Chemex: 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.
Chemex
Largest movements
- Cash +€66,733
up €66,733 (+64.7%), from €103,121 to €169,854
mainly Receivables within one year (+€65,451) and Net result for the year (+€38,305)
- Receivables within one year -€65,451
down €65,451 (-70.6%), from €92,717 to €27,266
of which Trade receivables: -€65,644
- Tangible fixed assets +€11,676
up €11,676 (+1586.2%), from €736 to €12,412
of which Plant, machinery and equipment: +€12,107
- Reserves +€38,305
up €38,305 (+48.9%), from €78,268 to €116,573
- Trade debts -€27,709
down €27,709 (-57.8%), from €47,976 to €20,267
- Tax, wage and social debts +€2,688
up €2,688 (+13.4%), from €20,101 to €22,789
- Gross operating margin +€13,903
up €13,903 (+27.5%), from €50,499 to €64,401
- Staff costs +€7,222
new in 2025: €7,222
- Taxes +€2,360
up €2,360 (+19.5%), from €12,120 to €14,480
- Depreciation +€1,834
up €1,834 (+107.5%), from €1,706 to €3,540
- Financial charges -€791
down €791 (-90.6%), from €873 to €82
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,774 | €210,960 | +€12,186 | +6.1% |
| Fixed assets | 21/28 | €2,936 | €13,840 | +€10,903 | +371.3% |
| Intangible fixed assets | 21 | €1,969 | €1,197 | -€772 | -39.2% |
| Tangible fixed assets | 22/27 | €736 | €12,412 | +€11,676 | +1586.2% |
| Plant, machinery and equipment | 23 | €305 | €12,412 | +€12,107 | +3965.8% |
| Furniture and vehicles | 24 | €431 | €0 | -€431 | -100.0% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €195,838 | €197,120 | +€1,282 | +0.7% |
| Amounts receivable within one year | 40/41 | €92,717 | €27,266 | -€65,451 | -70.6% |
| Trade receivables | 40 | €92,623 | €26,979 | -€65,644 | -70.9% |
| Other amounts receivable | 41 | €94 | €288 | +€194 | +205.9% |
| Cash at bank and in hand | 54/58 | €103,121 | €169,854 | +€66,733 | +64.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €198,774 | €210,960 | +€12,186 | +6.1% |
| Equity | 10/15 | €79,268 | €117,573 | +€38,305 | +48.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €78,268 | €116,573 | +€38,305 | +48.9% |
| Distributable reserves | 133 | €78,268 | €116,573 | +€38,305 | +48.9% |
| Amounts payable | 17/49 | €119,506 | €93,387 | -€26,119 | -21.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,256 | €43,387 | -€24,868 | -36.4% |
| Trade debts | 44 | €47,976 | €20,267 | -€27,709 | -57.8% |
| Suppliers | 440/4 | €47,976 | €20,267 | -€27,709 | -57.8% |
| Taxes, remuneration and social security | 45 | €20,101 | €22,789 | +€2,688 | +13.4% |
| Taxes | 450/3 | €20,101 | €22,789 | +€2,688 | +13.4% |
| Other amounts payable | 47/48 | €178 | €331 | +€153 | +85.9% |
| Accrued charges and deferred income | 492/3 | €51,251 | €50,000 | -€1,251 | -2.4% |
| Remuneration, social security and pensions | 62 | - | €7,222 | +€7,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,706 | €3,540 | +€1,834 | +107.5% |
| Other operating charges | 640/8 | €456 | €773 | +€317 | +69.5% |
| Gross operating margin | 9900 | €50,499 | €64,401 | +€13,903 | +27.5% |
| Operating profit (loss) | 9901 | €48,337 | €52,867 | +€4,530 | +9.4% |
| Financial charges | 65/66B | €873 | €82 | -€791 | -90.6% |
| Recurring financial charges | 65 | €873 | €82 | -€791 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €47,464 | €52,785 | +€5,321 | +11.2% |
| Income taxes | 67/77 | €12,120 | €14,480 | +€2,360 | +19.5% |
| Profit (loss) for the period | 9904 | €35,344 | €38,305 | +€2,961 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,344 | €38,305 | +€2,961 | +8.4% |
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 9 October 2026 via checked.be.