PTA 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.
PTA Recycling
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+2,376%), from €63,600 to €1.6m
of which Other amounts receivable: +€1.5m
- Tangible fixed assets -€163,094
down €163,094 (-8.4%), from €1.9m to €1.8m
- Debts after one year +€1.2m
up €1.2m (+72.8%), from €1.6m to €2.8m
of which Financial debts: +€2.8m
- Short-term financial debts +€235,540
up €235,540 (+113,039%), from €208 to €235,748
- Trade debts -€51,965
down €51,965 (-98.0%), from €53,022 to €1,057
- Gross operating margin +€77,364
up €77,364 (+39.7%), from €195,097 to €272,462
- Depreciation +€56,301
up €56,301 (+52.7%), from €106,794 to €163,094
- Financial charges +€21,891
up €21,891 (+42.3%), from €51,697 to €73,588
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 | €1,999,322 | €3,347,741 | +€1.3m | +67.4% |
| Fixed assets | 21/28 | €1,935,722 | €1,772,628 | -€163,094 | -8.4% |
| Tangible fixed assets | 22/27 | €1,935,722 | €1,772,628 | -€163,094 | -8.4% |
| Land and buildings | 22 | €1,935,722 | €1,772,628 | -€163,094 | -8.4% |
| Current assets | 29/58 | €63,600 | €1,575,113 | +€1.5m | +2,377% |
| Amounts receivable within one year | 40/41 | €63,600 | €1,574,863 | +€1.5m | +2,376% |
| Trade receivables | 40 | €63,600 | €70,122 | +€6,522 | +10.3% |
| Other amounts receivable | 41 | - | €1,504,741 | +€1.5m | |
| Cash at bank and in hand | 54/58 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €1,999,322 | €3,347,741 | +€1.3m | +67.4% |
| Equity | 10/15 | €336,769 | €345,223 | +€8,454 | +2.5% |
| Contributions | 10/11 | €164,178 | €164,178 | = | 0.0% |
| Capital | 10 | €164,178 | €164,178 | = | 0.0% |
| Issued capital | 100 | €164,178 | €164,178 | = | 0.0% |
| Reserves | 13 | €172,591 | €181,045 | +€8,454 | +4.9% |
| Non-distributable reserves | 130/1 | €16,418 | €16,418 | = | 0.0% |
| Legal reserve | 130 | €16,418 | €16,418 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,493 | €1,493 | = | 0.0% |
| Distributable reserves | 133 | €154,681 | €163,134 | +€8,454 | +5.5% |
| Amounts payable | 17/49 | €1,662,553 | €3,002,518 | +€1.3m | +80.6% |
| Amounts payable after more than one year | 17 | €1,600,000 | €2,764,460 | +€1.2m | +72.8% |
| Financial debts | 170/4 | - | €2,764,460 | +€2.8m | |
| Other amounts payable | 178/9 | €1,600,000 | - | -€1.6m | |
| Amounts payable within one year | 42/48 | €62,334 | €238,057 | +€175,724 | +282% |
| Financial debts | 43 | €208 | €235,748 | +€235,540 | +113,039% |
| Credit institutions | 430/8 | €208 | €235,748 | +€235,540 | +113,039% |
| Trade debts | 44 | €53,022 | €1,057 | -€51,965 | -98.0% |
| Suppliers | 440/4 | €53,022 | €1,057 | -€51,965 | -98.0% |
| Taxes, remuneration and social security | 45 | €9,103 | €1,252 | -€7,851 | -86.2% |
| Taxes | 450/3 | €9,103 | €1,252 | -€7,851 | -86.2% |
| Accrued charges and deferred income | 492/3 | €219 | - | -€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,794 | €163,094 | +€56,301 | +52.7% |
| Other operating charges | 640/8 | €27,839 | €28,671 | +€832 | +3.0% |
| Gross operating margin | 9900 | €195,097 | €272,462 | +€77,364 | +39.7% |
| Operating profit (loss) | 9901 | €60,465 | €80,696 | +€20,231 | +33.5% |
| Financial income | 75/76B | €4,933 | €4,166 | -€767 | -15.5% |
| Recurring financial income | 75 | €4,933 | €4,166 | -€767 | -15.5% |
| Financial charges | 65/66B | €51,697 | €73,588 | +€21,891 | +42.3% |
| Recurring financial charges | 65 | €51,697 | €73,588 | +€21,891 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €13,701 | €11,274 | -€2,426 | -17.7% |
| Income taxes | 67/77 | €931 | €2,821 | +€1,889 | +203% |
| Profit (loss) for the period | 9904 | €12,769 | €8,454 | -€4,316 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,769 | €8,454 | -€4,316 | -33.8% |
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 19 October 2026 via checked.be.