FRIGAUGAIN: 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.
FRIGAUGAIN
Largest movements
- Receivables within one year -€35,836
down €35,836 (-48.4%), from €74,074 to €38,238
of which Trade receivables: -€39,331
- Cash +€30,099
up €30,099 (+30.0%), from €100,212 to €130,310
mainly Receivables within one year (+€35,836) and Net result for the year (+€28,792)
- Tangible fixed assets +€21,071
up €21,071 (+30.7%), from €68,673 to €89,745
of which Furniture and vehicles: +€25,632
- Deferred charges and accrued income -€4,031
down €4,031 (-47.1%), from €8,558 to €4,527
- Trade debts -€18,407
down €18,407 (-45.5%), from €40,440 to €22,033
- Profit (loss) carried forward +€17,153
up €17,153 (+14.9%), from €114,802 to €131,954
- Debts after one year +€15,889
up €15,889 (+64.1%), from €24,802 to €40,692
- Other debts -€12,003
down €12,003 (-16.4%), from €73,093 to €61,090
- Current portion of long-term debt +€5,974
up €5,974 (+73.4%), from €8,136 to €14,111
- Gross operating margin +€59,565
up €59,565 (+31.2%), from €190,753 to €250,318
- Staff costs +€40,968
up €40,968 (+27.9%), from €147,039 to €188,007
- Taxes +€2,621
up €2,621 (+55.2%), from €4,753 to €7,374
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 | €303,667 | €315,517 | +€11,850 | +3.9% |
| Fixed assets | 21/28 | €70,433 | €91,505 | +€21,071 | +29.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €68,673 | €89,745 | +€21,071 | +30.7% |
| Plant, machinery and equipment | 23 | €8,700 | €5,726 | -€2,974 | -34.2% |
| Furniture and vehicles | 24 | €56,704 | €82,336 | +€25,632 | +45.2% |
| Other tangible fixed assets | 26 | €3,270 | €1,683 | -€1,587 | -48.5% |
| Financial fixed assets | 28 | €1,760 | €1,760 | = | 0.0% |
| Current assets | 29/58 | €233,233 | €224,012 | -€9,221 | -4.0% |
| Stocks and contracts in progress | 3 | €50,390 | €50,937 | +€547 | +1.1% |
| Stocks | 30/36 | €50,390 | €50,937 | +€547 | +1.1% |
| Amounts receivable within one year | 40/41 | €74,074 | €38,238 | -€35,836 | -48.4% |
| Trade receivables | 40 | €73,942 | €34,610 | -€39,331 | -53.2% |
| Other amounts receivable | 41 | €132 | €3,627 | +€3,495 | +2641.8% |
| Cash at bank and in hand | 54/58 | €100,212 | €130,310 | +€30,099 | +30.0% |
| Deferred charges and accrued income | 490/1 | €8,558 | €4,527 | -€4,031 | -47.1% |
| Total equity and liabilities | 10/49 | €303,667 | €315,517 | +€11,850 | +3.9% |
| Equity | 10/15 | €136,112 | €153,264 | +€17,153 | +12.6% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €14,976 | €14,976 | = | 0.0% |
| Distributable reserves | 133 | €14,976 | €14,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,802 | €131,954 | +€17,153 | +14.9% |
| Amounts payable | 17/49 | €167,555 | €162,252 | -€5,303 | -3.2% |
| Amounts payable after more than one year | 17 | €24,802 | €40,692 | +€15,889 | +64.1% |
| Financial debts | 170/4 | €24,802 | €40,692 | +€15,889 | +64.1% |
| Amounts payable within one year | 42/48 | €142,753 | €119,689 | -€23,063 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €8,136 | €14,111 | +€5,974 | +73.4% |
| Trade debts | 44 | €40,440 | €22,033 | -€18,407 | -45.5% |
| Suppliers | 440/4 | €40,440 | €22,033 | -€18,407 | -45.5% |
| Taxes, remuneration and social security | 45 | €21,083 | €22,456 | +€1,373 | +6.5% |
| Taxes | 450/3 | €4,006 | €627 | -€3,379 | -84.4% |
| Remuneration and social security | 454/9 | €17,077 | €21,829 | +€4,752 | +27.8% |
| Other amounts payable | 47/48 | €73,093 | €61,090 | -€12,003 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €1,871 | +€1,871 | |
| Remuneration, social security and pensions | 62 | €147,039 | €188,007 | +€40,968 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,791 | €22,192 | +€1,401 | +6.7% |
| Other operating charges | 640/8 | €4,251 | €1,807 | -€2,444 | -57.5% |
| Gross operating margin | 9900 | €190,753 | €250,318 | +€59,565 | +31.2% |
| Operating profit (loss) | 9901 | €18,671 | €38,311 | +€19,640 | +105.2% |
| Financial income | 75/76B | €25 | €9 | -€16 | -63.1% |
| Recurring financial income | 75 | €25 | €9 | -€16 | -63.1% |
| Financial charges | 65/66B | €1,734 | €2,155 | +€421 | +24.3% |
| Recurring financial charges | 65 | €1,734 | €1,636 | -€98 | -5.7% |
| Non-recurring financial charges | 66B | - | €519 | +€519 | |
| Profit (loss) for the period before taxes | 9903 | €16,963 | €36,166 | +€19,203 | +113.2% |
| Income taxes | 67/77 | €4,753 | €7,374 | +€2,621 | +55.2% |
| Profit (loss) for the period | 9904 | €12,210 | €28,792 | +€16,582 | +135.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,210 | €28,792 | +€16,582 | +135.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.