RECYBUILD SOLUTIONS: 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.
RECYBUILD SOLUTIONS
Largest movements
- Tangible fixed assets -€192,661
down €192,661 (-11.3%), from €1.7m to €1.5m
of which Plant, machinery and equipment: -€191,289
- Cash -€38,902
down €38,902 (-85.2%), from €45,682 to €6,780
mainly Net result for the year (-€170,784) and Debts after one year (-€170,000)
- Stocks and contracts +€26,015
up €26,015 (+14.9%), from €174,574 to €200,589
- Other debts +€190,000
up €190,000 (+28.8%), from €660,515 to €850,515
- Profit (loss) carried forward -€170,784
down €170,784 (-29.0%), from -€589,508 to -€760,291
- Debts after one year -€170,000
down €170,000 (-47.0%), from €361,667 to €191,667
- Current portion of long-term debt -€35,532
down €35,532 (-26.2%), from €135,532 to €100,000
- Financial charges -€22,752
down €22,752 (-78.7%), from €28,903 to €6,151
- Gross operating margin -€8,471
down €8,471 (-27.1%), from €31,229 to €22,758
- Depreciation -€4,996
down €4,996 (-2.5%), from €203,549 to €198,554
- Staff costs -€4,984
no longer reported in 2025 (was €4,984)
- Financial income -€4,202
down €4,202 (-27.1%), from €15,502 to €11,300
of which Non-recurring financial income: -€3,492
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 | €1,992,486 | €1,775,290 | -€217,196 | -10.9% |
| Fixed assets | 21/28 | €1,714,915 | €1,513,362 | -€201,554 | -11.8% |
| Intangible fixed assets | 21 | €16,274 | €7,382 | -€8,892 | -54.6% |
| Tangible fixed assets | 22/27 | €1,698,641 | €1,505,980 | -€192,661 | -11.3% |
| Plant, machinery and equipment | 23 | €1,661,509 | €1,470,220 | -€191,289 | -11.5% |
| Furniture and vehicles | 24 | €37,132 | €35,760 | -€1,372 | -3.7% |
| Current assets | 29/58 | €277,571 | €261,928 | -€15,642 | -5.6% |
| Stocks and contracts in progress | 3 | €174,574 | €200,589 | +€26,015 | +14.9% |
| Stocks | 30/36 | €174,574 | €200,589 | +€26,015 | +14.9% |
| Amounts receivable within one year | 40/41 | €55,729 | €51,170 | -€4,559 | -8.2% |
| Trade receivables | 40 | €50,905 | €50,965 | +€60 | +0.1% |
| Other amounts receivable | 41 | €4,824 | €205 | -€4,619 | -95.7% |
| Cash at bank and in hand | 54/58 | €45,682 | €6,780 | -€38,902 | -85.2% |
| Deferred charges and accrued income | 490/1 | €1,585 | €3,389 | +€1,804 | +113.8% |
| Total equity and liabilities | 10/49 | €1,992,486 | €1,775,290 | -€217,196 | -10.9% |
| Equity | 10/15 | €281,565 | €99,482 | -€182,084 | -64.7% |
| Contributions | 10/11 | €765,000 | €765,000 | = | 0.0% |
| Capital | 10 | €765,000 | €765,000 | = | 0.0% |
| Issued capital | 100 | €765,000 | €765,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€589,508 | -€760,291 | -€170,784 | -29.0% |
| Investment grants | 15 | €106,073 | €94,773 | -€11,300 | -10.7% |
| Amounts payable | 17/49 | €1,710,921 | €1,675,808 | -€35,112 | -2.1% |
| Amounts payable after more than one year | 17 | €361,667 | €191,667 | -€170,000 | -47.0% |
| Financial debts | 170/4 | €361,667 | €191,667 | -€170,000 | -47.0% |
| Amounts payable within one year | 42/48 | €1,349,254 | €1,484,141 | +€134,888 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €135,532 | €100,000 | -€35,532 | -26.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €446,337 | €433,626 | -€12,711 | -2.8% |
| Suppliers | 440/4 | €446,337 | €433,626 | -€12,711 | -2.8% |
| Taxes, remuneration and social security | 45 | €6,870 | - | -€6,870 | |
| Taxes | 450/3 | €6,870 | - | -€6,870 | |
| Other amounts payable | 47/48 | €660,515 | €850,515 | +€190,000 | +28.8% |
| Remuneration, social security and pensions | 62 | €4,984 | - | -€4,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,549 | €198,554 | -€4,996 | -2.5% |
| Other operating charges | 640/8 | €720 | €137 | -€583 | -81.0% |
| Gross operating margin | 9900 | €31,229 | €22,758 | -€8,471 | -27.1% |
| Operating profit (loss) | 9901 | -€178,024 | -€175,933 | +€2,092 | +1.2% |
| Financial income | 75/76B | €15,502 | €11,300 | -€4,202 | -27.1% |
| Recurring financial income | 75 | €12,010 | €11,300 | -€710 | -5.9% |
| Non-recurring financial income | 76B | €3,492 | - | -€3,492 | |
| Financial charges | 65/66B | €28,903 | €6,151 | -€22,752 | -78.7% |
| Recurring financial charges | 65 | €28,903 | €6,151 | -€22,752 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | -€191,425 | -€170,784 | +€20,642 | +10.8% |
| Profit (loss) for the period | 9904 | -€191,425 | -€170,784 | +€20,642 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€191,425 | -€170,784 | +€20,642 | +10.8% |
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 6 October 2026 via checked.be.