RECYMET: 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
RECYMET
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €534,049+€2.6m
Equity
€5.3m
2024 · €2.4m+€2.9m
Cash
€1.1m
2024 · €1.4m-€322,048
Balance sheet total
€12.1m
2024 · €10.0m+€2.1m
Largest movements
Assets
- Financial fixed assets +€974,099
up €974,099 (+97.4%), from €1.0m to €2.0m
of which Affiliated companies: +€974,099
- Stocks and contracts +€870,732
up €870,732 (+31.0%), from €2.8m to €3.7m
- Receivables within one year +€501,658
up €501,658 (+16.2%), from €3.1m to €3.6m
of which Other amounts receivable: +€845,718
- Cash -€322,048
down €322,048 (-23.4%), from €1.4m to €1.1m
mainly Provisions (-€2.5m) and Investment in fixed assets (net) (-€1.6m)
Equity and liabilities
- Profit (loss) carried forward +€2.7m
up €2.7m (+126.9%), from €2.1m to €4.9m
- Provisions -€2.5m
down €2.5m (-96.4%), from €2.6m to €92,660
of which Provisions for liabilities and charges: -€2.6m
- Debts after one year +€966,639
up €966,639 (+120.9%), from €799,765 to €1.8m
- Short-term financial debts +€400,000
up €400,000 (+100.0%), from €400,000 to €800,000
- Other debts +€249,820
up €249,820 (+3683.3%), from €6,783 to €256,603
Income statement
- Provisions -€1.9m
down €1.9m (-322.1%), from -€604,153 to -€2.6m
- Turnover +€1.2m
up €1.2m (+3.4%), from €34.7m to €35.9m
- Services and other goods -€370,510
down €370,510 (-18.3%), from €2.0m to €1.7m
- Goods and materials +€368,863
up €368,863 (+1.2%), from €31.3m to €31.6m
of which Purchases: +€811,205
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
€534,049
Turnover
+€1.2m
Other operating income
-€142,086
Goods and materials
-€368,863
Services and other goods
+€370,510
Staff costs
-€261,514
Depreciation
-€184,145
Provisions
+€1.9m
Other operating charges
+€149,849
Other operating items
+€95,625
Financial income
-€73,602
Financial charges
-€58,132
Taxes
-€43,653
Deferred taxes and other
-€27,910
Result 2025
€3.1m
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
+€50,913
Investment
-€1.6m
Financing
+€1.3m
Cash 2024
€1.4m
From operations (derived)
+€50,913
Net result for the year
+€3.1m
Depreciation
+€557,764
Stocks and contracts
-€870,732
Receivables within one year
-€501,658
Deferred charges and accrued income
+€2,507
Provisions
-€2.5m
Trade debts
-€119,081
Tax, wage and social debts
+€86,295
Other debts
+€249,820
Accrued charges and deferred income
+€19,950
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€1.3m
Debts after one year
+€966,639
Current portion of long-term debt
+€152,851
Short-term financial debts
+€400,000
Contributions, distributions and other
-€250,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,978,285 | €12,110,807 | +€2.1m | +21.4% |
| Fixed assets | 21/28 | €2,655,314 | €3,740,001 | +€1.1m | +40.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,655,164 | €1,765,752 | +€110,588 | +6.7% |
| Land and buildings | 22 | €109,060 | €231,079 | +€122,019 | +111.9% |
| Plant, machinery and equipment | 23 | €614,822 | €839,641 | +€224,819 | +36.6% |
| Furniture and vehicles | 24 | €2,578 | €1,693 | -€885 | -34.3% |
| Leasing and similar rights | 25 | €928,704 | €693,340 | -€235,365 | -25.3% |
| Financial fixed assets | 28 | €1,000,150 | €1,974,249 | +€974,099 | +97.4% |
| Affiliated companies | 280/1 | €1,000,000 | €1,974,099 | +€974,099 | +97.4% |
| Participating interests | 280 | €1,000,000 | €1,974,099 | +€974,099 | +97.4% |
