FREEDOM Y.D.: what changed
FREEDOM Y.D.
Largest movements
- Tangible fixed assets +€43,253
up €43,253 (+57.1%), from €75,785 to €119,038
of which Furniture and vehicles: +€47,979
- Receivables within one year +€9,430
up €9,430 (+69.2%), from €13,632 to €23,062
of which Trade receivables: +€10,389
- Deferred charges and accrued income +€4,602
up €4,602 (+86.2%), from €5,341 to €9,943
- Cash -€4,216
down €4,216 (-2.5%), from €171,173 to €166,957
mainly Investment in fixed assets (net) (-€72,430) and Receivables within one year (-€9,430)
- Reserves +€33,000
up €33,000 (+24.9%), from €132,620 to €165,620
of which Distributable reserves: +€33,000
- Debts after one year +€18,550
up €18,550 (+36.8%), from €50,450 to €69,000
- Trade debts -€7,026
down €7,026 (-69.0%), from €10,182 to €3,156
- Current portion of long-term debt +€5,962
new in 2025: €5,962
- Other debts +€3,605
up €3,605 (+16,057%), from €22 to €3,627
- Depreciation +€19,216
up €19,216 (+193%), from €9,961 to €29,177
- Gross operating margin -€16,540
down €16,540 (-16.7%), from €99,204 to €82,664
- Taxes -€9,694
down €9,694 (-39.4%), from €24,619 to €14,925
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 | €265,931 | €319,001 | +€53,070 | +20.0% |
| Fixed assets | 21/28 | €75,785 | €119,038 | +€43,253 | +57.1% |
| Tangible fixed assets | 22/27 | €75,785 | €119,038 | +€43,253 | +57.1% |
| Plant, machinery and equipment | 23 | €40,868 | €36,143 | -€4,726 | -11.6% |
| Furniture and vehicles | 24 | €34,917 | €82,896 | +€47,979 | +137% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €190,145 | €199,962 | +€9,817 | +5.2% |
| Amounts receivable within one year | 40/41 | €13,632 | €23,062 | +€9,430 | +69.2% |
| Trade receivables | 40 | €98 | €10,487 | +€10,389 | +10,585% |
| Other amounts receivable | 41 | €13,534 | €12,575 | -€959 | -7.1% |
| Cash at bank and in hand | 54/58 | €171,173 | €166,957 | -€4,216 | -2.5% |
| Deferred charges and accrued income | 490/1 | €5,341 | €9,943 | +€4,602 | +86.2% |
| Total equity and liabilities | 10/49 | €265,931 | €319,001 | +€53,070 | +20.0% |
| Equity | 10/15 | €194,721 | €227,742 | +€33,021 | +17.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €132,620 | €165,620 | +€33,000 | +24.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €126,420 | €159,420 | +€33,000 | +26.1% |
| Profit (loss) carried forward | 14 | €101 | €122 | +€21 | +20.8% |
| Amounts payable | 17/49 | €71,209 | €91,258 | +€20,049 | +28.2% |
| Amounts payable after more than one year | 17 | €50,450 | €69,000 | +€18,550 | +36.8% |
| Financial debts | 170/4 | €50,450 | €69,000 | +€18,550 | +36.8% |
| Amounts payable within one year | 42/48 | €20,759 | €22,258 | +€1,499 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,962 | +€5,962 | |
| Trade debts | 44 | €10,182 | €3,156 | -€7,026 | -69.0% |
| Suppliers | 440/4 | €10,182 | €3,156 | -€7,026 | -69.0% |
| Taxes, remuneration and social security | 45 | €10,555 | €9,513 | -€1,042 | -9.9% |
| Taxes | 450/3 | €10,555 | €9,513 | -€1,042 | -9.9% |
| Other amounts payable | 47/48 | €22 | €3,627 | +€3,605 | +16,057% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,961 | €29,177 | +€19,216 | +193% |
| Other operating charges | 640/8 | €1,950 | €2,591 | +€642 | +32.9% |
| Gross operating margin | 9900 | €99,204 | €82,664 | -€16,540 | -16.7% |
| Operating profit (loss) | 9901 | €87,293 | €50,896 | -€36,397 | -41.7% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €2,494 | €2,949 | +€455 | +18.2% |
| Recurring financial charges | 65 | €2,494 | €2,949 | +€455 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €84,968 | €47,946 | -€37,021 | -43.6% |
| Income taxes | 67/77 | €24,619 | €14,925 | -€9,694 | -39.4% |
| Profit (loss) for the period | 9904 | €60,348 | €33,021 | -€27,327 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,348 | €33,021 | -€27,327 | -45.3% |
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 5 November 2026 via checked.be.