SOLVAY (0403.091.220): financials and annual accounts

SOLVAY

Brussels ·KBO/BCE: BE 0403.091.220

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	4.88bn	5.58bn	5.58bn	15.95bn	15.38bn	15.59bn	18.37bn	19.34bn	20.17bn	19.49bn	19.72bn	12.54bn	13.30bn	12.09bn	14.37bn	13.67bn	7.00bn	6.62bn
Formation expenses`20`	-	-	-	-	-	-	-	-	32,646	151,829	275,010	446,844	579,204	880,674	1.2m	1.5m	1.8m	2.1m
Fixed assets`21/28`	4.06bn	4.54bn	4.56bn	11.44bn	11.31bn	11.24bn	13.29bn	13.88bn	13.00bn	18.26bn	15.97bn	11.77bn	12.23bn	10.77bn	9.11bn	8.06bn	5.32bn	4.27bn
Intangible fixed assets`21`	57.6m	52.3m	65.1m	116.8m	123.2m	137.7m	164.2m	171.9m	176.7m	94.2m	128.1m	130.9m	101.6m	92.3m	96.2m	82.0m	61.9m	37.8m
Tangible fixed assets`22/27`	33.6m	56.0m	56.4m	72.5m	69.4m	63.6m	64.0m	54.7m	49.7m	51.3m	56.5m	60.3m	68.2m	65.9m	56.5m	60.5m	63.7m	63.4m
Land and buildings`22`	23.9m	39.2m	39.8m	44.3m	41.6m	38.8m	35.3m	28.9m	30.1m	31.2m	32.9m	35.0m	42.1m	41.4m	39.7m	43.7m	45.1m	45.3m
Plant, machinery and equipment`23`	4.0m	7.1m	8.2m	21.1m	18.1m	17.0m	13.0m	10.6m	11.1m	9.2m	11.0m	13.6m	14.2m	11.9m	11.3m	7.3m	7.3m	8.0m
Furniture and vehicles`24`	3.2m	3.5m	2.4m	3.5m	4.3m	4.4m	3.6m	3.9m	4.0m	6.4m	7.3m	3.8m	3.5m	3.2m	2.9m	1.8m	1.2m	1.4m
Other tangible fixed assets`26`	-	-	-	-	3,014	6,308	15,731	29,501	1.0m	1.1m	1.1m	1.0m	999,887	999,887	999,887	999,887	999,887	999,887
Assets under construction and advance payments`27`	2.6m	6.3m	5.9m	3.6m	5.5m	3.4m	12.1m	11.3m	3.5m	3.4m	4.3m	6.8m	7.5m	8.5m	1.6m	6.7m	9.1m	7.7m
Financial fixed assets`28`	3.97bn	4.43bn	4.44bn	11.25bn	11.12bn	11.03bn	13.06bn	13.66bn	12.77bn	18.11bn	15.79bn	11.58bn	12.06bn	10.61bn	8.95bn	7.92bn	5.19bn	4.16bn
Affiliated companies`280/1`	3.96bn	4.42bn	4.43bn	11.23bn	11.10bn	11.02bn	13.04bn	13.64bn	12.75bn	18.09bn	15.76bn	11.54bn	12.02bn	10.52bn	8.86bn	7.80bn	5.15bn	4.14bn
Participating interests`280`	3.39bn	3.59bn	3.63bn	11.11bn	11.04bn	10.93bn	13.00bn	13.50bn	12.50bn	15.55bn	14.67bn	11.54bn	12.02bn	10.52bn	8.86bn	7.80bn	5.15bn	4.14bn
Amounts receivable`281`	563.1m	823.3m	795.0m	114.3m	54.8m	81.2m	42.4m	135.4m	245.5m	2.54bn	1.09bn	-	-	-	-	-	-	-
Companies linked by participating interests`282/3`	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	1.7m	2.0m	3.4m	3.7m	4.2m	4.2m	4.2m	27.9m	27.3m	20.7m	17.4m	18.1m
Participating interests`282`	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	1.7m	2.0m	3.4m	3.7m	4.2m	4.2m	4.2m	27.9m	27.3m	20.7m	17.4m	18.1m
Other financial fixed assets`284/8`	6.8m	6.9m	8.3m	20.2m	16.1m	16.6m	16.8m	17.8m	19.9m	20.0m	24.5m	31.9m	32.4m	70.1m	70.4m	94.9m	24.3m	2.2m
Shares`284`	6.1m	5.9m	5.6m	17.6m	13.5m	14.0m	14.3m	15.6m	18.3m	19.4m	23.9m	31.3m	30.8m	23.4m	23.5m	23.5m	23.5m	1.4m
Amounts receivable and cash guarantees`285/8`	676,625	1.0m	2.6m	2.6m	2.6m	2.6m	2.6m	2.2m	1.6m	617,456	622,743	627,761	1.6m	46.7m	46.9m	71.4m	766,180	772,080
Current assets`29/58`	823.0m	1.04bn	1.02bn	4.51bn	4.07bn	4.36bn	5.08bn	5.46bn	7.18bn	1.23bn	3.74bn	771.6m	1.07bn	1.32bn	5.26bn	5.61bn	1.68bn	2.36bn
Amounts receivable after more than one year`29`	166,340	809,882	284,021	295,650	323,566	364,331	904,349	930,953	945,851	961,930	1.1m	1.1m	507.6m	510.1m	4.13bn	517.6m	513.1m	14.3m
Trade receivables`290`	-	-	-	-	-	-	-	-	-	-	-	-	-	90,069	1.3m	7.4m	2.4m	2.4m
Other amounts receivable`291`	166,340	809,882	284,021	295,650	323,566	364,331	904,349	930,953	945,851	961,930	1.1m	1.1m	507.6m	510.0m	4.13bn	510.1m	510.7m	11.9m
Stocks and contracts in progress`3`	2.6m	4.4m	6.5m	3.4m	10.6m	96,132	101,771	93,882	1.4m	3.7m	3.3m	571,421	3.2m	11.3m	11.7m	38.1m	22.7m	31.5m
Stocks`30/36`	2.0m	4.2m	6.5m	3.4m	10.5m	40,558	45,153	39,143	57,587	288,503	294,444	293,202	330,756	4.6m	4.6m	30.8m	17.7m	29.8m
