RECYCLAGE VASIL: 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.
RECYCLAGE VASIL
Largest movements
- Tangible fixed assets +€24,727
up €24,727 (+164%), from €15,077 to €39,804
of which Furniture and vehicles: +€21,029
- Cash -€10,098
down €10,098 (-51.2%), from €19,709 to €9,610
mainly Investment in fixed assets (net) (-€29,068) and Trade debts (-€3,101)
- Receivables within one year -€801
down €801 (-8.8%), from €9,141 to €8,340
of which Other amounts receivable: -€1,304
- Profit (loss) carried forward +€12,820
up €12,820 (+62.8%), from €20,429 to €33,249
- Other debts +€3,632
new in 2024: €3,632
- Trade debts -€3,101
down €3,101 (-88.7%), from €3,497 to €397
- Gross operating margin +€36,312
up €36,312 (+248%), from €14,669 to €50,981
- Other operating charges +€30,477
up €30,477 (+1,676%), from €1,818 to €32,295
- Depreciation -€3,194
down €3,194 (-42.4%), from €7,536 to €4,342
- Taxes +€1,525
new in 2024: €1,525
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.
Derived cash bridge
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 | €43,927 | €57,754 | +€13,827 | +31.5% |
| Fixed assets | 21/28 | €15,077 | €39,804 | +€24,727 | +164% |
| Tangible fixed assets | 22/27 | €15,077 | €39,804 | +€24,727 | +164% |
| Plant, machinery and equipment | 23 | €1,161 | €4,858 | +€3,697 | +318% |
| Furniture and vehicles | 24 | €13,916 | €34,945 | +€21,029 | +151% |
| Current assets | 29/58 | €28,850 | €17,950 | -€10,899 | -37.8% |
| Amounts receivable within one year | 40/41 | €9,141 | €8,340 | -€801 | -8.8% |
| Trade receivables | 40 | €7,837 | €8,340 | +€503 | +6.4% |
| Other amounts receivable | 41 | €1,304 | - | -€1,304 | |
| Cash at bank and in hand | 54/58 | €19,709 | €9,610 | -€10,098 | -51.2% |
| Total equity and liabilities | 10/49 | €43,927 | €57,754 | +€13,827 | +31.5% |
| Equity | 10/15 | €40,429 | €53,249 | +€12,820 | +31.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,429 | €33,249 | +€12,820 | +62.8% |
| Amounts payable | 17/49 | €3,497 | €4,505 | +€1,007 | +28.8% |
| Amounts payable within one year | 42/48 | €3,497 | €4,505 | +€1,007 | +28.8% |
| Trade debts | 44 | €3,497 | €397 | -€3,101 | -88.7% |
| Suppliers | 440/4 | €3,497 | €397 | -€3,101 | -88.7% |
| Taxes, remuneration and social security | 45 | - | €477 | +€477 | |
| Taxes | 450/3 | - | €477 | +€477 | |
| Other amounts payable | 47/48 | - | €3,632 | +€3,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,536 | €4,342 | -€3,194 | -42.4% |
| Other operating charges | 640/8 | €1,818 | €32,295 | +€30,477 | +1,676% |
| Gross operating margin | 9900 | €14,669 | €50,981 | +€36,312 | +248% |
| Operating profit (loss) | 9901 | €5,315 | €14,344 | +€9,030 | +170% |
| Profit (loss) for the period before taxes | 9903 | €5,315 | €14,344 | +€9,030 | +170% |
| Income taxes | 67/77 | - | €1,525 | +€1,525 | |
| Profit (loss) for the period | 9904 | €5,315 | €12,820 | +€7,505 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €5,315 | €12,820 | +€7,505 | +141% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.