GM Recycling: what changed
What changed
GM Recycling
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€236,795
2024 · €188,981+€47,814
Equity
€2.6m
2024 · €2.3m+€236,795
Cash
€1.0m
2024 · €240,467+€777,646
Balance sheet total
€7.0m
2024 · €8.1m-€1.0m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-50.2%), from €2.7m to €1.4m
of which Trade receivables: -€1.4m
- Cash +€777,646
up €777,646 (+323%), from €240,467 to €1.0m
mainly Receivables within one year (+€1.4m) and Depreciation (+€379,878)
- Tangible fixed assets -€352,010
down €352,010 (-22.1%), from €1.6m to €1.2m
of which Leasing and similar rights: -€411,877
- Stocks and contracts -€125,930
down €125,930 (-4.6%), from €2.7m to €2.6m
of which Contracts in progress: -€175,000
Equity and liabilities
- Other debts -€381,678
down €381,678 (-51.0%), from €747,968 to €366,290
- Debts after one year -€310,147
down €310,147 (-30.9%), from €1.0m to €692,876
- Advances received -€280,530
down €280,530 (-27.9%), from €1.0m to €726,500
- Reserves +€236,795
up €236,795 (+10.3%), from €2.3m to €2.5m
of which Distributable reserves: +€237,753
- Trade debts -€194,688
down €194,688 (-9.7%), from €2.0m to €1.8m
Income statement
- Turnover -€4.0m
down €4.0m (-22.7%), from €17.5m to €13.5m
- Goods and materials -€3.7m
down €3.7m (-24.9%), from €14.9m to €11.2m
of which Purchases: -€3.1m
- Services and other goods -€506,207
down €506,207 (-33.5%), from €1.5m to €1.0m
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.
Result 2024
€188,981
Turnover
-€4.0m
Other operating income
+€8,928
Goods and materials
+€3.7m
Services and other goods
+€506,207
Staff costs
+€52,036
Depreciation
-€9,817
Write-downs
+€13,836
Other operating charges
+€5,453
Other operating items
-€257,621
Financial income
+€10,380
Financial charges
+€1,487
Taxes
-€15,099
Result 2025
€236,795
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€19,993
Financing
-€477,929
Cash 2024
€240,467
From operations (derived)
+€1.3m
Net result for the year
+€236,795
Depreciation
+€379,878
Smaller working-capital items
-€1,004
Stocks and contracts
+€125,930
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€39,330
Trade debts
-€194,688
Tax, wage and social debts
+€51,286
Advances received
-€280,530
Other debts
-€381,678
Accrued charges and deferred income
+€7,406
Investment (derived)
-€19,993
Investment in fixed assets (net)
-€19,993
Financing
-€477,929
Debts after one year
-€310,147
Current portion of long-term debt
-€67,782
Short-term financial debts
-€100,000
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,083,463 | €7,043,631 | -€1.0m | -12.9% |
| Fixed assets | 21/28 | €1,630,414 | €1,270,528 | -€359,885 | -22.1% |
| Intangible fixed assets | 21 | €35,618 | €27,743 | -€7,875 | -22.1% |
| Tangible fixed assets | 22/27 | €1,594,078 | €1,242,068 | -€352,010 | -22.1% |
| Land and buildings | 22 | €84,433 | €69,038 | -€15,395 | -18.2% |
| Plant, machinery and equipment | 23 | €140,341 | €114,850 | -€25,490 | -18.2% |
| Furniture and vehicles | 24 | €74,928 | €185,702 | +€110,775 | +148% |
| Leasing and similar rights | 25 | €1,283,059 | €871,182 | -€411,877 | -32.1% |
| Other tangible fixed assets | 26 | €11,317 | €1,295 | -€10,023 | -88.6% |
| Financial fixed assets | 28 | €718 | €718 | = | 0.0% |
| Other financial fixed assets | 284/8 | €718 | €718 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €718 | €718 | = | 0.0% |
| Current assets | 29/58 | €6,453,049 | €5,773,103 | -€679,947 | -10.5% |
| Amounts receivable after more than one year | 29 | €730,516 | €731,026 | +€510 | +0.1% |
| Other amounts receivable | 291 | €730,516 | €731,026 | +€510 | +0.1% |
| Stocks and contracts in progress | 3 | €2,715,617 | €2,589,687 | -€125,930 | -4.6% |
| Stocks | 30/36 | €2,540,617 | €2,589,687 | +€49,070 | +1.9% |
| Goods purchased for resale | 34 | €1,721,381 | €2,568,698 | +€847,317 | +49.2% |
| Advance payments | 36 | €819,236 | €20,990 | -€798,247 | -97.4% |
| Contracts in progress | 37 | €175,000 | - | -€175,000 | |
| Amounts receivable within one year | 40/41 | €2,730,734 | €1,359,230 | -€1.4m | -50.2% |
| Trade receivables | 40 | €2,357,504 | €984,021 | -€1.4m | -58.3% |
| Other amounts receivable | 41 | €373,230 | €375,209 | +€1,978 | +0.5% |
| Cash at bank and in hand | 54/58 | €240,467 | €1,018,114 | +€777,646 | +323% |
| Deferred charges and accrued income | 490/1 | €35,715 | €75,045 | +€39,330 | +110% |
