CITRIBEL: 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
CITRIBEL
NACE 20.140, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8.2m
2024 · -€20.8m+€12.6m
Equity
€78.1m
2024 · €86.3m-€8.2m
Cash
€2.5m
2024 · €10.3m-€7.9m
Balance sheet total
€110.8m
2024 · €122.2m-€11.4m
Largest movements
Assets
- Cash -€7.9m
down €7.9m (-76.2%), from €10.3m to €2.5m
mainly Net result for the year (-€8.2m) and Investment in fixed assets (net) (-€6.5m)
- Receivables within one year -€3.2m
down €3.2m (-12.4%), from €26.0m to €22.8m
of which Trade receivables: -€3.6m
- Deferred charges and accrued income -€1.4m
down €1.4m (-45.3%), from €3.1m to €1.7m
Equity and liabilities
- Profit (loss) carried forward -€8.2m
down €8.2m (-12.1%), from €67.8m to €59.6m
- Short-term financial debts -€1.4m
no longer reported in 2025 (was €1.4m)
Income statement
- Turnover -€16.2m
down €16.2m (-15.0%), from €108.0m to €91.8m
- Goods and materials -€4.4m
down €4.4m (-8.6%), from €51.1m to €46.7m
of which Purchases: -€3.6m
- Services and other goods +€2.7m
up €2.7m (+9.5%), from €28.8m to €31.5m
- Write-downs -€1.8m
down €1.8m (-511.3%), from -€355,696 to -€2.2m
- Other operating income +€1.3m
up €1.3m (+13.6%), from €9.6m to €10.9m
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
-€20.8m
Turnover
-€16.2m
Other operating income
+€1.3m
Goods and materials
+€4.4m
Services and other goods
-€2.7m
Staff costs
-€52,920
Depreciation
+€180,075
Write-downs
+€1.8m
Provisions
-€83,077
Other operating charges
+€738,987
Other operating items
+€23.0m
Financial income
+€86,923
Financial charges
+€262,465
Taxes
-€126,880
Result 2025
-€8.2m
Cash bridge derived
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
+€355,256
Investment
-€6.5m
Financing
-€1.8m
Cash 2024
€10.3m
From operations (derived)
+€355,256
Net result for the year
-€8.2m
Depreciation
+€6.6m
Stocks and contracts
-€1.2m
Receivables within one year
+€3.2m
Deferred charges and accrued income
+€1.4m
Provisions
-€350,538
Trade debts
-€442,818
Tax, wage and social debts
-€454,195
Other debts
-€127,697
Accrued charges and deferred income
-€96,748
Investment (derived)
-€6.5m
Investment in fixed assets (net)
-€6.5m
Financing
-€1.8m
Debts after one year
-€593,123
Current portion of long-term debt
+€266,603
Short-term financial debts
-€1.4m
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,245,375 | €110,823,540 | -€11.4m | -9.3% |
| Fixed assets | 21/28 | €45,111,451 | €44,990,414 | -€121,037 | -0.3% |
| Intangible fixed assets | 21 | €70,924 | €51,899 | -€19,025 | -26.8% |
| Tangible fixed assets | 22/27 | €45,039,696 | €44,937,684 | -€102,013 | -0.2% |
| Land and buildings | 22 | €2,295,905 | €2,105,337 | -€190,568 | -8.3% |
| Plant, machinery and equipment | 23 | €27,905,123 | €25,939,962 | -€2.0m | -7.0% |
| Furniture and vehicles | 24 | €487,730 | €291,095 | -€196,635 | -40.3% |
| Leasing and similar rights | 25 | €10,593,523 | €10,176,188 | -€417,335 | -3.9% |
| Assets under construction and advance payments | 27 | €3,757,416 | €6,425,103 | +€2.7m | +71.0% |
| Financial fixed assets | 28 | €831 | €831 | = | 0.0% |
| Other financial fixed assets | 284/8 | €831 | €831 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €831 | €831 | = | 0.0% |
| Current assets | 29/58 | €77,133,924 | €65,833,126 | -€11.3m | -14.7% |
| Amounts receivable after more than one year | 29 | €14,895 | €14,895 | = | 0.0% |
| Other amounts receivable | 291 | €14,895 | €14,895 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,683,023 | €38,900,695 | +€1.2m | +3.2% |
| Stocks | 30/36 | €37,683,023 | €38,900,695 | +€1.2m | +3.2% |
| Raw materials and consumables | 30/31 | €20,822,784 | €14,222,842 | -€6.6m | -31.7% |
| Work in progress | 32 | €3,826,207 | €1,680,296 | -€2.1m | -56.1% |
| Finished goods | 33 | €13,034,033 | €22,997,558 | +€10.0m | +76.4% |
| Amounts receivable within one year | 40/41 | €26,002,440 | €22,766,249 | -€3.2m | -12.4% |
| Trade receivables | 40 | €19,115,970 | €15,466,003 | -€3.6m | -19.1% |
| Other amounts receivable | 41 | €6,886,470 | €7,300,245 | +€413,776 | +6.0% |
| Cash at bank and in hand | 54/58 | €10,335,528 | €2,455,924 | -€7.9m | -76.2% |
| Deferred charges and accrued income | 490/1 | €3,098,038 | €1,695,364 | -€1.4m | -45.3% |
| Total equity and liabilities | 10/49 | €122,245,375 | €110,823,540 | -€11.4m | -9.3% |
| Equity | 10/15 | €86,342,959 | €78,145,325 | -€8.2m | -9.5% |
| Contributions | 10/11 | €15,109,143 | €15,109,143 | = | 0.0% |
| Capital | 10 | €15,109,143 | €15,109,143 | = | 0.0% |
| Issued capital | 100 | €15,109,143 | €15,109,143 | = | 0.0% |
