Frigilunch: 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.
What changed
Frigilunch
NACE 10.850, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €523,749+€1.7m
Equity
€7.7m
2024 · €9.7m-€2.0m
Cash
€1.0m
2024 · €78,248+€954,650
Balance sheet total
€19.1m
2024 · €19.2m-€95,024
Largest movements
Assets
- Cash +€954,650
up €954,650 (+1220.0%), from €78,248 to €1.0m
mainly Other debts (+€3.0m) and Net result for the year (+€2.2m)
- Tangible fixed assets -€383,873
down €383,873 (-8.7%), from €4.4m to €4.0m
of which Leasing and similar rights: -€451,524
- Receivables after one year -€349,874
down €349,874 (-23.9%), from €1.5m to €1.1m
- Stocks and contracts -€320,052
down €320,052 (-6.3%), from €5.1m to €4.8m
Equity and liabilities
- Other debts +€3.0m
up €3.0m (+1008473.0%), from €300 to €3.0m
- Profit (loss) carried forward -€2.0m
down €2.0m (-94.5%), from €2.1m to €118,895
- Debts after one year -€595,390
down €595,390 (-32.0%), from €1.9m to €1.3m
- Current portion of long-term debt -€275,159
down €275,159 (-38.2%), from €720,549 to €445,390
Income statement
- Turnover +€10.0m
up €10.0m (+37.9%), from €26.5m to €36.6m
- Goods and materials +€4.8m
up €4.8m (+30.5%), from €15.7m to €20.5m
of which Purchases: +€4.4m
- Services and other goods +€1.3m
up €1.3m (+22.7%), from €5.8m to €7.1m
- Staff costs +€625,263
up €625,263 (+13.6%), from €4.6m to €5.2m
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.
Result 2024
€523,749
Turnover
+€10.0m
Other operating income
+€152,604
Goods and materials
-€4.8m
Services and other goods
-€1.3m
Staff costs
-€625,263
Depreciation
-€36,525
Write-downs
-€37,501
Other operating charges
-€27,394
Other operating items
-€1.4m
Financial income
+€33
Financial charges
+€29,903
Taxes
-€299,991
Result 2025
€2.2m
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.
From operations
+€7.1m
Investment
-€1.0m
Financing
-€5.1m
Cash 2024
€78,248
From operations (derived)
+€7.1m
Net result for the year
+€2.2m
Depreciation
+€1.4m
Receivables after one year
+€349,874
Stocks and contracts
+€320,052
Receivables within one year
-€87,846
Deferred charges and accrued income
+€68,505
Trade debts
-€156,962
Tax, wage and social debts
-€74,668
Other debts
+€3.0m
Accrued charges and deferred income
+€5,534
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€5.1m
Debts after one year
-€595,390
Current portion of long-term debt
-€275,159
Contributions, distributions and other
-€4.2m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,216,490 | €19,121,467 | -€95,024 | -0.5% |
| Fixed assets | 21/28 | €7,994,984 | €7,595,895 | -€399,088 | -5.0% |
| Intangible fixed assets | 21 | €258,133 | €242,918 | -€15,216 | -5.9% |
| Tangible fixed assets | 22/27 | €4,413,588 | €4,029,715 | -€383,873 | -8.7% |
| Land and buildings | 22 | €962,315 | €1,053,310 | +€90,995 | +9.5% |
| Plant, machinery and equipment | 23 | €1,430,928 | €1,331,172 | -€99,756 | -7.0% |
| Furniture and vehicles | 24 | €55,125 | €131,537 | +€76,412 | +138.6% |
| Leasing and similar rights | 25 | €1,965,220 | €1,513,696 | -€451,524 | -23.0% |
| Financial fixed assets | 28 | €3,323,263 | €3,323,263 | = | 0.0% |
| Affiliated companies | 280/1 | €3,313,298 | €3,313,298 | = | 0.0% |
| Participating interests | 280 | €3,313,298 | €3,313,298 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,965 | €9,965 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,965 | €9,965 | = | 0.0% |
| Current assets | 29/58 | €11,221,507 | €11,525,571 | +€304,065 | +2.7% |
| Amounts receivable after more than one year | 29 | €1,461,931 | €1,112,057 | -€349,874 | -23.9% |
| Other amounts receivable | 291 | €1,461,931 | €1,112,057 | -€349,874 | -23.9% |
| Stocks and contracts in progress | 3 | €5,091,640 | €4,771,588 | -€320,052 | -6.3% |
| Stocks | 30/36 | €5,091,640 | €4,771,588 | -€320,052 | -6.3% |
| Raw materials and consumables | 30/31 | €1,818,792 | €1,455,754 | -€363,039 | -20.0% |
| Finished goods | 33 | €3,272,847 | €3,315,834 | +€42,987 | +1.3% |
| Amounts receivable within one year | 40/41 | €4,390,348 | €4,478,194 | +€87,846 | +2.0% |
| Trade receivables | 40 | €3,841,047 | €4,225,081 | +€384,034 | +10.0% |
| Other amounts receivable | 41 | €549,301 | €253,113 | -€296,188 | -53.9% |
| Cash at bank and in hand | 54/58 | €78,248 | €1,032,898 | +€954,650 | +1220.0% |
