TOBEFREE: 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.
TOBEFREE
Largest movements
- Receivables within one year -€49,690
down €49,690 (-90.6%), from €54,841 to €5,151
of which Trade receivables: -€49,472
- Tangible fixed assets +€17,798
up €17,798 (+16.0%), from €111,233 to €129,032
of which Furniture and vehicles: +€24,251
- Cash +€12,205
up €12,205 (+43.1%), from €28,304 to €40,508
mainly Receivables within one year (+€49,690) and Depreciation (+€34,402)
- Stocks and contracts +€9,860
up €9,860 (+26.6%), from €37,068 to €46,928
- Profit (loss) carried forward -€30,429
down €30,429, from €22,453 to -€7,976
- Debts after one year +€21,323
up €21,323 (+103.2%), from €20,651 to €41,974
- Other debts -€3,859
down €3,859 (-6.1%), from €62,828 to €58,969
- Trade debts +€3,492
up €3,492 (+8.3%), from €41,826 to €45,318
- Current portion of long-term debt -€2,581
down €2,581 (-9.1%), from €28,466 to €25,885
- Gross operating margin -€36,738
down €36,738 (-37.4%), from €98,147 to €61,409
- Depreciation +€4,328
up €4,328 (+14.4%), from €30,074 to €34,402
- Taxes +€3,497
up €3,497 (+421.1%), from €830 to €4,327
- Staff costs -€2,365
down €2,365 (-5.8%), from €40,729 to €38,364
- Financial charges -€1,850
down €1,850 (-19.6%), from €9,452 to €7,601
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 | €231,446 | €221,620 | -€9,827 | -4.2% |
| Fixed assets | 21/28 | €111,233 | €129,032 | +€17,798 | +16.0% |
| Tangible fixed assets | 22/27 | €111,233 | €129,032 | +€17,798 | +16.0% |
| Land and buildings | 22 | €67,948 | €61,495 | -€6,453 | -9.5% |
| Furniture and vehicles | 24 | €43,285 | €67,537 | +€24,251 | +56.0% |
| Current assets | 29/58 | €120,213 | €92,588 | -€27,625 | -23.0% |
| Stocks and contracts in progress | 3 | €37,068 | €46,928 | +€9,860 | +26.6% |
| Stocks | 30/36 | €37,068 | €46,928 | +€9,860 | +26.6% |
| Amounts receivable within one year | 40/41 | €54,841 | €5,151 | -€49,690 | -90.6% |
| Trade receivables | 40 | €54,342 | €4,870 | -€49,472 | -91.0% |
| Other amounts receivable | 41 | €500 | €282 | -€218 | -43.6% |
| Cash at bank and in hand | 54/58 | €28,304 | €40,508 | +€12,205 | +43.1% |
| Total equity and liabilities | 10/49 | €231,446 | €221,620 | -€9,827 | -4.2% |
| Equity | 10/15 | €42,913 | €12,484 | -€30,429 | -70.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,453 | -€7,976 | -€30,429 | |
| Amounts payable | 17/49 | €188,533 | €209,135 | +€20,602 | +10.9% |
| Amounts payable after more than one year | 17 | €20,651 | €41,974 | +€21,323 | +103.2% |
| Financial debts | 170/4 | €20,651 | €41,974 | +€21,323 | +103.2% |
| Amounts payable within one year | 42/48 | €167,881 | €167,161 | -€720 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €28,466 | €25,885 | -€2,581 | -9.1% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €41,826 | €45,318 | +€3,492 | +8.3% |
| Suppliers | 440/4 | €41,826 | €45,318 | +€3,492 | +8.3% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €4,762 | €6,790 | +€2,028 | +42.6% |
| Taxes | 450/3 | €3,589 | €4,491 | +€902 | +25.1% |
| Remuneration and social security | 454/9 | €1,174 | €2,299 | +€1,126 | +95.9% |
| Other amounts payable | 47/48 | €62,828 | €58,969 | -€3,859 | -6.1% |
| Remuneration, social security and pensions | 62 | €40,729 | €38,364 | -€2,365 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,074 | €34,402 | +€4,328 | +14.4% |
| Other operating charges | 640/8 | €6,321 | €7,144 | +€823 | +13.0% |
| Non-recurring operating charges | 66A | €18,494 | - | -€18,494 | |
| Gross operating margin | 9900 | €98,147 | €61,409 | -€36,738 | -37.4% |
| Operating profit (loss) | 9901 | €2,529 | -€18,501 | -€21,030 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +6.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +6.3% |
| Financial charges | 65/66B | €9,452 | €7,601 | -€1,850 | -19.6% |
| Recurring financial charges | 65 | €9,452 | €7,601 | -€1,850 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,922 | -€26,102 | -€19,179 | -277.1% |
| Income taxes | 67/77 | €830 | €4,327 | +€3,497 | +421.1% |
| Profit (loss) for the period | 9904 | -€7,753 | -€30,429 | -€22,676 | -292.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,753 | -€30,429 | -€22,676 | -292.5% |
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 30 September 2026 via checked.be.