DC 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.
What changed
DC Recycling
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5.6m
2024 · €716,364-€6.3m
Equity
-€3.2m
2024 · €2.4m-€5.6m
Cash
€5,813
2024 · €17,625-€11,812
Balance sheet total
€1.9m
2024 · €8.1m-€6.2m
Largest movements
Assets
- Receivables within one year -€6.8m
down €6.8m (-92.8%), from €7.3m to €525,456
of which Other amounts receivable: -€5.6m
- Tangible fixed assets +€586,741
up €586,741 (+110%), from €535,808 to €1.1m
of which Plant, machinery and equipment: +€623,534
Equity and liabilities
- Profit (loss) carried forward -€5.6m
new in 2025: -€5.6m
- Trade debts -€590,509
down €590,509 (-18.0%), from €3.3m to €2.7m
- Accrued charges and deferred income -€470,922
down €470,922 (-31.0%), from €1.5m to €1.0m
- Debts after one year +€443,250
up €443,250 (+107%), from €414,375 to €857,625
Income statement
- Financial charges +€6.7m
up €6.7m (+15,429%), from €43,174 to €6.7m
of which Financial charges: +€6.0m
- Turnover -€307,011
down €307,011 (-4.0%), from €7.7m to €7.4m
- Taxes -€255,100
down €255,100 (-100.0%), from €255,207 to €107
of which Taxes: -€255,076
- Goods and materials -€242,122
down €242,122 (-8.9%), from €2.7m to €2.5m
of which Purchases: -€188,544
- Services and other goods -€183,302
down €183,302 (-4.8%), from €3.8m to €3.6m
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.
Result 2024
€716,364
Turnover
-€307,011
Other operating income
+€3,844
Goods and materials
+€242,122
Services and other goods
+€183,302
Staff costs
-€54,567
Depreciation
-€30,164
Other operating charges
+€15,003
Financial income
+€19,062
Financial charges
-€6.7m
Taxes
+€255,100
Result 2025
-€5.6m
raises the resultlowers the result
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.
From operations
+€256,583
Investment
-€717,667
Financing
+€449,272
Cash 2024
€17,625
From operations (derived)
+€256,583
Net result for the year
-€5.6m
Depreciation
+€140,081
Smaller working-capital items
-€7,269
Receivables within one year
+€6.8m
Trade debts
-€590,509
Accrued charges and deferred income
-€470,922
Investment (derived)
-€717,667
Investment in fixed assets (net)
-€717,667
Financing
+€449,272
Debts after one year
+€443,250
Current portion of long-term debt
+€63,000
Short-term financial debts
-€56,978
Cash 2025
€5,813
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,091,420 | €1,866,479 | -€6.2m | -76.9% |
| Fixed assets | 21/28 | €557,985 | €1,135,571 | +€577,586 | +104% |
| Intangible fixed assets | 21 | €22,157 | €13,022 | -€9,136 | -41.2% |
| Tangible fixed assets | 22/27 | €535,808 | €1,122,549 | +€586,741 | +110% |
| Land and buildings | 22 | €470,771 | €421,760 | -€49,011 | -10.4% |
| Plant, machinery and equipment | 23 | €60,288 | €683,822 | +€623,534 | +1,034% |
| Furniture and vehicles | 24 | €4,749 | €16,968 | +€12,218 | +257% |
| Financial fixed assets | 28 | €20 | €0 | -€20 | -100% |
| Other financial fixed assets | 284/8 | €20 | €0 | -€20 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €20 | €0 | -€20 | -100% |
| Current assets | 29/58 | €7,533,435 | €730,908 | -€6.8m | -90.3% |
| Stocks and contracts in progress | 3 | €79,370 | €96,095 | +€16,725 | +21.1% |
| Stocks | 30/36 | €79,370 | €96,095 | +€16,725 | +21.1% |
| Raw materials and consumables | 30/31 | €79,370 | €96,095 | +€16,725 | +21.1% |
| Amounts receivable within one year | 40/41 | €7,329,155 | €525,456 | -€6.8m | -92.8% |
| Trade receivables | 40 | €1,731,945 | €525,456 | -€1.2m | -69.7% |
| Other amounts receivable | 41 | €5,597,210 | €0 | -€5.6m | -100% |
| Cash at bank and in hand | 54/58 | €17,625 | €5,813 | -€11,812 | -67.0% |
