Innotec Holding: 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
Innotec Holding
NACE 46.851, Wholesale of industrial chemicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · -€1.2m+€5.4m
Equity
€34.1m
2024 · €46.9m-€12.8m
Cash
€46,710
2024 · €115,045-€68,336
Balance sheet total
€81.1m
2024 · €78.1m+€3.0m
Largest movements
Assets
- Receivables within one year +€3.1m
up €3.1m (+3,460%), from €89,565 to €3.2m
of which Trade receivables: +€2.9m
Equity and liabilities
- Contributions -€17.0m
down €17.0m (-36.2%), from €47.0m to €30.0m
of which Contributions outside capital: -€17.0m
- Debts after one year +€7.5m
up €7.5m (+35.2%), from €21.4m to €28.9m
- Other debts +€4.1m
up €4.1m (+59.5%), from €6.8m to €10.9m
- Reserves +€4.0m
up €4.0m (+2,849%), from €141,770 to €4.2m
of which Distributable reserves: +€4.0m
- Short-term financial debts +€3.0m
new in 2025: €3.0m
Income statement
- Financial income +€4.0m
up €4.0m, from €0 to €4.0m
- Other operating income +€2.1m
up €2.1m (+215%), from €959,206 to €3.0m
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
-€1.2m
Other operating charges
-€2
Other operating items
+€1.8m
Financial income
+€4.0m
Financial charges
-€310,144
Result 2025
€4.2m
raises the resultlowers the resultnot broken down further in the accounts
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
+€5.9m
Investment
€0
Financing
-€6.0m
Cash 2024
€115,045
From operations (derived)
+€5.9m
Net result for the year
+€4.2m
Receivables within one year
-€3.1m
Deferred charges and accrued income
+€65,873
Trade debts
+€611,649
Tax, wage and social debts
-€7,119
Other debts
+€4.1m
Accrued charges and deferred income
+€100,572
Financing
-€6.0m
Debts after one year
+€7.5m
Current portion of long-term debt
+€480,000
Short-term financial debts
+€3.0m
Contributions, distributions and other
-€17.0m
Cash 2025
€46,710
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,138,460 | €81,102,766 | +€3.0m | +3.8% |
| Fixed assets | 21/28 | €77,851,618 | €77,851,618 | = | 0.0% |
| Financial fixed assets | 28 | €77,851,618 | €77,851,618 | = | 0.0% |
| Affiliated companies | 280/1 | €77,851,162 | €77,851,162 | = | 0.0% |
| Participating interests | 280 | €77,851,162 | €77,851,162 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €456 | €456 | = | 0.0% |
| Participating interests | 282 | €456 | €456 | = | 0.0% |
| Current assets | 29/58 | €286,842 | €3,251,148 | +€3.0m | +1,033% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €89,565 | €3,188,078 | +€3.1m | +3,460% |
| Trade receivables | 40 | €89,565 | €3,022,000 | +€2.9m | +3,274% |
| Other amounts receivable | 41 | - | €166,078 | +€166,078 | |
| Cash at bank and in hand | 54/58 | €115,045 | €46,710 | -€68,336 | -59.4% |
| Deferred charges and accrued income | 490/1 | €82,232 | €16,359 | -€65,873 | -80.1% |
| Total equity and liabilities | 10/49 | €78,138,460 | €81,102,766 | +€3.0m | +3.8% |
| Equity | 10/15 | €46,921,736 | €34,130,626 | -€12.8m | -27.3% |
| Contributions | 10/11 | €46,950,000 | €29,950,000 | -€17.0m | -36.2% |
| Capital | 10 | €15,000,000 | €15,000,000 | = | 0.0% |
| Issued capital | 100 | €15,000,000 | €15,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €31,950,000 | €14,950,000 | -€17.0m | -53.2% |
| Other | 1109/19 | €31,950,000 | €14,950,000 | -€17.0m | -53.2% |
| Reserves | 13 | €141,770 | €4,180,626 | +€4.0m | +2,849% |
| Non-distributable reserves | 130/1 | €141,770 | €150,000 | +€8,230 | +5.8% |
| Legal reserve | 130 | €141,770 | €150,000 | +€8,230 | +5.8% |
| Distributable reserves | 133 | €0 | €4,030,626 | +€4.0m | |
| Profit (loss) carried forward | 14 | -€170,033 | - | +€170,033 | |
| Amounts payable | 17/49 | €31,216,724 | €46,972,140 | +€15.8m | +50.5% |
| Amounts payable after more than one year | 17 | €21,380,000 | €28,900,000 | +€7.5m | +35.2% |
| Financial debts | 170/4 | €21,380,000 | €28,900,000 | +€7.5m | +35.2% |
| Credit institutions | 173 | €21,380,000 | €28,900,000 | +€7.5m | +35.2% |
| Amounts payable within one year | 42/48 | €9,836,724 | €17,971,568 | +€8.1m | +82.7% |
| Current portion of amounts payable after more than one year | 42 | €2,920,000 | €3,400,000 | +€480,000 | +16.4% |
| Financial debts | 43 | - | €3,000,000 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €105,957 | €717,605 | +€611,649 | +577% |
| Suppliers | 440/4 | €105,957 | €717,605 | +€611,649 | +577% |
| Taxes, remuneration and social security | 45 | €7,119 | - | -€7,119 | |
| Taxes | 450/3 | €7,119 | - | -€7,119 | |
| Other amounts payable | 47/48 | €6,803,648 | €10,853,963 | +€4.1m | +59.5% |
| Accrued charges and deferred income | 492/3 | €0 | €100,572 | +€100,572 | |
| Operating income | 70/76A | €959,206 | €3,022,000 | +€2.1m | +215% |
| Other operating income | 74 | €959,206 | €3,022,000 | +€2.1m | +215% |
| Operating charges | 60/66A | €829,574 | €1,140,951 | +€311,377 | +37.5% |
| Services and other goods | 61 | €829,456 | €1,140,831 | +€311,375 | +37.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | €129,632 | €1,881,049 | +€1.8m | +1,351% |
| Financial income | 75/76B | €0 | €3,997,120 | +€4.0m | |
| Recurring financial income | 75 | €0 | €3,997,120 | +€4.0m | |
| Income from financial fixed assets | 750 | €0 | €3,997,120 | +€4.0m | |
| Financial charges | 65/66B | €1,359,135 | €1,669,280 | +€310,144 | +22.8% |
| Recurring financial charges | 65 | €1,359,135 | €1,669,280 | +€310,144 | +22.8% |
| Debt charges | 650 | €1,333,265 | €1,640,111 | +€306,846 | +23.0% |
| Other financial charges | 652/9 | €25,870 | €29,169 | +€3,299 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,229,503 | €4,208,890 | +€5.4m | |
| Income taxes | 67/77 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,229,503 | €4,208,890 | +€5.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,229,503 | €4,208,890 | +€5.4m |
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 19 October 2026 via checked.be.