BIO-COAL & WASTE: 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.
BIO-COAL & WASTE
Largest movements
- Cash -€81,027
down €81,027 (-23.0%), from €352,525 to €271,498
mainly Net result for the year (-€57,385) and Other debts (-€33,341)
- Receivables within one year -€19,211
down €19,211 (-9.4%), from €203,408 to €184,198
of which Trade receivables: -€21,565
- Deferred charges and accrued income +€17,035
new in 2025: €17,035
- Tangible fixed assets -€7,870
down €7,870 (-27.5%), from €28,649 to €20,780
- Reserves -€57,385
down €57,385 (-11.4%), from €502,251 to €444,866
of which Distributable reserves: -€57,385
- Other debts -€33,341
down €33,341 (-56.2%), from €59,311 to €25,971
- Gross operating margin -€17,480
down €17,480 (-46.5%), from -€37,632 to -€55,112
- Financial income +€11,246
up €11,246 (+4,370%), from €257 to €11,503
of which Financial income: +€11,246
- Financial charges +€2,149
up €2,149 (+2,576%), from €83 to €2,233
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €584,633 | €493,561 | -€91,072 | -15.6% |
| Fixed assets | 21/28 | €28,699 | €20,830 | -€7,870 | -27.4% |
| Tangible fixed assets | 22/27 | €28,649 | €20,780 | -€7,870 | -27.5% |
| Furniture and vehicles | 24 | €28,649 | €20,780 | -€7,870 | -27.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €555,933 | €472,731 | -€83,202 | -15.0% |
| Amounts receivable within one year | 40/41 | €203,408 | €184,198 | -€19,211 | -9.4% |
| Trade receivables | 40 | €22,819 | €1,254 | -€21,565 | -94.5% |
| Other amounts receivable | 41 | €180,589 | €182,944 | +€2,355 | +1.3% |
| Cash at bank and in hand | 54/58 | €352,525 | €271,498 | -€81,027 | -23.0% |
| Deferred charges and accrued income | 490/1 | - | €17,035 | +€17,035 | |
| Total equity and liabilities | 10/49 | €584,633 | €493,561 | -€91,072 | -15.6% |
| Equity | 10/15 | €520,851 | €463,466 | -€57,385 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €502,251 | €444,866 | -€57,385 | -11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €500,391 | €443,006 | -€57,385 | -11.5% |
| Amounts payable | 17/49 | €63,782 | €30,094 | -€33,687 | -52.8% |
| Amounts payable within one year | 42/48 | €63,782 | €30,094 | -€33,687 | -52.8% |
| Trade debts | 44 | €2,717 | €2,350 | -€367 | -13.5% |
| Suppliers | 440/4 | €2,717 | €2,350 | -€367 | -13.5% |
| Taxes, remuneration and social security | 45 | €1,753 | €1,774 | +€20 | +1.2% |
| Taxes | 450/3 | €753 | €774 | +€20 | +2.7% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €59,311 | €25,971 | -€33,341 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,541 | €10,870 | +€329 | +3.1% |
| Other operating charges | 640/8 | €462 | €312 | -€150 | -32.4% |
| Gross operating margin | 9900 | -€37,632 | -€55,112 | -€17,480 | -46.5% |
| Operating profit (loss) | 9901 | -€48,635 | -€66,294 | -€17,659 | -36.3% |
| Financial income | 75/76B | €257 | €11,503 | +€11,246 | +4,370% |
| Recurring financial income | 75 | €257 | €11,503 | +€11,246 | +4,370% |
| Non-recurring financial income | 76B | €257 | - | -€257 | |
| Financial charges | 65/66B | €83 | €2,233 | +€2,149 | +2,576% |
| Recurring financial charges | 65 | €83 | €2,233 | +€2,149 | +2,576% |
| Profit (loss) for the period before taxes | 9903 | -€48,461 | -€57,024 | -€8,563 | -17.7% |
| Income taxes | 67/77 | €386 | €361 | -€25 | -6.4% |
| Profit (loss) for the period | 9904 | -€48,847 | -€57,385 | -€8,538 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,847 | -€57,385 | -€8,538 | -17.5% |
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.