OSTEND BASIC CHEMICALS: 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.
What changed
OSTEND BASIC CHEMICALS
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.2m
2023 · -€145,467-€1.1m
Equity
€13.6m
2023 · €14.8m-€1.2m
Cash
€649,962
2023 · €1.1m-€457,609
Balance sheet total
€29.2m
2023 · €30.7m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-20.2%), from €8.1m to €6.4m
of which Trade receivables: -€1.5m
- Tangible fixed assets +€804,125
up €804,125 (+4.8%), from €16.8m to €17.6m
of which Plant, machinery and equipment: +€2.9m
- Cash -€457,609
down €457,609 (-41.3%), from €1.1m to €649,962
mainly Investment in fixed assets (net) (-€2.6m) and Other debts (-€2.0m)
Equity and liabilities
- Debts after one year +€2.3m
up €2.3m (+64.6%), from €3.6m to €6.0m
of which Other amounts payable: +€2.0m
- Other debts -€2.0m
no longer reported in 2024 (was €2.0m)
- Profit (loss) carried forward -€1.2m
down €1.2m (-34.5%), from €3.3m to €2.2m
- Revaluation surpluses -€539,291
down €539,291 (-7.9%), from €6.8m to €6.3m
- Tax, wage and social debts -€529,871
down €529,871 (-33.6%), from €1.6m to €1.0m
of which Taxes: -€544,880
Income statement
- Turnover -€7.6m
down €7.6m (-11.5%), from €66.8m to €59.1m
- Goods and materials -€4.4m
down €4.4m (-10.2%), from €43.2m to €38.8m
of which Purchases: -€7.6m
From the 2023 result to the 2024 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 2023
-€145,467
Turnover
-€7.6m
Other operating income
+€394,236
Goods and materials
+€4.4m
Services and other goods
-€49,092
Staff costs
+€69,588
Depreciation
-€299,801
Write-downs
+€32,264
Provisions
-€27,953
Other operating charges
-€9,739
Other operating items
+€1.7m
Financial income
+€15,975
Financial charges
-€150,659
Taxes
+€493,378
Result 2024
-€1.2m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€589,206
Investment
-€2.6m
Financing
+€2.8m
Cash 2023
€1.1m
From operations (derived)
-€589,206
Net result for the year
-€1.2m
Depreciation
+€1.9m
Stocks and contracts
+€134,032
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€61,836
Provisions
-€50,591
Trade debts
-€508,710
Tax, wage and social debts
-€529,871
Other debts
-€2.0m
Accrued charges and deferred income
+€5,806
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€2.8m
Debts after one year
+€2.3m
Current portion of long-term debt
+€325,751
Short-term financial debts
+€105,118
Cash 2024
€649,962
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,735,980 | €29,204,260 | -€1.5m | -5.0% |
| Fixed assets | 21/28 | €17,037,053 | €17,792,108 | +€755,055 | +4.4% |
| Intangible fixed assets | 21 | €275,484 | €226,414 | -€49,070 | -17.8% |
| Tangible fixed assets | 22/27 | €16,758,570 | €17,562,694 | +€804,125 | +4.8% |
| Land and buildings | 22 | €5,499,634 | €5,549,053 | +€49,419 | +0.9% |
| Plant, machinery and equipment | 23 | €8,137,731 | €11,026,328 | +€2.9m | +35.5% |
| Furniture and vehicles | 24 | €127,449 | €104,723 | -€22,726 | -17.8% |
| Assets under construction and advance payments | 27 | €2,993,756 | €882,590 | -€2.1m | -70.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €13,698,926 | €11,412,152 | -€2.3m | -16.7% |
| Stocks and contracts in progress | 3 | €4,420,805 | €4,286,773 | -€134,032 | -3.0% |
| Stocks | 30/36 | €4,420,805 | €4,286,773 | -€134,032 | -3.0% |
| Raw materials and consumables | 30/31 | €3,304,309 | €2,797,970 | -€506,339 | -15.3% |
| Finished goods | 33 | €1,116,496 | €1,488,803 | +€372,307 | +33.3% |
| Amounts receivable within one year | 40/41 | €8,079,749 | €6,446,452 | -€1.6m | -20.2% |
| Trade receivables | 40 | €7,785,660 | €6,261,405 | -€1.5m | -19.6% |
| Other amounts receivable | 41 | €294,089 | €185,047 | -€109,042 | -37.1% |
| Cash at bank and in hand | 54/58 | €1,107,571 | €649,962 | -€457,609 | -41.3% |
| Deferred charges and accrued income | 490/1 | €90,802 | €28,965 | -€61,836 | -68.1% |
| Total equity and liabilities | 10/49 | €30,735,980 | €29,204,260 | -€1.5m | -5.0% |
| Equity | 10/15 | €14,820,286 | €13,605,367 | -€1.2m | -8.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,805,303 | €6,266,012 | -€539,291 | -7.9% |
| Reserves | 13 | €4,182,647 | €4,658,053 | +€475,406 | +11.4% |
| Non-distributable reserves | 130/1 | €114,917 | €114,917 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64,917 | €64,917 | = | 0.0% |
