InoChem: 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.
InoChem
Largest movements
- Receivables within one year +€73,190
up €73,190 (+198.0%), from €36,973 to €110,163
of which Trade receivables: +€73,130
- Cash -€14,585
down €14,585 (-21.5%), from €67,738 to €53,153
mainly Receivables within one year (-€73,190) and Investment in fixed assets (net) (-€974)
- Stocks and contracts -€2,000
down €2,000 (-11.9%), from €16,867 to €14,867
- Trade debts +€35,614
up €35,614 (+38.2%), from €93,185 to €128,799
- Reserves +€15,604
up €15,604 (+846.2%), from €1,844 to €17,448
- Other debts +€4,950
up €4,950 (+91.3%), from €5,421 to €10,371
- Gross operating margin +€17,586
up €17,586 (+205.0%), from €8,578 to €26,164
- Write-downs +€6,178
new in 2025: €6,178
- Taxes +€2,643
up €2,643 (+209.4%), from €1,262 to €3,905
- Other operating charges -€726
no longer reported in 2025 (was €726)
- Financial charges +€336
up €336 (+240.0%), from €140 to €476
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,578 | €179,156 | +€57,578 | +47.4% |
| Fixed assets | 21/28 | - | €973 | +€973 | |
| Tangible fixed assets | 22/27 | - | €973 | +€973 | |
| Plant, machinery and equipment | 23 | - | €973 | +€973 | |
| Current assets | 29/58 | €121,578 | €178,183 | +€56,605 | +46.6% |
| Stocks and contracts in progress | 3 | €16,867 | €14,867 | -€2,000 | -11.9% |
| Stocks | 30/36 | €16,867 | €14,867 | -€2,000 | -11.9% |
| Amounts receivable within one year | 40/41 | €36,973 | €110,163 | +€73,190 | +198.0% |
| Trade receivables | 40 | €29,942 | €103,072 | +€73,130 | +244.2% |
| Other amounts receivable | 41 | €7,031 | €7,091 | +€60 | +0.9% |
| Cash at bank and in hand | 54/58 | €67,738 | €53,153 | -€14,585 | -21.5% |
| Total equity and liabilities | 10/49 | €121,578 | €179,156 | +€57,578 | +47.4% |
| Equity | 10/15 | €11,844 | €27,448 | +€15,604 | +131.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,844 | €17,448 | +€15,604 | +846.2% |
| Distributable reserves | 133 | €1,844 | €17,448 | +€15,604 | +846.2% |
| Amounts payable | 17/49 | €109,734 | €151,708 | +€41,974 | +38.3% |
| Amounts payable within one year | 42/48 | €108,534 | €150,508 | +€41,974 | +38.7% |
| Trade debts | 44 | €93,185 | €128,799 | +€35,614 | +38.2% |
| Suppliers | 440/4 | €93,185 | €128,799 | +€35,614 | +38.2% |
| Taxes, remuneration and social security | 45 | €9,928 | €11,338 | +€1,410 | +14.2% |
| Taxes | 450/3 | €8,327 | €11,338 | +€3,011 | +36.2% |
| Remuneration and social security | 454/9 | €1,601 | - | -€1,601 | |
| Other amounts payable | 47/48 | €5,421 | €10,371 | +€4,950 | +91.3% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1 | +€1 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,178 | +€6,178 | |
| Other operating charges | 640/8 | €726 | - | -€726 | |
| Gross operating margin | 9900 | €8,578 | €26,164 | +€17,586 | +205.0% |
| Operating profit (loss) | 9901 | €7,852 | €19,985 | +€12,133 | +154.5% |
| Financial charges | 65/66B | €140 | €476 | +€336 | +240.0% |
| Recurring financial charges | 65 | €140 | €476 | +€336 | +240.0% |
| Profit (loss) for the period before taxes | 9903 | €7,712 | €19,509 | +€11,797 | +153.0% |
| Income taxes | 67/77 | €1,262 | €3,905 | +€2,643 | +209.4% |
| Profit (loss) for the period | 9904 | €6,450 | €15,604 | +€9,154 | +141.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,450 | €15,604 | +€9,154 | +141.9% |
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 30 September 2026 via checked.be.