CHEMFOR: what changed
What changed
CHEMFOR
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
-€5,413
2024 · €26,907-€32,320
Equity
€220,815
2024 · €226,228-€5,413
Cash
€113,199
2024 · €112,480+€720
Balance sheet total
€284,247
2024 · €291,578-€7,331
Largest movements
Assets
- Receivables within one year -€28,359
down €28,359 (-17.3%), from €163,916 to €135,557
of which Other amounts receivable: -€20,735
- Stocks and contracts +€27,500
up €27,500, from €0 to €27,500
- Tangible fixed assets -€4,892
down €4,892 (-38.0%), from €12,883 to €7,991
Equity and liabilities
- Trade debts +€19,125
up €19,125 (+44.8%), from €42,698 to €61,823
- Short-term financial debts -€17,500
down €17,500 (-100%), from €17,500 to €0
- Profit (loss) carried forward -€5,413
down €5,413 (-4.3%), from €125,468 to €120,055
Income statement
- Gross operating margin -€51,679
down €51,679 (-90.8%), from €56,917 to €5,238
- Write-downs -€22,638
down €22,638, from €11,319 to -€11,319
- Taxes -€13,102
down €13,102 (-99.6%), from €13,149 to €47
- Other operating charges +€10,779
up €10,779 (+2,565%), from €420 to €11,199
- Financial charges +€5,204
up €5,204 (+531%), from €980 to €6,184
of which Non-recurring financial charges: +€5,352
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,907
Gross operating margin
-€51,679
Write-downs
+€22,638
Other operating charges
-€10,779
Financial income
-€399
Financial charges
-€5,204
Taxes
+€13,102
Result 2025
-€5,413
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,920
Investment
+€2,300
Financing
-€17,500
Cash 2024
€112,480
From operations (derived)
+€15,920
Net result for the year
-€5,413
Depreciation
+€4,892
Stocks and contracts
-€27,500
Receivables within one year
+€28,359
Trade debts
+€19,125
Tax, wage and social debts
-€2,823
Other debts
-€720
Investment (derived)
+€2,300
Investment in fixed assets (net)
+€2,300
Financing
-€17,500
Short-term financial debts
-€17,500
Cash 2025
€113,199
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,578 | €284,247 | -€7,331 | -2.5% |
| Fixed assets | 21/28 | €15,183 | €7,991 | -€7,192 | -47.4% |
| Tangible fixed assets | 22/27 | €12,883 | €7,991 | -€4,892 | -38.0% |
| Plant, machinery and equipment | 23 | €3,758 | €1,618 | -€2,139 | -56.9% |
| Furniture and vehicles | 24 | €1,166 | €626 | -€539 | -46.3% |
| Other tangible fixed assets | 26 | €7,960 | €5,746 | -€2,213 | -27.8% |
| Financial fixed assets | 28 | €2,300 | €0 | -€2,300 | -100% |
| Current assets | 29/58 | €276,395 | €276,256 | -€139 | -0.1% |
| Stocks and contracts in progress | 3 | €0 | €27,500 | +€27,500 | |
| Stocks | 30/36 | €0 | €27,500 | +€27,500 | |
| Amounts receivable within one year | 40/41 | €163,916 | €135,557 | -€28,359 | -17.3% |
| Trade receivables | 40 | €33,163 | €25,539 | -€7,623 | -23.0% |
| Other amounts receivable | 41 | €130,753 | €110,018 | -€20,735 | -15.9% |
| Cash at bank and in hand | 54/58 | €112,480 | €113,199 | +€720 | +0.6% |
| Total equity and liabilities | 10/49 | €291,578 | €284,247 | -€7,331 | -2.5% |
| Equity | 10/15 | €226,228 | €220,815 | -€5,413 | -2.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €86,500 | €86,500 | = | 0.0% |
| Distributable reserves | 133 | €86,500 | €86,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,468 | €120,055 | -€5,413 | -4.3% |
| Amounts payable | 17/49 | €65,350 | €63,432 | -€1,918 | -2.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,350 | €63,432 | -€1,918 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €17,500 | €0 | -€17,500 | -100% |
| Credit institutions | 430/8 | €17,500 | €0 | -€17,500 | -100% |
| Trade debts | 44 | €42,698 | €61,823 | +€19,125 | +44.8% |
| Suppliers | 440/4 | €42,698 | €61,823 | +€19,125 | +44.8% |
| Taxes, remuneration and social security | 45 | €4,432 | €1,609 | -€2,823 | -63.7% |
| Taxes | 450/3 | €4,432 | €1,609 | -€2,823 | -63.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €720 | €0 | -€720 | -100% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,892 | €4,892 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,319 | -€11,319 | -€22,638 | |
| Other operating charges | 640/8 | €420 | €11,199 | +€10,779 | +2,565% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €56,917 | €5,238 | -€51,679 | -90.8% |
| Operating profit (loss) | 9901 | €40,286 | €466 | -€39,820 | -98.8% |
| Financial income | 75/76B | €750 | €352 | -€399 | -53.1% |
| Recurring financial income | 75 | €750 | €352 | -€399 | -53.1% |
| Financial charges | 65/66B | €980 | €6,184 | +€5,204 | +531% |
| Recurring financial charges | 65 | €980 | €832 | -€148 | -15.1% |
| Non-recurring financial charges | 66B | €0 | €5,352 | +€5,352 | |
| Profit (loss) for the period before taxes | 9903 | €40,056 | -€5,366 | -€45,422 | |
| Income taxes | 67/77 | €13,149 | €47 | -€13,102 | -99.6% |
| Profit (loss) for the period | 9904 | €26,907 | -€5,413 | -€32,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,907 | -€5,413 | -€32,320 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.