| Deferred charges and accrued income | 490/1 | €107,285 | €103,544 | -€3,741 | -3.5% |
| Total equity and liabilities | 10/49 | €8,091,420 | €1,866,479 | -€6.2m | -76.9% |
| Equity | 10/15 | €2,386,818 | -€3,231,679 | -€5.6m | |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €2,312,450 | €2,312,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €2,305,013 | €2,305,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,618,497 | -€5.6m | |
| Amounts payable | 17/49 | €5,704,602 | €5,098,158 | -€606,444 | -10.6% |
| Amounts payable after more than one year | 17 | €414,375 | €857,625 | +€443,250 | +107% |
| Financial debts | 170/4 | €414,375 | €857,625 | +€443,250 | +107% |
| Credit institutions | 173 | €414,375 | €857,625 | +€443,250 | +107% |
| Amounts payable within one year | 42/48 | €3,769,830 | €3,191,059 | -€578,772 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €97,500 | €160,500 | +€63,000 | +64.6% |
| Financial debts | 43 | €259,635 | €202,657 | -€56,978 | -21.9% |
| Credit institutions | 430/8 | €259,635 | €202,657 | -€56,978 | -21.9% |
| Trade debts | 44 | €3,272,964 | €2,682,454 | -€590,509 | -18.0% |
| Suppliers | 440/4 | €3,272,964 | €2,682,454 | -€590,509 | -18.0% |
| Taxes, remuneration and social security | 45 | €139,732 | €145,447 | +€5,715 | +4.1% |
| Taxes | 450/3 | €107,899 | €108,088 | +€188 | +0.2% |
| Remuneration and social security | 454/9 | €31,833 | €37,360 | +€5,527 | +17.4% |
| Accrued charges and deferred income | 492/3 | €1,520,397 | €1,049,475 | -€470,922 | -31.0% |
| Operating income | 70/76A | €7,704,616 | €7,401,449 | -€303,167 | -3.9% |
| Turnover | 70 | €7,702,706 | €7,395,695 | -€307,011 | -4.0% |
| Other operating income | 74 | €1,910 | €5,754 | +€3,844 | +201% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €6,916,165 | €6,560,467 | -€355,697 | -5.1% |
| Goods for resale, raw materials and consumables | 60 | €2,708,328 | €2,466,206 | -€242,122 | -8.9% |
| Purchases | 600/8 | €2,671,474 | €2,482,931 | -€188,544 | -7.1% |
| Change in stocks: decrease (increase) | 609 | €36,854 | -€16,725 | -€53,579 | |
| Services and other goods | 61 | €3,809,989 | €3,626,686 | -€183,302 | -4.8% |
| Remuneration, social security and pensions | 62 | €249,092 | €303,658 | +€54,567 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,918 | €140,081 | +€30,164 | +27.4% |
| Other operating charges | 640/8 | €38,839 | €23,835 | -€15,003 | -38.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €788,451 | €840,982 | +€52,531 | +6.7% |
| Financial income | 75/76B | €226,294 | €245,355 | +€19,062 | +8.4% |
| Recurring financial income | 75 | €226,294 | €245,355 | +€19,062 | +8.4% |
| Income from current assets | 751 | €208,546 | €237,489 | +€28,943 | +13.9% |
| Other financial income | 752/9 | €17,748 | €7,866 | -€9,882 | -55.7% |
| Financial charges | 65/66B | €43,174 | €6,704,728 | +€6.7m | +15,429% |
| Recurring financial charges | 65 | €43,174 | €6,062,028 | +€6.0m | +13,941% |
| Debt charges | 650 | €20,345 | €38,599 | +€18,254 | +89.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €6,004,294 | +€6.0m | |
| Other financial charges | 652/9 | €22,829 | €19,135 | -€3,694 | -16.2% |
| Non-recurring financial charges | 66B | - | €642,699 | +€642,699 | |
| Profit (loss) for the period before taxes | 9903 | €971,571 | -€5,618,390 | -€6.6m | |
| Income taxes | 67/77 | €255,207 | €107 | -€255,100 | -100.0% |
| Taxes | 670/3 | €255,207 | €131 | -€255,076 | -99.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €716,364 | -€5,618,497 | -€6.3m | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €716,364 | -€5,618,497 | -€6.3m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.