FRIGAST: 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.
FRIGAST
Largest movements
- Tangible fixed assets -€160,479
down €160,479 (-5.6%), from €2.8m to €2.7m
of which Other tangible fixed assets: -€155,906
- Cash +€57,015
up €57,015 (+84.5%), from €67,501 to €124,516
mainly Depreciation (+€160,479) and Tax, wage and social debts (+€1,019)
- Revaluation surpluses -€74,317
down €74,317 (-3.1%), from €2.4m to €2.3m
- Reserves +€74,317
up €74,317 (+11.0%), from €676,695 to €751,012
of which Distributable reserves: +€74,317
- Profit (loss) carried forward -€69,338
down €69,338 (-92.3%), from -€75,090 to -€144,427
- Gross operating margin +€4,052
up €4,052 (+2.3%), from €172,536 to €176,588
- Taxes +€2,321
up €2,321 (+213%), from €1,090 to €3,411
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 | €3,550,049 | €3,447,194 | -€102,854 | -2.9% |
| Fixed assets | 21/28 | €2,844,422 | €2,683,943 | -€160,479 | -5.6% |
| Tangible fixed assets | 22/27 | €2,844,422 | €2,683,943 | -€160,479 | -5.6% |
| Furniture and vehicles | 24 | €4,574 | - | -€4,574 | |
| Other tangible fixed assets | 26 | €2,839,848 | €2,683,943 | -€155,906 | -5.5% |
| Current assets | 29/58 | €705,626 | €763,252 | +€57,625 | +8.2% |
| Amounts receivable after more than one year | 29 | €616,000 | €616,000 | = | 0.0% |
| Other amounts receivable | 291 | €616,000 | €616,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,125 | €22,735 | +€610 | +2.8% |
| Trade receivables | 40 | - | €485 | +€485 | |
| Other amounts receivable | 41 | €22,125 | €22,250 | +€125 | +0.6% |
| Cash at bank and in hand | 54/58 | €67,501 | €124,516 | +€57,015 | +84.5% |
| Total equity and liabilities | 10/49 | €3,550,049 | €3,447,194 | -€102,854 | -2.9% |
| Equity | 10/15 | €3,419,083 | €3,349,745 | -€69,338 | -2.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,367,478 | €2,293,160 | -€74,317 | -3.1% |
| Reserves | 13 | €676,695 | €751,012 | +€74,317 | +11.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €631,695 | €706,012 | +€74,317 | +11.8% |
| Profit (loss) carried forward | 14 | -€75,090 | -€144,427 | -€69,338 | -92.3% |
| Amounts payable | 17/49 | €130,966 | €97,449 | -€33,517 | -25.6% |
| Amounts payable after more than one year | 17 | €5,919 | €5,919 | = | 0.0% |
| Other amounts payable | 178/9 | €5,919 | €5,919 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,047 | €91,530 | -€33,517 | -26.8% |
| Financial debts | 43 | €65,790 | €65,790 | = | 0.0% |
| Credit institutions | 430/8 | €65,790 | €65,790 | = | 0.0% |
| Trade debts | 44 | €56,160 | €21,624 | -€34,536 | -61.5% |
| Suppliers | 440/4 | €56,160 | €21,624 | -€34,536 | -61.5% |
| Taxes, remuneration and social security | 45 | €3,097 | €4,116 | +€1,019 | +32.9% |
| Taxes | 450/3 | €440 | €869 | +€429 | +97.4% |
| Remuneration and social security | 454/9 | €2,657 | €3,248 | +€591 | +22.2% |
| Remuneration, social security and pensions | 62 | €33,686 | €35,254 | +€1,568 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,151 | €160,479 | -€671 | -0.4% |
| Other operating charges | 640/8 | €56,723 | €57,173 | +€451 | +0.8% |
| Gross operating margin | 9900 | €172,536 | €176,588 | +€4,052 | +2.3% |
| Operating profit (loss) | 9901 | -€79,023 | -€76,318 | +€2,705 | +3.4% |
| Financial income | 75/76B | €13,383 | €14,315 | +€932 | +7.0% |
| Recurring financial income | 75 | €13,383 | €14,315 | +€932 | +7.0% |
| Financial charges | 65/66B | €4,137 | €3,924 | -€214 | -5.2% |
| Recurring financial charges | 65 | €4,137 | €3,924 | -€214 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€69,777 | -€65,927 | +€3,850 | +5.5% |
| Income taxes | 67/77 | €1,090 | €3,411 | +€2,321 | +213% |
| Profit (loss) for the period | 9904 | -€70,867 | -€69,338 | +€1,529 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,867 | -€69,338 | +€1,529 | +2.2% |
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 17 October 2026 via checked.be.