FRIGORO: 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.
FRIGORO
Largest movements
- Cash +€565,050
up €565,050 (+306.0%), from €184,683 to €749,732
mainly Current investments (+€500,000) and Net result for the year (+€45,641)
- Current investments -€500,000
no longer reported in 2024 (was €500,000)
- Tangible fixed assets -€31,655
down €31,655 (-14.9%), from €213,000 to €181,345
- Receivables within one year +€13,550
up €13,550 (+89.3%), from €15,175 to €28,724
- Reserves +€45,641
up €45,641 (+17.0%), from €268,835 to €314,476
of which Distributable reserves: +€45,641
- Gross operating margin +€34,234
up €34,234 (+39.8%), from €85,945 to €120,178
- Taxes +€9,129
up €9,129 (+136.9%), from €6,666 to €15,795
- Financial income +€4,549
new in 2024: €4,549
- Depreciation +€1,345
up €1,345 (+3.7%), from €36,810 to €38,155
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €912,857 | €959,801 | +€46,944 | +5.1% |
| Fixed assets | 21/28 | €213,000 | €181,345 | -€31,655 | -14.9% |
| Tangible fixed assets | 22/27 | €213,000 | €181,345 | -€31,655 | -14.9% |
| Land and buildings | 22 | €213,000 | €181,345 | -€31,655 | -14.9% |
| Current assets | 29/58 | €699,857 | €778,457 | +€78,599 | +11.2% |
| Amounts receivable within one year | 40/41 | €15,175 | €28,724 | +€13,550 | +89.3% |
| Trade receivables | 40 | €15,175 | €28,724 | +€13,550 | +89.3% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €184,683 | €749,732 | +€565,050 | +306.0% |
| Total equity and liabilities | 10/49 | €912,857 | €959,801 | +€46,944 | +5.1% |
| Equity | 10/15 | €888,569 | €934,210 | +€45,641 | +5.1% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €268,835 | €314,476 | +€45,641 | +17.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,850 | €5,850 | = | 0.0% |
| Distributable reserves | 133 | €244,985 | €290,626 | +€45,641 | +18.6% |
| Amounts payable | 17/49 | €24,288 | €25,591 | +€1,303 | +5.4% |
| Amounts payable within one year | 42/48 | €24,288 | €25,591 | +€1,303 | +5.4% |
| Trade debts | 44 | €1,340 | €1,313 | -€27 | -2.0% |
| Suppliers | 440/4 | €1,340 | €1,313 | -€27 | -2.0% |
| Taxes, remuneration and social security | 45 | €22,948 | €24,278 | +€1,330 | +5.8% |
| Taxes | 450/3 | €22,948 | €24,278 | +€1,330 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,810 | €38,155 | +€1,345 | +3.7% |
| Other operating charges | 640/8 | €24,001 | €25,067 | +€1,066 | +4.4% |
| Gross operating margin | 9900 | €85,945 | €120,178 | +€34,234 | +39.8% |
| Operating profit (loss) | 9901 | €25,133 | €56,956 | +€31,822 | +126.6% |
| Financial income | 75/76B | - | €4,549 | +€4,549 | |
| Recurring financial income | 75 | - | €4,549 | +€4,549 | |
| Financial charges | 65/66B | €150 | €69 | -€81 | -54.3% |
| Recurring financial charges | 65 | €150 | €69 | -€81 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €24,983 | €61,436 | +€36,453 | +145.9% |
| Income taxes | 67/77 | €6,666 | €15,795 | +€9,129 | +136.9% |
| Profit (loss) for the period | 9904 | €18,317 | €45,641 | +€27,324 | +149.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,317 | €45,641 | +€27,324 | +149.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.