FREEBIRD STUDIO: 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.
FREEBIRD STUDIO
Largest movements
- Cash -€6,045
down €6,045 (-11.6%), from €51,945 to €45,900
mainly Trade debts (-€8,596) and Other debts (-€5,329)
- Tangible fixed assets -€2,631
down €2,631 (-24.7%), from €10,666 to €8,035
of which Plant, machinery and equipment: -€2,089
- Receivables within one year +€1,577
up €1,577 (+28.3%), from €5,581 to €7,158
of which Other amounts receivable: +€3,239
- Deferred charges and accrued income -€808
down €808 (-68.9%), from €1,173 to €364
- Trade debts -€8,596
down €8,596 (-76.8%), from €11,198 to €2,602
- Profit (loss) carried forward +€8,300
up €8,300 (+71.8%), from €11,556 to €19,856
- Other debts -€5,329
down €5,329 (-41.8%), from €12,750 to €7,422
- Debts after one year -€2,352
down €2,352 (-54.7%), from €4,301 to €1,950
- Current portion of long-term debt -€1,779
down €1,779 (-44.3%), from €4,014 to €2,235
- Gross operating margin -€19,923
down €19,923 (-36.1%), from €55,145 to €35,222
- Financial charges -€3,513
down €3,513 (-61.3%), from €5,734 to €2,221
- Staff costs +€2,765
up €2,765 (+16.9%), from €16,384 to €19,149
- Taxes +€2,411
new in 2025: €2,411
- Other operating charges -€1,219
down €1,219 (-63.2%), from €1,928 to €709
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 | €71,614 | €63,630 | -€7,984 | -11.1% |
| Fixed assets | 21/28 | €11,056 | €8,425 | -€2,631 | -23.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,666 | €8,035 | -€2,631 | -24.7% |
| Plant, machinery and equipment | 23 | €7,748 | €5,659 | -€2,089 | -27.0% |
| Furniture and vehicles | 24 | €1,686 | €1,275 | -€410 | -24.3% |
| Other tangible fixed assets | 26 | €1,233 | €1,100 | -€133 | -10.8% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €60,558 | €55,206 | -€5,352 | -8.8% |
| Stocks and contracts in progress | 3 | €1,860 | €1,783 | -€77 | -4.1% |
| Stocks | 30/36 | €1,860 | €1,783 | -€77 | -4.1% |
| Amounts receivable within one year | 40/41 | €5,581 | €7,158 | +€1,577 | +28.3% |
| Trade receivables | 40 | €5,581 | €3,919 | -€1,661 | -29.8% |
| Other amounts receivable | 41 | - | €3,239 | +€3,239 | |
| Cash at bank and in hand | 54/58 | €51,945 | €45,900 | -€6,045 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,173 | €364 | -€808 | -68.9% |
| Total equity and liabilities | 10/49 | €71,614 | €63,630 | -€7,984 | -11.1% |
| Equity | 10/15 | €30,156 | €38,456 | +€8,300 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,556 | €19,856 | +€8,300 | +71.8% |
| Amounts payable | 17/49 | €41,458 | €25,174 | -€16,284 | -39.3% |
| Amounts payable after more than one year | 17 | €4,301 | €1,950 | -€2,352 | -54.7% |
| Financial debts | 170/4 | €4,301 | €1,950 | -€2,352 | -54.7% |
| Amounts payable within one year | 42/48 | €37,157 | €23,225 | -€13,932 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €4,014 | €2,235 | -€1,779 | -44.3% |
| Trade debts | 44 | €11,198 | €2,602 | -€8,596 | -76.8% |
| Suppliers | 440/4 | €11,198 | €2,602 | -€8,596 | -76.8% |
| Taxes, remuneration and social security | 45 | €9,194 | €10,967 | +€1,772 | +19.3% |
| Taxes | 450/3 | €5,319 | €8,708 | +€3,390 | +63.7% |
| Remuneration and social security | 454/9 | €3,876 | €2,258 | -€1,618 | -41.7% |
| Other amounts payable | 47/48 | €12,750 | €7,422 | -€5,329 | -41.8% |
| Remuneration, social security and pensions | 62 | €16,384 | €19,149 | +€2,765 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,523 | €2,631 | +€1,108 | +72.8% |
| Other operating charges | 640/8 | €1,928 | €709 | -€1,219 | -63.2% |
| Gross operating margin | 9900 | €55,145 | €35,222 | -€19,923 | -36.1% |
| Operating profit (loss) | 9901 | €35,310 | €12,732 | -€22,578 | -63.9% |
| Financial income | 75/76B | €68 | €201 | +€133 | +195% |
| Recurring financial income | 75 | €68 | €201 | +€133 | +195% |
| Financial charges | 65/66B | €5,734 | €2,221 | -€3,513 | -61.3% |
| Recurring financial charges | 65 | €5,734 | €2,221 | -€3,513 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €29,643 | €10,711 | -€18,932 | -63.9% |
| Income taxes | 67/77 | - | €2,411 | +€2,411 | |
| Profit (loss) for the period | 9904 | €29,643 | €8,300 | -€21,343 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,643 | €8,300 | -€21,343 | -72.0% |
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 17 October 2026 via checked.be.