RECYHOC: 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
RECYHOC
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,970
2024 · -€72,135+€150,105
Equity
€1.3m
2024 · €1.2m+€67,970
Cash
€1.0m
2024 · €809,110+€195,791
Balance sheet total
€3.0m
2024 · €2.5m+€506,735
Largest movements
Assets
- Receivables within one year +€269,823
up €269,823 (+66.8%), from €403,838 to €673,662
of which Trade receivables: +€215,996
- Cash +€195,791
up €195,791 (+24.2%), from €809,110 to €1.0m
mainly Trade debts (+€352,556) and Depreciation (+€150,589)
- Financial fixed assets +€30,000
up €30,000 (+20.0%), from €150,087 to €180,087
Equity and liabilities
- Trade debts +€352,556
up €352,556 (+213.5%), from €165,112 to €517,668
- Accrued charges and deferred income +€103,433
up €103,433 (+12.7%), from €813,377 to €916,810
- Profit (loss) carried forward +€66,583
up €66,583 (+13.1%), from €509,909 to €576,492
- Debts after one year -€57,794
down €57,794 (-88.2%), from €65,526 to €7,732
- Provisions +€52,742
up €52,742 (+48.9%), from €107,879 to €160,621
Income statement
- Turnover +€462,635
up €462,635 (+32.5%), from €1.4m to €1.9m
- Services and other goods +€235,473
up €235,473 (+33.5%), from €702,370 to €937,842
- Goods and materials +€73,770
up €73,770 (+28.8%), from €256,332 to €330,102
of which Purchases: +€64,318
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
-€72,135
Turnover
+€462,635
Other operating income
+€9,086
Goods and materials
-€73,770
Services and other goods
-€235,473
Staff costs
+€4,754
Depreciation
-€8,492
Provisions
+€10,127
Other operating charges
-€9,012
Financial income
-€10,266
Financial charges
+€515
Taxes
+€3
Result 2025
€77,970
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
+€431,016
Investment
-€163,811
Financing
-€71,414
Cash 2024
€809,110
From operations (derived)
+€431,016
Net result for the year
+€77,970
Depreciation
+€150,589
Stocks and contracts
-€11,860
Receivables within one year
-€269,823
Deferred charges and accrued income
-€16,040
Provisions
+€52,742
Trade debts
+€352,556
Tax, wage and social debts
-€18,552
Other debts
+€10,000
Accrued charges and deferred income
+€103,433
Investment (derived)
-€163,811
Investment in fixed assets (net)
-€163,811
Financing
-€71,414
Debts after one year
-€57,794
Current portion of long-term debt
-€3,620
Contributions, distributions and other
-€10,000
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,457,467 | €2,964,202 | +€506,735 | +20.6% |
| Fixed assets | 21/28 | €1,179,598 | €1,192,820 | +€13,221 | +1.1% |
| Intangible fixed assets | 21 | €29,234 | €22,733 | -€6,500 | -22.2% |
| Tangible fixed assets | 22/27 | €1,000,278 | €990,000 | -€10,278 | -1.0% |
| Land and buildings | 22 | €212,893 | €201,289 | -€11,604 | -5.5% |
| Plant, machinery and equipment | 23 | €616,078 | €663,454 | +€47,375 | +7.7% |
| Furniture and vehicles | 24 | €20,008 | €13,937 | -€6,070 | -30.3% |
| Leasing and similar rights | 25 | €151,299 | €109,871 | -€41,429 | -27.4% |
| Assets under construction and advance payments | 27 | - | €1,449 | +€1,449 | |
| Financial fixed assets | 28 | €150,087 | €180,087 | +€30,000 | +20.0% |
| Other financial fixed assets | 284/8 | €150,087 | €180,087 | +€30,000 | +20.0% |
| Shares | 284 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Amounts receivable and cash guarantees | 285/8 | €140,087 | €167,587 | +€27,500 | +19.6% |
| Current assets | 29/58 | €1,277,869 | €1,771,382 | +€493,513 | +38.6% |
| Stocks and contracts in progress | 3 | €31,511 | €43,370 | +€11,860 | +37.6% |
| Stocks | 30/36 | €31,511 | €43,370 | +€11,860 | +37.6% |
| Goods purchased for resale | 34 | €31,511 | €43,370 | +€11,860 | +37.6% |
| Amounts receivable within one year | 40/41 | €403,838 | €673,662 | +€269,823 | +66.8% |
| Trade receivables | 40 | €391,805 | €607,801 | +€215,996 | +55.1% |
| Other amounts receivable | 41 | €12,034 | €65,861 | +€53,827 | +447.3% |
| Cash at bank and in hand | 54/58 | €809,110 | €1,004,901 | +€195,791 | +24.2% |
