RECYDEL: 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.
What changed
RECYDEL
NACE 38.330, Waste collection, recovery and disposal activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.2m-€10,065
Equity
€7.1m
2024 · €7.5m-€375,093
Cash
€3.6m
2024 · €3.8m-€172,801
Balance sheet total
€18.1m
2024 · €17.5m+€577,859
Largest movements
Assets
- Receivables within one year +€782,985
up €782,985 (+10.1%), from €7.7m to €8.5m
of which Trade receivables: +€859,063
- Stocks and contracts -€258,835
down €258,835 (-14.7%), from €1.8m to €1.5m
- Tangible fixed assets +€238,349
up €238,349 (+5.6%), from €4.2m to €4.5m
of which Land and buildings: +€630,242
Equity and liabilities
- Trade debts +€827,378
up €827,378 (+11.3%), from €7.3m to €8.2m
- Profit (loss) carried forward -€375,093
down €375,093 (-8.0%), from €4.7m to €4.3m
Income statement
- Turnover +€8.2m
up €8.2m (+23.8%), from €34.5m to €42.7m
- Services and other goods +€4.5m
up €4.5m (+36.6%), from €12.3m to €16.8m
- Goods and materials +€2.5m
up €2.5m (+15.1%), from €16.5m to €19.0m
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.
Result 2024
€1.2m
Turnover
+€8.2m
Other operating income
+€16,728
Goods and materials
-€2.5m
Services and other goods
-€4.5m
Staff costs
-€169,787
Depreciation
+€246,207
Write-downs
+€346
Other operating charges
-€159,806
Other operating items
-€1.1m
Financial income
-€4,239
Financial charges
-€1,241
Taxes
-€4,433
Result 2025
€1.2m
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.
From operations
+€3.0m
Investment
-€1.6m
Financing
-€1.6m
Cash 2024
€3.8m
From operations (derived)
+€3.0m
Net result for the year
+€1.2m
Depreciation
+€1.3m
Stocks and contracts
+€258,835
Receivables within one year
-€782,985
Deferred charges and accrued income
+€21,864
Trade debts
+€827,378
Tax, wage and social debts
-€8,721
Other debts
+€67,500
Accrued charges and deferred income
+€66,796
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€1.6m
Contributions, distributions and other
-€1.6m
Cash 2025
€3.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,545,432 | €18,123,291 | +€577,859 | +3.3% |
| Fixed assets | 21/28 | €4,240,537 | €4,488,911 | +€248,374 | +5.9% |
| Tangible fixed assets | 22/27 | €4,240,537 | €4,478,886 | +€238,349 | +5.6% |
| Land and buildings | 22 | €76,202 | €706,444 | +€630,242 | +827.1% |
| Plant, machinery and equipment | 23 | €4,155,467 | €3,598,655 | -€556,812 | -13.4% |
| Furniture and vehicles | 24 | - | €30,427 | +€30,427 | |
| Assets under construction and advance payments | 27 | €8,868 | €143,360 | +€134,491 | +1516.6% |
| Financial fixed assets | 28 | - | €10,025 | +€10,025 | |
| Other financial fixed assets | 284/8 | - | €10,025 | +€10,025 | |
| Amounts receivable and cash guarantees | 285/8 | - | €10,025 | +€10,025 | |
| Current assets | 29/58 | €13,304,896 | €13,634,380 | +€329,485 | +2.5% |
| Stocks and contracts in progress | 3 | €1,759,797 | €1,500,962 | -€258,835 | -14.7% |
| Stocks | 30/36 | €1,759,797 | €1,500,962 | -€258,835 | -14.7% |
| Finished goods | 33 | €1,759,797 | €1,500,962 | -€258,835 | -14.7% |
| Amounts receivable within one year | 40/41 | €7,739,129 | €8,522,114 | +€782,985 | +10.1% |
| Trade receivables | 40 | €7,226,726 | €8,085,789 | +€859,063 | +11.9% |
