FREEMARK PROJECTS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
FREEMARK PROJECTS
Largest movements
- Cash +€223,270
up €223,270 (+1,588%), from €14,057 to €237,327
mainly Other debts (+€375,283) and Trade debts (+€116,266)
- Receivables within one year +€191,094
up €191,094 (+197%), from €96,808 to €287,902
of which Trade receivables: +€128,755
- Stocks and contracts -€97,056
down €97,056 (-3.2%), from €3.0m to €2.9m
- Other debts +€375,283
up €375,283 (+207%), from €181,133 to €556,416
- Debts after one year -€140,000
down €140,000 (-32.9%), from €425,000 to €285,000
- Trade debts +€116,266
up €116,266 (+1,123%), from €10,353 to €126,619
- Gross operating margin -€64,801
down €64,801 (-35.9%), from €180,651 to €115,851
- Financial charges -€35,413
down €35,413 (-37.5%), from €94,370 to €58,957
- Staff costs -€17,410
down €17,410 (-30.9%), from €56,390 to €38,981
- Other operating charges +€9,221
up €9,221 (+173%), from €5,315 to €14,536
- Taxes -€5,691
down €5,691 (-80.8%), from €7,042 to €1,351
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 | €3,142,994 | €3,480,563 | +€337,570 | +10.7% |
| Fixed assets | 21/28 | €5,802 | €30,849 | +€25,047 | +432% |
| Tangible fixed assets | 22/27 | €242 | €29 | -€213 | -88.0% |
| Furniture and vehicles | 24 | €242 | €29 | -€213 | -88.0% |
| Financial fixed assets | 28 | €5,560 | €30,820 | +€25,260 | +454% |
| Current assets | 29/58 | €3,137,192 | €3,449,714 | +€312,522 | +10.0% |
| Stocks and contracts in progress | 3 | €3,019,559 | €2,922,503 | -€97,056 | -3.2% |
| Stocks | 30/36 | €3,019,559 | €2,922,503 | -€97,056 | -3.2% |
| Amounts receivable within one year | 40/41 | €96,808 | €287,902 | +€191,094 | +197% |
| Trade receivables | 40 | €85,217 | €213,972 | +€128,755 | +151% |
| Other amounts receivable | 41 | €11,591 | €73,930 | +€62,339 | +538% |
| Cash at bank and in hand | 54/58 | €14,057 | €237,327 | +€223,270 | +1,588% |
| Deferred charges and accrued income | 490/1 | €6,768 | €1,981 | -€4,786 | -70.7% |
| Total equity and liabilities | 10/49 | €3,142,994 | €3,480,563 | +€337,570 | +10.7% |
| Equity | 10/15 | €226,778 | €229,045 | +€2,267 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,860 | €186,860 | = | 0.0% |
| Distributable reserves | 133 | €186,860 | €186,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,318 | €23,585 | +€2,267 | +10.6% |
| Amounts payable | 17/49 | €2,916,215 | €3,251,518 | +€335,303 | +11.5% |
| Amounts payable after more than one year | 17 | €425,000 | €285,000 | -€140,000 | -32.9% |
| Financial debts | 170/4 | €425,000 | €285,000 | -€140,000 | -32.9% |
| Amounts payable within one year | 42/48 | €2,397,806 | €2,877,200 | +€479,394 | +20.0% |
| Financial debts | 43 | €2,178,000 | €2,173,500 | -€4,500 | -0.2% |
| Credit institutions | 430/8 | €2,143,000 | €2,168,000 | +€25,000 | +1.2% |
| Other loans | 439 | €35,000 | €5,500 | -€29,500 | -84.3% |
| Trade debts | 44 | €10,353 | €126,619 | +€116,266 | +1,123% |
| Suppliers | 440/4 | €10,353 | €126,619 | +€116,266 | +1,123% |
| Taxes, remuneration and social security | 45 | €28,321 | €20,665 | -€7,655 | -27.0% |
| Taxes | 450/3 | €15,199 | €8,454 | -€6,745 | -44.4% |
| Remuneration and social security | 454/9 | €13,121 | €12,212 | -€910 | -6.9% |
| Other amounts payable | 47/48 | €181,133 | €556,416 | +€375,283 | +207% |
| Accrued charges and deferred income | 492/3 | €93,409 | €89,318 | -€4,091 | -4.4% |
| Remuneration, social security and pensions | 62 | €56,390 | €38,981 | -€17,410 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €213 | = | 0.0% |
| Other operating charges | 640/8 | €5,315 | €14,536 | +€9,221 | +173% |
| Gross operating margin | 9900 | €180,651 | €115,851 | -€64,801 | -35.9% |
| Operating profit (loss) | 9901 | €118,733 | €62,122 | -€56,612 | -47.7% |
| Financial income | 75/76B | €0 | €453 | +€453 | +4,529,700% |
| Recurring financial income | 75 | €0 | €453 | +€453 | +4,529,700% |
| Financial charges | 65/66B | €94,370 | €58,957 | -€35,413 | -37.5% |
| Recurring financial charges | 65 | €94,370 | €58,957 | -€35,413 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €24,363 | €3,618 | -€20,745 | -85.1% |
| Income taxes | 67/77 | €7,042 | €1,351 | -€5,691 | -80.8% |
| Profit (loss) for the period | 9904 | €17,321 | €2,267 | -€15,054 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,321 | €2,267 | -€15,054 | -86.9% |
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 1 November 2026 via checked.be.