F.T.L. RECYCLE: 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.
F.T.L. RECYCLE
Largest movements
- Tangible fixed assets -€75,854
down €75,854 (-20.4%), from €371,834 to €295,981
of which Plant, machinery and equipment: -€72,854
- Cash +€32,723
up €32,723 (+23.4%), from €139,811 to €172,534
mainly Depreciation (+€75,854)
- Other debts -€35,000
down €35,000 (-7.4%), from €474,043 to €439,043
- Gross operating margin +€6,527
up €6,527 (+9.7%), from €67,628 to €74,155
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 | €550,320 | €509,021 | -€41,300 | -7.5% |
| Fixed assets | 21/28 | €371,834 | €295,981 | -€75,854 | -20.4% |
| Tangible fixed assets | 22/27 | €371,834 | €295,981 | -€75,854 | -20.4% |
| Plant, machinery and equipment | 23 | €367,334 | €294,481 | -€72,854 | -19.8% |
| Furniture and vehicles | 24 | €4,500 | €1,500 | -€3,000 | -66.7% |
| Current assets | 29/58 | €178,486 | €213,040 | +€34,554 | +19.4% |
| Amounts receivable within one year | 40/41 | €38,300 | €40,131 | +€1,831 | +4.8% |
| Trade receivables | 40 | €38,173 | €38,833 | +€660 | +1.7% |
| Other amounts receivable | 41 | €127 | €1,298 | +€1,171 | +922% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €139,811 | €172,534 | +€32,723 | +23.4% |
| Deferred charges and accrued income | 490/1 | €375 | €375 | = | 0.0% |
| Total equity and liabilities | 10/49 | €550,320 | €509,021 | -€41,300 | -7.5% |
| Equity | 10/15 | €75,277 | €69,978 | -€5,300 | -7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,882 | €66,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €64,882 | €64,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,604 | -€16,904 | -€5,300 | -45.7% |
| Amounts payable | 17/49 | €475,043 | €439,043 | -€36,000 | -7.6% |
| Amounts payable within one year | 42/48 | €475,043 | €439,043 | -€36,000 | -7.6% |
| Trade debts | 44 | €1,000 | €0 | -€1,000 | -100% |
| Suppliers | 440/4 | €1,000 | €0 | -€1,000 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €474,043 | €439,043 | -€35,000 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,854 | €75,854 | = | 0.0% |
| Other operating charges | 640/8 | €3,790 | €4,161 | +€370 | +9.8% |
| Gross operating margin | 9900 | €67,628 | €74,155 | +€6,527 | +9.7% |
| Operating profit (loss) | 9901 | -€12,016 | -€5,859 | +€6,156 | +51.2% |
| Financial income | 75/76B | €999 | €1,000 | +€2 | +0.2% |
| Recurring financial income | 75 | €999 | €1,000 | +€2 | +0.2% |
| Financial charges | 65/66B | €587 | €441 | -€146 | -24.9% |
| Recurring financial charges | 65 | €587 | €441 | -€146 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,604 | -€5,300 | +€6,305 | +54.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,604 | -€5,300 | +€6,305 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,604 | -€5,300 | +€6,305 | +54.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.