Freedelity: 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.
Freedelity
Largest movements
- Cash -€342,074
down €342,074 (-88.5%), from €386,387 to €44,312
mainly Investment in fixed assets (net) (-€736,134) and Other debts (-€300,000)
- Receivables within one year -€112,644
down €112,644 (-17.5%), from €644,322 to €531,678
of which Other amounts receivable: -€65,095
- Tangible fixed assets +€83,095
up €83,095 (+16.2%), from €512,477 to €595,571
of which Leasing and similar rights: +€98,185
- Intangible fixed assets +€64,645
up €64,645 (+5.9%), from €1.1m to €1.2m
- Deferred charges and accrued income +€37,076
up €37,076 (+53.0%), from €69,902 to €106,978
- Other debts -€300,000
no longer reported in 2025 (was €300,000)
- Profit (loss) carried forward +€267,303
up €267,303 (+19.0%), from €1.4m to €1.7m
- Trade debts -€125,136
down €125,136 (-38.4%), from €325,595 to €200,459
- Tax, wage and social debts -€55,453
down €55,453 (-37.9%), from €146,307 to €90,854
of which Remuneration and social security: -€56,174
- Reserves -€42,100
down €42,100 (-25.3%), from €166,620 to €124,520
of which Tax-exempt reserves: -€42,100
- Staff costs +€190,751
up €190,751 (+21.8%), from €874,606 to €1.1m
- Depreciation +€98,942
up €98,942 (+20.2%), from €489,452 to €588,395
- Gross operating margin -€59,550
down €59,550 (-2.8%), from €2.1m to €2.0m
- Taxes -€41,180
down €41,180 (-45.6%), from €90,230 to €49,050
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 | €3,563,706 | €3,288,138 | -€275,567 | -7.7% |
| Fixed assets | 21/28 | €1,617,495 | €1,765,235 | +€147,740 | +9.1% |
| Intangible fixed assets | 21 | €1,104,968 | €1,169,613 | +€64,645 | +5.9% |
| Tangible fixed assets | 22/27 | €512,477 | €595,571 | +€83,095 | +16.2% |
| Plant, machinery and equipment | 23 | €124,076 | €112,475 | -€11,601 | -9.3% |
| Furniture and vehicles | 24 | €36,302 | €34,227 | -€2,075 | -5.7% |
| Leasing and similar rights | 25 | €277,011 | €375,195 | +€98,185 | +35.4% |
| Other tangible fixed assets | 26 | €75,088 | €73,674 | -€1,414 | -1.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,946,210 | €1,522,904 | -€423,307 | -21.8% |
| Amounts receivable after more than one year | 29 | €700,000 | €700,000 | = | 0.0% |
| Other amounts receivable | 291 | €700,000 | €700,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €145,600 | €139,935 | -€5,664 | -3.9% |
| Stocks | 30/36 | €145,600 | €139,935 | -€5,664 | -3.9% |
| Amounts receivable within one year | 40/41 | €644,322 | €531,678 | -€112,644 | -17.5% |
| Trade receivables | 40 | €493,827 | €446,278 | -€47,549 | -9.6% |
| Other amounts receivable | 41 | €150,495 | €85,400 | -€65,095 | -43.3% |
| Cash at bank and in hand | 54/58 | €386,387 | €44,312 | -€342,074 | -88.5% |
| Deferred charges and accrued income | 490/1 | €69,902 | €106,978 | +€37,076 | +53.0% |
| Total equity and liabilities | 10/49 | €3,563,706 | €3,288,138 | -€275,567 | -7.7% |
| Equity | 10/15 | €1,935,357 | €2,160,560 | +€225,203 | +11.6% |
| Contributions | 10/11 | €361,637 | €361,637 | = | 0.0% |
| Capital | 10 | €361,637 | €361,637 | = | 0.0% |
| Issued capital | 100 | €361,637 | €361,637 | = | 0.0% |
| Reserves | 13 | €166,620 | €124,520 | -€42,100 | -25.3% |
| Non-distributable reserves | 130/1 | €61,370 | €61,370 | = | 0.0% |
| Legal reserve | 130 | €61,370 | €61,370 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €63,150 | -€42,100 | -40.0% |
| Profit (loss) carried forward | 14 | €1,407,101 | €1,674,404 | +€267,303 | +19.0% |
| Amounts payable | 17/49 | €1,628,348 | €1,127,578 | -€500,770 | -30.8% |
| Amounts payable after more than one year | 17 | €475,758 | €462,254 | -€13,505 | -2.8% |
| Financial debts | 170/4 | €475,758 | €462,254 | -€13,505 | -2.8% |
| Amounts payable within one year | 42/48 | €934,258 | €488,192 | -€446,067 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €162,357 | €196,879 | +€34,522 | +21.3% |
| Trade debts | 44 | €325,595 | €200,459 | -€125,136 | -38.4% |
| Suppliers | 440/4 | €325,595 | €200,459 | -€125,136 | -38.4% |
| Taxes, remuneration and social security | 45 | €146,307 | €90,854 | -€55,453 | -37.9% |
| Taxes | 450/3 | €0 | €721 | +€721 | |
| Remuneration and social security | 454/9 | €146,307 | €90,133 | -€56,174 | -38.4% |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Accrued charges and deferred income | 492/3 | €218,331 | €177,132 | -€41,199 | -18.9% |
| Non-recurring operating income | 76A | - | €30,702 | +€30,702 | |
| Remuneration, social security and pensions | 62 | €874,606 | €1,065,357 | +€190,751 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,452 | €588,395 | +€98,942 | +20.2% |
| Other operating charges | 640/8 | €33,678 | €25,463 | -€8,215 | -24.4% |
| Non-recurring operating charges | 66A | - | €90,677 | +€90,677 | |
| Gross operating margin | 9900 | €2,101,936 | €2,042,386 | -€59,550 | -2.8% |
| Operating profit (loss) | 9901 | €704,200 | €272,495 | -€431,705 | -61.3% |
| Financial income | 75/76B | €38,842 | €26,081 | -€12,761 | -32.9% |
| Recurring financial income | 75 | €38,842 | €26,081 | -€12,761 | -32.9% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €24,870 | €24,323 | -€547 | -2.2% |
| Recurring financial charges | 65 | €24,870 | €24,323 | -€547 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €718,172 | €274,253 | -€443,919 | -61.8% |
| Income taxes | 67/77 | €90,230 | €49,050 | -€41,180 | -45.6% |
| Profit (loss) for the period | 9904 | €627,942 | €225,203 | -€402,739 | -64.1% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €522,692 | €267,303 | -€255,389 | -48.9% |
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.