TIMAC AGRO BELUX: what changed
What changed
TIMAC AGRO BELUX
NACE 20.150, Manufacture of chemicals and chemical products
filed annual accounts (NBB)
Net result for the year
-€2.4m
2024 · -€2.5m+€125,125
Equity
€5.2m
2024 · €7.6m-€2.4m
Cash
€2,621
2024 · €1.2m-€1.2m
Balance sheet total
€33.2m
2024 · €34.9m-€1.6m
Largest movements
Assets
- Cash -€1.2m
down €1.2m (-99.8%), from €1.2m to €2,621
mainly Net result for the year (-€2.4m) and Investment in fixed assets (net) (-€1.7m)
- Receivables within one year -€406,819
down €406,819 (-2.9%), from €14.2m to €13.8m
of which Trade receivables: -€241,748
- Stocks and contracts -€388,047
down €388,047 (-3.9%), from €10.0m to €9.6m
Equity and liabilities
- Profit (loss) carried forward -€2.4m
down €2.4m (-35.8%), from €6.7m to €4.3m
- Short-term financial debts +€2.0m
up €2.0m (+14.2%), from €13.8m to €15.8m
- Trade debts -€1.5m
down €1.5m (-15.4%), from €9.6m to €8.1m
Income statement
- Turnover +€4.2m
up €4.2m (+9.3%), from €44.8m to €48.9m
- Goods and materials +€2.2m
up €2.2m (+7.6%), from €29.3m to €31.5m
of which Change in stocks: decrease (increase): +€1.5m
- Staff costs +€950,532
up €950,532 (+12.3%), from €7.7m to €8.7m
- Services and other goods +€699,367
up €699,367 (+7.3%), from €9.5m to €10.2m
- Write-downs -€699,193
down €699,193, from €410,465 to -€288,728
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2.5m
Turnover
+€4.2m
Other operating income
-€36,927
Goods and materials
-€2.2m
Services and other goods
-€699,367
Staff costs
-€950,532
Depreciation
-€88,667
Write-downs
+€699,193
Provisions
-€202,519
Other operating charges
+€12,403
Other operating items
-€659,503
Financial income
+€114,228
Financial charges
-€5,091
Taxes
-€3,464
Result 2025
-€2.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.3m
Investment
-€1.8m
Financing
+€2.0m
Cash 2024
€1.2m
From operations (derived)
-€1.3m
Net result for the year
-€2.4m
Depreciation
+€1.5m
Stocks and contracts
+€388,047
Receivables within one year
+€406,819
Smaller working-capital items
-€8,622
Provisions
-€16,603
Trade debts
-€1.5m
Tax, wage and social debts
+€274,162
Accrued charges and deferred income
+€38,993
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.7m
Current investments
-€116,611
Financing
+€2.0m
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€8,284
Cash 2025
€2,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,854,710 | €33,220,502 | -€1.6m | -4.7% |
| Fixed assets | 21/28 | €9,337,675 | €9,598,723 | +€261,048 | +2.8% |
| Tangible fixed assets | 22/27 | €9,235,475 | €9,496,524 | +€261,048 | +2.8% |
| Land and buildings | 22 | €2,957,403 | €2,805,918 | -€151,485 | -5.1% |
| Plant, machinery and equipment | 23 | €5,038,240 | €5,758,733 | +€720,493 | +14.3% |
| Furniture and vehicles | 24 | €727,489 | €471,169 | -€256,320 | -35.2% |
| Assets under construction and advance payments | 27 | €512,344 | €460,704 | -€51,640 | -10.1% |
| Financial fixed assets | 28 | €102,200 | €102,200 | = | 0.0% |
| Affiliated companies | 280/1 | €92,400 | €92,400 | = | 0.0% |
| Participating interests | 280 | €92,400 | €92,400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,800 | €9,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €25,517,035 | €23,621,779 | -€1.9m | -7.4% |
| Stocks and contracts in progress | 3 | €10,033,204 | €9,645,157 | -€388,047 | -3.9% |
| Stocks | 30/36 | €10,033,204 | €9,645,157 | -€388,047 | -3.9% |
| Raw materials and consumables | 30/31 | €5,682,565 | €4,532,664 | -€1.1m | -20.2% |
| Finished goods | 33 | €3,892,800 | €4,543,684 | +€650,884 | +16.7% |
| Goods purchased for resale | 34 | €457,839 | €568,808 | +€110,969 | +24.2% |
| Amounts receivable within one year | 40/41 | €14,232,004 | €13,825,186 | -€406,819 | -2.9% |
| Trade receivables | 40 | €13,731,929 | €13,490,181 | -€241,748 | -1.8% |
| Other amounts receivable | 41 | €500,076 | €335,005 | -€165,071 | -33.0% |
| Current investments | 50/53 | - | €116,611 | +€116,611 | |
| Other investments | 51/53 | - | €116,611 | +€116,611 | |
| Cash at bank and in hand | 54/58 | €1,224,806 | €2,621 | -€1.2m | -99.8% |
| Deferred charges and accrued income | 490/1 | €27,021 | €32,206 | +€5,184 | +19.2% |
| Total equity and liabilities | 10/49 | €34,854,710 | €33,220,502 | -€1.6m | -4.7% |
| Equity | 10/15 | €7,580,319 | €5,162,624 | -€2.4m | -31.9% |
| Contributions | 10/11 | €543,357 | €543,357 | = | 0.0% |
