Road2freedom: what changed
Road2freedom
Largest movements
- Cash -€24,331
down €24,331 (-57.8%), from €42,081 to €17,750
mainly Net result for the year (-€45,438) and Trade debts (-€1,413)
- Deferred charges and accrued income -€11,928
down €11,928 (-67.7%), from €17,625 to €5,697
- Tangible fixed assets -€6,711
down €6,711 (-43.5%), from €15,421 to €8,710
- Receivables within one year -€2,917
down €2,917 (-19.4%), from €14,999 to €12,082
of which Trade receivables: -€2,917
- Profit (loss) carried forward -€45,438
down €45,438 (-72.1%), from €63,056 to €17,619
- Trade debts -€1,413
down €1,413 (-89.4%), from €1,581 to €168
- Depreciation -€8,570
down €8,570 (-56.1%), from €15,280 to €6,711
- Gross operating margin -€1,358
down €1,358 (-3.8%), from -€35,814 to -€37,172
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,175 | €44,289 | -€45,886 | -50.9% |
| Fixed assets | 21/28 | €15,470 | €8,760 | -€6,711 | -43.4% |
| Tangible fixed assets | 22/27 | €15,421 | €8,710 | -€6,711 | -43.5% |
| Plant, machinery and equipment | 23 | €15,421 | €8,710 | -€6,711 | -43.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €74,705 | €35,530 | -€39,175 | -52.4% |
| Amounts receivable within one year | 40/41 | €14,999 | €12,082 | -€2,917 | -19.4% |
| Trade receivables | 40 | €4,429 | €1,512 | -€2,917 | -65.9% |
| Other amounts receivable | 41 | €10,570 | €10,570 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,081 | €17,750 | -€24,331 | -57.8% |
| Deferred charges and accrued income | 490/1 | €17,625 | €5,697 | -€11,928 | -67.7% |
| Total equity and liabilities | 10/49 | €90,175 | €44,289 | -€45,886 | -50.9% |
| Equity | 10/15 | €88,595 | €43,157 | -€45,438 | -51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,939 | €6,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,079 | €5,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,056 | €17,619 | -€45,438 | -72.1% |
| Amounts payable | 17/49 | €1,581 | €1,132 | -€448 | -28.4% |
| Amounts payable within one year | 42/48 | €1,581 | €340 | -€1,241 | -78.5% |
| Trade debts | 44 | €1,581 | €168 | -€1,413 | -89.4% |
| Suppliers | 440/4 | €1,581 | €168 | -€1,413 | -89.4% |
| Other amounts payable | 47/48 | - | €172 | +€172 | |
| Accrued charges and deferred income | 492/3 | - | €793 | +€793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,280 | €6,711 | -€8,570 | -56.1% |
| Other operating charges | 640/8 | €1,419 | €1,496 | +€77 | +5.5% |
| Gross operating margin | 9900 | -€35,814 | -€37,172 | -€1,358 | -3.8% |
| Operating profit (loss) | 9901 | -€52,513 | -€45,379 | +€7,134 | +13.6% |
| Financial charges | 65/66B | €197 | €59 | -€138 | -70.1% |
| Recurring financial charges | 65 | €197 | €59 | -€138 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,710 | -€45,438 | +€7,272 | +13.8% |
| Profit (loss) for the period | 9904 | -€52,710 | -€45,438 | +€7,272 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,710 | -€45,438 | +€7,272 | +13.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.