FUTERRO: 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
FUTERRO
NACE 20.160, Manufacture of chemicals and chemical products
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€6.1m
2025 · -€5.6m-€480,244
Equity
€15.4m
2025 · €21.3m-€5.9m
Cash
€439,600
2025 · €8.3m-€7.9m
Balance sheet total
€29.6m
2025 · €34.6m-€5.0m
Largest movements
Assets
- Cash -€7.9m
down €7.9m (-94.7%), from €8.3m to €439,600
mainly Net result for the year (-€6.1m) and Investment in fixed assets (net) (-€2.4m)
- Financial fixed assets +€2.3m
up €2.3m (+12.5%), from €18.2m to €20.5m
of which Affiliated companies: +€2.3m
- Current investments +€1.9m
up €1.9m (+52.8%), from €3.6m to €5.5m
- Stocks and contracts -€1.2m
down €1.2m (-56.7%), from €2.2m to €943,728
Equity and liabilities
- Profit (loss) carried forward -€6.1m
down €6.1m (-114.2%), from -€5.3m to -€11.4m
- Provisions +€770,063
up €770,063 (+37.4%), from €2.1m to €2.8m
- Debts after one year -€505,353
down €505,353 (-33.9%), from €1.5m to €985,695
- Current portion of long-term debt +€500,775
up €500,775 (+6.7%), from €7.5m to €8.0m
- Tax, wage and social debts -€427,326
down €427,326 (-33.5%), from €1.3m to €849,254
of which Taxes: -€785,279
Income statement
- Provisions -€1.3m
down €1.3m (-62.6%), from €2.1m to €770,063
- Financial charges +€1.3m
up €1.3m (+310.9%), from €413,829 to €1.7m
of which Non-recurring financial charges: +€1.2m
- Turnover +€1.2m
up €1.2m (+71.2%), from €1.7m to €2.9m
- Goods and materials -€1.0m
down €1.0m (-43.0%), from €2.3m to €1.3m
- Staff costs +€551,962
up €551,962 (+21.7%), from €2.5m to €3.1m
From the 2025 result to the 2026 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 2025
-€5.6m
Turnover
+€1.2m
Other operating income
-€34,042
Goods and materials
+€1.0m
Services and other goods
-€69,901
Staff costs
-€551,962
Depreciation
+€6,964
Write-downs
-€38,020
Provisions
+€1.3m
Other operating charges
+€36,414
Other operating items
-€2.1m
Financial income
+€320,719
Financial charges
-€1.3m
Taxes
-€266,489
Result 2026
-€6.1m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3.8m
Investment
-€4.3m
Financing
+€213,366
Cash 2025
€8.3m
From operations (derived)
-€3.8m
Net result for the year
-€6.1m
Depreciation
+€95,649
Stocks and contracts
+€1.2m
Receivables within one year
-€19,548
Deferred charges and accrued income
+€56,992
Provisions
+€770,063
Trade debts
+€131,888
Tax, wage and social debts
-€427,326
Other debts
+€378,799
Accrued charges and deferred income
+€48,299
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€2.4m
Current investments
-€1.9m
Financing
+€213,366
Debts after one year
-€505,353
Current portion of long-term debt
+€500,775
Contributions, distributions and other
+€217,944
Cash 2026
€439,600
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,593,843 | €29,620,937 | -€5.0m | -14.4% |
| Fixed assets | 21/28 | €18,596,010 | €20,904,874 | +€2.3m | +12.4% |
| Intangible fixed assets | 21 | €43,941 | €71,608 | +€27,667 | +63.0% |
| Tangible fixed assets | 22/27 | €312,201 | €322,353 | +€10,152 | +3.3% |
| Plant, machinery and equipment | 23 | €170,368 | €194,443 | +€24,076 | +14.1% |
| Furniture and vehicles | 24 | €91,195 | €79,578 | -€11,617 | -12.7% |
| Leasing and similar rights | 25 | €14,789 | €11,013 | -€3,776 | -25.5% |
| Other tangible fixed assets | 26 | €35,849 | €37,318 | +€1,469 | +4.1% |
| Financial fixed assets | 28 | €18,239,867 | €20,510,912 | +€2.3m | +12.5% |
| Affiliated companies | 280/1 | €18,239,567 | €20,510,612 | +€2.3m | +12.5% |
| Participating interests | 280 | €18,239,567 | €20,510,612 | +€2.3m | +12.5% |
| Other financial fixed assets | 284/8 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €15,997,833 | €8,716,063 | -€7.3m | -45.5% |
| Stocks and contracts in progress | 3 | €2,179,694 | €943,728 | -€1.2m | -56.7% |
| Stocks | 30/36 | €2,179,694 | €943,728 | -€1.2m | -56.7% |
| Finished goods | 33 | €2,179,694 | €943,728 | -€1.2m | -56.7% |
| Amounts receivable within one year | 40/41 | €1,813,187 | €1,832,735 | +€19,548 | +1.1% |
| Trade receivables | 40 | €128,068 | €772,167 | +€644,099 | +502.9% |
| Other amounts receivable | 41 | €1,685,119 | €1,060,568 | -€624,551 | -37.1% |
| Current investments | 50/53 | €3,600,000 | €5,500,000 | +€1.9m | +52.8% |
| Other investments | 51/53 | €3,600,000 | €5,500,000 | +€1.9m | +52.8% |
| Cash at bank and in hand | 54/58 | €8,347,961 | €439,600 | -€7.9m | -94.7% |
| Deferred charges and accrued income | 490/1 | €56,992 | - | -€56,992 | |
