Freitas Concept: 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.
Freitas Concept
Largest movements
- Receivables within one year -€26,536
down €26,536 (-66.6%), from €39,839 to €13,303
of which Other amounts receivable: -€27,223
- Tangible fixed assets +€6,886
up €6,886 (+153%), from €4,499 to €11,385
of which Furniture and vehicles: +€7,094
- Cash -€6,384
down €6,384 (-17.8%), from €35,916 to €29,533
mainly Contributions, distributions and other (-€34,763) and Tax, wage and social debts (-€11,443)
- Tax, wage and social debts -€11,443
down €11,443 (-83.9%), from €13,647 to €2,204
of which Taxes: -€11,443
- Other debts -€11,178
down €11,178 (-18.8%), from €59,610 to €48,432
- Trade debts -€3,180
down €3,180 (-80.2%), from €3,967 to €787
- Gross operating margin +€17,125
up €17,125 (+53.1%), from €32,278 to €49,403
- Taxes +€3,590
up €3,590 (+42.7%), from €8,411 to €12,000
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 | €80,575 | €54,423 | -€26,152 | -32.5% |
| Fixed assets | 21/28 | €4,499 | €11,385 | +€6,886 | +153% |
| Tangible fixed assets | 22/27 | €4,499 | €11,385 | +€6,886 | +153% |
| Plant, machinery and equipment | 23 | €4,089 | €3,880 | -€209 | -5.1% |
| Furniture and vehicles | 24 | €410 | €7,505 | +€7,094 | +1,729% |
| Current assets | 29/58 | €76,076 | €43,038 | -€33,038 | -43.4% |
| Amounts receivable within one year | 40/41 | €39,839 | €13,303 | -€26,536 | -66.6% |
| Trade receivables | 40 | €8,595 | €9,281 | +€687 | +8.0% |
| Other amounts receivable | 41 | €31,244 | €4,021 | -€27,223 | -87.1% |
| Cash at bank and in hand | 54/58 | €35,916 | €29,533 | -€6,384 | -17.8% |
| Deferred charges and accrued income | 490/1 | €321 | €203 | -€118 | -36.8% |
| Total equity and liabilities | 10/49 | €80,575 | €54,423 | -€26,152 | -32.5% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €77,575 | €51,423 | -€26,152 | -33.7% |
| Amounts payable within one year | 42/48 | €77,224 | €51,423 | -€25,802 | -33.4% |
| Trade debts | 44 | €3,967 | €787 | -€3,180 | -80.2% |
| Suppliers | 440/4 | €3,967 | €787 | -€3,180 | -80.2% |
| Taxes, remuneration and social security | 45 | €13,647 | €2,204 | -€11,443 | -83.9% |
| Taxes | 450/3 | €13,647 | €2,204 | -€11,443 | -83.9% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €59,610 | €48,432 | -€11,178 | -18.8% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Non-recurring operating income | 76A | €432 | €1,216 | +€784 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,042 | €2,098 | +€56 | +2.8% |
| Other operating charges | 640/8 | €135 | €0 | -€135 | -100% |
| Non-recurring operating charges | 66A | - | €411 | +€411 | |
| Gross operating margin | 9900 | €32,278 | €49,403 | +€17,125 | +53.1% |
| Operating profit (loss) | 9901 | €30,101 | €46,894 | +€16,793 | +55.8% |
| Financial income | 75/76B | €17 | €0 | -€17 | -100% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €339 | €131 | -€208 | -61.4% |
| Recurring financial charges | 65 | €339 | €131 | -€208 | -61.4% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €29,780 | €46,763 | +€16,984 | +57.0% |
| Income taxes | 67/77 | €8,411 | €12,000 | +€3,590 | +42.7% |
| Profit (loss) for the period | 9904 | €21,369 | €34,763 | +€13,394 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,369 | €34,763 | +€13,394 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.