RECYBO: 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.
RECYBO
Largest movements
- Cash -€86,577
down €86,577 (-59.2%), from €146,138 to €59,561
mainly Other debts (-€86,033) and Debts after one year (-€80,004)
- Other debts -€86,033
down €86,033 (-26.2%), from €328,612 to €242,579
- Debts after one year -€80,004
down €80,004 (-9.0%), from €889,967 to €809,963
- Reserves +€79,758
up €79,758 (+41.0%), from €194,483 to €274,241
- Accrued charges and deferred income -€27,025
down €27,025 (-100%), from €27,025 to €0
- Gross operating margin -€14,940
down €14,940 (-7.8%), from €190,656 to €175,716
- Financial charges -€9,836
down €9,836 (-16.8%), from €58,678 to €48,842
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 | €1,577,634 | €1,465,015 | -€112,619 | -7.1% |
| Fixed assets | 21/28 | €1,416,759 | €1,405,455 | -€11,304 | -0.8% |
| Tangible fixed assets | 22/27 | €1,416,759 | €1,405,455 | -€11,304 | -0.8% |
| Land and buildings | 22 | €1,416,759 | €1,405,455 | -€11,304 | -0.8% |
| Current assets | 29/58 | €160,875 | €59,561 | -€101,314 | -63.0% |
| Amounts receivable within one year | 40/41 | €14,737 | €0 | -€14,737 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,737 | €0 | -€14,737 | -100% |
| Cash at bank and in hand | 54/58 | €146,138 | €59,561 | -€86,577 | -59.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,577,634 | €1,465,015 | -€112,619 | -7.1% |
| Equity | 10/15 | €219,483 | €299,241 | +€79,758 | +36.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €194,483 | €274,241 | +€79,758 | +41.0% |
| Distributable reserves | 133 | €194,483 | €274,241 | +€79,758 | +41.0% |
| Amounts payable | 17/49 | €1,358,151 | €1,165,774 | -€192,377 | -14.2% |
| Amounts payable after more than one year | 17 | €889,967 | €809,963 | -€80,004 | -9.0% |
| Financial debts | 170/4 | €889,967 | €809,963 | -€80,004 | -9.0% |
| Amounts payable within one year | 42/48 | €441,158 | €355,811 | -€85,347 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €80,004 | €80,004 | = | 0.0% |
| Trade debts | 44 | €2,175 | €5,167 | +€2,991 | +138% |
| Suppliers | 440/4 | €2,175 | €5,167 | +€2,991 | +138% |
| Taxes, remuneration and social security | 45 | €30,367 | €28,061 | -€2,306 | -7.6% |
| Taxes | 450/3 | €30,367 | €28,061 | -€2,306 | -7.6% |
| Other amounts payable | 47/48 | €328,612 | €242,579 | -€86,033 | -26.2% |
| Accrued charges and deferred income | 492/3 | €27,025 | €0 | -€27,025 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,304 | €11,304 | = | 0.0% |
| Other operating charges | 640/8 | €6,886 | €7,035 | +€149 | +2.2% |
| Gross operating margin | 9900 | €190,656 | €175,716 | -€14,940 | -7.8% |
| Operating profit (loss) | 9901 | €172,465 | €157,376 | -€15,090 | -8.7% |
| Financial charges | 65/66B | €58,678 | €48,842 | -€9,836 | -16.8% |
| Recurring financial charges | 65 | €58,678 | €48,842 | -€9,836 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €113,787 | €108,534 | -€5,254 | -4.6% |
| Income taxes | 67/77 | €30,367 | €28,775 | -€1,592 | -5.2% |
| Profit (loss) for the period | 9904 | €83,420 | €79,758 | -€3,662 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,420 | €79,758 | -€3,662 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.