UMICORE: what changed
What changed
UMICORE
NACE 20.140, Manufacture of chemicals and chemical products
filed annual accounts (NBB)
Net result for the year
€104.4m
2024 · -€222.8m+€327.2m
Equity
€2.10bn
2024 · €2.12bn-€17.1m
Cash
€8.9m
2024 · €55.8m-€47.0m
Balance sheet total
€6.26bn
2024 · €6.68bn-€421.1m
Largest movements
Assets
- Current investments -€270.1m
down €270.1m (-68.4%), from €394.8m to €124.7m
of which Other investments: -€315.7m
- Receivables after one year -€250.0m
down €250.0m (-83.7%), from €298.8m to €48.8m
- Stocks and contracts +€99.4m
up €99.4m (+18.8%), from €528.9m to €628.3m
of which Stocks: +€97.1m
- Receivables within one year +€89.3m
up €89.3m (+11.3%), from €792.0m to €881.2m
of which Trade receivables: +€132.8m
- Financial fixed assets +€80.7m
up €80.7m (+2.1%), from €3.82bn to €3.90bn
of which Affiliated companies: +€83.5m
Equity and liabilities
- Current portion of long-term debt -€450.0m
down €450.0m (-90.0%), from €500.0m to €50.0m
- Accrued charges and deferred income +€256.2m
up €256.2m (+115%), from €222.7m to €478.9m
- Debts after one year -€225.6m
down €225.6m (-9.3%), from €2.41bn to €2.19bn
of which Financial debts: -€123.6m
- Other debts -€160.0m
down €160.0m (-45.5%), from €351.7m to €191.7m
- Short-term financial debts +€156.1m
new in 2025: €156.1m
Income statement
- Goods and materials +€1.78bn
up €1.78bn (+58.0%), from €3.07bn to €4.85bn
of which Purchases: +€2.00bn
- Turnover +€1.67bn
up €1.67bn (+44.5%), from €3.76bn to €5.43bn
- Financial charges +€170.8m
up €170.8m (+27.5%), from €621.7m to €792.5m
of which Financial charges: +€94.7m
- Financial income +€153.7m
up €153.7m (+22.4%), from €687.6m to €841.3m
of which Financial income: +€94.3m
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
-€222.8m
Turnover
+€1.67bn
Other operating income
+€44.6m
Goods and materials
-€1.78bn
Services and other goods
+€24.7m
Staff costs
-€2.3m
Depreciation
+€16.6m
Write-downs
+€4.3m
Provisions
+€18.9m
Other operating charges
+€6.6m
Other operating items
+€347.4m
Financial income
+€153.7m
Financial charges
-€170.8m
Taxes
-€4.9m
Result 2025
€104.4m
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
+€478.9m
Investment
+€115.2m
Financing
-€641.1m
Cash 2024
€55.8m
From operations (derived)
+€478.9m
Net result for the year
+€104.4m
Depreciation
+€139.8m
Receivables after one year
+€250.0m
Stocks and contracts
-€99.4m
Receivables within one year
-€89.3m
Deferred charges and accrued income
+€57.8m
Provisions
-€25.8m
Trade debts
+€62.5m
Tax, wage and social debts
-€18.9m
Advances received
+€1.6m
Other debts
-€160.0m
Accrued charges and deferred income
+€256.2m
Investment (derived)
+€115.2m
Investment in fixed assets (net)
-€154.9m
Current investments
+€270.1m
Financing
-€641.1m
Debts after one year
-€225.6m
Current portion of long-term debt
-€450.0m
Short-term financial debts
+€156.1m
Contributions, distributions and other
-€121.5m
Cash 2025
€8.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,682,227,462 | €6,261,113,928 | -€421.1m | -6.3% |
| Formation expenses | 20 | €1,141,268 | €0 | -€1.1m | -100% |