| Deferred charges and accrued income | 490/1 | €33,410 | €49,450 | +€16,040 | +48.0% |
| Total equity and liabilities | 10/49 | €2,457,467 | €2,964,202 | +€506,735 | +20.6% |
| Equity | 10/15 | €1,212,522 | €1,280,492 | +€67,970 | +5.6% |
| Contributions | 10/11 | €640,000 | €640,000 | = | 0.0% |
| Capital | 10 | €640,000 | €640,000 | = | 0.0% |
| Issued capital | 100 | €640,000 | €640,000 | = | 0.0% |
| Reserves | 13 | €62,613 | €64,000 | +€1,387 | +2.2% |
| Non-distributable reserves | 130/1 | €62,613 | €64,000 | +€1,387 | +2.2% |
| Legal reserve | 130 | €62,613 | €64,000 | +€1,387 | +2.2% |
| Profit (loss) carried forward | 14 | €509,909 | €576,492 | +€66,583 | +13.1% |
| Provisions and deferred taxes | 16 | €107,879 | €160,621 | +€52,742 | +48.9% |
| Provisions for liabilities and charges | 160/5 | €107,879 | €160,621 | +€52,742 | +48.9% |
| Major repairs and maintenance | 162 | €107,879 | €160,621 | +€52,742 | +48.9% |
| Amounts payable | 17/49 | €1,137,066 | €1,523,089 | +€386,023 | +33.9% |
| Amounts payable after more than one year | 17 | €65,526 | €7,732 | -€57,794 | -88.2% |
| Financial debts | 170/4 | €65,526 | €7,732 | -€57,794 | -88.2% |
| Leasing and similar obligations | 172 | €52,195 | - | -€52,195 | |
| Credit institutions | 173 | €13,331 | €7,732 | -€5,599 | -42.0% |
| Amounts payable within one year | 42/48 | €258,163 | €598,547 | +€340,384 | +131.8% |
| Current portion of amounts payable after more than one year | 42 | €61,414 | €57,794 | -€3,620 | -5.9% |
| Trade debts | 44 | €165,112 | €517,668 | +€352,556 | +213.5% |
| Suppliers | 440/4 | €165,112 | €517,668 | +€352,556 | +213.5% |
| Taxes, remuneration and social security | 45 | €31,637 | €13,085 | -€18,552 | -58.6% |
| Taxes | 450/3 | €13,773 | €392 | -€13,381 | -97.2% |
| Remuneration and social security | 454/9 | €17,864 | €12,693 | -€5,171 | -28.9% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €813,377 | €916,810 | +€103,433 | +12.7% |
| Operating income | 70/76A | €1,455,328 | €1,927,049 | +€471,721 | +32.4% |
| Turnover | 70 | €1,424,906 | €1,887,542 | +€462,635 | +32.5% |
| Other operating income | 74 | €30,421 | €39,508 | +€9,086 | +29.9% |
| Operating charges | 60/66A | €1,545,110 | €1,856,977 | +€311,867 | +20.2% |
| Goods for resale, raw materials and consumables | 60 | €256,332 | €330,102 | +€73,770 | +28.8% |
| Purchases | 600/8 | €277,643 | €341,962 | +€64,318 | +23.2% |
| Change in stocks: decrease (increase) | 609 | -€21,312 | -€11,860 | +€9,452 | +44.4% |
| Services and other goods | 61 | €702,370 | €937,842 | +€235,473 | +33.5% |
| Remuneration, social security and pensions | 62 | €331,184 | €326,430 | -€4,754 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,097 | €150,589 | +€8,492 | +6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €62,868 | €52,742 | -€10,127 | -16.1% |
| Other operating charges | 640/8 | €50,259 | €59,271 | +€9,012 | +17.9% |
| Operating profit (loss) | 9901 | -€89,782 | €70,072 | +€159,854 | |
| Financial income | 75/76B | €22,473 | €12,207 | -€10,266 | -45.7% |
| Recurring financial income | 75 | €22,473 | €12,207 | -€10,266 | -45.7% |
| Income from current assets | 751 | €21,959 | €12,203 | -€9,757 | -44.4% |
| Other financial income | 752/9 | €514 | €5 | -€509 | -99.1% |
| Financial charges | 65/66B | €4,432 | €3,917 | -€515 | -11.6% |
| Recurring financial charges | 65 | €4,432 | €3,917 | -€515 | -11.6% |
| Debt charges | 650 | €2,312 | €1,423 | -€889 | -38.5% |
| Other financial charges | 652/9 | €2,120 | €2,494 | +€375 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | -€71,740 | €78,362 | +€150,103 | |
| Income taxes | 67/77 | €395 | €392 | -€3 | -0.7% |
| Taxes | 670/3 | €395 | €392 | -€3 | -0.7% |
| Profit (loss) for the period | 9904 | -€72,135 | €77,970 | +€150,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,135 | €77,970 | +€150,105 |
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 5 October 2026 via checked.be.