REWAH: 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
REWAH
NACE 20.300, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€627,509
2024 · €844,616-€217,107
Equity
€5.3m
2024 · €5.0m+€301,259
Cash
€138,733
2024 · €153,084-€14,351
Balance sheet total
€8.2m
2024 · €7.9m+€278,053
Largest movements
Assets
- Stocks and contracts +€266,346
up €266,346 (+11.2%), from €2.4m to €2.6m
- Receivables within one year +€182,189
up €182,189 (+11.5%), from €1.6m to €1.8m
of which Trade receivables: +€92,980
- Tangible fixed assets -€125,757
down €125,757 (-3.4%), from €3.8m to €3.6m
of which Plant, machinery and equipment: -€69,399
Equity and liabilities
- Other debts -€705,250
down €705,250 (-36.8%), from €1.9m to €1.2m
- Short-term financial debts +€700,000
new in 2025: €700,000
- Reserves +€301,259
up €301,259 (+6.7%), from €4.5m to €4.8m
of which Distributable reserves: +€301,259
Income statement
- Services and other goods +€410,084
up €410,084 (+17.7%), from €2.3m to €2.7m
- Turnover -€226,616
down €226,616 (-1.6%), from €14.3m to €14.1m
- Staff costs +€217,590
up €217,590 (+9.5%), from €2.3m to €2.5m
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
€844,616
Turnover
-€226,616
Other operating income
-€11,271
Goods and materials
+€105,864
Services and other goods
-€410,084
Staff costs
-€217,590
Depreciation
-€11,498
Write-downs
+€104,258
Other operating charges
-€36,419
Other operating items
+€458,745
Financial income
-€49,074
Financial charges
+€33,707
Taxes
+€42,871
Result 2025
€627,509
Cash bridge derived
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
-€114,250
Investment
-€273,851
Financing
+€373,750
Cash 2024
€153,084
From operations (derived)
-€114,250
Net result for the year
+€627,509
Depreciation
+€407,211
Receivables after one year
+€2,000
Stocks and contracts
-€266,346
Receivables within one year
-€182,189
Deferred charges and accrued income
+€20,771
Trade debts
-€58,804
Tax, wage and social debts
+€36,195
Other debts
-€705,250
Accrued charges and deferred income
+€4,653
Investment (derived)
-€273,851
Investment in fixed assets (net)
-€273,851
Financing
+€373,750
Short-term financial debts
+€700,000
Contributions, distributions and other
-€326,250
Cash 2025
€138,733
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,913,410 | €8,191,464 | +€278,053 | +3.5% |
| Fixed assets | 21/28 | €3,763,375 | €3,630,014 | -€133,361 | -3.5% |
| Intangible fixed assets | 21 | €11,010 | €3,406 | -€7,604 | -69.1% |
| Tangible fixed assets | 22/27 | €3,752,075 | €3,626,318 | -€125,757 | -3.4% |
| Land and buildings | 22 | €1,424,044 | €1,389,715 | -€34,328 | -2.4% |
| Plant, machinery and equipment | 23 | €784,445 | €715,046 | -€69,399 | -8.8% |
| Furniture and vehicles | 24 | €121,114 | €116,664 | -€4,451 | -3.7% |
| Other tangible fixed assets | 26 | €1,422,471 | €1,404,893 | -€17,579 | -1.2% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Other financial fixed assets | 284/8 | €290 | €290 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €4,150,036 | €4,561,450 | +€411,414 | +9.9% |
| Amounts receivable after more than one year | 29 | €3,333 | €1,333 | -€2,000 | -60.0% |
| Other amounts receivable | 291 | €3,333 | €1,333 | -€2,000 | -60.0% |
| Stocks and contracts in progress | 3 | €2,368,305 | €2,634,651 | +€266,346 | +11.2% |
| Stocks | 30/36 | €2,368,305 | €2,634,651 | +€266,346 | +11.2% |
| Raw materials and consumables | 30/31 | €1,091,067 | €1,090,789 | -€277 | 0.0% |
| Finished goods | 33 | €585,953 | €887,602 | +€301,649 | +51.5% |
| Goods purchased for resale | 34 | €691,285 | €656,260 | -€35,025 | -5.1% |
| Amounts receivable within one year | 40/41 | €1,584,766 | €1,766,955 | +€182,189 | +11.5% |
| Trade receivables | 40 | €1,509,172 | €1,602,152 | +€92,980 | +6.2% |
| Other amounts receivable | 41 | €75,594 | €164,803 | +€89,210 | +118.0% |
| Cash at bank and in hand | 54/58 | €153,084 | €138,733 | -€14,351 | -9.4% |
