RECY-GROUP: 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.
RECY-GROUP
Largest movements
- Stocks and contracts +€65,582
up €65,582 (+19.4%), from €338,230 to €403,812
- Receivables within one year -€14,979
down €14,979 (-18.2%), from €82,247 to €67,268
of which Trade receivables: -€12,015
- Reserves +€44,403
up €44,403 (+14.0%), from €317,930 to €362,333
of which Distributable reserves: +€44,403
- Accrued charges and deferred income +€25,152
up €25,152 (+1305.0%), from €1,927 to €27,079
- Tax, wage and social debts +€20,021
up €20,021 (+274.1%), from €7,304 to €27,325
of which Taxes: +€22,021
- Current portion of long-term debt -€17,583
down €17,583 (-45.8%), from €38,412 to €20,829
- Other debts -€9,259
down €9,259 (-82.6%), from €11,210 to €1,951
- Staff costs -€50,746
down €50,746 (-100.0%), from €50,749 to €3
- Gross operating margin -€33,034
down €33,034 (-19.3%), from €171,329 to €138,296
- Taxes +€8,442
up €8,442 (+53.2%), from €15,883 to €24,325
- Depreciation -€7,596
down €7,596 (-14.9%), from €51,084 to €43,488
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 | €723,076 | €780,343 | +€57,267 | +7.9% |
| Fixed assets | 21/28 | €248,820 | €252,273 | +€3,454 | +1.4% |
| Tangible fixed assets | 22/27 | €248,820 | €252,273 | +€3,454 | +1.4% |
| Land and buildings | 22 | €197,673 | €183,436 | -€14,236 | -7.2% |
| Plant, machinery and equipment | 23 | €32,990 | €61,216 | +€28,225 | +85.6% |
| Furniture and vehicles | 24 | €18,157 | €7,622 | -€10,535 | -58.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €474,257 | €528,070 | +€53,813 | +11.3% |
| Stocks and contracts in progress | 3 | €338,230 | €403,812 | +€65,582 | +19.4% |
| Stocks | 30/36 | €338,230 | €403,812 | +€65,582 | +19.4% |
| Amounts receivable within one year | 40/41 | €82,247 | €67,268 | -€14,979 | -18.2% |
| Trade receivables | 40 | €75,510 | €63,494 | -€12,015 | -15.9% |
| Other amounts receivable | 41 | €6,737 | €3,773 | -€2,964 | -44.0% |
| Cash at bank and in hand | 54/58 | €49,924 | €53,251 | +€3,328 | +6.7% |
| Deferred charges and accrued income | 490/1 | €3,856 | €3,739 | -€117 | -3.0% |
| Total equity and liabilities | 10/49 | €723,076 | €780,343 | +€57,267 | +7.9% |
| Equity | 10/15 | €342,930 | €387,333 | +€44,403 | +12.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €317,930 | €362,333 | +€44,403 | +14.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €299,180 | €343,583 | +€44,403 | +14.8% |
| Amounts payable | 17/49 | €380,147 | €393,010 | +€12,864 | +3.4% |
| Amounts payable after more than one year | 17 | €6,373 | €2,591 | -€3,782 | -59.3% |
| Financial debts | 170/4 | €6,373 | €2,591 | -€3,782 | -59.3% |
| Amounts payable within one year | 42/48 | €371,846 | €363,340 | -€8,506 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €38,412 | €20,829 | -€17,583 | -45.8% |
| Financial debts | 43 | €153,822 | €150,000 | -€3,822 | -2.5% |
| Credit institutions | 430/8 | €8,822 | €0 | -€8,822 | -100.0% |
| Other loans | 439 | €145,000 | €150,000 | +€5,000 | +3.4% |
| Trade debts | 44 | €161,098 | €163,235 | +€2,137 | +1.3% |
| Suppliers | 440/4 | €161,098 | €163,235 | +€2,137 | +1.3% |
| Taxes, remuneration and social security | 45 | €7,304 | €27,325 | +€20,021 | +274.1% |
| Taxes | 450/3 | €2,304 | €24,325 | +€22,021 | +955.7% |
| Remuneration and social security | 454/9 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Other amounts payable | 47/48 | €11,210 | €1,951 | -€9,259 | -82.6% |
| Accrued charges and deferred income | 492/3 | €1,927 | €27,079 | +€25,152 | +1305.0% |
| Remuneration, social security and pensions | 62 | €50,749 | €3 | -€50,746 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,084 | €43,488 | -€7,596 | -14.9% |
| Other operating charges | 640/8 | €5,312 | €6,336 | +€1,024 | +19.3% |
| Gross operating margin | 9900 | €171,329 | €138,296 | -€33,034 | -19.3% |
| Operating profit (loss) | 9901 | €64,185 | €88,469 | +€24,285 | +37.8% |
| Financial income | 75/76B | €425 | €0 | -€425 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €425 | - | -€425 | |
| Financial charges | 65/66B | €18,229 | €19,741 | +€1,512 | +8.3% |
| Recurring financial charges | 65 | €18,229 | €19,741 | +€1,512 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €46,381 | €68,728 | +€22,347 | +48.2% |
| Income taxes | 67/77 | €15,883 | €24,325 | +€8,442 | +53.2% |
| Profit (loss) for the period | 9904 | €30,498 | €44,403 | +€13,906 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,498 | €44,403 | +€13,906 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.