Free-man: 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-man
Largest movements
- Receivables within one year +€115,810
up €115,810 (+21.3%), from €544,510 to €660,320
of which Other amounts receivable: +€131,800
- Reserves +€104,608
up €104,608 (+25.2%), from €415,831 to €520,438
- Current portion of long-term debt +€49,168
up €49,168 (+433.8%), from €11,333 to €60,502
- Tax, wage and social debts -€41,425
down €41,425 (-38.9%), from €106,410 to €64,985
- Gross operating margin -€26,655
down €26,655 (-16.5%), from €162,023 to €135,368
- Financial income +€17,134
up €17,134 (+125.7%), from €13,630 to €30,765
- Other operating charges +€5,542
up €5,542 (+452.8%), from €1,224 to €6,766
- Financial charges +€5,403
up €5,403 (+75.6%), from €7,144 to €12,547
- Taxes -€5,375
down €5,375 (-12.6%), from €42,580 to €37,206
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 | €546,491 | €662,020 | +€115,529 | +21.1% |
| Fixed assets | 21/28 | €6 | €0 | -€6 | -100.0% |
| Tangible fixed assets | 22/27 | €6 | €0 | -€6 | -100.0% |
| Furniture and vehicles | 24 | €6 | €0 | -€6 | -100.0% |
| Current assets | 29/58 | €546,486 | €662,020 | +€115,535 | +21.1% |
| Amounts receivable within one year | 40/41 | €544,510 | €660,320 | +€115,810 | +21.3% |
| Trade receivables | 40 | €37,140 | €21,150 | -€15,990 | -43.1% |
| Other amounts receivable | 41 | €507,370 | €639,170 | +€131,800 | +26.0% |
| Cash at bank and in hand | 54/58 | €1,976 | €0 | -€1,976 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,700 | +€1,700 | |
| Total equity and liabilities | 10/49 | €546,491 | €662,020 | +€115,529 | +21.1% |
| Equity | 10/15 | €418,831 | €523,438 | +€104,608 | +25.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €415,831 | €520,438 | +€104,608 | +25.2% |
| Distributable reserves | 133 | €415,831 | €520,438 | +€104,608 | +25.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €127,661 | €138,582 | +€10,921 | +8.6% |
| Amounts payable after more than one year | 17 | €5,667 | €0 | -€5,667 | -100.0% |
| Financial debts | 170/4 | €5,667 | €0 | -€5,667 | -100.0% |
| Amounts payable within one year | 42/48 | €121,994 | €138,582 | +€16,588 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €11,333 | €60,502 | +€49,168 | +433.8% |
| Trade debts | 44 | €4,251 | €8,096 | +€3,845 | +90.4% |
| Suppliers | 440/4 | €4,251 | €8,096 | +€3,845 | +90.4% |
| Taxes, remuneration and social security | 45 | €106,410 | €64,985 | -€41,425 | -38.9% |
| Taxes | 450/3 | €106,410 | €64,985 | -€41,425 | -38.9% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714 | €6 | -€708 | -99.2% |
| Other operating charges | 640/8 | €1,224 | €6,766 | +€5,542 | +452.8% |
| Non-recurring operating charges | 66A | €44 | €0 | -€44 | -100.0% |
| Gross operating margin | 9900 | €162,023 | €135,368 | -€26,655 | -16.5% |
| Operating profit (loss) | 9901 | €160,041 | €128,596 | -€31,446 | -19.6% |
| Financial income | 75/76B | €13,630 | €30,765 | +€17,134 | +125.7% |
| Recurring financial income | 75 | €13,630 | €30,765 | +€17,134 | +125.7% |
| Financial charges | 65/66B | €7,144 | €12,547 | +€5,403 | +75.6% |
| Recurring financial charges | 65 | €7,144 | €12,547 | +€5,403 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €166,528 | €146,813 | -€19,715 | -11.8% |
| Income taxes | 67/77 | €42,580 | €37,206 | -€5,375 | -12.6% |
| Profit (loss) for the period | 9904 | €123,948 | €109,608 | -€14,340 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,948 | €109,608 | -€14,340 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.