CHEMPHAR: 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
CHEMPHAR
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,101
2024 · €52,081-€38,981
Equity
€130,574
2024 · €119,139+€11,435
Cash
€14,125
2024 · €16,429-€2,303
Balance sheet total
€338,163
2024 · €358,490-€20,326
Largest movements
Assets
- Receivables within one year -€17,423
down €17,423 (-56.8%), from €30,694 to €13,271
of which Trade receivables: -€21,616
Equity and liabilities
- Debts after one year -€27,983
down €27,983 (-15.1%), from €185,234 to €157,251
- Reserves +€11,435
up €11,435 (+12.1%), from €94,139 to €105,574
Income statement
- Gross operating margin -€52,662
down €52,662 (-68.8%), from €76,517 to €23,855
- Taxes -€12,942
down €12,942 (-71.0%), from €18,237 to €5,295
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
€52,081
Gross operating margin
-€52,662
Other operating charges
+€237
Financial income
+€18
Financial charges
+€484
Taxes
+€12,942
Result 2025
€13,101
raises the resultlowers the result
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.
From operations
+€26,891
Investment
€0
Financing
-€29,194
Cash 2024
€16,429
From operations (derived)
+€26,891
Net result for the year
+€13,101
Depreciation
+€589
Receivables within one year
+€17,423
Smaller working-capital items
-€7
Trade debts
+€599
Tax, wage and social debts
-€2,676
Other debts
-€2,137
Financing
-€29,194
Debts after one year
-€27,983
Current portion of long-term debt
+€455
Contributions, distributions and other
-€1,666
Cash 2025
€14,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,490 | €338,163 | -€20,326 | -5.7% |
| Fixed assets | 21/28 | €311,161 | €310,572 | -€589 | -0.2% |
| Tangible fixed assets | 22/27 | €2,037 | €1,448 | -€589 | -28.9% |
| Furniture and vehicles | 24 | €2,037 | €1,448 | -€589 | -28.9% |
| Financial fixed assets | 28 | €309,125 | €309,125 | = | 0.0% |
| Current assets | 29/58 | €47,328 | €27,591 | -€19,737 | -41.7% |
| Amounts receivable within one year | 40/41 | €30,694 | €13,271 | -€17,423 | -56.8% |
| Trade receivables | 40 | €30,177 | €8,561 | -€21,616 | -71.6% |
| Other amounts receivable | 41 | €517 | €4,711 | +€4,194 | +811% |
| Cash at bank and in hand | 54/58 | €16,429 | €14,125 | -€2,303 | -14.0% |
| Deferred charges and accrued income | 490/1 | €205 | €194 | -€11 | -5.4% |
| Total equity and liabilities | 10/49 | €358,490 | €338,163 | -€20,326 | -5.7% |
| Equity | 10/15 | €119,139 | €130,574 | +€11,435 | +9.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €94,139 | €105,574 | +€11,435 | +12.1% |
| Distributable reserves | 133 | €94,139 | €105,574 | +€11,435 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €239,350 | €207,589 | -€31,761 | -13.3% |
| Amounts payable after more than one year | 17 | €185,234 | €157,251 | -€27,983 | -15.1% |
| Financial debts | 170/4 | €185,234 | €157,251 | -€27,983 | -15.1% |
| Amounts payable within one year | 42/48 | €54,092 | €50,333 | -€3,759 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €27,528 | €27,983 | +€455 | +1.7% |
| Trade debts | 44 | €1,131 | €1,730 | +€599 | +52.9% |
| Suppliers | 440/4 | €1,131 | €1,730 | +€599 | +52.9% |
| Taxes, remuneration and social security | 45 | €12,606 | €9,930 | -€2,676 | -21.2% |
| Taxes | 450/3 | €12,606 | €9,930 | -€2,676 | -21.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,827 | €10,690 | -€2,137 | -16.7% |
| Accrued charges and deferred income | 492/3 | €24 | €6 | -€18 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589 | €589 | = | 0.0% |
| Other operating charges | 640/8 | €1,012 | €775 | -€237 | -23.4% |
| Gross operating margin | 9900 | €76,517 | €23,855 | -€52,662 | -68.8% |
| Operating profit (loss) | 9901 | €74,916 | €22,491 | -€52,425 | -70.0% |
| Financial income | 75/76B | €0 | €18 | +€18 | +20,344% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +20,344% |
| Financial charges | 65/66B | €4,598 | €4,114 | -€484 | -10.5% |
| Recurring financial charges | 65 | €4,598 | €4,114 | -€484 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €70,318 | €18,396 | -€51,922 | -73.8% |
| Income taxes | 67/77 | €18,237 | €5,295 | -€12,942 | -71.0% |
| Profit (loss) for the period | 9904 | €52,081 | €13,101 | -€38,981 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,081 | €13,101 | -€38,981 | -74.8% |
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.