INOVYN Trade Services: what changed
What changed
INOVYN Trade Services
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €6.0m-€1.2m
Equity
-
not filed
Cash
€2.2m
2024 · €2.1m+€97,946
Balance sheet total
€68.2m
2024 · €98.6m-€30.4m
Largest movements
Assets
- Receivables within one year -€22.0m
down €22.0m (-36.0%), from €61.0m to €39.1m
of which Trade receivables: -€13.4m
- Current investments -€8.6m
down €8.6m (-24.2%), from €35.5m to €26.9m
Equity and liabilities
- Trade debts -€30.4m
down €30.4m (-44.0%), from €69.2m to €38.8m
- Reserves +€1.2m
up €1.2m (+22.4%), from €5.5m to €6.7m
of which Distributable reserves: +€1.2m
Income statement
- Goods and materials -€78.9m
down €78.9m (-16.2%), from €487.8m to €408.9m
- Turnover -€76.6m
down €76.6m (-14.5%), from €529.6m to €453.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6.0m
Turnover
-€76.6m
Other operating income
+€41,906
Goods and materials
+€78.9m
Services and other goods
-€1.4m
Write-downs
+€202,832
Other operating charges
+€1,228
Financial income
-€1.4m
Financial charges
-€963,777
Taxes
+€4,894
Deferred taxes and other
-€1
Result 2025
€4.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4.9m
Investment
+€8.6m
Financing
-€3.6m
Cash 2024
€2.1m
From operations (derived)
-€4.9m
Net result for the year
+€4.8m
Receivables within one year
+€22.0m
Trade debts
-€30.4m
Tax, wage and social debts
+€121,792
Advances received
-€652,893
Other debts
-€712,290
Investment (derived)
+€8.6m
Current investments
+€8.6m
Financing
-€3.6m
Contributions, distributions and other
-€3.6m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,623,893 | €68,177,123 | -€30.4m | -30.9% |
| Current assets | 29/58 | €98,623,893 | €68,177,123 | -€30.4m | -30.9% |
| Amounts receivable within one year | 40/41 | €61,029,552 | €39,075,665 | -€22.0m | -36.0% |
| Trade receivables | 40 | €37,656,368 | €24,275,804 | -€13.4m | -35.5% |
| Other amounts receivable | 41 | €23,373,184 | €14,799,861 | -€8.6m | -36.7% |
| Current investments | 50/53 | €35,511,338 | €26,920,509 | -€8.6m | -24.2% |
| Other investments | 51/53 | €35,511,338 | €26,920,509 | -€8.6m | -24.2% |
| Cash at bank and in hand | 54/58 | €2,083,003 | €2,180,949 | +€97,946 | +4.7% |
| Total equity and liabilities | 10/49 | €98,623,893 | €68,177,123 | -€30.4m | -30.9% |
| Contributions | 10/11 | €18,117,285 | €18,117,285 | = | 0.0% |
| Capital | 10 | €18,117,285 | €18,117,285 | = | 0.0% |
| Issued capital | 100 | €18,117,285 | €18,117,285 | = | 0.0% |
| Reserves | 13 | €5,503,564 | €6,737,123 | +€1.2m | +22.4% |
| Non-distributable reserves | 130/1 | €1,811,729 | €1,811,729 | = | 0.0% |
| Legal reserve | 130 | €1,811,729 | €1,811,729 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,999,750 | €1,999,750 | = | 0.0% |
| Distributable reserves | 133 | €1,692,085 | €2,925,645 | +€1.2m | +72.9% |
| Amounts payable | 17/49 | €75,003,044 | €43,322,715 | -€31.7m | -42.2% |
| Amounts payable within one year | 42/48 | €75,003,044 | €43,322,715 | -€31.7m | -42.2% |
| Trade debts | 44 | €69,236,365 | €38,799,427 | -€30.4m | -44.0% |
| Suppliers | 440/4 | €69,236,365 | €38,799,427 | -€30.4m | -44.0% |
| Advances received on contracts in progress | 46 | €1,412,034 | €759,141 | -€652,893 | -46.2% |
| Taxes, remuneration and social security | 45 | €87,205 | €208,997 | +€121,792 | +140% |
| Taxes | 450/3 | €87,205 | €208,997 | +€121,792 | +140% |
| Other amounts payable | 47/48 | €4,267,440 | €3,555,150 | -€712,290 | -16.7% |
| Operating income | 70/76A | €529,619,440 | €453,092,979 | -€76.5m | -14.4% |
| Turnover | 70 | €529,588,920 | €453,020,553 | -€76.6m | -14.5% |
| Other operating income | 74 | €30,520 | €72,426 | +€41,906 | +137% |
| Operating charges | 60/66A | €522,549,224 | €444,811,430 | -€77.7m | -14.9% |
| Goods for resale, raw materials and consumables | 60 | €487,773,160 | €408,858,275 | -€78.9m | -16.2% |
| Services and other goods | 61 | €34,567,366 | €35,948,517 | +€1.4m | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €154,019 | -€48,813 | -€202,832 | |
| Other operating charges | 640/8 | €54,679 | €53,451 | -€1,228 | -2.2% |
| Operating profit (loss) | 9901 | €7,070,216 | €8,281,549 | +€1.2m | +17.1% |
| Recurring financial income | 75 | €7,246,594 | €5,824,837 | -€1.4m | -19.6% |
| Income from current assets | 751 | €1,830,469 | €903,412 | -€927,057 | -50.6% |
| Other financial income | 752/9 | €5,416,125 | €4,921,425 | -€494,700 | -9.1% |
| Financial charges | 65/66B | €6,366,124 | €7,329,901 | +€963,777 | +15.1% |
| Recurring financial charges | 65 | €6,366,124 | €7,329,901 | +€963,777 | +15.1% |
| Debt charges | 650 | €1,004,072 | €826,248 | -€177,824 | -17.7% |
| Other financial charges | 652/9 | €5,362,052 | €6,503,653 | +€1.1m | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €7,950,686 | €6,776,485 | -€1.2m | -14.8% |
| Income taxes | 67/77 | €1,992,667 | €1,987,773 | -€4,894 | -0.2% |
| Taxes | 670/3 | €1,992,667 | €1,987,773 | -€4,894 | -0.2% |
| Profit (loss) for the period | 9904 | €5,958,019 | €4,788,711 | -€1.2m | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,958,019 | €4,788,711 | -€1.2m | -19.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.