FRIGO-WAY: 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
FRIGO-WAY
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€130,615
2024 · €21,785+€108,830
Equity
€64,743
2024 · €64,128+€615
Cash
€150,970
2024 · €137,693+€13,277
Balance sheet total
€1.4m
2024 · €1.4m+€63,058
Largest movements
Assets
- Receivables within one year +€144,279
up €144,279 (+23.6%), from €610,222 to €754,501
of which Trade receivables: +€150,159
- Tangible fixed assets -€95,211
down €95,211 (-15.9%), from €598,020 to €502,810
Equity and liabilities
- Other debts +€104,000
up €104,000 (+186%), from €56,000 to €160,000
- Debts after one year -€69,279
down €69,279 (-16.9%), from €409,347 to €340,068
- Tax, wage and social debts +€46,353
up €46,353 (+36.5%), from €126,881 to €173,235
of which Taxes: +€39,658
Income statement
- Turnover +€187,255
up €187,255 (+5.0%), from €3.7m to €3.9m
- Services and other goods +€84,215
up €84,215 (+3.5%), from €2.4m to €2.5m
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
€21,785
Turnover
+€187,255
Other operating income
+€11,056
Services and other goods
-€84,215
Staff costs
+€35,265
Depreciation
+€8,215
Other operating charges
-€11,099
Financial income
+€3,552
Financial charges
-€3,158
Taxes
-€38,041
Result 2025
€130,615
raises the resultlowers the result
Derived cash bridge
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
+€328,345
Investment
-€104,770
Financing
-€210,298
Cash 2024
€137,693
From operations (derived)
+€328,345
Net result for the year
+€130,615
Depreciation
+€199,711
Receivables within one year
-€144,279
Deferred charges and accrued income
-€442
Trade debts
-€4,357
Tax, wage and social debts
+€46,353
Other debts
+€104,000
Accrued charges and deferred income
-€3,255
Investment (derived)
-€104,770
Investment in fixed assets (net)
-€104,770
Financing
-€210,298
Debts after one year
-€69,279
Current portion of long-term debt
-€11,019
Contributions, distributions and other
-€130,000
Cash 2025
€150,970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,357,011 | €1,420,068 | +€63,058 | +4.6% |
| Fixed assets | 21/28 | €600,180 | €505,240 | -€94,941 | -15.8% |
| Tangible fixed assets | 22/27 | €598,020 | €502,810 | -€95,211 | -15.9% |
| Leasing and similar rights | 25 | €598,020 | €502,810 | -€95,211 | -15.9% |
| Financial fixed assets | 28 | €2,160 | €2,430 | +€270 | +12.5% |
| Other financial fixed assets | 284/8 | €2,160 | €2,430 | +€270 | +12.5% |
| Amounts receivable and cash guarantees | 285/8 | €2,160 | €2,430 | +€270 | +12.5% |
| Current assets | 29/58 | €756,831 | €914,829 | +€157,998 | +20.9% |
| Amounts receivable within one year | 40/41 | €610,222 | €754,501 | +€144,279 | +23.6% |
| Trade receivables | 40 | €601,763 | €751,922 | +€150,159 | +25.0% |
| Other amounts receivable | 41 | €8,459 | €2,579 | -€5,879 | -69.5% |
| Cash at bank and in hand | 54/58 | €137,693 | €150,970 | +€13,277 | +9.6% |
| Deferred charges and accrued income | 490/1 | €8,915 | €9,358 | +€442 | +5.0% |
| Total equity and liabilities | 10/49 | €1,357,011 | €1,420,068 | +€63,058 | +4.6% |
| Equity | 10/15 | €64,128 | €64,743 | +€615 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,296 | €45,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,437 | €43,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240 | €855 | +€615 | +256% |
| Amounts payable | 17/49 | €1,292,883 | €1,355,326 | +€62,443 | +4.8% |
| Amounts payable after more than one year | 17 | €409,347 | €340,068 | -€69,279 | -16.9% |
| Financial debts | 170/4 | €409,347 | €340,068 | -€69,279 | -16.9% |
| Leasing and similar obligations | 172 | €409,347 | €340,068 | -€69,279 | -16.9% |
| Amounts payable within one year | 42/48 | €877,736 | €1,012,714 | +€134,977 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €169,677 | €158,658 | -€11,019 | -6.5% |
| Trade debts | 44 | €525,178 | €520,821 | -€4,357 | -0.8% |
| Suppliers | 440/4 | €525,178 | €520,821 | -€4,357 | -0.8% |
| Taxes, remuneration and social security | 45 | €126,881 | €173,235 | +€46,353 | +36.5% |
| Taxes | 450/3 | €15,825 | €55,482 | +€39,658 | +251% |
| Remuneration and social security | 454/9 | €111,057 | €117,752 | +€6,696 | +6.0% |
| Other amounts payable | 47/48 | €56,000 | €160,000 | +€104,000 | +186% |
| Accrued charges and deferred income | 492/3 | €5,799 | €2,544 | -€3,255 | -56.1% |
| Operating income | 70/76A | €3,847,080 | €4,045,391 | +€198,311 | +5.2% |
| Turnover | 70 | €3,749,693 | €3,936,947 | +€187,255 | +5.0% |
| Other operating income | 74 | €97,388 | €108,444 | +€11,056 | +11.4% |
| Operating charges | 60/66A | €3,808,082 | €3,859,917 | +€51,834 | +1.4% |
| Services and other goods | 61 | €2,437,354 | €2,521,568 | +€84,215 | +3.5% |
| Remuneration, social security and pensions | 62 | €932,150 | €896,886 | -€35,265 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,926 | €199,711 | -€8,215 | -4.0% |
| Other operating charges | 640/8 | €230,652 | €241,752 | +€11,099 | +4.8% |
| Operating profit (loss) | 9901 | €38,998 | €185,475 | +€146,477 | +376% |
| Financial income | 75/76B | €8,843 | €12,396 | +€3,552 | +40.2% |
| Recurring financial income | 75 | €8,843 | €12,396 | +€3,552 | +40.2% |
| Other financial income | 752/9 | €8,843 | €12,396 | +€3,552 | +40.2% |
| Financial charges | 65/66B | €12,993 | €16,151 | +€3,158 | +24.3% |
| Recurring financial charges | 65 | €12,993 | €16,151 | +€3,158 | +24.3% |
| Debt charges | 650 | €11,440 | €14,329 | +€2,889 | +25.3% |
| Other financial charges | 652/9 | €1,553 | €1,822 | +€269 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €34,849 | €181,720 | +€146,871 | +421% |
| Income taxes | 67/77 | €13,064 | €51,105 | +€38,041 | +291% |
| Taxes | 670/3 | €13,064 | €51,105 | +€38,041 | +291% |
| Profit (loss) for the period | 9904 | €21,785 | €130,615 | +€108,830 | +500% |
| Profit (loss) for the period to be appropriated | 9905 | €21,785 | €130,615 | +€108,830 | +500% |
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 19 October 2026 via checked.be.