GLOBACHEM: what changed
Two fiscal 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
GLOBACHEM
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27.5m
2024 · €20.2m+€7.3m
Equity
€184.3m
2024 · €166.9m+€17.5m
Cash
€939,338
2024 · €2.0m-€1.0m
Balance sheet total
€235.8m
2024 · €206.7m+€29.2m
Largest movements
Assets
- Receivables within one year +€37.4m
up €37.4m (+55.7%), from €67.1m to €104.5m
of which Trade receivables: +€33.7m
- Current investments -€24.8m
down €24.8m (-77.7%), from €31.9m to €7.1m
- Stocks and contracts +€16.2m
up €16.2m (+15.9%), from €101.4m to €117.5m
Equity and liabilities
- Profit (loss) carried forward +€18.3m
up €18.3m (+11.8%), from €155.5m to €173.8m
- Trade debts +€13.7m
up €13.7m (+94.6%), from €14.4m to €28.1m
Income statement
- Turnover +€76.7m
up €76.7m (+33.7%), from €227.9m to €304.7m
- Goods and materials +€64.2m
up €64.2m (+39.7%), from €161.9m to €226.2m
of which Purchases: +€83.6m
- Services and other goods +€5.7m
up €5.7m (+15.5%), from €36.5m to €42.2m
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
€20.2m
Turnover
+€76.7m
Other operating income
+€255,693
Goods and materials
-€64.2m
Services and other goods
-€5.7m
Staff costs
-€477,850
Depreciation
-€48,421
Write-downs
+€386,062
Provisions
-€272,276
Other operating charges
+€126,407
Other operating items
+€4.6m
Financial income
-€1.2m
Financial charges
-€1.9m
Taxes
-€975,981
Result 2025
€27.5m
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
-€13.4m
Investment
+€22.4m
Financing
-€10.0m
Cash 2024
€2.0m
From operations (derived)
-€13.4m
Net result for the year
+€27.5m
Depreciation
+€935,330
Smaller working-capital items
+€105,791
Stocks and contracts
-€16.2m
Receivables within one year
-€37.4m
Provisions
-€936,509
Trade debts
+€13.7m
Tax, wage and social debts
+€243,456
Accrued charges and deferred income
-€1.3m
Investment (derived)
+€22.4m
Investment in fixed assets (net)
-€2.5m
Current investments
+€24.8m
Financing
-€10.0m
Contributions, distributions and other
-€10.0m
Cash 2025
€939,338
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,690,664 | €235,843,904 | +€29.2m | +14.1% |
| Fixed assets | 21/28 | €3,421,192 | €4,949,942 | +€1.5m | +44.7% |
| Intangible fixed assets | 21 | €312,016 | €1,992,172 | +€1.7m | +538.5% |
| Tangible fixed assets | 22/27 | €3,107,523 | €2,944,822 | -€162,701 | -5.2% |
| Plant, machinery and equipment | 23 | €647,582 | €641,109 | -€6,473 | -1.0% |
| Furniture and vehicles | 24 | €327,921 | €394,585 | +€66,664 | +20.3% |
| Other tangible fixed assets | 26 | €2,132,021 | €1,909,128 | -€222,893 | -10.5% |
| Financial fixed assets | 28 | €1,652 | €12,947 | +€11,295 | +683.5% |
| Other financial fixed assets | 284/8 | €1,652 | €12,947 | +€11,295 | +683.5% |
| Amounts receivable and cash guarantees | 285/8 | €1,652 | €12,947 | +€11,295 | +683.5% |
| Current assets | 29/58 | €203,269,472 | €230,893,961 | +€27.6m | +13.6% |
| Amounts receivable after more than one year | 29 | €808,576 | €748,942 | -€59,634 | -7.4% |
| Other amounts receivable | 291 | €808,576 | €748,942 | -€59,634 | -7.4% |
| Stocks and contracts in progress | 3 | €101,369,230 | €117,529,675 | +€16.2m | +15.9% |
| Stocks | 30/36 | €101,369,230 | €117,529,675 | +€16.2m | +15.9% |
| Raw materials and consumables | 30/31 | €57,334,243 | €64,898,066 | +€7.6m | +13.2% |
| Work in progress | 32 | €19,964,327 | €18,825,792 | -€1.1m | -5.7% |
| Finished goods | 33 | €19,284,601 | €26,003,541 | +€6.7m | +34.8% |
| Goods purchased for resale | 34 | €4,786,059 | €7,802,278 | +€3.0m | +63.0% |
| Amounts receivable within one year | 40/41 | €67,105,202 | €104,493,049 | +€37.4m | +55.7% |
| Trade receivables | 40 | €62,801,003 | €96,458,583 | +€33.7m | +53.6% |
| Other amounts receivable | 41 | €4,304,198 | €8,034,466 | +€3.7m | +86.7% |
| Current investments | 50/53 | €31,942,000 | €7,116,000 | -€24.8m | -77.7% |
| Other investments | 51/53 | €31,942,000 | €7,116,000 | -€24.8m | -77.7% |
| Cash at bank and in hand | 54/58 | €1,954,235 | €939,338 | -€1.0m | -51.9% |
| Deferred charges and accrued income | 490/1 | €90,230 | €66,957 | -€23,274 | -25.8% |
