FREEBRA: what changed
Two fiscal 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.
FREEBRA
Largest movements
- Tangible fixed assets -€13,496
down €13,496 (-3.9%), from €342,708 to €329,212
of which Land and buildings: -€11,890
- Profit (loss) carried forward -€12,689
down €12,689 (-14.3%), from -€88,472 to -€101,160
- Gross operating margin -€4,078
down €4,078 (-68.1%), from €5,986 to €1,908
- Depreciation +€318
up €318 (+2.4%), from €13,178 to €13,496
- Taxes -€192
down €192, from €47 to -€145
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 | €432,999 | €420,407 | -€12,592 | -2.9% |
| Fixed assets | 21/28 | €342,708 | €329,212 | -€13,496 | -3.9% |
| Tangible fixed assets | 22/27 | €342,708 | €329,212 | -€13,496 | -3.9% |
| Land and buildings | 22 | €316,818 | €304,928 | -€11,890 | -3.8% |
| Plant, machinery and equipment | 23 | €25,890 | €24,284 | -€1,606 | -6.2% |
| Current assets | 29/58 | €90,291 | €91,195 | +€904 | +1.0% |
| Amounts receivable within one year | 40/41 | - | €147 | +€147 | |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €90,291 | €91,049 | +€757 | +0.8% |
| Total equity and liabilities | 10/49 | €432,999 | €420,407 | -€12,592 | -2.9% |
| Equity | 10/15 | €391,528 | €378,840 | -€12,689 | -3.2% |
| Contributions | 10/11 | €480,000 | €480,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,472 | -€101,160 | -€12,689 | -14.3% |
| Amounts payable | 17/49 | €41,471 | €41,568 | +€97 | +0.2% |
| Amounts payable within one year | 42/48 | €41,471 | €41,568 | +€97 | +0.2% |
| Trade debts | 44 | - | €97 | +€97 | |
| Suppliers | 440/4 | - | €97 | +€97 | |
| Other amounts payable | 47/48 | €41,471 | €41,471 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,178 | €13,496 | +€318 | +2.4% |
| Other operating charges | 640/8 | €1,612 | €1,660 | +€48 | +3.0% |
| Gross operating margin | 9900 | €5,986 | €1,908 | -€4,078 | -68.1% |
| Operating profit (loss) | 9901 | -€8,803 | -€13,247 | -€4,444 | -50.5% |
| Financial income | 75/76B | €483 | €489 | +€5 | +1.1% |
| Recurring financial income | 75 | €483 | €489 | +€5 | +1.1% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,393 | -€12,834 | -€4,440 | -52.9% |
| Income taxes | 67/77 | €47 | -€145 | -€192 | |
| Profit (loss) for the period | 9904 | -€8,440 | -€12,689 | -€4,248 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,440 | -€12,689 | -€4,248 | -50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.