KORACHEM: 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
KORACHEM
NACE 20.160, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€223,363
2024 · €148,059-€371,422
Equity
€4.8m
2024 · €5.1m-€223,363
Cash
€638,241
2024 · €472,523+€165,719
Balance sheet total
€9.8m
2024 · €10.2m-€407,319
Largest movements
Assets
- Financial fixed assets -€400,000
down €400,000 (-25.0%), from €1.6m to €1.2m
- Tangible fixed assets -€386,314
down €386,314 (-23.5%), from €1.6m to €1.3m
of which Plant, machinery and equipment: -€234,637
- Receivables within one year +€329,463
up €329,463 (+10.5%), from €3.2m to €3.5m
of which Trade receivables: +€369,033
- Cash +€165,719
up €165,719 (+35.1%), from €472,523 to €638,241
mainly Depreciation (+€721,276) and Investment in fixed assets (net) (+€88,995)
Equity and liabilities
- Profit (loss) carried forward -€223,363
down €223,363 (-89.8%), from -€248,764 to -€472,127
- Debts after one year -€151,307
down €151,307 (-11.9%), from €1.3m to €1.1m
of which Financial debts: -€151,307
Income statement
- Turnover +€1.7m
up €1.7m (+9.8%), from €17.1m to €18.8m
- Services and other goods +€894,698
up €894,698 (+21.5%), from €4.2m to €5.1m
- Goods and materials +€881,347
up €881,347 (+10.0%), from €8.8m to €9.7m
of which Purchases: +€879,486
- Other operating income +€354,953
up €354,953 (+293%), from €120,968 to €475,922
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
€148,059
Turnover
+€1.7m
Other operating income
+€354,953
Goods and materials
-€881,347
Services and other goods
-€894,698
Staff costs
-€113,139
Depreciation
-€97,094
Write-downs
-€117,648
Other operating charges
+€46,713
Other operating items
-€186,430
Financial income
-€81,589
Financial charges
+€51,738
Taxes
-€138,163
Result 2025
-€223,363
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
+€156,955
Investment
+€88,995
Financing
-€80,232
Cash 2024
€472,523
From operations (derived)
+€156,955
Net result for the year
-€223,363
Depreciation
+€721,276
Stocks and contracts
+€63,512
Receivables within one year
-€329,463
Deferred charges and accrued income
+€28,717
Provisions
-€30,000
Trade debts
+€24,547
Tax, wage and social debts
-€19,239
Other debts
+€18,196
Accrued charges and deferred income
-€97,228
Investment (derived)
+€88,995
Investment in fixed assets (net)
+€88,995
Financing
-€80,232
Debts after one year
-€151,307
Current portion of long-term debt
-€2,521
Short-term financial debts
+€73,596
Cash 2025
€638,241
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,177,265 | €9,769,946 | -€407,319 | -4.0% |
| Fixed assets | 21/28 | €3,818,780 | €3,008,509 | -€810,272 | -21.2% |
| Intangible fixed assets | 21 | €577,345 | €553,388 | -€23,957 | -4.1% |
| Tangible fixed assets | 22/27 | €1,641,435 | €1,255,121 | -€386,314 | -23.5% |
| Land and buildings | 22 | €58,257 | €84,930 | +€26,674 | +45.8% |
| Plant, machinery and equipment | 23 | €838,145 | €603,508 | -€234,637 | -28.0% |
| Furniture and vehicles | 24 | €10,172 | €8,379 | -€1,792 | -17.6% |
| Leasing and similar rights | 25 | €572,063 | €427,581 | -€144,482 | -25.3% |
| Other tangible fixed assets | 26 | €139,512 | €110,022 | -€29,490 | -21.1% |
| Assets under construction and advance payments | 27 | €23,287 | €20,700 | -€2,587 | -11.1% |
| Financial fixed assets | 28 | €1,600,000 | €1,200,000 | -€400,000 | -25.0% |
| Affiliated companies | 280/1 | €1,600,000 | €1,200,000 | -€400,000 | -25.0% |
| Amounts receivable | 281 | €1,600,000 | €1,200,000 | -€400,000 | -25.0% |
| Current assets | 29/58 | €6,358,485 | €6,761,437 | +€402,953 | +6.3% |
| Stocks and contracts in progress | 3 | €2,650,712 | €2,587,200 | -€63,512 | -2.4% |
| Stocks | 30/36 | €2,650,712 | €2,587,200 | -€63,512 | -2.4% |
| Raw materials and consumables | 30/31 | €1,763,316 | €1,736,945 | -€26,370 | -1.5% |
| Work in progress | 32 | €12,597 | - | -€12,597 | |
| Finished goods | 33 | €793,840 | €773,451 | -€20,388 | -2.6% |
| Goods purchased for resale | 34 | €80,959 | €76,804 | -€4,156 | -5.1% |
| Amounts receivable within one year | 40/41 | €3,151,838 | €3,481,301 | +€329,463 | +10.5% |
| Trade receivables | 40 | €3,086,572 | €3,455,605 | +€369,033 | +12.0% |
| Other amounts receivable | 41 | €65,265 | €25,696 | -€39,570 | -60.6% |
| Cash at bank and in hand | 54/58 | €472,523 | €638,241 | +€165,719 | +35.1% |
| Deferred charges and accrued income | 490/1 | €83,412 | €54,695 | -€28,717 | -34.4% |
| Total equity and liabilities | 10/49 | €10,177,265 | €9,769,946 | -€407,319 | -4.0% |
