ADVACHEM: 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
ADVACHEM
NACE 20.140, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€191,090
2024 · €1.4m-€1.6m
Equity
€12.5m
2024 · €24.8m-€12.3m
Cash
€2.0m
2024 · €7.4m-€5.5m
Balance sheet total
€18.8m
2024 · €31.8m-€13.0m
Largest movements
Assets
- Receivables within one year -€7.1m
down €7.1m (-56.8%), from €12.5m to €5.4m
of which Other amounts receivable: -€8.9m
- Cash -€5.5m
down €5.5m (-73.6%), from €7.4m to €2.0m
mainly Contributions, distributions and other (-€12.1m) and Stocks and contracts (-€1.1m)
- Stocks and contracts +€1.1m
up €1.1m (+53.0%), from €2.0m to €3.1m
- Tangible fixed assets -€840,620
down €840,620 (-9.2%), from €9.1m to €8.3m
- Deferred charges and accrued income -€687,752
down €687,752 (-95.3%), from €721,651 to €33,899
Equity and liabilities
- Profit (loss) carried forward -€12.2m
down €12.2m (-54.6%), from €22.3m to €10.2m
- Current portion of long-term debt -€507,509
down €507,509 (-78.1%), from €649,685 to €142,176
Income statement
- Turnover +€3.2m
up €3.2m (+8.9%), from €35.9m to €39.1m
- Goods and materials +€2.9m
up €2.9m (+11.4%), from €25.2m to €28.0m
of which Purchases: +€2.0m
- Services and other goods +€2.4m
up €2.4m (+45.0%), from €5.4m to €7.9m
- Provisions +€557,177
up €557,177, from -€249,277 to €307,900
- Taxes -€500,463
down €500,463, from €415,036 to -€85,427
of which Taxes: -€385,425
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
€1.4m
Turnover
+€3.2m
Other operating income
-€271,485
Goods and materials
-€2.9m
Services and other goods
-€2.4m
Staff costs
+€137,764
Depreciation
+€15,626
Provisions
-€557,177
Other operating charges
-€116,608
Other operating items
+€1.3m
Financial income
-€477,433
Financial charges
+€14,732
Taxes
+€500,463
Result 2025
-€191,090
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
+€7.7m
Investment
-€417,884
Financing
-€12.7m
Cash 2024
€7.4m
From operations (derived)
+€7.7m
Net result for the year
-€191,090
Depreciation
+€1.3m
Stocks and contracts
-€1.1m
Receivables within one year
+€7.1m
Deferred charges and accrued income
+€687,752
Provisions
+€307,900
Trade debts
-€236,986
Tax, wage and social debts
-€170,061
Accrued charges and deferred income
-€9,470
Investment (derived)
-€417,884
Investment in fixed assets (net)
-€417,884
Financing
-€12.7m
Debts after one year
-€128,676
Current portion of long-term debt
-€507,509
Contributions, distributions and other
-€12.1m
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,801,400 | €18,806,414 | -€13.0m | -40.9% |
| Fixed assets | 21/28 | €9,191,706 | €8,333,308 | -€858,398 | -9.3% |
| Intangible fixed assets | 21 | €43,537 | €25,759 | -€17,779 | -40.8% |
| Tangible fixed assets | 22/27 | €9,146,175 | €8,305,555 | -€840,620 | -9.2% |
| Land and buildings | 22 | €848,709 | €749,040 | -€99,669 | -11.7% |
| Plant, machinery and equipment | 23 | €5,493,281 | €5,096,744 | -€396,538 | -7.2% |
| Furniture and vehicles | 24 | €192,414 | €139,202 | -€53,212 | -27.7% |
| Leasing and similar rights | 25 | €2,573,932 | €2,274,588 | -€299,344 | -11.6% |
| Assets under construction and advance payments | 27 | €37,838 | €45,981 | +€8,143 | +21.5% |
| Financial fixed assets | 28 | €1,994 | €1,994 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,994 | €1,994 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,994 | €1,994 | = | 0.0% |
| Current assets | 29/58 | €22,609,694 | €10,473,106 | -€12.1m | -53.7% |
| Stocks and contracts in progress | 3 | €2,026,738 | €3,101,571 | +€1.1m | +53.0% |
| Stocks | 30/36 | €2,026,738 | €3,101,571 | +€1.1m | +53.0% |
| Raw materials and consumables | 30/31 | €1,450,378 | €1,320,105 | -€130,273 | -9.0% |
| Work in progress | 32 | €15,870 | €0 | -€15,870 | -100.0% |
| Finished goods | 33 | €560,490 | €1,781,466 | +€1.2m | +217.8% |
| Amounts receivable within one year | 40/41 | €12,456,047 | €5,384,162 | -€7.1m | -56.8% |
| Trade receivables | 40 | €2,518,996 | €4,378,873 | +€1.9m | +73.8% |
| Other amounts receivable | 41 | €9,937,051 | €1,005,289 | -€8.9m | -89.9% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,405,258 | €1,953,474 | -€5.5m | -73.6% |
| Deferred charges and accrued income | 490/1 | €721,651 | €33,899 | -€687,752 | -95.3% |
