FreeWood: 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.
FreeWood
Largest movements
- Cash +€50,867
up €50,867 (+86.9%), from €58,564 to €109,431
mainly Net result for the year (+€147,051) and Depreciation (+€20,361)
- Tangible fixed assets -€6,434
down €6,434 (-5.9%), from €109,669 to €103,236
of which Furniture and vehicles: -€11,033
- Reserves +€147,051
up €147,051, from €0 to €147,051
- Other debts -€106,032
down €106,032 (-97.1%), from €109,183 to €3,151
- Debts after one year -€13,353
down €13,353 (-35.1%), from €38,041 to €24,688
- Tax, wage and social debts +€8,707
up €8,707 (+50.7%), from €17,174 to €25,882
of which Taxes: +€7,694
- Trade debts +€6,608
up €6,608 (+3424.1%), from €193 to €6,801
- Gross operating margin +€65,105
up €65,105 (+41.6%), from €156,652 to €221,757
- Taxes +€28,779
up €28,779 (+123.2%), from €23,358 to €52,137
- Depreciation +€8,097
up €8,097 (+66.0%), from €12,264 to €20,361
- Other operating charges -€4,999
down €4,999 (-92.7%), from €5,390 to €391
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 | €196,022 | €239,526 | +€43,504 | +22.2% |
| Fixed assets | 21/28 | €109,669 | €103,236 | -€6,434 | -5.9% |
| Tangible fixed assets | 22/27 | €109,669 | €103,236 | -€6,434 | -5.9% |
| Furniture and vehicles | 24 | €56,643 | €45,610 | -€11,033 | -19.5% |
| Other tangible fixed assets | 26 | €53,027 | €57,626 | +€4,600 | +8.7% |
| Current assets | 29/58 | €86,353 | €136,291 | +€49,938 | +57.8% |
| Amounts receivable within one year | 40/41 | €27,788 | €26,859 | -€929 | -3.3% |
| Trade receivables | 40 | €23,160 | €24,505 | +€1,345 | +5.8% |
| Other amounts receivable | 41 | €4,628 | €2,354 | -€2,274 | -49.1% |
| Cash at bank and in hand | 54/58 | €58,564 | €109,431 | +€50,867 | +86.9% |
| Total equity and liabilities | 10/49 | €196,022 | €239,526 | +€43,504 | +22.2% |
| Equity | 10/15 | €18,600 | €165,651 | +€147,051 | +790.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €147,051 | +€147,051 | |
| Distributable reserves | 133 | €0 | €147,051 | +€147,051 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,422 | €73,875 | -€103,547 | -58.4% |
| Amounts payable after more than one year | 17 | €38,041 | €24,688 | -€13,353 | -35.1% |
| Financial debts | 170/4 | €38,041 | €24,688 | -€13,353 | -35.1% |
| Amounts payable within one year | 42/48 | €139,381 | €49,187 | -€90,194 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €12,831 | €13,353 | +€522 | +4.1% |
| Trade debts | 44 | €193 | €6,801 | +€6,608 | +3424.1% |
| Suppliers | 440/4 | €193 | €6,801 | +€6,608 | +3424.1% |
| Taxes, remuneration and social security | 45 | €17,174 | €25,882 | +€8,707 | +50.7% |
| Taxes | 450/3 | €13,674 | €21,368 | +€7,694 | +56.3% |
| Remuneration and social security | 454/9 | €3,500 | €4,514 | +€1,014 | +29.0% |
| Other amounts payable | 47/48 | €109,183 | €3,151 | -€106,032 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,264 | €20,361 | +€8,097 | +66.0% |
| Other operating charges | 640/8 | €5,390 | €391 | -€4,999 | -92.7% |
| Non-recurring operating charges | 66A | €56,734 | €0 | -€56,734 | -100.0% |
| Gross operating margin | 9900 | €156,652 | €221,757 | +€65,105 | +41.6% |
| Operating profit (loss) | 9901 | €82,264 | €201,004 | +€118,741 | +144.3% |
| Financial income | 75/76B | €0 | €101 | +€101 | |
| Recurring financial income | 75 | €0 | €101 | +€101 | |
| Financial charges | 65/66B | €3,897 | €1,917 | -€1,980 | -50.8% |
| Recurring financial charges | 65 | €3,897 | €1,917 | -€1,980 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €78,366 | €199,188 | +€120,822 | +154.2% |
| Income taxes | 67/77 | €23,358 | €52,137 | +€28,779 | +123.2% |
| Profit (loss) for the period | 9904 | €55,009 | €147,051 | +€92,043 | +167.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,009 | €147,051 | +€92,043 | +167.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.