| Total equity and liabilities | 10/49 | €34,593,843 | €29,620,937 | -€5.0m | -14.4% |
| Equity | 10/15 | €21,297,746 | €15,427,695 | -€5.9m | -27.6% |
| Contributions | 10/11 | €25,163,902 | €25,163,902 | = | 0.0% |
| Capital | 10 | €25,163,902 | €25,163,902 | = | 0.0% |
| Issued capital | 100 | €25,163,902 | €25,163,902 | = | 0.0% |
| Reserves | 13 | €460,000 | €460,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €460,000 | €460,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €460,000 | €460,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,332,700 | -€11,420,695 | -€6.1m | -114.2% |
| Investment grants | 15 | €1,006,544 | €1,224,488 | +€217,944 | +21.7% |
| Provisions and deferred taxes | 16 | €2,059,128 | €2,829,191 | +€770,063 | +37.4% |
| Provisions for liabilities and charges | 160/5 | €2,059,128 | €2,829,191 | +€770,063 | +37.4% |
| Other liabilities and charges | 164/5 | €2,059,128 | €2,829,191 | +€770,063 | +37.4% |
| Amounts payable | 17/49 | €11,236,969 | €11,364,051 | +€127,082 | +1.1% |
| Amounts payable after more than one year | 17 | €1,491,048 | €985,695 | -€505,353 | -33.9% |
| Financial debts | 170/4 | €1,491,048 | €985,695 | -€505,353 | -33.9% |
| Leasing and similar obligations | 172 | €9,798 | €4,445 | -€5,353 | -54.6% |
| Other loans | 174 | €1,481,250 | €981,250 | -€500,000 | -33.8% |
| Amounts payable within one year | 42/48 | €9,745,921 | €10,330,057 | +€584,136 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €7,504,183 | €8,004,958 | +€500,775 | +6.7% |
| Trade debts | 44 | €498,071 | €629,959 | +€131,888 | +26.5% |
| Suppliers | 440/4 | €498,071 | €629,959 | +€131,888 | +26.5% |
| Taxes, remuneration and social security | 45 | €1,276,580 | €849,254 | -€427,326 | -33.5% |
| Taxes | 450/3 | €788,945 | €3,667 | -€785,279 | -99.5% |
| Remuneration and social security | 454/9 | €487,635 | €845,588 | +€357,953 | +73.4% |
| Other amounts payable | 47/48 | €467,087 | €845,886 | +€378,799 | +81.1% |
| Accrued charges and deferred income | 492/3 | - | €48,299 | +€48,299 | |
| Operating income | 70/76A | €4,518,740 | €3,597,437 | -€921,303 | -20.4% |
| Turnover | 70 | €1,674,821 | €2,867,119 | +€1.2m | +71.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €852,067 | -€1,227,491 | -€2.1m | |
| Other operating income | 74 | €1,991,852 | €1,957,810 | -€34,042 | -1.7% |
| Operating charges | 60/66A | €10,207,835 | €8,534,265 | -€1.7m | -16.4% |
| Goods for resale, raw materials and consumables | 60 | €2,334,966 | €1,331,308 | -€1.0m | -43.0% |
| Purchases | 600/8 | €2,334,966 | €1,331,308 | -€1.0m | -43.0% |
| Services and other goods | 61 | €3,082,244 | €3,152,145 | +€69,901 | +2.3% |
| Remuneration, social security and pensions | 62 | €2,539,684 | €3,091,646 | +€551,962 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,613 | €95,649 | -€6,964 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,592 | €8,428 | +€38,020 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,059,128 | €770,063 | -€1.3m | -62.6% |
| Other operating charges | 640/8 | €118,793 | €82,380 | -€36,414 | -30.7% |
| Non-recurring operating charges | 66A | - | €2,647 | +€2,647 | |
| Operating profit (loss) | 9901 | -€5,689,095 | -€4,936,828 | +€752,267 | +13.2% |
| Financial income | 75/76B | €187,914 | €508,633 | +€320,719 | +170.7% |
| Recurring financial income | 75 | €187,914 | €508,633 | +€320,719 | +170.7% |
| Income from financial fixed assets | 750 | €111,953 | - | -€111,953 | |
| Income from current assets | 751 | - | €181,753 | +€181,753 | |
| Other financial income | 752/9 | €75,961 | €326,879 | +€250,918 | +330.3% |
| Financial charges | 65/66B | €413,829 | €1,700,569 | +€1.3m | +310.9% |
| Recurring financial charges | 65 | €413,829 | €471,614 | +€57,785 | +14.0% |
| Debt charges | 650 | €369,977 | €395,165 | +€25,188 | +6.8% |
| Other financial charges | 652/9 | €43,852 | €76,449 | +€32,597 | +74.3% |
| Non-recurring financial charges | 66B | - | €1,228,955 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€5,915,010 | -€6,128,765 | -€213,755 | -3.6% |
| Income taxes | 67/77 | -€307,259 | -€40,770 | +€266,489 | +86.7% |
| Taxes | 670/3 | €448,980 | €47,662 | -€401,318 | -89.4% |
| Tax adjustments and reversals of tax provisions | 77 | €756,239 | €88,432 | -€667,807 | -88.3% |
| Profit (loss) for the period | 9904 | -€5,607,751 | -€6,087,995 | -€480,244 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,607,751 | -€6,087,995 | -€480,244 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.