| Total equity and liabilities | 10/49 | €31,801,400 | €18,806,414 | -€13.0m | -40.9% |
| Equity | 10/15 | €24,753,200 | €12,503,016 | -€12.3m | -49.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €523,800 | €523,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €373,800 | €373,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,343,698 | €10,152,608 | -€12.2m | -54.6% |
| Investment grants | 15 | €385,702 | €326,608 | -€59,094 | -15.3% |
| Provisions and deferred taxes | 16 | €123,325 | €431,225 | +€307,900 | +249.7% |
| Provisions for liabilities and charges | 160/5 | €123,325 | €431,225 | +€307,900 | +249.7% |
| Pensions and similar obligations | 160 | €11,225 | €11,225 | = | 0.0% |
| Major repairs and maintenance | 162 | €112,100 | €420,000 | +€307,900 | +274.7% |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €6,924,876 | €5,872,173 | -€1.1m | -15.2% |
| Amounts payable after more than one year | 17 | €153,951 | €25,274 | -€128,676 | -83.6% |
| Financial debts | 170/4 | €153,951 | €25,274 | -€128,676 | -83.6% |
| Leasing and similar obligations | 172 | €153,951 | €25,274 | -€128,676 | -83.6% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,761,455 | €5,846,899 | -€914,556 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €649,685 | €142,176 | -€507,509 | -78.1% |
| Trade debts | 44 | €5,441,878 | €5,204,893 | -€236,986 | -4.4% |
| Suppliers | 440/4 | €5,441,878 | €5,204,893 | -€236,986 | -4.4% |
| Taxes, remuneration and social security | 45 | €669,892 | €499,831 | -€170,061 | -25.4% |
| Taxes | 450/3 | €23,761 | €6,465 | -€17,295 | -72.8% |
| Remuneration and social security | 454/9 | €646,131 | €493,366 | -€152,766 | -23.6% |
| Accrued charges and deferred income | 492/3 | €9,470 | €0 | -€9,470 | -100.0% |
| Operating income | 70/76A | €36,498,238 | €40,786,017 | +€4.3m | +11.7% |
| Turnover | 70 | €35,889,461 | €39,072,593 | +€3.2m | +8.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €144,008 | €1,220,976 | +€1.1m | +747.9% |
| Other operating income | 74 | €464,769 | €193,284 | -€271,485 | -58.4% |
| Non-recurring operating income | 76A | €0 | €299,164 | +€299,164 | |
| Operating charges | 60/66A | €35,215,575 | €41,144,917 | +€5.9m | +16.8% |
| Goods for resale, raw materials and consumables | 60 | €25,154,673 | €28,034,441 | +€2.9m | +11.4% |
| Purchases | 600/8 | €25,838,945 | €27,888,298 | +€2.0m | +7.9% |
| Change in stocks: decrease (increase) | 609 | -€684,272 | €146,143 | +€830,415 | |
| Services and other goods | 61 | €5,426,115 | €7,865,445 | +€2.4m | +45.0% |
| Remuneration, social security and pensions | 62 | €3,422,424 | €3,284,660 | -€137,764 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,291,909 | €1,276,282 | -€15,626 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€249,277 | €307,900 | +€557,177 | |
| Other operating charges | 640/8 | €169,732 | €286,339 | +€116,608 | +68.7% |
| Non-recurring operating charges | 66A | €0 | €89,851 | +€89,851 | |
| Operating profit (loss) | 9901 | €1,282,663 | -€358,900 | -€1.6m | |
| Financial income | 75/76B | €580,273 | €102,839 | -€477,433 | -82.3% |
| Recurring financial income | 75 | €580,273 | €102,839 | -€477,433 | -82.3% |
| Income from financial fixed assets | 750 | €1,299 | €0 | -€1,299 | -100.0% |
| Income from current assets | 751 | €245,499 | €10,621 | -€234,879 | -95.7% |
| Other financial income | 752/9 | €333,475 | €92,219 | -€241,256 | -72.3% |
| Financial charges | 65/66B | €35,188 | €20,456 | -€14,732 | -41.9% |
| Recurring financial charges | 65 | €35,188 | €20,456 | -€14,732 | -41.9% |
| Debt charges | 650 | €35,188 | €5,111 | -€30,077 | -85.5% |
| Other financial charges | 652/9 | €0 | €15,346 | +€15,346 | |
| Profit (loss) for the period before taxes | 9903 | €1,827,748 | -€276,517 | -€2.1m | |
| Income taxes | 67/77 | €415,036 | -€85,427 | -€500,463 | |
| Taxes | 670/3 | €415,036 | €29,611 | -€385,425 | -92.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €115,039 | +€115,039 | |
| Profit (loss) for the period | 9904 | €1,412,712 | -€191,090 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,412,712 | -€191,090 | -€1.6m |
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.