RECYFUEL: 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.
What changed
RECYFUEL
NACE 38.330, Waste collection, recovery and disposal activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -+€1.6m
Equity
€14.4m
2024 · -+€14.4m
Cash
€5.3m
2024 · -+€5.3m
Balance sheet total
€22.0m
2024 · €20.2m+€1.8m
Largest movements
Assets
- Total assets +€1.8m
up €1.8m (+8.8%), from €20.2m to €22.0m
of which Current assets: +€13.4m
Equity and liabilities
- Total equity and liabilities +€1.8m
up €1.8m (+8.8%), from €20.2m to €22.0m
of which Equity: +€14.4m
Income statement
- Turnover +€30.2m
new in 2025: €30.2m
- Services and other goods +€9.5m
new in 2025: €9.5m
- Other operating charges +€9.1m
new in 2025: €9.1m
- Staff costs +€4.3m
new in 2025: €4.3m
- Goods and materials +€3.2m
new in 2025: €3.2m
of which Purchases: +€3.3m
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,182,806 | €21,967,455 | +€1.8m | +8.8% |
| Fixed assets | 21/28 | - | €8,546,960 | +€8.5m | |
| Intangible fixed assets | 21 | - | €11,166 | +€11,166 | |
| Tangible fixed assets | 22/27 | - | €8,499,494 | +€8.5m | |
| Land and buildings | 22 | - | €4,339,516 | +€4.3m | |
| Plant, machinery and equipment | 23 | - | €4,027,723 | +€4.0m | |
| Furniture and vehicles | 24 | - | €38,280 | +€38,280 | |
| Assets under construction and advance payments | 27 | - | €93,975 | +€93,975 | |
| Financial fixed assets | 28 | - | €36,300 | +€36,300 | |
| Other financial fixed assets | 284/8 | - | €36,300 | +€36,300 | |
| Amounts receivable and cash guarantees | 285/8 | - | €36,300 | +€36,300 | |
| Current assets | 29/58 | - | €13,420,495 | +€13.4m | |
| Stocks and contracts in progress | 3 | - | €2,873,006 | +€2.9m | |
| Stocks | 30/36 | - | €2,873,006 | +€2.9m | |
| Raw materials and consumables | 30/31 | - | €2,873,006 | +€2.9m | |
| Amounts receivable within one year | 40/41 | - | €5,122,985 | +€5.1m | |
| Trade receivables | 40 | - | €5,119,069 | +€5.1m | |
| Other amounts receivable | 41 | - | €3,915 | +€3,915 | |
| Cash at bank and in hand | 54/58 | - | €5,296,429 | +€5.3m | |
| Deferred charges and accrued income | 490/1 | - | €128,076 | +€128,076 | |
| Total equity and liabilities | 10/49 | €20,182,806 | €21,967,455 | +€1.8m | +8.8% |
| Equity | 10/15 | - | €14,392,873 | +€14.4m | |
| Contributions | 10/11 | - | €13,085,532 | +€13.1m | |
| Capital | 10 | - | €13,085,532 | +€13.1m | |
| Issued capital | 100 | - | €14,325,000 | +€14.3m | |
| Uncalled capital | 101 | - | €1,239,468 | +€1.2m | |
| Reserves | 13 | - | €1,057,700 | +€1.1m | |
| Non-distributable reserves | 130/1 | - | €1,057,700 | +€1.1m | |
| Legal reserve | 130 | - | €1,057,700 | +€1.1m | |
| Profit (loss) carried forward | 14 | - | €4,435 | +€4,435 | |
| Investment grants | 15 | - | €245,206 | +€245,206 | |
| Provisions and deferred taxes | 16 | - | €958,097 | +€958,097 | |
| Provisions for liabilities and charges | 160/5 | - | €958,097 | +€958,097 | |
| Major repairs and maintenance | 162 | - | €785,197 | +€785,197 | |
| Other liabilities and charges | 164/5 | - | €172,900 | +€172,900 | |
| Amounts payable | 17/49 | - | €6,616,485 | +€6.6m | |
| Amounts payable within one year | 42/48 | - | €6,437,570 | +€6.4m | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | - | €3,385,982 | +€3.4m | |
| Suppliers | 440/4 | - | €3,385,982 | +€3.4m | |
| Taxes, remuneration and social security | 45 | - | €858,465 | +€858,465 | |
| Taxes | 450/3 | - | €131,862 | +€131,862 | |
| Remuneration and social security | 454/9 | - | €726,603 | +€726,603 | |
| Other amounts payable | 47/48 | - | €2,193,123 | +€2.2m | |
| Accrued charges and deferred income | 492/3 | - | €178,914 | +€178,914 | |
| Operating income | 70/76A | - | €30,311,208 | +€30.3m | |
| Turnover | 70 | - | €30,152,575 | +€30.2m | |
| Other operating income | 74 | - | €158,633 | +€158,633 | |
| Operating charges | 60/66A | - | €28,170,171 | +€28.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €3,192,102 | +€3.2m | |
| Purchases | 600/8 | - | €3,314,142 | +€3.3m | |
| Change in stocks: decrease (increase) | 609 | - | -€122,040 | -€122,040 | |
| Services and other goods | 61 | - | €9,474,914 | +€9.5m | |
| Remuneration, social security and pensions | 62 | - | €4,343,681 | +€4.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,855,753 | +€1.9m | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€44,000 | -€44,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €236,900 | +€236,900 | |
| Other operating charges | 640/8 | - | €9,110,821 | +€9.1m | |
| Operating profit (loss) | 9901 | - | €2,141,037 | +€2.1m | |
| Financial income | 75/76B | - | €89,245 | +€89,245 | |
| Recurring financial income | 75 | - | €89,245 | +€89,245 | |
| Income from current assets | 751 | - | €37,605 | +€37,605 | |
| Other financial income | 752/9 | - | €51,640 | +€51,640 | |
| Financial charges | 65/66B | - | €14,829 | +€14,829 | |
| Recurring financial charges | 65 | - | €14,829 | +€14,829 | |
| Debt charges | 650 | - | €45 | +€45 | |
| Other financial charges | 652/9 | - | €14,784 | +€14,784 | |
| Profit (loss) for the period before taxes | 9903 | - | €2,215,452 | +€2.2m | |
| Income taxes | 67/77 | - | €611,131 | +€611,131 | |
| Taxes | 670/3 | - | €611,131 | +€611,131 | |
| Profit (loss) for the period | 9904 | - | €1,604,322 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | - | €1,604,322 | +€1.6m |
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.