| Capital | 10 | €540,000 | €540,000 | = | 0.0% |
| Issued capital | 100 | €540,000 | €540,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,357 | €3,357 | = | 0.0% |
| Share premium | 1100/10 | €3,357 | €3,357 | = | 0.0% |
| Revaluation surpluses | 12 | €14,098 | €14,098 | = | 0.0% |
| Reserves | 13 | €250,195 | €250,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Legal reserve | 130 | €54,000 | €54,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,195 | €196,195 | = | 0.0% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,730,010 | €4,320,598 | -€2.4m | -35.8% |
| Investment grants | 15 | €42,660 | €34,377 | -€8,284 | -19.4% |
| Provisions and deferred taxes | 16 | €1,745,294 | €1,728,691 | -€16,603 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €1,745,294 | €1,728,691 | -€16,603 | -1.0% |
| Major repairs and maintenance | 162 | €632,448 | €497,623 | -€134,824 | -21.3% |
| Environmental obligations | 163 | €699,177 | €699,177 | = | 0.0% |
| Other liabilities and charges | 164/5 | €413,669 | €531,891 | +€118,222 | +28.6% |
| Amounts payable | 17/49 | €25,529,097 | €26,329,187 | +€800,090 | +3.1% |
| Amounts payable within one year | 42/48 | €25,356,447 | €26,117,544 | +€761,097 | +3.0% |
| Financial debts | 43 | €13,807,571 | €15,773,443 | +€2.0m | +14.2% |
| Other loans | 439 | €13,807,571 | €15,773,443 | +€2.0m | +14.2% |
| Trade debts | 44 | €9,596,119 | €8,120,620 | -€1.5m | -15.4% |
| Suppliers | 440/4 | €9,596,119 | €8,120,620 | -€1.5m | -15.4% |
| Taxes, remuneration and social security | 45 | €1,863,808 | €2,137,970 | +€274,162 | +14.7% |
| Taxes | 450/3 | €192,909 | €221,626 | +€28,717 | +14.9% |
| Remuneration and social security | 454/9 | €1,670,899 | €1,916,344 | +€245,445 | +14.7% |
| Other amounts payable | 47/48 | €88,948 | €85,511 | -€3,438 | -3.9% |
| Accrued charges and deferred income | 492/3 | €172,650 | €211,643 | +€38,993 | +22.6% |
| Operating income | 70/76A | €46,905,853 | €49,686,256 | +€2.8m | +5.9% |
| Turnover | 70 | €44,757,260 | €48,933,269 | +€4.2m | +9.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €488,933 | -€70,865 | -€559,798 | |
| Other operating income | 74 | €860,778 | €823,852 | -€36,927 | -4.3% |
| Non-recurring operating income | 76A | €798,882 | - | -€798,882 | |
| Operating charges | 60/66A | €49,083,344 | €51,844,294 | +€2.8m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €29,304,572 | €31,535,211 | +€2.2m | +7.6% |
| Purchases | 600/8 | €30,156,836 | €30,896,064 | +€739,228 | +2.5% |
| Change in stocks: decrease (increase) | 609 | -€852,264 | €639,147 | +€1.5m | |
| Services and other goods | 61 | €9,528,239 | €10,227,606 | +€699,367 | +7.3% |
| Remuneration, social security and pensions | 62 | €7,721,038 | €8,671,570 | +€950,532 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,363,848 | €1,452,515 | +€88,667 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €410,465 | -€288,728 | -€699,193 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€219,122 | -€16,603 | +€202,519 | +92.4% |
| Other operating charges | 640/8 | €275,126 | €262,724 | -€12,403 | -4.5% |
| Non-recurring operating charges | 66A | €699,177 | - | -€699,177 | |
| Operating profit (loss) | 9901 | -€2,177,491 | -€2,158,038 | +€19,452 | +0.9% |
| Financial income | 75/76B | €70,202 | €184,430 | +€114,228 | +163% |
| Recurring financial income | 75 | €70,202 | €184,430 | +€114,228 | +163% |
| Income from financial fixed assets | 750 | €61,186 | €159,660 | +€98,474 | +161% |
| Income from current assets | 751 | €663 | €2,190 | +€1,527 | +230% |
| Other financial income | 752/9 | €8,353 | €22,580 | +€14,227 | +170% |
| Financial charges | 65/66B | €418,725 | €423,816 | +€5,091 | +1.2% |
| Recurring financial charges | 65 | €418,725 | €423,816 | +€5,091 | +1.2% |
| Debt charges | 650 | €412,544 | €414,946 | +€2,401 | +0.6% |
| Other financial charges | 652/9 | €6,181 | €8,871 | +€2,690 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,526,013 | -€2,397,424 | +€128,589 | +5.1% |
| Income taxes | 67/77 | €8,523 | €11,988 | +€3,464 | +40.6% |
| Taxes | 670/3 | €8,523 | €11,988 | +€3,464 | +40.6% |
| Profit (loss) for the period | 9904 | -€2,534,537 | -€2,409,412 | +€125,125 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,534,537 | -€2,409,412 | +€125,125 | +4.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.