REALCO: 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
REALCO
NACE 20.411, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€770,701
2024 · €156,667-€927,368
Equity
€8.4m
2024 · €9.3m-€840,329
Cash
€1.3m
2024 · €309,239+€1.0m
Balance sheet total
€15.7m
2024 · €16.8m-€1.1m
Largest movements
Assets
- Financial fixed assets -€1.3m
down €1.3m (-45.2%), from €2.8m to €1.5m
of which Affiliated companies: -€1.2m
- Cash +€1.0m
up €1.0m (+327%), from €309,239 to €1.3m
mainly Depreciation (+€1.2m) and Investment in fixed assets (net) (+€478,500)
- Tangible fixed assets -€666,566
down €666,566 (-8.1%), from €8.2m to €7.6m
of which Land and buildings: -€378,685
- Receivables within one year -€355,993
down €355,993 (-10.8%), from €3.3m to €2.9m
of which Other amounts receivable: -€330,639
- Intangible fixed assets +€293,052
up €293,052 (+72.5%), from €404,027 to €697,080
Equity and liabilities
- Profit (loss) carried forward -€669,541
down €669,541, from €73,965 to -€595,575
- Debts after one year -€297,585
down €297,585 (-7.1%), from €4.2m to €3.9m
Income statement
- Financial charges +€1.6m
up €1.6m (+656%), from €237,622 to €1.8m
of which Non-recurring financial charges: +€1.5m
- Turnover +€1.4m
up €1.4m (+11.1%), from €12.4m to €13.8m
- Other operating income -€500,242
down €500,242 (-52.1%), from €959,565 to €459,323
- Staff costs +€225,921
up €225,921 (+5.2%), from €4.3m to €4.6m
- Goods and materials +€178,873
up €178,873 (+4.3%), from €4.2m to €4.4m
of which Change in stocks: decrease (increase): +€249,252
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
€156,667
Turnover
+€1.4m
Other operating income
-€500,242
Goods and materials
-€178,873
Services and other goods
-€174,629
Staff costs
-€225,921
Depreciation
-€171,944
Write-downs
-€18,313
Provisions
+€8,357
Other operating charges
-€2,418
Other operating items
+€402,040
Financial income
+€115,725
Financial charges
-€1.6m
Taxes
+€137
Deferred taxes and other
-€1,506
Result 2025
-€770,701
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
+€961,059
Investment
+€478,500
Financing
-€427,014
Cash 2024
€309,239
From operations (derived)
+€961,059
Net result for the year
-€770,701
Depreciation
+€1.2m
Stocks and contracts
+€150,133
Receivables within one year
+€355,993
Deferred charges and accrued income
+€7,559
Provisions
-€63,790
Trade debts
-€55,343
Tax, wage and social debts
+€119,474
Other debts
+€74,176
Accrued charges and deferred income
-€22,403
Investment (derived)
+€478,500
Investment in fixed assets (net)
+€478,500
Financing
-€427,014
Debts after one year
-€297,585
Current portion of long-term debt
-€59,800
Contributions, distributions and other
-€69,628
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,830,838 | €15,685,238 | -€1.1m | -6.8% |
| Fixed assets | 21/28 | €11,462,427 | €9,817,967 | -€1.6m | -14.3% |
| Intangible fixed assets | 21 | €404,027 | €697,080 | +€293,052 | +72.5% |
| Tangible fixed assets | 22/27 | €8,248,488 | €7,581,922 | -€666,566 | -8.1% |
| Land and buildings | 22 | €6,415,285 | €6,036,600 | -€378,685 | -5.9% |
| Plant, machinery and equipment | 23 | €1,464,489 | €1,253,792 | -€210,697 | -14.4% |
| Furniture and vehicles | 24 | €91,770 | €117,881 | +€26,111 | +28.5% |
