FREEZE & STORE: 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.
FREEZE & STORE
Largest movements
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Cash -€150,893
down €150,893 (-23.7%), from €635,760 to €484,867
mainly Contributions, distributions and other (-€339,975) and Current investments (-€250,000)
- Tangible fixed assets -€89,370
down €89,370 (-4.7%), from €1.9m to €1.8m
of which Plant, machinery and equipment: -€104,456
- Receivables within one year +€55,498
up €55,498 (+24.6%), from €225,603 to €281,102
of which Trade receivables: +€35,451
- Deferred charges and accrued income -€29,037
down €29,037 (-57.6%), from €50,439 to €21,402
- Other debts +€38,564
up €38,564 (+14.0%), from €276,219 to €314,783
- Gross operating margin +€24,387
up €24,387 (+3.9%), from €629,035 to €653,422
- Staff costs -€19,728
down €19,728 (-6.3%), from €313,310 to €293,583
- Financial income +€16,794
up €16,794 (+6.9%), from €243,075 to €259,869
- Taxes +€13,701
up €13,701 (+16.8%), from €81,531 to €95,231
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 | €2,801,992 | €2,838,190 | +€36,199 | +1.3% |
| Fixed assets | 21/28 | €1,890,189 | €1,800,820 | -€89,370 | -4.7% |
| Tangible fixed assets | 22/27 | €1,889,892 | €1,800,522 | -€89,370 | -4.7% |
| Land and buildings | 22 | €1,407,756 | €1,407,678 | -€78 | 0.0% |
| Plant, machinery and equipment | 23 | €440,714 | €336,258 | -€104,456 | -23.7% |
| Furniture and vehicles | 24 | €14,650 | €35,993 | +€21,343 | +145.7% |
| Other tangible fixed assets | 26 | €26,771 | €20,593 | -€6,179 | -23.1% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €911,803 | €1,037,371 | +€125,568 | +13.8% |
| Amounts receivable within one year | 40/41 | €225,603 | €281,102 | +€55,498 | +24.6% |
| Trade receivables | 40 | €206,650 | €242,100 | +€35,451 | +17.2% |
| Other amounts receivable | 41 | €18,954 | €39,002 | +€20,048 | +105.8% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €635,760 | €484,867 | -€150,893 | -23.7% |
| Deferred charges and accrued income | 490/1 | €50,439 | €21,402 | -€29,037 | -57.6% |
| Total equity and liabilities | 10/49 | €2,801,992 | €2,838,190 | +€36,199 | +1.3% |
| Equity | 10/15 | €2,353,512 | €2,328,320 | -€25,192 | -1.1% |
| Contributions | 10/11 | €1,194,478 | €1,194,478 | = | 0.0% |
| Capital | 10 | €1,194,478 | €1,194,478 | = | 0.0% |
| Issued capital | 100 | €1,194,478 | €1,194,478 | = | 0.0% |
| Reserves | 13 | €142,129 | €142,129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119,448 | €119,448 | = | 0.0% |
| Legal reserve | 130 | €119,448 | €119,448 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,058 | €1,058 | = | 0.0% |
| Distributable reserves | 133 | €21,623 | €21,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €942,066 | €942,066 | = | 0.0% |
| Investment grants | 15 | €74,838 | €49,646 | -€25,192 | -33.7% |
| Amounts payable | 17/49 | €448,480 | €509,871 | +€61,391 | +13.7% |
| Amounts payable after more than one year | 17 | - | €17,893 | +€17,893 | |
| Financial debts | 170/4 | - | €17,893 | +€17,893 | |
| Amounts payable within one year | 42/48 | €448,480 | €491,977 | +€43,497 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,570 | +€7,570 | |
| Financial debts | 43 | €20 | €20 | -€0 | -0.6% |
| Credit institutions | 430/8 | €20 | €20 | -€0 | -0.6% |
| Trade debts | 44 | €89,993 | €85,055 | -€4,937 | -5.5% |
| Suppliers | 440/4 | €89,993 | €85,055 | -€4,937 | -5.5% |
| Taxes, remuneration and social security | 45 | €82,248 | €84,550 | +€2,301 | +2.8% |
| Taxes | 450/3 | €32,715 | €37,804 | +€5,088 | +15.6% |
| Remuneration and social security | 454/9 | €49,533 | €46,746 | -€2,787 | -5.6% |
| Other amounts payable | 47/48 | €276,219 | €314,783 | +€38,564 | +14.0% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €313,310 | €293,583 | -€19,728 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,448 | €158,973 | +€6,526 | +4.3% |
| Other operating charges | 640/8 | €47,490 | €48,413 | +€922 | +1.9% |
| Non-recurring operating charges | 66A | - | €456 | +€456 | |
| Gross operating margin | 9900 | €629,035 | €653,422 | +€24,387 | +3.9% |
| Operating profit (loss) | 9901 | €115,787 | €151,997 | +€36,210 | +31.3% |
| Financial income | 75/76B | €243,075 | €259,869 | +€16,794 | +6.9% |
| Recurring financial income | 75 | €243,075 | €259,869 | +€16,794 | +6.9% |
| Financial charges | 65/66B | €1,112 | €1,852 | +€739 | +66.5% |
| Recurring financial charges | 65 | €1,112 | €1,852 | +€739 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €357,749 | €410,014 | +€52,265 | +14.6% |
| Income taxes | 67/77 | €81,531 | €95,231 | +€13,701 | +16.8% |
| Profit (loss) for the period | 9904 | €276,219 | €314,783 | +€38,564 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €276,219 | €314,783 | +€38,564 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.