RECUPLAST: 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.
RECUPLAST
Largest movements
- Tangible fixed assets +€683,943
up €683,943 (+220%), from €311,585 to €995,528
of which Land and buildings: +€677,161
- Cash -€561,086
down €561,086 (-89.4%), from €627,328 to €66,243
mainly Investment in fixed assets (net) (-€699,294) and Other debts (-€195,388)
- Financial fixed assets -€524,123
down €524,123 (-50.9%), from €1.0m to €505,965
- Intangible fixed assets +€435,643
new in 2025: €435,643
- Receivables within one year +€52,550
up €52,550 (+37.0%), from €142,218 to €194,768
of which Trade receivables: +€53,090
- Debts after one year +€276,136
new in 2025: €276,136
- Other debts -€195,388
down €195,388 (-73.4%), from €266,220 to €70,832
- Tax, wage and social debts -€41,987
down €41,987 (-27.7%), from €151,807 to €109,820
of which Taxes: -€45,823
- Profit (loss) carried forward +€26,199
up €26,199 (+2.6%), from €996,290 to €1.0m
- Reserves +€23,422
up €23,422 (+3.4%), from €689,979 to €713,401
of which Distributable reserves: +€22,354
- Gross operating margin -€88,339
down €88,339 (-15.3%), from €577,138 to €488,799
- Taxes -€78,571
down €78,571 (-51.3%), from €153,196 to €74,625
- Depreciation +€59,951
up €59,951 (+137%), from €43,880 to €103,831
- Staff costs +€24,160
up €24,160 (+32.9%), from €73,422 to €97,582
- Other operating charges +€17,187
up €17,187 (+172%), from €10,015 to €27,202
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 | €2,225,215 | €2,324,237 | +€99,021 | +4.4% |
| Fixed assets | 21/28 | €1,341,673 | €1,937,136 | +€595,463 | +44.4% |
| Intangible fixed assets | 21 | - | €435,643 | +€435,643 | |
| Tangible fixed assets | 22/27 | €311,585 | €995,528 | +€683,943 | +220% |
| Land and buildings | 22 | €282,316 | €959,477 | +€677,161 | +240% |
| Plant, machinery and equipment | 23 | €8,176 | €2,522 | -€5,655 | -69.2% |
| Furniture and vehicles | 24 | €21,092 | €33,529 | +€12,437 | +59.0% |
| Financial fixed assets | 28 | €1,030,088 | €505,965 | -€524,123 | -50.9% |
| Current assets | 29/58 | €883,542 | €387,100 | -€496,442 | -56.2% |
| Stocks and contracts in progress | 3 | €94,245 | €84,300 | -€9,945 | -10.6% |
| Stocks | 30/36 | €94,245 | €84,300 | -€9,945 | -10.6% |
| Amounts receivable within one year | 40/41 | €142,218 | €194,768 | +€52,550 | +37.0% |
| Trade receivables | 40 | €140,837 | €193,927 | +€53,090 | +37.7% |
| Other amounts receivable | 41 | €1,381 | €841 | -€540 | -39.1% |
| Cash at bank and in hand | 54/58 | €627,328 | €66,243 | -€561,086 | -89.4% |
| Deferred charges and accrued income | 490/1 | €19,751 | €41,790 | +€22,039 | +112% |
| Total equity and liabilities | 10/49 | €2,225,215 | €2,324,237 | +€99,021 | +4.4% |
| Equity | 10/15 | €1,725,707 | €1,776,304 | +€50,597 | +2.9% |
| Contributions | 10/11 | €18,600 | €21,327 | +€2,727 | +14.7% |
| Reserves | 13 | €689,979 | €713,401 | +€23,422 | +3.4% |
| Tax-exempt reserves | 132 | - | €1,068 | +€1,068 | |
| Distributable reserves | 133 | €689,979 | €712,333 | +€22,354 | +3.2% |
| Profit (loss) carried forward | 14 | €996,290 | €1,022,489 | +€26,199 | +2.6% |
| Investment grants | 15 | €20,839 | €19,087 | -€1,752 | -8.4% |
| Amounts payable | 17/49 | €499,508 | €547,932 | +€48,424 | +9.7% |
| Amounts payable after more than one year | 17 | - | €276,136 | +€276,136 | |
| Financial debts | 170/4 | - | €276,136 | +€276,136 | |
| Amounts payable within one year | 42/48 | €499,508 | €269,688 | -€229,820 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,038 | +€16,038 | |
| Trade debts | 44 | €81,481 | €72,998 | -€8,483 | -10.4% |
| Suppliers | 440/4 | €81,481 | €72,998 | -€8,483 | -10.4% |
| Taxes, remuneration and social security | 45 | €151,807 | €109,820 | -€41,987 | -27.7% |
| Taxes | 450/3 | €143,034 | €97,211 | -€45,823 | -32.0% |
| Remuneration and social security | 454/9 | €8,774 | €12,609 | +€3,836 | +43.7% |
| Other amounts payable | 47/48 | €266,220 | €70,832 | -€195,388 | -73.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,108 | +€2,108 | |
| Remuneration, social security and pensions | 62 | €73,422 | €97,582 | +€24,160 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,880 | €103,831 | +€59,951 | +137% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,445 | €0 | -€10,445 | -100% |
| Other operating charges | 640/8 | €10,015 | €27,202 | +€17,187 | +172% |
| Gross operating margin | 9900 | €577,138 | €488,799 | -€88,339 | -15.3% |
| Operating profit (loss) | 9901 | €439,376 | €260,184 | -€179,192 | -40.8% |
| Financial income | 75/76B | €5,394 | €2,882 | -€2,512 | -46.6% |
| Recurring financial income | 75 | €5,394 | €2,882 | -€2,512 | -46.6% |
| Financial charges | 65/66B | €608 | €6,041 | +€5,433 | +894% |
| Recurring financial charges | 65 | €608 | €6,041 | +€5,433 | +894% |
| Profit (loss) for the period before taxes | 9903 | €444,161 | €257,025 | -€187,137 | -42.1% |
| Income taxes | 67/77 | €153,196 | €74,625 | -€78,571 | -51.3% |
| Profit (loss) for the period | 9904 | €290,966 | €182,400 | -€108,566 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €290,966 | €182,400 | -€108,566 | -37.3% |
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 16 October 2026 via checked.be.