| Leasing and similar rights | 25 | €276,944 | €173,649 | -€103,296 | -37.3% |
| Financial fixed assets | 28 | €2,809,912 | €1,538,965 | -€1.3m | -45.2% |
| Affiliated companies | 280/1 | €2,783,545 | €1,534,355 | -€1.2m | -44.9% |
| Participating interests | 280 | €2,783,545 | €1,534,355 | -€1.2m | -44.9% |
| Other financial fixed assets | 284/8 | €26,367 | €4,610 | -€21,757 | -82.5% |
| Amounts receivable and cash guarantees | 285/8 | €26,367 | €4,610 | -€21,757 | -82.5% |
| Current assets | 29/58 | €5,368,411 | €5,867,271 | +€498,860 | +9.3% |
| Stocks and contracts in progress | 3 | €1,719,137 | €1,569,004 | -€150,133 | -8.7% |
| Stocks | 30/36 | €1,719,137 | €1,569,004 | -€150,133 | -8.7% |
| Raw materials and consumables | 30/31 | €945,577 | €827,211 | -€118,366 | -12.5% |
| Finished goods | 33 | €604,498 | €588,126 | -€16,372 | -2.7% |
| Goods purchased for resale | 34 | €169,061 | €153,667 | -€15,395 | -9.1% |
| Amounts receivable within one year | 40/41 | €3,282,053 | €2,926,061 | -€355,993 | -10.8% |
| Trade receivables | 40 | €2,507,158 | €2,481,804 | -€25,353 | -1.0% |
| Other amounts receivable | 41 | €774,896 | €444,256 | -€330,639 | -42.7% |
| Cash at bank and in hand | 54/58 | €309,239 | €1,321,785 | +€1.0m | +327% |
| Deferred charges and accrued income | 490/1 | €57,981 | €50,422 | -€7,559 | -13.0% |
| Total equity and liabilities | 10/49 | €16,830,838 | €15,685,238 | -€1.1m | -6.8% |
| Equity | 10/15 | €9,281,302 | €8,440,972 | -€840,329 | -9.1% |
| Contributions | 10/11 | €1,672,880 | €1,672,880 | = | 0.0% |
| Capital | 10 | €796,660 | €796,660 | = | 0.0% |
| Issued capital | 100 | €796,660 | €796,660 | = | 0.0% |
| Contributions outside capital | 11 | €876,220 | €876,220 | = | 0.0% |
| Share premium | 1100/10 | €876,220 | €876,220 | = | 0.0% |
| Revaluation surpluses | 12 | €1,134,355 | €1,134,355 | = | 0.0% |
| Reserves | 13 | €5,974,101 | €5,872,941 | -€101,160 | -1.7% |
| Non-distributable reserves | 130/1 | €79,666 | €79,666 | = | 0.0% |
| Legal reserve | 130 | €79,666 | €79,666 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,744,435 | €1,643,275 | -€101,160 | -5.8% |
| Distributable reserves | 133 | €4,150,000 | €4,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,965 | -€595,575 | -€669,541 | |
| Investment grants | 15 | €426,000 | €356,372 | -€69,628 | -16.3% |
| Provisions and deferred taxes | 16 | €517,657 | €453,867 | -€63,790 | -12.3% |
| Provisions for liabilities and charges | 160/5 | €59,500 | €21,000 | -€38,500 | -64.7% |
| Other liabilities and charges | 164/5 | €59,500 | €21,000 | -€38,500 | -64.7% |
| Deferred taxes | 168 | €458,157 | €432,867 | -€25,290 | -5.5% |
| Amounts payable | 17/49 | €7,031,880 | €6,790,398 | -€241,481 | -3.4% |
| Amounts payable after more than one year | 17 | €4,200,938 | €3,903,352 | -€297,585 | -7.1% |
| Financial debts | 170/4 | €4,200,938 | €3,903,352 | -€297,585 | -7.1% |
| Leasing and similar obligations | 172 | €183,169 | €95,106 | -€88,064 | -48.1% |
| Credit institutions | 173 | €4,017,768 | €3,808,246 | -€209,522 | -5.2% |
| Amounts payable within one year | 42/48 | €2,783,414 | €2,861,921 | +€78,507 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €777,643 | €717,843 | -€59,800 | -7.7% |
