Frigo Ilten: 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 Ilten
Largest movements
- Receivables within one year +€41,966
up €41,966 (+32.6%), from €128,841 to €170,807
of which Trade receivables: +€62,668
- Stocks and contracts -€27,796
down €27,796 (-28.0%), from €99,363 to €71,567
- Tangible fixed assets +€13,919
up €13,919 (+14.6%), from €95,337 to €109,255
of which Leasing and similar rights: +€41,374
- Cash +€9,997
up €9,997 (+8359.0%), from €120 to €10,116
mainly Net result for the year (+€49,222) and Depreciation (+€42,882)
- Reserves +€49,000
up €49,000 (+100.0%), from €49,000 to €98,000
- Other debts -€44,919
down €44,919 (-97.0%), from €46,319 to €1,400
- Debts after one year +€22,636
up €22,636 (+74.9%), from €30,234 to €52,870
- Current portion of long-term debt +€9,352
up €9,352 (+48.6%), from €19,229 to €28,581
- Tax, wage and social debts +€6,284
up €6,284 (+40.0%), from €15,695 to €21,979
of which Taxes: +€6,127
- Gross operating margin +€32,779
up €32,779 (+22.5%), from €145,362 to €178,140
- Staff costs +€27,158
up €27,158 (+80.0%), from €33,949 to €61,107
- Depreciation +€5,750
up €5,750 (+15.5%), from €37,132 to €42,882
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 | €326,942 | €365,912 | +€38,970 | +11.9% |
| Fixed assets | 21/28 | €95,337 | €109,255 | +€13,919 | +14.6% |
| Tangible fixed assets | 22/27 | €95,337 | €109,255 | +€13,919 | +14.6% |
| Plant, machinery and equipment | 23 | €39,201 | €28,748 | -€10,453 | -26.7% |
| Furniture and vehicles | 24 | €53,206 | €37,004 | -€16,202 | -30.5% |
| Leasing and similar rights | 25 | - | €41,374 | +€41,374 | |
| Other tangible fixed assets | 26 | €2,930 | €2,130 | -€800 | -27.3% |
| Current assets | 29/58 | €231,605 | €256,657 | +€25,052 | +10.8% |
| Stocks and contracts in progress | 3 | €99,363 | €71,567 | -€27,796 | -28.0% |
| Stocks | 30/36 | €99,363 | €71,567 | -€27,796 | -28.0% |
| Amounts receivable within one year | 40/41 | €128,841 | €170,807 | +€41,966 | +32.6% |
| Trade receivables | 40 | €69,362 | €132,030 | +€62,668 | +90.3% |
| Other amounts receivable | 41 | €59,479 | €38,777 | -€20,702 | -34.8% |
| Cash at bank and in hand | 54/58 | €120 | €10,116 | +€9,997 | +8359.0% |
| Deferred charges and accrued income | 490/1 | €3,281 | €4,166 | +€885 | +27.0% |
| Total equity and liabilities | 10/49 | €326,942 | €365,912 | +€38,970 | +11.9% |
| Equity | 10/15 | €142,166 | €191,388 | +€49,222 | +34.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €98,000 | +€49,000 | +100.0% |
| Distributable reserves | 133 | €49,000 | €98,000 | +€49,000 | +100.0% |
| Profit (loss) carried forward | 14 | €68,166 | €68,388 | +€222 | +0.3% |
| Amounts payable | 17/49 | €184,777 | €174,524 | -€10,252 | -5.5% |
| Amounts payable after more than one year | 17 | €30,234 | €52,870 | +€22,636 | +74.9% |
| Financial debts | 170/4 | €30,234 | €52,870 | +€22,636 | +74.9% |
| Amounts payable within one year | 42/48 | €154,543 | €121,655 | -€32,888 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €19,229 | €28,581 | +€9,352 | +48.6% |
| Trade debts | 44 | €73,301 | €69,695 | -€3,606 | -4.9% |
| Suppliers | 440/4 | €73,301 | €69,695 | -€3,606 | -4.9% |
| Taxes, remuneration and social security | 45 | €15,695 | €21,979 | +€6,284 | +40.0% |
| Taxes | 450/3 | €4,900 | €11,027 | +€6,127 | +125.0% |
| Remuneration and social security | 454/9 | €10,795 | €10,952 | +€157 | +1.5% |
| Other amounts payable | 47/48 | €46,319 | €1,400 | -€44,919 | -97.0% |
| Remuneration, social security and pensions | 62 | €33,949 | €61,107 | +€27,158 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,132 | €42,882 | +€5,750 | +15.5% |
| Other operating charges | 640/8 | €2,961 | €3,340 | +€378 | +12.8% |
| Gross operating margin | 9900 | €145,362 | €178,140 | +€32,779 | +22.5% |
| Operating profit (loss) | 9901 | €71,319 | €70,811 | -€508 | -0.7% |
| Financial income | 75/76B | €38 | €16 | -€22 | -57.3% |
| Recurring financial income | 75 | €38 | €16 | -€22 | -57.3% |
| Financial charges | 65/66B | €3,429 | €4,227 | +€799 | +23.3% |
| Recurring financial charges | 65 | €3,429 | €4,227 | +€799 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €67,928 | €66,600 | -€1,328 | -2.0% |
| Income taxes | 67/77 | €18,906 | €17,378 | -€1,528 | -8.1% |
| Profit (loss) for the period | 9904 | €49,022 | €49,222 | +€200 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,022 | €49,222 | +€200 | +0.4% |
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 8 October 2026 via checked.be.