FREE BELGIAN NETWORK: 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 BELGIAN NETWORK
Largest movements
- Receivables within one year +€67,914
up €67,914 (+96.8%), from €70,190 to €138,104
- Cash -€44,310
down €44,310 (-92.0%), from €48,152 to €3,842
mainly Receivables within one year (-€67,914) and Accrued charges and deferred income (-€24,492)
- Financial fixed assets -€4,800
no longer reported in 2025 (was €4,800)
- Other debts +€68,827
up €68,827 (+295%), from €23,326 to €92,152
- Accrued charges and deferred income -€24,492
down €24,492 (-90.9%), from €26,940 to €2,449
- Tax, wage and social debts -€20,145
down €20,145 (-33.8%), from €59,655 to €39,510
- Trade debts -€18,809
down €18,809 (-99.8%), from €18,843 to €34
- Profit (loss) carried forward +€13,423
up €13,423 (+18.3%), from -€73,272 to -€59,849
- Gross operating margin +€59,542
up €59,542 (+378%), from €15,735 to €75,277
- Other operating charges +€2,316
up €2,316 (+417%), from €556 to €2,872
- Financial charges -€1,220
down €1,220 (-31.0%), from €3,934 to €2,715
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 | €123,142 | €141,946 | +€18,804 | +15.3% |
| Fixed assets | 21/28 | €4,800 | - | -€4,800 | |
| Financial fixed assets | 28 | €4,800 | - | -€4,800 | |
| Current assets | 29/58 | €118,342 | €141,946 | +€23,604 | +19.9% |
| Amounts receivable within one year | 40/41 | €70,190 | €138,104 | +€67,914 | +96.8% |
| Other amounts receivable | 41 | €70,190 | €138,104 | +€67,914 | +96.8% |
| Cash at bank and in hand | 54/58 | €48,152 | €3,842 | -€44,310 | -92.0% |
| Total equity and liabilities | 10/49 | €123,142 | €141,946 | +€18,804 | +15.3% |
| Equity | 10/15 | -€5,622 | €7,801 | +€13,423 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,272 | -€59,849 | +€13,423 | +18.3% |
| Amounts payable | 17/49 | €128,764 | €134,145 | +€5,380 | +4.2% |
| Amounts payable within one year | 42/48 | €101,824 | €131,696 | +€29,872 | +29.3% |
| Trade debts | 44 | €18,843 | €34 | -€18,809 | -99.8% |
| Suppliers | 440/4 | €18,843 | €34 | -€18,809 | -99.8% |
| Taxes, remuneration and social security | 45 | €59,655 | €39,510 | -€20,145 | -33.8% |
| Taxes | 450/3 | €59,655 | €39,510 | -€20,145 | -33.8% |
| Other amounts payable | 47/48 | €23,326 | €92,152 | +€68,827 | +295% |
| Accrued charges and deferred income | 492/3 | €26,940 | €2,449 | -€24,492 | -90.9% |
| Other operating charges | 640/8 | €556 | €2,872 | +€2,316 | +417% |
| Non-recurring operating charges | 66A | - | €56,267 | +€56,267 | |
| Gross operating margin | 9900 | €15,735 | €75,277 | +€59,542 | +378% |
| Operating profit (loss) | 9901 | €15,179 | €16,138 | +€959 | +6.3% |
| Financial charges | 65/66B | €3,934 | €2,715 | -€1,220 | -31.0% |
| Recurring financial charges | 65 | €3,934 | €2,715 | -€1,220 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €11,245 | €13,423 | +€2,178 | +19.4% |
| Profit (loss) for the period | 9904 | €11,245 | €13,423 | +€2,178 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,245 | €13,423 | +€2,178 | +19.4% |
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 14 October 2026 via checked.be.