Raw materials and consumables`30/31`	2.0m	4.2m	6.5m	3.4m	10.5m	40,558	44,153	39,143	57,587	288,503	294,444	293,202	330,756	3.5m	3.5m	11.5m	5.9m	6.4m
Work in progress`32`	-	-	-	-	-	-	-	-	-	-	-	-	-	280,338	266,151	187,345	-	47,424
Finished goods`33`	-	-	-	-	-	-	-	-	-	-	-	-	-	835,392	860,851	7.5m	4.0m	10.5m
Goods purchased for resale`34`	-	-	-	-	-	-	1,000	-	-	-	-	-	-	2,028	2,028	11.5m	7.9m	12.9m
Contracts in progress`37`	542,808	144,406	-	18,352	55,574	55,574	56,618	54,739	1.3m	3.4m	3.0m	278,219	2.8m	6.7m	7.1m	7.3m	5.0m	1.8m
Amounts receivable within one year`40/41`	538.4m	745.5m	706.6m	3.83bn	3.37bn	3.67bn	4.72bn	4.95bn	6.91bn	282.9m	327.6m	731.1m	421.0m	251.0m	232.6m	253.6m	193.1m	1.12bn
Trade receivables`40`	306.6m	474.0m	379.0m	999.4m	830.1m	638.8m	862.7m	886.4m	1.03bn	180.5m	218.7m	137.5m	193.5m	148.2m	114.9m	103.4m	61.7m	84.1m
Other amounts receivable`41`	231.8m	271.5m	327.6m	2.83bn	2.54bn	3.03bn	3.86bn	4.06bn	5.87bn	102.4m	108.9m	593.5m	227.5m	102.9m	117.8m	150.2m	131.4m	1.04bn
Current investments`50/53`	203.3m	179.4m	135.0m	45.0m	244.2m	305.6m	-	74.6m	171	923.3m	3.39bn	-	110.2m	527.4m	785.5m	4.77bn	939.3m	1.17bn
Own shares`50`	39.1m	36.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	61.0m	-	-
Other investments`51/53`	164.2m	143.0m	135.0m	45.0m	244.2m	305.6m	-	74.6m	171	923.3m	3.39bn	-	110.2m	527.4m	785.5m	4.71bn	939.3m	1.17bn
Cash at bank and in hand`54/58`	59.9m	84.1m	149.3m	611.4m	436.3m	348.9m	338.0m	417.5m	229.7m	1.1m	3.3m	11.2m	5.2m	1.4m	7.7m	10.2m	76,522	376,332
Deferred charges and accrued income`490/1`	18.6m	26.2m	23.9m	22.2m	14.9m	33.7m	18.8m	17.7m	38.0m	21.8m	14.6m	27.5m	19.4m	19.7m	95.5m	25.9m	15.6m	24.7m
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	4.88bn	5.58bn	5.58bn	15.95bn	15.38bn	15.59bn	18.37bn	19.34bn	20.17bn	19.49bn	19.72bn	12.54bn	13.30bn	12.09bn	14.37bn	13.67bn	7.00bn	6.62bn
Equity`10/15`	1.63bn	1.82bn	1.85bn	9.02bn	9.00bn	8.87bn	11.34bn	11.21bn	11.08bn	10.73bn	10.69bn	7.76bn	7.50bn	7.41bn	6.75bn	6.68bn	4.16bn	4.14bn
Contributions`10/11`	415.4m	415.4m	415.4m	2.79bn	2.79bn	2.79bn	1.59bn	1.59bn	1.59bn	1.59bn	1.59bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn
Capital`10`	236.6m	236.6m	236.6m	1.59bn	1.59bn	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	236.6m	236.6m	236.6m	1.59bn	1.59bn	1.59bn	1.59bn	1.59bn	1.59bn	1.59bn	1.59bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn	1.27bn
Contributions outside capital`11`	178.8m	178.8m	178.8m	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	18.2m	18.2m	18.2m	18.2m	18.2m	18.2m	18.2m
Share premium`1100/10`	178.8m	178.8m	178.8m	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	1.20bn	18.2m	18.2m	18.2m	18.2m	18.2m	18.2m	18.2m
Reserves`13`	180.5m	177.7m	141.3m	1.98bn	1.98bn	1.98bn	1.98bn	1.98bn	1.98bn	1.98bn	1.98bn	1.95bn	1.95bn	1.95bn	1.95bn	1.95bn	1.95bn	1.95bn
Non-distributable reserves`130/1`	62.8m	60.1m	23.7m	158.8m	158.8m	158.8m	-	-	-	-	-	-	-	-	-	61.2m	-	-
Legal reserve`130`	23.7m	23.7m	23.7m	158.8m	158.8m	158.8m	158.8m	158.8m	158.8m	158.8m	158.8m	127.1m	127.1m	127.1m	127.1m	127.1m	127.1m	127.1m
Own shares acquired`1312`	39.1m	36.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	61.2m	-	-
Tax-exempt reserves`132`	114.4m	114.4m	114.4m	767.8m	767.8m	767.8m	767.8m	767.8m	798.7m	798.7m	798.7m	798.7m	798.7m	798.7m	798.7m	798.7m	798.7m	798.7m
Distributable reserves`133`	3.3m	3.3m	3.3m	1.06bn	1.06bn	1.06bn	1.06bn	1.06bn	1.02bn	1.02bn	1.02bn	1.02bn	1.02bn	1.02bn	1.02bn	960.8m	1.02bn	1.02bn
Profit (loss) carried forward`14`	1.03bn	1.23bn	1.30bn	4.25bn	4.22bn	4.10bn	6.57bn	6.44bn	6.31bn	5.96bn	5.92bn	4.52bn	4.26bn	4.17bn	3.51bn	3.45bn	925.1m	908.2m
Investment grants`15`	-	-	-	-	-	-	-	-	-	-	-	819,325	943,819	1.1m	954,455	-	-	-
