AGRIFREEZ: 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.
What changed
AGRIFREEZ
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · -€6.1m+€10.7m
Equity
€13.4m
2024 · €9.0m+€4.5m
Cash
€279,144
2024 · €509,098-€229,954
Balance sheet total
€26.5m
2024 · €25.0m+€1.5m
Largest movements
Assets
- Current investments +€1.5m
new in 2025: €1.5m
- Receivables within one year +€400,826
up €400,826 (+2.7%), from €15.0m to €15.4m
of which Other amounts receivable: +€408,261
Equity and liabilities
- Profit (loss) carried forward +€3.9m
up €3.9m, from -€3.9m to €0
- Other debts -€2.7m
down €2.7m (-23.4%), from €11.6m to €8.9m
- Reserves +€523,298
up €523,298 (+660%), from €79,228 to €602,526
of which Distributable reserves: +€493,298
- Debts after one year -€325,146
down €325,146 (-8.4%), from €3.9m to €3.6m
of which Other amounts payable: -€3.0m
Income statement
- Turnover +€18.2m
new in 2025: €18.2m
- Goods and materials +€17.1m
new in 2025: €17.1m
of which Purchases: +€16.9m
- Financial charges -€7.3m
down €7.3m (-91.6%), from €8.0m to €669,857
of which Non-recurring financial charges: -€7.3m
- Financial income +€3.0m
up €3.0m (+580%), from €514,419 to €3.5m
- Gross operating margin -€1.4m
no longer reported in 2025 (was €1.4m)
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.
Result 2024
-€6.1m
Turnover
+€18.2m
Other operating income
+€929,253
Goods and materials
-€17.1m
Services and other goods
-€222,357
Staff costs
+€2,076
Depreciation
-€3,419
Other operating charges
+€870
Other operating items
-€1.4m
Financial income
+€3.0m
Financial charges
+€7.3m
Taxes
-€43,759
Result 2025
€4.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€1.5m
Financing
-€361,146
Cash 2024
€509,098
From operations (derived)
+€1.7m
Net result for the year
+€4.5m
Depreciation
+€30,549
Receivables after one year
+€48,022
Stocks and contracts
+€137,899
Receivables within one year
-€400,826
Trade debts
+€13,025
Tax, wage and social debts
+€37,167
Other debts
-€2.7m
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€24,854
Current investments
-€1.5m
Financing
-€361,146
Debts after one year
-€325,146
Contributions, distributions and other
-€36,000
Cash 2025
€279,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,013,196 | €26,492,451 | +€1.5m | +5.9% |
| Fixed assets | 21/28 | €8,986,052 | €8,980,357 | -€5,696 | -0.1% |
| Tangible fixed assets | 22/27 | €198,902 | €193,207 | -€5,696 | -2.9% |
| Land and buildings | 22 | €134,723 | €134,723 | = | 0.0% |
| Furniture and vehicles | 24 | €54,772 | €55,204 | +€431 | +0.8% |
| Other tangible fixed assets | 26 | €9,407 | €3,280 | -€6,127 | -65.1% |
| Financial fixed assets | 28 | €8,787,150 | €8,787,150 | = | 0.0% |
| Affiliated companies | 280/1 | - | €8,784,750 | +€8.8m | |
| Participating interests | 280 | - | €8,784,750 | +€8.8m | |
| Companies linked by participating interests | 282/3 | - | €2,400 | +€2,400 | |
| Participating interests | 282 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €16,027,144 | €17,512,095 | +€1.5m | +9.3% |
| Amounts receivable after more than one year | 29 | €88,755 | €40,733 | -€48,022 | -54.1% |
| Other amounts receivable | 291 | €88,755 | €40,733 | -€48,022 | -54.1% |
| Stocks and contracts in progress | 3 | €444,641 | €306,742 | -€137,899 | -31.0% |
| Stocks | 30/36 | €444,641 | €306,742 | -€137,899 | -31.0% |
| Goods purchased for resale | 34 | - | €306,742 | +€306,742 | |
| Amounts receivable within one year | 40/41 | €14,984,650 | €15,385,475 | +€400,826 | +2.7% |
| Trade receivables | 40 | €28,830 | €21,395 | -€7,435 | -25.8% |
| Other amounts receivable | 41 | €14,955,820 | €15,364,080 | +€408,261 | +2.7% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Other investments | 51/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €509,098 | €279,144 | -€229,954 | -45.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €25,013,196 | €26,492,451 | +€1.5m | +5.9% |