| Tax-exempt reserves | 132 | €831,983 | €768,098 | -€63,885 | -7.7% |
| Distributable reserves | 133 | €3,235,748 | €3,775,039 | +€539,291 | +16.7% |
| Profit (loss) carried forward | 14 | €3,332,336 | €2,181,302 | -€1.2m | -34.5% |
| Provisions and deferred taxes | 16 | €1,440,011 | €1,389,421 | -€50,591 | -3.5% |
| Provisions for liabilities and charges | 160/5 | €1,248,356 | €1,219,061 | -€29,296 | -2.3% |
| Environmental obligations | 163 | €1,248,356 | €1,219,061 | -€29,296 | -2.3% |
| Deferred taxes | 168 | €191,655 | €170,360 | -€21,295 | -11.1% |
| Amounts payable | 17/49 | €14,475,683 | €14,209,473 | -€266,210 | -1.8% |
| Amounts payable after more than one year | 17 | €3,616,484 | €5,952,180 | +€2.3m | +64.6% |
| Financial debts | 170/4 | €3,616,484 | €3,952,180 | +€335,696 | +9.3% |
| Credit institutions | 173 | €3,616,484 | €3,952,180 | +€335,696 | +9.3% |
| Other amounts payable | 178/9 | - | €2,000,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €10,856,515 | €8,248,803 | -€2.6m | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €596,258 | €922,009 | +€325,751 | +54.6% |
| Financial debts | 43 | €337,767 | €442,885 | +€105,118 | +31.1% |
| Credit institutions | 430/8 | €337,767 | €442,885 | +€105,118 | +31.1% |
| Trade debts | 44 | €6,347,777 | €5,839,067 | -€508,710 | -8.0% |
| Suppliers | 440/4 | €6,347,777 | €5,839,067 | -€508,710 | -8.0% |
| Taxes, remuneration and social security | 45 | €1,574,712 | €1,044,842 | -€529,871 | -33.6% |
| Taxes | 450/3 | €895,046 | €350,165 | -€544,880 | -60.9% |
| Remuneration and social security | 454/9 | €679,667 | €694,677 | +€15,010 | +2.2% |
| Other amounts payable | 47/48 | €2,000,000 | - | -€2.0m | |
| Accrued charges and deferred income | 492/3 | €2,683 | €8,490 | +€5,806 | +216.4% |
| Operating income | 70/76A | €66,178,660 | €60,606,443 | -€5.6m | -8.4% |
| Turnover | 70 | €66,787,978 | €59,138,784 | -€7.6m | -11.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,304,237 | €372,307 | +€1.7m | |
| Own construction capitalised | 72 | €217,420 | €235,662 | +€18,242 | +8.4% |
| Other operating income | 74 | €465,454 | €859,691 | +€394,236 | +84.7% |
| Non-recurring operating income | 76A | €12,044 | - | -€12,044 | |
| Operating charges | 60/66A | €65,686,775 | €61,542,705 | -€4.1m | -6.3% |
| Goods for resale, raw materials and consumables | 60 | €43,232,932 | €38,804,128 | -€4.4m | -10.2% |
| Purchases | 600/8 | €45,869,023 | €38,267,779 | -€7.6m | -16.6% |
| Change in stocks: decrease (increase) | 609 | -€2,636,091 | €536,349 | +€3.2m | |
| Services and other goods | 61 | €17,534,316 | €17,583,408 | +€49,092 | +0.3% |
| Remuneration, social security and pensions | 62 | €3,023,731 | €2,954,143 | -€69,588 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580,111 | €1,879,912 | +€299,801 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,254 | -€30,010 | -€32,264 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€57,249 | -€29,296 | +€27,953 | +48.8% |
| Other operating charges | 640/8 | €370,679 | €380,418 | +€9,739 | +2.6% |
| Operating profit (loss) | 9901 | €491,884 | -€936,262 | -€1.4m | |
| Financial income | 75/76B | €3,945 | €19,920 | +€15,975 | +404.9% |
| Recurring financial income | 75 | €3,945 | €19,920 | +€15,975 | +404.9% |
| Income from financial fixed assets | 750 | €3,945 | €8,518 | +€4,573 | +115.9% |
| Income from current assets | 751 | - | €11,325 | +€11,325 | |
| Other financial income | 752/9 | €0 | €78 | +€78 | +775300.0% |
| Financial charges | 65/66B | €148,852 | €299,511 | +€150,659 | +101.2% |
| Recurring financial charges | 65 | €148,852 | €299,511 | +€150,659 | +101.2% |
| Debt charges | 650 | €100,358 | €260,720 | +€160,362 | +159.8% |
| Other financial charges | 652/9 | €48,494 | €38,791 | -€9,704 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €346,977 | -€1,215,852 | -€1.6m | |
| Transfer from deferred taxes | 780 | €21,295 | €21,295 | = | 0.0% |
| Income taxes | 67/77 | €513,740 | €20,362 | -€493,378 | -96.0% |
| Taxes | 670/3 | €513,740 | €20,362 | -€493,378 | -96.0% |
| Profit (loss) for the period | 9904 | -€145,467 | -€1,214,919 | -€1.1m | -735.2% |
| Transfer from tax-exempt reserves | 789 | €1,353,105 | €63,885 | -€1.3m | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,207,638 | -€1,151,034 | -€2.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.