DE FRIGO: 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.
DE FRIGO
Largest movements
- Tangible fixed assets -€86,589
down €86,589 (-8.1%), from €1.1m to €987,059
- Receivables within one year -€31,064
down €31,064 (-45.7%), from €67,900 to €36,837
of which Trade receivables: -€36,582
- Cash +€26,941
up €26,941 (+75.4%), from €35,723 to €62,664
mainly Depreciation (+€81,344) and Receivables within one year (+€31,064)
- Stocks and contracts -€21,671
down €21,671 (-40.1%), from €54,096 to €32,425
- Advances received -€42,553
down €42,553 (-100%), from €42,553 to €0
- Debts after one year -€41,102
down €41,102 (-8.5%), from €483,531 to €442,429
- Reserves -€22,605
down €22,605 (-7.9%), from €286,585 to €263,981
- Other debts -€22,512
down €22,512 (-7.9%), from €283,338 to €260,826
- Tax, wage and social debts +€15,038
up €15,038 (+45.8%), from €32,817 to €47,855
of which Taxes: +€9,766
- Gross operating margin -€21,672
down €21,672 (-5.1%), from €425,043 to €403,371
- Depreciation -€12,597
down €12,597 (-13.4%), from €93,942 to €81,344
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 | €1,240,618 | €1,126,802 | -€113,816 | -9.2% |
| Fixed assets | 21/28 | €1,073,648 | €987,059 | -€86,589 | -8.1% |
| Tangible fixed assets | 22/27 | €1,073,648 | €987,059 | -€86,589 | -8.1% |
| Land and buildings | 22 | €599,552 | €576,557 | -€22,995 | -3.8% |
| Plant, machinery and equipment | 23 | €61,631 | €47,387 | -€14,244 | -23.1% |
| Furniture and vehicles | 24 | €38,724 | €10,369 | -€28,355 | -73.2% |
| Other tangible fixed assets | 26 | €373,741 | €352,746 | -€20,995 | -5.6% |
| Current assets | 29/58 | €166,969 | €139,743 | -€27,226 | -16.3% |
| Stocks and contracts in progress | 3 | €54,096 | €32,425 | -€21,671 | -40.1% |
| Stocks | 30/36 | €54,096 | €32,425 | -€21,671 | -40.1% |
| Amounts receivable within one year | 40/41 | €67,900 | €36,837 | -€31,064 | -45.7% |
| Trade receivables | 40 | €38,415 | €1,833 | -€36,582 | -95.2% |
| Other amounts receivable | 41 | €29,485 | €35,004 | +€5,519 | +18.7% |
| Cash at bank and in hand | 54/58 | €35,723 | €62,664 | +€26,941 | +75.4% |
| Deferred charges and accrued income | 490/1 | €9,250 | €7,818 | -€1,433 | -15.5% |
| Total equity and liabilities | 10/49 | €1,240,618 | €1,126,802 | -€113,816 | -9.2% |
| Equity | 10/15 | €311,585 | €288,981 | -€22,605 | -7.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €286,585 | €263,981 | -€22,605 | -7.9% |
| Distributable reserves | 133 | €286,585 | €263,981 | -€22,605 | -7.9% |
| Amounts payable | 17/49 | €929,032 | €837,821 | -€91,211 | -9.8% |
| Amounts payable after more than one year | 17 | €483,531 | €442,429 | -€41,102 | -8.5% |
| Financial debts | 170/4 | €483,531 | €442,429 | -€41,102 | -8.5% |
| Amounts payable within one year | 42/48 | €439,301 | €390,724 | -€48,577 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €40,432 | €44,497 | +€4,065 | +10.1% |
| Trade debts | 44 | €40,161 | €37,546 | -€2,615 | -6.5% |
| Suppliers | 440/4 | €40,161 | €37,546 | -€2,615 | -6.5% |
| Advances received on contracts in progress | 46 | €42,553 | €0 | -€42,553 | -100% |
| Taxes, remuneration and social security | 45 | €32,817 | €47,855 | +€15,038 | +45.8% |
| Taxes | 450/3 | €17,998 | €27,764 | +€9,766 | +54.3% |
| Remuneration and social security | 454/9 | €14,819 | €20,092 | +€5,272 | +35.6% |
| Other amounts payable | 47/48 | €283,338 | €260,826 | -€22,512 | -7.9% |
| Accrued charges and deferred income | 492/3 | €6,200 | €4,668 | -€1,532 | -24.7% |
| Non-recurring operating income | 76A | €0 | €3,787 | +€3,787 | |
| Remuneration, social security and pensions | 62 | €319,842 | €318,535 | -€1,307 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,942 | €81,344 | -€12,597 | -13.4% |
| Other operating charges | 640/8 | €6,302 | €6,134 | -€167 | -2.7% |
| Gross operating margin | 9900 | €425,043 | €403,371 | -€21,672 | -5.1% |
| Operating profit (loss) | 9901 | €4,958 | -€2,643 | -€7,601 | |
| Financial income | 75/76B | €179 | €0 | -€179 | -100% |
| Recurring financial income | 75 | €179 | €0 | -€179 | -100% |
| Financial charges | 65/66B | €16,100 | €19,821 | +€3,721 | +23.1% |
| Recurring financial charges | 65 | €16,100 | €19,821 | +€3,721 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,963 | -€22,464 | -€11,501 | -105% |
| Income taxes | 67/77 | €192 | €141 | -€52 | -26.8% |
| Profit (loss) for the period | 9904 | -€11,155 | -€22,605 | -€11,449 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,155 | -€22,605 | -€11,449 | -103% |
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 27 October 2026 via checked.be.