FRIGERA: 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.
What changed
FRIGERA
NACE 10.920, Manufacture of food products
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€423,221
31-12-2024 · -€63,459+€486,680
Equity
€4.5m
31-12-2024 · €4.1m+€423,221
Cash
€1.8m
31-12-2024 · €242,923+€1.5m
Balance sheet total
€17.5m
31-12-2024 · €9.7m+€7.8m
Largest movements
Assets
- Tangible fixed assets +€7.3m
up €7.3m (+198%), from €3.7m to €10.9m
of which Land and buildings: +€5.2m
- Cash +€1.5m
up €1.5m (+628%), from €242,923 to €1.8m
mainly Debts after one year (+€5.9m) and Trade debts (+€1.4m)
- Stocks and contracts -€1.1m
down €1.1m (-36.1%), from €3.1m to €2.0m
Equity and liabilities
- Debts after one year +€5.9m
up €5.9m (+585%), from €1.0m to €6.9m
- Trade debts +€1.4m
up €1.4m (+72.7%), from €2.0m to €3.4m
- Profit (loss) carried forward +€576,204
up €576,204 (+21.2%), from €2.7m to €3.3m
Income statement
- Gross operating margin +€794,184
up €794,184 (+35.1%), from €2.3m to €3.1m
- Taxes +€159,718
up €159,718 (+213%), from €74,960 to €234,679
- Depreciation +€130,369
up €130,369 (+30.4%), from €428,902 to €559,272
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€63,459
Gross operating margin
+€794,184
Staff costs
+€20,242
Depreciation
-€130,369
Write-downs
+€16,893
Other operating charges
-€21,652
Other operating items
-€18,201
Financial income
+€6,320
Financial charges
-€12,345
Taxes
-€159,718
Deferred taxes and other
-€8,674
Result 31-12-2025
€423,221
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.5m
Investment
-€7.8m
Financing
+€5.9m
Cash 31-12-2024
€242,923
From operations (derived)
+€3.5m
Net result for the year
+€423,221
Depreciation
+€559,272
Stocks and contracts
+€1.1m
Receivables within one year
-€142,247
Smaller working-capital items
-€9,441
Provisions
-€50,994
Trade debts
+€1.4m
Tax, wage and social debts
+€150,744
Advances received
-€25,153
Other debts
-€27,619
Investment (derived)
-€7.8m
Investment in fixed assets (net)
-€7.8m
Financing
+€5.9m
Debts after one year
+€5.9m
Cash 31-12-2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,719,377 | €17,488,563 | +€7.8m | +79.9% |
| Fixed assets | 21/28 | €3,805,978 | €11,033,064 | +€7.2m | +190% |
| Intangible fixed assets | 21 | €134,623 | €101,424 | -€33,200 | -24.7% |
| Tangible fixed assets | 22/27 | €3,671,354 | €10,931,640 | +€7.3m | +198% |
| Land and buildings | 22 | €2,945,792 | €8,113,598 | +€5.2m | +175% |
| Plant, machinery and equipment | 23 | €325,970 | €2,442,577 | +€2.1m | +649% |
| Furniture and vehicles | 24 | €399,593 | €375,465 | -€24,127 | -6.0% |
| Current assets | 29/58 | €5,913,399 | €6,455,499 | +€542,100 | +9.2% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Trade receivables | 290 | €45,000 | €45,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,140,001 | €2,006,389 | -€1.1m | -36.1% |
| Stocks | 30/36 | €3,140,001 | €2,006,389 | -€1.1m | -36.1% |
| Amounts receivable within one year | 40/41 | €2,457,158 | €2,599,404 | +€142,247 | +5.8% |
| Trade receivables | 40 | €1,855,663 | €2,121,861 | +€266,198 | +14.3% |
| Other amounts receivable | 41 | €601,494 | €477,543 | -€123,951 | -20.6% |
| Cash at bank and in hand | 54/58 | €242,923 | €1,768,848 | +€1.5m | +628% |
| Deferred charges and accrued income | 490/1 | €28,317 | €35,859 | +€7,541 | +26.6% |
| Total equity and liabilities | 10/49 | €9,719,377 | €17,488,563 | +€7.8m | +79.9% |
| Equity | 10/15 | €4,094,333 | €4,517,554 | +€423,221 | +10.3% |
| 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 | €1,310,479 | €1,157,496 | -€152,983 | -11.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,304,279 | €1,151,296 | -€152,983 | -11.7% |
| Profit (loss) carried forward | 14 | €2,721,855 | €3,298,059 | +€576,204 | +21.2% |
| Provisions and deferred taxes | 16 | €434,760 | €383,765 | -€50,994 | -11.7% |
| Deferred taxes | 168 | €434,760 | €383,765 | -€50,994 | -11.7% |
| Amounts payable | 17/49 | €5,190,284 | €12,587,244 | +€7.4m | +143% |
| Amounts payable after more than one year | 17 | €1,000,000 | €6,854,367 | +€5.9m | +585% |
| Financial debts | 170/4 | €1,000,000 | €6,854,367 | +€5.9m | +585% |
| Amounts payable within one year | 42/48 | €4,188,384 | €5,732,877 | +€1.5m | +36.9% |
| Trade debts | 44 | €1,988,574 | €3,435,095 | +€1.4m | +72.7% |
| Suppliers | 440/4 | €1,988,574 | €3,435,095 | +€1.4m | +72.7% |
| Advances received on contracts in progress | 46 | €33,459 | €8,306 | -€25,153 | -75.2% |
| Taxes, remuneration and social security | 45 | €236,833 | €387,577 | +€150,744 | +63.7% |
| Taxes | 450/3 | €49,870 | €182,602 | +€132,732 | +266% |
| Remuneration and social security | 454/9 | €186,963 | €204,975 | +€18,012 | +9.6% |
| Other amounts payable | 47/48 | €1,929,518 | €1,901,899 | -€27,619 | -1.4% |
| Accrued charges and deferred income | 492/3 | €1,900 | - | -€1,900 | |
| Remuneration, social security and pensions | 62 | €1,626,691 | €1,606,449 | -€20,242 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428,902 | €559,272 | +€130,369 | +30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€16,893 | -€16,893 | |
| Other operating charges | 640/8 | €26,337 | €47,989 | +€21,652 | +82.2% |
| Non-recurring operating charges | 66A | - | €18,201 | +€18,201 | |
| Gross operating margin | 9900 | €2,264,098 | €3,058,283 | +€794,184 | +35.1% |
| Operating profit (loss) | 9901 | €182,168 | €843,265 | +€661,097 | +363% |
| Financial income | 75/76B | €14,286 | €20,606 | +€6,320 | +44.2% |
| Recurring financial income | 75 | €14,286 | €20,606 | +€6,320 | +44.2% |
| Financial charges | 65/66B | €244,621 | €256,966 | +€12,345 | +5.0% |
| Recurring financial charges | 65 | €243,940 | €256,966 | +€13,026 | +5.3% |
| Non-recurring financial charges | 66B | €681 | - | -€681 | |
| Profit (loss) for the period before taxes | 9903 | -€48,167 | €606,905 | +€655,072 | |
| Transfer from deferred taxes | 780 | €59,668 | €50,994 | -€8,674 | -14.5% |
| Income taxes | 67/77 | €74,960 | €234,679 | +€159,718 | +213% |
| Profit (loss) for the period | 9904 | -€63,459 | €423,221 | +€486,680 | |
| Transfer from tax-exempt reserves | 789 | €179,004 | €152,983 | -€26,021 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,544 | €576,204 | +€460,660 | +399% |
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 14 October 2026 via checked.be.