FREE FIELD: 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 FIELD
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+1,299,890%), from €124 to €1.6m
- Tangible fixed assets +€605,050
up €605,050 (+96.7%), from €625,599 to €1.2m
of which Land and buildings: +€611,637
- Cash +€49,858
up €49,858 (+239%), from €20,843 to €70,701
mainly Other debts (+€1.2m) and Net result for the year (+€1.1m)
- Intangible fixed assets -€37,222
down €37,222 (-15.4%), from €241,957 to €204,735
- Other debts +€1.2m
up €1.2m (+147%), from €852,917 to €2.1m
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€941,653 to €153,642
- Trade debts -€122,852
down €122,852 (-96.6%), from €127,156 to €4,304
- Financial income +€1.3m
up €1.3m (+267,856%), from €498 to €1.3m
of which Non-recurring financial income: +€1.3m
- Other operating charges -€124,872
down €124,872 (-97.1%), from €128,627 to €3,755
- Gross operating margin +€79,571
up €79,571 (+62.7%), from -€126,931 to -€47,360
- Depreciation +€26,349
up €26,349 (+65.9%), from €40,008 to €66,357
- Taxes +€1,693
up €1,693 (+756%), from €224 to €1,917
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 | €889,092 | €3,118,678 | +€2.2m | +251% |
| Fixed assets | 21/28 | €867,680 | €3,047,372 | +€2.2m | +251% |
| Intangible fixed assets | 21 | €241,957 | €204,735 | -€37,222 | -15.4% |
| Tangible fixed assets | 22/27 | €625,599 | €1,230,649 | +€605,050 | +96.7% |
| Land and buildings | 22 | €604,567 | €1,216,204 | +€611,637 | +101% |
| Furniture and vehicles | 24 | €21,032 | €14,445 | -€6,587 | -31.3% |
| Financial fixed assets | 28 | €124 | €1,611,988 | +€1.6m | +1,299,890% |
| Current assets | 29/58 | €21,412 | €71,306 | +€49,894 | +233% |
| Cash at bank and in hand | 54/58 | €20,843 | €70,701 | +€49,858 | +239% |
| Deferred charges and accrued income | 490/1 | €569 | €605 | +€36 | +6.3% |
| Total equity and liabilities | 10/49 | €889,092 | €3,118,678 | +€2.2m | +251% |
| Equity | 10/15 | -€93,679 | €1,009,702 | +€1.1m | |
| Contributions | 10/11 | €811,974 | €811,973 | -€1 | 0.0% |
| Capital | 10 | €811,974 | €811,973 | -€1 | 0.0% |
| Issued capital | 100 | €811,974 | €811,973 | -€1 | 0.0% |
| Reserves | 13 | €36,000 | €44,087 | +€8,087 | +22.5% |
| Non-distributable reserves | 130/1 | €36,000 | €44,087 | +€8,087 | +22.5% |
| Legal reserve | 130 | €36,000 | €44,087 | +€8,087 | +22.5% |
| Profit (loss) carried forward | 14 | -€941,653 | €153,642 | +€1.1m | |
| Amounts payable | 17/49 | €982,771 | €2,108,976 | +€1.1m | +115% |
| Amounts payable within one year | 42/48 | €982,771 | €2,108,976 | +€1.1m | +115% |
| Trade debts | 44 | €127,156 | €4,304 | -€122,852 | -96.6% |
| Suppliers | 440/4 | €127,156 | €4,304 | -€122,852 | -96.6% |
| Taxes, remuneration and social security | 45 | €2,698 | €1,808 | -€890 | -33.0% |
| Taxes | 450/3 | €2,698 | €1,808 | -€890 | -33.0% |
| Other amounts payable | 47/48 | €852,917 | €2,102,864 | +€1.2m | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,008 | €66,357 | +€26,349 | +65.9% |
| Other operating charges | 640/8 | €128,627 | €3,755 | -€124,872 | -97.1% |
| Non-recurring operating charges | 66A | - | €111,526 | +€111,526 | |
| Gross operating margin | 9900 | -€126,931 | -€47,360 | +€79,571 | +62.7% |
| Operating profit (loss) | 9901 | -€295,566 | -€228,998 | +€66,568 | +22.5% |
| Financial income | 75/76B | €498 | €1,334,421 | +€1.3m | +267,856% |
| Recurring financial income | 75 | €498 | €44 | -€454 | -91.2% |
| Non-recurring financial income | 76B | - | €1,334,377 | +€1.3m | |
| Financial charges | 65/66B | €112 | €125 | +€13 | +11.6% |
| Recurring financial charges | 65 | €112 | €125 | +€13 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€295,180 | €1,105,298 | +€1.4m | |
| Income taxes | 67/77 | €224 | €1,917 | +€1,693 | +756% |
| Profit (loss) for the period | 9904 | -€295,404 | €1,103,381 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€295,404 | €1,103,381 | +€1.4m |
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 15 October 2026 via checked.be.