freestone: 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.
freestone
Largest movements
- Receivables within one year +€200,032
up €200,032 (+18.6%), from €1.1m to €1.3m
of which Trade receivables: +€325,564
- Tangible fixed assets +€88,303
up €88,303 (+177.8%), from €49,660 to €137,963
of which Other tangible fixed assets: +€76,307
- Cash +€48,884
up €48,884 (+19.3%), from €252,984 to €301,868
mainly Trade debts (+€530,686) and Short-term financial debts (+€200,000)
- Deferred charges and accrued income +€48,724
up €48,724 (+6.7%), from €731,583 to €780,307
- Trade debts +€530,686
up €530,686 (+92.1%), from €576,428 to €1.1m
- Profit (loss) carried forward -€228,087
down €228,087 (-27.3%), from €835,233 to €607,147
- Short-term financial debts +€200,000
new in 2024: €200,000
- Accrued charges and deferred income +€197,376
up €197,376 (+88.4%), from €223,368 to €420,744
- Current portion of long-term debt -€181,233
down €181,233 (-96.0%), from €188,827 to €7,594
- Gross operating margin -€1.1m
down €1.1m (-78.6%), from €1.4m to €308,572
- Staff costs -€945,587
down €945,587 (-78.8%), from €1.2m to €254,939
- Taxes -€69,694
down €69,694 (-92.3%), from €75,500 to €5,806
- Financial income -€36,417
down €36,417 (-99.5%), from €36,615 to €198
- Financial charges -€26,755
down €26,755 (-63.2%), from €42,320 to €15,565
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 | €2,131,265 | €2,517,659 | +€386,394 | +18.1% |
| Fixed assets | 21/28 | €73,264 | €162,017 | +€88,753 | +121.1% |
| Tangible fixed assets | 22/27 | €49,660 | €137,963 | +€88,303 | +177.8% |
| Land and buildings | 22 | €1,731 | €866 | -€866 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €26,072 | +€26,072 | |
| Furniture and vehicles | 24 | €35,558 | €22,348 | -€13,209 | -37.1% |
| Other tangible fixed assets | 26 | €12,371 | €88,678 | +€76,307 | +616.8% |
| Financial fixed assets | 28 | €23,604 | €24,054 | +€450 | +1.9% |
| Current assets | 29/58 | €2,058,001 | €2,355,642 | +€297,641 | +14.5% |
| Amounts receivable within one year | 40/41 | €1,073,434 | €1,273,467 | +€200,032 | +18.6% |
| Trade receivables | 40 | €830,153 | €1,155,716 | +€325,564 | +39.2% |
| Other amounts receivable | 41 | €243,282 | €117,751 | -€125,531 | -51.6% |
| Cash at bank and in hand | 54/58 | €252,984 | €301,868 | +€48,884 | +19.3% |
| Deferred charges and accrued income | 490/1 | €731,583 | €780,307 | +€48,724 | +6.7% |
| Total equity and liabilities | 10/49 | €2,131,265 | €2,517,659 | +€386,394 | +18.1% |
| Equity | 10/15 | €903,433 | €675,347 | -€228,087 | -25.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €835,233 | €607,147 | -€228,087 | -27.3% |
| Amounts payable | 17/49 | €1,227,831 | €1,842,312 | +€614,481 | +50.0% |
| Amounts payable after more than one year | 17 | €7,782 | - | -€7,782 | |
| Financial debts | 170/4 | €7,782 | - | -€7,782 | |
| Amounts payable within one year | 42/48 | €996,681 | €1,421,568 | +€424,887 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €188,827 | €7,594 | -€181,233 | -96.0% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €576,428 | €1,107,114 | +€530,686 | +92.1% |
| Suppliers | 440/4 | €576,428 | €1,107,114 | +€530,686 | +92.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €230,637 | €105,574 | -€125,063 | -54.2% |
| Taxes | 450/3 | €153,349 | €10,031 | -€143,319 | -93.5% |
| Remuneration and social security | 454/9 | €77,288 | €95,544 | +€18,256 | +23.6% |
| Other amounts payable | 47/48 | €790 | €1,287 | +€497 | +62.9% |
| Accrued charges and deferred income | 492/3 | €223,368 | €420,744 | +€197,376 | +88.4% |
| Non-recurring operating income | 76A | €1,314 | - | -€1,314 | |
| Remuneration, social security and pensions | 62 | €1,200,526 | €254,939 | -€945,587 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,324 | €17,724 | +€3,400 | +23.7% |
| Other operating charges | 640/8 | €4,067 | €824 | -€3,243 | -79.7% |
| Gross operating margin | 9900 | €1,443,472 | €308,572 | -€1.1m | -78.6% |
| Operating profit (loss) | 9901 | €224,555 | €35,086 | -€189,469 | -84.4% |
| Financial income | 75/76B | €36,615 | €198 | -€36,417 | -99.5% |
| Recurring financial income | 75 | €36,615 | €198 | -€36,417 | -99.5% |
| Financial charges | 65/66B | €42,320 | €15,565 | -€26,755 | -63.2% |
| Recurring financial charges | 65 | €42,320 | €15,565 | -€26,755 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €218,851 | €19,719 | -€199,131 | -91.0% |
| Income taxes | 67/77 | €75,500 | €5,806 | -€69,694 | -92.3% |
| Profit (loss) for the period | 9904 | €143,351 | €13,913 | -€129,438 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €143,351 | €13,913 | -€129,438 | -90.3% |
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 29 September 2026 via checked.be.