Provisions and deferred taxes`16`	195.1m	196.9m	190.6m	230.3m	187.9m	578.0m	309.1m	323.1m	253.7m	369.4m	330.5m	357.8m	332.9m	375.3m	360.4m	323.6m	308.4m	240.6m
Provisions for liabilities and charges`160/5`	195.1m	196.9m	190.6m	230.3m	187.9m	578.0m	309.1m	323.1m	253.7m	369.4m	330.5m	357.8m	332.9m	375.3m	360.4m	323.6m	308.4m	240.6m
Pensions and similar obligations`160`	50.9m	69.3m	101.1m	112.9m	138.5m	202.9m	203.0m	228.2m	207.4m	295.5m	280.7m	322.6m	284.6m	280.4m	263.0m	215.0m	193.6m	182.8m
Taxes`161`	2.0m	2.0m	-	-	-	-	143,140	2.5m	2.4m	13.2m	2.8m	4.0m	2.4m	1.0m	2.6m	2.6m	1.4m	1.4m
Major repairs and maintenance`162`	-	-	-	-	-	-	-	-	-	-	16.5m	17.2m	32.9m	32.1m	23.3m	17.8m	23.7m	23.9m
Environmental obligations`163`	84.8m	64.7m	67.4m	15.0m	14.7m	14.6m	15.2m	14.5m	14.7m	15.8m	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	57.5m	61.0m	22.1m	102.4m	34.7m	360.4m	90.6m	77.9m	29.2m	44.9m	30.4m	14.0m	13.0m	61.8m	71.4m	88.2m	89.7m	32.5m
Deferred taxes`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Amounts payable`17/49`	3.06bn	3.55bn	3.53bn	6.69bn	6.20bn	6.14bn	6.72bn	7.81bn	8.84bn	8.39bn	8.70bn	4.42bn	5.46bn	4.31bn	7.25bn	6.67bn	2.53bn	2.24bn
Amounts payable after more than one year`17`	1.50bn	1.50bn	1.50bn	1.92bn	2.42bn	3.15bn	2.65bn	2.05bn	2.45bn	4.25bn	5.25bn	2.50bn	3.02bn	2.32bn	2.32bn	2.01bn	2.02bn	1.01bn
Financial debts`170/4`	1.50bn	1.50bn	1.50bn	1.92bn	2.42bn	3.15bn	2.65bn	2.05bn	2.45bn	4.25bn	5.25bn	2.50bn	3.01bn	2.30bn	2.30bn	2.00bn	2.00bn	988.9m
Subordinated loans`170`	-	-	-	800.0m	800.0m	800.0m	300.0m	300.0m	-	-	-	-	-	-	-	-	-	-
Unsubordinated bonds`171`	1.50bn	1.50bn	-	1.10bn	1.10bn	1.85bn	1.85bn	1.25bn	1.25bn	1.75bn	2.75bn	494.8m	994.5m	988.0m	986.2m	984.5m	982.9m	981.4m
Credit institutions`173`	-	-	1.50bn	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans`174`	-	-	-	21.3m	521.1m	500.0m	500.0m	500.0m	1.20bn	2.50bn	2.50bn	2.00bn	2.01bn	1.31bn	1.31bn	1.01bn	1.01bn	7.4m
Trade debts`175`	-	-	-	-	-	-	-	-	-	-	-	-	13.7m	15.6m	16.5m	16.7m	16.9m	21.5m
Suppliers`1750`	-	-	-	-	-	-	-	-	-	-	-	-	13.7m	15.6m	16.5m	16.7m	16.9m	21.5m
Other amounts payable`178/9`	992,731	3.8m	14,711	269,230	111,799	1.7m	2.4m	-	-	1.5m	1.2m	1.2m	997,735	1.1m	1.1m	1.2m	1.2m	1.1m
Amounts payable within one year`42/48`	1.49bn	1.98bn	1.99bn	4.73bn	3.75bn	2.95bn	4.04bn	5.72bn	6.35bn	4.06bn	3.36bn	1.82bn	2.33bn	1.87bn	4.79bn	4.54bn	394.0m	1.18bn
Current portion of amounts payable after more than one year`42`	-	-	-	500.0m	377.5m	-	-	700.0m	382.1m	-	-	-	1.5m	1.3m	1.6m	5.1m	3.7m	9.9m
Financial debts`43`	68.0m	73.1m	86.0m	7.5m	4.2m	1.4m	701.4m	264.9m	415.8m	3.41bn	2.79bn	1.25bn	1.85bn	1.39bn	4.34bn	4.12bn	6.7m	785.6m
Credit institutions`430/8`	190,359	48,039	4.6m	7.1m	3.0m	1.3m	701.4m	264.1m	412.6m	1.4m	324.0m	75.0m	2.2m	1.6m	770,502	1.5m	2.6m	456.5m
Other loans`439`	67.8m	73.0m	81.4m	343,148	1.1m	66,861	36,915	740,155	3.2m	3.41bn	2.46bn	1.17bn	1.85bn	1.39bn	4.34bn	4.12bn	4.1m	329.0m
Trade debts`44`	90.7m	95.0m	156.2m	147.4m	128.5m	99.9m	83.5m	80.0m	143.7m	179.2m	142.9m	153.2m	142.7m	133.4m	135.0m	101.1m	70.3m	66.8m
Suppliers`440/4`	90.7m	95.0m	156.2m	147.4m	128.5m	99.9m	83.5m	80.0m	143.7m	179.2m	142.9m	153.2m	142.7m	133.4m	135.0m	101.1m	70.3m	66.8m
Advances received on contracts in progress`46`	12.3m	5.6m	2.0m	16.1m	28.3m	6.7m	9.3m	5.9m	5.8m	18,000	18,000	18,000	18,000	27,555	18,000	180,327	557,849	607,227
Taxes, remuneration and social security`45`	68.4m	76.7m	82.9m	126.7m	99.1m	101.7m	99.6m	84.3m	99.3m	106.7m	75.8m	90.5m	62.0m	66.6m	51.8m	45.6m	55.6m	61.4m
Taxes`450/3`	42.0m	47.8m	38.8m	61.7m	42.3m	40.1m	48.7m	30.2m	46.1m	58.7m	23.1m	33.0m	18.8m	32.3m	9.1m	4.8m	17.8m	19.4m
Remuneration and social security`454/9`	26.3m	29.0m	44.2m	65.1m	56.8m	61.6m	50.9m	54.1m	53.2m	48.0m	52.6m	57.6m	43.2m	34.3m	42.7m	40.8m	37.8m	42.0m
