CHEMINEES PASSION: what changed
What changed
CHEMINEES PASSION
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€85,652
2024 · -€96,603+€182,255
Equity
-€32,043
2024 · €132,304-€164,348
Cash
€54,125
2024 · €6,369+€47,756
Balance sheet total
€246,909
2024 · €684,951-€438,041
Largest movements
Assets
- Tangible fixed assets -€460,656
down €460,656 (-99.0%), from €465,442 to €4,786
of which Land and buildings: -€408,000
- Cash +€47,756
up €47,756 (+750%), from €6,369 to €54,125
mainly Investment in fixed assets (net) (+€453,542) and Net result for the year (+€85,652)
- Stocks and contracts -€34,830
down €34,830 (-28.0%), from €124,549 to €89,719
Equity and liabilities
- Revaluation surpluses -€250,000
no longer reported in 2025 (was €250,000)
- Short-term financial debts -€133,456
down €133,456 (-87.6%), from €152,405 to €18,949
of which Credit institutions: -€127,940
- Profit (loss) carried forward +€85,652
up €85,652 (+62.0%), from -€138,101 to -€52,448
- Trade debts -€73,944
down €73,944 (-29.6%), from €249,859 to €175,915
- Current portion of long-term debt -€35,546
no longer reported in 2025 (was €35,546)
Income statement
- Gross operating margin +€115,408
up €115,408 (+43.1%), from €267,722 to €383,129
- Staff costs -€56,956
down €56,956 (-18.1%), from €314,063 to €257,107
- Depreciation -€10,733
down €10,733 (-60.9%), from €17,619 to €6,886
- Taxes +€5,220
up €5,220 (+638%), from €818 to €6,038
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
-€96,603
Gross operating margin
+€115,408
Staff costs
+€56,956
Depreciation
+€10,733
Other operating charges
+€1,069
Financial income
+€436
Financial charges
+€2,872
Taxes
-€5,220
Result 2025
€85,652
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
+€40,691
Investment
+€453,542
Financing
-€446,477
Cash 2024
€6,369
From operations (derived)
+€40,691
Net result for the year
+€85,652
Depreciation
+€6,886
Stocks and contracts
+€34,830
Receivables within one year
-€6,677
Deferred charges and accrued income
-€2,784
Trade debts
-€73,944
Tax, wage and social debts
-€14,494
Accrued charges and deferred income
+€11,221
Investment (derived)
+€453,542
Investment in fixed assets (net)
+€453,542
Financing
-€446,477
Debts after one year
-€27,475
Current portion of long-term debt
-€35,546
Short-term financial debts
-€133,456
Contributions, distributions and other
-€250,000
Cash 2025
€54,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €684,951 | €246,909 | -€438,041 | -64.0% |
| Fixed assets | 21/28 | €466,085 | €5,657 | -€460,428 | -98.8% |
| Tangible fixed assets | 22/27 | €465,442 | €4,786 | -€460,656 | -99.0% |
| Land and buildings | 22 | €408,000 | - | -€408,000 | |
| Plant, machinery and equipment | 23 | €48,694 | €1,127 | -€47,567 | -97.7% |
| Furniture and vehicles | 24 | €8,748 | €3,659 | -€5,089 | -58.2% |
| Financial fixed assets | 28 | €643 | €871 | +€228 | +35.5% |
| Current assets | 29/58 | €218,866 | €241,253 | +€22,387 | +10.2% |
| Stocks and contracts in progress | 3 | €124,549 | €89,719 | -€34,830 | -28.0% |
| Stocks | 30/36 | €124,549 | €89,719 | -€34,830 | -28.0% |
| Amounts receivable within one year | 40/41 | €87,562 | €94,239 | +€6,677 | +7.6% |
| Trade receivables | 40 | €65,715 | €69,340 | +€3,624 | +5.5% |
| Other amounts receivable | 41 | €21,847 | €24,899 | +€3,052 | +14.0% |
| Cash at bank and in hand | 54/58 | €6,369 | €54,125 | +€47,756 | +750% |
| Deferred charges and accrued income | 490/1 | €386 | €3,170 | +€2,784 | +722% |
| Total equity and liabilities | 10/49 | €684,951 | €246,909 | -€438,041 | -64.0% |
| Equity | 10/15 | €132,304 | -€32,043 | -€164,348 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | - | -€250,000 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,101 | -€52,448 | +€85,652 | +62.0% |
| Amounts payable | 17/49 | €552,646 | €278,953 | -€273,694 | -49.5% |
| Amounts payable after more than one year | 17 | €27,475 | - | -€27,475 | |
| Financial debts | 170/4 | €27,475 | - | -€27,475 | |
| Amounts payable within one year | 42/48 | €477,706 | €220,266 | -€257,440 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €35,546 | - | -€35,546 | |
| Financial debts | 43 | €152,405 | €18,949 | -€133,456 | -87.6% |
| Credit institutions | 430/8 | €146,889 | €18,949 | -€127,940 | -87.1% |
| Other loans | 439 | €5,516 | - | -€5,516 | |
| Trade debts | 44 | €249,859 | €175,915 | -€73,944 | -29.6% |
| Suppliers | 440/4 | €249,859 | €175,915 | -€73,944 | -29.6% |
| Taxes, remuneration and social security | 45 | €39,476 | €24,981 | -€14,494 | -36.7% |
| Remuneration and social security | 454/9 | €39,476 | €24,981 | -€14,494 | -36.7% |
| Other amounts payable | 47/48 | €421 | €421 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,465 | €58,687 | +€11,221 | +23.6% |
| Remuneration, social security and pensions | 62 | €314,063 | €257,107 | -€56,956 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,619 | €6,886 | -€10,733 | -60.9% |
| Other operating charges | 640/8 | €4,379 | €3,309 | -€1,069 | -24.4% |
| Gross operating margin | 9900 | €267,722 | €383,129 | +€115,408 | +43.1% |
| Operating profit (loss) | 9901 | -€68,340 | €115,827 | +€184,167 | |
| Financial income | 75/76B | €14 | €451 | +€436 | +3,054% |
| Recurring financial income | 75 | €14 | €451 | +€436 | +3,054% |
| Financial charges | 65/66B | €27,460 | €24,587 | -€2,872 | -10.5% |
| Recurring financial charges | 65 | €27,460 | €24,587 | -€2,872 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€95,785 | €91,690 | +€187,475 | |
| Income taxes | 67/77 | €818 | €6,038 | +€5,220 | +638% |
| Profit (loss) for the period | 9904 | -€96,603 | €85,652 | +€182,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,603 | €85,652 | +€182,255 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.