| Fixed assets | 21/28 | €4,481,755,338 | €4,497,972,114 | +€16.2m | +0.4% |
| Intangible fixed assets | 21 | €169,590,745 | €116,415,393 | -€53.2m | -31.4% |
| Tangible fixed assets | 22/27 | €496,149,939 | €484,855,263 | -€11.3m | -2.3% |
| Land and buildings | 22 | €177,796,799 | €168,177,627 | -€9.6m | -5.4% |
| Plant, machinery and equipment | 23 | €222,743,559 | €212,680,986 | -€10.1m | -4.5% |
| Furniture and vehicles | 24 | €14,346,323 | €12,066,446 | -€2.3m | -15.9% |
| Leasing and similar rights | 25 | €1,911,250 | €1,746,250 | -€165,000 | -8.6% |
| Other tangible fixed assets | 26 | €13,177,503 | €12,825,409 | -€352,094 | -2.7% |
| Assets under construction and advance payments | 27 | €66,174,505 | €77,358,545 | +€11.2m | +16.9% |
| Financial fixed assets | 28 | €3,816,014,654 | €3,896,701,458 | +€80.7m | +2.1% |
| Affiliated companies | 280/1 | €3,787,958,258 | €3,871,450,922 | +€83.5m | +2.2% |
| Participating interests | 280 | €3,787,958,258 | €3,871,450,922 | +€83.5m | +2.2% |
| Companies linked by participating interests | 282/3 | €128,765 | €103,976 | -€24,789 | -19.3% |
| Participating interests | 282 | €128,765 | €103,976 | -€24,789 | -19.3% |
| Other financial fixed assets | 284/8 | €27,927,632 | €25,146,559 | -€2.8m | -10.0% |
| Shares | 284 | €27,905,415 | €25,130,659 | -€2.8m | -9.9% |
| Amounts receivable and cash guarantees | 285/8 | €22,216 | €15,900 | -€6,316 | -28.4% |
| Current assets | 29/58 | €2,199,330,855 | €1,763,141,814 | -€436.2m | -19.8% |
| Amounts receivable after more than one year | 29 | €298,768,576 | €48,802,254 | -€250.0m | -83.7% |
| Other amounts receivable | 291 | €298,768,576 | €48,802,254 | -€250.0m | -83.7% |
| Stocks and contracts in progress | 3 | €528,896,029 | €628,275,102 | +€99.4m | +18.8% |
| Stocks | 30/36 | €528,896,029 | €626,005,655 | +€97.1m | +18.4% |
| Raw materials and consumables | 30/31 | €229,753,283 | €319,011,266 | +€89.3m | +38.8% |
| Work in progress | 32 | €39,431,069 | €112,546,075 | +€73.1m | +185% |
| Finished goods | 33 | €258,276,035 | €193,935,310 | -€64.3m | -24.9% |
| Advance payments | 36 | €1,435,642 | €513,003 | -€922,638 | -64.3% |
| Contracts in progress | 37 | - | €2,269,447 | +€2.3m | |
| Amounts receivable within one year | 40/41 | €791,957,191 | €881,214,891 | +€89.3m | +11.3% |
| Trade receivables | 40 | €309,849,252 | €442,673,225 | +€132.8m | +42.9% |
| Other amounts receivable | 41 | €482,107,939 | €438,541,666 | -€43.6m | -9.0% |
| Current investments | 50/53 | €394,803,662 | €124,705,447 | -€270.1m | -68.4% |
| Own shares | 50 | €58,922,311 | €104,501,543 | +€45.6m | +77.4% |
| Other investments | 51/53 | €335,881,351 | €20,203,904 | -€315.7m | -94.0% |
| Cash at bank and in hand | 54/58 | €55,848,757 | €8,887,178 | -€47.0m | -84.1% |
| Deferred charges and accrued income | 490/1 | €129,056,640 | €71,256,943 | -€57.8m | -44.8% |
| Total equity and liabilities | 10/49 | €6,682,227,462 | €6,261,113,928 | -€421.1m | -6.3% |
| Equity | 10/15 | €2,122,105,910 | €2,104,982,951 | -€17.1m | -0.8% |
| Contributions | 10/11 | €1,398,129,766 | €1,398,129,766 | = | 0.0% |