Other amounts payable`47/48`	1.25bn	1.73bn	1.67bn	3.94bn	3.11bn	2.74bn	3.15bn	4.58bn	5.31bn	368.1m	352.0m	325.4m	272.6m	277.7m	261.7m	262.4m	257.1m	256.8m
Accrued charges and deferred income`492/3`	66.0m	74.4m	41.7m	38.2m	28.8m	42.9m	27.4m	45.3m	40.0m	76.3m	86.3m	99.7m	114.0m	115.7m	146.2m	115.1m	121.7m	44.5m
Income statement
Operating income`70/76A`	666.4m	767.9m	1.21bn	1.28bn	1.42bn	867.6m	986.7m	1.02bn	967.3m	794.4m	1.03bn	955.5m	999.8m	798.1m	981.7m	902.5m	711.1m	813.4m
Turnover`70`	72.2m	83.6m	111.1m	140.6m	50.7m	11.1m	12.5m	11.3m	8.5m	10.8m	126.0m	305.0m	324.6m	295.2m	484.8m	427.1m	250.2m	405.0m
Change in stocks of work in progress, finished goods and contracts in progress`71`	397,205	1.1m	-18,352	-37,222	-	-1,044	78,585	-750,956	-62,125	327,137	3.4m	-24.0m	-4.7m	-245,691	6.4m	8.3m	-85.5m	17.7m
Own construction capitalised`72`	17.1m	11.6m	24.0m	20.2m	13.5m	17.0m	24.9m	46.8m	54.9m	50.6m	53.1m	61.7m	66.8m	56.0m	63.0m	58.0m	58.1m	4.2m
Other operating income`74`	538.8m	632.4m	895.1m	1.06bn	860.0m	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	37.8m	39.1m	179.8m	59.5m	494.6m	58.0m	35.7m	99.0m	50.8m	10.7m	1.94bn	234.0m	202.5m	11.9m	245.4m	2.63bn	69.6m	6.0m
Operating charges`60/66A`	690.9m	683.7m	1.23bn	1.15bn	991.1m	1.12bn	854.5m	982.0m	829.5m	913.5m	935.9m	1.16bn	1.20bn	1.01bn	1.18bn	973.0m	774.0m	942.5m
Goods for resale, raw materials and consumables`60`	62.9m	75.5m	121.9m	138.9m	52.7m	11.2m	11.7m	13.3m	10.2m	8.7m	120.4m	306.2m	347.2m	292.3m	425.9m	382.2m	219.8m	373.5m
Purchases`600/8`	60.6m	73.2m	125.0m	131.6m	63.2m	11.2m	11.7m	13.3m	8.2m	8.7m	120.4m	306.2m	343.7m	292.0m	426.1m	386.0m	214.2m	368.0m
Change in stocks: decrease (increase)`609`	2.2m	2.3m	-3.1m	7.3m	-10.5m	4,595	70,696	18,444	2.0m	5,942	-1,242	7,429	3.4m	286,370	-213,254	-3.8m	5.6m	5.4m
Services and other goods`61`	387.7m	391.2m	669.2m	667.8m	517.3m	497.3m	528.0m	516.5m	485.2m	502.4m	537.9m	521.8m	536.5m	414.1m	414.5m	334.2m	283.7m	314.9m
Remuneration, social security and pensions`62`	112.1m	121.3m	198.1m	198.7m	303.2m	197.9m	211.3m	199.0m	198.2m	208.8m	205.8m	208.7m	206.7m	210.0m	194.2m	189.5m	183.1m	191.1m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	31.6m	32.2m	52.5m	46.2m	44.4m	43.8m	46.3m	67.6m	88.3m	100.3m	70.2m	69.6m	69.9m	66.6m	53.4m	41.9m	38.3m	42.3m
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-4.2m	-20.3m	12.6m	-5.9m	4.7m	123,847	-3.1m	24.8m	15.6m	-1.8m	-616,892	3.1m	-1,156	-167,685	25,338	138,187	646,406	1.3m
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	10.2m	-2.3m	-43.6m	58.4m	-73.9m	-75.2m	-852,772	42.2m	-14.8m	34.2m	-34.9m	20.9m	12.0m	4.2m	58.2m	-6.1m	15.3m	-9.1m
Other operating charges`640/8`	18.8m	38.4m	87.2m	38.8m	29.6m	47.0m	43.6m	30.2m	40.7m	36.0m	37.2m	29.2m	29.5m	22.7m	31.7m	31.2m	33.2m	28.4m
Non-recurring operating charges`66A`	71.8m	47.7m	131.1m	11.1m	113.1m	400.0m	17.4m	88.4m	6.1m	24.9m	187.3m	541.5m	100.4m	161.1m	36.7m	83.8m	148.1m	21.1m
Operating profit (loss)`9901`	-24.6m	84.2m	-18.8m	127.7m	427.8m	-254.6m	132.2m	41.8m	137.9m	-119.0m	93.9m	-204.0m	-201.9m	-211.6m	-196.2m	-70.5m	-63.0m	-129.1m
Financial income`75/76B`	422.3m	432.0m	2.76bn	660.3m	767.0m	563.3m	1.60bn	688.0m	1.36bn	891.5m	207.3m	1.28bn	573.8m	1.43bn	488.7m	443.5m	506.3m	622.0m
Recurring financial income`75`	421.7m	387.3m	2.08bn	654.7m	622.4m	553.6m	1.58bn	292.7m	446.7m	668.6m	207.3m	1.28bn	573.8m	1.43bn	488.7m	443.5m	506.3m	622.0m
Income from financial fixed assets`750`	289.3m	270.0m	1.80bn	420.8m	470.4m	289.5m	1.47bn	177.4m	238.7m	467.3m	95.9m	1.23bn	535.5m	1.37bn	363.2m	390.9m	447.1m	472.5m
Income from current assets`751`	55.4m	53.9m	66.0m	32.7m	25.6m	46.2m	55.5m	61.7m	72.2m	54.4m	15.2m	31.8m	27.9m	51.4m	115.8m	48.8m	55.7m	147.3m
