CHEMIFOR: 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.
CHEMIFOR
Largest movements
- Tangible fixed assets +€17,627
up €17,627 (+13.2%), from €133,286 to €150,914
of which Furniture and vehicles: +€15,396
- Intangible fixed assets -€11,668
down €11,668 (-64.0%), from €18,234 to €6,567
- Deferred charges and accrued income +€9,510
up €9,510 (+136%), from €7,001 to €16,511
- Cash +€8,139
up €8,139 (+56.5%), from €14,405 to €22,544
mainly Depreciation (+€44,327) and Other debts (+€17,940)
- Receivables within one year -€6,034
down €6,034 (-27.1%), from €22,254 to €16,220
of which Trade receivables: -€10,138
- Other debts +€17,940
up €17,940 (+3,544%), from €506 to €18,447
- Debts after one year +€11,743
up €11,743 (+8.7%), from €135,255 to €146,998
of which Financial debts: +€11,743
- Trade debts -€6,081
down €6,081 (-27.1%), from €22,469 to €16,388
- Current portion of long-term debt -€2,710
down €2,710 (-9.4%), from €28,902 to €26,192
- Tax, wage and social debts -€2,635
down €2,635 (-7.2%), from €36,731 to €34,096
of which Remuneration and social security: -€2,917
- Staff costs +€16,019
up €16,019 (+22.6%), from €70,892 to €86,911
- Taxes -€9,377
down €9,377 (-98.0%), from €9,571 to €194
- Depreciation +€4,985
up €4,985 (+12.7%), from €39,342 to €44,327
- Gross operating margin +€2,621
up €2,621 (+1.9%), from €140,487 to €143,108
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 | €216,095 | €237,247 | +€21,152 | +9.8% |
| Fixed assets | 21/28 | €151,521 | €157,480 | +€5,959 | +3.9% |
| Intangible fixed assets | 21 | €18,234 | €6,567 | -€11,668 | -64.0% |
| Tangible fixed assets | 22/27 | €133,286 | €150,914 | +€17,627 | +13.2% |
| Land and buildings | 22 | €63,842 | €59,834 | -€4,008 | -6.3% |
| Plant, machinery and equipment | 23 | €29,611 | €35,850 | +€6,239 | +21.1% |
| Furniture and vehicles | 24 | €39,834 | €55,230 | +€15,396 | +38.7% |
| Current assets | 29/58 | €64,574 | €79,767 | +€15,192 | +23.5% |
| Stocks and contracts in progress | 3 | €20,914 | €24,491 | +€3,577 | +17.1% |
| Stocks | 30/36 | €20,914 | €24,491 | +€3,577 | +17.1% |
| Amounts receivable within one year | 40/41 | €22,254 | €16,220 | -€6,034 | -27.1% |
| Trade receivables | 40 | €21,450 | €11,312 | -€10,138 | -47.3% |
| Other amounts receivable | 41 | €804 | €4,909 | +€4,104 | +510% |
| Cash at bank and in hand | 54/58 | €14,405 | €22,544 | +€8,139 | +56.5% |
| Deferred charges and accrued income | 490/1 | €7,001 | €16,511 | +€9,510 | +136% |
| Total equity and liabilities | 10/49 | €216,095 | €237,247 | +€21,152 | +9.8% |
| Equity | 10/15 | -€8,301 | -€7,259 | +€1,043 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,901 | -€25,859 | +€1,043 | +3.9% |
| Amounts payable | 17/49 | €224,396 | €244,506 | +€20,109 | +9.0% |
| Amounts payable after more than one year | 17 | €135,255 | €146,998 | +€11,743 | +8.7% |
| Financial debts | 170/4 | €111,255 | €122,998 | +€11,743 | +10.6% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,092 | €95,703 | +€6,612 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €28,902 | €26,192 | -€2,710 | -9.4% |
| Trade debts | 44 | €22,469 | €16,388 | -€6,081 | -27.1% |
| Suppliers | 440/4 | €22,469 | €16,388 | -€6,081 | -27.1% |
| Advances received on contracts in progress | 46 | €484 | €581 | +€97 | +20.0% |
| Taxes, remuneration and social security | 45 | €36,731 | €34,096 | -€2,635 | -7.2% |
| Taxes | 450/3 | €4,949 | €5,231 | +€282 | +5.7% |
| Remuneration and social security | 454/9 | €31,782 | €28,865 | -€2,917 | -9.2% |
| Other amounts payable | 47/48 | €506 | €18,447 | +€17,940 | +3,544% |
| Accrued charges and deferred income | 492/3 | €49 | €1,804 | +€1,755 | +3,556% |
| Remuneration, social security and pensions | 62 | €70,892 | €86,911 | +€16,019 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,342 | €44,327 | +€4,985 | +12.7% |
| Other operating charges | 640/8 | €848 | €1,022 | +€174 | +20.5% |
| Gross operating margin | 9900 | €140,487 | €143,108 | +€2,621 | +1.9% |
| Operating profit (loss) | 9901 | €29,406 | €10,848 | -€18,558 | -63.1% |
| Financial income | 75/76B | €93 | €56 | -€37 | -39.9% |
| Recurring financial income | 75 | €93 | €56 | -€37 | -39.9% |
| Financial charges | 65/66B | €10,821 | €9,668 | -€1,154 | -10.7% |
| Recurring financial charges | 65 | €10,821 | €9,668 | -€1,154 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €18,678 | €1,237 | -€17,441 | -93.4% |
| Income taxes | 67/77 | €9,571 | €194 | -€9,377 | -98.0% |
| Profit (loss) for the period | 9904 | €9,107 | €1,043 | -€8,064 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,107 | €1,043 | -€8,064 | -88.5% |
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 25 October 2026 via checked.be.