AETHER RENEWABLE CHEMICALS: 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.
AETHER RENEWABLE CHEMICALS
Largest movements
- Tangible fixed assets +€324,627
up €324,627 (+289%), from €112,172 to €436,799
of which Plant, machinery and equipment: +€294,456
- Intangible fixed assets +€222,000
up €222,000 (+101%), from €220,000 to €442,000
- Receivables within one year -€89,215
down €89,215 (-83.2%), from €107,179 to €17,964
of which Trade receivables: -€106,000
- Cash +€42,935
up €42,935 (+218%), from €19,700 to €62,635
mainly Other debts (+€430,000) and Receivables within one year (+€89,215)
- Other debts +€430,000
up €430,000 (+111%), from €388,300 to €818,300
- Trade debts +€68,599
up €68,599 (+335%), from €20,455 to €89,054
- Gross operating margin +€28,245
up €28,245 (+434%), from €6,506 to €34,751
- Depreciation +€23,827
up €23,827 (+417%), from €5,711 to €29,537
- Taxes +€3,112
new in 2025: €3,112
- Financial charges +€1,147
up €1,147 (+507%), from €226 to €1,373
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 | €459,050 | €959,468 | +€500,417 | +109% |
| Fixed assets | 21/28 | €332,172 | €878,799 | +€546,627 | +165% |
| Intangible fixed assets | 21 | €220,000 | €442,000 | +€222,000 | +101% |
| Tangible fixed assets | 22/27 | €112,172 | €436,799 | +€324,627 | +289% |
| Land and buildings | 22 | - | €28,996 | +€28,996 | |
| Plant, machinery and equipment | 23 | €112,172 | €406,628 | +€294,456 | +263% |
| Furniture and vehicles | 24 | - | €1,175 | +€1,175 | |
| Current assets | 29/58 | €126,879 | €80,669 | -€46,209 | -36.4% |
| Amounts receivable within one year | 40/41 | €107,179 | €17,964 | -€89,215 | -83.2% |
| Trade receivables | 40 | €106,000 | - | -€106,000 | |
| Other amounts receivable | 41 | €1,179 | €17,964 | +€16,785 | +1,424% |
| Cash at bank and in hand | 54/58 | €19,700 | €62,635 | +€42,935 | +218% |
| Deferred charges and accrued income | 490/1 | - | €71 | +€71 | |
| Total equity and liabilities | 10/49 | €459,050 | €959,468 | +€500,417 | +109% |
| Equity | 10/15 | €50,295 | €50,413 | +€118 | +0.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €295 | €413 | +€118 | +40.0% |
| Distributable reserves | 133 | €295 | €413 | +€118 | +40.0% |
| Amounts payable | 17/49 | €408,755 | €909,054 | +€500,299 | +122% |
| Amounts payable within one year | 42/48 | €408,755 | €909,054 | +€500,299 | +122% |
| Trade debts | 44 | €20,455 | €89,054 | +€68,599 | +335% |
| Suppliers | 440/4 | €20,455 | €89,054 | +€68,599 | +335% |
| Taxes, remuneration and social security | 45 | - | €1,700 | +€1,700 | |
| Taxes | 450/3 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €388,300 | €818,300 | +€430,000 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,711 | €29,537 | +€23,827 | +417% |
| Other operating charges | 640/8 | €529 | €611 | +€82 | +15.5% |
| Gross operating margin | 9900 | €6,506 | €34,751 | +€28,245 | +434% |
| Operating profit (loss) | 9901 | €266 | €4,603 | +€4,337 | +1,630% |
| Financial charges | 65/66B | €226 | €1,373 | +€1,147 | +507% |
| Recurring financial charges | 65 | €226 | €1,373 | +€1,147 | +507% |
| Profit (loss) for the period before taxes | 9903 | €40 | €3,230 | +€3,190 | +8,015% |
| Income taxes | 67/77 | - | €3,112 | +€3,112 | |
| Profit (loss) for the period | 9904 | €40 | €118 | +€78 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €40 | €118 | +€78 | +197% |
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 30 October 2026 via checked.be.