FREeDOM SOLUTION: what changed
FREeDOM SOLUTION
Largest movements
- Tangible fixed assets +€28,014
up €28,014 (+491%), from €5,705 to €33,719
of which Furniture and vehicles: +€23,709
- Cash -€10,622
down €10,622 (-20.2%), from €52,614 to €41,992
mainly Investment in fixed assets (net) (-€36,023) and Other debts (-€5,854)
- Receivables within one year +€5,262
up €5,262 (+33.9%), from €15,517 to €20,779
of which Trade receivables: +€10,784
- Reserves +€15,000
up €15,000 (+14.4%), from €103,860 to €118,860
- Tax, wage and social debts +€8,902
up €8,902 (+73.2%), from €12,161 to €21,062
of which Taxes: +€8,220
- Other debts -€5,854
down €5,854 (-80.7%), from €7,251 to €1,398
- Trade debts +€2,687
up €2,687 (+116%), from €2,315 to €5,002
- Gross operating margin +€23,932
up €23,932 (+56.7%), from €42,180 to €66,112
- Financial income -€10,046
down €10,046 (-85.4%), from €11,758 to €1,713
of which Non-recurring financial income: -€5,201
- Depreciation +€5,433
up €5,433 (+211%), from €2,576 to €8,009
- Taxes +€3,625
up €3,625 (+61.3%), from €5,909 to €9,534
- Staff costs +€2,667
up €2,667 (+10.0%), from €26,655 to €29,322
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 | €162,818 | €184,821 | +€22,003 | +13.5% |
| Fixed assets | 21/28 | €5,980 | €33,994 | +€28,014 | +468% |
| Tangible fixed assets | 22/27 | €5,705 | €33,719 | +€28,014 | +491% |
| Plant, machinery and equipment | 23 | - | €4,305 | +€4,305 | |
| Furniture and vehicles | 24 | €5,705 | €29,414 | +€23,709 | +416% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €156,838 | €150,827 | -€6,011 | -3.8% |
| Amounts receivable within one year | 40/41 | €15,517 | €20,779 | +€5,262 | +33.9% |
| Trade receivables | 40 | €9,994 | €20,779 | +€10,784 | +108% |
| Other amounts receivable | 41 | €5,523 | - | -€5,523 | |
| Current investments | 50/53 | €87,746 | €87,580 | -€167 | -0.2% |
| Cash at bank and in hand | 54/58 | €52,614 | €41,992 | -€10,622 | -20.2% |
| Deferred charges and accrued income | 490/1 | €961 | €477 | -€484 | -50.3% |
| Total equity and liabilities | 10/49 | €162,818 | €184,821 | +€22,003 | +13.5% |
| Equity | 10/15 | €141,092 | €157,359 | +€16,268 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,860 | €118,860 | +€15,000 | +14.4% |
| Distributable reserves | 133 | €103,860 | €118,860 | +€15,000 | +14.4% |
| Profit (loss) carried forward | 14 | €31,032 | €32,299 | +€1,268 | +4.1% |
| Amounts payable | 17/49 | €21,726 | €27,462 | +€5,735 | +26.4% |
| Amounts payable within one year | 42/48 | €21,726 | €27,462 | +€5,735 | +26.4% |
| Trade debts | 44 | €2,315 | €5,002 | +€2,687 | +116% |
| Suppliers | 440/4 | €2,315 | €5,002 | +€2,687 | +116% |
| Taxes, remuneration and social security | 45 | €12,161 | €21,062 | +€8,902 | +73.2% |
| Taxes | 450/3 | €3,761 | €11,981 | +€8,220 | +219% |
| Remuneration and social security | 454/9 | €8,399 | €9,081 | +€682 | +8.1% |
| Other amounts payable | 47/48 | €7,251 | €1,398 | -€5,854 | -80.7% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €26,655 | €29,322 | +€2,667 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,576 | €8,009 | +€5,433 | +211% |
| Other operating charges | 640/8 | €1,698 | €2,989 | +€1,291 | +76.1% |
| Gross operating margin | 9900 | €42,180 | €66,112 | +€23,932 | +56.7% |
| Operating profit (loss) | 9901 | €11,251 | €25,792 | +€14,541 | +129% |
| Financial income | 75/76B | €11,758 | €1,713 | -€10,046 | -85.4% |
| Recurring financial income | 75 | €6,554 | €1,709 | -€4,844 | -73.9% |
| Non-recurring financial income | 76B | €5,205 | €4 | -€5,201 | -99.9% |
| Financial charges | 65/66B | €2,954 | €870 | -€2,084 | -70.6% |
| Recurring financial charges | 65 | €2,951 | €700 | -€2,251 | -76.3% |
| Non-recurring financial charges | 66B | €4 | €170 | +€167 | +4,736% |
| Profit (loss) for the period before taxes | 9903 | €20,055 | €26,635 | +€6,579 | +32.8% |
| Income taxes | 67/77 | €5,909 | €9,534 | +€3,625 | +61.3% |
| Profit (loss) for the period | 9904 | €14,146 | €17,101 | +€2,955 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,146 | €17,101 | +€2,955 | +20.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.