SQM: 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.
SQM
Largest movements
- Receivables within one year -€15,897
down €15,897 (-87.1%), from €18,249 to €2,352
of which Trade receivables: -€12,339
- Cash +€15,791
up €15,791 (+56.2%), from €28,120 to €43,910
mainly Other debts (+€25,000) and Net result for the year (+€17,728)
- Tangible fixed assets -€656
down €656 (-17.3%), from €3,788 to €3,132
of which Furniture and vehicles: -€484
- Other debts +€25,000
up €25,000 (+154.2%), from €16,211 to €41,211
- Tax, wage and social debts -€10,723
down €10,723 (-95.8%), from €11,198 to €475
of which Remuneration and social security: -€10,656
- Profit (loss) carried forward -€10,272
down €10,272 (-60.2%), from €17,051 to €6,779
- Trade debts -€4,768
down €4,768 (-63.8%), from €7,468 to €2,700
- Staff costs -€42,953
down €42,953 (-74.3%), from €57,820 to €14,867
- Gross operating margin -€41,952
down €41,952 (-51.4%), from €81,640 to €39,688
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,427 | €53,665 | -€762 | -1.4% |
| Fixed assets | 21/28 | €7,988 | €7,332 | -€656 | -8.2% |
| Tangible fixed assets | 22/27 | €3,788 | €3,132 | -€656 | -17.3% |
| Plant, machinery and equipment | 23 | €348 | €177 | -€171 | -49.3% |
| Furniture and vehicles | 24 | €3,440 | €2,955 | -€484 | -14.1% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €46,440 | €46,333 | -€106 | -0.2% |
| Amounts receivable within one year | 40/41 | €18,249 | €2,352 | -€15,897 | -87.1% |
| Trade receivables | 40 | €12,339 | - | -€12,339 | |
| Other amounts receivable | 41 | €5,910 | €2,352 | -€3,558 | -60.2% |
| Cash at bank and in hand | 54/58 | €28,120 | €43,910 | +€15,791 | +56.2% |
| Deferred charges and accrued income | 490/1 | €70 | €70 | = | 0.0% |
| Total equity and liabilities | 10/49 | €54,427 | €53,665 | -€762 | -1.4% |
| Equity | 10/15 | €19,551 | €9,279 | -€10,272 | -52.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,051 | €6,779 | -€10,272 | -60.2% |
| Amounts payable | 17/49 | €34,877 | €44,386 | +€9,509 | +27.3% |
| Amounts payable within one year | 42/48 | €34,877 | €44,386 | +€9,509 | +27.3% |
| Trade debts | 44 | €7,468 | €2,700 | -€4,768 | -63.8% |
| Suppliers | 440/4 | €7,468 | €2,700 | -€4,768 | -63.8% |
| Taxes, remuneration and social security | 45 | €11,198 | €475 | -€10,723 | -95.8% |
| Taxes | 450/3 | €542 | €475 | -€67 | -12.3% |
| Remuneration and social security | 454/9 | €10,656 | - | -€10,656 | |
| Other amounts payable | 47/48 | €16,211 | €41,211 | +€25,000 | +154.2% |
| Remuneration, social security and pensions | 62 | €57,820 | €14,867 | -€42,953 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €1,116 | +€17 | +1.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,640 | €39,688 | -€41,952 | -51.4% |
| Operating profit (loss) | 9901 | €22,333 | €23,304 | +€972 | +4.4% |
| Financial income | 75/76B | €169 | €1 | -€168 | -99.5% |
| Recurring financial income | 75 | €169 | €1 | -€168 | -99.5% |
| Financial charges | 65/66B | €109 | €88 | -€21 | -19.6% |
| Recurring financial charges | 65 | €109 | €88 | -€21 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €22,392 | €23,217 | +€825 | +3.7% |
| Income taxes | 67/77 | €5,470 | €5,489 | +€19 | +0.3% |
| Profit (loss) for the period | 9904 | €16,922 | €17,728 | +€806 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,922 | €17,728 | +€806 | +4.8% |
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 5 October 2026 via checked.be.