Aalst Recycling: what changed
What changed
Aalst Recycling
NACE 38.210, Materials recovery from waste
filed annual accounts (NBB)
Net result for the year
€387,995
2024 · €604,216-€216,221
Equity
€1.3m
2024 · €940,554+€387,995
Cash
€923,442
2024 · €916,521+€6,921
Balance sheet total
€2.0m
2024 · €1.7m+€251,923
Largest movements
Assets
- Receivables within one year +€260,280
up €260,280 (+32.9%), from €790,890 to €1.1m
of which Trade receivables: +€260,280
Equity and liabilities
- Profit (loss) carried forward +€387,995
up €387,995 (+42.6%), from €910,554 to €1.3m
- Trade debts -€174,629
down €174,629 (-27.7%), from €630,345 to €455,716
- Tax, wage and social debts +€44,279
up €44,279 (+26.7%), from €165,598 to €209,878
of which Taxes: +€37,880
Income statement
- Gross operating margin -€507,819
down €507,819 (-42.3%), from €1.2m to €694,056
- Write-downs -€279,080
down €279,080, from €176,886 to -€102,194
- Other operating charges +€73,128
up €73,128 (+2,207%), from €3,314 to €76,442
- Taxes -€69,534
down €69,534 (-33.4%), from €207,940 to €138,406
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
€604,216
Gross operating margin
-€507,819
Staff costs
+€11,203
Depreciation
+€326
Write-downs
+€279,080
Other operating charges
-€73,128
Financial income
+€4,257
Financial charges
+€327
Taxes
+€69,534
Result 2025
€387,995
raises the resultlowers the result
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
+€12,588
Investment
+€55
Financing
-€5,722
Cash 2024
€916,521
From operations (derived)
+€12,588
Net result for the year
+€387,995
Depreciation
+€15,223
Receivables within one year
-€260,280
Trade debts
-€174,629
Tax, wage and social debts
+€44,279
Investment (derived)
+€55
Investment in fixed assets (net)
+€55
Financing
-€5,722
Current portion of long-term debt
-€5,722
Cash 2025
€923,442
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,742,220 | €1,994,142 | +€251,923 | +14.5% |
| Fixed assets | 21/28 | €34,809 | €19,531 | -€15,278 | -43.9% |
| Tangible fixed assets | 22/27 | €33,254 | €18,031 | -€15,223 | -45.8% |
| Plant, machinery and equipment | 23 | €32,505 | €18,031 | -€14,474 | -44.5% |
| Furniture and vehicles | 24 | €749 | €0 | -€749 | -100% |
| Financial fixed assets | 28 | €1,555 | €1,500 | -€55 | -3.5% |
| Current assets | 29/58 | €1,707,411 | €1,974,612 | +€267,201 | +15.6% |
| Amounts receivable within one year | 40/41 | €790,890 | €1,051,169 | +€260,280 | +32.9% |
| Trade receivables | 40 | €790,176 | €1,050,456 | +€260,280 | +32.9% |
| Other amounts receivable | 41 | €714 | €714 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €916,521 | €923,442 | +€6,921 | +0.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,742,220 | €1,994,142 | +€251,923 | +14.5% |
| Equity | 10/15 | €940,554 | €1,328,549 | +€387,995 | +41.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €910,554 | €1,298,549 | +€387,995 | +42.6% |
| Amounts payable | 17/49 | €801,666 | €665,594 | -€136,072 | -17.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €801,666 | €665,594 | -€136,072 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,722 | €0 | -€5,722 | -100% |
| Trade debts | 44 | €630,345 | €455,716 | -€174,629 | -27.7% |
| Suppliers | 440/4 | €630,345 | €455,716 | -€174,629 | -27.7% |
| Taxes, remuneration and social security | 45 | €165,598 | €209,878 | +€44,279 | +26.7% |
| Taxes | 450/3 | €151,653 | €189,532 | +€37,880 | +25.0% |
| Remuneration and social security | 454/9 | €13,946 | €20,345 | +€6,399 | +45.9% |
| Remuneration, social security and pensions | 62 | €199,602 | €188,399 | -€11,203 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,549 | €15,223 | -€326 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €176,886 | -€102,194 | -€279,080 | |
| Other operating charges | 640/8 | €3,314 | €76,442 | +€73,128 | +2,207% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,201,875 | €694,056 | -€507,819 | -42.3% |
| Operating profit (loss) | 9901 | €806,524 | €516,185 | -€290,339 | -36.0% |
| Financial income | 75/76B | €7,544 | €11,801 | +€4,257 | +56.4% |
| Recurring financial income | 75 | €7,544 | €11,801 | +€4,257 | +56.4% |
| Financial charges | 65/66B | €1,913 | €1,586 | -€327 | -17.1% |
| Recurring financial charges | 65 | €1,913 | €1,586 | -€327 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €812,156 | €526,400 | -€285,756 | -35.2% |
| Income taxes | 67/77 | €207,940 | €138,406 | -€69,534 | -33.4% |
| Profit (loss) for the period | 9904 | €604,216 | €387,995 | -€216,221 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €604,216 | €387,995 | -€216,221 | -35.8% |
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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 2 November 2026 via checked.be.