RECYCOQ: 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.
RECYCOQ
Largest movements
- Cash -€1,104
down €1,104 (-24.4%), from €4,522 to €3,418
mainly Trade debts (-€800) and Net result for the year (-€294)
- Trade debts -€800
no longer reported in 2025 (was €800)
- Profit (loss) carried forward -€294
down €294 (-3.5%), from -€8,381 to -€8,675
- Gross operating margin +€502
up €502 (+66.7%), from -€752 to -€250
- Financial income +€20
up €20 (+147.7%), from €13 to €33
- Other operating charges +€17
new in 2025: €17
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 | €4,819 | €3,725 | -€1,094 | -22.7% |
| Current assets | 29/58 | €4,819 | €3,725 | -€1,094 | -22.7% |
| Amounts receivable within one year | 40/41 | €297 | €307 | +€10 | +3.3% |
| Other amounts receivable | 41 | €297 | €307 | +€10 | +3.3% |
| Cash at bank and in hand | 54/58 | €4,522 | €3,418 | -€1,104 | -24.4% |
| Total equity and liabilities | 10/49 | €4,819 | €3,725 | -€1,094 | -22.7% |
| Equity | 10/15 | €4,019 | €3,725 | -€294 | -7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,381 | -€8,675 | -€294 | -3.5% |
| Amounts payable | 17/49 | €800 | - | -€800 | |
| Amounts payable within one year | 42/48 | €800 | - | -€800 | |
| Trade debts | 44 | €800 | - | -€800 | |
| Suppliers | 440/4 | €800 | - | -€800 | |
| Other operating charges | 640/8 | - | €17 | +€17 | |
| Gross operating margin | 9900 | -€752 | -€250 | +€502 | +66.7% |
| Operating profit (loss) | 9901 | -€752 | -€267 | +€485 | +64.5% |
| Financial income | 75/76B | €13 | €33 | +€20 | +147.7% |
| Recurring financial income | 75 | €13 | €33 | +€20 | +147.7% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€799 | -€294 | +€505 | +63.1% |
| Profit (loss) for the period | 9904 | -€799 | -€294 | +€505 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€799 | -€294 | +€505 | +63.1% |
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 8 October 2026 via checked.be.