Other financial income`752/9`	77.0m	63.4m	212.5m	201.3m	126.4m	217.9m	50.3m	53.5m	135.8m	146.9m	96.3m	21.6m	10.4m	4.0m	9.7m	3.9m	3.5m	2.2m
Non-recurring financial income`76B`	644,553	44.6m	680.7m	5.5m	144.5m	9.7m	25.7m	395.3m	912.3m	222.9m	-	-	-	-	-	-	-	-
Financial charges`65/66B`	334.7m	283.7m	1.14bn	322.0m	662.1m	2.38bn	1.19bn	193.1m	741.7m	372.8m	300.5m	243.0m	151.6m	156.3m	210.7m	161.9m	100.1m	116.7m
Recurring financial charges`65`	187.4m	190.8m	455.9m	318.7m	223.0m	313.2m	170.4m	178.3m	381.0m	354.5m	300.5m	243.0m	151.6m	156.3m	210.7m	161.9m	100.1m	116.7m
Debt charges`650`	101.9m	119.1m	239.9m	123.0m	98.8m	95.2m	127.5m	123.4m	174.2m	202.0m	171.3m	187.7m	147.3m	151.3m	207.5m	159.2m	96.9m	112.7m
Other financial charges`652/9`	85.5m	71.7m	216.0m	195.8m	124.2m	218.0m	42.9m	54.9m	206.8m	152.4m	129.2m	55.3m	4.4m	5.0m	3.3m	2.7m	3.3m	4.0m
Non-recurring financial charges`66B`	147.3m	92.9m	685.0m	3.3m	439.1m	2.07bn	1.02bn	14.8m	360.7m	18.3m	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	63.1m	232.4m	1.60bn	466.0m	532.7m	-2.07bn	545.6m	536.7m	755.3m	399.7m	1.75bn	525.3m	322.4m	913.3m	290.5m	2.75bn	264.8m	361.1m
Income taxes`67/77`	4.0m	5.4m	4.1m	11.6m	899,517	-2.1m	18.5m	11.0m	22.7m	-4.2m	-18.7m	-24.6m	-36.6m	-19.7m	-34.2m	-28.3m	-471,379	-15.2m
Taxes`670/3`	4.3m	5.7m	12.3m	20.0m	11.0m	7.2m	21.4m	15.4m	28.2m	33.4m	4.9m	7.2m	3.4m	2.3m	1.9m	2.4m	3.0m	-
Tax adjustments and reversals of tax provisions`77`	363,578	352,080	8.3m	8.4m	10.1m	9.3m	2.9m	4.4m	5.5m	37.7m	23.6m	31.9m	40.0m	22.1m	36.0m	30.7m	3.5m	15.2m
Profit (loss) for the period`9904`	59.1m	227.0m	1.59bn	454.4m	531.8m	-2.07bn	527.1m	525.7m	732.6m	403.9m	1.77bn	549.9m	359.0m	933.0m	324.7m	2.78bn	265.3m	376.4m
Profit (loss) for the period to be appropriated`9905`	59.1m	227.0m	1.59bn	454.4m	531.8m	-2.07bn	527.1m	525.7m	732.6m	403.9m	1.77bn	549.9m	359.0m	933.0m	324.7m	2.78bn	265.3m	376.4m
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.29bn	1.52bn	1.56bn	4.68bn	4.63bn	4.50bn	6.96bn	6.83bn	6.69bn	6.32bn	6.30bn	4.81bn	4.53bn	4.45bn	3.77bn	3.71bn	1.17bn	1.16bn
Profit (loss) brought forward from the previous period`14P`	1.23bn	1.30bn	-37.5m	4.22bn	4.10bn	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	2.7m	36.4m	-	-	-	-	-	-	-	-	31.8m	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	31.8m	-	-	-	-	-	-	-
To other reserves`6921`	2.7m	36.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	254.6m	257.3m	257.3m	428.8m	407.6m	397.0m	397.0m	397.0m	381.2m	365.3m	349.4m	288.0m	271.0m	271.0m	259.8m	259.8m	248.5m	248.5m
Return on contributions (dividend)`694`	254.6m	257.3m	257.3m	428.8m	407.6m	397.0m	397.0m	397.0m	381.2m	365.3m	349.4m	288.0m	271.0m	271.0m	259.8m	259.8m	248.5m	248.5m
Social balance sheet
Average staff (FTE)`9087`	317	357.5	726.4	761.4	796.5	853.5	839.2	813.9	815.9	789.5	800.2	818.5	799.3	820.4	936.4	968.3	984.9	1,150.6
Men (FTE)`1003`	179.9	200.4	415.4	437.2	463.8	505.7	499	478	481.2	468.4	478.8	493.3	492.4	513.8	-	-	-	-
Women (FTE)`1003`	136.9	157.1	311	324.2	332.7	347.8	340.2	335.9	334.7	321.1	321.4	325.2	306.9	306.6	-	-	-	-
Agency workers`1501`	0.8	1.3	1.4	1.5	3	2.7	5.3	6.9	4.1	4.6	0.4	4.4	1.9	0.1	1.2	1.6	1.4	3.5
Hours worked`1013`	509,573	589,852	1,212,143	1,251,106	1,327,514	1,308,146	1,378,627	1,343,660	1,346,852	1,300,872	1,318,227	1,329,998	1,286,585	1,328,904	1,500,916	1,573,389	1,579,995	2,005,838
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Financial year	Type	Filed	Reference	Document
31-12-2025	consolidated	26-05-2026	2026-00124615	PDF
31-12-2025	full format	26-05-2026	2026-00129847	PDF
31-12-2024	consolidated	21-05-2025	2025-00104937	PDF
31-12-2024	full format	16-05-2025	2025-00100055	PDF
