GODRIE RECYCLING: what changed
GODRIE RECYCLING
Largest movements
- Receivables within one year -€25,156
down €25,156 (-15.7%), from €159,750 to €134,594
of which Trade receivables: -€40,516
- Tangible fixed assets -€16,054
down €16,054 (-20.2%), from €79,336 to €63,282
of which Land and buildings: -€15,633
- Current portion of long-term debt -€33,978
down €33,978 (-91.0%), from €37,353 to €3,375
- Reserves +€18,895
up €18,895 (+16.5%), from €114,754 to €133,650
- Profit (loss) carried forward -€16,026
down €16,026 (-84.8%), from €18,895 to €2,869
- Trade debts -€5,538
down €5,538 (-16.7%), from €33,144 to €27,606
- Tax, wage and social debts -€4,328
down €4,328 (-31.1%), from €13,899 to €9,571
- Gross operating margin -€30,353
down €30,353 (-52.8%), from €57,443 to €27,089
- Taxes -€7,857
down €7,857 (-89.1%), from €8,813 to €956
- Financial charges -€1,053
down €1,053 (-44.2%), from €2,383 to €1,330
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 | €240,326 | €199,391 | -€40,935 | -17.0% |
| Fixed assets | 21/28 | €79,898 | €63,844 | -€16,054 | -20.1% |
| Tangible fixed assets | 22/27 | €79,336 | €63,282 | -€16,054 | -20.2% |
| Land and buildings | 22 | €78,914 | €63,282 | -€15,633 | -19.8% |
| Plant, machinery and equipment | 23 | €421 | - | -€421 | |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €160,428 | €135,546 | -€24,881 | -15.5% |
| Amounts receivable within one year | 40/41 | €159,750 | €134,594 | -€25,156 | -15.7% |
| Trade receivables | 40 | €159,750 | €119,234 | -€40,516 | -25.4% |
| Other amounts receivable | 41 | - | €15,360 | +€15,360 | |
| Cash at bank and in hand | 54/58 | €678 | €952 | +€275 | +40.5% |
| Total equity and liabilities | 10/49 | €240,326 | €199,391 | -€40,935 | -17.0% |
| Equity | 10/15 | €152,250 | €155,119 | +€2,869 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,754 | €133,650 | +€18,895 | +16.5% |
| Distributable reserves | 133 | €114,754 | €133,650 | +€18,895 | +16.5% |
| Profit (loss) carried forward | 14 | €18,895 | €2,869 | -€16,026 | -84.8% |
| Amounts payable | 17/49 | €88,076 | €44,272 | -€43,804 | -49.7% |
| Amounts payable within one year | 42/48 | €87,226 | €43,373 | -€43,853 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €37,353 | €3,375 | -€33,978 | -91.0% |
| Financial debts | 43 | €1,690 | €1,682 | -€8 | -0.5% |
| Credit institutions | 430/8 | €1,690 | €1,682 | -€8 | -0.5% |
| Trade debts | 44 | €33,144 | €27,606 | -€5,538 | -16.7% |
| Suppliers | 440/4 | €33,144 | €27,606 | -€5,538 | -16.7% |
| Taxes, remuneration and social security | 45 | €13,899 | €9,571 | -€4,328 | -31.1% |
| Taxes | 450/3 | €13,899 | €9,571 | -€4,328 | -31.1% |
| Other amounts payable | 47/48 | €1,140 | €1,140 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €850 | €899 | +€49 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,586 | €16,054 | -€532 | -3.2% |
| Other operating charges | 640/8 | €5,766 | €5,880 | +€115 | +2.0% |
| Gross operating margin | 9900 | €57,443 | €27,089 | -€30,353 | -52.8% |
| Operating profit (loss) | 9901 | €35,091 | €5,155 | -€29,936 | -85.3% |
| Financial charges | 65/66B | €2,383 | €1,330 | -€1,053 | -44.2% |
| Recurring financial charges | 65 | €2,383 | €1,330 | -€1,053 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €32,708 | €3,826 | -€28,883 | -88.3% |
| Income taxes | 67/77 | €8,813 | €956 | -€7,857 | -89.1% |
| Profit (loss) for the period | 9904 | €23,895 | €2,869 | -€21,026 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,895 | €2,869 | -€21,026 | -88.0% |
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 3 November 2026 via checked.be.