| Other amounts receivable | 41 | €512,403 | €436,325 | -€76,078 | -14.8% |
| Cash at bank and in hand | 54/58 | €3,784,105 | €3,611,304 | -€172,801 | -4.6% |
| Deferred charges and accrued income | 490/1 | €21,864 | - | -€21,864 | |
| Total equity and liabilities | 10/49 | €17,545,432 | €18,123,291 | +€577,859 | +3.3% |
| Equity | 10/15 | €7,454,897 | €7,079,803 | -€375,093 | -5.0% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,704,897 | €4,329,803 | -€375,093 | -8.0% |
| Amounts payable | 17/49 | €10,090,536 | €11,043,488 | +€952,952 | +9.4% |
| Amounts payable within one year | 42/48 | €10,052,876 | €10,939,032 | +€886,157 | +8.8% |
| Trade debts | 44 | €7,330,704 | €8,158,082 | +€827,378 | +11.3% |
| Suppliers | 440/4 | €7,330,704 | €8,158,082 | +€827,378 | +11.3% |
| Taxes, remuneration and social security | 45 | €1,214,672 | €1,205,951 | -€8,721 | -0.7% |
| Taxes | 450/3 | €535,956 | €497,251 | -€38,705 | -7.2% |
| Remuneration and social security | 454/9 | €678,716 | €708,700 | +€29,984 | +4.4% |
| Other amounts payable | 47/48 | €1,507,500 | €1,575,000 | +€67,500 | +4.5% |
| Accrued charges and deferred income | 492/3 | €37,660 | €104,456 | +€66,796 | +177.4% |
| Operating income | 70/76A | €36,332,101 | €43,392,515 | +€7.1m | +19.4% |
| Turnover | 70 | €34,520,894 | €42,728,228 | +€8.2m | +23.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €904,813 | -€258,835 | -€1.2m | |
| Other operating income | 74 | €906,394 | €923,122 | +€16,728 | +1.8% |
| Operating charges | 60/66A | €34,638,489 | €41,699,055 | +€7.1m | +20.4% |
| Goods for resale, raw materials and consumables | 60 | €16,526,115 | €19,021,606 | +€2.5m | +15.1% |
| Purchases | 600/8 | €16,526,115 | €19,021,606 | +€2.5m | +15.1% |
| Services and other goods | 61 | €12,310,803 | €16,820,896 | +€4.5m | +36.6% |
| Remuneration, social security and pensions | 62 | €4,073,224 | €4,243,011 | +€169,787 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,577,976 | €1,331,768 | -€246,207 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €832 | €487 | -€346 | -41.5% |
| Other operating charges | 640/8 | €45,565 | €205,371 | +€159,806 | +350.7% |
| Non-recurring operating charges | 66A | €103,975 | €75,916 | -€28,059 | -27.0% |
| Operating profit (loss) | 9901 | €1,693,612 | €1,693,460 | -€153 | 0.0% |
| Financial income | 75/76B | €6,541 | €2,302 | -€4,239 | -64.8% |
| Recurring financial income | 75 | €6,541 | €2,302 | -€4,239 | -64.8% |
| Other financial income | 752/9 | €6,541 | €2,302 | -€4,239 | -64.8% |
| Financial charges | 65/66B | €5,730 | €6,971 | +€1,241 | +21.7% |
| Recurring financial charges | 65 | €5,730 | €6,971 | +€1,241 | +21.7% |
| Debt charges | 650 | €25 | €467 | +€442 | +1768.3% |
| Other financial charges | 652/9 | €5,705 | €6,504 | +€799 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €1,694,423 | €1,688,791 | -€5,633 | -0.3% |
| Income taxes | 67/77 | €484,452 | €488,884 | +€4,433 | +0.9% |
| Taxes | 670/3 | €484,452 | €488,884 | +€4,433 | +0.9% |
| Profit (loss) for the period | 9904 | €1,209,972 | €1,199,907 | -€10,065 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,209,972 | €1,199,907 | -€10,065 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.