| Deferred charges and accrued income | 490/1 | €199,340 | €130,835 | -€68,505 | -34.4% |
| Total equity and liabilities | 10/49 | €19,216,490 | €19,121,467 | -€95,024 | -0.5% |
| Equity | 10/15 | €9,727,571 | €7,703,774 | -€2.0m | -20.8% |
| Contributions | 10/11 | €286,900 | €286,900 | = | 0.0% |
| Capital | 10 | €286,900 | €286,900 | = | 0.0% |
| Issued capital | 100 | €286,900 | €286,900 | = | 0.0% |
| Reserves | 13 | €7,297,979 | €7,297,979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,879 | €35,879 | = | 0.0% |
| Legal reserve | 130 | €28,690 | €28,690 | = | 0.0% |
| Other | 1319 | €7,189 | €7,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,764 | €66,764 | = | 0.0% |
| Distributable reserves | 133 | €7,195,336 | €7,195,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,142,692 | €118,895 | -€2.0m | -94.5% |
| Amounts payable | 17/49 | €9,488,919 | €11,417,693 | +€1.9m | +20.3% |
| Amounts payable after more than one year | 17 | €1,861,800 | €1,266,410 | -€595,390 | -32.0% |
| Financial debts | 170/4 | €1,861,800 | €1,266,410 | -€595,390 | -32.0% |
| Leasing and similar obligations | 172 | €1,711,800 | €1,266,410 | -€445,390 | -26.0% |
| Credit institutions | 173 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €7,584,885 | €10,103,514 | +€2.5m | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €720,549 | €445,390 | -€275,159 | -38.2% |
| Trade debts | 44 | €5,778,697 | €5,621,735 | -€156,962 | -2.7% |
| Suppliers | 440/4 | €5,778,697 | €5,621,735 | -€156,962 | -2.7% |
| Taxes, remuneration and social security | 45 | €1,085,339 | €1,010,671 | -€74,668 | -6.9% |
| Taxes | 450/3 | €410,584 | €287,917 | -€122,667 | -29.9% |
| Remuneration and social security | 454/9 | €674,756 | €722,754 | +€47,998 | +7.1% |
| Other amounts payable | 47/48 | €300 | €3,025,719 | +€3.0m | +1008473.0% |
| Accrued charges and deferred income | 492/3 | €42,234 | €47,768 | +€5,534 | +13.1% |
| Operating income | 70/76A | €28,325,831 | €37,113,436 | +€8.8m | +31.0% |
| Turnover | 70 | €26,545,257 | €36,594,935 | +€10.0m | +37.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,258,809 | €42,987 | -€1.2m | -96.6% |
| Own construction capitalised | 72 | €202,454 | - | -€202,454 | |
| Other operating income | 74 | €319,310 | €471,914 | +€152,604 | +47.8% |
| Non-recurring operating income | 76A | - | €3,600 | +€3,600 | |
| Operating charges | 60/66A | €27,531,961 | €34,371,638 | +€6.8m | +24.8% |
| Goods for resale, raw materials and consumables | 60 | €15,688,387 | €20,480,572 | +€4.8m | +30.5% |
| Purchases | 600/8 | €15,756,980 | €20,117,534 | +€4.4m | +27.7% |
| Change in stocks: decrease (increase) | 609 | -€68,594 | €363,039 | +€431,632 | |
| Services and other goods | 61 | €5,762,369 | €7,069,772 | +€1.3m | +22.7% |
| Remuneration, social security and pensions | 62 | €4,589,365 | €5,214,628 | +€625,263 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,371,778 | €1,408,303 | +€36,525 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,501 | - | +€37,501 | |
| Other operating charges | 640/8 | €60,489 | €87,883 | +€27,394 | +45.3% |
| Non-recurring operating charges | 66A | €97,073 | €110,480 | +€13,406 | +13.8% |
| Operating profit (loss) | 9901 | €793,870 | €2,741,798 | +€1.9m | +245.4% |
| Financial income | 75/76B | €32,047 | €32,081 | +€33 | +0.1% |
| Recurring financial income | 75 | €32,047 | €32,081 | +€33 | +0.1% |
| Income from current assets | 751 | €32,008 | €32,076 | +€69 | +0.2% |
| Other financial income | 752/9 | €40 | €4 | -€35 | -89.3% |
| Financial charges | 65/66B | €162,773 | €132,870 | -€29,903 | -18.4% |
| Recurring financial charges | 65 | €162,773 | €132,870 | -€29,903 | -18.4% |
| Debt charges | 650 | €148,505 | €128,838 | -€19,667 | -13.2% |
| Other financial charges | 652/9 | €14,269 | €4,033 | -€10,236 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €663,144 | €2,641,008 | +€2.0m | +298.3% |
| Income taxes | 67/77 | €139,395 | €439,386 | +€299,991 | +215.2% |
| Taxes | 670/3 | €139,395 | €439,386 | +€299,991 | +215.2% |
| Profit (loss) for the period | 9904 | €523,749 | €2,201,622 | +€1.7m | +320.4% |
| Profit (loss) for the period to be appropriated | 9905 | €523,749 | €2,201,622 | +€1.7m | +320.4% |
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 29 September 2026 via checked.be.