Frigo - Express: 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.
Frigo - Express
Largest movements
- Receivables within one year -€182,440
down €182,440 (-100.0%), from €182,440 to €0
of which Trade receivables: -€181,230
- Cash -€73,121
down €73,121 (-91.6%), from €79,841 to €6,721
mainly Other debts (-€196,873) and Trade debts (-€22,739)
- Other debts -€196,873
down €196,873 (-97.2%), from €202,516 to €5,643
- Trade debts -€22,739
down €22,739 (-98.3%), from €23,126 to €387
- Tax, wage and social debts -€20,803
down €20,803 (-92.7%), from €22,442 to €1,639
of which Remuneration and social security: -€19,268
- Current portion of long-term debt -€16,883
down €16,883 (-80.2%), from €21,039 to €4,156
- Profit (loss) carried forward +€5,894
up €5,894 (+7.3%), from -€80,226 to -€74,332
- Gross operating margin -€720,120
down €720,120 (-96.4%), from €746,971 to €26,851
- Staff costs -€345,606
down €345,606 (-100.0%), from €345,729 to €123
- Financial charges -€9,463
down €9,463 (-64.2%), from €14,731 to €5,268
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,281 | €6,721 | -€255,560 | -97.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €262,281 | €6,721 | -€255,560 | -97.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €182,440 | €0 | -€182,440 | -100.0% |
| Trade receivables | 40 | €181,230 | €0 | -€181,230 | -100.0% |
| Other amounts receivable | 41 | €1,210 | €0 | -€1,210 | -100.0% |
| Cash at bank and in hand | 54/58 | €79,841 | €6,721 | -€73,121 | -91.6% |
| Total equity and liabilities | 10/49 | €262,281 | €6,721 | -€255,560 | -97.4% |
| Equity | 10/15 | -€21,550 | -€15,656 | +€5,894 | +27.4% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €6,619 | €6,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,140 | €4,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,226 | -€74,332 | +€5,894 | +7.3% |
| Amounts payable | 17/49 | €283,831 | €22,377 | -€261,454 | -92.1% |
| Amounts payable after more than one year | 17 | €14,707 | €10,551 | -€4,156 | -28.3% |
| Financial debts | 170/4 | €14,707 | €10,551 | -€4,156 | -28.3% |
| Amounts payable within one year | 42/48 | €269,124 | €11,826 | -€257,298 | -95.6% |
| Current portion of amounts payable after more than one year | 42 | €21,039 | €4,156 | -€16,883 | -80.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,126 | €387 | -€22,739 | -98.3% |
| Suppliers | 440/4 | €23,126 | €387 | -€22,739 | -98.3% |
| Taxes, remuneration and social security | 45 | €22,442 | €1,639 | -€20,803 | -92.7% |
| Taxes | 450/3 | €3,175 | €1,639 | -€1,536 | -48.4% |
| Remuneration and social security | 454/9 | €19,268 | €0 | -€19,268 | -100.0% |
| Other amounts payable | 47/48 | €202,516 | €5,643 | -€196,873 | -97.2% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €345,729 | €123 | -€345,606 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €8,131 | €3,222 | -€4,908 | -60.4% |
| Non-recurring operating charges | 66A | €201,366 | €11,237 | -€190,129 | -94.4% |
| Gross operating margin | 9900 | €746,971 | €26,851 | -€720,120 | -96.4% |
| Operating profit (loss) | 9901 | €191,746 | €12,269 | -€179,477 | -93.6% |
| Financial income | 75/76B | €44 | €532 | +€488 | +1116.3% |
| Recurring financial income | 75 | €44 | €532 | +€488 | +1116.3% |
| Financial charges | 65/66B | €14,731 | €5,268 | -€9,463 | -64.2% |
| Recurring financial charges | 65 | €14,731 | €5,268 | -€9,463 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €177,058 | €7,533 | -€169,526 | -95.7% |
| Income taxes | 67/77 | - | €1,639 | +€1,639 | |
| Profit (loss) for the period | 9904 | €177,058 | €5,894 | -€171,164 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €177,058 | €5,894 | -€171,164 | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.