31-12-2023	full format	31-05-2024	2024-00106166	PDF
31-12-2023	consolidated	30-05-2024	2024-00107126	PDF
31-12-2022	consolidated	11-05-2023	2023-00086329	PDF
31-12-2022	full format	11-05-2023	2023-00086505	PDF
31-12-2021	consolidated	17-05-2022	2022-20032196	PDF
31-12-2021	full format	12-05-2022	2022-20028116	PDF
31-12-2020	consolidated	31-05-2021	2021-16300065	PDF
31-12-2020	full format	18-05-2021	2021-14700322	PDF
31-12-2019	consolidated	25-05-2020	2020-12900416	PDF
31-12-2019	full format	14-05-2020	2020-12200070	PDF
31-12-2018	consolidated	21-05-2019	2019-13900099	PDF
31-12-2018	full format	16-05-2019	2019-13300572	PDF
31-12-2017	consolidated	18-05-2018	2018-13300204	PDF
31-12-2017	full format	14-05-2018	2018-12700138	PDF
31-12-2016	consolidated	17-05-2017	2017-12700178	PDF
31-12-2016	full format	17-05-2017	2017-12700358	PDF
31-12-2015	consolidated	12-05-2016	2016-12400494	PDF
31-12-2015	full format	11-05-2016	2016-12300344	PDF
31-12-2014	consolidated	20-05-2015	2015-12500322	PDF
31-12-2014	full format	19-05-2015	2015-12400128	PDF
31-12-2013	consolidated	03-06-2014	2014-15200217	PDF
31-12-2013	full format	27-05-2014	2014-14300111	PDF
31-12-2012	consolidated	05-06-2013	2013-16300273	PDF
31-12-2012	full format	23-05-2013	2013-13000559	PDF
31-12-2011	consolidated	01-06-2012	2012-14800102	PDF
31-12-2011	full format	23-05-2012	2012-12800293	PDF
31-12-2010	consolidated	30-05-2011	2011-13200505	PDF
31-12-2010	full format	30-05-2011	2011-13100561	PDF
31-12-2009	consolidated	08-06-2010	2010-16200530	PDF
31-12-2009	full format	31-05-2010	2010-13900223	PDF
31-12-2008	consolidated	23-06-2009	2009-27700071	PDF
31-12-2008	full format	08-06-2009	2009-20200079	PDF
31-12-2007	consolidated	28-05-2008	2008-16000125	PDF
31-12-2007	full format	28-05-2008	2008-16000123	PDF
31-12-2006	consolidated	23-05-2007	2007-15200232	PDF
31-12-2006	full format	23-05-2007	2007-15200233	PDF
31-12-2005	consolidated	29-05-2006	2006-16500177	PDF
31-12-2005	full format	29-05-2006	2006-16500179	PDF
31-12-2004	consolidated	16-06-2005	2005-25900242	PDF
31-12-2004	full format	16-06-2005	2005-25900239	PDF
31-12-2003	full format	25-06-2004	2004-30600268	PDF
31-12-2003	consolidated	08-06-2004	2004-20600051	PDF
31-12-2002	consolidated	24-06-2003	2003-27800238	PDF
31-12-2001	consolidated	25-06-2002	2002-25700115	PDF
31-12-2000	consolidated	28-06-2001	2001-27500209	PDF
31-12-2000	full format	28-06-2001	2001-27500210	PDF
31-12-1999	consolidated	30-06-2000	2000-31700062	PDF
31-12-1999	full format	29-06-2000	2000-31000134	PDF
31-12-1998	consolidated	25-06-1999	1999-23902911	PDF
31-12-1997	consolidated	26-06-1998	1998-24600934	PDF
31-12-1996	consolidated	26-06-1997	1997-21603422	PDF
31-12-1995	consolidated	11-07-1996	1996-31901932	PDF
31-12-1994	consolidated	10-07-1995	1995-38600617	PDF
31-12-1993	consolidated	24-06-1994	1994-19801416	PDF
31-12-1992	consolidated	06-07-1993	1993-23801057	PDF
31-12-1991	consolidated	29-06-1992	1992-16101902	PDF
31-12-1990	consolidated	02-07-1991	1991-15005381	PDF
31-12-1989	consolidated	29-06-1990	1990-13003229	PDF
31-12-1988	consolidated	18-07-1989	1989-17304423	PDF
31-12-1987	consolidated	01-07-1988	1988-12802965	PDF
31-12-1986	consolidated	29-06-1987	1987-13305010	PDF
31-12-1985	consolidated	25-06-1986	1986-19302279	PDF
31-12-1984	consolidated	03-07-1985	1985-20600582	PDF
31-12-1983	consolidated	29-06-1984	1984-08301550	PDF
31-12-1982	consolidated	01-07-1983	1983-08001405	PDF
31-12-1981	consolidated	01-07-1982	1982-07801840	PDF
31-12-1980	consolidated	09-07-1981	1981-08601864	PDF
31-12-1979	consolidated	24-07-1980	1980-09601913	PDF
31-12-1978	consolidated	18-07-1979	1979-09100635	PDF
31-12-1977	consolidated	07-07-1978	1978-04300172	PDF

