FREEWAY: 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.
FREEWAY
Largest movements
- Receivables within one year -€44,968
no longer reported in 2025 (was €44,968)
of which Trade receivables: -€43,905
- Tangible fixed assets -€24,194
down €24,194 (-5.2%), from €462,666 to €438,472
of which Land and buildings: -€23,698
- Other debts +€377,065
up €377,065 (+919.7%), from €41,001 to €418,065
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Debts after one year -€152,250
no longer reported in 2025 (was €152,250)
- Profit (loss) carried forward -€23,666
down €23,666 (-19.5%), from -€121,416 to -€145,082
- Current portion of long-term debt -€21,750
no longer reported in 2025 (was €21,750)
- Gross operating margin -€3,571
down €3,571 (-38.4%), from €9,288 to €5,717
- Financial charges +€388
new in 2025: €388
- Other operating charges +€380
up €380 (+8.6%), from €4,422 to €4,801
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 | €507,845 | €438,498 | -€69,348 | -13.7% |
| Fixed assets | 21/28 | €462,666 | €438,472 | -€24,194 | -5.2% |
| Tangible fixed assets | 22/27 | €462,666 | €438,472 | -€24,194 | -5.2% |
| Land and buildings | 22 | €462,048 | €438,350 | -€23,698 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €618 | €123 | -€496 | -80.2% |
| Current assets | 29/58 | €45,179 | €25 | -€45,154 | -99.9% |
| Amounts receivable within one year | 40/41 | €44,968 | - | -€44,968 | |
| Trade receivables | 40 | €43,905 | - | -€43,905 | |
| Other amounts receivable | 41 | €1,063 | - | -€1,063 | |
| Cash at bank and in hand | 54/58 | €211 | €25 | -€185 | -87.9% |
| Total equity and liabilities | 10/49 | €507,845 | €438,498 | -€69,348 | -13.7% |
| Equity | 10/15 | €42,844 | €19,178 | -€23,666 | -55.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €125,984 | €119,984 | -€6,000 | -4.8% |
| Reserves | 13 | €25,876 | €31,876 | +€6,000 | +23.2% |
| Distributable reserves | 133 | €25,876 | €31,876 | +€6,000 | +23.2% |
| Profit (loss) carried forward | 14 | -€121,416 | -€145,082 | -€23,666 | -19.5% |
| Amounts payable | 17/49 | €465,001 | €419,319 | -€45,681 | -9.8% |
| Amounts payable after more than one year | 17 | €152,250 | - | -€152,250 | |
| Financial debts | 170/4 | €152,250 | - | -€152,250 | |
| Amounts payable within one year | 42/48 | €312,751 | €419,319 | +€106,569 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €21,750 | - | -€21,750 | |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Taxes, remuneration and social security | 45 | - | €1,254 | +€1,254 | |
| Taxes | 450/3 | - | €1,254 | +€1,254 | |
| Other amounts payable | 47/48 | €41,001 | €418,065 | +€377,065 | +919.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,194 | €24,194 | = | 0.0% |
| Other operating charges | 640/8 | €4,422 | €4,801 | +€380 | +8.6% |
| Gross operating margin | 9900 | €9,288 | €5,717 | -€3,571 | -38.4% |
| Operating profit (loss) | 9901 | -€19,327 | -€23,278 | -€3,951 | -20.4% |
| Financial charges | 65/66B | - | €388 | +€388 | |
| Recurring financial charges | 65 | - | €388 | +€388 | |
| Profit (loss) for the period before taxes | 9903 | -€19,327 | -€23,666 | -€4,339 | -22.5% |
| Profit (loss) for the period | 9904 | -€19,327 | -€23,666 | -€4,339 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,327 | -€23,666 | -€4,339 | -22.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.