MF CONSTRUCTION CHEMICALS: 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
MF CONSTRUCTION CHEMICALS
NACE 20.300, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€751
2024 · €290,357-€291,107
Equity
€1.3m
2024 · €1.3m-€751
Cash
-
not filed
Balance sheet total
€2.0m
2024 · €2.2m-€244,894
Largest movements
Assets
- Receivables within one year -€107,539
down €107,539 (-17.8%), from €604,397 to €496,858
of which Other amounts receivable: -€113,261
- Deferred charges and accrued income -€73,956
down €73,956 (-65.8%), from €112,321 to €38,365
- Tangible fixed assets -€62,473
down €62,473 (-9.8%), from €640,186 to €577,713
of which Plant, machinery and equipment: -€52,957
Equity and liabilities
- Trade debts -€227,399
down €227,399 (-25.5%), from €890,455 to €663,055
Income statement
- Goods and materials +€3.0m
up €3.0m, from -€200,578 to €2.8m
of which Change in stocks: decrease (increase): +€3.2m
- Turnover -€224,420
down €224,420 (-4.5%), from €5.0m to €4.8m
- Services and other goods +€165,559
up €165,559 (+15.8%), from €1.0m to €1.2m
- Taxes +€147,277
up €147,277 (+146%), from €100,819 to €248,096
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
€290,357
Turnover
-€224,420
Other operating income
+€48,870
Goods and materials
-€3.0m
Services and other goods
-€165,559
Staff costs
+€24,411
Depreciation
-€16,301
Other operating charges
+€1,867
Other operating items
+€3.2m
Financial income
-€3,652
Financial charges
+€8,967
Taxes
-€147,277
Result 2025
-€751
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,224,304 | €1,979,410 | -€244,894 | -11.0% |
| Fixed assets | 21/28 | €640,186 | €577,713 | -€62,473 | -9.8% |
| Tangible fixed assets | 22/27 | €640,186 | €577,713 | -€62,473 | -9.8% |
| Land and buildings | 22 | €136,463 | €123,672 | -€12,791 | -9.4% |
| Plant, machinery and equipment | 23 | €502,308 | €449,352 | -€52,957 | -10.5% |
| Furniture and vehicles | 24 | €1,415 | €3,959 | +€2,544 | +180% |
| Assets under construction and advance payments | 27 | - | €731 | +€731 | |
| Current assets | 29/58 | €1,584,118 | €1,401,697 | -€182,421 | -11.5% |
| Stocks and contracts in progress | 3 | €867,400 | €866,474 | -€926 | -0.1% |
| Stocks | 30/36 | €867,400 | €866,474 | -€926 | -0.1% |
| Raw materials and consumables | 30/31 | €733,215 | €706,534 | -€26,681 | -3.6% |
| Work in progress | 32 | €4,827 | €2,525 | -€2,302 | -47.7% |
| Finished goods | 33 | €122,389 | €153,854 | +€31,464 | +25.7% |
| Goods purchased for resale | 34 | €6,969 | €3,561 | -€3,407 | -48.9% |
| Amounts receivable within one year | 40/41 | €604,397 | €496,858 | -€107,539 | -17.8% |
| Trade receivables | 40 | €347,429 | €353,150 | +€5,722 | +1.6% |
| Other amounts receivable | 41 | €256,968 | €143,707 | -€113,261 | -44.1% |
| Deferred charges and accrued income | 490/1 | €112,321 | €38,365 | -€73,956 | -65.8% |
| Total equity and liabilities | 10/49 | €2,224,304 | €1,979,410 | -€244,894 | -11.0% |
| Equity | 10/15 | €1,254,281 | €1,253,531 | -€751 | -0.1% |
| Contributions | 10/11 | €6,155 | €6,155 | = | 0.0% |
| Reserves | 13 | €1,248,126 | €1,247,376 | -€751 | -0.1% |
| Tax-exempt reserves | 132 | €22,768 | €22,768 | = | 0.0% |
| Distributable reserves | 133 | €1,225,358 | €1,224,608 | -€751 | -0.1% |
| Amounts payable | 17/49 | €970,023 | €725,880 | -€244,144 | -25.2% |
| Amounts payable within one year | 42/48 | €970,023 | €725,482 | -€244,542 | -25.2% |
| Trade debts | 44 | €890,455 | €663,055 | -€227,399 | -25.5% |
| Suppliers | 440/4 | €890,455 | €663,055 | -€227,399 | -25.5% |
| Taxes, remuneration and social security | 45 | €79,569 | €62,426 | -€17,142 | -21.5% |
| Taxes | 450/3 | €8,706 | €12,596 | +€3,890 | +44.7% |
| Remuneration and social security | 454/9 | €70,863 | €49,830 | -€21,033 | -29.7% |
| Accrued charges and deferred income | 492/3 | €0 | €398 | +€398 | |
| Operating income | 70/76A | €1,891,577 | €4,887,228 | +€3.0m | +158% |
| Turnover | 70 | €5,018,518 | €4,794,098 | -€224,420 | -4.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€3,142,970 | €29,162 | +€3.2m | |
| Other operating income | 74 | €15,098 | €63,968 | +€48,870 | +324% |
| Non-recurring operating income | 76A | €931 | €0 | -€931 | -100% |
| Operating charges | 60/66A | €1,487,487 | €4,632,283 | +€3.1m | +211% |
| Goods for resale, raw materials and consumables | 60 | -€200,578 | €2,788,637 | +€3.0m | |
| Purchases | 600/8 | €2,950,404 | €2,758,549 | -€191,855 | -6.5% |
| Change in stocks: decrease (increase) | 609 | -€3,150,981 | €30,088 | +€3.2m | |
| Services and other goods | 61 | €1,046,496 | €1,212,055 | +€165,559 | +15.8% |
| Remuneration, social security and pensions | 62 | €551,650 | €527,239 | -€24,411 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,204 | €86,505 | +€16,301 | +23.2% |
| Other operating charges | 640/8 | €19,715 | €17,848 | -€1,867 | -9.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €404,090 | €254,945 | -€149,146 | -36.9% |
| Financial income | 75/76B | €3,684 | €33 | -€3,652 | -99.1% |
| Recurring financial income | 75 | €3,684 | €33 | -€3,652 | -99.1% |
| Other financial income | 752/9 | €3,684 | €33 | -€3,652 | -99.1% |
| Financial charges | 65/66B | €16,599 | €7,632 | -€8,967 | -54.0% |
| Recurring financial charges | 65 | €16,599 | €7,632 | -€8,967 | -54.0% |
| Debt charges | 650 | €7,853 | €1,331 | -€6,522 | -83.1% |
| Other financial charges | 652/9 | €8,746 | €6,302 | -€2,445 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €391,175 | €247,345 | -€143,830 | -36.8% |
| Income taxes | 67/77 | €100,819 | €248,096 | +€147,277 | +146% |
| Taxes | 670/3 | €100,819 | €248,096 | +€147,277 | +146% |
| Profit (loss) for the period | 9904 | €290,357 | -€751 | -€291,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €290,357 | -€751 | -€291,107 |
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 25 October 2026 via checked.be.