FREERIDE: 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.
FREERIDE
Largest movements
- Receivables within one year -€47,504
down €47,504 (-57.3%), from €82,866 to €35,362
of which Trade receivables: -€58,758
- Tangible fixed assets -€12,608
down €12,608 (-29.8%), from €42,254 to €29,646
of which Furniture and vehicles: -€10,799
- Cash -€8,534
down €8,534 (-71.7%), from €11,905 to €3,372
mainly Tax, wage and social debts (-€48,137) and Net result for the year (-€41,178)
- Stocks and contracts +€8,023
up €8,023 (+1.7%), from €474,605 to €482,628
- Tax, wage and social debts -€48,137
down €48,137 (-48.6%), from €98,954 to €50,817
of which Taxes: -€61,357
- Profit (loss) carried forward -€41,178
down €41,178 (-15.2%), from €270,467 to €229,289
- Trade debts +€32,566
up €32,566 (+38.9%), from €83,755 to €116,321
- Gross operating margin -€71,503
down €71,503 (-77.3%), from €92,523 to €21,020
- Staff costs -€11,405
down €11,405 (-22.8%), from €50,017 to €38,613
- Taxes -€5,773
no longer reported in 2024 (was €5,773)
- Depreciation -€2,215
down €2,215 (-13.0%), from €17,077 to €14,862
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,480 | €552,858 | -€62,623 | -10.2% |
| Fixed assets | 21/28 | €44,754 | €30,146 | -€14,608 | -32.6% |
| Intangible fixed assets | 21 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €42,254 | €29,646 | -€12,608 | -29.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €37,140 | €26,341 | -€10,799 | -29.1% |
| Other tangible fixed assets | 26 | €5,114 | €3,305 | -€1,809 | -35.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €570,727 | €522,712 | -€48,015 | -8.4% |
| Stocks and contracts in progress | 3 | €474,605 | €482,628 | +€8,023 | +1.7% |
| Stocks | 30/36 | €474,605 | €482,628 | +€8,023 | +1.7% |
| Amounts receivable within one year | 40/41 | €82,866 | €35,362 | -€47,504 | -57.3% |
| Trade receivables | 40 | €79,334 | €20,577 | -€58,758 | -74.1% |
| Other amounts receivable | 41 | €3,532 | €14,785 | +€11,254 | +319% |
| Cash at bank and in hand | 54/58 | €11,905 | €3,372 | -€8,534 | -71.7% |
| Deferred charges and accrued income | 490/1 | €1,350 | €1,350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €615,480 | €552,858 | -€62,623 | -10.2% |
| Equity | 10/15 | €334,526 | €293,348 | -€41,178 | -12.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €4,059 | €4,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,059 | €4,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,059 | €4,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,467 | €229,289 | -€41,178 | -15.2% |
| Amounts payable | 17/49 | €280,954 | €259,510 | -€21,444 | -7.6% |
| Amounts payable after more than one year | 17 | €39,366 | €34,551 | -€4,815 | -12.2% |
| Financial debts | 170/4 | €39,366 | €34,551 | -€4,815 | -12.2% |
| Amounts payable within one year | 42/48 | €241,588 | €224,959 | -€16,629 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €4,629 | €4,741 | +€112 | +2.4% |
| Financial debts | 43 | €74 | €74 | = | 0.0% |
| Credit institutions | 430/8 | €74 | €74 | = | 0.0% |
| Trade debts | 44 | €83,755 | €116,321 | +€32,566 | +38.9% |
| Suppliers | 440/4 | €83,755 | €116,321 | +€32,566 | +38.9% |
| Taxes, remuneration and social security | 45 | €98,954 | €50,817 | -€48,137 | -48.6% |
| Taxes | 450/3 | €89,841 | €28,484 | -€61,357 | -68.3% |
| Remuneration and social security | 454/9 | €9,114 | €22,333 | +€13,219 | +145% |
| Other amounts payable | 47/48 | €54,176 | €53,006 | -€1,170 | -2.2% |
| Remuneration, social security and pensions | 62 | €50,017 | €38,613 | -€11,405 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,077 | €14,862 | -€2,215 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,057 | €2,316 | +€259 | +12.6% |
| Gross operating margin | 9900 | €92,523 | €21,020 | -€71,503 | -77.3% |
| Operating profit (loss) | 9901 | €23,371 | -€34,770 | -€58,142 | |
| Financial income | 75/76B | €786 | €38 | -€748 | -95.2% |
| Recurring financial income | 75 | €786 | €38 | -€748 | -95.2% |
| Financial charges | 65/66B | €6,206 | €6,446 | +€239 | +3.9% |
| Recurring financial charges | 65 | €6,206 | €6,446 | +€239 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,951 | -€41,178 | -€59,130 | |
| Income taxes | 67/77 | €5,773 | - | -€5,773 | |
| Profit (loss) for the period | 9904 | €12,178 | -€41,178 | -€53,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,178 | -€41,178 | -€53,356 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.