RECITECH: 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.
What changed
RECITECH
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,651
2024 · €50,543-€56,194
Equity
€4.3m
2024 · €4.3m-€5,651
Cash
-
not filed
Balance sheet total
€4.7m
2024 · €4.7m-€11,150
Largest movements
Assets
- Tangible fixed assets +€65,804
up €65,804 (+28.4%), from €232,066 to €297,870
of which Plant, machinery and equipment: +€68,961
Equity and liabilities
- Trade debts -€114,653
down €114,653 (-36.5%), from €314,361 to €199,708
- Debts after one year +€101,962
new in 2025: €101,962
of which Trade debts: +€67,612
Income statement
- Turnover -€152,492
down €152,492 (-9.2%), from €1.7m to €1.5m
- Services and other goods +€56,828
up €56,828 (+6.6%), from €861,159 to €917,986
- Staff costs -€23,744
down €23,744 (-4.6%), from €519,895 to €496,151
- Depreciation +€18,472
up €18,472 (+32.8%), from €56,250 to €74,722
- Goods and materials -€18,172
down €18,172 (-11.7%), from €155,001 to €136,829
of which Purchases: -€61,193
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.
Result 2024
€50,543
Turnover
-€152,492
Other operating income
+€500
Goods and materials
+€18,172
Services and other goods
-€56,828
Staff costs
+€23,744
Depreciation
-€18,472
Other operating charges
+€2,930
Other operating items
+€133,718
Financial income
+€896
Financial charges
-€1
Taxes
-€8,359
Result 2025
-€5,651
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,737,071 | €4,725,921 | -€11,150 | -0.2% |
| Fixed assets | 21/28 | €232,066 | €297,870 | +€65,804 | +28.4% |
| Tangible fixed assets | 22/27 | €232,066 | €297,870 | +€65,804 | +28.4% |
| Land and buildings | 22 | €24,785 | €21,849 | -€2,937 | -11.8% |
| Plant, machinery and equipment | 23 | €207,060 | €276,021 | +€68,961 | +33.3% |
| Furniture and vehicles | 24 | €220 | €0 | -€220 | -100.0% |
| Current assets | 29/58 | €4,505,005 | €4,428,051 | -€76,954 | -1.7% |
| Stocks and contracts in progress | 3 | €41,922 | €16,411 | -€25,512 | -60.9% |
| Stocks | 30/36 | €41,922 | €16,411 | -€25,512 | -60.9% |
| Raw materials and consumables | 30/31 | €41,922 | €16,411 | -€25,512 | -60.9% |
| Amounts receivable within one year | 40/41 | €4,452,402 | €4,405,355 | -€47,047 | -1.1% |
| Trade receivables | 40 | €155,611 | €153,982 | -€1,630 | -1.0% |
| Other amounts receivable | 41 | €4,296,791 | €4,251,374 | -€45,417 | -1.1% |
| Deferred charges and accrued income | 490/1 | €10,681 | €6,285 | -€4,396 | -41.2% |
| Total equity and liabilities | 10/49 | €4,737,071 | €4,725,921 | -€11,150 | -0.2% |
| Equity | 10/15 | €4,349,330 | €4,343,679 | -€5,651 | -0.1% |
| Contributions | 10/11 | €1,290,000 | €1,290,000 | = | 0.0% |
| Capital | 10 | €1,290,000 | €1,290,000 | = | 0.0% |
| Issued capital | 100 | €1,290,000 | €1,290,000 | = | 0.0% |
| Reserves | 13 | €129,000 | €129,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €129,000 | €129,000 | = | 0.0% |
| Legal reserve | 130 | €129,000 | €129,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,930,330 | €2,924,679 | -€5,651 | -0.2% |
| Amounts payable | 17/49 | €387,741 | €382,242 | -€5,499 | -1.4% |
| Amounts payable after more than one year | 17 | - | €101,962 | +€101,962 | |
| Trade debts | 175 | - | €67,612 | +€67,612 | |
| Suppliers | 1750 | - | €67,612 | +€67,612 | |
| Other amounts payable | 178/9 | - | €34,350 | +€34,350 | |
| Amounts payable within one year | 42/48 | €386,089 | €277,308 | -€108,781 | -28.2% |
| Trade debts | 44 | €314,361 | €199,708 | -€114,653 | -36.5% |
| Suppliers | 440/4 | €314,361 | €199,708 | -€114,653 | -36.5% |
| Taxes, remuneration and social security | 45 | €71,728 | €77,600 | +€5,872 | +8.2% |
| Taxes | 450/3 | €13,967 | €1,542 | -€12,426 | -89.0% |
| Remuneration and social security | 454/9 | €57,761 | €76,059 | +€18,298 | +31.7% |
| Accrued charges and deferred income | 492/3 | €1,652 | €2,972 | +€1,320 | +79.9% |
| Operating income | 70/76A | €1,659,652 | €1,641,377 | -€18,274 | -1.1% |
| Turnover | 70 | €1,659,652 | €1,507,160 | -€152,492 | -9.2% |
| Other operating income | 74 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €133,718 | +€133,718 | |
| Operating charges | 60/66A | €1,625,597 | €1,656,051 | +€30,455 | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €155,001 | €136,829 | -€18,172 | -11.7% |
| Purchases | 600/8 | €172,510 | €111,317 | -€61,193 | -35.5% |
| Change in stocks: decrease (increase) | 609 | -€17,509 | €25,512 | +€43,021 | |
| Services and other goods | 61 | €861,159 | €917,986 | +€56,828 | +6.6% |
| Remuneration, social security and pensions | 62 | €519,895 | €496,151 | -€23,744 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,250 | €74,722 | +€18,472 | +32.8% |
| Other operating charges | 640/8 | €33,292 | €30,363 | -€2,930 | -8.8% |
| Operating profit (loss) | 9901 | €34,055 | -€14,674 | -€48,729 | |
| Financial income | 75/76B | €20,464 | €21,360 | +€896 | +4.4% |
| Recurring financial income | 75 | €20,464 | €21,360 | +€896 | +4.4% |
| Income from current assets | 751 | €20,464 | €21,360 | +€896 | +4.4% |
| Financial charges | 65/66B | €476 | €478 | +€1 | +0.3% |
| Recurring financial charges | 65 | €476 | €478 | +€1 | +0.3% |
| Other financial charges | 652/9 | €476 | €478 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €54,043 | €6,208 | -€47,835 | -88.5% |
| Income taxes | 67/77 | €3,500 | €11,859 | +€8,359 | +239% |
| Taxes | 670/3 | €3,500 | €11,859 | +€8,359 | +239% |
| Profit (loss) for the period | 9904 | €50,543 | -€5,651 | -€56,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,543 | -€5,651 | -€56,194 |
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.