FRIGOLA: 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.
FRIGOLA
Largest movements
- Cash +€63,267
up €63,267 (+51.0%), from €124,159 to €187,426
mainly Net result for the year (+€163,861) and Debts after one year (+€120,000)
- Tangible fixed assets -€41,045
down €41,045 (-11.6%), from €352,727 to €311,682
of which Furniture and vehicles: -€26,810
- Other debts -€263,365
down €263,365 (-93.6%), from €281,429 to €18,064
- Profit (loss) carried forward +€162,195
up €162,195 (+130.7%), from €124,052 to €286,247
- Debts after one year +€120,000
up €120,000, from €0 to €120,000
- Trade debts +€12,458
up €12,458 (+20.7%), from €60,314 to €72,772
- Current portion of long-term debt -€10,127
down €10,127 (-100.0%), from €10,127 to €0
- Gross operating margin +€68,146
up €68,146 (+24.4%), from €279,069 to €347,215
- Taxes +€23,610
up €23,610 (+91.8%), from €25,722 to €49,332
- Depreciation -€20,787
down €20,787 (-29.5%), from €70,554 to €49,767
- Staff costs -€13,404
down €13,404 (-15.5%), from €86,285 to €72,882
- Financial charges +€8,141
up €8,141 (+762.4%), from €1,068 to €9,209
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 | €524,557 | €544,865 | +€20,308 | +3.9% |
| Fixed assets | 21/28 | €360,751 | €318,056 | -€42,695 | -11.8% |
| Intangible fixed assets | 21 | €8,024 | €6,374 | -€1,650 | -20.6% |
| Tangible fixed assets | 22/27 | €352,727 | €311,682 | -€41,045 | -11.6% |
| Land and buildings | 22 | €250,413 | €231,254 | -€19,159 | -7.7% |
| Plant, machinery and equipment | 23 | €2,597 | €7,521 | +€4,924 | +189.6% |
| Furniture and vehicles | 24 | €99,717 | €72,906 | -€26,810 | -26.9% |
| Current assets | 29/58 | €163,806 | €226,810 | +€63,003 | +38.5% |
| Stocks and contracts in progress | 3 | €4,747 | €5,221 | +€475 | +10.0% |
| Stocks | 30/36 | €4,747 | €5,221 | +€475 | +10.0% |
| Amounts receivable within one year | 40/41 | €28,988 | €25,138 | -€3,849 | -13.3% |
| Trade receivables | 40 | €13,201 | €12,470 | -€731 | -5.5% |
| Other amounts receivable | 41 | €15,786 | €12,668 | -€3,118 | -19.8% |
| Cash at bank and in hand | 54/58 | €124,159 | €187,426 | +€63,267 | +51.0% |
| Deferred charges and accrued income | 490/1 | €5,913 | €9,023 | +€3,110 | +52.6% |
| Total equity and liabilities | 10/49 | €524,557 | €544,865 | +€20,308 | +3.9% |
| Equity | 10/15 | €144,512 | €306,707 | +€162,195 | +112.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,052 | €286,247 | +€162,195 | +130.7% |
| Amounts payable | 17/49 | €380,045 | €238,159 | -€141,886 | -37.3% |
| Amounts payable after more than one year | 17 | €0 | €120,000 | +€120,000 | |
| Financial debts | 170/4 | €0 | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €380,045 | €118,159 | -€261,886 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €10,127 | €0 | -€10,127 | -100.0% |
| Trade debts | 44 | €60,314 | €72,772 | +€12,458 | +20.7% |
| Suppliers | 440/4 | €60,314 | €72,772 | +€12,458 | +20.7% |
| Taxes, remuneration and social security | 45 | €28,174 | €27,322 | -€853 | -3.0% |
| Taxes | 450/3 | €8,719 | €11,834 | +€3,115 | +35.7% |
| Remuneration and social security | 454/9 | €19,456 | €15,488 | -€3,967 | -20.4% |
| Other amounts payable | 47/48 | €281,429 | €18,064 | -€263,365 | -93.6% |
| Remuneration, social security and pensions | 62 | €86,285 | €72,882 | -€13,404 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,554 | €49,767 | -€20,787 | -29.5% |
| Other operating charges | 640/8 | €2,727 | €2,168 | -€559 | -20.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €279,069 | €347,215 | +€68,146 | +24.4% |
| Operating profit (loss) | 9901 | €119,502 | €222,398 | +€102,896 | +86.1% |
| Financial income | 75/76B | €302 | €4 | -€298 | -98.8% |
| Recurring financial income | 75 | €302 | €4 | -€298 | -98.8% |
| Financial charges | 65/66B | €1,068 | €9,209 | +€8,141 | +762.4% |
| Recurring financial charges | 65 | €1,068 | €9,209 | +€8,141 | +762.4% |
| Profit (loss) for the period before taxes | 9903 | €118,736 | €213,192 | +€94,457 | +79.6% |
| Income taxes | 67/77 | €25,722 | €49,332 | +€23,610 | +91.8% |
| Profit (loss) for the period | 9904 | €93,014 | €163,861 | +€70,847 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,014 | €163,861 | +€70,847 | +76.2% |
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 4 October 2026 via checked.be.