FREECAT: 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
FREECAT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,985
2024 · €22,929+€2,055
Equity
€55,486
2024 · €30,501+€24,985
Cash
€24,637
2024 · €23,864+€773
Balance sheet total
€511,746
2024 · €545,445-€33,699
Largest movements
Assets
- Tangible fixed assets -€39,686
down €39,686 (-7.9%), from €505,193 to €465,507
of which Land and buildings: -€28,720
Equity and liabilities
- Other debts -€61,317
down €61,317 (-77.3%), from €79,363 to €18,046
- Profit (loss) carried forward +€24,985
up €24,985, from -€18,337 to €6,648
Income statement
- Gross operating margin +€15,195
up €15,195 (+21.8%), from €69,661 to €84,856
- Write-downs +€7,796
new in 2025: €7,796
- Taxes +€3,476
up €3,476 (+2,091%), from €166 to €3,642
- Depreciation +€1,901
up €1,901 (+4.5%), from €42,684 to €44,585
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
€22,929
Gross operating margin
+€15,195
Depreciation
-€1,901
Write-downs
-€7,796
Other operating charges
-€147
Financial income
+€0
Financial charges
+€180
Taxes
-€3,476
Result 2025
€24,985
raises the resultlowers the result
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
+€9,672
Investment
-€4,899
Financing
-€4,000
Cash 2024
€23,864
From operations (derived)
+€9,672
Net result for the year
+€24,985
Depreciation
+€44,585
Receivables within one year
-€5,191
Deferred charges and accrued income
-€23
Trade debts
+€1,940
Tax, wage and social debts
+€4,694
Other debts
-€61,317
Investment (derived)
-€4,899
Investment in fixed assets (net)
-€4,899
Financing
-€4,000
Debts after one year
-€4,000
Cash 2025
€24,637
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,445 | €511,746 | -€33,699 | -6.2% |
| Fixed assets | 21/28 | €505,193 | €465,507 | -€39,686 | -7.9% |
| Tangible fixed assets | 22/27 | €505,193 | €465,507 | -€39,686 | -7.9% |
| Land and buildings | 22 | €483,531 | €454,810 | -€28,720 | -5.9% |
| Plant, machinery and equipment | 23 | €8,500 | €6,556 | -€1,944 | -22.9% |
| Furniture and vehicles | 24 | €11,556 | €2,750 | -€8,806 | -76.2% |
| Other tangible fixed assets | 26 | €1,607 | €1,390 | -€217 | -13.5% |
| Current assets | 29/58 | €40,252 | €46,239 | +€5,987 | +14.9% |
| Amounts receivable within one year | 40/41 | €15,761 | €20,951 | +€5,191 | +32.9% |
| Trade receivables | 40 | €15,650 | €20,915 | +€5,265 | +33.6% |
| Other amounts receivable | 41 | €111 | €36 | -€75 | -67.5% |
| Cash at bank and in hand | 54/58 | €23,864 | €24,637 | +€773 | +3.2% |
| Deferred charges and accrued income | 490/1 | €628 | €651 | +€23 | +3.7% |
| Total equity and liabilities | 10/49 | €545,445 | €511,746 | -€33,699 | -6.2% |
| Equity | 10/15 | €30,501 | €55,486 | +€24,985 | +81.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €28,388 | €28,388 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,300 | €12,300 | = | 0.0% |
| Distributable reserves | 133 | €16,088 | €16,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,337 | €6,648 | +€24,985 | |
| Amounts payable | 17/49 | €514,944 | €456,260 | -€58,684 | -11.4% |
| Amounts payable after more than one year | 17 | €434,000 | €430,000 | -€4,000 | -0.9% |
| Financial debts | 170/4 | €434,000 | €430,000 | -€4,000 | -0.9% |
| Amounts payable within one year | 42/48 | €80,944 | €26,260 | -€54,684 | -67.6% |
| Trade debts | 44 | €330 | €2,270 | +€1,940 | +587% |
| Suppliers | 440/4 | €330 | €2,270 | +€1,940 | +587% |
| Taxes, remuneration and social security | 45 | €1,250 | €5,944 | +€4,694 | +375% |
| Taxes | 450/3 | €1,250 | €5,944 | +€4,694 | +375% |
| Other amounts payable | 47/48 | €79,363 | €18,046 | -€61,317 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,684 | €44,585 | +€1,901 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,796 | +€7,796 | |
| Other operating charges | 640/8 | €2,195 | €2,342 | +€147 | +6.7% |
| Gross operating margin | 9900 | €69,661 | €84,856 | +€15,195 | +21.8% |
| Operating profit (loss) | 9901 | €24,782 | €30,133 | +€5,351 | +21.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,687 | €1,506 | -€180 | -10.7% |
| Recurring financial charges | 65 | €1,687 | €1,506 | -€180 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €23,096 | €28,627 | +€5,531 | +23.9% |
| Income taxes | 67/77 | €166 | €3,642 | +€3,476 | +2,091% |
| Profit (loss) for the period | 9904 | €22,929 | €24,985 | +€2,055 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,929 | €24,985 | +€2,055 | +9.0% |
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 14 October 2026 via checked.be.