RECYGRO: what changed
RECYGRO
Largest movements
- Tangible fixed assets +€212,684
up €212,684 (+262%), from €81,080 to €293,765
of which Land and buildings: +€220,184
- Cash -€100,091
down €100,091 (-56.2%), from €177,956 to €77,865
mainly Investment in fixed assets (net) (-€239,985) and Tax, wage and social debts (-€64,807)
- Receivables within one year -€11,287
down €11,287 (-35.2%), from €32,024 to €20,737
of which Trade receivables: -€11,728
- Debts after one year +€137,116
new in 2025: €137,116
- Tax, wage and social debts -€64,807
down €64,807 (-77.4%), from €83,730 to €18,923
of which Remuneration and social security: -€63,780
- Reserves +€37,633
up €37,633 (+37.6%), from €100,208 to €137,841
- Profit (loss) carried forward -€14,196
down €14,196 (-37.7%), from €37,633 to €23,437
- Current portion of long-term debt +€12,884
new in 2025: €12,884
- Depreciation +€8,594
up €8,594 (+45.9%), from €18,706 to €27,300
- Gross operating margin -€8,298
down €8,298 (-12.1%), from €68,601 to €60,302
- Taxes -€3,521
down €3,521 (-34.0%), from €10,364 to €6,843
- Financial charges +€1,296
up €1,296 (+1,798%), from €72 to €1,368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,041 | €394,481 | +€102,440 | +35.1% |
| Fixed assets | 21/28 | €81,080 | €293,765 | +€212,684 | +262% |
| Tangible fixed assets | 22/27 | €81,080 | €293,765 | +€212,684 | +262% |
| Land and buildings | 22 | - | €220,184 | +€220,184 | |
| Plant, machinery and equipment | 23 | €3,323 | €2,998 | -€325 | -9.8% |
| Furniture and vehicles | 24 | €77,758 | €69,461 | -€8,297 | -10.7% |
| Other tangible fixed assets | 26 | - | €1,122 | +€1,122 | |
| Current assets | 29/58 | €210,961 | €100,716 | -€110,245 | -52.3% |
| Amounts receivable within one year | 40/41 | €32,024 | €20,737 | -€11,287 | -35.2% |
| Trade receivables | 40 | €29,308 | €17,580 | -€11,728 | -40.0% |
| Other amounts receivable | 41 | €2,716 | €3,157 | +€441 | +16.2% |
| Cash at bank and in hand | 54/58 | €177,956 | €77,865 | -€100,091 | -56.2% |
| Deferred charges and accrued income | 490/1 | €981 | €2,114 | +€1,133 | +116% |
| Total equity and liabilities | 10/49 | €292,041 | €394,481 | +€102,440 | +35.1% |
| Equity | 10/15 | €142,841 | €166,278 | +€23,437 | +16.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,208 | €137,841 | +€37,633 | +37.6% |
| Distributable reserves | 133 | €100,208 | €137,841 | +€37,633 | +37.6% |
| Profit (loss) carried forward | 14 | €37,633 | €23,437 | -€14,196 | -37.7% |
| Amounts payable | 17/49 | €149,200 | €228,203 | +€79,003 | +53.0% |
| Amounts payable after more than one year | 17 | - | €137,116 | +€137,116 | |
| Financial debts | 170/4 | - | €137,116 | +€137,116 | |
| Amounts payable within one year | 42/48 | €148,990 | €91,071 | -€57,919 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,884 | +€12,884 | |
| Trade debts | 44 | €2,998 | €1,164 | -€1,834 | -61.2% |
| Suppliers | 440/4 | €2,998 | €1,164 | -€1,834 | -61.2% |
| Taxes, remuneration and social security | 45 | €83,730 | €18,923 | -€64,807 | -77.4% |
| Taxes | 450/3 | €10,475 | €9,448 | -€1,027 | -9.8% |
| Remuneration and social security | 454/9 | €73,255 | €9,475 | -€63,780 | -87.1% |
| Other amounts payable | 47/48 | €62,262 | €58,100 | -€4,162 | -6.7% |
| Accrued charges and deferred income | 492/3 | €210 | €16 | -€194 | -92.2% |
| Non-recurring operating income | 76A | €3,383 | €0 | -€3,383 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,706 | €27,300 | +€8,594 | +45.9% |
| Other operating charges | 640/8 | €1,314 | €1,355 | +€40 | +3.1% |
| Non-recurring operating charges | 66A | €512 | €0 | -€512 | -100% |
| Gross operating margin | 9900 | €68,601 | €60,302 | -€8,298 | -12.1% |
| Operating profit (loss) | 9901 | €48,069 | €31,648 | -€16,422 | -34.2% |
| Financial charges | 65/66B | €72 | €1,368 | +€1,296 | +1,798% |
| Recurring financial charges | 65 | €72 | €1,368 | +€1,296 | +1,798% |
| Profit (loss) for the period before taxes | 9903 | €47,997 | €30,280 | -€17,717 | -36.9% |
| Income taxes | 67/77 | €10,364 | €6,843 | -€3,521 | -34.0% |
| Profit (loss) for the period | 9904 | €37,633 | €23,437 | -€14,196 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,633 | €23,437 | -€14,196 | -37.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.