FRIGOMASTER: 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.
FRIGOMASTER
Largest movements
- Cash +€52,063
up €52,063 (+21.7%), from €239,861 to €291,924
mainly Net result for the year (+€16,085) and Receivables within one year (+€14,901)
- Receivables within one year -€14,901
down €14,901 (-34.0%), from €43,774 to €28,873
of which Trade receivables: -€19,484
- Tangible fixed assets -€9,928
down €9,928 (-3.7%), from €271,184 to €261,256
of which Land and buildings: -€7,414
- Reserves +€16,085
up €16,085 (+4.3%), from €370,528 to €386,613
- Other debts +€6,668
up €6,668 (+12.3%), from €54,090 to €60,758
- Trade debts +€6,426
up €6,426 (+68.6%), from €9,373 to €15,799
- Gross operating margin -€56,653
down €56,653 (-56.1%), from €101,016 to €44,363
- Taxes -€18,471
down €18,471 (-69.9%), from €26,442 to €7,971
- Financial charges +€2,229
up €2,229 (+36.9%), from €6,039 to €8,267
- Financial income +€1,189
up €1,189 (+157.7%), from €754 to €1,943
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 | €558,925 | €585,632 | +€26,706 | +4.8% |
| Fixed assets | 21/28 | €271,184 | €261,256 | -€9,928 | -3.7% |
| Tangible fixed assets | 22/27 | €271,184 | €261,256 | -€9,928 | -3.7% |
| Land and buildings | 22 | €252,798 | €245,385 | -€7,414 | -2.9% |
| Plant, machinery and equipment | 23 | €7,432 | €4,995 | -€2,438 | -32.8% |
| Furniture and vehicles | 24 | - | €1,529 | +€1,529 | |
| Other tangible fixed assets | 26 | €10,954 | €9,348 | -€1,606 | -14.7% |
| Current assets | 29/58 | €287,741 | €324,376 | +€36,635 | +12.7% |
| Stocks and contracts in progress | 3 | €3,265 | €2,705 | -€560 | -17.2% |
| Stocks | 30/36 | €3,265 | €2,705 | -€560 | -17.2% |
| Amounts receivable within one year | 40/41 | €43,774 | €28,873 | -€14,901 | -34.0% |
| Trade receivables | 40 | €43,616 | €24,132 | -€19,484 | -44.7% |
| Other amounts receivable | 41 | €158 | €4,741 | +€4,582 | +2892.8% |
| Cash at bank and in hand | 54/58 | €239,861 | €291,924 | +€52,063 | +21.7% |
| Deferred charges and accrued income | 490/1 | €841 | €875 | +€34 | +4.0% |
| Total equity and liabilities | 10/49 | €558,925 | €585,632 | +€26,706 | +4.8% |
| Equity | 10/15 | €389,120 | €405,205 | +€16,085 | +4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €370,528 | €386,613 | +€16,085 | +4.3% |
| Distributable reserves | 133 | €370,528 | €386,613 | +€16,085 | +4.3% |
| Amounts payable | 17/49 | €169,805 | €180,427 | +€10,621 | +6.3% |
| Amounts payable after more than one year | 17 | €98,401 | €98,401 | = | 0.0% |
| Financial debts | 170/4 | €98,401 | €98,401 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,662 | €80,088 | +€11,427 | +16.6% |
| Trade debts | 44 | €9,373 | €15,799 | +€6,426 | +68.6% |
| Suppliers | 440/4 | €9,373 | €15,799 | +€6,426 | +68.6% |
| Advances received on contracts in progress | 46 | €900 | €900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,298 | €2,632 | -€1,666 | -38.8% |
| Taxes | 450/3 | €4,298 | €2,632 | -€1,666 | -38.8% |
| Other amounts payable | 47/48 | €54,090 | €60,758 | +€6,668 | +12.3% |
| Accrued charges and deferred income | 492/3 | €2,743 | €1,937 | -€806 | -29.4% |
| Non-recurring operating income | 76A | €71 | €795 | +€723 | +1011.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,296 | €11,595 | +€299 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €431 | - | -€431 | |
| Other operating charges | 640/8 | €2,446 | €2,387 | -€59 | -2.4% |
| Gross operating margin | 9900 | €101,016 | €44,363 | -€56,653 | -56.1% |
| Operating profit (loss) | 9901 | €86,843 | €30,381 | -€56,462 | -65.0% |
| Financial income | 75/76B | €754 | €1,943 | +€1,189 | +157.7% |
| Recurring financial income | 75 | €754 | €1,943 | +€1,189 | +157.7% |
| Financial charges | 65/66B | €6,039 | €8,267 | +€2,229 | +36.9% |
| Recurring financial charges | 65 | €6,039 | €8,267 | +€2,229 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €81,558 | €24,056 | -€57,502 | -70.5% |
| Income taxes | 67/77 | €26,442 | €7,971 | -€18,471 | -69.9% |
| Profit (loss) for the period | 9904 | €55,116 | €16,085 | -€39,031 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,116 | €16,085 | -€39,031 | -70.8% |
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 9 October 2026 via checked.be.