| Equity | 10/15 | €8,964,292 | €13,437,276 | +€4.5m | +49.9% |
| Contributions | 10/11 | €12,834,750 | €12,834,750 | = | 0.0% |
| Capital | 10 | €12,834,750 | €12,834,750 | = | 0.0% |
| Issued capital | 100 | €12,834,750 | €12,834,750 | = | 0.0% |
| Reserves | 13 | €79,228 | €602,526 | +€523,298 | +660% |
| Non-distributable reserves | 130/1 | €79,000 | €109,000 | +€30,000 | +38.0% |
| Legal reserve | 130 | €79,000 | €109,000 | +€30,000 | +38.0% |
| Tax-exempt reserves | 132 | €228 | €228 | = | 0.0% |
| Distributable reserves | 133 | €0 | €493,298 | +€493,298 | |
| Profit (loss) carried forward | 14 | -€3,949,686 | €0 | +€3.9m | |
| Amounts payable | 17/49 | €16,048,904 | €13,055,175 | -€3.0m | -18.7% |
| Amounts payable after more than one year | 17 | €3,882,213 | €3,557,067 | -€325,146 | -8.4% |
| Financial debts | 170/4 | €882,213 | €3,557,067 | +€2.7m | +303% |
| Subordinated loans | 170 | - | €457,067 | +€457,067 | |
| Other loans | 174 | - | €3,100,000 | +€3.1m | |
| Other amounts payable | 178/9 | €3,000,000 | - | -€3.0m | |
| Amounts payable within one year | 42/48 | €12,166,691 | €9,498,108 | -€2.7m | -21.9% |
| Trade debts | 44 | €512,583 | €525,607 | +€13,025 | +2.5% |
| Suppliers | 440/4 | €512,583 | €525,607 | +€13,025 | +2.5% |
| Taxes, remuneration and social security | 45 | €14,391 | €51,558 | +€37,167 | +258% |
| Taxes | 450/3 | €877 | €48,857 | +€47,980 | +5,471% |
| Remuneration and social security | 454/9 | €13,514 | €2,701 | -€10,813 | -80.0% |
| Other amounts payable | 47/48 | €11,639,717 | €8,920,943 | -€2.7m | -23.4% |
| Operating income | 70/76A | - | €19,116,404 | +€19.1m | |
| Turnover | 70 | - | €18,187,151 | +€18.2m | |
| Other operating income | 74 | - | €929,253 | +€929,253 | |
| Operating charges | 60/66A | - | €17,388,326 | +€17.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €17,072,168 | +€17.1m | |
| Purchases | 600/8 | - | €16,934,269 | +€16.9m | |
| Change in stocks: decrease (increase) | 609 | - | €137,899 | +€137,899 | |
| Services and other goods | 61 | - | €222,357 | +€222,357 | |
| Remuneration, social security and pensions | 62 | €62,649 | €60,573 | -€2,076 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,130 | €30,549 | +€3,419 | +12.6% |
| Other operating charges | 640/8 | €3,549 | €2,679 | -€870 | -24.5% |
| Gross operating margin | 9900 | €1,421,751 | - | -€1.4m | |
| Operating profit (loss) | 9901 | €1,328,423 | €1,728,078 | +€399,655 | +30.1% |
| Financial income | 75/76B | €514,419 | €3,495,763 | +€3.0m | +580% |
| Recurring financial income | 75 | €514,419 | €3,495,763 | +€3.0m | +580% |
| Income from financial fixed assets | 750 | - | €2,970,000 | +€3.0m | |
| Income from current assets | 751 | - | €512,972 | +€512,972 | |
| Other financial income | 752/9 | - | €12,791 | +€12,791 | |
| Financial charges | 65/66B | €7,984,193 | €669,857 | -€7.3m | -91.6% |
| Recurring financial charges | 65 | €656,413 | €669,857 | +€13,444 | +2.0% |
| Debt charges | 650 | - | €669,572 | +€669,572 | |
| Other financial charges | 652/9 | - | €285 | +€285 | |
| Non-recurring financial charges | 66B | €7,327,780 | €0 | -€7.3m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€6,141,350 | €4,553,984 | +€10.7m | |
| Income taxes | 67/77 | €1,241 | €45,000 | +€43,759 | +3,525% |
| Taxes | 670/3 | - | €45,000 | +€45,000 | |
| Profit (loss) for the period | 9904 | -€6,142,592 | €4,508,984 | +€10.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,142,592 | €4,508,984 | +€10.7m |
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 31 October 2026 via checked.be.