FreeCo: 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.
FreeCo
Largest movements
- Current investments +€20,000
up €20,000 (+17.6%), from €113,816 to €133,816
- Tangible fixed assets -€11,986
down €11,986 (-38.8%), from €30,865 to €18,878
of which Furniture and vehicles: -€10,560
- Cash +€4,009
up €4,009 (+3.3%), from €120,063 to €124,073
mainly Net result for the year (+€71,675) and Depreciation (+€11,986)
- Receivables within one year -€3,811
down €3,811 (-15.4%), from €24,775 to €20,963
of which Trade receivables: -€3,905
- Reserves +€71,675
up €71,675 (+38.2%), from €187,745 to €259,419
- Other debts -€51,863
down €51,863 (-74.7%), from €69,465 to €17,601
- Tax, wage and social debts -€11,090
down €11,090 (-70.5%), from €15,721 to €4,631
- Gross operating margin -€20,276
down €20,276 (-16.7%), from €121,673 to €101,396
- Financial charges -€11,486
down €11,486 (-89.1%), from €12,890 to €1,405
- Taxes -€5,602
down €5,602 (-22.5%), from €24,905 to €19,303
- Financial income -€2,977
down €2,977 (-49.8%), from €5,984 to €3,007
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 | €291,561 | €300,278 | +€8,717 | +3.0% |
| Fixed assets | 21/28 | €30,865 | €18,878 | -€11,986 | -38.8% |
| Tangible fixed assets | 22/27 | €30,865 | €18,878 | -€11,986 | -38.8% |
| Plant, machinery and equipment | 23 | €617 | €287 | -€330 | -53.4% |
| Furniture and vehicles | 24 | €20,751 | €10,191 | -€10,560 | -50.9% |
| Other tangible fixed assets | 26 | €9,496 | €8,400 | -€1,096 | -11.5% |
| Current assets | 29/58 | €260,697 | €281,400 | +€20,703 | +7.9% |
| Amounts receivable after more than one year | 29 | €75 | €0 | -€75 | -100% |
| Other amounts receivable | 291 | €75 | €0 | -€75 | -100% |
| Amounts receivable within one year | 40/41 | €24,775 | €20,963 | -€3,811 | -15.4% |
| Trade receivables | 40 | €22,818 | €18,913 | -€3,905 | -17.1% |
| Other amounts receivable | 41 | €1,957 | €2,051 | +€94 | +4.8% |
| Current investments | 50/53 | €113,816 | €133,816 | +€20,000 | +17.6% |
| Cash at bank and in hand | 54/58 | €120,063 | €124,073 | +€4,009 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,967 | €2,548 | +€581 | +29.5% |
| Total equity and liabilities | 10/49 | €291,561 | €300,278 | +€8,717 | +3.0% |
| Equity | 10/15 | €206,345 | €278,019 | +€71,675 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,745 | €259,419 | +€71,675 | +38.2% |
| Distributable reserves | 133 | €187,745 | €259,419 | +€71,675 | +38.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,217 | €22,259 | -€62,958 | -73.9% |
| Amounts payable within one year | 42/48 | €85,217 | €22,259 | -€62,958 | -73.9% |
| Trade debts | 44 | €31 | €27 | -€4 | -14.3% |
| Suppliers | 440/4 | €31 | €27 | -€4 | -14.3% |
| Taxes, remuneration and social security | 45 | €15,721 | €4,631 | -€11,090 | -70.5% |
| Taxes | 450/3 | €15,721 | €4,631 | -€11,090 | -70.5% |
| Other amounts payable | 47/48 | €69,465 | €17,601 | -€51,863 | -74.7% |
| Non-recurring operating income | 76A | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,424 | €11,986 | -€437 | -3.5% |
| Other operating charges | 640/8 | €106 | €0 | -€106 | -100% |
| Non-recurring operating charges | 66A | - | €34 | +€34 | |
| Gross operating margin | 9900 | €121,673 | €101,396 | -€20,276 | -16.7% |
| Operating profit (loss) | 9901 | €109,143 | €89,376 | -€19,767 | -18.1% |
| Financial income | 75/76B | €5,984 | €3,007 | -€2,977 | -49.8% |
| Recurring financial income | 75 | €5,984 | €3,007 | -€2,977 | -49.8% |
| Financial charges | 65/66B | €12,890 | €1,405 | -€11,486 | -89.1% |
| Recurring financial charges | 65 | €12,890 | €1,405 | -€11,486 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €102,237 | €90,978 | -€11,259 | -11.0% |
| Income taxes | 67/77 | €24,905 | €19,303 | -€5,602 | -22.5% |
| Profit (loss) for the period | 9904 | €77,332 | €71,675 | -€5,657 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,332 | €71,675 | -€5,657 | -7.3% |
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 15 October 2026 via checked.be.