FREEBO: 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.
FREEBO
Largest movements
- Cash +€32,224
up €32,224 (+31.0%), from €104,066 to €136,290
mainly Net result for the year (+€22,797) and Depreciation (+€11,790)
- Receivables within one year +€4,065
up €4,065 (+37.5%), from €10,839 to €14,905
- Tangible fixed assets -€3,597
down €3,597 (-10.5%), from €34,414 to €30,817
of which Furniture and vehicles: -€3,113
- Reserves +€22,797
up €22,797 (+21.5%), from €105,902 to €128,699
- Tax, wage and social debts +€5,992
up €5,992 (+19.7%), from €30,461 to €36,453
of which Taxes: +€5,978
- Debts after one year +€2,120
up €2,120 (+27.7%), from €7,649 to €9,770
- Gross operating margin -€24,767
down €24,767 (-32.4%), from €76,458 to €51,691
- Taxes -€10,339
down €10,339 (-47.1%), from €21,953 to €11,614
- Depreciation +€2,813
up €2,813 (+31.3%), from €8,978 to €11,790
- Financial income -€1,108
down €1,108 (-24.0%), from €4,612 to €3,504
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 | €151,987 | €183,605 | +€31,618 | +20.8% |
| Fixed assets | 21/28 | €34,414 | €30,952 | -€3,462 | -10.1% |
| Tangible fixed assets | 22/27 | €34,414 | €30,817 | -€3,597 | -10.5% |
| Land and buildings | 22 | €2,907 | €2,423 | -€484 | -16.7% |
| Furniture and vehicles | 24 | €31,507 | €28,394 | -€3,113 | -9.9% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €117,573 | €152,653 | +€35,080 | +29.8% |
| Amounts receivable within one year | 40/41 | €10,839 | €14,905 | +€4,065 | +37.5% |
| Trade receivables | 40 | €10,839 | €14,905 | +€4,065 | +37.5% |
| Cash at bank and in hand | 54/58 | €104,066 | €136,290 | +€32,224 | +31.0% |
| Deferred charges and accrued income | 490/1 | €2,668 | €1,458 | -€1,209 | -45.3% |
| Total equity and liabilities | 10/49 | €151,987 | €183,605 | +€31,618 | +20.8% |
| Equity | 10/15 | €112,102 | €134,899 | +€22,797 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,902 | €128,699 | +€22,797 | +21.5% |
| Distributable reserves | 133 | €105,902 | €128,699 | +€22,797 | +21.5% |
| Amounts payable | 17/49 | €39,885 | €48,706 | +€8,821 | +22.1% |
| Amounts payable after more than one year | 17 | €7,649 | €9,770 | +€2,120 | +27.7% |
| Other amounts payable | 178/9 | €7,649 | €9,770 | +€2,120 | +27.7% |
| Amounts payable within one year | 42/48 | €32,235 | €38,489 | +€6,253 | +19.4% |
| Financial debts | 43 | €485 | €0 | -€485 | -100% |
| Other loans | 439 | €485 | €0 | -€485 | -100% |
| Trade debts | 44 | €1,289 | €2,035 | +€746 | +57.9% |
| Suppliers | 440/4 | €1,289 | €2,035 | +€746 | +57.9% |
| Taxes, remuneration and social security | 45 | €30,461 | €36,453 | +€5,992 | +19.7% |
| Taxes | 450/3 | €28,820 | €34,798 | +€5,978 | +20.7% |
| Remuneration and social security | 454/9 | €1,641 | €1,655 | +€14 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €448 | +€448 | |
| Non-recurring operating income | 76A | €14,000 | €0 | -€14,000 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,978 | €11,790 | +€2,813 | +31.3% |
| Other operating charges | 640/8 | €9,408 | €8,701 | -€707 | -7.5% |
| Gross operating margin | 9900 | €76,458 | €51,691 | -€24,767 | -32.4% |
| Operating profit (loss) | 9901 | €58,073 | €31,200 | -€26,873 | -46.3% |
| Financial income | 75/76B | €4,612 | €3,504 | -€1,108 | -24.0% |
| Recurring financial income | 75 | €4,612 | €3,504 | -€1,108 | -24.0% |
| Financial charges | 65/66B | €280 | €293 | +€13 | +4.8% |
| Recurring financial charges | 65 | €280 | €293 | +€13 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €62,405 | €34,411 | -€27,994 | -44.9% |
| Income taxes | 67/77 | €21,953 | €11,614 | -€10,339 | -47.1% |
| Profit (loss) for the period | 9904 | €40,452 | €22,797 | -€17,655 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,452 | €22,797 | -€17,655 | -43.6% |
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 23 October 2026 via checked.be.