FRIGOTHERM: what changed
What changed
FRIGOTHERM
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
€102,499
2023 · €176,049-€73,550
Equity
€1.2m
2023 · €1.2m+€72,499
Cash
€278,178
2023 · €293,831-€15,654
Balance sheet total
€2.0m
2023 · €1.8m+€155,707
Largest movements
Assets
- Tangible fixed assets +€67,672
up €67,672 (+43.7%), from €154,866 to €222,538
of which Furniture and vehicles: +€55,985
- Stocks and contracts +€62,582
up €62,582 (+16.4%), from €382,128 to €444,710
- Receivables within one year +€37,916
up €37,916 (+4.7%), from €811,569 to €849,485
of which Trade receivables: +€25,726
Equity and liabilities
- Reserves +€72,499
up €72,499 (+6.4%), from €1.1m to €1.2m
of which Distributable reserves: +€59,869
- Trade debts -€54,367
down €54,367 (-15.0%), from €362,815 to €308,448
- Current portion of long-term debt +€48,548
up €48,548 (+64.3%), from €75,476 to €124,024
- Tax, wage and social debts +€43,707
up €43,707 (+23.6%), from €185,586 to €229,293
of which Taxes: +€30,366
- Debts after one year +€39,225
up €39,225 (+112%), from €35,105 to €74,330
Income statement
- Staff costs +€98,253
up €98,253 (+9.5%), from €1.0m to €1.1m
- Taxes -€41,662
down €41,662 (-57.5%), from €72,481 to €30,819
- Gross operating margin -€38,784
down €38,784 (-2.8%), from €1.4m to €1.4m
Change in the result, 2023 to 2024
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 2023
€176,049
Gross operating margin
-€38,784
Staff costs
-€98,253
Depreciation
+€10,081
Other operating charges
+€2,453
Other operating items
+€5,242
Financial income
+€5,553
Financial charges
-€1,505
Taxes
+€41,662
Result 2024
€102,499
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,697
Investment
-€140,124
Financing
+€57,774
Cash 2023
€293,831
From operations (derived)
+€66,697
Net result for the year
+€102,499
Depreciation
+€72,452
Stocks and contracts
-€62,582
Receivables within one year
-€37,916
Deferred charges and accrued income
-€3,191
Trade debts
-€54,367
Tax, wage and social debts
+€43,707
Advances received
+€2,000
Other debts
+€8,000
Accrued charges and deferred income
-€3,906
Investment (derived)
-€140,124
Investment in fixed assets (net)
-€140,124
Financing
+€57,774
Debts after one year
+€39,225
Current portion of long-term debt
+€48,548
Contributions, distributions and other
-€30,000
Cash 2024
€278,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,842,841 | €1,998,547 | +€155,707 | +8.4% |
| Fixed assets | 21/28 | €154,866 | €222,538 | +€67,672 | +43.7% |
| Tangible fixed assets | 22/27 | €154,866 | €222,538 | +€67,672 | +43.7% |
| Land and buildings | 22 | €1,643 | €443 | -€1,200 | -73.1% |
| Plant, machinery and equipment | 23 | €9,705 | €22,592 | +€12,887 | +133% |
| Furniture and vehicles | 24 | €143,518 | €199,503 | +€55,985 | +39.0% |
| Current assets | 29/58 | €1,687,975 | €1,776,009 | +€88,034 | +5.2% |
| Stocks and contracts in progress | 3 | €382,128 | €444,710 | +€62,582 | +16.4% |
| Stocks | 30/36 | €382,128 | €444,710 | +€62,582 | +16.4% |
| Amounts receivable within one year | 40/41 | €811,569 | €849,485 | +€37,916 | +4.7% |
| Trade receivables | 40 | €699,074 | €724,800 | +€25,726 | +3.7% |
| Other amounts receivable | 41 | €112,495 | €124,684 | +€12,190 | +10.8% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €293,831 | €278,178 | -€15,654 | -5.3% |
| Deferred charges and accrued income | 490/1 | €446 | €3,637 | +€3,191 | +715% |
| Total equity and liabilities | 10/49 | €1,842,841 | €1,998,547 | +€155,707 | +8.4% |
| Equity | 10/15 | €1,166,175 | €1,238,674 | +€72,499 | +6.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,128,991 | €1,201,490 | +€72,499 | +6.4% |
| Tax-exempt reserves | 132 | €89,540 | €102,170 | +€12,630 | +14.1% |
| Distributable reserves | 133 | €1,039,451 | €1,099,320 | +€59,869 | +5.8% |
| Amounts payable | 17/49 | €676,666 | €759,874 | +€83,208 | +12.3% |
| Amounts payable after more than one year | 17 | €35,105 | €74,330 | +€39,225 | +112% |
| Financial debts | 170/4 | €35,105 | €74,330 | +€39,225 | +112% |
| Amounts payable within one year | 42/48 | €623,877 | €671,765 | +€47,889 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €75,476 | €124,024 | +€48,548 | +64.3% |
| Trade debts | 44 | €362,815 | €308,448 | -€54,367 | -15.0% |
| Suppliers | 440/4 | €362,815 | €308,448 | -€54,367 | -15.0% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €185,586 | €229,293 | +€43,707 | +23.6% |
| Taxes | 450/3 | €66,498 | €96,864 | +€30,366 | +45.7% |
| Remuneration and social security | 454/9 | €119,088 | €132,429 | +€13,341 | +11.2% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | €17,684 | €13,778 | -€3,906 | -22.1% |
| Non-recurring operating income | 76A | €21,993 | - | -€21,993 | |
| Remuneration, social security and pensions | 62 | €1,038,167 | €1,136,420 | +€98,253 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,533 | €72,452 | -€10,081 | -12.2% |
| Other operating charges | 640/8 | €14,113 | €11,659 | -€2,453 | -17.4% |
| Non-recurring operating charges | 66A | €6,568 | €1,326 | -€5,242 | -79.8% |
| Gross operating margin | 9900 | €1,390,735 | €1,351,951 | -€38,784 | -2.8% |
| Operating profit (loss) | 9901 | €249,354 | €130,094 | -€119,260 | -47.8% |
| Financial income | 75/76B | €7,078 | €12,631 | +€5,553 | +78.4% |
| Recurring financial income | 75 | €6,878 | €8,431 | +€1,553 | +22.6% |
| Non-recurring financial income | 76B | €200 | €4,200 | +€4,000 | +2,000% |
| Financial charges | 65/66B | €7,902 | €9,407 | +€1,505 | +19.0% |
| Recurring financial charges | 65 | €7,902 | €9,407 | +€1,505 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €248,530 | €133,318 | -€115,212 | -46.4% |
| Income taxes | 67/77 | €72,481 | €30,819 | -€41,662 | -57.5% |
| Profit (loss) for the period | 9904 | €176,049 | €102,499 | -€73,550 | -41.8% |
| Transfer from tax-exempt reserves | 789 | - | €21,050 | +€21,050 | |
| Transfer to tax-exempt reserves | 689 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €176,049 | €89,869 | -€86,180 | -49.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.