FREEDOM BELGIUM: what changed
FREEDOM BELGIUM
Largest movements
- Receivables within one year +€28,621
up €28,621 (+90.6%), from €31,589 to €60,210
of which Trade receivables: +€17,905
- Tangible fixed assets -€16,829
down €16,829 (-100%), from €16,829 to €0
- Cash -€15,820
down €15,820 (-19.8%), from €79,937 to €64,117
mainly Trade debts (-€33,476) and Receivables within one year (-€28,621)
- Current investments -€10,000
down €10,000 (-8.3%), from €120,002 to €110,002
- Reserves +€48,341
up €48,341 (+63.6%), from €75,987 to €124,328
of which Distributable reserves: +€48,341
- Trade debts -€33,476
down €33,476 (-75.3%), from €44,439 to €10,963
- Accrued charges and deferred income -€23,991
down €23,991 (-100%), from €23,991 to €0
- Other debts -€15,000
down €15,000 (-35.9%), from €41,819 to €26,819
- Tax, wage and social debts +€7,274
up €7,274 (+549%), from €1,325 to €8,599
- Gross operating margin +€87,045
up €87,045, from -€22,917 to €64,128
- Taxes +€5,251
up €5,251, from €0 to €5,251
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,962 | €239,109 | -€16,852 | -6.6% |
| Fixed assets | 21/28 | €24,110 | €4,781 | -€19,329 | -80.2% |
| Intangible fixed assets | 21 | €7,281 | €4,781 | -€2,500 | -34.3% |
| Tangible fixed assets | 22/27 | €16,829 | €0 | -€16,829 | -100% |
| Plant, machinery and equipment | 23 | €16,829 | €0 | -€16,829 | -100% |
| Current assets | 29/58 | €231,852 | €234,328 | +€2,477 | +1.1% |
| Amounts receivable within one year | 40/41 | €31,589 | €60,210 | +€28,621 | +90.6% |
| Trade receivables | 40 | €16,411 | €34,316 | +€17,905 | +109% |
| Other amounts receivable | 41 | €15,177 | €25,893 | +€10,716 | +70.6% |
| Current investments | 50/53 | €120,002 | €110,002 | -€10,000 | -8.3% |
| Cash at bank and in hand | 54/58 | €79,937 | €64,117 | -€15,820 | -19.8% |
| Deferred charges and accrued income | 490/1 | €325 | €0 | -€325 | -100% |
| Total equity and liabilities | 10/49 | €255,962 | €239,109 | -€16,852 | -6.6% |
| Equity | 10/15 | €144,387 | €192,728 | +€48,341 | +33.5% |
| Contributions | 10/11 | €68,400 | €68,400 | = | 0.0% |
| Reserves | 13 | €75,987 | €124,328 | +€48,341 | +63.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,987 | €124,328 | +€48,341 | +63.6% |
| Amounts payable | 17/49 | €111,574 | €46,381 | -€65,193 | -58.4% |
| Amounts payable within one year | 42/48 | €87,583 | €46,381 | -€41,202 | -47.0% |
| Trade debts | 44 | €44,439 | €10,963 | -€33,476 | -75.3% |
| Suppliers | 440/4 | €44,439 | €10,963 | -€33,476 | -75.3% |
| Taxes, remuneration and social security | 45 | €1,325 | €8,599 | +€7,274 | +549% |
| Taxes | 450/3 | €1,325 | €8,599 | +€7,274 | +549% |
| Other amounts payable | 47/48 | €41,819 | €26,819 | -€15,000 | -35.9% |
| Accrued charges and deferred income | 492/3 | €23,991 | €0 | -€23,991 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,226 | €12,137 | -€89 | -0.7% |
| Other operating charges | 640/8 | €932 | €400 | -€533 | -57.1% |
| Gross operating margin | 9900 | -€22,917 | €64,128 | +€87,045 | |
| Operating profit (loss) | 9901 | -€36,076 | €51,591 | +€87,667 | |
| Financial income | 75/76B | €2,707 | €2,261 | -€446 | -16.5% |
| Recurring financial income | 75 | €2,707 | €2,261 | -€446 | -16.5% |
| Financial charges | 65/66B | €389 | €261 | -€128 | -32.9% |
| Recurring financial charges | 65 | €389 | €261 | -€128 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,757 | €53,591 | +€87,349 | |
| Income taxes | 67/77 | €0 | €5,251 | +€5,251 | |
| Profit (loss) for the period | 9904 | -€33,757 | €48,341 | +€82,098 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,757 | €48,341 | +€82,098 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.