Circle Chemicals: 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.
Circle Chemicals
Largest movements
- Tangible fixed assets -€112,468
down €112,468 (-11.6%), from €967,708 to €855,240
of which Plant, machinery and equipment: -€114,986
- Intangible fixed assets +€91,575
up €91,575 (+38.2%), from €239,808 to €331,384
- Receivables within one year -€63,995
down €63,995 (-64.6%), from €99,072 to €35,077
of which Trade receivables: -€45,693
- Cash +€58,107
up €58,107 (+147%), from €39,525 to €97,631
mainly Depreciation (+€195,903) and Receivables within one year (+€63,995)
- Stocks and contracts -€29,628
down €29,628 (-13.8%), from €215,363 to €185,735
- Short-term financial debts -€48,134
down €48,134 (-96.3%), from €50,000 to €1,866
- Trade debts -€47,423
down €47,423 (-43.9%), from €108,047 to €60,624
- Profit (loss) carried forward -€46,377
down €46,377 (-41.0%), from €113,172 to €66,795
- Debts after one year +€41,808
up €41,808 (+4.4%), from €949,488 to €991,296
of which Financial debts: +€41,808
- Current portion of long-term debt +€40,701
up €40,701 (+48.7%), from €83,630 to €124,331
- Gross operating margin +€142,742
up €142,742 (+51.8%), from €275,576 to €418,318
- Depreciation +€97,084
up €97,084 (+98.2%), from €98,818 to €195,903
- Staff costs +€82,467
up €82,467 (+58.4%), from €141,160 to €223,627
- Financial charges +€7,792
up €7,792 (+21.1%), from €36,846 to €44,638
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 | €1,649,133 | €1,601,371 | -€47,762 | -2.9% |
| Fixed assets | 21/28 | €1,287,438 | €1,258,287 | -€29,151 | -2.3% |
| Intangible fixed assets | 21 | €239,808 | €331,384 | +€91,575 | +38.2% |
| Tangible fixed assets | 22/27 | €967,708 | €855,240 | -€112,468 | -11.6% |
| Plant, machinery and equipment | 23 | €948,996 | €834,010 | -€114,986 | -12.1% |
| Furniture and vehicles | 24 | €18,712 | €14,023 | -€4,688 | -25.1% |
| Assets under construction and advance payments | 27 | - | €7,207 | +€7,207 | |
| Financial fixed assets | 28 | €79,922 | €71,663 | -€8,259 | -10.3% |
| Current assets | 29/58 | €361,694 | €343,084 | -€18,610 | -5.1% |
| Stocks and contracts in progress | 3 | €215,363 | €185,735 | -€29,628 | -13.8% |
| Stocks | 30/36 | €215,363 | €185,735 | -€29,628 | -13.8% |
| Amounts receivable within one year | 40/41 | €99,072 | €35,077 | -€63,995 | -64.6% |
| Trade receivables | 40 | €72,199 | €26,506 | -€45,693 | -63.3% |
| Other amounts receivable | 41 | €26,873 | €8,571 | -€18,302 | -68.1% |
| Cash at bank and in hand | 54/58 | €39,525 | €97,631 | +€58,107 | +147% |
| Deferred charges and accrued income | 490/1 | €7,734 | €24,641 | +€16,906 | +219% |
| Total equity and liabilities | 10/49 | €1,649,133 | €1,601,371 | -€47,762 | -2.9% |
| Equity | 10/15 | €393,892 | €347,515 | -€46,377 | -11.8% |
| Contributions | 10/11 | €269,815 | €269,815 | = | 0.0% |
| Capital | 10 | €179,376 | €179,376 | = | 0.0% |
| Issued capital | 100 | €179,376 | €179,376 | = | 0.0% |
| Contributions outside capital | 11 | €90,439 | €90,439 | = | 0.0% |
| Share premium | 1100/10 | €90,439 | €90,439 | = | 0.0% |
| Reserves | 13 | €10,905 | €10,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,905 | €10,905 | = | 0.0% |
| Legal reserve | 130 | €10,905 | €10,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,172 | €66,795 | -€46,377 | -41.0% |
| Amounts payable | 17/49 | €1,255,240 | €1,253,856 | -€1,385 | -0.1% |
| Amounts payable after more than one year | 17 | €949,488 | €991,296 | +€41,808 | +4.4% |
| Financial debts | 170/4 | €399,488 | €441,296 | +€41,808 | +10.5% |
| Other amounts payable | 178/9 | €550,000 | €550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €282,182 | €221,568 | -€60,614 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €83,630 | €124,331 | +€40,701 | +48.7% |
| Financial debts | 43 | €50,000 | €1,866 | -€48,134 | -96.3% |
| Credit institutions | 430/8 | €50,000 | €1,866 | -€48,134 | -96.3% |
| Trade debts | 44 | €108,047 | €60,624 | -€47,423 | -43.9% |
| Suppliers | 440/4 | €108,047 | €60,624 | -€47,423 | -43.9% |
| Advances received on contracts in progress | 46 | €21,450 | €9,291 | -€12,159 | -56.7% |
| Taxes, remuneration and social security | 45 | €19,055 | €25,455 | +€6,400 | +33.6% |
| Taxes | 450/3 | €3,287 | - | -€3,287 | |
| Remuneration and social security | 454/9 | €15,767 | €25,455 | +€9,688 | +61.4% |
| Accrued charges and deferred income | 492/3 | €23,570 | €40,991 | +€17,421 | +73.9% |
| Remuneration, social security and pensions | 62 | €141,160 | €223,627 | +€82,467 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,818 | €195,903 | +€97,084 | +98.2% |
| Other operating charges | 640/8 | €4,150 | €1,268 | -€2,882 | -69.4% |
| Gross operating margin | 9900 | €275,576 | €418,318 | +€142,742 | +51.8% |
| Operating profit (loss) | 9901 | €31,448 | -€2,480 | -€33,928 | |
| Financial income | 75/76B | €330 | €742 | +€412 | +125% |
| Recurring financial income | 75 | €330 | €742 | +€412 | +125% |
| Financial charges | 65/66B | €36,846 | €44,638 | +€7,792 | +21.1% |
| Recurring financial charges | 65 | €36,846 | €44,638 | +€7,792 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,069 | -€46,377 | -€41,308 | -815% |
| Profit (loss) for the period | 9904 | -€5,069 | -€46,377 | -€41,308 | -815% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,069 | -€46,377 | -€41,308 | -815% |
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 18 October 2026 via checked.be.