FREDERIC MATAGNE FREELANCER: 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.
FREDERIC MATAGNE FREELANCER
Largest movements
- Receivables within one year -€35,735
down €35,735 (-97.9%), from €36,493 to €758
of which Trade receivables: -€23,736
- Cash +€10,276
up €10,276 (+489%), from €2,103 to €12,379
mainly Receivables within one year (+€35,735) and Other debts (+€3,442)
- Tangible fixed assets -€2,361
down €2,361 (-98.6%), from €2,395 to €34
- Profit (loss) carried forward -€25,689
down €25,689, from €21,184 to -€4,505
- Tax, wage and social debts -€5,215
no longer reported in 2025 (was €5,215)
of which Remuneration and social security: -€2,750
- Other debts +€3,442
new in 2025: €3,442
- Trade debts -€566
down €566 (-29.7%), from €1,906 to €1,340
- Gross operating margin +€15,423
up €15,423 (+41.3%), from -€37,311 to -€21,888
- Depreciation -€2,768
down €2,768 (-54.0%), from €5,129 to €2,361
- Financial income -€782
no longer reported in 2025 (was €782)
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 | €43,305 | €15,338 | -€27,967 | -64.6% |
| Fixed assets | 21/28 | €2,395 | €34 | -€2,361 | -98.6% |
| Tangible fixed assets | 22/27 | €2,395 | €34 | -€2,361 | -98.6% |
| Furniture and vehicles | 24 | €2,395 | €34 | -€2,361 | -98.6% |
| Current assets | 29/58 | €40,911 | €15,304 | -€25,607 | -62.6% |
| Amounts receivable within one year | 40/41 | €36,493 | €758 | -€35,735 | -97.9% |
| Trade receivables | 40 | €23,736 | - | -€23,736 | |
| Other amounts receivable | 41 | €12,757 | €758 | -€11,999 | -94.1% |
| Cash at bank and in hand | 54/58 | €2,103 | €12,379 | +€10,276 | +489% |
| Deferred charges and accrued income | 490/1 | €2,315 | €2,167 | -€148 | -6.4% |
| Total equity and liabilities | 10/49 | €43,305 | €15,338 | -€27,967 | -64.6% |
| Equity | 10/15 | €36,184 | €10,495 | -€25,689 | -71.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,184 | -€4,505 | -€25,689 | |
| Amounts payable | 17/49 | €7,121 | €4,843 | -€2,278 | -32.0% |
| Amounts payable within one year | 42/48 | €7,121 | €4,782 | -€2,339 | -32.8% |
| Trade debts | 44 | €1,906 | €1,340 | -€566 | -29.7% |
| Suppliers | 440/4 | €1,906 | €1,340 | -€566 | -29.7% |
| Taxes, remuneration and social security | 45 | €5,215 | - | -€5,215 | |
| Taxes | 450/3 | €2,465 | - | -€2,465 | |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Other amounts payable | 47/48 | - | €3,442 | +€3,442 | |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,129 | €2,361 | -€2,768 | -54.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.1% |
| Gross operating margin | 9900 | -€37,311 | -€21,888 | +€15,423 | +41.3% |
| Operating profit (loss) | 9901 | -€42,891 | -€24,714 | +€18,177 | +42.4% |
| Financial income | 75/76B | €782 | - | -€782 | |
| Recurring financial income | 75 | €782 | - | -€782 | |
| Financial charges | 65/66B | €1,157 | €860 | -€297 | -25.6% |
| Recurring financial charges | 65 | €1,157 | €860 | -€297 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,265 | -€25,574 | +€17,691 | +40.9% |
| Income taxes | 67/77 | €140 | €115 | -€25 | -17.6% |
| Profit (loss) for the period | 9904 | -€43,404 | -€25,689 | +€17,715 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,404 | -€25,689 | +€17,715 | +40.8% |
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 25 October 2026 via checked.be.