BRENNTAG: 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
BRENNTAG
NACE 46.851, Wholesale of industrial chemicals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52.6m
2024 · €57.2m-€4.6m
Equity
€163.8m
2024 · €111.2m+€52.6m
Cash
€12.5m
2024 · €15.9m-€3.4m
Balance sheet total
€398.9m
2024 · €439.7m-€40.7m
Largest movements
Assets
- Receivables within one year -€36.7m
down €36.7m (-28.6%), from €128.0m to €91.4m
of which Other amounts receivable: -€21.5m
Equity and liabilities
- Debts after one year -€60.1m
down €60.1m (-25.5%), from €235.9m to €175.9m
- Reserves +€52.6m
up €52.6m (+49.0%), from €107.2m to €159.8m
of which Distributable reserves: +€52.6m
- Short-term financial debts -€24.5m
down €24.5m (-100.0%), from €24.5m to €0
- Trade debts -€9.5m
down €9.5m (-20.2%), from €47.0m to €37.5m
Income statement
- Goods and materials -€24.4m
down €24.4m (-9.2%), from €264.5m to €240.1m
of which Purchases: -€24.4m
- Turnover -€23.2m
down €23.2m (-7.1%), from €326.3m to €303.1m
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
€57.2m
Turnover
-€23.2m
Other operating income
-€884,983
Goods and materials
+€24.4m
Services and other goods
-€2.2m
Staff costs
+€1.8m
Depreciation
-€316,191
Write-downs
-€236,801
Provisions
-€25,000
Other operating charges
+€48,627
Other operating items
-€76,679
Financial income
-€893,870
Financial charges
-€582,573
Taxes
-€2.4m
Result 2025
€52.6m
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
+€85.0m
Investment
-€3.9m
Financing
-€84.6m
Cash 2024
€15.9m
From operations (derived)
+€85.0m
Net result for the year
+€52.6m
Depreciation
+€4.4m
Stocks and contracts
+€590,520
Receivables within one year
+€36.7m
Deferred charges and accrued income
-€413,458
Provisions
+€25,000
Trade debts
-€9.5m
Tax, wage and social debts
-€631,409
Other debts
-€231,284
Accrued charges and deferred income
+€1.5m
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€3.9m
Financing
-€84.6m
Debts after one year
-€60.1m
Short-term financial debts
-€24.5m
Cash 2025
€12.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,689,446 | €398,945,592 | -€40.7m | -9.3% |
| Fixed assets | 21/28 | €278,520,007 | €277,993,351 | -€526,656 | -0.2% |
| Intangible fixed assets | 21 | €4,717,477 | €2,579,261 | -€2.1m | -45.3% |
| Tangible fixed assets | 22/27 | €16,282,010 | €17,895,053 | +€1.6m | +9.9% |
| Land and buildings | 22 | €6,578,125 | €6,694,940 | +€116,815 | +1.8% |
| Plant, machinery and equipment | 23 | €7,834,673 | €9,268,966 | +€1.4m | +18.3% |
| Furniture and vehicles | 24 | €1,869,211 | €1,931,147 | +€61,936 | +3.3% |
| Financial fixed assets | 28 | €257,520,519 | €257,519,036 | -€1,483 | 0.0% |
| Affiliated companies | 280/1 | €256,738,646 | €256,738,646 | = | 0.0% |
| Participating interests | 280 | €256,738,646 | €256,738,646 | = | 0.0% |
| Other financial fixed assets | 284/8 | €781,874 | €780,391 | -€1,483 | -0.2% |
| Amounts receivable and cash guarantees | 285/8 | €781,874 | €780,391 | -€1,483 | -0.2% |
| Current assets | 29/58 | €161,169,440 | €120,952,241 | -€40.2m | -25.0% |
| Stocks and contracts in progress | 3 | €13,617,530 | €13,027,010 | -€590,520 | -4.3% |
| Stocks | 30/36 | €13,617,530 | €13,027,010 | -€590,520 | -4.3% |
| Goods purchased for resale | 34 | €13,617,530 | €13,027,010 | -€590,520 | -4.3% |
| Amounts receivable within one year | 40/41 | €128,036,662 | €91,374,979 | -€36.7m | -28.6% |
| Trade receivables | 40 | €74,127,818 | €58,964,115 | -€15.2m | -20.5% |
| Other amounts receivable | 41 | €53,908,844 | €32,410,863 | -€21.5m | -39.9% |
| Cash at bank and in hand | 54/58 | €15,903,438 | €12,524,984 | -€3.4m | -21.2% |
| Deferred charges and accrued income | 490/1 | €3,611,810 | €4,025,268 | +€413,458 | +11.4% |
| Total equity and liabilities | 10/49 | €439,689,446 | €398,945,592 | -€40.7m | -9.3% |
| Equity | 10/15 | €111,243,317 | €163,836,186 | +€52.6m | +47.3% |
| Contributions | 10/11 | €4,008,707 | €4,008,707 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,707 | €8,707 | = | 0.0% |
| Share premium | 1100/10 | €8,707 | €8,707 | = | 0.0% |
