DM 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.
DM RECYCLING
Largest movements
- Tangible fixed assets -€108,880
down €108,880 (-42.0%), from €259,096 to €150,216
- Cash +€82,668
up €82,668 (+80.1%), from €103,214 to €185,882
mainly Other debts (+€200,236) and Depreciation (+€92,917)
- Receivables within one year +€45,155
up €45,155 (+25.7%), from €175,751 to €220,906
of which Other amounts receivable: +€50,482
- Other debts +€200,236
up €200,236 (+2,819%), from €7,104 to €207,339
- Reserves -€200,000
down €200,000 (-90.9%), from €220,000 to €20,000
of which Distributable reserves: -€200,000
- Profit (loss) carried forward +€55,889
up €55,889 (+48.7%), from €114,741 to €170,630
- Debts after one year -€33,783
down €33,783 (-90.7%), from €37,263 to €3,480
- Tax, wage and social debts +€26,651
up €26,651 (+97.3%), from €27,385 to €54,036
of which Taxes: +€34,273
- Staff costs -€73,209
down €73,209 (-37.0%), from €197,607 to €124,399
- Gross operating margin -€56,861
down €56,861 (-15.0%), from €378,937 to €322,076
- Depreciation -€12,475
down €12,475 (-11.8%), from €105,392 to €92,917
- Taxes +€6,783
up €6,783 (+57.1%), from €11,884 to €18,667
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 | €551,727 | €566,955 | +€15,227 | +2.8% |
| Fixed assets | 21/28 | €262,166 | €153,421 | -€108,745 | -41.5% |
| Tangible fixed assets | 22/27 | €259,096 | €150,216 | -€108,880 | -42.0% |
| Land and buildings | 22 | €44,841 | €42,266 | -€2,575 | -5.7% |
| Plant, machinery and equipment | 23 | €38,644 | €5,358 | -€33,287 | -86.1% |
| Furniture and vehicles | 24 | €70,494 | €41,420 | -€29,074 | -41.2% |
| Leasing and similar rights | 25 | €105,117 | €61,173 | -€43,944 | -41.8% |
| Financial fixed assets | 28 | €3,070 | €3,205 | +€135 | +4.4% |
| Current assets | 29/58 | €289,561 | €413,533 | +€123,972 | +42.8% |
| Amounts receivable within one year | 40/41 | €175,751 | €220,906 | +€45,155 | +25.7% |
| Trade receivables | 40 | €147,540 | €142,213 | -€5,327 | -3.6% |
| Other amounts receivable | 41 | €28,211 | €78,693 | +€50,482 | +179% |
| Cash at bank and in hand | 54/58 | €103,214 | €185,882 | +€82,668 | +80.1% |
| Deferred charges and accrued income | 490/1 | €10,595 | €6,745 | -€3,851 | -36.3% |
| Total equity and liabilities | 10/49 | €551,727 | €566,955 | +€15,227 | +2.8% |
| Equity | 10/15 | €340,941 | €196,830 | -€144,111 | -42.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €220,000 | €20,000 | -€200,000 | -90.9% |
| 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 | €218,140 | €18,140 | -€200,000 | -91.7% |
| Profit (loss) carried forward | 14 | €114,741 | €170,630 | +€55,889 | +48.7% |
| Amounts payable | 17/49 | €210,786 | €370,124 | +€159,338 | +75.6% |
| Amounts payable after more than one year | 17 | €37,263 | €3,480 | -€33,783 | -90.7% |
| Financial debts | 170/4 | €37,263 | €3,480 | -€33,783 | -90.7% |
| Amounts payable within one year | 42/48 | €173,524 | €366,644 | +€193,121 | +111% |
| Current portion of amounts payable after more than one year | 42 | €52,835 | €33,783 | -€19,052 | -36.1% |
| Trade debts | 44 | €86,200 | €71,486 | -€14,714 | -17.1% |
| Suppliers | 440/4 | €86,200 | €71,486 | -€14,714 | -17.1% |
| Taxes, remuneration and social security | 45 | €27,385 | €54,036 | +€26,651 | +97.3% |
| Taxes | 450/3 | €4,571 | €38,844 | +€34,273 | +750% |
| Remuneration and social security | 454/9 | €22,814 | €15,193 | -€7,621 | -33.4% |
| Other amounts payable | 47/48 | €7,104 | €207,339 | +€200,236 | +2,819% |
| Remuneration, social security and pensions | 62 | €197,607 | €124,399 | -€73,209 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,392 | €92,917 | -€12,475 | -11.8% |
| Other operating charges | 640/8 | €26,978 | €26,405 | -€572 | -2.1% |
| Non-recurring operating charges | 66A | €368 | €2,575 | +€2,207 | +599% |
| Gross operating margin | 9900 | €378,937 | €322,076 | -€56,861 | -15.0% |
| Operating profit (loss) | 9901 | €48,592 | €75,780 | +€27,188 | +56.0% |
| Financial charges | 65/66B | €1,856 | €1,223 | -€633 | -34.1% |
| Recurring financial charges | 65 | €1,856 | €1,223 | -€633 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €46,735 | €74,557 | +€27,821 | +59.5% |
| Income taxes | 67/77 | €11,884 | €18,667 | +€6,783 | +57.1% |
| Profit (loss) for the period | 9904 | €34,851 | €55,889 | +€21,038 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,851 | €55,889 | +€21,038 | +60.4% |
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 24 October 2026 via checked.be.