FREEWAY: 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.
FREEWAY
Largest movements
- Tangible fixed assets -€11,663
down €11,663 (-55.3%), from €21,101 to €9,439
of which Furniture and vehicles: -€16,386
- Cash +€8,138
up €8,138 (+51.0%), from €15,961 to €24,099
mainly Depreciation (+€11,957) and Tax, wage and social debts (+€9,044)
- Receivables within one year -€2,740
down €2,740 (-2.2%), from €121,838 to €119,098
of which Other amounts receivable: -€9,529
- Current portion of long-term debt -€19,442
no longer reported in 2025 (was €19,442)
- Tax, wage and social debts +€9,044
up €9,044 (+31.5%), from €28,666 to €37,710
of which Taxes: +€5,393
- Reserves +€8,764
up €8,764 (+32.0%), from €27,405 to €36,169
of which Distributable reserves: +€8,764
- Trade debts -€4,035
down €4,035 (-7.8%), from €52,012 to €47,977
- Gross operating margin +€27,484
up €27,484 (+10.5%), from €261,296 to €288,780
- Staff costs +€13,121
up €13,121 (+5.5%), from €238,949 to €252,069
- Financial income -€13,083
down €13,083 (-99.1%), from €13,197 to €114
of which Non-recurring financial income: -€13,000
- Depreciation -€7,504
down €7,504 (-38.6%), from €19,462 to €11,957
- Other operating charges +€5,561
up €5,561 (+122.8%), from €4,529 to €10,090
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 | €162,216 | €155,497 | -€6,720 | -4.1% |
| Fixed assets | 21/28 | €21,101 | €9,439 | -€11,663 | -55.3% |
| Tangible fixed assets | 22/27 | €21,101 | €9,439 | -€11,663 | -55.3% |
| Plant, machinery and equipment | 23 | €1,926 | €6,649 | +€4,723 | +245.3% |
| Furniture and vehicles | 24 | €19,176 | €2,790 | -€16,386 | -85.5% |
| Current assets | 29/58 | €141,115 | €146,058 | +€4,943 | +3.5% |
| Amounts receivable within one year | 40/41 | €121,838 | €119,098 | -€2,740 | -2.2% |
| Trade receivables | 40 | €44,330 | €51,119 | +€6,789 | +15.3% |
| Other amounts receivable | 41 | €77,508 | €67,979 | -€9,529 | -12.3% |
| Cash at bank and in hand | 54/58 | €15,961 | €24,099 | +€8,138 | +51.0% |
| Deferred charges and accrued income | 490/1 | €3,316 | €2,862 | -€454 | -13.7% |
| Total equity and liabilities | 10/49 | €162,216 | €155,497 | -€6,720 | -4.1% |
| Equity | 10/15 | €46,005 | €54,769 | +€8,764 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,405 | €36,169 | +€8,764 | +32.0% |
| Tax-exempt reserves | 132 | €2,240 | €2,240 | = | 0.0% |
| Distributable reserves | 133 | €25,165 | €33,929 | +€8,764 | +34.8% |
| Amounts payable | 17/49 | €116,212 | €100,728 | -€15,484 | -13.3% |
| Amounts payable after more than one year | 17 | €1,028 | - | -€1,028 | |
| Financial debts | 170/4 | €1,028 | - | -€1,028 | |
| Amounts payable within one year | 42/48 | €115,184 | €100,728 | -€14,456 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €19,442 | - | -€19,442 | |
| Financial debts | 43 | €15,064 | €15,041 | -€23 | -0.2% |
| Credit institutions | 430/8 | €15,064 | €15,041 | -€23 | -0.2% |
| Trade debts | 44 | €52,012 | €47,977 | -€4,035 | -7.8% |
| Suppliers | 440/4 | €52,012 | €47,977 | -€4,035 | -7.8% |
| Taxes, remuneration and social security | 45 | €28,666 | €37,710 | +€9,044 | +31.5% |
| Taxes | 450/3 | €16 | €5,409 | +€5,393 | +34352.4% |
| Remuneration and social security | 454/9 | €28,650 | €32,301 | +€3,650 | +12.7% |
| Remuneration, social security and pensions | 62 | €238,949 | €252,069 | +€13,121 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,462 | €11,957 | -€7,504 | -38.6% |
| Other operating charges | 640/8 | €4,529 | €10,090 | +€5,561 | +122.8% |
| Gross operating margin | 9900 | €261,296 | €288,780 | +€27,484 | +10.5% |
| Operating profit (loss) | 9901 | -€1,644 | €14,663 | +€16,307 | |
| Financial income | 75/76B | €13,197 | €114 | -€13,083 | -99.1% |
| Recurring financial income | 75 | €197 | €114 | -€83 | -42.1% |
| Non-recurring financial income | 76B | €13,000 | - | -€13,000 | |
| Financial charges | 65/66B | €2,896 | €2,470 | -€427 | -14.7% |
| Recurring financial charges | 65 | €2,896 | €2,470 | -€427 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €8,657 | €12,308 | +€3,651 | +42.2% |
| Income taxes | 67/77 | - | €3,544 | +€3,544 | |
| Profit (loss) for the period | 9904 | €8,657 | €8,764 | +€107 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,657 | €8,764 | +€107 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.