Free Concept: 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 Concept
Largest movements
- Current investments -€40,000
down €40,000 (-13.8%), from €290,000 to €250,000
- Cash +€5,396
up €5,396 (+220.5%), from €2,447 to €7,844
mainly Current investments (+€40,000) and Other debts (+€16,838)
- Tangible fixed assets -€4,890
down €4,890 (-5.3%), from €92,931 to €88,041
of which Land and buildings: -€4,848
- Profit (loss) carried forward -€47,624
down €47,624 (-102.1%), from -€46,628 to -€94,252
- Other debts +€16,838
up €16,838 (+228.3%), from €7,375 to €24,213
- Accrued charges and deferred income -€9,075
down €9,075 (-73.1%), from €12,420 to €3,346
- Gross operating margin -€15,930
down €15,930 (-59.8%), from -€26,626 to -€42,556
- Depreciation -€1,665
down €1,665 (-22.9%), from €7,283 to €5,618
- Financial income -€1,163
down €1,163 (-17.8%), from €6,552 to €5,389
- Financial charges +€980
up €980 (+176.7%), from €555 to €1,534
- Taxes +€618
up €618, from -€306 to €312
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 | €387,437 | €347,644 | -€39,793 | -10.3% |
| Fixed assets | 21/28 | €92,931 | €88,041 | -€4,890 | -5.3% |
| Tangible fixed assets | 22/27 | €92,931 | €88,041 | -€4,890 | -5.3% |
| Land and buildings | 22 | €92,289 | €87,442 | -€4,848 | -5.3% |
| Furniture and vehicles | 24 | €256 | €599 | +€343 | +134.0% |
| Other tangible fixed assets | 26 | €385 | - | -€385 | |
| Current assets | 29/58 | €294,506 | €259,603 | -€34,903 | -11.9% |
| Amounts receivable within one year | 40/41 | €936 | €591 | -€345 | -36.9% |
| Other amounts receivable | 41 | €936 | €591 | -€345 | -36.9% |
| Current investments | 50/53 | €290,000 | €250,000 | -€40,000 | -13.8% |
| Cash at bank and in hand | 54/58 | €2,447 | €7,844 | +€5,396 | +220.5% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,169 | +€46 | +4.1% |
| Total equity and liabilities | 10/49 | €387,437 | €347,644 | -€39,793 | -10.3% |
| Equity | 10/15 | €362,903 | €315,278 | -€47,624 | -13.1% |
| Contributions | 10/11 | €240,327 | €240,327 | = | 0.0% |
| Capital | 10 | €240,327 | €240,327 | = | 0.0% |
| Issued capital | 100 | €240,327 | €240,327 | = | 0.0% |
| Reserves | 13 | €169,204 | €169,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,038 | €16,038 | = | 0.0% |
| Legal reserve | 130 | €16,038 | €16,038 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,003 | €11,003 | = | 0.0% |
| Distributable reserves | 133 | €142,163 | €142,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,628 | -€94,252 | -€47,624 | -102.1% |
| Amounts payable | 17/49 | €24,535 | €32,366 | +€7,831 | +31.9% |
| Amounts payable within one year | 42/48 | €12,114 | €29,020 | +€16,906 | +139.6% |
| Trade debts | 44 | €4,445 | €4,496 | +€51 | +1.1% |
| Suppliers | 440/4 | €4,445 | €4,496 | +€51 | +1.1% |
| Taxes, remuneration and social security | 45 | €295 | €312 | +€18 | +6.0% |
| Taxes | 450/3 | €295 | €312 | +€18 | +6.0% |
| Other amounts payable | 47/48 | €7,375 | €24,213 | +€16,838 | +228.3% |
| Accrued charges and deferred income | 492/3 | €12,420 | €3,346 | -€9,075 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,283 | €5,618 | -€1,665 | -22.9% |
| Other operating charges | 640/8 | €2,957 | €2,993 | +€36 | +1.2% |
| Gross operating margin | 9900 | -€26,626 | -€42,556 | -€15,930 | -59.8% |
| Operating profit (loss) | 9901 | -€36,866 | -€51,166 | -€14,300 | -38.8% |
| Financial income | 75/76B | €6,552 | €5,389 | -€1,163 | -17.8% |
| Recurring financial income | 75 | €6,552 | €5,389 | -€1,163 | -17.8% |
| Financial charges | 65/66B | €555 | €1,534 | +€980 | +176.7% |
| Recurring financial charges | 65 | €555 | €1,534 | +€980 | +176.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,869 | -€47,312 | -€16,444 | -53.3% |
| Income taxes | 67/77 | -€306 | €312 | +€618 | |
| Profit (loss) for the period | 9904 | -€30,563 | -€47,624 | -€17,061 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,563 | -€47,624 | -€17,061 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.