SQM: what changed
What changed
SQM
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€97,014
2024 · -€419,035+€516,050
Equity
€714,051
2024 · €617,037+€97,014
Cash
€13,406
2024 · €11,629+€1,777
Balance sheet total
€931,772
2024 · €1.1m-€154,568
Largest movements
Assets
- Financial fixed assets -€210,000
down €210,000 (-96.4%), from €217,928 to €7,928
- Receivables within one year +€51,840
up €51,840 (+22.9%), from €226,806 to €278,647
of which Other amounts receivable: +€49,851
- Tangible fixed assets -€18,715
down €18,715 (-65.2%), from €28,706 to €9,991
of which Leasing and similar rights: -€15,014
- Stocks and contracts +€17,961
up €17,961 (+17.7%), from €101,271 to €119,231
Equity and liabilities
- Profit (loss) carried forward +€419,035
no longer reported in 2025 (was -€419,035)
- Reserves -€322,021
down €322,021 (-31.6%), from €1.0m to €695,451
- Other debts -€179,022
no longer reported in 2025 (was €179,022)
- Debts after one year -€109,421
down €109,421 (-88.6%), from €123,556 to €14,135
- Trade debts +€23,456
up €23,456 (+22.3%), from €105,336 to €128,791
Income statement
- Financial charges -€390,085
down €390,085 (-84.3%), from €462,610 to €72,524
of which Non-recurring financial charges: -€352,500
- Financial income +€159,684
up €159,684 (+825%), from €19,348 to €179,032
of which Non-recurring financial income: +€179,022
- Gross operating margin +€121,382
up €121,382 (+246%), from €49,308 to €170,689
- Staff costs +€119,825
new in 2025: €119,825
- Other operating charges -€11,922
down €11,922 (-79.2%), from €15,052 to €3,131
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
-€419,035
Gross operating margin
+€121,382
Staff costs
-€119,825
Depreciation
+€4,519
Other operating charges
+€11,922
Other operating items
-€41,970
Financial income
+€159,684
Financial charges
+€390,085
Taxes
-€9,746
Result 2025
€97,014
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
-€105,370
Investment
+€223,366
Financing
-€116,219
Cash 2024
€11,629
From operations (derived)
-€105,370
Net result for the year
+€97,014
Depreciation
+€5,349
Stocks and contracts
-€17,961
Receivables within one year
-€51,840
Deferred charges and accrued income
-€2,569
Trade debts
+€23,456
Tax, wage and social debts
+€19,195
Other debts
-€179,022
Accrued charges and deferred income
+€1,008
Investment (derived)
+€223,366
Investment in fixed assets (net)
+€223,366
Financing
-€116,219
Debts after one year
-€109,421
Current portion of long-term debt
-€6,798
Cash 2025
€13,406
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,086,339 | €931,772 | -€154,568 | -14.2% |
| Fixed assets | 21/28 | €246,634 | €17,918 | -€228,715 | -92.7% |
| Tangible fixed assets | 22/27 | €28,706 | €9,991 | -€18,715 | -65.2% |
| Plant, machinery and equipment | 23 | €63 | €982 | +€919 | +1,450% |
| Furniture and vehicles | 24 | €13,629 | €9,008 | -€4,620 | -33.9% |
| Leasing and similar rights | 25 | €15,014 | - | -€15,014 | |
| Financial fixed assets | 28 | €217,928 | €7,928 | -€210,000 | -96.4% |
| Current assets | 29/58 | €839,706 | €913,853 | +€74,148 | +8.8% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €101,271 | €119,231 | +€17,961 | +17.7% |
| Stocks | 30/36 | €101,271 | €119,231 | +€17,961 | +17.7% |
| Amounts receivable within one year | 40/41 | €226,806 | €278,647 | +€51,840 | +22.9% |
| Trade receivables | 40 | €80,443 | €82,432 | +€1,989 | +2.5% |
| Other amounts receivable | 41 | €146,364 | €196,215 | +€49,851 | +34.1% |
| Cash at bank and in hand | 54/58 | €11,629 | €13,406 | +€1,777 | +15.3% |
| Deferred charges and accrued income | 490/1 | - | €2,569 | +€2,569 | |
| Total equity and liabilities | 10/49 | €1,086,339 | €931,772 | -€154,568 | -14.2% |
| Equity | 10/15 | €617,037 | €714,051 | +€97,014 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,017,472 | €695,451 | -€322,021 | -31.6% |
| Distributable reserves | 133 | €1,017,472 | €695,451 | -€322,021 | -31.6% |
| Profit (loss) carried forward | 14 | -€419,035 | - | +€419,035 | |
| Amounts payable | 17/49 | €469,302 | €217,720 | -€251,582 | -53.6% |
| Amounts payable after more than one year | 17 | €123,556 | €14,135 | -€109,421 | -88.6% |
| Financial debts | 170/4 | €123,556 | €14,135 | -€109,421 | -88.6% |
| Amounts payable within one year | 42/48 | €345,278 | €202,110 | -€143,169 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €17,405 | €10,607 | -€6,798 | -39.1% |
| Trade debts | 44 | €105,336 | €128,791 | +€23,456 | +22.3% |
| Suppliers | 440/4 | €105,336 | €128,791 | +€23,456 | +22.3% |
| Taxes, remuneration and social security | 45 | €43,516 | €62,711 | +€19,195 | +44.1% |
| Taxes | 450/3 | €41,756 | €39,298 | -€2,458 | -5.9% |
| Remuneration and social security | 454/9 | €1,760 | €23,413 | +€21,653 | +1,230% |
| Other amounts payable | 47/48 | €179,022 | - | -€179,022 | |
| Accrued charges and deferred income | 492/3 | €468 | €1,476 | +€1,008 | +215% |
| Remuneration, social security and pensions | 62 | - | €119,825 | +€119,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,869 | €5,349 | -€4,519 | -45.8% |
| Other operating charges | 640/8 | €15,052 | €3,131 | -€11,922 | -79.2% |
| Non-recurring operating charges | 66A | - | €41,970 | +€41,970 | |
| Gross operating margin | 9900 | €49,308 | €170,689 | +€121,382 | +246% |
| Operating profit (loss) | 9901 | €24,387 | €414 | -€23,973 | -98.3% |
| Financial income | 75/76B | €19,348 | €179,032 | +€159,684 | +825% |
| Recurring financial income | 75 | €19,348 | €11 | -€19,338 | -99.9% |
| Non-recurring financial income | 76B | - | €179,022 | +€179,022 | |
| Financial charges | 65/66B | €462,610 | €72,524 | -€390,085 | -84.3% |
| Recurring financial charges | 65 | €47,610 | €10,024 | -€37,585 | -78.9% |
| Non-recurring financial charges | 66B | €415,000 | €62,500 | -€352,500 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | -€418,875 | €106,922 | +€525,796 | |
| Income taxes | 67/77 | €161 | €9,907 | +€9,746 | +6,062% |
| Profit (loss) for the period | 9904 | -€419,035 | €97,014 | +€516,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€419,035 | €97,014 | +€516,050 |
Next steps
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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 1 November 2026 via checked.be.