EK RECYCLING: what changed
EK RECYCLING
Largest movements
- Receivables within one year +€178,683
up €178,683 (+56.9%), from €313,847 to €492,531
of which Trade receivables: +€150,383
- Tangible fixed assets +€9,866
up €9,866 (+67.3%), from €14,670 to €24,536
- Intangible fixed assets +€9,471
up €9,471 (+7.8%), from €121,482 to €130,953
- Trade debts +€249,419
up €249,419 (+78.4%), from €318,104 to €567,523
- Reserves -€44,989
down €44,989 (-16.9%), from €266,452 to €221,463
- Tax, wage and social debts -€16,110
down €16,110 (-32.1%), from €50,167 to €34,057
of which Remuneration and social security: -€9,230
- Gross operating margin -€20,260
down €20,260 (-7.3%), from €278,005 to €257,745
- Depreciation +€19,560
up €19,560 (+137%), from €14,229 to €33,789
- Staff costs -€14,656
down €14,656 (-5.2%), from €281,132 to €266,477
- Financial income -€3,915
down €3,915 (-80.7%), from €4,854 to €939
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €653,322 | €850,060 | +€196,737 | +30.1% |
| Fixed assets | 21/28 | €136,152 | €155,489 | +€19,337 | +14.2% |
| Intangible fixed assets | 21 | €121,482 | €130,953 | +€9,471 | +7.8% |
| Tangible fixed assets | 22/27 | €14,670 | €24,536 | +€9,866 | +67.3% |
| Furniture and vehicles | 24 | €14,670 | €24,536 | +€9,866 | +67.3% |
| Current assets | 29/58 | €517,170 | €694,571 | +€177,400 | +34.3% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €313,847 | €492,531 | +€178,683 | +56.9% |
| Trade receivables | 40 | €278,957 | €429,340 | +€150,383 | +53.9% |
| Other amounts receivable | 41 | €34,890 | €63,190 | +€28,300 | +81.1% |
| Cash at bank and in hand | 54/58 | €198,275 | €197,482 | -€793 | -0.4% |
| Deferred charges and accrued income | 490/1 | €3,048 | €2,558 | -€490 | -16.1% |
| Total equity and liabilities | 10/49 | €653,322 | €850,060 | +€196,737 | +30.1% |
| Equity | 10/15 | €285,052 | €240,063 | -€44,989 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,452 | €221,463 | -€44,989 | -16.9% |
| Distributable reserves | 133 | €266,452 | €221,463 | -€44,989 | -16.9% |
| Amounts payable | 17/49 | €368,271 | €609,997 | +€241,726 | +65.6% |
| Amounts payable within one year | 42/48 | €368,271 | €609,997 | +€241,726 | +65.6% |
| Financial debts | 43 | - | €8,417 | +€8,417 | |
| Credit institutions | 430/8 | - | €8,417 | +€8,417 | |
| Trade debts | 44 | €318,104 | €567,523 | +€249,419 | +78.4% |
| Suppliers | 440/4 | €318,104 | €567,523 | +€249,419 | +78.4% |
| Taxes, remuneration and social security | 45 | €50,167 | €34,057 | -€16,110 | -32.1% |
| Taxes | 450/3 | €18,576 | €11,696 | -€6,880 | -37.0% |
| Remuneration and social security | 454/9 | €31,591 | €22,361 | -€9,230 | -29.2% |
| Remuneration, social security and pensions | 62 | €281,132 | €266,477 | -€14,656 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,229 | €33,789 | +€19,560 | +137% |
| Other operating charges | 640/8 | €1,579 | €2,788 | +€1,209 | +76.6% |
| Gross operating margin | 9900 | €278,005 | €257,745 | -€20,260 | -7.3% |
| Operating profit (loss) | 9901 | -€18,935 | -€45,309 | -€26,373 | -139% |
| Financial income | 75/76B | €4,854 | €939 | -€3,915 | -80.7% |
| Recurring financial income | 75 | €4,854 | €939 | -€3,915 | -80.7% |
| Financial charges | 65/66B | €963 | €517 | -€446 | -46.3% |
| Recurring financial charges | 65 | €963 | €517 | -€446 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,045 | -€44,886 | -€29,842 | -198% |
| Income taxes | 67/77 | €107 | €102 | -€5 | -4.9% |
| Profit (loss) for the period | 9904 | -€15,152 | -€44,989 | -€29,837 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,152 | -€44,989 | -€29,837 | -197% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.