Year	Entries	Awarded
2024	1	€2.9m
2023	2	€0.1m
2022	3	€3.0m

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	7.1m	116.4m	33.7m	173.9m	472.2m	-210.7m	178.5m	109.4m	226.1m	-18.7m	164.1m	-134.4m	-132.0m	-145.0m	-142.8m	-28.6m	-24.7m	-86.8m
Cash flow	90.8m	259.2m	1.65bn	500.6m	576.2m	-2.02bn	573.4m	593.3m	820.8m	504.2m	1.84bn	619.5m	428.9m	999.6m	378.1m	2.82bn	303.5m	418.7m
Investment in fixed assets	26.7m	32.5m	3.07bn	103.5m	501.3m	17.8m	1.78bn	2.23bn	3.92bn	1.04bn	3.36bn	1.36bn	1.74bn	1.87bn	1.14bn	287.4m	1.27bn	1.30bn
Change in cash	-24.2m	-65.2m	-462.1m	175.1m	87.4m	10.8m	-79.5m	187.8m	228.6m	-2.2m	-7.9m	6.0m	3.8m	-6.3m	-2.5m	10.1m	-299,810	-
Working capital	-666.1m	-936.1m	-970.8m	-226.0m	324.8m	1.41bn	1.04bn	-257.8m	824.7m	-2.83bn	382.6m	-1.05bn	-1.26bn	-550.1m	470.5m	1.08bn	1.29bn	1.17bn
EBIT margin	-34.0%	-	-16.9%	90.8%	-	-	-	-	-	-	74.5%	-66.9%	-62.2%	-71.7%	-40.5%	-16.5%	-25.2%	-31.9%
Solvency	33.4%	32.7%	33.2%	56.6%	58.5%	56.9%	61.7%	57.9%	54.9%	55.0%	54.2%	61.9%	56.4%	61.3%	47.0%	48.9%	59.4%	62.6%
Current ratio	0.55	0.53	0.51	0.95	1.09	1.48	1.26	0.95	1.13	0.30	1.11	0.42	0.46	0.71	1.10	1.24	4.27	1.99
Quick ratio	0.55	0.52	0.51	0.95	1.08	1.48	1.26	0.95	1.13	0.30	1.11	0.42	0.46	0.70	1.10	1.23	4.22	1.97
Debt to equity	1.88	1.95	1.91	0.74	0.69	0.69	0.59	0.70	0.80	0.78	0.81	0.57	0.73	0.58	1.07	1.00	0.61	0.54
ROE	3.6%	12.4%	85.9%	5.0%	5.9%	-23.3%	4.6%	4.7%	6.6%	3.8%	16.6%	7.1%	4.8%	12.6%	4.8%	41.6%	6.4%	9.1%
ROA	1.2%	4.1%	28.5%	2.8%	3.5%	-13.3%	2.9%	2.7%	3.6%	2.1%	9.0%	4.4%	2.7%	7.7%	2.3%	20.3%	3.8%	5.7%
Interest coverage	0.07	0.98	0.14	1.41	4.78	-2.21	1.40	0.89	1.30	-0.09	0.96	-0.72	-0.90	-0.96	-0.69	-0.18	-0.25	-0.77
Customer credit	1549 days	2069 days	1245 days	2594 days	5973 days	21082 days	25155 days	28755 days	44337 days	6081 days	633 days	165 days	218 days	183 days	86 days	88 days	90 days	76 days
Supplier credit	74 days	74 days	72 days	67 days	82 days	72 days	56 days	55 days	106 days	128 days	79 days	68 days	59 days	69 days	59 days	51 days	51 days	35 days

