RECYBEL: 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.
RECYBEL
Largest movements
- Cash +€588,098
up €588,098 (+123.9%), from €474,663 to €1.1m
mainly Trade debts (+€479,989) and Net result for the year (+€248,113)
- Receivables within one year +€162,121
up €162,121 (+24.3%), from €665,938 to €828,058
of which Trade receivables: +€158,927
- Trade debts +€479,989
up €479,989 (+73.4%), from €653,798 to €1.1m
- Other debts +€244,800
new in 2024: €244,800
- Tax, wage and social debts +€21,568
up €21,568 (+159.5%), from €13,522 to €35,090
- Turnover +€587,999
up €587,999 (+18.7%), from €3.1m to €3.7m
- Services and other goods +€136,240
up €136,240 (+3.7%), from €3.6m to €3.8m
- Other operating income -€95,829
down €95,829 (-21.6%), from €443,792 to €347,964
- Taxes +€61,995
new in 2024: €61,995
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,141,148 | €1,890,819 | +€749,671 | +65.7% |
| Current assets | 29/58 | €1,141,148 | €1,890,819 | +€749,671 | +65.7% |
| Amounts receivable within one year | 40/41 | €665,938 | €828,058 | +€162,121 | +24.3% |
| Trade receivables | 40 | €647,572 | €806,500 | +€158,927 | +24.5% |
| Other amounts receivable | 41 | €18,365 | €21,559 | +€3,193 | +17.4% |
| Cash at bank and in hand | 54/58 | €474,663 | €1,062,761 | +€588,098 | +123.9% |
| Deferred charges and accrued income | 490/1 | €547 | €0 | -€547 | -100.0% |
| Total equity and liabilities | 10/49 | €1,141,148 | €1,890,819 | +€749,671 | +65.7% |
| Equity | 10/15 | €473,828 | €477,142 | +€3,313 | +0.7% |
| Contributions | 10/11 | €199,200 | €199,200 | = | 0.0% |
| Capital | 10 | €199,200 | €199,200 | = | 0.0% |
| Issued capital | 100 | €199,200 | €199,200 | = | 0.0% |
| Reserves | 13 | €19,920 | €19,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,920 | €19,920 | = | 0.0% |
| Legal reserve | 130 | €19,920 | €19,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,708 | €258,022 | +€3,313 | +1.3% |
| Amounts payable | 17/49 | €667,320 | €1,413,677 | +€746,357 | +111.8% |
| Amounts payable within one year | 42/48 | €667,320 | €1,413,677 | +€746,357 | +111.8% |
| Trade debts | 44 | €653,798 | €1,133,787 | +€479,989 | +73.4% |
| Suppliers | 440/4 | €653,798 | €1,133,787 | +€479,989 | +73.4% |
| Taxes, remuneration and social security | 45 | €13,522 | €35,090 | +€21,568 | +159.5% |
| Taxes | 450/3 | €13,522 | €35,090 | +€21,568 | +159.5% |
| Other amounts payable | 47/48 | - | €244,800 | +€244,800 | |
| Operating income | 70/76A | €3,593,580 | €4,085,751 | +€492,170 | +13.7% |
| Turnover | 70 | €3,149,788 | €3,737,787 | +€587,999 | +18.7% |
| Other operating income | 74 | €443,792 | €347,964 | -€95,829 | -21.6% |
| Operating charges | 60/66A | €3,645,567 | €3,781,819 | +€136,252 | +3.7% |
| Services and other goods | 61 | €3,644,556 | €3,780,796 | +€136,240 | +3.7% |
| Other operating charges | 640/8 | €1,011 | €1,024 | +€12 | +1.2% |
| Operating profit (loss) | 9901 | -€51,987 | €303,931 | +€355,918 | |
| Financial income | 75/76B | €1 | €8,512 | +€8,511 | +945712.2% |
| Recurring financial income | 75 | €1 | €8,512 | +€8,511 | +945712.2% |
| Income from current assets | 751 | - | €8,512 | +€8,512 | |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,665 | €2,335 | +€670 | +40.3% |
| Recurring financial charges | 65 | €1,665 | €2,335 | +€670 | +40.3% |
| Other financial charges | 652/9 | €1,665 | €2,335 | +€670 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€53,651 | €310,108 | +€363,759 | |
| Income taxes | 67/77 | - | €61,995 | +€61,995 | |
| Taxes | 670/3 | - | €61,995 | +€61,995 | |
| Profit (loss) for the period | 9904 | -€53,651 | €248,113 | +€301,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,651 | €248,113 | +€301,764 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.