FREEMIND: 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.
FREEMIND
Largest movements
- Cash -€100,888
down €100,888 (-29.1%), from €346,828 to €245,940
mainly Contributions, distributions and other (-€62,648) and Trade debts (-€23,070)
- Stocks and contracts +€14,568
new in 2025: €14,568
- Receivables within one year -€8,154
down €8,154 (-16.7%), from €48,778 to €40,624
of which Trade receivables: -€8,445
- Reserves -€62,648
down €62,648 (-16.0%), from €390,440 to €327,792
- Trade debts -€23,070
down €23,070 (-50.5%), from €45,711 to €22,641
- Gross operating margin -€51,057
down €51,057 (-80.4%), from €63,522 to €12,465
- Taxes -€12,590
down €12,590 (-93.2%), from €13,507 to €917
- Depreciation +€1,764
up €1,764 (+16.0%), from €11,043 to €12,807
- Financial charges -€1,600
down €1,600 (-41.5%), from €3,852 to €2,252
- Other operating charges -€1,588
down €1,588 (-73.2%), from €2,169 to €581
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 | €464,927 | €371,397 | -€93,530 | -20.1% |
| Fixed assets | 21/28 | €61,932 | €64,827 | +€2,895 | +4.7% |
| Tangible fixed assets | 22/27 | €61,859 | €63,254 | +€1,395 | +2.3% |
| Plant, machinery and equipment | 23 | €3,004 | €10,093 | +€7,089 | +236% |
| Furniture and vehicles | 24 | €14,273 | €13,891 | -€381 | -2.7% |
| Other tangible fixed assets | 26 | €44,583 | €39,270 | -€5,313 | -11.9% |
| Financial fixed assets | 28 | €72 | €1,572 | +€1,500 | +2,076% |
| Current assets | 29/58 | €402,995 | €306,571 | -€96,424 | -23.9% |
| Stocks and contracts in progress | 3 | - | €14,568 | +€14,568 | |
| Stocks | 30/36 | - | €14,568 | +€14,568 | |
| Amounts receivable within one year | 40/41 | €48,778 | €40,624 | -€8,154 | -16.7% |
| Trade receivables | 40 | €22,631 | €14,186 | -€8,445 | -37.3% |
| Other amounts receivable | 41 | €26,147 | €26,438 | +€291 | +1.1% |
| Cash at bank and in hand | 54/58 | €346,828 | €245,940 | -€100,888 | -29.1% |
| Deferred charges and accrued income | 490/1 | €7,389 | €5,439 | -€1,950 | -26.4% |
| Total equity and liabilities | 10/49 | €464,927 | €371,397 | -€93,530 | -20.1% |
| Equity | 10/15 | €402,840 | €336,104 | -€66,736 | -16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €390,440 | €327,792 | -€62,648 | -16.0% |
| Distributable reserves | 133 | €390,440 | €327,792 | -€62,648 | -16.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,087 | -€4,087 | |
| Amounts payable | 17/49 | €62,087 | €35,293 | -€26,794 | -43.2% |
| Amounts payable after more than one year | 17 | €496 | €307 | -€189 | -38.1% |
| Other amounts payable | 178/9 | €496 | €307 | -€189 | -38.1% |
| Amounts payable within one year | 42/48 | €61,591 | €34,986 | -€26,605 | -43.2% |
| Trade debts | 44 | €45,711 | €22,641 | -€23,070 | -50.5% |
| Suppliers | 440/4 | €45,711 | €22,641 | -€23,070 | -50.5% |
| Advances received on contracts in progress | 46 | €113 | €113 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,767 | €12,232 | -€3,535 | -22.4% |
| Taxes | 450/3 | €15,767 | €12,232 | -€3,535 | -22.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,043 | €12,807 | +€1,764 | +16.0% |
| Other operating charges | 640/8 | €2,169 | €581 | -€1,588 | -73.2% |
| Gross operating margin | 9900 | €63,522 | €12,465 | -€51,057 | -80.4% |
| Operating profit (loss) | 9901 | €50,310 | -€923 | -€51,233 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +6,450% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +6,450% |
| Financial charges | 65/66B | €3,852 | €2,252 | -€1,600 | -41.5% |
| Recurring financial charges | 65 | €3,852 | €2,252 | -€1,600 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €46,458 | -€3,170 | -€49,628 | |
| Income taxes | 67/77 | €13,507 | €917 | -€12,590 | -93.2% |
| Profit (loss) for the period | 9904 | €32,951 | -€4,087 | -€37,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,951 | -€4,087 | -€37,038 |
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 15 October 2026 via checked.be.