FREE2MOVE BELGIUM: 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.
FREE2MOVE BELGIUM
Largest movements
- Receivables within one year +€734,179
up €734,179 (+83.5%), from €879,696 to €1.6m
of which Trade receivables: +€746,094
- Cash -€69,578
down €69,578 (-33.1%), from €210,059 to €140,480
mainly Receivables within one year (-€734,179) and Net result for the year (-€572,108)
- Intangible fixed assets +€58,344
new in 2024: €58,344
- Trade debts +€763,305
up €763,305 (+338%), from €225,944 to €989,249
- Profit (loss) carried forward -€572,108
down €572,108, from €63,287 to -€508,821
- Debts after one year +€251,653
new in 2024: €251,653
- Other debts +€161,628
up €161,628 (+20.8%), from €775,615 to €937,242
- Tax, wage and social debts +€100,316
up €100,316 (+649%), from €15,464 to €115,780
of which Taxes: +€98,147
- Write-downs +€376,302
new in 2024: €376,302
- Staff costs +€165,179
up €165,179 (+116%), from €142,739 to €307,919
- Gross operating margin +€60,321
up €60,321 (+52.8%), from €114,268 to €174,589
- Taxes +€42,365
up €42,365 (+4,095%), from €1,034 to €43,399
- Financial charges -€35,389
down €35,389 (-73.8%), from €47,965 to €12,577
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,093,010 | €1,835,292 | +€742,282 | +67.9% |
| Fixed assets | 21/28 | €2,560 | €72,807 | +€70,247 | +2,744% |
| Intangible fixed assets | 21 | - | €58,344 | +€58,344 | |
| Tangible fixed assets | 22/27 | €2,197 | €2,473 | +€276 | +12.5% |
| Furniture and vehicles | 24 | €2,197 | €2,473 | +€276 | +12.5% |
| Financial fixed assets | 28 | €363 | €11,991 | +€11,628 | +3,203% |
| Current assets | 29/58 | €1,090,450 | €1,762,485 | +€672,035 | +61.6% |
| Amounts receivable within one year | 40/41 | €879,696 | €1,613,875 | +€734,179 | +83.5% |
| Trade receivables | 40 | €698,653 | €1,444,747 | +€746,094 | +107% |
| Other amounts receivable | 41 | €181,043 | €169,128 | -€11,915 | -6.6% |
| Cash at bank and in hand | 54/58 | €210,059 | €140,480 | -€69,578 | -33.1% |
| Deferred charges and accrued income | 490/1 | €696 | €8,130 | +€7,435 | +1,069% |
| Total equity and liabilities | 10/49 | €1,093,010 | €1,835,292 | +€742,282 | +67.9% |
| Equity | 10/15 | €68,287 | -€503,821 | -€572,108 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,287 | -€508,821 | -€572,108 | |
| Amounts payable | 17/49 | €1,024,723 | €2,339,114 | +€1.3m | +128% |
| Amounts payable after more than one year | 17 | - | €251,653 | +€251,653 | |
| Other amounts payable | 178/9 | - | €251,653 | +€251,653 | |
| Amounts payable within one year | 42/48 | €1,024,723 | €2,042,272 | +€1.0m | +99.3% |
| Trade debts | 44 | €225,944 | €989,249 | +€763,305 | +338% |
| Suppliers | 440/4 | €225,944 | €989,249 | +€763,305 | +338% |
| Advances received on contracts in progress | 46 | €7,700 | €0 | -€7,700 | -100% |
| Taxes, remuneration and social security | 45 | €15,464 | €115,780 | +€100,316 | +649% |
| Taxes | 450/3 | €0 | €98,147 | +€98,147 | |
| Remuneration and social security | 454/9 | €15,464 | €17,634 | +€2,169 | +14.0% |
| Other amounts payable | 47/48 | €775,615 | €937,242 | +€161,628 | +20.8% |
| Accrued charges and deferred income | 492/3 | €0 | €45,188 | +€45,188 | |
| Remuneration, social security and pensions | 62 | €142,739 | €307,919 | +€165,179 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €5,216 | +€4,390 | +532% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €376,302 | +€376,302 | |
| Other operating charges | 640/8 | €459 | €1,587 | +€1,128 | +245% |
| Gross operating margin | 9900 | €114,268 | €174,589 | +€60,321 | +52.8% |
| Operating profit (loss) | 9901 | -€29,756 | -€516,435 | -€486,679 | -1,636% |
| Financial income | 75/76B | €666 | €302 | -€364 | -54.6% |
| Recurring financial income | 75 | €666 | €302 | -€364 | -54.6% |
| Financial charges | 65/66B | €47,965 | €12,577 | -€35,389 | -73.8% |
| Recurring financial charges | 65 | €47,965 | €12,577 | -€35,389 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | -€77,056 | -€528,709 | -€451,654 | -586% |
| Income taxes | 67/77 | €1,034 | €43,399 | +€42,365 | +4,095% |
| Profit (loss) for the period | 9904 | -€78,090 | -€572,108 | -€494,019 | -633% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,090 | -€572,108 | -€494,019 | -633% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.