JC 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.
JC RECYCLING
Largest movements
- Financial fixed assets +€6.1m
up €6.1m (+217%), from €2.8m to €8.9m
- Current investments +€1.7m
new in 2025: €1.7m
- Cash -€1.7m
down €1.7m (-82.1%), from €2.1m to €369,489
mainly Investment in fixed assets (net) (-€6.4m) and Current investments (-€1.7m)
- Receivables after one year +€846,656
up €846,656 (+18.2%), from €4.6m to €5.5m
- Tangible fixed assets +€254,459
up €254,459 (+7,141%), from €3,564 to €258,022
of which Leasing and similar rights: +€255,812
- Short-term financial debts +€5.0m
up €5.0m (+3,343%), from €151,038 to €5.2m
- Reserves +€1.9m
up €1.9m (+20.7%), from €9.3m to €11.3m
of which Distributable reserves: +€1.9m
- Other debts +€475,537
up €475,537 (+26,326%), from €1,806 to €477,343
- Debts after one year -€458,254
down €458,254 (-25.5%), from €1.8m to €1.3m
- Financial income +€250,222
up €250,222 (+273%), from €91,732 to €341,954
- Taxes +€96,174
up €96,174 (+16.1%), from €598,231 to €694,405
- Financial charges +€65,953
up €65,953 (+145%), from €45,485 to €111,438
- Gross operating margin -€54,193
down €54,193 (-2.1%), from €2.6m to €2.5m
- Depreciation +€36,396
up €36,396 (+946%), from €3,849 to €40,245
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 | €12,121,767 | €19,293,158 | +€7.2m | +59.2% |
| Fixed assets | 21/28 | €2,812,939 | €9,170,195 | +€6.4m | +226% |
| Tangible fixed assets | 22/27 | €3,564 | €258,022 | +€254,459 | +7,141% |
| Furniture and vehicles | 24 | €1,354 | €0 | -€1,354 | -100% |
| Leasing and similar rights | 25 | - | €255,812 | +€255,812 | |
| Assets under construction and advance payments | 27 | €2,210 | €2,210 | = | 0.0% |
| Financial fixed assets | 28 | €2,809,375 | €8,912,173 | +€6.1m | +217% |
| Current assets | 29/58 | €9,308,828 | €10,122,963 | +€814,135 | +8.7% |
| Amounts receivable after more than one year | 29 | €4,648,783 | €5,495,439 | +€846,656 | +18.2% |
| Other amounts receivable | 291 | €4,648,783 | €5,495,439 | +€846,656 | +18.2% |
| Amounts receivable within one year | 40/41 | €2,585,134 | €2,543,198 | -€41,936 | -1.6% |
| Trade receivables | 40 | €2,375,626 | €2,341,908 | -€33,718 | -1.4% |
| Other amounts receivable | 41 | €209,508 | €201,290 | -€8,218 | -3.9% |
| Current investments | 50/53 | - | €1,700,000 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €2,065,129 | €369,489 | -€1.7m | -82.1% |
| Deferred charges and accrued income | 490/1 | €9,782 | €14,837 | +€5,055 | +51.7% |
| Total equity and liabilities | 10/49 | €12,121,767 | €19,293,158 | +€7.2m | +59.2% |
| Equity | 10/15 | €9,350,216 | €11,287,143 | +€1.9m | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,344,016 | €11,280,943 | +€1.9m | +20.7% |
| Tax-exempt reserves | 132 | €842,000 | €842,000 | = | 0.0% |
| Distributable reserves | 133 | €8,502,016 | €10,438,943 | +€1.9m | +22.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,771,551 | €8,006,015 | +€5.2m | +189% |
| Amounts payable after more than one year | 17 | €1,799,055 | €1,340,801 | -€458,254 | -25.5% |
| Financial debts | 170/4 | €1,799,055 | €1,340,801 | -€458,254 | -25.5% |
| Amounts payable within one year | 42/48 | €972,496 | €6,665,214 | +€5.7m | +585% |
| Current portion of amounts payable after more than one year | 42 | €772,766 | €832,203 | +€59,437 | +7.7% |
| Financial debts | 43 | €151,038 | €5,200,000 | +€5.0m | +3,343% |
| Credit institutions | 430/8 | €151,038 | €5,200,000 | +€5.0m | +3,343% |
| Trade debts | 44 | €9,715 | €57,573 | +€47,859 | +493% |
| Suppliers | 440/4 | €9,715 | €57,573 | +€47,859 | +493% |
| Taxes, remuneration and social security | 45 | €37,170 | €98,095 | +€60,925 | +164% |
| Taxes | 450/3 | €37,170 | €98,095 | +€60,925 | +164% |
| Other amounts payable | 47/48 | €1,806 | €477,343 | +€475,537 | +26,326% |
| Non-recurring operating income | 76A | - | €43,995 | +€43,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,849 | €40,245 | +€36,396 | +946% |
| Other operating charges | 640/8 | €5,188 | €25,032 | +€19,844 | +382% |
| Gross operating margin | 9900 | €2,590,286 | €2,536,093 | -€54,193 | -2.1% |
| Operating profit (loss) | 9901 | €2,581,249 | €2,470,816 | -€110,433 | -4.3% |
| Financial income | 75/76B | €91,732 | €341,954 | +€250,222 | +273% |
| Recurring financial income | 75 | €91,732 | €341,954 | +€250,222 | +273% |
| Financial charges | 65/66B | €45,485 | €111,438 | +€65,953 | +145% |
| Recurring financial charges | 65 | €45,485 | €111,438 | +€65,953 | +145% |
| Profit (loss) for the period before taxes | 9903 | €2,627,497 | €2,701,333 | +€73,836 | +2.8% |
| Income taxes | 67/77 | €598,231 | €694,405 | +€96,174 | +16.1% |
| Profit (loss) for the period | 9904 | €2,029,265 | €2,006,927 | -€22,338 | -1.1% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €0 | -€842,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,187,265 | €2,006,927 | +€819,662 | +69.0% |
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 23 October 2026 via checked.be.