RECYCLART: 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.
RECYCLART
Largest movements
- Receivables within one year -€65,897
down €65,897 (-15.7%), from €419,270 to €353,373
of which Other amounts receivable: -€55,554
- Cash +€33,268
up €33,268 (+87.2%), from €38,130 to €71,398
mainly Receivables within one year (+€65,897) and Depreciation (+€48,883)
- Tangible fixed assets -€21,269
down €21,269 (-5.0%), from €426,180 to €404,911
of which Other tangible fixed assets: -€11,908
- Investment grants -€40,918
down €40,918 (-11.3%), from €361,618 to €320,700
- Debts within one year -€14,847
down €14,847 (-4.4%), from €339,593 to €324,747
- Profit (loss) carried forward +€14,312
up €14,312 (+261%), from €5,491 to €19,804
- Accrued charges and deferred income -€11,977
down €11,977 (-4.6%), from €261,458 to €249,481
- Staff costs -€50,726
down €50,726 (-2.8%), from €1.8m to €1.8m
- Gross operating margin -€46,543
down €46,543 (-2.5%), from €1.9m to €1.8m
- Write-downs +€19,499
new in 2025: €19,499
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 | €982,161 | €920,981 | -€61,180 | -6.2% |
| Fixed assets | 21/28 | €427,479 | €406,210 | -€21,269 | -5.0% |
| Tangible fixed assets | 22/27 | €426,180 | €404,911 | -€21,269 | -5.0% |
| Plant, machinery and equipment | 23 | €91,071 | €87,965 | -€3,106 | -3.4% |
| Furniture and vehicles | 24 | €14,391 | €8,138 | -€6,254 | -43.5% |
| Other tangible fixed assets | 26 | €320,717 | €308,809 | -€11,908 | -3.7% |
| Financial fixed assets | 28 | €1,299 | €1,299 | = | 0.0% |
| Current assets | 29/58 | €554,682 | €514,771 | -€39,911 | -7.2% |
| Stocks and contracts in progress | 3 | €26,194 | €24,597 | -€1,597 | -6.1% |
| Stocks | 30/36 | €26,194 | €24,597 | -€1,597 | -6.1% |
| Amounts receivable within one year | 40/41 | €419,270 | €353,373 | -€65,897 | -15.7% |
| Trade receivables | 40 | €66,220 | €55,876 | -€10,343 | -15.6% |
| Other amounts receivable | 41 | €353,050 | €297,497 | -€55,554 | -15.7% |
| Cash at bank and in hand | 54/58 | €38,130 | €71,398 | +€33,268 | +87.2% |
| Deferred charges and accrued income | 490/1 | €71,087 | €65,403 | -€5,684 | -8.0% |
| Total equity and liabilities | 10/49 | €982,161 | €920,981 | -€61,180 | -6.2% |
| Equity | 10/15 | €367,110 | €340,504 | -€26,606 | -7.2% |
| Profit (loss) carried forward | 14 | €5,491 | €19,804 | +€14,312 | +261% |
| Investment grants | 15 | €361,618 | €320,700 | -€40,918 | -11.3% |
| Provisions and deferred taxes | 16 | €14,000 | €6,250 | -€7,750 | -55.4% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €6,250 | -€7,750 | -55.4% |
| Other liabilities and charges | 164/5 | €14,000 | €6,250 | -€7,750 | -55.4% |
| Amounts payable | 17/49 | €601,051 | €574,228 | -€26,824 | -4.5% |
| Amounts payable within one year | 42/48 | €339,593 | €324,747 | -€14,847 | -4.4% |
| Trade debts | 44 | €35,043 | €27,854 | -€7,190 | -20.5% |
| Suppliers | 440/4 | €35,043 | €27,854 | -€7,190 | -20.5% |
| Taxes, remuneration and social security | 45 | €266,939 | €267,973 | +€1,034 | +0.4% |
| Taxes | 450/3 | €55,960 | €45,730 | -€10,230 | -18.3% |
| Remuneration and social security | 454/9 | €210,979 | €222,243 | +€11,264 | +5.3% |
| Accrued charges and deferred income | 492/3 | €261,458 | €249,481 | -€11,977 | -4.6% |
| Remuneration, social security and pensions | 62 | €1,829,035 | €1,778,310 | -€50,726 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,367 | €48,883 | -€7,484 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,499 | +€19,499 | |
| Other operating charges | 640/8 | €2,214 | €4,147 | +€1,933 | +87.3% |
| Gross operating margin | 9900 | €1,882,122 | €1,835,579 | -€46,543 | -2.5% |
| Operating profit (loss) | 9901 | -€19,494 | -€7,510 | +€11,985 | +61.5% |
| Financial income | 75/76B | €29,126 | €31,698 | +€2,572 | +8.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -65.0% |
| Non-recurring financial income | 76B | €29,125 | €31,698 | +€2,573 | +8.8% |
| Financial charges | 65/66B | €5,353 | €9,876 | +€4,523 | +84.5% |
| Recurring financial charges | 65 | €5,353 | €6,487 | +€1,134 | +21.2% |
| Non-recurring financial charges | 66B | - | €3,389 | +€3,389 | |
| Profit (loss) for the period before taxes | 9903 | €4,279 | €14,312 | +€10,033 | +234% |
| Profit (loss) for the period | 9904 | €4,279 | €14,312 | +€10,033 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €4,279 | €14,312 | +€10,033 | +234% |
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 30 October 2026 via checked.be.