Free 2 Focus: 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.
Free 2 Focus
Largest movements
- Cash +€31,104
up €31,104 (+605%), from €5,139 to €36,243
mainly Net result for the year (+€37,276) and Tax, wage and social debts (+€6,911)
- Receivables within one year +€11,875
up €11,875 (+33.5%), from €35,409 to €47,284
of which Trade receivables: +€11,746
- Tangible fixed assets -€2,266
down €2,266 (-28.9%), from €7,845 to €5,579
- Deferred charges and accrued income +€2,192
up €2,192 (+15,286%), from €14 to €2,206
- Reserves +€37,276
up €37,276 (+109%), from €34,126 to €71,402
- Tax, wage and social debts +€6,911
up €6,911 (+684%), from €1,011 to €7,921
- Trade debts -€2,186
down €2,186 (-26.4%), from €8,270 to €6,084
- Gross operating margin +€10,719
up €10,719 (+22.5%), from €47,572 to €58,292
- Write-downs +€3,614
new in 2025: €3,614
- Financial charges +€2,239
up €2,239 (+1,557%), from €144 to €2,383
- Taxes +€1,987
up €1,987 (+20.0%), from €9,913 to €11,900
- Depreciation -€611
down €611 (-21.2%), from €2,877 to €2,266
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 | €48,407 | €91,312 | +€42,906 | +88.6% |
| Fixed assets | 21/28 | €7,845 | €5,579 | -€2,266 | -28.9% |
| Tangible fixed assets | 22/27 | €7,845 | €5,579 | -€2,266 | -28.9% |
| Furniture and vehicles | 24 | €7,845 | €5,579 | -€2,266 | -28.9% |
| Current assets | 29/58 | €40,562 | €85,733 | +€45,171 | +111% |
| Amounts receivable within one year | 40/41 | €35,409 | €47,284 | +€11,875 | +33.5% |
| Trade receivables | 40 | €27,444 | €39,190 | +€11,746 | +42.8% |
| Other amounts receivable | 41 | €7,965 | €8,094 | +€129 | +1.6% |
| Cash at bank and in hand | 54/58 | €5,139 | €36,243 | +€31,104 | +605% |
| Deferred charges and accrued income | 490/1 | €14 | €2,206 | +€2,192 | +15,286% |
| Total equity and liabilities | 10/49 | €48,407 | €91,312 | +€42,906 | +88.6% |
| Equity | 10/15 | €39,126 | €76,402 | +€37,276 | +95.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,126 | €71,402 | +€37,276 | +109% |
| Distributable reserves | 133 | €34,126 | €71,402 | +€37,276 | +109% |
| Amounts payable | 17/49 | €9,281 | €14,911 | +€5,630 | +60.7% |
| Amounts payable within one year | 42/48 | €9,281 | €14,006 | +€4,725 | +50.9% |
| Trade debts | 44 | €8,270 | €6,084 | -€2,186 | -26.4% |
| Suppliers | 440/4 | €8,270 | €6,084 | -€2,186 | -26.4% |
| Taxes, remuneration and social security | 45 | €1,011 | €7,921 | +€6,911 | +684% |
| Taxes | 450/3 | €1,011 | €7,921 | +€6,911 | +684% |
| Accrued charges and deferred income | 492/3 | - | €905 | +€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,877 | €2,266 | -€611 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,614 | +€3,614 | |
| Other operating charges | 640/8 | €851 | €1,167 | +€316 | +37.1% |
| Gross operating margin | 9900 | €47,572 | €58,292 | +€10,719 | +22.5% |
| Operating profit (loss) | 9901 | €43,844 | €51,245 | +€7,401 | +16.9% |
| Financial income | 75/76B | €339 | €314 | -€25 | -7.4% |
| Recurring financial income | 75 | €339 | €314 | -€25 | -7.4% |
| Financial charges | 65/66B | €144 | €2,383 | +€2,239 | +1,557% |
| Recurring financial charges | 65 | €144 | €2,383 | +€2,239 | +1,557% |
| Profit (loss) for the period before taxes | 9903 | €44,039 | €49,176 | +€5,137 | +11.7% |
| Income taxes | 67/77 | €9,913 | €11,900 | +€1,987 | +20.0% |
| Profit (loss) for the period | 9904 | €34,126 | €37,276 | +€3,150 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,126 | €37,276 | +€3,150 | +9.2% |
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 16 October 2026 via checked.be.