Free Time Group: 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.
What changed
Free Time Group
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€262,700
2024 · €288,851-€26,152
Equity
€3.4m
2024 · €3.2m+€145,171
Cash
€218,825
2024 · €94,661+€124,163
Balance sheet total
€10.9m
2024 · €9.9m+€991,865
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+45.8%), from €2.5m to €3.7m
of which Land and buildings: +€1.2m
- Intangible fixed assets -€277,060
down €277,060 (-16.7%), from €1.7m to €1.4m
- Cash +€124,163
up €124,163 (+131%), from €94,661 to €218,825
mainly Debts after one year (+€1.0m) and Depreciation (+€573,782)
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+18.5%), from €5.5m to €6.5m
of which Financial debts: +€1.0m
- Trade debts -€286,450
down €286,450 (-85.5%), from €334,969 to €48,520
- Profit (loss) carried forward +€196,354
up €196,354 (+29.6%), from €662,752 to €859,106
- Current portion of long-term debt +€109,929
up €109,929 (+55.9%), from €196,672 to €306,601
Income statement
- Depreciation +€110,277
up €110,277 (+23.8%), from €463,505 to €573,782
- Gross operating margin +€57,366
up €57,366 (+4.5%), from €1.3m to €1.3m
- Other operating charges -€14,549
down €14,549 (-7.1%), from €204,695 to €190,146
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.
Result 2024
€288,851
Gross operating margin
+€57,366
Staff costs
-€2,108
Depreciation
-€110,277
Other operating charges
+€14,549
Financial income
-€3
Financial charges
+€2,271
Taxes
+€3,048
Deferred taxes and other
+€9,003
Result 2025
€262,700
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€547,688
Investment
-€1.5m
Financing
+€1.1m
Cash 2024
€94,661
From operations (derived)
+€547,688
Net result for the year
+€262,700
Depreciation
+€573,782
Receivables within one year
+€82,391
Smaller working-capital items
-€935
Provisions
-€17,061
Trade debts
-€286,450
Tax, wage and social debts
+€8,993
Other debts
-€75,732
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.1m
Debts after one year
+€1.0m
Current portion of long-term debt
+€109,929
Short-term financial debts
+€90,077
Contributions, distributions and other
-€117,529
Cash 2025
€218,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,896,067 | €10,887,932 | +€991,865 | +10.0% |
| Fixed assets | 21/28 | €9,701,028 | €10,650,684 | +€949,656 | +9.8% |
| Intangible fixed assets | 21 | €1,662,362 | €1,385,301 | -€277,060 | -16.7% |
| Tangible fixed assets | 22/27 | €2,528,148 | €3,686,038 | +€1.2m | +45.8% |
| Land and buildings | 22 | €2,387,383 | €3,580,664 | +€1.2m | +50.0% |
| Furniture and vehicles | 24 | €6,423 | €1,364 | -€5,059 | -78.8% |
| Other tangible fixed assets | 26 | €134,341 | €104,011 | -€30,331 | -22.6% |
| Financial fixed assets | 28 | €5,510,518 | €5,579,344 | +€68,826 | +1.2% |
| Current assets | 29/58 | €195,039 | €237,248 | +€42,209 | +21.6% |
| Amounts receivable within one year | 40/41 | €97,385 | €14,994 | -€82,391 | -84.6% |
| Trade receivables | 40 | €96,493 | €12,544 | -€83,949 | -87.0% |
| Other amounts receivable | 41 | €892 | €2,449 | +€1,558 | +175% |
| Cash at bank and in hand | 54/58 | €94,661 | €218,825 | +€124,163 | +131% |
| Deferred charges and accrued income | 490/1 | €2,993 | €3,430 | +€437 | +14.6% |
| Total equity and liabilities | 10/49 | €9,896,067 | €10,887,932 | +€991,865 | +10.0% |
