FRECAR 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.
FRECAR RECYCLING
Largest movements
- Receivables within one year +€254,288
up €254,288 (+28.1%), from €905,547 to €1.2m
of which Trade receivables: +€254,455
- Cash +€237,381
up €237,381 (+189%), from €125,681 to €363,062
mainly Net result for the year (+€480,239) and Depreciation (+€401,153)
- Tangible fixed assets +€103,589
up €103,589 (+7.9%), from €1.3m to €1.4m
- Deferred charges and accrued income +€48,046
up €48,046 (+68.1%), from €70,585 to €118,631
- Reserves +€468,406
up €468,406 (+521%), from €89,961 to €558,367
- Debts after one year +€179,815
up €179,815 (+46.6%), from €385,712 to €565,528
- Current portion of long-term debt -€69,513
down €69,513 (-9.1%), from €764,047 to €694,534
- Trade debts +€56,288
up €56,288 (+21.1%), from €267,230 to €323,518
- Gross operating margin +€600,875
up €600,875 (+76.5%), from €785,480 to €1.4m
- Taxes +€148,152
up €148,152, from -€15,324 to €132,829
- Depreciation +€143,724
up €143,724 (+55.8%), from €257,429 to €401,153
- Staff costs -€96,443
down €96,443 (-27.8%), from €346,952 to €250,509
- Other operating charges +€62,342
up €62,342 (+285%), from €21,862 to €84,204
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 | €2,444,866 | €3,088,170 | +€643,304 | +26.3% |
| Fixed assets | 21/28 | €1,337,053 | €1,440,642 | +€103,589 | +7.7% |
| Tangible fixed assets | 22/27 | €1,311,313 | €1,414,902 | +€103,589 | +7.9% |
| Land and buildings | 22 | €181,546 | €181,546 | = | 0.0% |
| Plant, machinery and equipment | 23 | €54,111 | €76,176 | +€22,065 | +40.8% |
| Furniture and vehicles | 24 | €9,626 | €19,771 | +€10,145 | +105% |
| Leasing and similar rights | 25 | €1,016,271 | €1,048,480 | +€32,209 | +3.2% |
| Other tangible fixed assets | 26 | €49,758 | €88,929 | +€39,171 | +78.7% |
| Financial fixed assets | 28 | €25,740 | €25,740 | = | 0.0% |
| Current assets | 29/58 | €1,107,813 | €1,647,528 | +€539,715 | +48.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €905,547 | €1,159,835 | +€254,288 | +28.1% |
| Trade receivables | 40 | €782,301 | €1,036,756 | +€254,455 | +32.5% |
| Other amounts receivable | 41 | €123,246 | €123,079 | -€167 | -0.1% |
| Cash at bank and in hand | 54/58 | €125,681 | €363,062 | +€237,381 | +189% |
| Deferred charges and accrued income | 490/1 | €70,585 | €118,631 | +€48,046 | +68.1% |
| Total equity and liabilities | 10/49 | €2,444,866 | €3,088,170 | +€643,304 | +26.3% |
| Equity | 10/15 | €480,674 | €960,913 | +€480,239 | +99.9% |
| Contributions | 10/11 | €221,000 | €221,000 | = | 0.0% |
| Revaluation surpluses | 12 | €181,546 | €181,546 | = | 0.0% |
| Reserves | 13 | €89,961 | €558,367 | +€468,406 | +521% |
| Distributable reserves | 133 | €89,961 | €558,367 | +€468,406 | +521% |
| Profit (loss) carried forward | 14 | -€11,833 | - | +€11,833 | |
| Amounts payable | 17/49 | €1,964,192 | €2,127,257 | +€163,065 | +8.3% |
| Amounts payable after more than one year | 17 | €385,712 | €565,528 | +€179,815 | +46.6% |
| Financial debts | 170/4 | €385,712 | €565,528 | +€179,815 | +46.6% |
| Amounts payable within one year | 42/48 | €1,578,479 | €1,561,729 | -€16,750 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €764,047 | €694,534 | -€69,513 | -9.1% |
| Trade debts | 44 | €267,230 | €323,518 | +€56,288 | +21.1% |
| Suppliers | 440/4 | €267,230 | €323,518 | +€56,288 | +21.1% |
| Taxes, remuneration and social security | 45 | €74,146 | €80,792 | +€6,646 | +9.0% |
| Taxes | 450/3 | €52,627 | €44,850 | -€7,777 | -14.8% |
| Remuneration and social security | 454/9 | €21,519 | €35,942 | +€14,423 | +67.0% |
| Other amounts payable | 47/48 | €473,056 | €462,885 | -€10,172 | -2.2% |
| Remuneration, social security and pensions | 62 | €346,952 | €250,509 | -€96,443 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,429 | €401,153 | +€143,724 | +55.8% |
| Other operating charges | 640/8 | €21,862 | €84,204 | +€62,342 | +285% |
| Gross operating margin | 9900 | €785,480 | €1,386,356 | +€600,875 | +76.5% |
| Operating profit (loss) | 9901 | €159,238 | €650,490 | +€491,253 | +309% |
| Financial income | 75/76B | €4,167 | €29,297 | +€25,129 | +603% |
| Recurring financial income | 75 | €4,167 | €29,297 | +€25,129 | +603% |
| Financial charges | 65/66B | €55,009 | €66,719 | +€11,711 | +21.3% |
| Recurring financial charges | 65 | €55,009 | €66,719 | +€11,711 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €108,396 | €613,068 | +€504,671 | +466% |
| Income taxes | 67/77 | -€15,324 | €132,829 | +€148,152 | |
| Profit (loss) for the period | 9904 | €123,720 | €480,239 | +€356,519 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €123,720 | €480,239 | +€356,519 | +288% |
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 31 October 2026 via checked.be.