FRIGOTEC: what changed
What changed
FRIGOTEC
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€19,455
2024 · €13,426+€6,029
Equity
€164,713
2024 · €164,568+€145
Cash
€109,197
2024 · €130,632-€21,435
Balance sheet total
€215,053
2024 · €200,746+€14,307
Largest movements
Assets
- Tangible fixed assets +€35,144
up €35,144 (+85.4%), from €41,164 to €76,309
of which Furniture and vehicles: +€36,227
- Cash -€21,435
down €21,435 (-16.4%), from €130,632 to €109,197
mainly Investment in fixed assets (net) (-€50,249) and Contributions, distributions and other (-€19,310)
- Receivables within one year +€3,483
up €3,483 (+15.4%), from €22,641 to €26,123
of which Trade receivables: +€5,712
Equity and liabilities
- Other debts +€16,402
up €16,402 (+66.8%), from €24,537 to €40,939
- Trade debts -€3,035
down €3,035 (-48.4%), from €6,273 to €3,238
Income statement
- Gross operating margin +€14,640
up €14,640 (+26.8%), from €54,572 to €69,212
- Depreciation +€7,658
up €7,658 (+98.9%), from €7,747 to €15,404
- Taxes +€3,142
up €3,142 (+50.6%), from €6,212 to €9,354
- Write-downs -€2,616
down €2,616 (-100%), from €2,616 to €0
- Staff costs +€1,226
up €1,226 (+5.0%), from €24,347 to €25,573
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,426
Gross operating margin
+€14,640
Staff costs
-€1,226
Depreciation
-€7,658
Write-downs
+€2,616
Other operating charges
+€423
Financial income
+€347
Financial charges
+€29
Taxes
-€3,142
Result 2025
€19,455
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€48,124
Investment
-€50,249
Financing
-€19,310
Cash 2024
€130,632
From operations (derived)
+€48,124
Net result for the year
+€19,455
Depreciation
+€15,404
Stocks and contracts
+€1,838
Receivables within one year
-€3,483
Deferred charges and accrued income
+€746
Trade debts
-€3,035
Tax, wage and social debts
+€1,182
Other debts
+€16,402
Accrued charges and deferred income
-€387
Investment (derived)
-€50,249
Investment in fixed assets (net)
-€50,249
Financing
-€19,310
Contributions, distributions and other
-€19,310
Cash 2025
€109,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,746 | €215,053 | +€14,307 | +7.1% |
| Fixed assets | 21/28 | €41,464 | €76,309 | +€34,845 | +84.0% |
| Tangible fixed assets | 22/27 | €41,164 | €76,309 | +€35,144 | +85.4% |
| Plant, machinery and equipment | 23 | €3,855 | €2,773 | -€1,083 | -28.1% |
| Furniture and vehicles | 24 | €37,309 | €73,536 | +€36,227 | +97.1% |
| Financial fixed assets | 28 | €300 | €0 | -€300 | -100% |
| Current assets | 29/58 | €159,282 | €138,745 | -€20,537 | -12.9% |
| Stocks and contracts in progress | 3 | €3,508 | €1,670 | -€1,838 | -52.4% |
| Stocks | 30/36 | €3,508 | €1,670 | -€1,838 | -52.4% |
| Amounts receivable within one year | 40/41 | €22,641 | €26,123 | +€3,483 | +15.4% |
| Trade receivables | 40 | €14,557 | €20,269 | +€5,712 | +39.2% |
| Other amounts receivable | 41 | €8,084 | €5,855 | -€2,229 | -27.6% |
| Cash at bank and in hand | 54/58 | €130,632 | €109,197 | -€21,435 | -16.4% |
| Deferred charges and accrued income | 490/1 | €2,501 | €1,755 | -€746 | -29.8% |
| Total equity and liabilities | 10/49 | €200,746 | €215,053 | +€14,307 | +7.1% |
| Equity | 10/15 | €164,568 | €164,713 | +€145 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €125,449 | €125,594 | +€145 | +0.1% |
| Non-distributable reserves | 130/1 | €27,182 | €27,182 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,182 | €27,182 | = | 0.0% |
| Distributable reserves | 133 | €98,267 | €98,413 | +€145 | +0.1% |
| Profit (loss) carried forward | 14 | €20,527 | €20,527 | = | 0.0% |
| Amounts payable | 17/49 | €36,178 | €50,340 | +€14,162 | +39.1% |
| Amounts payable within one year | 42/48 | €35,791 | €50,340 | +€14,550 | +40.7% |
| Trade debts | 44 | €6,273 | €3,238 | -€3,035 | -48.4% |
| Suppliers | 440/4 | €6,273 | €3,238 | -€3,035 | -48.4% |
| Taxes, remuneration and social security | 45 | €4,981 | €6,163 | +€1,182 | +23.7% |
| Taxes | 450/3 | - | €966 | +€966 | |
| Remuneration and social security | 454/9 | €4,981 | €5,198 | +€217 | +4.4% |
| Other amounts payable | 47/48 | €24,537 | €40,939 | +€16,402 | +66.8% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Remuneration, social security and pensions | 62 | €24,347 | €25,573 | +€1,226 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,747 | €15,404 | +€7,658 | +98.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,616 | €0 | -€2,616 | -100% |
| Other operating charges | 640/8 | €1,564 | €1,141 | -€423 | -27.1% |
| Gross operating margin | 9900 | €54,572 | €69,212 | +€14,640 | +26.8% |
| Operating profit (loss) | 9901 | €18,298 | €27,093 | +€8,795 | +48.1% |
| Financial income | 75/76B | €1,468 | €1,815 | +€347 | +23.6% |
| Recurring financial income | 75 | €1,468 | €1,815 | +€347 | +23.6% |
| Financial charges | 65/66B | €128 | €99 | -€29 | -22.5% |
| Recurring financial charges | 65 | €128 | €99 | -€29 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €19,638 | €28,810 | +€9,171 | +46.7% |
| Income taxes | 67/77 | €6,212 | €9,354 | +€3,142 | +50.6% |
| Profit (loss) for the period | 9904 | €13,426 | €19,455 | +€6,029 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,426 | €19,455 | +€6,029 | +44.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.