| Equity | 10/15 | €3,227,865 | €3,373,036 | +€145,171 | +4.5% |
| Contributions | 10/11 | €1,676,957 | €1,676,957 | = | 0.0% |
| Capital | 10 | €1,676,957 | €1,676,957 | = | 0.0% |
| Issued capital | 100 | €1,676,957 | €1,676,957 | = | 0.0% |
| Revaluation surpluses | 12 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €813,787 | €762,604 | -€51,183 | -6.3% |
| Non-distributable reserves | 130/1 | €167,696 | €167,696 | = | 0.0% |
| Legal reserve | 130 | €167,696 | €167,696 | = | 0.0% |
| Tax-exempt reserves | 132 | €646,091 | €594,908 | -€51,183 | -7.9% |
| Profit (loss) carried forward | 14 | €662,752 | €859,106 | +€196,354 | +29.6% |
| Provisions and deferred taxes | 16 | €359,751 | €342,690 | -€17,061 | -4.7% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €200,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €200,000 | €200,000 | = | 0.0% |
| Deferred taxes | 168 | €159,751 | €142,690 | -€17,061 | -10.7% |
| Amounts payable | 17/49 | €6,308,451 | €7,172,207 | +€863,755 | +13.7% |
| Amounts payable after more than one year | 17 | €5,501,478 | €6,518,915 | +€1.0m | +18.5% |
| Financial debts | 170/4 | €3,091,741 | €4,111,646 | +€1.0m | +33.0% |
| Other amounts payable | 178/9 | €2,409,737 | €2,407,269 | -€2,468 | -0.1% |
| Amounts payable within one year | 42/48 | €792,802 | €639,618 | -€153,183 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €196,672 | €306,601 | +€109,929 | +55.9% |
| Financial debts | 43 | €25,388 | €115,465 | +€90,077 | +355% |
| Credit institutions | 430/8 | €25,388 | €115,465 | +€90,077 | +355% |
| Trade debts | 44 | €334,969 | €48,520 | -€286,450 | -85.5% |
| Suppliers | 440/4 | €334,969 | €48,520 | -€286,450 | -85.5% |
| Taxes, remuneration and social security | 45 | €34,414 | €43,407 | +€8,993 | +26.1% |
| Taxes | 450/3 | €34,414 | €43,407 | +€8,993 | +26.1% |
| Other amounts payable | 47/48 | €201,357 | €125,626 | -€75,732 | -37.6% |
| Accrued charges and deferred income | 492/3 | €14,172 | €13,674 | -€498 | -3.5% |
| Non-recurring operating income | 76A | €3,216 | €0 | -€3,216 | -100% |
| Remuneration, social security and pensions | 62 | -€2,108 | €0 | +€2,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463,505 | €573,782 | +€110,277 | +23.8% |
| Other operating charges | 640/8 | €204,695 | €190,146 | -€14,549 | -7.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,288,924 | €1,346,290 | +€57,366 | +4.5% |
| Operating profit (loss) | 9901 | €622,832 | €582,362 | -€40,470 | -6.5% |
| Financial income | 75/76B | €5 | €1 | -€3 | -69.2% |
| Recurring financial income | 75 | €5 | €1 | -€3 | -69.2% |
| Financial charges | 65/66B | €134,961 | €132,690 | -€2,271 | -1.7% |
| Recurring financial charges | 65 | €134,961 | €132,690 | -€2,271 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €487,875 | €449,674 | -€38,202 | -7.8% |
| Transfer from deferred taxes | 780 | €8,882 | €17,885 | +€9,003 | +101% |
| Income taxes | 67/77 | €207,906 | €204,859 | -€3,048 | -1.5% |
| Profit (loss) for the period | 9904 | €288,851 | €262,700 | -€26,152 | -9.1% |
| Transfer from tax-exempt reserves | 789 | €26,647 | €53,654 | +€27,008 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €315,498 | €316,354 | +€856 | +0.3% |
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.