FROID-ELEC: 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.
FROID-ELEC
Largest movements
- Receivables within one year -€94,549
down €94,549 (-57.8%), from €163,668 to €69,119
of which Trade receivables: -€67,475
- Deferred charges and accrued income +€7,952
up €7,952 (+261.8%), from €3,038 to €10,990
- Tangible fixed assets -€5,030
down €5,030 (-11.2%), from €44,769 to €39,739
of which Plant, machinery and equipment: -€6,180
- Trade debts -€110,504
no longer reported in 2025 (was €110,504)
- Reserves +€27,741
up €27,741 (+13.9%), from €199,855 to €227,596
of which Distributable reserves: +€27,741
- Tax, wage and social debts -€7,216
down €7,216 (-27.2%), from €26,480 to €19,265
of which Taxes: -€11,179
- Staff costs +€8,815
up €8,815 (+4.9%), from €181,390 to €190,205
- Gross operating margin +€6,081
up €6,081 (+2.5%), from €241,374 to €247,455
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 | €350,495 | €259,124 | -€91,371 | -26.1% |
| Fixed assets | 21/28 | €44,769 | €39,739 | -€5,030 | -11.2% |
| Tangible fixed assets | 22/27 | €44,769 | €39,739 | -€5,030 | -11.2% |
| Plant, machinery and equipment | 23 | €40,695 | €34,514 | -€6,180 | -15.2% |
| Furniture and vehicles | 24 | €4,074 | €5,224 | +€1,150 | +28.2% |
| Current assets | 29/58 | €305,726 | €219,385 | -€86,340 | -28.2% |
| Amounts receivable within one year | 40/41 | €163,668 | €69,119 | -€94,549 | -57.8% |
| Trade receivables | 40 | €116,238 | €48,763 | -€67,475 | -58.0% |
| Other amounts receivable | 41 | €47,430 | €20,356 | -€27,074 | -57.1% |
| Cash at bank and in hand | 54/58 | €139,020 | €139,277 | +€257 | +0.2% |
| Deferred charges and accrued income | 490/1 | €3,038 | €10,990 | +€7,952 | +261.8% |
| Total equity and liabilities | 10/49 | €350,495 | €259,124 | -€91,371 | -26.1% |
| Equity | 10/15 | €207,649 | €235,390 | +€27,741 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €199,855 | €227,596 | +€27,741 | +13.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €197,995 | €225,736 | +€27,741 | +14.0% |
| Profit (loss) carried forward | 14 | €1,594 | €1,594 | = | 0.0% |
| Amounts payable | 17/49 | €142,845 | €23,734 | -€119,112 | -83.4% |
| Amounts payable within one year | 42/48 | €142,725 | €23,734 | -€118,992 | -83.4% |
| Current portion of amounts payable after more than one year | 42 | €3,374 | €3,801 | +€427 | +12.7% |
| Trade debts | 44 | €110,504 | - | -€110,504 | |
| Suppliers | 440/4 | €110,504 | - | -€110,504 | |
| Advances received on contracts in progress | 46 | €2,367 | - | -€2,367 | |
| Taxes, remuneration and social security | 45 | €26,480 | €19,265 | -€7,216 | -27.2% |
| Taxes | 450/3 | €11,371 | €192 | -€11,179 | -98.3% |
| Remuneration and social security | 454/9 | €15,110 | €19,073 | +€3,963 | +26.2% |
| Other amounts payable | 47/48 | - | €668 | +€668 | |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Non-recurring operating income | 76A | - | €10,063 | +€10,063 | |
| Remuneration, social security and pensions | 62 | €181,390 | €190,205 | +€8,815 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €12,092 | -€2,222 | -15.5% |
| Other operating charges | 640/8 | €2,375 | €1,984 | -€390 | -16.4% |
| Gross operating margin | 9900 | €241,374 | €247,455 | +€6,081 | +2.5% |
| Operating profit (loss) | 9901 | €43,295 | €43,174 | -€121 | -0.3% |
| Financial income | 75/76B | €1 | €5 | +€4 | +487.5% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +487.5% |
| Financial charges | 65/66B | €245 | €449 | +€204 | +83.3% |
| Recurring financial charges | 65 | €245 | €449 | +€204 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €43,051 | €42,730 | -€321 | -0.7% |
| Income taxes | 67/77 | €16,056 | €14,989 | -€1,067 | -6.6% |
| Profit (loss) for the period | 9904 | €26,995 | €27,741 | +€746 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,995 | €27,741 | +€746 | +2.8% |
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 5 October 2026 via checked.be.