Freedam: 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.
Freedam
Largest movements
- Tangible fixed assets -€31,151
down €31,151 (-94.5%), from €32,950 to €1,799
of which Other tangible fixed assets: -€28,938
- Receivables within one year -€25,922
down €25,922 (-19.0%), from €136,218 to €110,296
of which Trade receivables: -€25,147
- Deferred charges and accrued income +€3,139
up €3,139 (+168%), from €1,866 to €5,005
- Debts after one year -€23,907
no longer reported in 2025 (was €23,907)
- Trade debts -€16,062
down €16,062 (-44.5%), from €36,132 to €20,071
- Tax, wage and social debts -€13,452
down €13,452 (-64.3%), from €20,921 to €7,469
of which Taxes: -€9,697
- Other debts -€9,473
down €9,473 (-59.5%), from €15,925 to €6,452
- Short-term financial debts +€6,659
up €6,659 (+26.4%), from €25,186 to €31,845
- Gross operating margin +€11,337
up €11,337 (+99.3%), from €11,419 to €22,756
- Write-downs +€3,659
new in 2025: €3,659
- Depreciation -€2,588
down €2,588 (-53.9%), from €4,801 to €2,213
- Taxes +€1,545
up €1,545 (+147%), from €1,051 to €2,595
- Financial charges +€359
up €359 (+6.6%), from €5,460 to €5,819
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 | €218,269 | €162,523 | -€55,746 | -25.5% |
| Fixed assets | 21/28 | €33,230 | €2,079 | -€31,151 | -93.7% |
| Tangible fixed assets | 22/27 | €32,950 | €1,799 | -€31,151 | -94.5% |
| Furniture and vehicles | 24 | €4,012 | €1,799 | -€2,213 | -55.2% |
| Other tangible fixed assets | 26 | €28,938 | - | -€28,938 | |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €185,039 | €160,444 | -€24,595 | -13.3% |
| Stocks and contracts in progress | 3 | €42,131 | €42,236 | +€105 | +0.2% |
| Stocks | 30/36 | €42,131 | €42,236 | +€105 | +0.2% |
| Amounts receivable within one year | 40/41 | €136,218 | €110,296 | -€25,922 | -19.0% |
| Trade receivables | 40 | €127,269 | €102,122 | -€25,147 | -19.8% |
| Other amounts receivable | 41 | €8,949 | €8,174 | -€775 | -8.7% |
| Cash at bank and in hand | 54/58 | €4,823 | €2,906 | -€1,917 | -39.7% |
| Deferred charges and accrued income | 490/1 | €1,866 | €5,005 | +€3,139 | +168% |
| Total equity and liabilities | 10/49 | €218,269 | €162,523 | -€55,746 | -25.5% |
| Equity | 10/15 | €92,452 | €96,686 | +€4,234 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €5,859 | +€4,000 | +215% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | €72,001 | €72,235 | +€234 | +0.3% |
| Amounts payable | 17/49 | €125,817 | €65,837 | -€59,980 | -47.7% |
| Amounts payable after more than one year | 17 | €23,907 | - | -€23,907 | |
| Financial debts | 170/4 | €23,907 | - | -€23,907 | |
| Amounts payable within one year | 42/48 | €101,910 | €65,837 | -€36,073 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €3,746 | - | -€3,746 | |
| Financial debts | 43 | €25,186 | €31,845 | +€6,659 | +26.4% |
| Credit institutions | 430/8 | €25,186 | €31,845 | +€6,659 | +26.4% |
| Trade debts | 44 | €36,132 | €20,071 | -€16,062 | -44.5% |
| Suppliers | 440/4 | €36,132 | €20,071 | -€16,062 | -44.5% |
| Taxes, remuneration and social security | 45 | €20,921 | €7,469 | -€13,452 | -64.3% |
| Taxes | 450/3 | €17,166 | €7,469 | -€9,697 | -56.5% |
| Remuneration and social security | 454/9 | €3,755 | - | -€3,755 | |
| Other amounts payable | 47/48 | €15,925 | €6,452 | -€9,473 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,801 | €2,213 | -€2,588 | -53.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,659 | +€3,659 | |
| Other operating charges | 640/8 | €797 | €839 | +€42 | +5.3% |
| Non-recurring operating charges | 66A | - | €3,938 | +€3,938 | |
| Gross operating margin | 9900 | €11,419 | €22,756 | +€11,337 | +99.3% |
| Operating profit (loss) | 9901 | €5,821 | €12,106 | +€6,285 | +108% |
| Financial income | 75/76B | €849 | €542 | -€306 | -36.1% |
| Recurring financial income | 75 | €849 | €542 | -€306 | -36.1% |
| Financial charges | 65/66B | €5,460 | €5,819 | +€359 | +6.6% |
| Recurring financial charges | 65 | €5,460 | €5,819 | +€359 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €1,209 | €6,829 | +€5,620 | +465% |
| Income taxes | 67/77 | €1,051 | €2,595 | +€1,545 | +147% |
| Profit (loss) for the period | 9904 | €159 | €4,234 | +€4,075 | +2,571% |
| Profit (loss) for the period to be appropriated | 9905 | €159 | €4,234 | +€4,075 | +2,571% |
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 25 October 2026 via checked.be.