KYZEN: what changed
What changed
KYZEN
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
€87,230
2024 · €109,327-€22,097
Equity
€1.4m
2024 · €1.3m+€87,230
Cash
€243,680
2024 · €272,059-€28,378
Balance sheet total
€2.2m
2024 · €1.8m+€411,616
Largest movements
Assets
- Stocks and contracts +€370,771
up €370,771 (+47.0%), from €789,615 to €1.2m
- Receivables within one year +€73,966
up €73,966 (+13.3%), from €554,865 to €628,831
of which Trade receivables: +€89,931
- Cash -€28,378
down €28,378 (-10.4%), from €272,059 to €243,680
mainly Stocks and contracts (-€370,771) and Receivables within one year (-€73,966)
Equity and liabilities
- Trade debts +€291,529
up €291,529 (+81.4%), from €358,334 to €649,862
- Profit (loss) carried forward +€87,230
up €87,230 (+22.1%), from -€394,944 to -€307,715
- Tax, wage and social debts +€23,716
up €23,716 (+44.7%), from €53,015 to €76,731
of which Taxes: +€35,899
Income statement
- Gross operating margin +€98,609
up €98,609 (+15.6%), from €633,588 to €732,197
- Staff costs +€87,763
up €87,763 (+18.7%), from €469,012 to €556,775
- Write-downs +€68,000
new in 2025: €68,000
- Financial income +€50,821
up €50,821 (+771%), from €6,595 to €57,416
- Taxes +€35,899
new in 2025: €35,899
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
€109,327
Gross operating margin
+€98,609
Staff costs
-€87,763
Depreciation
-€2,117
Write-downs
-€68,000
Other operating charges
+€11,478
Financial income
+€50,821
Financial charges
+€10,774
Taxes
-€35,899
Result 2025
€87,230
raises the resultlowers the result
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
-€6,247
Investment
-€22,131
Financing
€0
Cash 2024
€272,059
From operations (derived)
-€6,247
Net result for the year
+€87,230
Depreciation
+€27,935
Stocks and contracts
-€370,771
Receivables within one year
-€73,966
Deferred charges and accrued income
-€1,062
Trade debts
+€291,529
Tax, wage and social debts
+€23,716
Other debts
-€741
Accrued charges and deferred income
+€9,883
Investment (derived)
-€22,131
Investment in fixed assets (net)
-€22,131
Cash 2025
€243,680
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,757,021 | €2,168,637 | +€411,616 | +23.4% |
| Fixed assets | 21/28 | €125,842 | €120,037 | -€5,805 | -4.6% |
| Tangible fixed assets | 22/27 | €107,368 | €101,436 | -€5,932 | -5.5% |
| Plant, machinery and equipment | 23 | €40,578 | €35,646 | -€4,932 | -12.2% |
| Furniture and vehicles | 24 | €39,848 | €38,134 | -€1,714 | -4.3% |
| Other tangible fixed assets | 26 | €26,942 | €27,656 | +€714 | +2.6% |
| Financial fixed assets | 28 | €18,474 | €18,602 | +€128 | +0.7% |
| Current assets | 29/58 | €1,631,180 | €2,048,600 | +€417,421 | +25.6% |
| Stocks and contracts in progress | 3 | €789,615 | €1,160,386 | +€370,771 | +47.0% |
| Stocks | 30/36 | €789,615 | €1,160,386 | +€370,771 | +47.0% |
| Amounts receivable within one year | 40/41 | €554,865 | €628,831 | +€73,966 | +13.3% |
| Trade receivables | 40 | €526,679 | €616,610 | +€89,931 | +17.1% |
| Other amounts receivable | 41 | €28,185 | €12,220 | -€15,965 | -56.6% |
| Cash at bank and in hand | 54/58 | €272,059 | €243,680 | -€28,378 | -10.4% |
| Deferred charges and accrued income | 490/1 | €14,641 | €15,703 | +€1,062 | +7.3% |
| Total equity and liabilities | 10/49 | €1,757,021 | €2,168,637 | +€411,616 | +23.4% |
| Equity | 10/15 | €1,331,183 | €1,418,412 | +€87,230 | +6.6% |
| Contributions | 10/11 | €1,726,127 | €1,726,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,944 | -€307,715 | +€87,230 | +22.1% |
| Amounts payable | 17/49 | €425,839 | €750,225 | +€324,386 | +76.2% |
| Amounts payable within one year | 42/48 | €413,381 | €727,884 | +€314,504 | +76.1% |
| Trade debts | 44 | €358,334 | €649,862 | +€291,529 | +81.4% |
| Suppliers | 440/4 | €358,334 | €649,862 | +€291,529 | +81.4% |
| Taxes, remuneration and social security | 45 | €53,015 | €76,731 | +€23,716 | +44.7% |
| Taxes | 450/3 | - | €35,899 | +€35,899 | |
| Remuneration and social security | 454/9 | €53,015 | €40,833 | -€12,182 | -23.0% |
| Other amounts payable | 47/48 | €2,032 | €1,291 | -€741 | -36.5% |
| Accrued charges and deferred income | 492/3 | €12,458 | €22,341 | +€9,883 | +79.3% |
| Remuneration, social security and pensions | 62 | €469,012 | €556,775 | +€87,763 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,818 | €27,935 | +€2,117 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €68,000 | +€68,000 | |
| Other operating charges | 640/8 | €18,625 | €7,147 | -€11,478 | -61.6% |
| Gross operating margin | 9900 | €633,588 | €732,197 | +€98,609 | +15.6% |
| Operating profit (loss) | 9901 | €120,132 | €72,339 | -€47,793 | -39.8% |
| Financial income | 75/76B | €6,595 | €57,416 | +€50,821 | +771% |
| Recurring financial income | 75 | €6,595 | €57,416 | +€50,821 | +771% |
| Financial charges | 65/66B | €17,400 | €6,626 | -€10,774 | -61.9% |
| Recurring financial charges | 65 | €17,400 | €6,626 | -€10,774 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €109,327 | €123,129 | +€13,802 | +12.6% |
| Income taxes | 67/77 | - | €35,899 | +€35,899 | |
| Profit (loss) for the period | 9904 | €109,327 | €87,230 | -€22,097 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,327 | €87,230 | -€22,097 | -20.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.