FREEMMO: 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.
FREEMMO
Largest movements
- Tangible fixed assets -€246,095
down €246,095 (-5.9%), from €4.1m to €3.9m
- Debts after one year -€398,708
down €398,708 (-17.4%), from €2.3m to €1.9m
- Other debts +€95,082
up €95,082 (+72.8%), from €130,663 to €225,745
- Reserves +€55,221
up €55,221 (+8.6%), from €645,175 to €700,396
of which Distributable reserves: +€55,221
- Current portion of long-term debt -€52,500
down €52,500 (-11.6%), from €451,208 to €398,708
- Depreciation -€101,588
down €101,588 (-28.9%), from €351,805 to €250,217
- Financial charges +€32,586
up €32,586 (+138.2%), from €23,576 to €56,162
- Gross operating margin -€17,592
down €17,592 (-4.0%), from €445,222 to €427,629
- Taxes +€14,266
new in 2025: €14,266
- Other operating charges +€7,573
up €7,573 (+17.1%), from €44,190 to €51,763
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 | €4,162,607 | €3,897,943 | -€264,665 | -6.4% |
| Fixed assets | 21/28 | €4,141,304 | €3,895,209 | -€246,095 | -5.9% |
| Tangible fixed assets | 22/27 | €4,141,304 | €3,895,209 | -€246,095 | -5.9% |
| Land and buildings | 22 | €4,141,304 | €3,895,209 | -€246,095 | -5.9% |
| Current assets | 29/58 | €21,303 | €2,733 | -€18,570 | -87.2% |
| Cash at bank and in hand | 54/58 | €21,303 | €2,733 | -€18,570 | -87.2% |
| Total equity and liabilities | 10/49 | €4,162,607 | €3,897,943 | -€264,665 | -6.4% |
| Equity | 10/15 | €1,203,272 | €1,258,494 | +€55,221 | +4.6% |
| Contributions | 10/11 | €283,280 | €283,280 | = | 0.0% |
| Capital | 10 | €283,280 | €283,280 | = | 0.0% |
| Issued capital | 100 | €283,280 | €283,280 | = | 0.0% |
| Reserves | 13 | €645,175 | €700,396 | +€55,221 | +8.6% |
| Non-distributable reserves | 130/1 | €28,328 | €28,328 | = | 0.0% |
| Legal reserve | 130 | €28,328 | €28,328 | = | 0.0% |
| Distributable reserves | 133 | €616,847 | €672,068 | +€55,221 | +9.0% |
| Profit (loss) carried forward | 14 | €274,818 | €274,818 | = | 0.0% |
| Amounts payable | 17/49 | €2,959,335 | €2,639,449 | -€319,886 | -10.8% |
| Amounts payable after more than one year | 17 | €2,294,476 | €1,895,768 | -€398,708 | -17.4% |
| Financial debts | 170/4 | €2,294,476 | €1,895,768 | -€398,708 | -17.4% |
| Amounts payable within one year | 42/48 | €655,807 | €722,670 | +€66,863 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €451,208 | €398,708 | -€52,500 | -11.6% |
| Trade debts | 44 | €73,936 | €83,951 | +€10,015 | +13.5% |
| Suppliers | 440/4 | €73,936 | €83,951 | +€10,015 | +13.5% |
| Taxes, remuneration and social security | 45 | - | €14,266 | +€14,266 | |
| Taxes | 450/3 | - | €14,266 | +€14,266 | |
| Other amounts payable | 47/48 | €130,663 | €225,745 | +€95,082 | +72.8% |
| Accrued charges and deferred income | 492/3 | €9,051 | €21,011 | +€11,960 | +132.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,805 | €250,217 | -€101,588 | -28.9% |
| Other operating charges | 640/8 | €44,190 | €51,763 | +€7,573 | +17.1% |
| Gross operating margin | 9900 | €445,222 | €427,629 | -€17,592 | -4.0% |
| Operating profit (loss) | 9901 | €49,227 | €125,649 | +€76,422 | +155.2% |
| Financial income | 75/76B | €1,755 | €0 | -€1,755 | -100.0% |
| Recurring financial income | 75 | €1,755 | €0 | -€1,755 | -100.0% |
| Financial charges | 65/66B | €23,576 | €56,162 | +€32,586 | +138.2% |
| Recurring financial charges | 65 | €23,576 | €56,162 | +€32,586 | +138.2% |
| Profit (loss) for the period before taxes | 9903 | €27,405 | €69,487 | +€42,082 | +153.6% |
| Income taxes | 67/77 | - | €14,266 | +€14,266 | |
| Profit (loss) for the period | 9904 | €27,405 | €55,221 | +€27,816 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,405 | €55,221 | +€27,816 | +101.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.