| Trade debts | 44 | €1,226,607 | €1,171,264 | -€55,343 | -4.5% |
| Suppliers | 440/4 | €1,226,607 | €1,171,264 | -€55,343 | -4.5% |
| Taxes, remuneration and social security | 45 | €755,101 | €874,574 | +€119,474 | +15.8% |
| Taxes | 450/3 | €139,865 | €133,584 | -€6,281 | -4.5% |
| Remuneration and social security | 454/9 | €615,235 | €740,990 | +€125,755 | +20.4% |
| Other amounts payable | 47/48 | €24,064 | €98,240 | +€74,176 | +308% |
| Accrued charges and deferred income | 492/3 | €47,528 | €25,125 | -€22,403 | -47.1% |
| Operating income | 70/76A | €13,434,096 | €14,713,738 | +€1.3m | +9.5% |
| Turnover | 70 | €12,414,585 | €13,792,430 | +€1.4m | +11.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €47,176 | €55,753 | +€8,577 | +18.2% |
| Own construction capitalised | 72 | - | €402,289 | +€402,289 | |
| Other operating income | 74 | €959,565 | €459,323 | -€500,242 | -52.1% |
| Non-recurring operating income | 76A | €12,770 | €3,944 | -€8,826 | -69.1% |
| Operating charges | 60/66A | €13,169,189 | €13,932,931 | +€763,742 | +5.8% |
| Goods for resale, raw materials and consumables | 60 | €4,180,758 | €4,359,631 | +€178,873 | +4.3% |
| Purchases | 600/8 | €4,342,160 | €4,271,780 | -€70,379 | -1.6% |
| Change in stocks: decrease (increase) | 609 | -€161,401 | €87,851 | +€249,252 | |
| Services and other goods | 61 | €3,616,800 | €3,791,429 | +€174,629 | +4.8% |
| Remuneration, social security and pensions | 62 | €4,335,967 | €4,561,888 | +€225,921 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994,016 | €1,165,960 | +€171,944 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,823 | €46,136 | +€18,313 | +65.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,143 | -€38,500 | -€8,357 | -27.7% |
| Other operating charges | 640/8 | €43,967 | €46,386 | +€2,418 | +5.5% |
| Operating profit (loss) | 9901 | €264,906 | €780,808 | +€515,901 | +195% |
| Financial income | 75/76B | €108,337 | €224,062 | +€115,725 | +107% |
| Recurring financial income | 75 | €107,512 | €72,458 | -€35,054 | -32.6% |
| Income from financial fixed assets | 750 | €34,407 | €30,319 | -€4,088 | -11.9% |
| Other financial income | 752/9 | €73,105 | €42,139 | -€30,966 | -42.4% |
| Non-recurring financial income | 76B | €825 | €151,604 | +€150,779 | +18,276% |
| Financial charges | 65/66B | €237,622 | €1,795,246 | +€1.6m | +656% |
| Recurring financial charges | 65 | €237,523 | €276,541 | +€39,018 | +16.4% |
| Debt charges | 650 | €183,324 | €156,086 | -€27,238 | -14.9% |
| Other financial charges | 652/9 | €54,199 | €120,455 | +€66,256 | +122% |
| Non-recurring financial charges | 66B | €98 | €1,518,704 | +€1.5m | +1,547,072% |
| Profit (loss) for the period before taxes | 9903 | €135,622 | -€790,376 | -€925,998 | |
| Transfer from deferred taxes | 780 | €26,796 | €25,290 | -€1,506 | -5.6% |
| Income taxes | 67/77 | €5,751 | €5,615 | -€137 | -2.4% |
| Taxes | 670/3 | €5,751 | €5,615 | -€137 | -2.4% |
| Profit (loss) for the period | 9904 | €156,667 | -€770,701 | -€927,368 | |
| Transfer from tax-exempt reserves | 789 | €107,185 | €101,160 | -€6,024 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €263,852 | -€669,541 | -€933,392 |
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 30 October 2026 via checked.be.