| Capital | 10 | €550,000,000 | €550,000,000 | = | 0.0% |
| Issued capital | 100 | €550,000,000 | €550,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €848,129,766 | €848,129,766 | = | 0.0% |
| Share premium | 1100/10 | €848,129,766 | €848,129,766 | = | 0.0% |
| Revaluation surpluses | 12 | €90,952 | €90,952 | = | 0.0% |
| Reserves | 13 | €264,076,178 | €309,655,410 | +€45.6m | +17.3% |
| Non-distributable reserves | 130/1 | €113,922,311 | €159,501,543 | +€45.6m | +40.0% |
| Legal reserve | 130 | €55,000,000 | €55,000,000 | = | 0.0% |
| Own shares acquired | 1312 | €58,922,311 | €104,501,543 | +€45.6m | +77.4% |
| Tax-exempt reserves | 132 | €150,153,867 | €150,153,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457,056,046 | €395,519,813 | -€61.5m | -13.5% |
| Investment grants | 15 | €2,752,968 | €1,587,010 | -€1.2m | -42.4% |
| Provisions and deferred taxes | 16 | €242,580,571 | €216,744,689 | -€25.8m | -10.7% |
| Provisions for liabilities and charges | 160/5 | €242,580,571 | €216,744,689 | -€25.8m | -10.7% |
| Pensions and similar obligations | 160 | €31,044,301 | €21,678,485 | -€9.4m | -30.2% |
| Major repairs and maintenance | 162 | €3,309,811 | €3,087,719 | -€222,092 | -6.7% |
| Environmental obligations | 163 | €120,087,803 | €120,619,570 | +€531,767 | +0.4% |
| Other liabilities and charges | 164/5 | €88,138,656 | €71,358,915 | -€16.8m | -19.0% |
| Amounts payable | 17/49 | €4,317,540,981 | €3,939,386,288 | -€378.2m | -8.8% |
| Amounts payable after more than one year | 17 | €2,413,467,880 | €2,187,836,648 | -€225.6m | -9.3% |
| Financial debts | 170/4 | €2,261,467,860 | €2,137,836,638 | -€123.6m | -5.5% |
| Leasing and similar obligations | 172 | €2,143,093 | €1,985,574 | -€157,519 | -7.4% |
| Credit institutions | 173 | €2,259,324,767 | €2,135,851,064 | -€123.5m | -5.5% |
| Trade debts | 175 | €152,000,020 | €50,000,010 | -€102.0m | -67.1% |
| Suppliers | 1750 | €152,000,020 | €50,000,010 | -€102.0m | -67.1% |
| Amounts payable within one year | 42/48 | €1,681,417,564 | €1,272,654,373 | -€408.8m | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €500,000,000 | €50,000,000 | -€450.0m | -90.0% |
| Financial debts | 43 | - | €156,064,606 | +€156.1m | |
| Other loans | 439 | - | €156,064,606 | +€156.1m | |
| Trade debts | 44 | €715,577,357 | €778,127,254 | +€62.5m | +8.7% |
| Suppliers | 440/4 | €706,166,190 | €774,546,990 | +€68.4m | +9.7% |
| Bills of exchange payable | 441 | €9,411,167 | €3,580,264 | -€5.8m | -62.0% |
| Advances received on contracts in progress | 46 | - | €1,579,668 | +€1.6m | |
| Taxes, remuneration and social security | 45 | €114,143,155 | €95,199,967 | -€18.9m | -16.6% |
| Taxes | 450/3 | €26,471,995 | €10,525,383 | -€15.9m | -60.2% |
| Remuneration and social security | 454/9 | €87,671,160 | €84,674,584 | -€3.0m | -3.4% |
| Other amounts payable | 47/48 | €351,697,052 | €191,682,878 | -€160.0m | -45.5% |
| Accrued charges and deferred income | 492/3 | €222,655,538 | €478,895,267 | +€256.2m | +115% |
| Operating income | 70/76A | €4,138,200,728 | €5,909,489,772 | +€1.77bn | +42.8% |