| Reserves | 13 | €107,228,183 | €159,821,052 | +€52.6m | +49.0% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €518,287 | €518,287 | = | 0.0% |
| Distributable reserves | 133 | €106,309,896 | €158,902,765 | +€52.6m | +49.5% |
| Investment grants | 15 | €6,427 | €6,427 | = | 0.0% |
| Provisions and deferred taxes | 16 | €689,458 | €714,458 | +€25,000 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €689,458 | €714,458 | +€25,000 | +3.6% |
| Environmental obligations | 163 | €349,458 | €349,458 | = | 0.0% |
| Other liabilities and charges | 164/5 | €340,000 | €365,000 | +€25,000 | +7.4% |
| Amounts payable | 17/49 | €327,756,671 | €234,394,948 | -€93.4m | -28.5% |
| Amounts payable after more than one year | 17 | €235,917,858 | €175,867,748 | -€60.1m | -25.5% |
| Financial debts | 170/4 | €235,917,858 | €175,867,748 | -€60.1m | -25.5% |
| Other loans | 174 | €235,917,858 | €175,867,748 | -€60.1m | -25.5% |
| Amounts payable within one year | 42/48 | €87,292,005 | €52,443,486 | -€34.8m | -39.9% |
| Financial debts | 43 | €24,500,000 | €0 | -€24.5m | -100.0% |
| Other loans | 439 | €24,500,000 | €0 | -€24.5m | -100.0% |
| Trade debts | 44 | €46,955,627 | €37,469,801 | -€9.5m | -20.2% |
| Suppliers | 440/4 | €46,955,627 | €37,469,801 | -€9.5m | -20.2% |
| Taxes, remuneration and social security | 45 | €6,762,020 | €6,130,611 | -€631,409 | -9.3% |
| Taxes | 450/3 | €952,858 | €1,537,556 | +€584,698 | +61.4% |
| Remuneration and social security | 454/9 | €5,809,162 | €4,593,056 | -€1.2m | -20.9% |
| Other amounts payable | 47/48 | €9,074,358 | €8,843,074 | -€231,284 | -2.5% |
| Accrued charges and deferred income | 492/3 | €4,546,808 | €6,083,713 | +€1.5m | +33.8% |
| Operating income | 70/76A | €336,610,139 | €312,465,462 | -€24.1m | -7.2% |
| Turnover | 70 | €326,329,568 | €303,125,883 | -€23.2m | -7.1% |
| Other operating income | 74 | €10,187,363 | €9,302,380 | -€884,983 | -8.7% |
| Non-recurring operating income | 76A | €93,208 | €37,199 | -€56,009 | -60.1% |
| Operating charges | 60/66A | €317,686,756 | €294,311,462 | -€23.4m | -7.4% |
| Goods for resale, raw materials and consumables | 60 | €264,473,524 | €240,104,677 | -€24.4m | -9.2% |
| Purchases | 600/8 | €263,593,356 | €239,191,954 | -€24.4m | -9.3% |
| Change in stocks: decrease (increase) | 609 | €880,168 | €912,723 | +€32,555 | +3.7% |
| Services and other goods | 61 | €23,596,006 | €25,809,121 | +€2.2m | +9.4% |
| Remuneration, social security and pensions | 62 | €24,595,490 | €22,825,892 | -€1.8m | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,073,078 | €4,389,268 | +€316,191 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€103,785 | €133,015 | +€236,801 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €928,021 | €879,394 | -€48,627 | -5.2% |
| Non-recurring operating charges | 66A | €124,423 | €145,093 | +€20,670 | +16.6% |
| Operating profit (loss) | 9901 | €18,923,383 | €18,154,000 | -€769,384 | -4.1% |
| Financial income | 75/76B | €48,081,207 | €47,187,337 | -€893,870 | -1.9% |
| Recurring financial income | 75 | €48,081,207 | €47,187,337 | -€893,870 | -1.9% |
| Income from financial fixed assets | 750 | €46,263,731 | €45,182,362 | -€1.1m | -2.3% |
| Income from current assets | 751 | €1,745,781 | €1,360,133 | -€385,649 | -22.1% |
| Other financial income | 752/9 | €71,694 | €644,842 | +€573,148 | +799.4% |
| Financial charges | 65/66B | €7,615,479 | €8,198,052 | +€582,573 | +7.6% |
| Recurring financial charges | 65 | €7,615,479 | €8,198,052 | +€582,573 | +7.6% |
| Debt charges | 650 | €7,378,787 | €7,883,876 | +€505,089 | +6.8% |
| Other financial charges | 652/9 | €236,692 | €314,176 | +€77,484 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €59,389,111 | €57,143,284 | -€2.2m | -3.8% |
| Income taxes | 67/77 | €2,161,898 | €4,550,415 | +€2.4m | +110.5% |
| Taxes | 670/3 | €2,161,898 | €4,550,415 | +€2.4m | +110.5% |
| Profit (loss) for the period | 9904 | €57,227,213 | €52,592,869 | -€4.6m | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,227,213 | €52,592,869 | -€4.6m | -8.1% |
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.