ESB 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.
ESB RECYCLING
Largest movements
- Receivables within one year -€41,166
down €41,166 (-25.7%), from €160,453 to €119,288
of which Trade receivables: -€30,000
- Cash -€14,009
down €14,009 (-58.5%), from €23,962 to €9,953
mainly Trade debts (-€28,736) and Tax, wage and social debts (-€15,689)
- Trade debts -€28,736
down €28,736 (-88.8%), from €32,366 to €3,630
- Tax, wage and social debts -€15,689
down €15,689 (-92.7%), from €16,929 to €1,240
- Other debts -€5,432
no longer reported in 2025 (was €5,432)
- Profit (loss) carried forward -€4,673
down €4,673 (-7.7%), from €60,998 to €56,324
- Gross operating margin -€17,898
down €17,898, from €8,324 to -€9,574
- Taxes -€1,240
no longer reported in 2025 (was €1,240)
- Financial income -€938
down €938 (-12.5%), from €7,502 to €6,564
- Depreciation -€265
down €265 (-16.8%), from €1,583 to €1,317
- Financial charges -€254
down €254 (-53.8%), from €473 to €219
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 | €186,646 | €131,589 | -€55,057 | -29.5% |
| Fixed assets | 21/28 | €1,622 | €1,205 | -€417 | -25.7% |
| Intangible fixed assets | 21 | €507 | €79 | -€428 | -84.5% |
| Tangible fixed assets | 22/27 | €1,115 | €1,126 | +€11 | +1.0% |
| Furniture and vehicles | 24 | €1,115 | €1,126 | +€11 | +1.0% |
| Current assets | 29/58 | €185,024 | €130,385 | -€54,640 | -29.5% |
| Amounts receivable within one year | 40/41 | €160,453 | €119,288 | -€41,166 | -25.7% |
| Trade receivables | 40 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 41 | €130,453 | €119,288 | -€11,166 | -8.6% |
| Cash at bank and in hand | 54/58 | €23,962 | €9,953 | -€14,009 | -58.5% |
| Deferred charges and accrued income | 490/1 | €609 | €1,144 | +€535 | +87.9% |
| Total equity and liabilities | 10/49 | €186,646 | €131,589 | -€55,057 | -29.5% |
| Equity | 10/15 | €121,792 | €117,119 | -€4,673 | -3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,594 | €54,594 | = | 0.0% |
| 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 | €52,734 | €52,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,998 | €56,324 | -€4,673 | -7.7% |
| Amounts payable | 17/49 | €64,854 | €14,470 | -€50,384 | -77.7% |
| Amounts payable within one year | 42/48 | €64,328 | €14,470 | -€49,857 | -77.5% |
| Trade debts | 44 | €32,366 | €3,630 | -€28,736 | -88.8% |
| Suppliers | 440/4 | €32,366 | €3,630 | -€28,736 | -88.8% |
| Advances received on contracts in progress | 46 | €9,600 | €9,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,929 | €1,240 | -€15,689 | -92.7% |
| Taxes | 450/3 | €16,929 | €1,240 | -€15,689 | -92.7% |
| Other amounts payable | 47/48 | €5,432 | - | -€5,432 | |
| Accrued charges and deferred income | 492/3 | €527 | - | -€527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €1,317 | -€265 | -16.8% |
| Other operating charges | 640/8 | €128 | €128 | = | 0.0% |
| Gross operating margin | 9900 | €8,324 | -€9,574 | -€17,898 | |
| Operating profit (loss) | 9901 | €6,614 | -€11,019 | -€17,633 | |
| Financial income | 75/76B | €7,502 | €6,564 | -€938 | -12.5% |
| Recurring financial income | 75 | €7,502 | €6,564 | -€938 | -12.5% |
| Financial charges | 65/66B | €473 | €219 | -€254 | -53.8% |
| Recurring financial charges | 65 | €473 | €219 | -€254 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €13,643 | -€4,673 | -€18,316 | |
| Income taxes | 67/77 | €1,240 | - | -€1,240 | |
| Profit (loss) for the period | 9904 | €12,403 | -€4,673 | -€17,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,403 | -€4,673 | -€17,076 |
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.