OR 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.
OR RECYCLING
Largest movements
- Tangible fixed assets -€13,707
down €13,707 (-17.9%), from €76,405 to €62,698
of which Land and buildings: -€13,409
- Profit (loss) carried forward -€14,460
down €14,460 (-863%), from -€1,675 to -€16,135
- Short-term financial debts +€3,166
up €3,166 (+2,802%), from €113 to €3,279
- Other debts -€2,349
down €2,349 (-4.2%), from €56,408 to €54,059
- Gross operating margin -€313
down €313 (-62.7%), from €499 to €186
- Other operating charges -€163
no longer reported in 2025 (was €163)
- Financial charges -€163
down €163 (-14.8%), from €1,102 to €939
- Depreciation -€26
down €26 (-0.2%), from €13,733 to €13,707
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 | €76,755 | €62,875 | -€13,880 | -18.1% |
| Fixed assets | 21/28 | €76,405 | €62,698 | -€13,707 | -17.9% |
| Tangible fixed assets | 22/27 | €76,405 | €62,698 | -€13,707 | -17.9% |
| Land and buildings | 22 | €75,722 | €62,313 | -€13,409 | -17.7% |
| Furniture and vehicles | 24 | €683 | €385 | -€298 | -43.6% |
| Current assets | 29/58 | €350 | €177 | -€173 | -49.4% |
| Amounts receivable within one year | 40/41 | €318 | €176 | -€142 | -44.7% |
| Trade receivables | 40 | €318 | €176 | -€142 | -44.7% |
| Cash at bank and in hand | 54/58 | €32 | €1 | -€31 | -96.9% |
| Total equity and liabilities | 10/49 | €76,755 | €62,875 | -€13,880 | -18.1% |
| Equity | 10/15 | €18,785 | €4,325 | -€14,460 | -77.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,675 | -€16,135 | -€14,460 | -863% |
| Amounts payable | 17/49 | €57,970 | €58,550 | +€580 | +1.0% |
| Amounts payable within one year | 42/48 | €57,970 | €58,550 | +€580 | +1.0% |
| Financial debts | 43 | €113 | €3,279 | +€3,166 | +2,802% |
| Credit institutions | 430/8 | €113 | €3,279 | +€3,166 | +2,802% |
| Trade debts | 44 | €790 | €987 | +€197 | +24.9% |
| Suppliers | 440/4 | €790 | €987 | +€197 | +24.9% |
| Taxes, remuneration and social security | 45 | €659 | €225 | -€434 | -65.9% |
| Taxes | 450/3 | €659 | €225 | -€434 | -65.9% |
| Other amounts payable | 47/48 | €56,408 | €54,059 | -€2,349 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,733 | €13,707 | -€26 | -0.2% |
| Other operating charges | 640/8 | €163 | - | -€163 | |
| Gross operating margin | 9900 | €499 | €186 | -€313 | -62.7% |
| Operating profit (loss) | 9901 | -€13,397 | -€13,521 | -€124 | -0.9% |
| Financial charges | 65/66B | €1,102 | €939 | -€163 | -14.8% |
| Recurring financial charges | 65 | €1,102 | €939 | -€163 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,499 | -€14,460 | +€39 | +0.3% |
| Profit (loss) for the period | 9904 | -€14,499 | -€14,460 | +€39 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,499 | -€14,460 | +€39 | +0.3% |
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 18 October 2026 via checked.be.