698,578 | €824,019 | +€125,441 | +18.0% |
| Operating profit (loss) | 9901 | €230,442 | €345,875 | +€115,433 | +50.1% |
| Financial income | 75/76B | €196,161 | €145,616 | -€50,545 | -25.8% |
| Recurring financial income | 75 | €196,161 | €145,616 | -€50,545 | -25.8% |
| Financial charges | 65/66B | €166,655 | €156,496 | -€10,159 | -6.1% |
| Recurring financial charges | 65 | €166,655 | €156,496 | -€10,159 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €259,948 | €334,994 | +€75,046 | +28.9% |
| Profit (loss) for the period | 9904 | €259,948 | €334,994 | +€75,046 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €259,948 | €334,994 | +€75,046 | +28.9% |
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 22 October 2026 via checked.be.