FreeSe: 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.
FreeSe
Largest movements
- Cash -€31,441
down €31,441 (-31.6%), from €99,398 to €67,957
mainly Contributions, distributions and other (-€134,998) and Investment in fixed assets (net) (-€3,841)
- Receivables within one year -€5,826
down €5,826 (-24.5%), from €23,771 to €17,945
of which Other amounts receivable: -€5,578
- Deferred charges and accrued income +€2,555
up €2,555 (+93.4%), from €2,737 to €5,292
- Tangible fixed assets +€1,675
up €1,675 (+15.9%), from €10,565 to €12,240
of which Furniture and vehicles: +€981
- Reserves -€83,965
down €83,965 (-65.1%), from €129,056 to €45,091
- Other debts +€50,816
new in 2025: €50,816
- Gross operating margin +€7,224
up €7,224 (+11.7%), from €61,633 to €68,857
- Taxes +€1,348
up €1,348 (+10.4%), from €12,947 to €14,295
- Depreciation +€796
up €796 (+58.1%), from €1,370 to €2,166
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 | €140,643 | €107,543 | -€33,100 | -23.5% |
| Fixed assets | 21/28 | €10,565 | €12,240 | +€1,675 | +15.9% |
| Tangible fixed assets | 22/27 | €10,565 | €12,240 | +€1,675 | +15.9% |
| Plant, machinery and equipment | 23 | €1,101 | €859 | -€242 | -22.0% |
| Furniture and vehicles | 24 | €1,524 | €2,504 | +€981 | +64.4% |
| Other tangible fixed assets | 26 | €7,941 | €8,877 | +€936 | +11.8% |
| Current assets | 29/58 | €130,078 | €95,303 | -€34,775 | -26.7% |
| Amounts receivable after more than one year | 29 | €3,074 | €3,074 | = | 0.0% |
| Other amounts receivable | 291 | €3,074 | €3,074 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,098 | €1,035 | -€63 | -5.7% |
| Stocks | 30/36 | €1,098 | €1,035 | -€63 | -5.7% |
| Amounts receivable within one year | 40/41 | €23,771 | €17,945 | -€5,826 | -24.5% |
| Trade receivables | 40 | €17,489 | €17,240 | -€248 | -1.4% |
| Other amounts receivable | 41 | €6,283 | €705 | -€5,578 | -88.8% |
| Cash at bank and in hand | 54/58 | €99,398 | €67,957 | -€31,441 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,737 | €5,292 | +€2,555 | +93.4% |
| Total equity and liabilities | 10/49 | €140,643 | €107,543 | -€33,100 | -23.5% |
| Equity | 10/15 | €132,056 | €48,091 | -€83,965 | -63.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €129,056 | €45,091 | -€83,965 | -65.1% |
| Distributable reserves | 133 | €129,056 | €45,091 | -€83,965 | -65.1% |
| Amounts payable | 17/49 | €8,588 | €59,452 | +€50,865 | +592.3% |
| Amounts payable within one year | 42/48 | €8,588 | €59,452 | +€50,865 | +592.3% |
| Trade debts | 44 | €4,636 | €5,020 | +€384 | +8.3% |
| Suppliers | 440/4 | €4,636 | €5,020 | +€384 | +8.3% |
| Advances received on contracts in progress | 46 | €760 | - | -€760 | |
| Taxes, remuneration and social security | 45 | €3,192 | €3,616 | +€424 | +13.3% |
| Taxes | 450/3 | €3,192 | €3,616 | +€424 | +13.3% |
| Other amounts payable | 47/48 | - | €50,816 | +€50,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,370 | €2,166 | +€796 | +58.1% |
| Other operating charges | 640/8 | €413 | €860 | +€447 | +108.3% |
| Gross operating margin | 9900 | €61,633 | €68,857 | +€7,224 | +11.7% |
| Operating profit (loss) | 9901 | €59,850 | €65,831 | +€5,981 | +10.0% |
| Financial income | 75/76B | €18 | €179 | +€161 | +879.2% |
| Recurring financial income | 75 | €18 | €179 | +€161 | +879.2% |
| Financial charges | 65/66B | €891 | €681 | -€209 | -23.5% |
| Recurring financial charges | 65 | €891 | €681 | -€209 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €58,978 | €65,329 | +€6,351 | +10.8% |
| Income taxes | 67/77 | €12,947 | €14,295 | +€1,348 | +10.4% |
| Profit (loss) for the period | 9904 | €46,031 | €51,034 | +€5,003 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,031 | €51,034 | +€5,003 | +10.9% |
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 11 October 2026 via checked.be.