RECYCA: 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.
RECYCA
Largest movements
- Stocks and contracts -€115,171
down €115,171 (-30.4%), from €378,359 to €263,188
- Receivables within one year -€77,894
down €77,894 (-10.3%), from €755,925 to €678,030
of which Other amounts receivable: -€79,036
- Cash -€62,512
down €62,512 (-24.9%), from €250,809 to €188,297
mainly Short-term financial debts (-€200,057) and Trade debts (-€71,762)
- Short-term financial debts -€200,057
down €200,057 (-87.2%), from €229,421 to €29,363
- Trade debts -€71,762
down €71,762 (-24.1%), from €298,316 to €226,554
- Profit (loss) carried forward +€27,797
up €27,797 (+5.0%), from €554,635 to €582,432
- Debts after one year -€25,736
down €25,736 (-7.5%), from €340,933 to €315,197
- Gross operating margin -€225,757
down €225,757 (-33.2%), from €679,793 to €454,036
- Taxes -€67,908
down €67,908 (-86.5%), from €78,463 to €10,554
- Staff costs +€37,407
up €37,407 (+11.3%), from €330,727 to €368,133
- Other operating charges -€11,383
down €11,383 (-54.5%), from €20,890 to €9,507
- Write-downs +€8,302
no longer reported in 2025 (was -€8,302)
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 | €1,561,497 | €1,305,701 | -€255,796 | -16.4% |
| Fixed assets | 21/28 | €171,056 | €175,370 | +€4,314 | +2.5% |
| Intangible fixed assets | 21 | €3,876 | €13,692 | +€9,816 | +253.3% |
| Tangible fixed assets | 22/27 | €95,194 | €89,692 | -€5,502 | -5.8% |
| Plant, machinery and equipment | 23 | €7,392 | €5,333 | -€2,059 | -27.9% |
| Furniture and vehicles | 24 | €42,713 | €31,157 | -€11,556 | -27.1% |
| Other tangible fixed assets | 26 | €45,089 | €53,202 | +€8,113 | +18.0% |
| Financial fixed assets | 28 | €71,986 | €71,986 | = | 0.0% |
| Current assets | 29/58 | €1,390,441 | €1,130,330 | -€260,110 | -18.7% |
| Stocks and contracts in progress | 3 | €378,359 | €263,188 | -€115,171 | -30.4% |
| Stocks | 30/36 | €378,359 | €263,188 | -€115,171 | -30.4% |
| Amounts receivable within one year | 40/41 | €755,925 | €678,030 | -€77,894 | -10.3% |
| Trade receivables | 40 | €184,421 | €185,562 | +€1,142 | +0.6% |
| Other amounts receivable | 41 | €571,504 | €492,468 | -€79,036 | -13.8% |
| Cash at bank and in hand | 54/58 | €250,809 | €188,297 | -€62,512 | -24.9% |
| Deferred charges and accrued income | 490/1 | €5,348 | €815 | -€4,533 | -84.8% |
| Total equity and liabilities | 10/49 | €1,561,497 | €1,305,701 | -€255,796 | -16.4% |
| Equity | 10/15 | €591,095 | €618,892 | +€27,797 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €554,635 | €582,432 | +€27,797 | +5.0% |
| Amounts payable | 17/49 | €970,402 | €686,809 | -€283,593 | -29.2% |
| Amounts payable after more than one year | 17 | €340,933 | €315,197 | -€25,736 | -7.5% |
| Financial debts | 170/4 | €340,933 | €315,197 | -€25,736 | -7.5% |
| Amounts payable within one year | 42/48 | €629,469 | €371,612 | -€257,857 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €33,560 | €38,760 | +€5,200 | +15.5% |
| Financial debts | 43 | €229,421 | €29,363 | -€200,057 | -87.2% |
| Credit institutions | 430/8 | €229,421 | €29,363 | -€200,057 | -87.2% |
| Trade debts | 44 | €298,316 | €226,554 | -€71,762 | -24.1% |
| Suppliers | 440/4 | €298,316 | €226,554 | -€71,762 | -24.1% |
| Taxes, remuneration and social security | 45 | €68,173 | €76,935 | +€8,763 | +12.9% |
| Taxes | 450/3 | €29,602 | €28,769 | -€833 | -2.8% |
| Remuneration and social security | 454/9 | €38,571 | €48,166 | +€9,596 | +24.9% |
| Non-recurring operating income | 76A | €1,089 | - | -€1,089 | |
| Remuneration, social security and pensions | 62 | €330,727 | €368,133 | +€37,407 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,564 | €26,935 | -€629 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,302 | - | +€8,302 | |
| Other operating charges | 640/8 | €20,890 | €9,507 | -€11,383 | -54.5% |
| Gross operating margin | 9900 | €679,793 | €454,036 | -€225,757 | -33.2% |
| Operating profit (loss) | 9901 | €308,914 | €49,460 | -€259,454 | -84.0% |
| Financial income | 75/76B | €8,387 | €5,265 | -€3,122 | -37.2% |
| Recurring financial income | 75 | €8,387 | €5,265 | -€3,122 | -37.2% |
| Financial charges | 65/66B | €24,297 | €16,373 | -€7,924 | -32.6% |
| Recurring financial charges | 65 | €23,087 | €15,254 | -€7,833 | -33.9% |
| Non-recurring financial charges | 66B | €1,211 | €1,119 | -€91 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €293,003 | €38,351 | -€254,652 | -86.9% |
| Income taxes | 67/77 | €78,463 | €10,554 | -€67,908 | -86.5% |
| Profit (loss) for the period | 9904 | €214,541 | €27,797 | -€186,744 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €214,541 | €27,797 | -€186,744 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.