By activity	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024	2025
commerce de produits chimiques industriels et de matières fossiles (en %)	-	-	-	-	-	-	-	-	-	-	-	€100	€100
commerce de produits chimiques industriels et de matières fossiles	-	-	-	-	-	-	-	-	-	-	€100	-	-
Handel in industriële chemicaliën en fossiele brandstoffen	-	-	-	-	-	-	-	-	-	€100	-	-	-
Groothandel in de chemisch industrie (in %)	-	-	-	-	-	€100	€100	-	€100	-	-	-	-
Commerce de gros de produits chimiques industriels (en %)	-	-	-	-	€100	-	-	€100	-	-	-	-	-
Groothandel in de plastic industrie	-	-	-	€86	-	-	-	-	-	-	-	-	-
Groothandel in de chemisch industrie	€98	€100	-	€14	-	-	-	-	-	-	-	-	-
Commerce de gros de produits chimiques industriels.	-	-	€100	-	-	-	-	-	-	-	-	-	-
Total	€98	€100	€100	€100	€100	€100	€100	€100	€100	€100	€100	€100	€100

SOLVAY

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency33.4%

Current ratio0.55

Return on assets1.2%

Staff

Men and women43% women

Staff cost per FTE€353,620

Joined and left-27

Filed annual accounts

Filings

Subsidies and aid

Federal government 2023, 1 entry, €980,300 in total

European Union 2022 to 2024, 6 entries, €6.0m in total

Projects

Key figures and ratios

Revenue breakdown

By activity 2025

By geographic market 2020

By activity

By geographic market

Social balance sheet

Investments

Auditor

Insights on SOLVAY

Next steps

By geographic market	2012	2013	2014	2015	2016	2017	2018	2019	2020
Andere landen (en %)	-	-	-	-	-	€41	€51	-	€69
België (en %)	-	-	-	-	-	€35	€19	-	€17
Europa (buiten België) (in %)	-	-	-	-	-	€24	€30	-	€14
Autres pays (en %)	-	-	-	-	€46	-	-	€51	-
Belgique (en %)	-	-	-	-	€34	-	-	€25	-
Europe (hors Belgique)	-	-	-	-	-	-	-	€24	-
CEE (en %)	-	-	-	-	€20	-	-	-	-
België	€90	€92	-	€86	-	-	-	-	-
Andere landen	-	-	-	€9	-	-	-	-	-
EEC	€10	€8	-	€5	-	-	-	-	-
Belgique	-	-	€90	-	-	-	-	-	-
CEE	-	-	€10	-	-	-	-	-	-
Total	€100	€100	€100	€100	€100	€100	€100	€100	€100

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	310	337	404	776	785
full-time	278	303	372	709	709
part-time	32	34	32	67	76
in full-time equivalents	304	330	397.5	761.7	769.4
Average over the year, in full-time equivalents	316.8	357.5	726.4	761.4	796.5
On a permanent contract	309	336	401	767	778
Joined	32	26	74	91	60
Left	59	93	446	100	135
Agency workers, average number	0.8	1.3	1.4	1.5	3
Training hours	8,222	7,706	20,273	16,008	24,686

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2.5m	€7.8m	€61.5m	€11.6m	€13.5m
Intangible fixed assets	€24.0m	€12.0m	€12.8m	€17.4m	€13.2m
Financial fixed assets	€249,981	€12.6m	€2.99bn	€74.5m	€474.7m
Depreciation and write-downs of the year	€31.6m	€32.2m	€52.5m	€46.2m	€44.4m

Item	2025	2024	2023	2022	2021
Fee for the audit	€1.4m	€1.3m	€1.3m	€1.3m	€1.2m
Other work by the auditor	€1.3m	€1.6m	€1.7m	€661,895	€516,919
Work by persons linked to the auditor	-	-	€475,717	€170,000	€1,500