KRECO SORTING AND REFINING: 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.
KRECO SORTING AND REFINING
Largest movements
- Tangible fixed assets -€305,703
down €305,703 (-9.5%), from €3.2m to €2.9m
of which Assets under construction and advance payments: -€449,236
- Debts after one year -€272,641
down €272,641 (-14.6%), from €1.9m to €1.6m
- Trade debts -€116,986
down €116,986 (-41.6%), from €281,524 to €164,538
- Profit (loss) carried forward +€92,509
up €92,509 (+10.4%), from €892,767 to €985,276
- Tax, wage and social debts +€82,337
up €82,337 (+76.3%), from €107,945 to €190,282
of which Taxes: +€41,548
- Other debts -€74,316
down €74,316 (-47.5%), from €156,459 to €82,144
- Gross operating margin +€323,879
up €323,879 (+36.7%), from €881,484 to €1.2m
- Staff costs +€207,546
up €207,546 (+88.4%), from €234,848 to €442,394
- Depreciation +€119,790
up €119,790 (+24.1%), from €497,734 to €617,524
- Taxes +€14,851
up €14,851 (+126.9%), from €11,699 to €26,549
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.
Cash bridge derived
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 | €3,584,862 | €3,324,436 | -€260,427 | -7.3% |
| Fixed assets | 21/28 | €3,211,969 | €2,906,266 | -€305,703 | -9.5% |
| Tangible fixed assets | 22/27 | €3,211,366 | €2,905,663 | -€305,703 | -9.5% |
| Plant, machinery and equipment | 23 | €2,028,459 | €2,179,071 | +€150,612 | +7.4% |
| Furniture and vehicles | 24 | €26,618 | €36,193 | +€9,574 | +36.0% |
| Leasing and similar rights | 25 | €19,455 | €14,565 | -€4,891 | -25.1% |
| Other tangible fixed assets | 26 | €687,598 | €675,835 | -€11,762 | -1.7% |
| Assets under construction and advance payments | 27 | €449,236 | €0 | -€449,236 | -100.0% |
| Financial fixed assets | 28 | €603 | €603 | = | 0.0% |
| Current assets | 29/58 | €372,893 | €418,169 | +€45,276 | +12.1% |
| Amounts receivable within one year | 40/41 | €300,448 | €328,839 | +€28,391 | +9.4% |
| Trade receivables | 40 | €42,187 | €147,734 | +€105,547 | +250.2% |
| Other amounts receivable | 41 | €258,261 | €181,105 | -€77,156 | -29.9% |
| Cash at bank and in hand | 54/58 | €42,907 | €77,461 | +€34,554 | +80.5% |
| Deferred charges and accrued income | 490/1 | €29,539 | €11,870 | -€17,669 | -59.8% |
| Total equity and liabilities | 10/49 | €3,584,862 | €3,324,436 | -€260,427 | -7.3% |
| Equity | 10/15 | €897,767 | €990,276 | +€92,509 | +10.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €892,767 | €985,276 | +€92,509 | +10.4% |
| Amounts payable | 17/49 | €2,687,095 | €2,334,160 | -€352,936 | -13.1% |
| Amounts payable after more than one year | 17 | €1,872,195 | €1,599,555 | -€272,641 | -14.6% |
| Financial debts | 170/4 | €1,872,195 | €1,599,555 | -€272,641 | -14.6% |
| Amounts payable within one year | 42/48 | €814,900 | €734,605 | -€80,295 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €268,971 | €272,641 | +€3,669 | +1.4% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €281,524 | €164,538 | -€116,986 | -41.6% |
| Suppliers | 440/4 | €281,524 | €164,538 | -€116,986 | -41.6% |
| Taxes, remuneration and social security | 45 | €107,945 | €190,282 | +€82,337 | +76.3% |
| Taxes | 450/3 | €74,903 | €116,451 | +€41,548 | +55.5% |
| Remuneration and social security | 454/9 | €33,042 | €73,831 | +€40,789 | +123.4% |
| Other amounts payable | 47/48 | €156,459 | €82,144 | -€74,316 | -47.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €234,848 | €442,394 | +€207,546 | +88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497,734 | €617,524 | +€119,790 | +24.1% |
| Other operating charges | 640/8 | €1,843 | €1,413 | -€429 | -23.3% |
| Non-recurring operating charges | 66A | - | €851 | +€851 | |
| Gross operating margin | 9900 | €881,484 | €1,205,362 | +€323,879 | +36.7% |
| Operating profit (loss) | 9901 | €147,060 | €143,181 | -€3,879 | -2.6% |
| Financial income | 75/76B | €8,037 | €7,582 | -€456 | -5.7% |
| Recurring financial income | 75 | €8,037 | €7,582 | -€456 | -5.7% |
| Financial charges | 65/66B | €38,385 | €31,704 | -€6,681 | -17.4% |
| Recurring financial charges | 65 | €38,385 | €31,704 | -€6,681 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €116,712 | €119,058 | +€2,346 | +2.0% |
| Income taxes | 67/77 | €11,699 | €26,549 | +€14,851 | +126.9% |
| Profit (loss) for the period | 9904 | €105,013 | €92,509 | -€12,504 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,013 | €92,509 | -€12,504 | -11.9% |
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 10 October 2026 via checked.be.