Frigus Solutions: 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.
Frigus Solutions
Largest movements
- Cash +€177,739
up €177,739 (+1322.4%), from €13,441 to €191,179
mainly Current investments (+€119,153) and Net result for the year (+€103,507)
- Current investments -€119,153
down €119,153 (-39.8%), from €299,601 to €180,448
- Tangible fixed assets -€5,729
down €5,729 (-4.2%), from €136,789 to €131,061
of which Land and buildings: -€4,354
- Reserves +€103,507
up €103,507 (+27.9%), from €371,642 to €475,149
of which Distributable reserves: +€103,507
- Other debts -€35,428
down €35,428 (-49.7%), from €71,215 to €35,788
- Current portion of long-term debt -€13,057
down €13,057 (-91.6%), from €14,251 to €1,194
- Gross operating margin +€22,213
up €22,213 (+20.0%), from €111,223 to €133,436
- Financial income -€11,274
down €11,274 (-38.9%), from €28,970 to €17,695
- Taxes +€7,483
up €7,483 (+24.2%), from €30,883 to €38,366
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,085 | €541,042 | +€53,957 | +11.1% |
| Fixed assets | 21/28 | €136,789 | €131,061 | -€5,729 | -4.2% |
| Tangible fixed assets | 22/27 | €136,789 | €131,061 | -€5,729 | -4.2% |
| Land and buildings | 22 | €129,643 | €125,288 | -€4,354 | -3.4% |
| Furniture and vehicles | 24 | €7,147 | €5,772 | -€1,374 | -19.2% |
| Current assets | 29/58 | €350,295 | €409,981 | +€59,686 | +17.0% |
| Amounts receivable within one year | 40/41 | €28,958 | €33,402 | +€4,444 | +15.3% |
| Trade receivables | 40 | €21,618 | €28,674 | +€7,055 | +32.6% |
| Other amounts receivable | 41 | €7,340 | €4,729 | -€2,611 | -35.6% |
| Current investments | 50/53 | €299,601 | €180,448 | -€119,153 | -39.8% |
| Cash at bank and in hand | 54/58 | €13,441 | €191,179 | +€177,739 | +1322.4% |
| Deferred charges and accrued income | 490/1 | €8,296 | €4,951 | -€3,345 | -40.3% |
| Total equity and liabilities | 10/49 | €487,085 | €541,042 | +€53,957 | +11.1% |
| Equity | 10/15 | €390,192 | €493,699 | +€103,507 | +26.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €371,642 | €475,149 | +€103,507 | +27.9% |
| Tax-exempt reserves | 132 | €21,054 | €21,054 | = | 0.0% |
| Distributable reserves | 133 | €350,588 | €454,095 | +€103,507 | +29.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,893 | €47,343 | -€49,550 | -51.1% |
| Amounts payable after more than one year | 17 | €1,194 | €0 | -€1,194 | -100.0% |
| Financial debts | 170/4 | €1,194 | €0 | -€1,194 | -100.0% |
| Amounts payable within one year | 42/48 | €94,152 | €47,343 | -€46,809 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €14,251 | €1,194 | -€13,057 | -91.6% |
| Financial debts | 43 | €42 | €18 | -€24 | -56.7% |
| Credit institutions | 430/8 | €42 | €18 | -€24 | -56.7% |
| Trade debts | 44 | €1,430 | €1,366 | -€64 | -4.5% |
| Suppliers | 440/4 | €1,430 | €1,366 | -€64 | -4.5% |
| Taxes, remuneration and social security | 45 | €7,213 | €8,977 | +€1,764 | +24.5% |
| Taxes | 450/3 | €7,213 | €8,977 | +€1,764 | +24.5% |
| Other amounts payable | 47/48 | €71,215 | €35,788 | -€35,428 | -49.7% |
| Accrued charges and deferred income | 492/3 | €1,547 | €0 | -€1,547 | -100.0% |
| Non-recurring operating income | 76A | €4,132 | €0 | -€4,132 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €7,106 | +€525 | +8.0% |
| Other operating charges | 640/8 | €1,584 | €1,583 | -€1 | -0.1% |
| Non-recurring operating charges | 66A | €1,303 | €0 | -€1,303 | -100.0% |
| Gross operating margin | 9900 | €111,223 | €133,436 | +€22,213 | +20.0% |
| Operating profit (loss) | 9901 | €101,754 | €124,747 | +€22,993 | +22.6% |
| Financial income | 75/76B | €28,970 | €17,695 | -€11,274 | -38.9% |
| Recurring financial income | 75 | €28,970 | €17,695 | -€11,274 | -38.9% |
| Financial charges | 65/66B | €713 | €570 | -€143 | -20.1% |
| Recurring financial charges | 65 | €713 | €570 | -€143 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €130,011 | €141,873 | +€11,862 | +9.1% |
| Income taxes | 67/77 | €30,883 | €38,366 | +€7,483 | +24.2% |
| Profit (loss) for the period | 9904 | €99,128 | €103,507 | +€4,379 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,128 | €103,507 | +€4,379 | +4.4% |
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 4 October 2026 via checked.be.