FREELANCE CAMERA: 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.
FREELANCE CAMERA
Largest movements
- Tangible fixed assets -€85,377
down €85,377 (-41.4%), from €206,383 to €121,006
of which Plant, machinery and equipment: -€46,033
- Cash -€39,292
down €39,292 (-84.4%), from €46,571 to €7,278
mainly Net result for the year (-€77,949) and Stocks and contracts (-€38,135)
- Stocks and contracts +€38,135
new in 2025: €38,135
- Receivables within one year -€21,994
down €21,994 (-18.0%), from €122,160 to €100,166
- Profit (loss) carried forward -€77,949
new in 2025: -€77,949
- Debts after one year -€35,022
down €35,022 (-50.6%), from €69,178 to €34,156
- Short-term financial debts -€29,860
down €29,860 (-100.0%), from €29,860 to €0
- Current portion of long-term debt +€27,845
up €27,845 (+75.7%), from €36,797 to €64,641
- Other debts +€5,230
up €5,230 (+64.2%), from €8,146 to €13,376
- Gross operating margin -€130,091
down €130,091 (-89.5%), from €145,359 to €15,268
- Taxes -€13,123
down €13,123 (-98.0%), from €13,391 to €268
- Depreciation -€7,198
down €7,198 (-7.8%), from €92,450 to €85,252
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 | €375,113 | €266,985 | -€108,128 | -28.8% |
| Fixed assets | 21/28 | €206,383 | €121,006 | -€85,377 | -41.4% |
| Tangible fixed assets | 22/27 | €206,383 | €121,006 | -€85,377 | -41.4% |
| Plant, machinery and equipment | 23 | €119,172 | €73,139 | -€46,033 | -38.6% |
| Furniture and vehicles | 24 | €59,876 | €30,260 | -€29,616 | -49.5% |
| Leasing and similar rights | 25 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Other tangible fixed assets | 26 | €19,335 | €11,607 | -€7,728 | -40.0% |
| Current assets | 29/58 | €168,730 | €145,979 | -€22,751 | -13.5% |
| Stocks and contracts in progress | 3 | - | €38,135 | +€38,135 | |
| Contracts in progress | 37 | - | €38,135 | +€38,135 | |
| Amounts receivable within one year | 40/41 | €122,160 | €100,166 | -€21,994 | -18.0% |
| Trade receivables | 40 | €122,160 | €100,166 | -€21,994 | -18.0% |
| Cash at bank and in hand | 54/58 | €46,571 | €7,278 | -€39,292 | -84.4% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €375,113 | €266,985 | -€108,128 | -28.8% |
| Equity | 10/15 | €215,872 | €137,923 | -€77,949 | -36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,272 | €197,272 | = | 0.0% |
| Distributable reserves | 133 | €197,272 | €197,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€77,949 | -€77,949 | |
| Amounts payable | 17/49 | €159,241 | €129,063 | -€30,178 | -19.0% |
| Amounts payable after more than one year | 17 | €69,178 | €34,156 | -€35,022 | -50.6% |
| Financial debts | 170/4 | €69,178 | €34,156 | -€35,022 | -50.6% |
| Amounts payable within one year | 42/48 | €89,585 | €93,754 | +€4,169 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €36,797 | €64,641 | +€27,845 | +75.7% |
| Financial debts | 43 | €29,860 | €0 | -€29,860 | -100.0% |
| Other loans | 439 | €29,860 | €0 | -€29,860 | -100.0% |
| Trade debts | 44 | €2,383 | €4,117 | +€1,734 | +72.8% |
| Suppliers | 440/4 | €2,383 | €4,117 | +€1,734 | +72.8% |
| Taxes, remuneration and social security | 45 | €12,400 | €11,620 | -€781 | -6.3% |
| Taxes | 450/3 | €12,400 | €11,620 | -€781 | -6.3% |
| Other amounts payable | 47/48 | €8,146 | €13,376 | +€5,230 | +64.2% |
| Accrued charges and deferred income | 492/3 | €478 | €1,153 | +€674 | +141.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,450 | €85,252 | -€7,198 | -7.8% |
| Other operating charges | 640/8 | €722 | €1,673 | +€951 | +131.7% |
| Gross operating margin | 9900 | €145,359 | €15,268 | -€130,091 | -89.5% |
| Operating profit (loss) | 9901 | €52,188 | -€71,656 | -€123,844 | |
| Financial income | 75/76B | €0 | €106 | +€106 | +35166.7% |
| Recurring financial income | 75 | €0 | €106 | +€106 | +35166.7% |
| Financial charges | 65/66B | €7,552 | €6,130 | -€1,422 | -18.8% |
| Recurring financial charges | 65 | €7,552 | €6,130 | -€1,422 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €44,636 | -€77,681 | -€122,317 | |
| Income taxes | 67/77 | €13,391 | €268 | -€13,123 | -98.0% |
| Profit (loss) for the period | 9904 | €31,245 | -€77,949 | -€109,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,245 | -€77,949 | -€109,194 |
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.