INNOCHEM: 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
INNOCHEM
NACE 46.851, Wholesale of industrial chemicals
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€2.7m
2025 · €4.6m-€1.9m
Equity
€29.5m
2025 · €27.0m+€2.6m
Cash
€3.6m
2025 · €4.6m-€997,777
Balance sheet total
€30.7m
2025 · €29.2m+€1.5m
Largest movements
Assets
- Financial fixed assets +€13.0m
up €13.0m (+260,020%), from €5,000 to €13.0m
of which Affiliated companies: +€13.0m
- Current investments -€6.0m
no longer reported in 2026 (was €6.0m)
- Receivables within one year -€3.2m
down €3.2m (-31.3%), from €10.2m to €7.0m
of which Trade receivables: -€3.3m
- Stocks and contracts -€1.2m
down €1.2m (-15.3%), from €8.0m to €6.7m
- Cash -€997,777
down €997,777 (-21.8%), from €4.6m to €3.6m
mainly Investment in fixed assets (net) (-€13.0m) and Trade debts (-€970,621)
Equity and liabilities
- Profit (loss) carried forward +€2.6m
up €2.6m (+10.2%), from €25.3m to €27.9m
- Trade debts -€970,621
down €970,621 (-53.1%), from €1.8m to €858,806
Income statement
- Turnover -€11.3m
down €11.3m (-24.7%), from €45.5m to €34.3m
- Goods and materials -€9.2m
down €9.2m (-24.5%), from €37.7m to €28.4m
of which Purchases: -€10.2m
From the 2025 result to the 2026 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 2025
€4.6m
Turnover
-€11.3m
Other operating income
+€69,839
Goods and materials
+€9.2m
Services and other goods
-€79,142
Staff costs
-€62,323
Depreciation
-€1,741
Other operating charges
+€66
Other operating items
-€2,640
Financial income
+€12,324
Financial charges
-€202,087
Taxes
+€381,035
Result 2026
€2.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.1m
Investment
-€7.0m
Financing
-€100,001
Cash 2025
€4.6m
From operations (derived)
+€6.1m
Net result for the year
+€2.7m
Depreciation
+€62,104
Smaller working-capital items
-€37,695
Stocks and contracts
+€1.2m
Receivables within one year
+€3.2m
Trade debts
-€970,621
Accrued charges and deferred income
-€43,359
Investment (derived)
-€7.0m
Investment in fixed assets (net)
-€13.0m
Current investments
+€6.0m
Financing
-€100,001
Contributions, distributions and other
-€100,001
Cash 2026
€3.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,156,648 | €30,701,535 | +€1.5m | +5.3% |
| Fixed assets | 21/28 | €338,819 | €13,279,190 | +€12.9m | +3,819% |
| Intangible fixed assets | 21 | €254,400 | €221,069 | -€33,331 | -13.1% |
| Tangible fixed assets | 22/27 | €79,419 | €52,121 | -€27,298 | -34.4% |
| Land and buildings | 22 | €29,541 | €25,284 | -€4,257 | -14.4% |
| Plant, machinery and equipment | 23 | €1,979 | €1,186 | -€793 | -40.1% |
| Furniture and vehicles | 24 | €47,899 | €25,651 | -€22,248 | -46.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,000 | €13,006,000 | +€13.0m | +260,020% |
| Affiliated companies | 280/1 | - | €13,000,000 | +€13.0m | |
| Amounts receivable | 281 | - | €13,000,000 | +€13.0m | |
| Other financial fixed assets | 284/8 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Shares | 284 | - | €6,000 | +€6,000 | |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €28,817,829 | €17,422,345 | -€11.4m | -39.5% |
| Amounts receivable after more than one year | 29 | - | €24,357 | +€24,357 | |
| Trade receivables | 290 | - | €24,357 | +€24,357 | |
| Stocks and contracts in progress | 3 | €7,952,146 | €6,736,288 | -€1.2m | -15.3% |
| Stocks | 30/36 | €7,952,146 | €6,736,288 | -€1.2m | -15.3% |
| Goods purchased for resale | 34 | €7,952,146 | €6,736,288 | -€1.2m | -15.3% |
| Amounts receivable within one year | 40/41 | €10,242,587 | €7,037,181 | -€3.2m | -31.3% |
| Trade receivables | 40 | €10,135,063 | €6,847,892 | -€3.3m | -32.4% |
