GENERAL FROID: 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.
GENERAL FROID
Largest movements
- Tangible fixed assets +€29,894
up €29,894 (+36.6%), from €81,787 to €111,680
of which Furniture and vehicles: +€43,039
- Receivables within one year -€12,893
down €12,893 (-8.2%), from €157,976 to €145,084
of which Trade receivables: -€27,192
- Stocks and contracts -€10,910
down €10,910 (-13.6%), from €80,437 to €69,527
- Trade debts +€30,420
up €30,420 (+30.7%), from €98,996 to €129,417
- Tax, wage and social debts +€22,468
up €22,468 (+59.8%), from €37,557 to €60,025
of which Remuneration and social security: +€19,167
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year +€16,166
up €16,166 (+88.2%), from €18,329 to €34,494
- Accrued charges and deferred income -€15,669
down €15,669 (-61.0%), from €25,681 to €10,012
- Staff costs +€96,518
up €96,518 (+35.4%), from €272,569 to €369,087
- Gross operating margin +€82,694
up €82,694 (+26.0%), from €317,724 to €400,419
- Depreciation +€10,159
up €10,159 (+30.0%), from €33,851 to €44,010
- Taxes -€4,954
down €4,954 (-85.5%), from €5,791 to €837
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.
Derived cash bridge
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 | €550,833 | €565,616 | +€14,782 | +2.7% |
| Fixed assets | 21/28 | €87,326 | €122,539 | +€35,212 | +40.3% |
| Intangible fixed assets | 21 | €5,540 | €10,858 | +€5,318 | +96.0% |
| Tangible fixed assets | 22/27 | €81,787 | €111,680 | +€29,894 | +36.6% |
| Plant, machinery and equipment | 23 | €18,815 | €13,450 | -€5,365 | -28.5% |
| Furniture and vehicles | 24 | €45,416 | €88,455 | +€43,039 | +94.8% |
| Other tangible fixed assets | 26 | €17,555 | €9,775 | -€7,780 | -44.3% |
| Current assets | 29/58 | €463,507 | €443,077 | -€20,430 | -4.4% |
| Stocks and contracts in progress | 3 | €80,437 | €69,527 | -€10,910 | -13.6% |
| Stocks | 30/36 | €80,437 | €69,527 | -€10,910 | -13.6% |
| Amounts receivable within one year | 40/41 | €157,976 | €145,084 | -€12,893 | -8.2% |
| Trade receivables | 40 | €151,627 | €124,435 | -€27,192 | -17.9% |
| Other amounts receivable | 41 | €6,350 | €20,649 | +€14,299 | +225% |
| Cash at bank and in hand | 54/58 | €201,232 | €205,908 | +€4,675 | +2.3% |
| Deferred charges and accrued income | 490/1 | €23,861 | €22,558 | -€1,303 | -5.5% |
| Total equity and liabilities | 10/49 | €550,833 | €565,616 | +€14,782 | +2.7% |
| Equity | 10/15 | €268,230 | €253,511 | -€14,719 | -5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €78,665 | €78,665 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,250 | €68,250 | = | 0.0% |
| Distributable reserves | 133 | €10,415 | €10,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,973 | €156,254 | -€14,719 | -8.6% |
| Amounts payable | 17/49 | €282,603 | €312,104 | +€29,501 | +10.4% |
| Amounts payable after more than one year | 17 | €18,329 | €34,494 | +€16,166 | +88.2% |
| Financial debts | 170/4 | €18,329 | €34,494 | +€16,166 | +88.2% |
| Amounts payable within one year | 42/48 | €238,593 | €267,598 | +€29,005 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €19,424 | €29,296 | +€9,872 | +50.8% |
| Trade debts | 44 | €98,996 | €129,417 | +€30,420 | +30.7% |
| Suppliers | 440/4 | €98,996 | €129,417 | +€30,420 | +30.7% |
| Advances received on contracts in progress | 46 | €62,616 | €48,860 | -€13,756 | -22.0% |
| Taxes, remuneration and social security | 45 | €37,557 | €60,025 | +€22,468 | +59.8% |
| Taxes | 450/3 | €5,854 | €9,154 | +€3,300 | +56.4% |
| Remuneration and social security | 454/9 | €31,703 | €50,870 | +€19,167 | +60.5% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €25,681 | €10,012 | -€15,669 | -61.0% |
| Remuneration, social security and pensions | 62 | €272,569 | €369,087 | +€96,518 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,851 | €44,010 | +€10,159 | +30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€360 | €426 | +€787 | |
| Other operating charges | 640/8 | €1,789 | €936 | -€853 | -47.7% |
| Gross operating margin | 9900 | €317,724 | €400,419 | +€82,694 | +26.0% |
| Operating profit (loss) | 9901 | €9,876 | -€14,040 | -€23,916 | |
| Financial income | 75/76B | €5,524 | €5,420 | -€104 | -1.9% |
| Recurring financial income | 75 | €5,524 | €5,420 | -€104 | -1.9% |
| Financial charges | 65/66B | €5,177 | €5,261 | +€84 | +1.6% |
| Recurring financial charges | 65 | €5,177 | €5,261 | +€84 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €10,223 | -€13,881 | -€24,104 | |
| Income taxes | 67/77 | €5,791 | €837 | -€4,954 | -85.5% |
| Profit (loss) for the period | 9904 | €4,431 | -€14,719 | -€19,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,431 | -€14,719 | -€19,150 |
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 21 October 2026 via checked.be.