FRIGRO: 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.
What changed
FRIGRO
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €3.4m+€560,357
Equity
€8.9m
2024 · €8.2m+€746,624
Cash
€3.7m
2024 · €2.5m+€1.1m
Balance sheet total
€15.0m
2024 · €13.7m+€1.3m
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+44.9%), from €2.5m to €3.7m
mainly Net result for the year (+€3.9m) and Current investments (+€750,882)
- Current investments -€750,882
down €750,882 (-100.0%), from €750,882 to €0
- Tangible fixed assets +€412,419
up €412,419 (+61.2%), from €673,601 to €1.1m
of which Other tangible fixed assets: +€569,382
- Receivables within one year +€261,364
up €261,364 (+5.9%), from €4.4m to €4.7m
of which Trade receivables: +€592,779
- Stocks and contracts +€208,499
up €208,499 (+4.0%), from €5.3m to €5.5m
Equity and liabilities
- Reserves +€746,624
up €746,624 (+9.7%), from €7.7m to €8.5m
of which Distributable reserves: +€451,924
- Other debts +€498,869
up €498,869 (+18.7%), from €2.7m to €3.2m
- Tax, wage and social debts +€270,517
up €270,517 (+31.1%), from €871,040 to €1.1m
of which Taxes: +€176,286
- Trade debts -€200,438
down €200,438 (-12.1%), from €1.7m to €1.5m
Income statement
- Turnover +€3.6m
up €3.6m (+10.3%), from €35.4m to €39.1m
- Goods and materials +€2.4m
up €2.4m (+9.7%), from €24.8m to €27.2m
of which Purchases: +€2.7m
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
€3.4m
Turnover
+€3.6m
Other operating income
+€23,233
Goods and materials
-€2.4m
Services and other goods
-€275,489
Staff costs
-€345,945
Depreciation
-€30,478
Write-downs
+€173,617
Provisions
-€17,618
Other operating charges
-€46,276
Other operating items
-€12,660
Financial income
+€44,235
Financial charges
+€15,413
Taxes
-€187,970
Result 2025
€3.9m
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
+€4.1m
Investment
+€230,033
Financing
-€3.2m
Cash 2024
€2.5m
From operations (derived)
+€4.1m
Net result for the year
+€3.9m
Depreciation
+€112,963
Stocks and contracts
-€208,499
Receivables within one year
-€261,364
Smaller working-capital items
-€5,875
Provisions
+€18,488
Trade debts
-€200,438
Tax, wage and social debts
+€270,517
Advances received
-€67,979
Other debts
+€498,869
Investment (derived)
+€230,033
Investment in fixed assets (net)
-€520,849
Current investments
+€750,882
Financing
-€3.2m
Contributions, distributions and other
-€3.2m
Cash 2025
€3.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,705,306 | €14,966,966 | +€1.3m | +9.2% |
| Fixed assets | 21/28 | €700,975 | €1,108,860 | +€407,886 | +58.2% |
| Intangible fixed assets | 21 | €24,175 | €18,042 | -€6,133 | -25.4% |
| Tangible fixed assets | 22/27 | €673,601 | €1,086,020 | +€412,419 | +61.2% |
| Land and buildings | 22 | €271,275 | €0 | -€271,275 | -100.0% |
| Plant, machinery and equipment | 23 | €251,520 | €326,052 | +€74,532 | +29.6% |
| Furniture and vehicles | 24 | €150,806 | €190,585 | +€39,780 | +26.4% |
| Other tangible fixed assets | 26 | - | €569,382 | +€569,382 | |
| Financial fixed assets | 28 | €3,199 | €4,799 | +€1,600 | +50.0% |
| Other financial fixed assets | 284/8 | €3,199 | €4,799 | +€1,600 | +50.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,199 | €4,799 | +€1,600 | +50.0% |
| Current assets | 29/58 | €13,004,331 | €13,858,106 | +€853,774 | +6.6% |
| Stocks and contracts in progress | 3 | €5,255,470 | €5,463,969 | +€208,499 | +4.0% |
| Stocks | 30/36 | €5,255,470 | €5,463,969 | +€208,499 | +4.0% |
| Goods purchased for resale | 34 | €5,255,470 | €5,463,969 | +€208,499 | +4.0% |
| Amounts receivable within one year | 40/41 | €4,414,053 | €4,675,418 | +€261,364 | +5.9% |
| Trade receivables | 40 | €3,892,376 | €4,485,155 | +€592,779 | +15.2% |
| Other amounts receivable | 41 | €521,678 | €190,263 | -€331,415 | -63.5% |
| Current investments | 50/53 | €750,882 | €0 | -€750,882 | -100.0% |
| Other investments | 51/53 | €750,882 | €0 | -€750,882 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,525,466 | €3,658,804 | +€1.1m | +44.9% |
| Deferred charges and accrued income | 490/1 | €58,461 | €59,915 | +€1,454 | +2.5% |
