FREESTEEL: 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.
FREESTEEL
Largest movements
- Cash +€89,384
up €89,384 (+25.5%), from €349,979 to €439,363
mainly Receivables after one year (+€86,334) and Net result for the year (+€58,407)
- Receivables after one year -€86,334
down €86,334 (-19.6%), from €440,461 to €354,128
- Receivables within one year -€26,251
down €26,251 (-51.8%), from €50,664 to €24,413
- Deferred charges and accrued income +€23,477
up €23,477 (+89.0%), from €26,393 to €49,870
- Debts after one year -€30,725
down €30,725 (-25.5%), from €120,298 to €89,573
- Other debts +€30,000
new in 2024: €30,000
- Accrued charges and deferred income -€30,000
no longer reported in 2024 (was €30,000)
- Profit (loss) carried forward +€28,407
up €28,407 (+11.0%), from -€257,652 to -€229,245
- Financial income -€5,834
down €5,834 (-27.9%), from €20,893 to €15,059
- Financial charges -€2,073
down €2,073 (-36.8%), from €5,632 to €3,558
- Gross operating margin +€2,058
up €2,058 (+3.3%), from €61,647 to €63,706
- Taxes +€639
new in 2024: €639
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.
Cash bridge derived
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 | €2,328,692 | €2,327,444 | -€1,247 | -0.1% |
| Fixed assets | 21/28 | €1,461,195 | €1,459,670 | -€1,525 | -0.1% |
| Tangible fixed assets | 22/27 | €1,461,195 | €1,459,670 | -€1,525 | -0.1% |
| Land and buildings | 22 | €1,450,082 | €1,450,082 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,114 | €9,589 | -€1,525 | -13.7% |
| Current assets | 29/58 | €867,496 | €867,774 | +€277 | 0.0% |
| Amounts receivable after more than one year | 29 | €440,461 | €354,128 | -€86,334 | -19.6% |
| Other amounts receivable | 291 | €440,461 | €354,128 | -€86,334 | -19.6% |
| Amounts receivable within one year | 40/41 | €50,664 | €24,413 | -€26,251 | -51.8% |
| Other amounts receivable | 41 | €50,664 | €24,413 | -€26,251 | -51.8% |
| Cash at bank and in hand | 54/58 | €349,979 | €439,363 | +€89,384 | +25.5% |
| Deferred charges and accrued income | 490/1 | €26,393 | €49,870 | +€23,477 | +89.0% |
| Total equity and liabilities | 10/49 | €2,328,692 | €2,327,444 | -€1,247 | -0.1% |
| Equity | 10/15 | €2,140,708 | €2,169,115 | +€28,407 | +1.3% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €623,360 | €623,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €605,860 | €605,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,652 | -€229,245 | +€28,407 | +11.0% |
| Amounts payable | 17/49 | €187,984 | €158,329 | -€29,655 | -15.8% |
| Amounts payable after more than one year | 17 | €120,298 | €89,573 | -€30,725 | -25.5% |
| Financial debts | 170/4 | €120,298 | €89,573 | -€30,725 | -25.5% |
| Amounts payable within one year | 42/48 | €37,685 | €68,756 | +€31,071 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €30,267 | €30,725 | +€459 | +1.5% |
| Trade debts | 44 | €7,418 | €7,392 | -€27 | -0.4% |
| Suppliers | 440/4 | €7,418 | €7,392 | -€27 | -0.4% |
| Taxes, remuneration and social security | 45 | - | €639 | +€639 | |
| Taxes | 450/3 | - | €639 | +€639 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,428 | €2,649 | +€221 | +9.1% |
| Other operating charges | 640/8 | €13,015 | €13,511 | +€496 | +3.8% |
| Gross operating margin | 9900 | €61,647 | €63,706 | +€2,058 | +3.3% |
| Operating profit (loss) | 9901 | €46,204 | €47,545 | +€1,341 | +2.9% |
| Financial income | 75/76B | €20,893 | €15,059 | -€5,834 | -27.9% |
| Recurring financial income | 75 | €20,893 | €15,059 | -€5,834 | -27.9% |
| Financial charges | 65/66B | €5,632 | €3,558 | -€2,073 | -36.8% |
| Recurring financial charges | 65 | €5,632 | €3,558 | -€2,073 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €61,465 | €59,046 | -€2,419 | -3.9% |
| Income taxes | 67/77 | - | €639 | +€639 | |
| Profit (loss) for the period | 9904 | €61,465 | €58,407 | -€3,058 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,465 | €58,407 | -€3,058 | -5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.