RECY-CABLES: what changed
Two fiscal 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.
RECY-CABLES
Largest movements
- Receivables within one year +€227,325
up €227,325 (+1209.0%), from €18,803 to €246,129
of which Trade receivables: +€168,143
- Tangible fixed assets +€35,851
up €35,851 (+57.7%), from €62,130 to €97,981
of which Plant, machinery and equipment: +€19,887
- Cash +€35,681
up €35,681 (+401.2%), from €8,894 to €44,575
mainly Trade debts (+€134,084) and Advances received (+€76,985)
- Intangible fixed assets -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Trade debts +€134,084
up €134,084 (+722.9%), from €18,548 to €152,632
- Advances received +€76,985
new in 2025: €76,985
- Other debts +€49,087
up €49,087 (+5373.6%), from €913 to €50,000
- Current portion of long-term debt +€9,318
up €9,318 (+354.6%), from €2,628 to €11,946
- Tax, wage and social debts +€9,174
up €9,174 (+62.7%), from €14,640 to €23,813
of which Taxes: +€8,294
- Taxes -€23,154
down €23,154, from €19,375 to -€3,779
- Depreciation +€10,665
up €10,665 (+27.3%), from €39,116 to €49,781
- Gross operating margin -€8,275
down €8,275 (-3.6%), from €227,972 to €219,697
- Staff costs +€4,629
up €4,629 (+4.6%), from €101,602 to €106,231
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.
Cash bridge derived
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 | €153,253 | €442,295 | +€289,042 | +188.6% |
| Fixed assets | 21/28 | €122,130 | €148,281 | +€26,151 | +21.4% |
| Intangible fixed assets | 21 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Tangible fixed assets | 22/27 | €62,130 | €97,981 | +€35,851 | +57.7% |
| Plant, machinery and equipment | 23 | €47,842 | €67,729 | +€19,887 | +41.6% |
| Furniture and vehicles | 24 | €14,288 | €30,252 | +€15,964 | +111.7% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €31,123 | €294,013 | +€262,890 | +844.7% |
| Amounts receivable within one year | 40/41 | €18,803 | €246,129 | +€227,325 | +1209.0% |
| Trade receivables | 40 | €13,544 | €181,687 | +€168,143 | +1241.5% |
| Other amounts receivable | 41 | €5,260 | €64,442 | +€59,183 | +1125.2% |
| Cash at bank and in hand | 54/58 | €8,894 | €44,575 | +€35,681 | +401.2% |
| Deferred charges and accrued income | 490/1 | €3,426 | €3,309 | -€116 | -3.4% |
| Total equity and liabilities | 10/49 | €153,253 | €442,295 | +€289,042 | +188.6% |
| Equity | 10/15 | €108,849 | €115,377 | +€6,527 | +6.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €66,527 | +€6,527 | +10.9% |
| Distributable reserves | 133 | €60,000 | €66,527 | +€6,527 | +10.9% |
| Profit (loss) carried forward | 14 | €38,849 | €38,849 | = | 0.0% |
| Amounts payable | 17/49 | €44,404 | €326,918 | +€282,514 | +636.2% |
| Amounts payable after more than one year | 17 | €7,675 | €11,542 | +€3,867 | +50.4% |
| Financial debts | 170/4 | €7,675 | €11,542 | +€3,867 | +50.4% |
| Amounts payable within one year | 42/48 | €36,729 | €315,376 | +€278,647 | +758.7% |
| Current portion of amounts payable after more than one year | 42 | €2,628 | €11,946 | +€9,318 | +354.6% |
| Trade debts | 44 | €18,548 | €152,632 | +€134,084 | +722.9% |
| Suppliers | 440/4 | €18,548 | €152,632 | +€134,084 | +722.9% |
| Advances received on contracts in progress | 46 | - | €76,985 | +€76,985 | |
| Taxes, remuneration and social security | 45 | €14,640 | €23,813 | +€9,174 | +62.7% |
| Taxes | 450/3 | €2,138 | €10,432 | +€8,294 | +388.0% |
| Remuneration and social security | 454/9 | €12,502 | €13,381 | +€880 | +7.0% |
| Other amounts payable | 47/48 | €913 | €50,000 | +€49,087 | +5373.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,602 | €106,231 | +€4,629 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,116 | €49,781 | +€10,665 | +27.3% |
| Other operating charges | 640/8 | €10,347 | €9,956 | -€391 | -3.8% |
| Gross operating margin | 9900 | €227,972 | €219,697 | -€8,275 | -3.6% |
| Operating profit (loss) | 9901 | €76,906 | €53,729 | -€23,177 | -30.1% |
| Financial income | 75/76B | €0 | €937 | +€937 | +9369800.0% |
| Recurring financial income | 75 | €0 | €937 | +€937 | +9369800.0% |
| Financial charges | 65/66B | €2,179 | €1,917 | -€262 | -12.0% |
| Recurring financial charges | 65 | €2,179 | €1,917 | -€262 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €74,728 | €52,749 | -€21,979 | -29.4% |
| Income taxes | 67/77 | €19,375 | -€3,779 | -€23,154 | |
| Profit (loss) for the period | 9904 | €55,353 | €56,527 | +€1,175 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,353 | €56,527 | +€1,175 | +2.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.