| Total equity and liabilities | 10/49 | €13,705,306 | €14,966,966 | +€1.3m | +9.2% |
| Equity | 10/15 | €8,175,550 | €8,922,174 | +€746,624 | +9.1% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €7,725,550 | €8,472,174 | +€746,624 | +9.7% |
| Non-distributable reserves | 130/1 | €45,487 | €45,487 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Other | 1319 | €487 | €487 | = | 0.0% |
| Tax-exempt reserves | 132 | €259,856 | €554,556 | +€294,700 | +113.4% |
| Distributable reserves | 133 | €7,420,207 | €7,872,131 | +€451,924 | +6.1% |
| Provisions and deferred taxes | 16 | €175,737 | €194,225 | +€18,488 | +10.5% |
| Provisions for liabilities and charges | 160/5 | €175,737 | €194,225 | +€18,488 | +10.5% |
| Other liabilities and charges | 164/5 | €175,737 | €194,225 | +€18,488 | +10.5% |
| Amounts payable | 17/49 | €5,354,019 | €5,850,567 | +€496,548 | +9.3% |
| Amounts payable within one year | 42/48 | €5,349,598 | €5,850,567 | +€500,969 | +9.4% |
| Trade debts | 44 | €1,651,857 | €1,451,419 | -€200,438 | -12.1% |
| Suppliers | 440/4 | €1,651,857 | €1,451,419 | -€200,438 | -12.1% |
| Advances received on contracts in progress | 46 | €154,105 | €86,126 | -€67,979 | -44.1% |
| Taxes, remuneration and social security | 45 | €871,040 | €1,141,558 | +€270,517 | +31.1% |
| Taxes | 450/3 | €253,418 | €429,704 | +€176,286 | +69.6% |
| Remuneration and social security | 454/9 | €617,622 | €711,853 | +€94,231 | +15.3% |
| Other amounts payable | 47/48 | €2,672,597 | €3,171,465 | +€498,869 | +18.7% |
| Accrued charges and deferred income | 492/3 | €4,421 | €0 | -€4,421 | -100.0% |
| Operating income | 70/76A | €35,790,822 | €39,431,307 | +€3.6m | +10.2% |
| Turnover | 70 | €35,442,600 | €39,076,335 | +€3.6m | +10.3% |
| Other operating income | 74 | €314,333 | €337,566 | +€23,233 | +7.4% |
| Non-recurring operating income | 76A | €33,889 | €17,406 | -€16,483 | -48.6% |
| Operating charges | 60/66A | €31,941,321 | €34,893,127 | +€3.0m | +9.2% |
| Goods for resale, raw materials and consumables | 60 | €24,817,273 | €27,230,711 | +€2.4m | +9.7% |
| Purchases | 600/8 | €24,721,292 | €27,439,210 | +€2.7m | +11.0% |
| Change in stocks: decrease (increase) | 609 | €95,981 | -€208,499 | -€304,480 | |
| Services and other goods | 61 | €3,275,366 | €3,550,856 | +€275,489 | +8.4% |
| Remuneration, social security and pensions | 62 | €3,579,300 | €3,925,245 | +€345,945 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,486 | €112,963 | +€30,478 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €138,371 | -€35,246 | -€173,617 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €870 | €18,488 | +€17,618 | +2025.1% |
| Other operating charges | 640/8 | €43,833 | €90,109 | +€46,276 | +105.6% |
| Non-recurring operating charges | 66A | €3,822 | €0 | -€3,822 | -100.0% |
| Operating profit (loss) | 9901 | €3,849,501 | €4,538,180 | +€688,679 | +17.9% |
| Financial income | 75/76B | €184,447 | €228,682 | +€44,235 | +24.0% |
| Recurring financial income | 75 | €184,447 | €228,682 | +€44,235 | +24.0% |
| Income from current assets | 751 | €35,970 | €64,939 | +€28,969 | +80.5% |
| Other financial income | 752/9 | €148,477 | €163,743 | +€15,266 | +10.3% |
| Financial charges | 65/66B | €72,353 | €56,939 | -€15,413 | -21.3% |
| Recurring financial charges | 65 | €72,353 | €56,939 | -€15,413 | -21.3% |
| Debt charges | 650 | €2,740 | €0 | -€2,740 | -100.0% |
| Other financial charges | 652/9 | €69,613 | €56,939 | -€12,674 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €3,961,595 | €4,709,922 | +€748,327 | +18.9% |
| Income taxes | 67/77 | €597,199 | €785,169 | +€187,970 | +31.5% |
| Taxes | 670/3 | €597,954 | €785,169 | +€187,215 | +31.3% |
| Tax adjustments and reversals of tax provisions | 77 | €755 | €0 | -€755 | -100.0% |
| Profit (loss) for the period | 9904 | €3,364,396 | €3,924,753 | +€560,357 | +16.7% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €294,700 | +€42,100 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,111,796 | €3,630,053 | +€518,257 | +16.7% |
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 12 October 2026 via checked.be.