FREEDOM TEX: 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.
FREEDOM TEX
Largest movements
- Stocks and contracts +€15,483
up €15,483 (+49.8%), from €31,101 to €46,584
- Cash +€10,007
up €10,007 (+373%), from €2,683 to €12,690
mainly Tax, wage and social debts (+€14,197) and Net result for the year (+€9,571)
- Receivables within one year -€9,023
down €9,023 (-12.3%), from €73,535 to €64,512
of which Other amounts receivable: -€19,203
- Deferred charges and accrued income -€1,422
no longer reported in 2025 (was €1,422)
- Tax, wage and social debts +€14,197
new in 2025: €14,197
of which Remuneration and social security: +€11,578
- Other debts -€12,944
down €12,944 (-46.5%), from €27,838 to €14,894
- Profit (loss) carried forward +€9,571
up €9,571 (+627%), from €1,527 to €11,098
- Trade debts +€9,281
up €9,281 (+15.9%), from €58,256 to €67,537
- Current portion of long-term debt -€5,059
no longer reported in 2025 (was €5,059)
- Gross operating margin -€5,169
down €5,169 (-26.7%), from €19,354 to €14,185
- Other operating charges +€3,031
up €3,031 (+241%), from €1,255 to €4,286
- Financial charges -€403
down €403 (-55.1%), from €732 to €329
- Taxes -€319
no longer reported in 2025 (was €319)
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 | €113,141 | €128,186 | +€15,045 | +13.3% |
| Fixed assets | 21/28 | €4,400 | €4,400 | = | 0.0% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €108,741 | €123,786 | +€15,045 | +13.8% |
| Stocks and contracts in progress | 3 | €31,101 | €46,584 | +€15,483 | +49.8% |
| Stocks | 30/36 | €31,101 | €46,584 | +€15,483 | +49.8% |
| Amounts receivable within one year | 40/41 | €73,535 | €64,512 | -€9,023 | -12.3% |
| Trade receivables | 40 | €54,331 | €64,512 | +€10,181 | +18.7% |
| Other amounts receivable | 41 | €19,203 | - | -€19,203 | |
| Cash at bank and in hand | 54/58 | €2,683 | €12,690 | +€10,007 | +373% |
| Deferred charges and accrued income | 490/1 | €1,422 | - | -€1,422 | |
| Total equity and liabilities | 10/49 | €113,141 | €128,186 | +€15,045 | +13.3% |
| Equity | 10/15 | €21,987 | €31,558 | +€9,571 | +43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,527 | €11,098 | +€9,571 | +627% |
| Amounts payable | 17/49 | €91,153 | €96,628 | +€5,474 | +6.0% |
| Amounts payable within one year | 42/48 | €91,153 | €96,628 | +€5,474 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €5,059 | - | -€5,059 | |
| Trade debts | 44 | €58,256 | €67,537 | +€9,281 | +15.9% |
| Suppliers | 440/4 | €58,256 | €67,537 | +€9,281 | +15.9% |
| Taxes, remuneration and social security | 45 | - | €14,197 | +€14,197 | |
| Taxes | 450/3 | - | €2,619 | +€2,619 | |
| Remuneration and social security | 454/9 | - | €11,578 | +€11,578 | |
| Other amounts payable | 47/48 | €27,838 | €14,894 | -€12,944 | -46.5% |
| Other operating charges | 640/8 | €1,255 | €4,286 | +€3,031 | +241% |
| Gross operating margin | 9900 | €19,354 | €14,185 | -€5,169 | -26.7% |
| Operating profit (loss) | 9901 | €18,099 | €9,900 | -€8,200 | -45.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €732 | €329 | -€403 | -55.1% |
| Recurring financial charges | 65 | €732 | €329 | -€403 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €17,370 | €9,571 | -€7,799 | -44.9% |
| Income taxes | 67/77 | €319 | - | -€319 | |
| Profit (loss) for the period | 9904 | €17,050 | €9,571 | -€7,479 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,050 | €9,571 | -€7,479 | -43.9% |
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 17 October 2026 via checked.be.