FRIGOMIL: 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.
What changed
FRIGOMIL
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,664
2024 · €26,061+€19,603
Equity
€2.5m
2024 · €2.5m+€45,664
Cash
€175,766
2024 · €356,845-€181,078
Balance sheet total
€8.6m
2024 · €8.0m+€606,388
Largest movements
Assets
- Receivables within one year +€842,872
up €842,872 (+12.8%), from €6.6m to €7.4m
of which Trade receivables: +€774,024
- Cash -€181,078
down €181,078 (-50.7%), from €356,845 to €175,766
mainly Receivables within one year (-€842,872) and Advances received (-€305,567)
- Stocks and contracts -€103,603
down €103,603 (-12.0%), from €860,030 to €756,427
Equity and liabilities
- Trade debts +€893,572
up €893,572 (+26.0%), from €3.4m to €4.3m
- Advances received -€305,567
down €305,567 (-41.1%), from €744,067 to €438,500
Income statement
- Turnover +€2.8m
up €2.8m (+16.4%), from €17.4m to €20.2m
- Goods and materials +€1.2m
up €1.2m (+11.0%), from €10.8m to €12.0m
of which Purchases: +€1.2m
- Services and other goods +€774,638
up €774,638 (+30.3%), from €2.6m to €3.3m
- Other operating charges +€508,777
up €508,777 (+3573.7%), from €14,237 to €523,013
- Staff costs +€308,250
up €308,250 (+7.7%), from €4.0m to €4.3m
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
€26,061
Turnover
+€2.8m
Other operating income
-€24,169
Goods and materials
-€1.2m
Services and other goods
-€774,638
Staff costs
-€308,250
Depreciation
+€10,341
Write-downs
+€3,371
Provisions
-€21,137
Other operating charges
-€508,777
Financial income
-€698
Financial charges
-€4,197
Taxes
-€11,645
Result 2025
€45,664
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.
From operations
-€36,263
Investment
-€144,816
Financing
€0
Cash 2024
€356,845
From operations (derived)
-€36,263
Net result for the year
+€45,664
Depreciation
+€84,068
Stocks and contracts
+€103,603
Receivables within one year
-€842,872
Deferred charges and accrued income
+€12,550
Provisions
+€29,397
Trade debts
+€893,572
Tax, wage and social debts
+€13,443
Advances received
-€305,567
Other debts
-€70,121
Investment (derived)
-€144,816
Investment in fixed assets (net)
-€144,816
Cash 2025
€175,766
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,950,804 | €8,557,193 | +€606,388 | +7.6% |
| Fixed assets | 21/28 | €119,830 | €180,578 | +€60,748 | +50.7% |
| Intangible fixed assets | 21 | - | €26,992 | +€26,992 | |
| Tangible fixed assets | 22/27 | €115,856 | €149,613 | +€33,756 | +29.1% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €26,791 | +€26,791 | |
| Furniture and vehicles | 24 | €104,409 | €103,194 | -€1,215 | -1.2% |
| Other tangible fixed assets | 26 | €11,448 | €19,628 | +€8,180 | +71.5% |
| Financial fixed assets | 28 | €3,974 | €3,974 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,974 | €3,974 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,974 | €3,974 | = | 0.0% |
| Current assets | 29/58 | €7,830,974 | €8,376,614 | +€545,640 | +7.0% |
| Stocks and contracts in progress | 3 | €860,030 | €756,427 | -€103,603 | -12.0% |
| Stocks | 30/36 | €860,030 | €756,427 | -€103,603 | -12.0% |
| Raw materials and consumables | 30/31 | €860,030 | €756,427 | -€103,603 | -12.0% |
| Amounts receivable within one year | 40/41 | €6,601,549 | €7,444,421 | +€842,872 | +12.8% |
| Trade receivables | 40 | €6,441,421 | €7,215,445 | +€774,024 | +12.0% |
| Other amounts receivable | 41 | €160,128 | €228,976 | +€68,848 | +43.0% |
| Cash at bank and in hand | 54/58 | €356,845 | €175,766 | -€181,078 | -50.7% |