| Deferred charges and accrued income | 490/1 | €40,547 | €19,777 | -€20,771 | -51.2% |
| Total equity and liabilities | 10/49 | €7,913,410 | €8,191,464 | +€278,053 | +3.5% |
| Equity | 10/15 | €5,031,544 | €5,332,802 | +€301,259 | +6.0% |
| Contributions | 10/11 | €522,000 | €522,000 | = | 0.0% |
| Capital | 10 | €522,000 | €522,000 | = | 0.0% |
| Issued capital | 100 | €522,000 | €522,000 | = | 0.0% |
| Reserves | 13 | €4,509,544 | €4,810,802 | +€301,259 | +6.7% |
| Non-distributable reserves | 130/1 | €52,200 | €52,200 | = | 0.0% |
| Legal reserve | 130 | €52,200 | €52,200 | = | 0.0% |
| Distributable reserves | 133 | €4,457,344 | €4,758,602 | +€301,259 | +6.8% |
| Amounts payable | 17/49 | €2,881,867 | €2,858,661 | -€23,205 | -0.8% |
| Amounts payable within one year | 42/48 | €2,881,867 | €2,854,008 | -€27,859 | -1.0% |
| Financial debts | 43 | - | €700,000 | +€700,000 | |
| Credit institutions | 430/8 | - | €700,000 | +€700,000 | |
| Trade debts | 44 | €707,329 | €648,526 | -€58,804 | -8.3% |
| Suppliers | 440/4 | €707,329 | €648,526 | -€58,804 | -8.3% |
| Taxes, remuneration and social security | 45 | €258,037 | €294,232 | +€36,195 | +14.0% |
| Taxes | 450/3 | €67,216 | €56,649 | -€10,568 | -15.7% |
| Remuneration and social security | 454/9 | €190,821 | €237,584 | +€46,763 | +24.5% |
| Other amounts payable | 47/48 | €1,916,500 | €1,211,250 | -€705,250 | -36.8% |
| Accrued charges and deferred income | 492/3 | - | €4,653 | +€4,653 | |
| Operating income | 70/76A | €14,252,689 | €14,466,068 | +€213,379 | +1.5% |
| Turnover | 70 | €14,293,164 | €14,066,548 | -€226,616 | -1.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€149,617 | €301,649 | +€451,267 | |
| Other operating income | 74 | €109,142 | €97,871 | -€11,271 | -10.3% |
| Operating charges | 60/66A | €12,986,832 | €13,444,823 | +€457,991 | +3.5% |
| Goods for resale, raw materials and consumables | 60 | €7,861,958 | €7,756,094 | -€105,864 | -1.3% |
| Purchases | 600/8 | €7,769,623 | €7,720,791 | -€48,832 | -0.6% |
| Change in stocks: decrease (increase) | 609 | €92,335 | €35,303 | -€57,032 | -61.8% |
| Services and other goods | 61 | €2,312,830 | €2,722,915 | +€410,084 | +17.7% |
| Remuneration, social security and pensions | 62 | €2,299,372 | €2,516,961 | +€217,590 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395,714 | €407,211 | +€11,498 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,970 | -€38,288 | -€104,258 | |
| Other operating charges | 640/8 | €42,831 | €79,250 | +€36,419 | +85.0% |
| Non-recurring operating charges | 66A | €8,157 | €679 | -€7,478 | -91.7% |
| Operating profit (loss) | 9901 | €1,265,857 | €1,021,246 | -€244,611 | -19.3% |
| Financial income | 75/76B | €74,318 | €25,245 | -€49,074 | -66.0% |
| Recurring financial income | 75 | €74,318 | €25,245 | -€49,074 | -66.0% |
| Income from financial fixed assets | 750 | €37,977 | €0 | -€37,977 | -100.0% |
| Income from current assets | 751 | €1,890 | €0 | -€1,890 | -100.0% |
| Other financial income | 752/9 | €34,452 | €25,245 | -€9,207 | -26.7% |
| Financial charges | 65/66B | €218,006 | €184,300 | -€33,707 | -15.5% |
| Recurring financial charges | 65 | €218,006 | €184,300 | -€33,707 | -15.5% |
| Debt charges | 650 | €96,894 | €72,075 | -€24,819 | -25.6% |
| Other financial charges | 652/9 | €121,112 | €112,225 | -€8,887 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,122,169 | €862,191 | -€259,978 | -23.2% |
| Income taxes | 67/77 | €277,554 | €234,682 | -€42,871 | -15.4% |
| Taxes | 670/3 | €289,256 | €234,682 | -€54,574 | -18.9% |
| Tax adjustments and reversals of tax provisions | 77 | €11,703 | - | -€11,703 | |
| Profit (loss) for the period | 9904 | €844,616 | €627,509 | -€217,107 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €844,616 | €627,509 | -€217,107 | -25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.