FREEDHOME: 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.
FREEDHOME
Largest movements
- Receivables within one year +€167,774
up €167,774 (+32.8%), from €510,890 to €678,663
of which Trade receivables: +€167,560
- Stocks and contracts +€67,988
up €67,988 (+54.7%), from €124,265 to €192,253
- Tangible fixed assets -€55,806
down €55,806 (-32.7%), from €170,709 to €114,903
of which Furniture and vehicles: -€37,573
- Cash +€27,181
up €27,181 (+36.6%), from €74,332 to €101,514
mainly Other debts (+€124,712) and Depreciation (+€86,650)
- Other debts +€124,712
up €124,712 (+43,234%), from €288 to €125,000
- Short-term financial debts +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Reserves +€44,431
up €44,431 (+9.7%), from €459,952 to €504,382
of which Distributable reserves: +€46,291
- Trade debts +€30,356
up €30,356 (+53.2%), from €57,031 to €87,387
- Debts after one year -€18,808
down €18,808 (-46.6%), from €40,357 to €21,549
- Staff costs +€112,666
up €112,666 (+27.8%), from €405,225 to €517,891
- Gross operating margin +€106,926
up €106,926 (+18.0%), from €592,482 to €699,408
- Depreciation +€14,371
up €14,371 (+19.9%), from €72,278 to €86,650
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 | €952,984 | €1,153,264 | +€200,281 | +21.0% |
| Fixed assets | 21/28 | €232,958 | €171,456 | -€61,502 | -26.4% |
| Intangible fixed assets | 21 | €61,886 | €56,189 | -€5,696 | -9.2% |
| Tangible fixed assets | 22/27 | €170,709 | €114,903 | -€55,806 | -32.7% |
| Plant, machinery and equipment | 23 | €54,810 | €36,577 | -€18,233 | -33.3% |
| Furniture and vehicles | 24 | €115,899 | €78,327 | -€37,573 | -32.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €720,026 | €981,809 | +€261,783 | +36.4% |
| Stocks and contracts in progress | 3 | €124,265 | €192,253 | +€67,988 | +54.7% |
| Stocks | 30/36 | €124,265 | €192,253 | +€67,988 | +54.7% |
| Amounts receivable within one year | 40/41 | €510,890 | €678,663 | +€167,774 | +32.8% |
| Trade receivables | 40 | €510,890 | €678,449 | +€167,560 | +32.8% |
| Other amounts receivable | 41 | - | €214 | +€214 | |
| Cash at bank and in hand | 54/58 | €74,332 | €101,514 | +€27,181 | +36.6% |
| Deferred charges and accrued income | 490/1 | €10,539 | €9,379 | -€1,160 | -11.0% |
| Total equity and liabilities | 10/49 | €952,984 | €1,153,264 | +€200,281 | +21.0% |
| Equity | 10/15 | €478,552 | €522,982 | +€44,431 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €459,952 | €504,382 | +€44,431 | +9.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €458,092 | €504,382 | +€46,291 | +10.1% |
| Amounts payable | 17/49 | €474,432 | €630,282 | +€155,850 | +32.8% |
| Amounts payable after more than one year | 17 | €40,357 | €21,549 | -€18,808 | -46.6% |
| Financial debts | 170/4 | €40,357 | €21,549 | -€18,808 | -46.6% |
| Amounts payable within one year | 42/48 | €434,075 | €608,733 | +€174,658 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €34,748 | €18,808 | -€15,940 | -45.9% |
| Financial debts | 43 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Credit institutions | 430/8 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Trade debts | 44 | €57,031 | €87,387 | +€30,356 | +53.2% |
| Suppliers | 440/4 | €57,031 | €87,387 | +€30,356 | +53.2% |
| Taxes, remuneration and social security | 45 | €92,008 | €77,538 | -€14,470 | -15.7% |
| Taxes | 450/3 | €46,231 | €20,517 | -€25,715 | -55.6% |
| Remuneration and social security | 454/9 | €45,777 | €57,021 | +€11,245 | +24.6% |
| Other amounts payable | 47/48 | €288 | €125,000 | +€124,712 | +43,234% |
| Remuneration, social security and pensions | 62 | €405,225 | €517,891 | +€112,666 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,278 | €86,650 | +€14,371 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | €1,349 | €7,636 | +€6,287 | +466% |
| Gross operating margin | 9900 | €592,482 | €699,408 | +€106,926 | +18.0% |
| Operating profit (loss) | 9901 | €113,629 | €84,231 | -€29,398 | -25.9% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €21,858 | €21,793 | -€65 | -0.3% |
| Recurring financial charges | 65 | €21,858 | €21,793 | -€65 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €91,771 | €62,465 | -€29,306 | -31.9% |
| Income taxes | 67/77 | €20,552 | €18,034 | -€2,518 | -12.3% |
| Profit (loss) for the period | 9904 | €71,219 | €44,431 | -€26,788 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,219 | €44,431 | -€26,788 | -37.6% |
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 18 October 2026 via checked.be.