| Turnover | 70 | €3,757,623,410 | €5,428,389,984 | +€1.67bn | +44.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €32,607,124 | -€34,913,890 | -€67.5m | |
| Own construction capitalised | 72 | €124,034,344 | €80,150,839 | -€43.9m | -35.4% |
| Other operating income | 74 | €223,924,480 | €268,503,261 | +€44.6m | +19.9% |
| Non-recurring operating income | 76A | €11,370 | €167,359,578 | +€167.3m | +1,471,793% |
| Operating charges | 60/66A | €4,434,042,586 | €5,856,174,229 | +€1.42bn | +32.1% |
| Goods for resale, raw materials and consumables | 60 | €3,071,140,914 | €4,853,560,625 | +€1.78bn | +58.0% |
| Purchases | 600/8 | €3,077,650,042 | €5,075,562,283 | +€2.00bn | +64.9% |
| Change in stocks: decrease (increase) | 609 | -€6,509,128 | -€222,001,659 | -€215.5m | -3,311% |
| Services and other goods | 61 | €465,681,304 | €440,987,026 | -€24.7m | -5.3% |
| Remuneration, social security and pensions | 62 | €404,315,952 | €406,574,222 | +€2.3m | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,438,874 | €139,802,352 | -€16.6m | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,750,596 | -€519,124 | -€4.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,011,465 | -€35,865,370 | -€18.9m | -111% |
| Other operating charges | 640/8 | €35,527,727 | €28,932,155 | -€6.6m | -18.6% |
| Non-recurring operating charges | 66A | €314,198,685 | €22,702,343 | -€291.5m | -92.8% |
| Operating profit (loss) | 9901 | -€295,841,858 | €53,315,543 | +€349.2m | |
| Financial income | 75/76B | €687,602,034 | €841,310,164 | +€153.7m | +22.4% |
| Recurring financial income | 75 | €687,598,960 | €781,902,164 | +€94.3m | +13.7% |
| Income from financial fixed assets | 750 | €537,102,002 | €638,960,831 | +€101.9m | +19.0% |
| Income from current assets | 751 | €92,971,145 | €67,900,879 | -€25.1m | -27.0% |
| Other financial income | 752/9 | €57,525,813 | €75,040,454 | +€17.5m | +30.4% |
| Non-recurring financial income | 76B | €3,074 | €59,408,001 | +€59.4m | +1,932,521% |
| Financial charges | 65/66B | €621,718,959 | €792,519,191 | +€170.8m | +27.5% |
| Recurring financial charges | 65 | €192,309,781 | €286,989,416 | +€94.7m | +49.2% |
| Debt charges | 650 | €148,286,966 | €158,184,370 | +€9.9m | +6.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€377,640 | -€377,640 | |
| Other financial charges | 652/9 | €44,022,815 | €129,182,685 | +€85.2m | +193% |
| Non-recurring financial charges | 66B | €429,409,178 | €505,529,776 | +€76.1m | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€229,958,782 | €102,106,516 | +€332.1m | |
| Income taxes | 67/77 | -€7,154,025 | -€2,262,922 | +€4.9m | +68.4% |
| Taxes | 670/3 | €2,094,034 | €674,825 | -€1.4m | -67.8% |
| Tax adjustments and reversals of tax provisions | 77 | €9,248,059 | €2,937,747 | -€6.3m | -68.2% |
| Profit (loss) for the period | 9904 | -€222,804,758 | €104,369,438 | +€327.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€222,804,758 | €104,369,438 | +€327.2m |
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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 8 November 2026 via checked.be.