| Reserves | 13 | €3,419,703 | €3,419,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,940,880 | €1,940,880 | = | 0.0% |
| Legal reserve | 130 | €1,940,880 | €1,940,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €375,113 | €375,113 | = | 0.0% |
| Distributable reserves | 133 | €1,103,710 | €1,103,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,814,113 | €59,616,479 | -€8.2m | -12.1% |
| Provisions and deferred taxes | 16 | €6,889,615 | €6,539,077 | -€350,538 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €6,889,615 | €6,539,077 | -€350,538 | -5.1% |
| Pensions and similar obligations | 160 | €74,044 | €106,423 | +€32,379 | +43.7% |
| Other liabilities and charges | 164/5 | €6,815,571 | €6,432,655 | -€382,916 | -5.6% |
| Amounts payable | 17/49 | €29,012,801 | €26,139,138 | -€2.9m | -9.9% |
| Amounts payable after more than one year | 17 | €4,708,143 | €4,115,019 | -€593,123 | -12.6% |
| Financial debts | 170/4 | €4,708,143 | €4,115,019 | -€593,123 | -12.6% |
| Leasing and similar obligations | 172 | €4,686,451 | €4,115,019 | -€571,432 | -12.2% |
| Credit institutions | 173 | €21,691 | - | -€21,691 | |
| Amounts payable within one year | 42/48 | €23,180,783 | €20,996,992 | -€2.2m | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €2,007,644 | €2,274,247 | +€266,603 | +13.3% |
| Financial debts | 43 | €1,425,683 | - | -€1.4m | |
| Credit institutions | 430/8 | €1,425,683 | - | -€1.4m | |
| Trade debts | 44 | €11,583,853 | €11,141,035 | -€442,818 | -3.8% |
| Suppliers | 440/4 | €11,583,853 | €11,141,035 | -€442,818 | -3.8% |
| Taxes, remuneration and social security | 45 | €7,986,989 | €7,532,793 | -€454,195 | -5.7% |
| Taxes | 450/3 | €1,267,868 | €894,207 | -€373,662 | -29.5% |
| Remuneration and social security | 454/9 | €6,719,120 | €6,638,587 | -€80,533 | -1.2% |
| Other amounts payable | 47/48 | €176,614 | €48,917 | -€127,697 | -72.3% |
| Accrued charges and deferred income | 492/3 | €1,123,875 | €1,027,127 | -€96,748 | -8.6% |
| Operating income | 70/76A | €100,420,367 | €108,478,827 | +€8.1m | +8.0% |
| Turnover | 70 | €107,962,996 | €91,803,021 | -€16.2m | -15.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€19,234,523 | €5,483,207 | +€24.7m | |
| Own construction capitalised | 72 | €295,257 | €181,112 | -€114,145 | -38.7% |
| Other operating income | 74 | €9,623,816 | €10,927,904 | +€1.3m | +13.6% |
| Non-recurring operating income | 76A | €1,772,822 | €83,582 | -€1.7m | -95.3% |
| Operating charges | 60/66A | €120,739,299 | €116,406,284 | -€4.3m | -3.6% |
| Goods for resale, raw materials and consumables | 60 | €51,056,653 | €46,684,356 | -€4.4m | -8.6% |
| Purchases | 600/8 | €43,703,903 | €40,120,014 | -€3.6m | -8.2% |
| Change in stocks: decrease (increase) | 609 | €7,352,750 | €6,564,342 | -€788,408 | -10.7% |
| Services and other goods | 61 | €28,759,403 | €31,482,246 | +€2.7m | +9.5% |
| Remuneration, social security and pensions | 62 | €33,308,242 | €33,361,161 | +€52,920 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,783,769 | €6,603,694 | -€180,075 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€355,696 | -€2,174,381 | -€1.8m | -511.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€433,614 | -€350,538 | +€83,077 | +19.2% |
| Other operating charges | 640/8 | €1,208,686 | €469,699 | -€738,987 | -61.1% |
| Non-recurring operating charges | 66A | €411,858 | €330,048 | -€81,809 | -19.9% |
| Operating profit (loss) | 9901 | -€20,318,932 | -€7,927,458 | +€12.4m | +61.0% |
| Financial income | 75/76B | €1,041,180 | €1,128,104 | +€86,923 | +8.3% |
| Recurring financial income | 75 | €1,041,180 | €1,128,104 | +€86,923 | +8.3% |
| Income from current assets | 751 | €285,510 | €87,343 | -€198,167 | -69.4% |
| Other financial income | 752/9 | €755,670 | €1,040,760 | +€285,090 | +37.7% |
| Financial charges | 65/66B | €1,625,462 | €1,362,997 | -€262,465 | -16.1% |
| Recurring financial charges | 65 | €1,625,462 | €1,362,997 | -€262,465 | -16.1% |
| Debt charges | 650 | €609,585 | €392,244 | -€217,341 | -35.7% |
| Other financial charges | 652/9 | €1,015,877 | €970,754 | -€45,124 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,903,214 | -€8,162,351 | +€12.7m | +61.0% |
| Income taxes | 67/77 | -€91,597 | €35,283 | +€126,880 | |
| Taxes | 670/3 | - | €35,283 | +€35,283 | |
| Tax adjustments and reversals of tax provisions | 77 | €91,597 | - | -€91,597 | |
| Profit (loss) for the period | 9904 | -€20,811,618 | -€8,197,634 | +€12.6m | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,811,618 | -€8,197,634 | +€12.6m | +60.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.