| Equity | 10/15 | €5,063,787 | €4,840,424 | -€223,363 | -4.4% |
| Contributions | 10/11 | €5,278,750 | €5,278,750 | = | 0.0% |
| Capital | 10 | €5,278,750 | €5,278,750 | = | 0.0% |
| Issued capital | 100 | €5,278,750 | €5,278,750 | = | 0.0% |
| Reserves | 13 | €33,802 | €33,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,802 | €33,802 | = | 0.0% |
| Legal reserve | 130 | €33,802 | €33,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,764 | -€472,127 | -€223,363 | -89.8% |
| Provisions and deferred taxes | 16 | €200,000 | €170,000 | -€30,000 | -15.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €170,000 | -€30,000 | -15.0% |
| Other liabilities and charges | 164/5 | €200,000 | €170,000 | -€30,000 | -15.0% |
| Amounts payable | 17/49 | €4,913,478 | €4,759,522 | -€153,956 | -3.1% |
| Amounts payable after more than one year | 17 | €1,275,509 | €1,124,202 | -€151,307 | -11.9% |
| Financial debts | 170/4 | €505,451 | €354,144 | -€151,307 | -29.9% |
| Leasing and similar obligations | 172 | €426,600 | €288,324 | -€138,276 | -32.4% |
| Credit institutions | 173 | €78,851 | €65,819 | -€13,032 | -16.5% |
| Other amounts payable | 178/9 | €770,058 | €770,058 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,494,553 | €3,589,132 | +€94,579 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €155,073 | €152,552 | -€2,521 | -1.6% |
| Financial debts | 43 | €130,000 | €203,596 | +€73,596 | +56.6% |
| Credit institutions | 430/8 | €130,000 | €203,596 | +€73,596 | +56.6% |
| Trade debts | 44 | €2,279,993 | €2,304,541 | +€24,547 | +1.1% |
| Suppliers | 440/4 | €2,279,993 | €2,304,541 | +€24,547 | +1.1% |
| Taxes, remuneration and social security | 45 | €751,330 | €732,091 | -€19,239 | -2.6% |
| Taxes | 450/3 | €103,942 | €102,327 | -€1,615 | -1.6% |
| Remuneration and social security | 454/9 | €647,388 | €629,764 | -€17,623 | -2.7% |
| Other amounts payable | 47/48 | €178,157 | €196,352 | +€18,196 | +10.2% |
| Accrued charges and deferred income | 492/3 | €143,416 | €46,188 | -€97,228 | -67.8% |
| Operating income | 70/76A | €17,358,165 | €19,307,251 | +€1.9m | +11.2% |
| Turnover | 70 | €17,146,047 | €18,831,329 | +€1.7m | +9.8% |
| Other operating income | 74 | €120,968 | €475,922 | +€354,953 | +293% |
| Non-recurring operating income | 76A | €91,150 | - | -€91,150 | |
| Operating charges | 60/66A | €17,261,034 | €19,413,528 | +€2.2m | +12.5% |
| Goods for resale, raw materials and consumables | 60 | €8,847,467 | €9,728,815 | +€881,347 | +10.0% |
| Purchases | 600/8 | €8,878,376 | €9,757,862 | +€879,486 | +9.9% |
| Change in stocks: decrease (increase) | 609 | -€30,908 | -€29,047 | +€1,861 | +6.0% |
| Services and other goods | 61 | €4,160,515 | €5,055,214 | +€894,698 | +21.5% |
| Remuneration, social security and pensions | 62 | €3,403,115 | €3,516,254 | +€113,139 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624,182 | €721,276 | +€97,094 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,275 | €140,923 | +€117,648 | +505% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€30,000 | = | 0.0% |
| Other operating charges | 640/8 | €232,479 | €185,766 | -€46,713 | -20.1% |
| Non-recurring operating charges | 66A | - | €95,280 | +€95,280 | |
| Operating profit (loss) | 9901 | €97,131 | -€106,276 | -€203,408 | |
| Financial income | 75/76B | €111,715 | €30,126 | -€81,589 | -73.0% |
| Recurring financial income | 75 | €111,715 | €30,126 | -€81,589 | -73.0% |
| Income from financial fixed assets | 750 | €97,275 | - | -€97,275 | |
| Income from current assets | 751 | - | €29,979 | +€29,979 | |
| Other financial income | 752/9 | €14,441 | €147 | -€14,293 | -99.0% |
| Financial charges | 65/66B | €166,147 | €114,409 | -€51,738 | -31.1% |
| Recurring financial charges | 65 | €166,147 | €114,409 | -€51,738 | -31.1% |
| Debt charges | 650 | €157,436 | €99,587 | -€57,850 | -36.7% |
| Other financial charges | 652/9 | €8,711 | €14,822 | +€6,112 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €42,699 | -€190,559 | -€233,258 | |
| Income taxes | 67/77 | -€105,359 | €32,804 | +€138,163 | |
| Taxes | 670/3 | €61,073 | €32,804 | -€28,269 | -46.3% |
| Tax adjustments and reversals of tax provisions | 77 | €166,432 | - | -€166,432 | |
| Profit (loss) for the period | 9904 | €148,059 | -€223,363 | -€371,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €148,059 | -€223,363 | -€371,422 |
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 15 October 2026 via checked.be.