| Total equity and liabilities | 10/49 | €206,690,664 | €235,843,904 | +€29.2m | +14.1% |
| Equity | 10/15 | €166,895,627 | €184,346,199 | +€17.5m | +10.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €11,334,790 | €10,451,224 | -€883,566 | -7.8% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €902,316 | €18,750 | -€883,566 | -97.9% |
| Distributable reserves | 133 | €10,425,474 | €10,425,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,490,837 | €173,824,975 | +€18.3m | +11.8% |
| Provisions and deferred taxes | 16 | €12,041,148 | €11,104,639 | -€936,509 | -7.8% |
| Provisions for liabilities and charges | 160/5 | €12,041,148 | €11,104,639 | -€936,509 | -7.8% |
| Other liabilities and charges | 164/5 | €12,041,148 | €11,104,639 | -€936,509 | -7.8% |
| Amounts payable | 17/49 | €27,753,889 | €40,393,066 | +€12.6m | +45.5% |
| Amounts payable within one year | 42/48 | €26,214,711 | €40,133,227 | +€13.9m | +53.1% |
| Trade debts | 44 | €14,437,157 | €28,089,333 | +€13.7m | +94.6% |
| Suppliers | 440/4 | €14,437,157 | €28,089,333 | +€13.7m | +94.6% |
| Taxes, remuneration and social security | 45 | €1,751,998 | €1,995,455 | +€243,456 | +13.9% |
| Taxes | 450/3 | €87,508 | €110,692 | +€23,184 | +26.5% |
| Remuneration and social security | 454/9 | €1,664,490 | €1,884,763 | +€220,273 | +13.2% |
| Other amounts payable | 47/48 | €10,025,556 | €10,048,439 | +€22,884 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,539,178 | €259,839 | -€1.3m | -83.1% |
| Operating income | 70/76A | €230,327,679 | €311,931,748 | +€81.6m | +35.4% |
| Turnover | 70 | €227,926,926 | €304,662,431 | +€76.7m | +33.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,329,239 | €5,942,110 | +€4.6m | +347.0% |
| Other operating income | 74 | €1,071,514 | €1,327,206 | +€255,693 | +23.9% |
| Operating charges | 60/66A | €206,791,767 | €276,991,486 | +€70.2m | +33.9% |
| Goods for resale, raw materials and consumables | 60 | €161,922,598 | €226,161,663 | +€64.2m | +39.7% |
| Purchases | 600/8 | €152,775,630 | €236,372,790 | +€83.6m | +54.7% |
| Change in stocks: decrease (increase) | 609 | €9,146,968 | -€10,211,126 | -€19.4m | |
| Services and other goods | 61 | €36,515,670 | €42,190,245 | +€5.7m | +15.5% |
| Remuneration, social security and pensions | 62 | €8,028,883 | €8,506,732 | +€477,850 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886,908 | €935,330 | +€48,421 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€122,254 | -€508,315 | -€386,062 | -315.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,208,785 | -€936,509 | +€272,276 | +22.5% |
| Other operating charges | 640/8 | €768,747 | €642,340 | -€126,407 | -16.4% |
| Operating profit (loss) | 9901 | €23,535,912 | €34,940,262 | +€11.4m | +48.5% |
| Financial income | 75/76B | €3,078,484 | €1,839,927 | -€1.2m | -40.2% |
| Recurring financial income | 75 | €3,078,484 | €1,759,247 | -€1.3m | -42.9% |
| Income from current assets | 751 | €1,153,604 | €754,919 | -€398,685 | -34.6% |
| Other financial income | 752/9 | €1,924,880 | €1,004,328 | -€920,552 | -47.8% |
| Non-recurring financial income | 76B | - | €80,679 | +€80,679 | |
| Financial charges | 65/66B | €2,319,937 | €4,255,310 | +€1.9m | +83.4% |
| Recurring financial charges | 65 | €2,319,937 | €4,255,310 | +€1.9m | +83.4% |
| Debt charges | 650 | €76,506 | €98,209 | +€21,704 | +28.4% |
| Other financial charges | 652/9 | €2,243,432 | €4,157,101 | +€1.9m | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €24,294,458 | €32,524,878 | +€8.2m | +33.9% |
| Income taxes | 67/77 | €4,098,325 | €5,074,306 | +€975,981 | +23.8% |
| Taxes | 670/3 | €4,098,325 | €6,699,893 | +€2.6m | +63.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,625,586 | +€1.6m | |
| Profit (loss) for the period | 9904 | €20,196,133 | €27,450,572 | +€7.3m | +35.9% |
| Transfer from tax-exempt reserves | 789 | - | €883,566 | +€883,566 | |
| Transfer to tax-exempt reserves | 689 | €883,566 | - | -€883,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,312,567 | €28,334,138 | +€9.0m | +46.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.