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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

Koramic Chemicals

BE 0453.083.337
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€701,003
2024 · €994,139-€1.7m
Equity
€3.7m
2024 · €4.4m-€701,003
Cash
€39,462
2024 · €8,354+€31,108
Balance sheet total
€23.3m
2024 · €21.9m+€1.4m

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€1.5m

    up €1.5m (+7.0%), from €21.6m to €23.2m

Equity and liabilities
  • Debts after one year +€2.2m

    up €2.2m (+13.0%), from €17.3m to €19.5m

  • Profit (loss) carried forward -€701,003

    down €701,003 (-22.2%), from €3.2m to €2.5m

Income statement
  • Financial income -€1.2m

    down €1.2m (-93.1%), from €1.3m to €91,434

  • Financial charges +€443,498

    up €443,498 (+100.0%), from €443,676 to €887,174

    of which Financial charges: +€330,998

  • Gross operating margin -€25,899

    down €25,899 (-21.0%), from €123,507 to €97,608

From the 2024 result to the 2025 result

effect on the 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 €994,139
Gross operating margin -€25,899
Depreciation +€1
Other operating charges -€103
Financial income -€1.2m
Financial charges -€443,498
Result 2025 -€701,003

Cash bridge derived

cash 2024 to 2025

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 -€690,821
Investment -€1.5m
Financing +€2.2m
Cash 2024 €8,354
Net result for the year -€701,003
Depreciation +€1,345
Receivables within one year +€146,793
Deferred charges and accrued income -€6,163
Trade debts -€92,927
Accrued charges and deferred income -€38,866
Investment in fixed assets (net) -€1.5m
Debts after one year +€2.2m
Cash 2025 €39,462
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €21,898,778 €23,310,982 +€1.4m +6.4%
Fixed assets 21/28 €21,642,119 €23,163,845 +€1.5m +7.0%
Intangible fixed assets 21 €2,325 €980 -€1,345 -57.8%
Financial fixed assets 28 €21,639,794 €23,162,865 +€1.5m +7.0%
Current assets 29/58 €256,659 €147,137 -€109,522 -42.7%
Amounts receivable within one year 40/41 €247,959 €101,166 -€146,793 -59.2%
Trade receivables 40 €198,906 €97,486 -€101,420 -51.0%
Other amounts receivable 41 €49,053 €3,680 -€45,373 -92.5%
Cash at bank and in hand 54/58 €8,354 €39,462 +€31,108 +372.4%
Deferred charges and accrued income 490/1 €346 €6,509 +€6,163 +1781.2%
Total equity and liabilities 10/49 €21,898,778 €23,310,982 +€1.4m +6.4%
Equity 10/15 €4,369,330 €3,668,327 -€701,003 -16.0%
Contributions 10/11 €1,107,383 €1,107,383 = 0.0%
Capital 10 €1,107,383 €1,107,383 = 0.0%
Issued capital 100 €1,107,383 €1,107,383 = 0.0%
Reserves 13 €110,738 €110,738 = 0.0%
Non-distributable reserves 130/1 €110,738 €110,738 = 0.0%
Legal reserve 130 €110,738 €110,738 = 0.0%
Profit (loss) carried forward 14 €3,151,209 €2,450,206 -€701,003 -22.2%
Amounts payable 17/49 €17,529,448 €19,642,655 +€2.1m +12.1%
Amounts payable after more than one year 17 €17,300,000 €19,545,000 +€2.2m +13.0%
Financial debts 170/4 €17,300,000 €19,545,000 +€2.2m +13.0%
Amounts payable within one year 42/48 €190,582 €97,655 -€92,927 -48.8%
Trade debts 44 €190,582 €97,655 -€92,927 -48.8%
Suppliers 440/4 €190,582 €97,655 -€92,927 -48.8%
Accrued charges and deferred income 492/3 €38,866 - -€38,866
Non-recurring operating income 76A €98,313 €89,856 -€8,457 -8.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,346 €1,345 -€1 -0.1%
Other operating charges 640/8 €1,423 €1,526 +€103 +7.2%
Gross operating margin 9900 €123,507 €97,608 -€25,899 -21.0%
Operating profit (loss) 9901 €120,738 €94,737 -€26,001 -21.5%
Financial income 75/76B €1,317,077 €91,434 -€1.2m -93.1%
Recurring financial income 75 €1,317,077 €91,434 -€1.2m -93.1%
Financial charges 65/66B €443,676 €887,174 +€443,498 +100.0%
Recurring financial charges 65 €443,676 €774,674 +€330,998 +74.6%
Non-recurring financial charges 66B - €112,500 +€112,500
Profit (loss) for the period before taxes 9903 €994,139 -€701,003 -€1.7m
Profit (loss) for the period 9904 €994,139 -€701,003 -€1.7m
Profit (loss) for the period to be appropriated 9905 €994,139 -€701,003 -€1.7m

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 28 September 2026 via checked.be.