FREEDOM 35: what changed
Two fiscal 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.
FREEDOM 35
Largest movements
- Cash -€33,867
down €33,867 (-63.8%), from €53,070 to €19,203
mainly Contributions, distributions and other (-€33,665) and Other debts (-€19,688)
- Tangible fixed assets +€10,314
up €10,314 (+130.2%), from €7,922 to €18,236
of which Furniture and vehicles: +€9,598
- Receivables within one year +€4,610
up €4,610 (+10.6%), from €43,609 to €48,219
of which Trade receivables: +€8,460
- Other debts -€19,688
down €19,688 (-22.5%), from €87,473 to €67,785
- Trade debts +€6,750
up €6,750 (+279.8%), from €2,413 to €9,163
- Tax, wage and social debts -€6,179
down €6,179 (-38.1%), from €16,236 to €10,057
of which Taxes: -€4,404
- Taxes -€2,079
down €2,079 (-14.5%), from €14,368 to €12,289
- Gross operating margin -€1,021
down €1,021 (-1.3%), from €76,395 to €75,374
- Depreciation +€998
up €998 (+38.5%), from €2,588 to €3,586
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.
Cash bridge derived
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 | €107,122 | €88,005 | -€19,117 | -17.8% |
| Fixed assets | 21/28 | €7,922 | €18,236 | +€10,314 | +130.2% |
| Tangible fixed assets | 22/27 | €7,922 | €18,236 | +€10,314 | +130.2% |
| Plant, machinery and equipment | 23 | €1,399 | €2,342 | +€942 | +67.3% |
| Furniture and vehicles | 24 | €1,972 | €11,570 | +€9,598 | +486.8% |
| Other tangible fixed assets | 26 | €4,551 | €4,325 | -€226 | -5.0% |
| Current assets | 29/58 | €99,200 | €69,769 | -€29,431 | -29.7% |
| Amounts receivable within one year | 40/41 | €43,609 | €48,219 | +€4,610 | +10.6% |
| Trade receivables | 40 | €32,417 | €40,877 | +€8,460 | +26.1% |
| Other amounts receivable | 41 | €11,192 | €7,342 | -€3,850 | -34.4% |
| Cash at bank and in hand | 54/58 | €53,070 | €19,203 | -€33,867 | -63.8% |
| Deferred charges and accrued income | 490/1 | €2,520 | €2,346 | -€174 | -6.9% |
| Total equity and liabilities | 10/49 | €107,122 | €88,005 | -€19,117 | -17.8% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,122 | €87,005 | -€19,117 | -18.0% |
| Amounts payable within one year | 42/48 | €106,122 | €87,005 | -€19,117 | -18.0% |
| Trade debts | 44 | €2,413 | €9,163 | +€6,750 | +279.8% |
| Suppliers | 440/4 | €2,413 | €9,163 | +€6,750 | +279.8% |
| Taxes, remuneration and social security | 45 | €16,236 | €10,057 | -€6,179 | -38.1% |
| Taxes | 450/3 | €14,461 | €10,057 | -€4,404 | -30.5% |
| Remuneration and social security | 454/9 | €1,775 | €0 | -€1,775 | -100.0% |
| Other amounts payable | 47/48 | €87,473 | €67,785 | -€19,688 | -22.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €3,586 | +€998 | +38.5% |
| Other operating charges | 640/8 | €407 | €400 | -€8 | -1.9% |
| Non-recurring operating charges | 66A | - | €23,653 | +€23,653 | |
| Gross operating margin | 9900 | €76,395 | €75,374 | -€1,021 | -1.3% |
| Operating profit (loss) | 9901 | €73,399 | €47,735 | -€25,664 | -35.0% |
| Financial income | 75/76B | €187 | €6 | -€181 | -96.7% |
| Recurring financial income | 75 | €187 | €6 | -€181 | -96.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,960 | €1,786 | -€174 | -8.9% |
| Recurring financial charges | 65 | €1,960 | €1,786 | -€174 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €71,626 | €45,955 | -€25,672 | -35.8% |
| Income taxes | 67/77 | €14,368 | €12,289 | -€2,079 | -14.5% |
| Profit (loss) for the period | 9904 | €57,258 | €33,665 | -€23,593 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,258 | €33,665 | -€23,593 | -41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.