| Deferred charges and accrued income | 490/1 | €12,550 | - | -€12,550 | |
| Total equity and liabilities | 10/49 | €7,950,804 | €8,557,193 | +€606,388 | +7.6% |
| Equity | 10/15 | €2,471,084 | €2,516,748 | +€45,664 | +1.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,096,889 | €1,096,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,889 | €71,889 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,124,195 | €1,169,859 | +€45,664 | +4.1% |
| Provisions and deferred taxes | 16 | €155,046 | €184,443 | +€29,397 | +19.0% |
| Provisions for liabilities and charges | 160/5 | €155,046 | €184,443 | +€29,397 | +19.0% |
| Other liabilities and charges | 164/5 | €155,046 | €184,443 | +€29,397 | +19.0% |
| Amounts payable | 17/49 | €5,324,674 | €5,856,002 | +€531,327 | +10.0% |
| Amounts payable within one year | 42/48 | €5,324,674 | €5,856,002 | +€531,327 | +10.0% |
| Trade debts | 44 | €3,434,253 | €4,327,825 | +€893,572 | +26.0% |
| Suppliers | 440/4 | €3,434,253 | €4,327,825 | +€893,572 | +26.0% |
| Advances received on contracts in progress | 46 | €744,067 | €438,500 | -€305,567 | -41.1% |
| Taxes, remuneration and social security | 45 | €647,270 | €660,713 | +€13,443 | +2.1% |
| Taxes | 450/3 | €182,057 | €175,751 | -€6,305 | -3.5% |
| Remuneration and social security | 454/9 | €465,214 | €484,962 | +€19,749 | +4.2% |
| Other amounts payable | 47/48 | €499,084 | €428,963 | -€70,121 | -14.0% |
| Operating income | 70/76A | €17,527,013 | €20,350,845 | +€2.8m | +16.1% |
| Turnover | 70 | €17,398,811 | €20,246,813 | +€2.8m | +16.4% |
| Other operating income | 74 | €128,202 | €104,032 | -€24,169 | -18.9% |
| Operating charges | 60/66A | €17,451,943 | €20,239,632 | +€2.8m | +16.0% |
| Goods for resale, raw materials and consumables | 60 | €10,810,333 | €11,998,933 | +€1.2m | +11.0% |
| Purchases | 600/8 | €10,702,754 | €11,894,326 | +€1.2m | +11.1% |
| Change in stocks: decrease (increase) | 609 | €107,579 | €104,607 | -€2,972 | -2.8% |
| Services and other goods | 61 | €2,555,928 | €3,330,567 | +€774,638 | +30.3% |
| Remuneration, social security and pensions | 62 | €3,998,312 | €4,306,562 | +€308,250 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,409 | €84,068 | -€10,341 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,536 | -€31,908 | -€3,371 | -11.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,260 | €28,397 | +€21,137 | +291.1% |
| Other operating charges | 640/8 | €14,237 | €523,013 | +€508,777 | +3573.7% |
| Operating profit (loss) | 9901 | €75,070 | €111,213 | +€36,144 | +48.1% |
| Financial income | 75/76B | €3,667 | €2,969 | -€698 | -19.0% |
| Recurring financial income | 75 | €3,667 | €2,969 | -€698 | -19.0% |
| Income from current assets | 751 | €14 | €12 | -€2 | -13.4% |
| Other financial income | 752/9 | €3,653 | €2,957 | -€696 | -19.1% |
| Financial charges | 65/66B | €7,626 | €11,824 | +€4,197 | +55.0% |
| Recurring financial charges | 65 | €7,626 | €11,824 | +€4,197 | +55.0% |
| Other financial charges | 652/9 | €7,626 | €11,824 | +€4,197 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €71,111 | €102,359 | +€31,248 | +43.9% |
| Income taxes | 67/77 | €45,050 | €56,695 | +€11,645 | +25.8% |
| Taxes | 670/3 | €45,050 | €56,695 | +€11,645 | +25.8% |
| Profit (loss) for the period | 9904 | €26,061 | €45,664 | +€19,603 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,061 | €45,664 | +€19,603 | +75.2% |
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 29 September 2026 via checked.be.