RECYCLING EXPRESS: 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.
RECYCLING EXPRESS
Largest movements
- Receivables within one year -€131,296
down €131,296 (-74.1%), from €177,300 to €46,004
of which Other amounts receivable: -€94,506
- Tangible fixed assets -€20,504
down €20,504 (-3.7%), from €548,330 to €527,826
of which Land and buildings: -€49,861
- Cash +€9,058
up €9,058 (+51.5%), from €17,593 to €26,651
mainly Receivables within one year (+€131,296) and Depreciation (+€80,832)
- Deferred charges and accrued income +€7,656
up €7,656 (+271%), from €2,824 to €10,480
- Tax, wage and social debts -€90,005
down €90,005 (-69.6%), from €129,380 to €39,376
of which Taxes: -€91,221
- Current portion of long-term debt -€41,535
down €41,535 (-60.5%), from €68,701 to €27,166
- Profit (loss) carried forward +€40,930
up €40,930 (+34.0%), from €120,372 to €161,302
- Debts after one year -€27,166
down €27,166 (-10.8%), from €252,385 to €225,219
- Trade debts -€17,311
down €17,311 (-28.0%), from €61,836 to €44,525
- Staff costs -€23,433
down €23,433 (-8.0%), from €291,610 to €268,177
- Gross operating margin +€21,539
up €21,539 (+5.2%), from €417,954 to €439,493
- Taxes +€20,455
up €20,455, from -€205 to €20,250
- Depreciation +€8,890
up €8,890 (+12.4%), from €71,942 to €80,832
- Financial charges -€5,471
down €5,471 (-25.6%), from €21,382 to €15,912
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 | €755,613 | €620,526 | -€135,087 | -17.9% |
| Fixed assets | 21/28 | €548,330 | €527,826 | -€20,504 | -3.7% |
| Tangible fixed assets | 22/27 | €548,330 | €527,826 | -€20,504 | -3.7% |
| Land and buildings | 22 | €489,101 | €439,240 | -€49,861 | -10.2% |
| Plant, machinery and equipment | 23 | €2,072 | - | -€2,072 | |
| Furniture and vehicles | 24 | €57,156 | €88,586 | +€31,429 | +55.0% |
| Current assets | 29/58 | €207,283 | €92,700 | -€114,583 | -55.3% |
| Amounts receivable after more than one year | 29 | €9,566 | €9,566 | = | 0.0% |
| Trade receivables | 290 | €9,566 | €9,566 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €177,300 | €46,004 | -€131,296 | -74.1% |
| Trade receivables | 40 | €68,879 | €32,089 | -€36,790 | -53.4% |
| Other amounts receivable | 41 | €108,421 | €13,915 | -€94,506 | -87.2% |
| Cash at bank and in hand | 54/58 | €17,593 | €26,651 | +€9,058 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,824 | €10,480 | +€7,656 | +271% |
| Total equity and liabilities | 10/49 | €755,613 | €620,526 | -€135,087 | -17.9% |
| Equity | 10/15 | €243,310 | €284,240 | +€40,930 | +16.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €102,478 | €102,478 | = | 0.0% |
| Distributable reserves | 133 | €102,478 | €102,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,372 | €161,302 | +€40,930 | +34.0% |
| Amounts payable | 17/49 | €512,303 | €336,286 | -€176,017 | -34.4% |
| Amounts payable after more than one year | 17 | €252,385 | €225,219 | -€27,166 | -10.8% |
| Financial debts | 170/4 | €252,385 | €225,219 | -€27,166 | -10.8% |
| Amounts payable within one year | 42/48 | €259,918 | €111,067 | -€148,850 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €68,701 | €27,166 | -€41,535 | -60.5% |
| Trade debts | 44 | €61,836 | €44,525 | -€17,311 | -28.0% |
| Suppliers | 440/4 | €61,836 | €44,525 | -€17,311 | -28.0% |
| Taxes, remuneration and social security | 45 | €129,380 | €39,376 | -€90,005 | -69.6% |
| Taxes | 450/3 | €101,471 | €10,250 | -€91,221 | -89.9% |
| Remuneration and social security | 454/9 | €27,909 | €29,126 | +€1,216 | +4.4% |
| Remuneration, social security and pensions | 62 | €291,610 | €268,177 | -€23,433 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,942 | €80,832 | +€8,890 | +12.4% |
| Other operating charges | 640/8 | €13,463 | €13,392 | -€70 | -0.5% |
| Gross operating margin | 9900 | €417,954 | €439,493 | +€21,539 | +5.2% |
| Operating profit (loss) | 9901 | €40,939 | €77,091 | +€36,152 | +88.3% |
| Financial charges | 65/66B | €21,382 | €15,912 | -€5,471 | -25.6% |
| Recurring financial charges | 65 | €21,382 | €15,912 | -€5,471 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €19,557 | €61,180 | +€41,623 | +213% |
| Income taxes | 67/77 | -€205 | €20,250 | +€20,455 | |
| Profit (loss) for the period | 9904 | €19,762 | €40,930 | +€21,168 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €19,762 | €40,930 | +€21,168 | +107% |
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 18 October 2026 via checked.be.