MRS RECYCLING: what changed
What changed
MRS RECYCLING
NACE 38.330, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
-€209,841
2024 · €412,401-€622,242
Equity
€1.5m
2024 · €1.7m-€209,841
Cash
€62,627
2024 · €42,231+€20,396
Balance sheet total
€5.8m
2024 · €6.1m-€274,780
Largest movements
Assets
- Receivables within one year -€174,633
down €174,633 (-11.4%), from €1.5m to €1.4m
of which Trade receivables: -€177,210
- Tangible fixed assets -€124,647
down €124,647 (-2.8%), from €4.4m to €4.3m
of which Land and buildings: -€117,008
Equity and liabilities
- Debts after one year -€299,364
down €299,364 (-10.9%), from €2.8m to €2.5m
- Trade debts +€244,625
up €244,625 (+22.6%), from €1.1m to €1.3m
- Reserves -€209,841
down €209,841 (-30.9%), from €679,260 to €469,419
of which Distributable reserves: -€209,841
Income statement
- Gross operating margin -€712,498
down €712,498 (-49.1%), from €1.5m to €738,992
- Staff costs +€131,462
up €131,462 (+27.6%), from €476,993 to €608,455
- Taxes -€99,065
down €99,065 (-99.8%), from €99,272 to €207
- Depreciation -€22,878
down €22,878 (-9.0%), from €254,043 to €231,165
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
€412,401
Gross operating margin
-€712,498
Staff costs
-€131,462
Depreciation
+€22,878
Other operating charges
-€1,357
Other operating items
+€103,856
Financial income
+€102
Financial charges
-€2,827
Taxes
+€99,065
Result 2025
-€209,841
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
+€420,583
Investment
-€106,519
Financing
-€293,668
Cash 2024
€42,231
From operations (derived)
+€420,583
Net result for the year
-€209,841
Depreciation
+€231,165
Stocks and contracts
-€7,553
Receivables within one year
+€174,633
Deferred charges and accrued income
+€3,449
Trade debts
+€244,625
Tax, wage and social debts
-€366
Advances received
+€10,027
Accrued charges and deferred income
-€25,558
Investment (derived)
-€106,519
Investment in fixed assets (net)
-€106,519
Financing
-€293,668
Debts after one year
-€299,364
Current portion of long-term debt
+€5,696
Cash 2025
€62,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,059,301 | €5,784,521 | -€274,780 | -4.5% |
| Fixed assets | 21/28 | €4,418,707 | €4,294,060 | -€124,647 | -2.8% |
| Tangible fixed assets | 22/27 | €4,418,707 | €4,294,060 | -€124,647 | -2.8% |
| Land and buildings | 22 | €4,366,517 | €4,249,509 | -€117,008 | -2.7% |
| Plant, machinery and equipment | 23 | €51,593 | €44,551 | -€7,042 | -13.6% |
| Furniture and vehicles | 24 | €596 | - | -€596 | |
| Current assets | 29/58 | €1,640,594 | €1,490,461 | -€150,133 | -9.2% |
| Stocks and contracts in progress | 3 | €26,948 | €34,500 | +€7,553 | +28.0% |
| Stocks | 30/36 | €26,948 | €34,500 | +€7,553 | +28.0% |
| Amounts receivable within one year | 40/41 | €1,525,712 | €1,351,078 | -€174,633 | -11.4% |
| Trade receivables | 40 | €1,525,679 | €1,348,469 | -€177,210 | -11.6% |
| Other amounts receivable | 41 | €33 | €2,609 | +€2,576 | +7,881% |
| Cash at bank and in hand | 54/58 | €42,231 | €62,627 | +€20,396 | +48.3% |
| Deferred charges and accrued income | 490/1 | €45,704 | €42,255 | -€3,449 | -7.5% |
| Total equity and liabilities | 10/49 | €6,059,301 | €5,784,521 | -€274,780 | -4.5% |
| Equity | 10/15 | €1,669,260 | €1,459,419 | -€209,841 | -12.6% |
| Contributions | 10/11 | €990,000 | €990,000 | = | 0.0% |
| Capital | 10 | €990,000 | €990,000 | = | 0.0% |
| Issued capital | 100 | €990,000 | €990,000 | = | 0.0% |
| Reserves | 13 | €679,260 | €469,419 | -€209,841 | -30.9% |
| Non-distributable reserves | 130/1 | €43,000 | €43,000 | = | 0.0% |
| Legal reserve | 130 | €43,000 | €43,000 | = | 0.0% |
| Distributable reserves | 133 | €636,260 | €426,419 | -€209,841 | -33.0% |
| Amounts payable | 17/49 | €4,390,040 | €4,325,102 | -€64,938 | -1.5% |
| Amounts payable after more than one year | 17 | €2,751,415 | €2,452,050 | -€299,364 | -10.9% |
| Financial debts | 170/4 | €2,751,415 | €2,452,050 | -€299,364 | -10.9% |
| Amounts payable within one year | 42/48 | €1,577,203 | €1,837,187 | +€259,983 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €293,668 | €299,364 | +€5,696 | +1.9% |
| Trade debts | 44 | €1,081,525 | €1,326,150 | +€244,625 | +22.6% |
| Suppliers | 440/4 | €1,081,525 | €1,326,150 | +€244,625 | +22.6% |
| Advances received on contracts in progress | 46 | - | €10,027 | +€10,027 | |
| Taxes, remuneration and social security | 45 | €202,010 | €201,645 | -€366 | -0.2% |
| Taxes | 450/3 | €154,673 | €109,114 | -€45,559 | -29.5% |
| Remuneration and social security | 454/9 | €47,337 | €92,530 | +€45,193 | +95.5% |
| Accrued charges and deferred income | 492/3 | €61,423 | €35,865 | -€25,558 | -41.6% |
| Non-recurring operating income | 76A | €393,740 | - | -€393,740 | |
| Remuneration, social security and pensions | 62 | €476,993 | €608,455 | +€131,462 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,043 | €231,165 | -€22,878 | -9.0% |
| Other operating charges | 640/8 | €33,283 | €34,640 | +€1,357 | +4.1% |
| Non-recurring operating charges | 66A | €103,856 | - | -€103,856 | |
| Gross operating margin | 9900 | €1,451,490 | €738,992 | -€712,498 | -49.1% |
| Operating profit (loss) | 9901 | €583,315 | -€135,267 | -€718,582 | |
| Financial income | 75/76B | €12 | €115 | +€102 | +827% |
| Recurring financial income | 75 | €12 | €115 | +€102 | +827% |
| Financial charges | 65/66B | €71,654 | €74,481 | +€2,827 | +3.9% |
| Recurring financial charges | 65 | €71,654 | €74,481 | +€2,827 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €511,673 | -€209,634 | -€721,307 | |
| Income taxes | 67/77 | €99,272 | €207 | -€99,065 | -99.8% |
| Profit (loss) for the period | 9904 | €412,401 | -€209,841 | -€622,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €412,401 | -€209,841 | -€622,242 |
Next steps
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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.