FRIGO GROTECLAES: what changed
What changed
FRIGO GROTECLAES
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
-€84,521
2024 · €41,622-€126,143
Equity
€1.3m
2024 · €1.4m-€87,626
Cash
€1.4m
2024 · €1.3m+€29,399
Balance sheet total
€2.1m
2024 · €2.1m-€92,474
Largest movements
Assets
- Tangible fixed assets -€61,783
down €61,783 (-11.5%), from €538,088 to €476,304
of which Land and buildings: -€49,522
- Stocks and contracts -€34,005
down €34,005 (-20.9%), from €162,626 to €128,621
- Cash +€29,399
up €29,399 (+2.2%), from €1.3m to €1.4m
mainly Depreciation (+€59,841) and Other debts (+€38,322)
- Receivables within one year -€25,370
down €25,370 (-24.3%), from €104,248 to €78,879
of which Trade receivables: -€30,295
Equity and liabilities
- Profit (loss) carried forward -€84,521
down €84,521 (-41.1%), from €205,699 to €121,178
- Other debts +€38,322
up €38,322 (+7.6%), from €504,098 to €542,420
Income statement
- Gross operating margin -€159,258
down €159,258 (-33.4%), from €476,170 to €316,912
- Other operating charges +€22,704
up €22,704 (+132%), from €17,175 to €39,878
- Taxes -€19,245
no longer reported in 2025 (was €19,245)
- Staff costs -€17,189
down €17,189 (-6.2%), from €276,454 to €259,265
- Depreciation -€14,839
down €14,839 (-19.9%), from €74,680 to €59,841
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,622
Gross operating margin
-€159,258
Staff costs
+€17,189
Depreciation
+€14,839
Other operating charges
-€22,704
Other operating items
-€1,689
Financial income
-€341
Financial charges
+€6,576
Taxes
+€19,245
Result 2025
-€84,521
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,561
Investment
+€1,943
Financing
-€3,105
Cash 2024
€1.3m
From operations (derived)
+€30,561
Net result for the year
-€84,521
Depreciation
+€59,841
Stocks and contracts
+€34,005
Receivables within one year
+€25,370
Deferred charges and accrued income
+€715
Trade debts
-€16,226
Tax, wage and social debts
-€19,334
Other debts
+€38,322
Accrued charges and deferred income
-€7,610
Investment (derived)
+€1,943
Investment in fixed assets (net)
+€1,943
Financing
-€3,105
Contributions, distributions and other
-€3,105
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,142,528 | €2,050,054 | -€92,474 | -4.3% |
| Fixed assets | 21/28 | €541,248 | €479,464 | -€61,783 | -11.4% |
| Tangible fixed assets | 22/27 | €538,088 | €476,304 | -€61,783 | -11.5% |
| Land and buildings | 22 | €510,863 | €461,341 | -€49,522 | -9.7% |
| Plant, machinery and equipment | 23 | €14,947 | €8,940 | -€6,007 | -40.2% |
| Furniture and vehicles | 24 | €12,278 | €6,023 | -€6,255 | -50.9% |
| Financial fixed assets | 28 | €3,160 | €3,160 | = | 0.0% |
| Current assets | 29/58 | €1,601,280 | €1,570,589 | -€30,691 | -1.9% |
| Stocks and contracts in progress | 3 | €162,626 | €128,621 | -€34,005 | -20.9% |
| Stocks | 30/36 | €162,626 | €128,621 | -€34,005 | -20.9% |
| Amounts receivable within one year | 40/41 | €104,248 | €78,879 | -€25,370 | -24.3% |
| Trade receivables | 40 | €89,174 | €58,879 | -€30,295 | -34.0% |
| Other amounts receivable | 41 | €15,075 | €20,000 | +€4,925 | +32.7% |
| Cash at bank and in hand | 54/58 | €1,324,651 | €1,354,050 | +€29,399 | +2.2% |
| Deferred charges and accrued income | 490/1 | €9,755 | €9,040 | -€715 | -7.3% |
| Total equity and liabilities | 10/49 | €2,142,528 | €2,050,054 | -€92,474 | -4.3% |
| Equity | 10/15 | €1,429,057 | €1,341,431 | -€87,626 | -6.1% |
| Contributions | 10/11 | €502,145 | €502,145 | = | 0.0% |
| Capital | 10 | €502,145 | €502,145 | = | 0.0% |
| Issued capital | 100 | €502,145 | €502,145 | = | 0.0% |
| Reserves | 13 | €709,651 | €709,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,215 | €50,215 | = | 0.0% |
| Legal reserve | 130 | €50,215 | €50,215 | = | 0.0% |
| Distributable reserves | 133 | €659,437 | €659,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,699 | €121,178 | -€84,521 | -41.1% |
| Investment grants | 15 | €11,562 | €8,457 | -€3,105 | -26.9% |
| Amounts payable | 17/49 | €713,471 | €708,623 | -€4,849 | -0.7% |
| Amounts payable after more than one year | 17 | €109,060 | €109,060 | = | 0.0% |
| Other amounts payable | 178/9 | €109,060 | €109,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €563,548 | €566,310 | +€2,762 | +0.5% |
| Trade debts | 44 | €24,020 | €7,795 | -€16,226 | -67.5% |
| Suppliers | 440/4 | €24,020 | €7,795 | -€16,226 | -67.5% |
| Taxes, remuneration and social security | 45 | €35,429 | €16,095 | -€19,334 | -54.6% |
| Taxes | 450/3 | €9,116 | €14,929 | +€5,813 | +63.8% |
| Remuneration and social security | 454/9 | €26,313 | €1,166 | -€25,147 | -95.6% |
| Other amounts payable | 47/48 | €504,098 | €542,420 | +€38,322 | +7.6% |
| Accrued charges and deferred income | 492/3 | €40,863 | €33,253 | -€7,610 | -18.6% |
| Non-recurring operating income | 76A | €50 | €388 | +€338 | +676% |
| Remuneration, social security and pensions | 62 | €276,454 | €259,265 | -€17,189 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,680 | €59,841 | -€14,839 | -19.9% |
| Other operating charges | 640/8 | €17,175 | €39,878 | +€22,704 | +132% |
| Non-recurring operating charges | 66A | €254 | €1,943 | +€1,689 | +665% |
| Gross operating margin | 9900 | €476,170 | €316,912 | -€159,258 | -33.4% |
| Operating profit (loss) | 9901 | €107,607 | -€44,015 | -€151,622 | |
| Financial income | 75/76B | €3,716 | €3,375 | -€341 | -9.2% |
| Recurring financial income | 75 | €3,716 | €3,375 | -€341 | -9.2% |
| Financial charges | 65/66B | €50,456 | €43,881 | -€6,576 | -13.0% |
| Recurring financial charges | 65 | €50,456 | €43,881 | -€6,576 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €60,866 | -€84,521 | -€145,387 | |
| Income taxes | 67/77 | €19,245 | - | -€19,245 | |
| Profit (loss) for the period | 9904 | €41,622 | -€84,521 | -€126,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,622 | -€84,521 | -€126,143 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.