FREET N'CO: 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.
FREET N'CO
Largest movements
- Receivables within one year -€120,164
down €120,164 (-83.7%), from €143,562 to €23,398
of which Trade receivables: -€136,264
- Current investments +€100,826
new in 2025: €100,826
- Tangible fixed assets -€40,632
down €40,632 (-9.3%), from €435,746 to €395,114
of which Furniture and vehicles: -€36,842
- Stocks and contracts +€13,509
up €13,509 (+185%), from €7,293 to €20,802
- Debts after one year +€212,958
up €212,958 (+116%), from €183,178 to €396,136
- Trade debts -€164,489
down €164,489 (-99.7%), from €165,062 to €573
- Other debts -€139,290
down €139,290 (-97.5%), from €142,790 to €3,500
- Reserves +€44,318
new in 2025: €44,318
- Short-term financial debts +€13,889
new in 2025: €13,889
- Gross operating margin +€63,769
up €63,769 (+27.8%), from €229,599 to €293,368
- Staff costs +€36,627
up €36,627 (+33.4%), from €109,638 to €146,266
- Taxes +€10,587
up €10,587 (+70.5%), from €15,013 to €25,601
- Financial charges +€4,659
up €4,659 (+44.5%), from €10,465 to €15,124
- Depreciation -€3,892
down €3,892 (-7.3%), from €53,193 to €49,301
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.
Derived cash bridge
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 | €733,351 | €692,375 | -€40,976 | -5.6% |
| Fixed assets | 21/28 | €441,652 | €399,734 | -€41,918 | -9.5% |
| Intangible fixed assets | 21 | €1,926 | €641 | -€1,286 | -66.7% |
| Tangible fixed assets | 22/27 | €435,746 | €395,114 | -€40,632 | -9.3% |
| Land and buildings | 22 | €304,538 | €304,538 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,834 | €22,894 | +€1,061 | +4.9% |
| Furniture and vehicles | 24 | €83,644 | €46,802 | -€36,842 | -44.0% |
| Leasing and similar rights | 25 | €1,032 | - | -€1,032 | |
| Other tangible fixed assets | 26 | €24,699 | €20,880 | -€3,819 | -15.5% |
| Financial fixed assets | 28 | €3,979 | €3,979 | = | 0.0% |
| Current assets | 29/58 | €291,699 | €292,640 | +€942 | +0.3% |
| Stocks and contracts in progress | 3 | €7,293 | €20,802 | +€13,509 | +185% |
| Stocks | 30/36 | €7,293 | €20,802 | +€13,509 | +185% |
| Amounts receivable within one year | 40/41 | €143,562 | €23,398 | -€120,164 | -83.7% |
| Trade receivables | 40 | €142,313 | €6,049 | -€136,264 | -95.7% |
| Other amounts receivable | 41 | €1,249 | €17,349 | +€16,100 | +1,289% |
| Current investments | 50/53 | - | €100,826 | +€100,826 | |
| Cash at bank and in hand | 54/58 | €139,007 | €145,608 | +€6,601 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,837 | €2,007 | +€170 | +9.2% |
| Total equity and liabilities | 10/49 | €733,351 | €692,375 | -€40,976 | -5.6% |
| Equity | 10/15 | €186,321 | €230,639 | +€44,318 | +23.8% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | - | €44,318 | +€44,318 | |
| Distributable reserves | 133 | - | €44,318 | +€44,318 | |
| Profit (loss) carried forward | 14 | €177,021 | €177,021 | = | 0.0% |
| Amounts payable | 17/49 | €547,030 | €461,736 | -€85,294 | -15.6% |
| Amounts payable after more than one year | 17 | €183,178 | €396,136 | +€212,958 | +116% |
| Financial debts | 170/4 | €183,178 | €396,136 | +€212,958 | +116% |
| Amounts payable within one year | 42/48 | €363,852 | €65,600 | -€298,252 | -82.0% |
| Current portion of amounts payable after more than one year | 42 | €8,955 | €9,264 | +€309 | +3.4% |
| Financial debts | 43 | - | €13,889 | +€13,889 | |
| Credit institutions | 430/8 | - | €13,889 | +€13,889 | |
| Trade debts | 44 | €165,062 | €573 | -€164,489 | -99.7% |
| Suppliers | 440/4 | €165,062 | €573 | -€164,489 | -99.7% |
| Advances received on contracts in progress | 46 | €646 | - | -€646 | |
| Taxes, remuneration and social security | 45 | €46,400 | €38,374 | -€8,026 | -17.3% |
| Taxes | 450/3 | €39,185 | €24,260 | -€14,925 | -38.1% |
| Remuneration and social security | 454/9 | €7,215 | €14,114 | +€6,900 | +95.6% |
| Other amounts payable | 47/48 | €142,790 | €3,500 | -€139,290 | -97.5% |
| Non-recurring operating income | 76A | - | €329 | +€329 | |
| Remuneration, social security and pensions | 62 | €109,638 | €146,266 | +€36,627 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,193 | €49,301 | -€3,892 | -7.3% |
| Other operating charges | 640/8 | €618 | €2,412 | +€1,794 | +290% |
| Non-recurring operating charges | 66A | - | €7,998 | +€7,998 | |
| Gross operating margin | 9900 | €229,599 | €293,368 | +€63,769 | +27.8% |
| Operating profit (loss) | 9901 | €66,150 | €87,391 | +€21,242 | +32.1% |
| Financial income | 75/76B | €1 | €1,151 | +€1,150 | +179,744% |
| Recurring financial income | 75 | €1 | €1,151 | +€1,150 | +179,744% |
| Financial charges | 65/66B | €10,465 | €15,124 | +€4,659 | +44.5% |
| Recurring financial charges | 65 | €10,465 | €15,124 | +€4,659 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €55,685 | €73,418 | +€17,733 | +31.8% |
| Income taxes | 67/77 | €15,013 | €25,601 | +€10,587 | +70.5% |
| Profit (loss) for the period | 9904 | €40,672 | €47,818 | +€7,146 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,672 | €47,818 | +€7,146 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.