| Other amounts receivable | 41 | €107,524 | €189,289 | +€81,765 | +76.0% |
| Current investments | 50/53 | €6,000,000 | - | -€6.0m | |
| Other investments | 51/53 | €6,000,000 | - | -€6.0m | |
| Cash at bank and in hand | 54/58 | €4,577,561 | €3,579,784 | -€997,777 | -21.8% |
| Deferred charges and accrued income | 490/1 | €45,535 | €44,735 | -€800 | -1.8% |
| Total equity and liabilities | 10/49 | €29,156,648 | €30,701,535 | +€1.5m | +5.3% |
| Equity | 10/15 | €26,958,997 | €29,532,002 | +€2.6m | +9.5% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €1,005,087 | €1,005,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,114 | €13,114 | = | 0.0% |
| Distributable reserves | 133 | €930,000 | €930,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,334,176 | €27,907,181 | +€2.6m | +10.2% |
| Amounts payable | 17/49 | €2,197,651 | €1,169,533 | -€1.0m | -46.8% |
| Amounts payable within one year | 42/48 | €2,108,244 | €1,123,485 | -€984,759 | -46.7% |
| Trade debts | 44 | €1,829,427 | €858,806 | -€970,621 | -53.1% |
| Suppliers | 440/4 | €1,829,427 | €858,806 | -€970,621 | -53.1% |
| Taxes, remuneration and social security | 45 | €178,817 | €164,679 | -€14,138 | -7.9% |
| Taxes | 450/3 | €110,453 | €89,931 | -€20,522 | -18.6% |
| Remuneration and social security | 454/9 | €68,364 | €74,748 | +€6,384 | +9.3% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €89,407 | €46,048 | -€43,359 | -48.5% |
| Operating income | 70/76A | €45,655,380 | €34,460,545 | -€11.2m | -24.5% |
| Turnover | 70 | €45,539,718 | €34,275,044 | -€11.3m | -24.7% |
| Other operating income | 74 | €115,662 | €185,501 | +€69,839 | +60.4% |
| Operating charges | 60/66A | €39,997,486 | €30,899,784 | -€9.1m | -22.7% |
| Goods for resale, raw materials and consumables | 60 | €37,672,622 | €28,429,140 | -€9.2m | -24.5% |
| Purchases | 600/8 | €37,372,183 | €27,213,282 | -€10.2m | -27.2% |
| Change in stocks: decrease (increase) | 609 | €300,439 | €1,215,858 | +€915,419 | +305% |
| Services and other goods | 61 | €1,723,507 | €1,802,649 | +€79,142 | +4.6% |
| Remuneration, social security and pensions | 62 | €539,350 | €601,673 | +€62,323 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,363 | €62,104 | +€1,741 | +2.9% |
| Other operating charges | 640/8 | €1,644 | €1,578 | -€66 | -4.0% |
| Non-recurring operating charges | 66A | - | €2,640 | +€2,640 | |
| Operating profit (loss) | 9901 | €5,657,894 | €3,560,761 | -€2.1m | -37.1% |
| Financial income | 75/76B | €200,565 | €212,889 | +€12,324 | +6.1% |
| Recurring financial income | 75 | €197,591 | €212,889 | +€15,298 | +7.7% |
| Income from financial fixed assets | 750 | - | €19,771 | +€19,771 | |
| Income from current assets | 751 | €134,136 | €180,035 | +€45,899 | +34.2% |
| Other financial income | 752/9 | €63,455 | €13,083 | -€50,372 | -79.4% |
| Non-recurring financial income | 76B | €2,974 | - | -€2,974 | |
| Financial charges | 65/66B | €30,660 | €232,747 | +€202,087 | +659% |
| Recurring financial charges | 65 | €30,660 | €232,747 | +€202,087 | +659% |
| Debt charges | 650 | €25 | €273 | +€248 | +992% |
| Other financial charges | 652/9 | €30,635 | €232,474 | +€201,839 | +659% |
| Profit (loss) for the period before taxes | 9903 | €5,827,799 | €3,540,903 | -€2.3m | -39.2% |
| Income taxes | 67/77 | €1,248,932 | €867,897 | -€381,035 | -30.5% |
| Taxes | 670/3 | €1,435,325 | €867,897 | -€567,428 | -39.5% |
| Tax adjustments and reversals of tax provisions | 77 | €186,393 | - | -€186,393 | |
| Profit (loss) for the period | 9904 | €4,578,867 | €2,673,006 | -€1.9m | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,578,867 | €2,673,006 | -€1.9m | -41.6% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.