FREIRAUM: 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.
FREIRAUM
Largest movements
- Current investments +€56,929
up €56,929 (+1,852%), from €3,073 to €60,003
- Receivables within one year +€56,500
up €56,500 (+89.1%), from €63,410 to €119,909
of which Trade receivables: +€67,010
- Tangible fixed assets +€45,999
up €45,999 (+84.3%), from €54,566 to €100,565
of which Furniture and vehicles: +€48,457
- Cash +€24,036
up €24,036 (+50.7%), from €47,413 to €71,449
mainly Advances received (+€168,000) and Tax, wage and social debts (+€24,285)
- Stocks and contracts +€4,000
up €4,000 (+57.1%), from €7,000 to €11,000
of which Contracts in progress: +€4,000
- Advances received +€168,000
new in 2025: €168,000
- Tax, wage and social debts +€24,285
up €24,285 (+79.8%), from €30,423 to €54,708
of which Taxes: +€25,096
- Trade debts -€10,161
down €10,161 (-42.3%), from €24,039 to €13,878
- Provisions -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year +€6,110
up €6,110 (+16.5%), from €37,135 to €43,245
- Gross operating margin -€44,537
down €44,537 (-23.1%), from €192,877 to €148,339
- Staff costs -€37,632
down €37,632 (-25.5%), from €147,738 to €110,106
- Financial charges +€4,479
up €4,479 (+79.5%), from €5,637 to €10,116
- Depreciation -€3,951
down €3,951 (-16.0%), from €24,691 to €20,740
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 | €185,412 | €370,346 | +€184,934 | +99.7% |
| Fixed assets | 21/28 | €59,340 | €103,420 | +€44,079 | +74.3% |
| Intangible fixed assets | 21 | €4,640 | €2,720 | -€1,920 | -41.4% |
| Tangible fixed assets | 22/27 | €54,566 | €100,565 | +€45,999 | +84.3% |
| Plant, machinery and equipment | 23 | €5,019 | €2,615 | -€2,404 | -47.9% |
| Furniture and vehicles | 24 | €39,774 | €88,231 | +€48,457 | +122% |
| Other tangible fixed assets | 26 | €9,773 | €9,719 | -€54 | -0.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €126,071 | €266,926 | +€140,855 | +112% |
| Stocks and contracts in progress | 3 | €7,000 | €11,000 | +€4,000 | +57.1% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Contracts in progress | 37 | €1,000 | €5,000 | +€4,000 | +400% |
| Amounts receivable within one year | 40/41 | €63,410 | €119,909 | +€56,500 | +89.1% |
| Trade receivables | 40 | €27,774 | €94,784 | +€67,010 | +241% |
| Other amounts receivable | 41 | €35,636 | €25,125 | -€10,511 | -29.5% |
| Current investments | 50/53 | €3,073 | €60,003 | +€56,929 | +1,852% |
| Cash at bank and in hand | 54/58 | €47,413 | €71,449 | +€24,036 | +50.7% |
| Deferred charges and accrued income | 490/1 | €5,175 | €4,565 | -€610 | -11.8% |
| Total equity and liabilities | 10/49 | €185,412 | €370,346 | +€184,934 | +99.7% |
| Equity | 10/15 | €9,366 | €14,949 | +€5,583 | +59.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,915 | €48,915 | = | 0.0% |
| Distributable reserves | 133 | €48,915 | €48,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,749 | -€40,166 | +€5,583 | +12.2% |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €166,046 | €355,397 | +€189,351 | +114% |
| Amounts payable after more than one year | 17 | €37,135 | €43,245 | +€6,110 | +16.5% |
| Financial debts | 170/4 | €37,135 | €43,245 | +€6,110 | +16.5% |
| Amounts payable within one year | 42/48 | €127,611 | €310,576 | +€182,966 | +143% |
| Current portion of amounts payable after more than one year | 42 | €23,149 | €23,991 | +€842 | +3.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €24,039 | €13,878 | -€10,161 | -42.3% |
| Suppliers | 440/4 | €24,039 | €13,878 | -€10,161 | -42.3% |
| Advances received on contracts in progress | 46 | - | €168,000 | +€168,000 | |
| Taxes, remuneration and social security | 45 | €30,423 | €54,708 | +€24,285 | +79.8% |
| Taxes | 450/3 | €13,842 | €38,937 | +€25,096 | +181% |
| Remuneration and social security | 454/9 | €16,581 | €15,771 | -€811 | -4.9% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,575 | +€275 | +21.2% |
| Remuneration, social security and pensions | 62 | €147,738 | €110,106 | -€37,632 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,691 | €20,740 | -€3,951 | -16.0% |
| Other operating charges | 640/8 | €1,060 | €851 | -€208 | -19.7% |
| Non-recurring operating charges | 66A | €10,000 | €1,084 | -€8,916 | -89.2% |
| Gross operating margin | 9900 | €192,877 | €148,339 | -€44,537 | -23.1% |
| Operating profit (loss) | 9901 | €9,389 | €15,559 | +€6,170 | +65.7% |
| Financial income | 75/76B | €789 | €906 | +€117 | +14.8% |
| Recurring financial income | 75 | €789 | €906 | +€117 | +14.8% |
| Financial charges | 65/66B | €5,637 | €10,116 | +€4,479 | +79.5% |
| Recurring financial charges | 65 | €5,637 | €10,116 | +€4,479 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €4,541 | €6,349 | +€1,808 | +39.8% |
| Income taxes | 67/77 | €1,901 | €766 | -€1,135 | -59.7% |
| Profit (loss) for the period | 9904 | €2,641 | €5,583 | +€2,942 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €2,641 | €5,583 | +€2,942 | +111% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.