EUROFRESH: what changed
What changed
EUROFRESH
NACE 46.392, Non-specialised wholesale
filed annual accounts (NBB)
Net result for the year
€164,074
2024 · €62,876+€101,198
Equity
€746,946
2024 · €582,872+€164,074
Cash
€239,377
2024 · €179,104+€60,273
Balance sheet total
€1.9m
2024 · €1.8m+€38,019
Largest movements
Assets
- Tangible fixed assets -€79,763
down €79,763 (-9.6%), from €828,715 to €748,952
of which Land and buildings: -€60,862
- Cash +€60,273
up €60,273 (+33.7%), from €179,104 to €239,377
mainly Net result for the year (+€164,074) and Depreciation (+€148,093)
- Receivables within one year +€54,696
up €54,696 (+30.9%), from €177,217 to €231,913
of which Trade receivables: +€57,195
- Intangible fixed assets -€51,660
down €51,660 (-21.7%), from €237,620 to €185,960
- Stocks and contracts +€44,249
up €44,249 (+11.7%), from €379,271 to €423,520
Equity and liabilities
- Reserves +€164,074
up €164,074 (+31.5%), from €520,872 to €684,946
of which Distributable reserves: +€164,074
- Debts after one year -€91,007
down €91,007 (-16.8%), from €540,597 to €449,589
- Short-term financial debts -€75,000
down €75,000 (-26.6%), from €282,000 to €207,000
- Trade debts +€71,401
up €71,401 (+45.4%), from €157,184 to €228,585
Income statement
- Gross operating margin +€177,834
up €177,834 (+34.8%), from €510,885 to €688,719
- Taxes +€39,872
up €39,872 (+81.9%), from €48,688 to €88,560
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.
Result 2024
€62,876
Gross operating margin
+€177,834
Staff costs
-€5,489
Depreciation
-€2,705
Other operating charges
-€1,739
Other operating items
-€24,796
Financial income
-€4,478
Financial charges
+€2,444
Taxes
-€39,872
Result 2025
€164,074
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€253,087
Investment
-€16,670
Financing
-€176,144
Cash 2024
€179,104
From operations (derived)
+€253,087
Net result for the year
+€164,074
Depreciation
+€148,093
Stocks and contracts
-€44,249
Receivables within one year
-€54,696
Deferred charges and accrued income
-€10,224
Trade debts
+€71,401
Tax, wage and social debts
-€3,310
Advances received
-€5,269
Other debts
-€14,906
Accrued charges and deferred income
+€2,174
Investment (derived)
-€16,670
Investment in fixed assets (net)
-€16,670
Financing
-€176,144
Debts after one year
-€91,007
Current portion of long-term debt
-€10,137
Short-term financial debts
-€75,000
Cash 2025
€239,377
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,814,615 | €1,852,634 | +€38,019 | +2.1% |
| Fixed assets | 21/28 | €1,067,467 | €936,044 | -€131,423 | -12.3% |
| Intangible fixed assets | 21 | €237,620 | €185,960 | -€51,660 | -21.7% |
| Tangible fixed assets | 22/27 | €828,715 | €748,952 | -€79,763 | -9.6% |
| Land and buildings | 22 | €743,719 | €682,857 | -€60,862 | -8.2% |
| Plant, machinery and equipment | 23 | €47,658 | €48,327 | +€669 | +1.4% |
| Furniture and vehicles | 24 | €37,338 | €17,767 | -€19,571 | -52.4% |
| Financial fixed assets | 28 | €1,132 | €1,132 | = | 0.0% |
| Current assets | 29/58 | €747,148 | €916,590 | +€169,442 | +22.7% |
| Stocks and contracts in progress | 3 | €379,271 | €423,520 | +€44,249 | +11.7% |
| Stocks | 30/36 | €379,271 | €423,520 | +€44,249 | +11.7% |
| Amounts receivable within one year | 40/41 | €177,217 | €231,913 | +€54,696 | +30.9% |
| Trade receivables | 40 | €147,444 | €204,640 | +€57,195 | +38.8% |
| Other amounts receivable | 41 | €29,773 | €27,273 | -€2,500 | -8.4% |
| Cash at bank and in hand | 54/58 | €179,104 | €239,377 | +€60,273 | +33.7% |
| Deferred charges and accrued income | 490/1 | €11,556 | €21,780 | +€10,224 | +88.5% |
| Total equity and liabilities | 10/49 | €1,814,615 | €1,852,634 | +€38,019 | +2.1% |
| Equity | 10/15 | €582,872 | €746,946 | +€164,074 | +28.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €520,872 | €684,946 | +€164,074 | +31.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,250 | €16,250 | = | 0.0% |
| Distributable reserves | 133 | €498,422 | €662,496 | +€164,074 | +32.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,231,743 | €1,105,688 | -€126,055 | -10.2% |
| Amounts payable after more than one year | 17 | €540,597 | €449,589 | -€91,007 | -16.8% |
| Financial debts | 170/4 | €540,597 | €449,589 | -€91,007 | -16.8% |
| Amounts payable within one year | 42/48 | €691,146 | €653,925 | -€37,221 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €101,144 | €91,007 | -€10,137 | -10.0% |
| Financial debts | 43 | €282,000 | €207,000 | -€75,000 | -26.6% |
| Credit institutions | 430/8 | €282,000 | €207,000 | -€75,000 | -26.6% |
| Trade debts | 44 | €157,184 | €228,585 | +€71,401 | +45.4% |
| Suppliers | 440/4 | €157,184 | €228,585 | +€71,401 | +45.4% |
| Advances received on contracts in progress | 46 | €5,269 | €0 | -€5,269 | -100% |
| Taxes, remuneration and social security | 45 | €45,333 | €42,023 | -€3,310 | -7.3% |
| Taxes | 450/3 | €28,236 | €30,303 | +€2,066 | +7.3% |
| Remuneration and social security | 454/9 | €17,097 | €11,720 | -€5,377 | -31.4% |
| Other amounts payable | 47/48 | €100,216 | €85,310 | -€14,906 | -14.9% |
| Accrued charges and deferred income | 492/3 | - | €2,174 | +€2,174 | |
| Non-recurring operating income | 76A | €8,870 | €1,722 | -€7,147 | -80.6% |
| Remuneration, social security and pensions | 62 | €207,734 | €213,223 | +€5,489 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,388 | €148,093 | +€2,705 | +1.9% |
| Other operating charges | 640/8 | €16,351 | €18,091 | +€1,739 | +10.6% |
| Non-recurring operating charges | 66A | €2,128 | €26,924 | +€24,796 | +1,165% |
| Gross operating margin | 9900 | €510,885 | €688,719 | +€177,834 | +34.8% |
| Operating profit (loss) | 9901 | €139,284 | €282,387 | +€143,103 | +103% |
| Financial income | 75/76B | €24,048 | €19,570 | -€4,478 | -18.6% |
| Recurring financial income | 75 | €24,048 | €19,570 | -€4,478 | -18.6% |
| Financial charges | 65/66B | €51,768 | €49,324 | -€2,444 | -4.7% |
| Recurring financial charges | 65 | €51,768 | €49,324 | -€2,444 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €111,564 | €252,634 | +€141,070 | +126% |
| Income taxes | 67/77 | €48,688 | €88,560 | +€39,872 | +81.9% |
| Profit (loss) for the period | 9904 | €62,876 | €164,074 | +€101,198 | +161% |
| Transfer from tax-exempt reserves | 789 | €50,265 | €0 | -€50,265 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €113,141 | €164,074 | +€50,933 | +45.0% |
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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 6 November 2026 via checked.be.