| Total equity and liabilities | 10/49 | €8,083,463 | €7,043,631 | -€1.0m | -12.9% |
| Equity | 10/15 | €2,320,747 | €2,557,542 | +€236,795 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,299,850 | €2,536,645 | +€236,795 | +10.3% |
| Tax-exempt reserves | 132 | €2,875 | €1,917 | -€958 | -33.3% |
| Distributable reserves | 133 | €2,296,975 | €2,534,728 | +€237,753 | +10.4% |
| Profit (loss) carried forward | 14 | €2,297 | €2,297 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,481 | €987 | -€493 | -33.3% |
| Deferred taxes | 168 | €1,481 | €987 | -€493 | -33.3% |
| Amounts payable | 17/49 | €5,761,235 | €4,485,101 | -€1.3m | -22.2% |
| Amounts payable after more than one year | 17 | €1,003,022 | €692,876 | -€310,147 | -30.9% |
| Financial debts | 170/4 | €1,003,022 | €692,876 | -€310,147 | -30.9% |
| Leasing and similar obligations | 172 | €957,228 | €627,649 | -€329,579 | -34.4% |
| Credit institutions | 173 | €45,795 | €65,227 | +€19,432 | +42.4% |
| Amounts payable within one year | 42/48 | €4,757,766 | €3,784,373 | -€973,393 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €371,638 | €303,855 | -€67,782 | -18.2% |
| Financial debts | 43 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Credit institutions | 430/8 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Trade debts | 44 | €2,005,771 | €1,811,083 | -€194,688 | -9.7% |
| Suppliers | 440/4 | €2,005,771 | €1,811,083 | -€194,688 | -9.7% |
| Advances received on contracts in progress | 46 | €1,007,030 | €726,500 | -€280,530 | -27.9% |
| Taxes, remuneration and social security | 45 | €225,359 | €276,645 | +€51,286 | +22.8% |
| Taxes | 450/3 | €160,452 | €202,175 | +€41,723 | +26.0% |
| Remuneration and social security | 454/9 | €64,907 | €74,470 | +€9,562 | +14.7% |
| Other amounts payable | 47/48 | €747,968 | €366,290 | -€381,678 | -51.0% |
| Accrued charges and deferred income | 492/3 | €447 | €7,853 | +€7,406 | +1,658% |
| Operating income | 70/76A | €17,729,559 | €13,495,751 | -€4.2m | -23.9% |
| Turnover | 70 | €17,535,325 | €13,546,080 | -€4.0m | -22.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €175,000 | -€175,000 | -€350,000 | |
| Other operating income | 74 | €10,356 | €19,284 | +€8,928 | +86.2% |
| Non-recurring operating income | 76A | €8,877 | €105,387 | +€96,509 | +1,087% |
| Operating charges | 60/66A | €17,443,225 | €13,158,371 | -€4.3m | -24.6% |
| Goods for resale, raw materials and consumables | 60 | €14,926,343 | €11,205,073 | -€3.7m | -24.9% |
| Purchases | 600/8 | €14,392,721 | €11,304,356 | -€3.1m | -21.5% |
| Change in stocks: decrease (increase) | 609 | €533,622 | -€99,283 | -€632,905 | |
| Services and other goods | 61 | €1,512,085 | €1,005,878 | -€506,207 | -33.5% |
| Remuneration, social security and pensions | 62 | €558,085 | €506,050 | -€52,036 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,061 | €379,878 | +€9,817 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,048 | €50,212 | -€13,836 | -21.6% |
| Other operating charges | 640/8 | €12,450 | €6,997 | -€5,453 | -43.8% |
| Non-recurring operating charges | 66A | €151 | €4,282 | +€4,130 | +2,731% |
| Operating profit (loss) | 9901 | €286,334 | €337,380 | +€51,046 | +17.8% |
| Financial income | 75/76B | €78,305 | €88,685 | +€10,380 | +13.3% |
| Recurring financial income | 75 | €78,305 | €88,685 | +€10,380 | +13.3% |
| Income from current assets | 751 | €33,574 | €20,642 | -€12,933 | -38.5% |
| Other financial income | 752/9 | €44,731 | €68,043 | +€23,313 | +52.1% |
| Financial charges | 65/66B | €102,952 | €101,465 | -€1,487 | -1.4% |
| Recurring financial charges | 65 | €102,952 | €101,465 | -€1,487 | -1.4% |
| Debt charges | 650 | €60,047 | €76,350 | +€16,304 | +27.2% |
| Other financial charges | 652/9 | €42,905 | €25,115 | -€17,790 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €261,687 | €324,600 | +€62,912 | +24.0% |
| Transfer from deferred taxes | 780 | €493 | €493 | = | 0.0% |
| Income taxes | 67/77 | €73,200 | €88,298 | +€15,099 | +20.6% |
| Taxes | 670/3 | €73,200 | €88,298 | +€15,099 | +20.6% |
| Profit (loss) for the period | 9904 | €188,981 | €236,795 | +€47,814 | +25.3% |
| Transfer from tax-exempt reserves | 789 | €958 | €958 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €189,939 | €237,753 | +€47,814 | +25.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.