BSC RECYCLING: 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.
BSC RECYCLING
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+200%), from €680,436 to €2.0m
of which Land and buildings: +€1.3m
- Cash +€29,044
up €29,044 (+2,130%), from €1,364 to €30,408
mainly Debts after one year (+€1.2m) and Trade debts (+€142,795)
- Debts after one year +€1.2m
up €1.2m (+147%), from €781,771 to €1.9m
of which Financial debts: +€1.2m
- Trade debts +€142,795
up €142,795 (+3,576%), from €3,993 to €146,788
- Current portion of long-term debt +€93,381
new in 2025: €93,381
- Profit (loss) carried forward -€79,257
down €79,257 (-42.1%), from -€188,370 to -€267,627
- Other debts +€76,683
up €76,683 (+144%), from €53,119 to €129,802
- Depreciation +€21,336
up €21,336 (+3,183%), from €670 to €22,006
- Financial charges +€20,654
up €20,654 (+98.7%), from €20,934 to €41,588
- Gross operating margin +€8,258
up €8,258 (+35.3%), from -€23,392 to -€15,135
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 | €683,727 | €2,074,855 | +€1.4m | +203% |
| Fixed assets | 21/28 | €680,436 | €2,038,954 | +€1.4m | +200% |
| Tangible fixed assets | 22/27 | €680,436 | €2,038,954 | +€1.4m | +200% |
| Land and buildings | 22 | €680,436 | €1,999,237 | +€1.3m | +194% |
| Plant, machinery and equipment | 23 | - | €39,717 | +€39,717 | |
| Current assets | 29/58 | €3,291 | €35,901 | +€32,610 | +991% |
| Amounts receivable within one year | 40/41 | €1,927 | €1,518 | -€409 | -21.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,927 | €1,518 | -€409 | -21.2% |
| Cash at bank and in hand | 54/58 | €1,364 | €30,408 | +€29,044 | +2,130% |
| Deferred charges and accrued income | 490/1 | - | €3,975 | +€3,975 | |
| Total equity and liabilities | 10/49 | €683,727 | €2,074,855 | +€1.4m | +203% |
| Equity | 10/15 | -€158,370 | -€237,627 | -€79,257 | -50.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,370 | -€267,627 | -€79,257 | -42.1% |
| Amounts payable | 17/49 | €842,096 | €2,312,481 | +€1.5m | +175% |
| Amounts payable after more than one year | 17 | €781,771 | €1,934,800 | +€1.2m | +147% |
| Financial debts | 170/4 | €731,771 | €1,884,800 | +€1.2m | +158% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,112 | €369,971 | +€312,859 | +548% |
| Current portion of amounts payable after more than one year | 42 | - | €93,381 | +€93,381 | |
| Trade debts | 44 | €3,993 | €146,788 | +€142,795 | +3,576% |
| Suppliers | 440/4 | €3,993 | €146,788 | +€142,795 | +3,576% |
| Other amounts payable | 47/48 | €53,119 | €129,802 | +€76,683 | +144% |
| Accrued charges and deferred income | 492/3 | €3,213 | €7,710 | +€4,496 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €22,006 | +€21,336 | +3,183% |
| Other operating charges | 640/8 | €677 | €745 | +€68 | +10.1% |
| Gross operating margin | 9900 | -€23,392 | -€15,135 | +€8,258 | +35.3% |
| Operating profit (loss) | 9901 | -€24,740 | -€37,886 | -€13,146 | -53.1% |
| Financial income | 75/76B | €0 | €218 | +€218 | |
| Recurring financial income | 75 | €0 | €218 | +€218 | |
| Financial charges | 65/66B | €20,934 | €41,588 | +€20,654 | +98.7% |
| Recurring financial charges | 65 | €20,934 | €41,588 | +€20,654 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,674 | -€79,257 | -€33,583 | -73.5% |
| Profit (loss) for the period | 9904 | -€45,674 | -€79,257 | -€33,583 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,674 | -€79,257 | -€33,583 | -73.5% |
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 23 October 2026 via checked.be.