Advanced Recycling Solutions: 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.
Advanced Recycling Solutions
Largest movements
- Receivables within one year +€3,651
up €3,651 (+1.9%), from €193,247 to €196,897
of which Trade receivables: +€83,196
- Reserves +€18,925
up €18,925 (+117%), from €16,129 to €35,055
of which Distributable reserves: +€18,925
- Trade debts -€18,322
down €18,322 (-16.7%), from €109,942 to €91,620
- Tax, wage and social debts +€2,743
up €2,743 (+45.4%), from €6,042 to €8,784
- Turnover -€274,419
no longer reported in 2025 (was €274,419)
- Services and other goods -€253,883
no longer reported in 2025 (was €253,883)
- Gross operating margin +€26,743
new in 2025: €26,743
From the 2024 result to the 2025 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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,613 | €196,958 | +€3,346 | +1.7% |
| Current assets | 29/58 | €193,613 | €196,958 | +€3,346 | +1.7% |
| Amounts receivable within one year | 40/41 | €193,247 | €196,897 | +€3,651 | +1.9% |
| Trade receivables | 40 | €53,465 | €136,661 | +€83,196 | +156% |
| Other amounts receivable | 41 | €139,782 | €60,237 | -€79,545 | -56.9% |
| Deferred charges and accrued income | 490/1 | €366 | €61 | -€305 | -83.3% |
| Total equity and liabilities | 10/49 | €193,613 | €196,958 | +€3,346 | +1.7% |
| Equity | 10/15 | €77,629 | €96,555 | +€18,925 | +24.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €16,129 | €35,055 | +€18,925 | +117% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €9,979 | €28,905 | +€18,925 | +190% |
| Amounts payable | 17/49 | €115,983 | €100,404 | -€15,579 | -13.4% |
| Amounts payable within one year | 42/48 | €115,983 | €100,404 | -€15,579 | -13.4% |
| Trade debts | 44 | €109,942 | €91,620 | -€18,322 | -16.7% |
| Suppliers | 440/4 | €109,942 | €91,620 | -€18,322 | -16.7% |
| Taxes, remuneration and social security | 45 | €6,042 | €8,784 | +€2,743 | +45.4% |
| Taxes | 450/3 | €6,042 | €8,784 | +€2,743 | +45.4% |
| Operating income | 70/76A | €274,419 | - | -€274,419 | |
| Turnover | 70 | €274,419 | - | -€274,419 | |
| Operating charges | 60/66A | €254,270 | - | -€254,270 | |
| Services and other goods | 61 | €253,883 | - | -€253,883 | |
| Other operating charges | 640/8 | €387 | €895 | +€507 | +131% |
| Gross operating margin | 9900 | - | €26,743 | +€26,743 | |
| Operating profit (loss) | 9901 | €20,149 | €25,849 | +€5,699 | +28.3% |
| Financial income | 75/76B | €2,112 | €711 | -€1,401 | -66.3% |
| Recurring financial income | 75 | €2,112 | €711 | -€1,401 | -66.3% |
| Income from current assets | 751 | €2,112 | - | -€2,112 | |
| Financial charges | 65/66B | €91 | €821 | +€731 | +805% |
| Recurring financial charges | 65 | €91 | €821 | +€731 | +805% |
| Other financial charges | 652/9 | €91 | - | -€91 | |
| Profit (loss) for the period before taxes | 9903 | €22,171 | €25,739 | +€3,568 | +16.1% |
| Income taxes | 67/77 | €6,042 | €6,814 | +€772 | +12.8% |
| Taxes | 670/3 | €6,042 | - | -€6,042 | |
| Profit (loss) for the period | 9904 | €16,129 | €18,925 | +€2,796 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,129 | €18,925 | +€2,796 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.