FREE EAGLE COMPANY: 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 EAGLE COMPANY
Largest movements
- Receivables within one year +€5,184
up €5,184 (+47.8%), from €10,853 to €16,037
of which Trade receivables: +€5,184
- Current investments +€4,139
up €4,139 (+1.4%), from €296,265 to €300,404
- Other debts +€90,429
up €90,429 (+241%), from €37,486 to €127,915
- Reserves -€87,550
down €87,550 (-33.0%), from €265,613 to €178,063
- Tax, wage and social debts +€3,974
up €3,974 (+24.0%), from €16,526 to €20,500
of which Taxes: +€4,247
- Gross operating margin -€10,481
down €10,481 (-12.6%), from €83,272 to €72,791
- Taxes -€3,645
down €3,645 (-16.1%), from €22,685 to €19,041
- Financial income -€1,459
down €1,459 (-26.2%), from €5,558 to €4,100
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 | €332,025 | €338,959 | +€6,934 | +2.1% |
| Fixed assets | 21/28 | €11,880 | €9,984 | -€1,896 | -16.0% |
| Tangible fixed assets | 22/27 | €11,830 | €9,934 | -€1,896 | -16.0% |
| Plant, machinery and equipment | 23 | €2,396 | €1,132 | -€1,264 | -52.7% |
| Furniture and vehicles | 24 | €9,434 | €8,802 | -€632 | -6.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €320,145 | €328,974 | +€8,829 | +2.8% |
| Amounts receivable within one year | 40/41 | €10,853 | €16,037 | +€5,184 | +47.8% |
| Trade receivables | 40 | €10,851 | €16,034 | +€5,184 | +47.8% |
| Other amounts receivable | 41 | €2 | €2 | +€0 | +1.8% |
| Current investments | 50/53 | €296,265 | €300,404 | +€4,139 | +1.4% |
| Cash at bank and in hand | 54/58 | €13,027 | €12,533 | -€494 | -3.8% |
| Total equity and liabilities | 10/49 | €332,025 | €338,959 | +€6,934 | +2.1% |
| Equity | 10/15 | €278,013 | €190,463 | -€87,550 | -31.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €265,613 | €178,063 | -€87,550 | -33.0% |
| Distributable reserves | 133 | €265,613 | €178,063 | -€87,550 | -33.0% |
| Amounts payable | 17/49 | €54,013 | €148,496 | +€94,484 | +175% |
| Amounts payable within one year | 42/48 | €54,013 | €148,496 | +€94,484 | +175% |
| Trade debts | 44 | - | €81 | +€81 | |
| Suppliers | 440/4 | - | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | €16,526 | €20,500 | +€3,974 | +24.0% |
| Taxes | 450/3 | €16,253 | €20,500 | +€4,247 | +26.1% |
| Remuneration and social security | 454/9 | €273 | - | -€273 | |
| Other amounts payable | 47/48 | €37,486 | €127,915 | +€90,429 | +241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,058 | €7,608 | +€550 | +7.8% |
| Other operating charges | 640/8 | €887 | €853 | -€34 | -3.8% |
| Gross operating margin | 9900 | €83,272 | €72,791 | -€10,481 | -12.6% |
| Operating profit (loss) | 9901 | €75,328 | €64,331 | -€10,997 | -14.6% |
| Financial income | 75/76B | €5,558 | €4,100 | -€1,459 | -26.2% |
| Recurring financial income | 75 | €5,558 | €4,100 | -€1,459 | -26.2% |
| Financial charges | 65/66B | €37 | €42 | +€4 | +11.4% |
| Recurring financial charges | 65 | €37 | €42 | +€4 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €80,849 | €68,389 | -€12,460 | -15.4% |
| Income taxes | 67/77 | €22,685 | €19,041 | -€3,645 | -16.1% |
| Profit (loss) for the period | 9904 | €58,163 | €49,348 | -€8,815 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,163 | €49,348 | -€8,815 | -15.2% |
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 26 October 2026 via checked.be.