| Other financial fixed assets | 284/8 | €150 | €150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €7,322,971 | €8,370,806 | +€1.0m | +14.3% |
| Stocks and contracts in progress | 3 | €2,812,521 | €3,683,253 | +€870,732 | +31.0% |
| Stocks | 30/36 | €2,812,521 | €3,683,253 | +€870,732 | +31.0% |
| Goods purchased for resale | 34 | €2,812,521 | €3,683,253 | +€870,732 | +31.0% |
| Amounts receivable within one year | 40/41 | €3,089,022 | €3,590,680 | +€501,658 | +16.2% |
| Trade receivables | 40 | €2,770,544 | €2,426,484 | -€344,060 | -12.4% |
| Other amounts receivable | 41 | €318,478 | €1,164,196 | +€845,718 | +265.5% |
| Cash at bank and in hand | 54/58 | €1,373,866 | €1,051,818 | -€322,048 | -23.4% |
| Deferred charges and accrued income | 490/1 | €47,561 | €45,054 | -€2,507 | -5.3% |
| Total equity and liabilities | 10/49 | €9,978,285 | €12,110,807 | +€2.1m | +21.4% |
| Equity | 10/15 | €2,425,905 | €5,298,542 | +€2.9m | +118.4% |
| Contributions | 10/11 | €144,158 | €144,158 | = | 0.0% |
| Capital | 10 | €144,158 | €144,158 | = | 0.0% |
| Issued capital | 100 | €144,158 | €144,158 | = | 0.0% |
| Reserves | 13 | €143,566 | €303,797 | +€160,231 | +111.6% |
| Non-distributable reserves | 130/1 | €25,816 | €25,816 | = | 0.0% |
| Legal reserve | 130 | €25,816 | €25,816 | = | 0.0% |
| Tax-exempt reserves | 132 | €117,750 | €277,981 | +€160,231 | +136.1% |
| Profit (loss) carried forward | 14 | €2,138,181 | €4,850,587 | +€2.7m | +126.9% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,589,250 | €92,660 | -€2.5m | -96.4% |
| Provisions for liabilities and charges | 160/5 | €2,550,000 | - | -€2.6m | |
| Major repairs and maintenance | 162 | €2,550,000 | - | -€2.6m | |
| Deferred taxes | 168 | €39,250 | €92,660 | +€53,410 | +136.1% |
| Amounts payable | 17/49 | €4,963,130 | €6,719,604 | +€1.8m | +35.4% |
| Amounts payable after more than one year | 17 | €799,765 | €1,766,404 | +€966,639 | +120.9% |
| Financial debts | 170/4 | €799,765 | €1,766,404 | +€966,639 | +120.9% |
| Leasing and similar obligations | 172 | €653,125 | €489,911 | -€163,214 | -25.0% |
| Credit institutions | 173 | €146,640 | €1,276,493 | +€1.1m | +770.5% |
| Amounts payable within one year | 42/48 | €4,155,865 | €4,925,751 | +€769,886 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €311,526 | €464,378 | +€152,851 | +49.1% |
| Financial debts | 43 | €400,000 | €800,000 | +€400,000 | +100.0% |
| Credit institutions | 430/8 | €400,000 | €800,000 | +€400,000 | +100.0% |
| Trade debts | 44 | €3,219,521 | €3,100,441 | -€119,081 | -3.7% |
| Suppliers | 440/4 | €3,219,521 | €3,100,441 | -€119,081 | -3.7% |
| Taxes, remuneration and social security | 45 | €218,035 | €304,330 | +€86,295 | +39.6% |
| Taxes | 450/3 | €16,726 | €67,853 | +€51,127 | +305.7% |
| Remuneration and social security | 454/9 | €201,309 | €236,477 | +€35,168 | +17.5% |
| Other amounts payable | 47/48 | €6,783 | €256,603 | +€249,820 | +3683.3% |
| Accrued charges and deferred income | 492/3 | €7,500 | €27,450 | +€19,950 | +266.0% |
| Operating income | 70/76A | €35,103,666 | €36,251,336 | +€1.1m | +3.3% |
| Turnover | 70 | €34,676,798 | €35,863,460 | +€1.2m | +3.4% |
| Other operating income | 74 | €303,462 | €161,376 | -€142,086 | -46.8% |
| Non-recurring operating income | 76A | €123,407 | €226,500 | +€103,093 | +83.5% |
| Operating charges | 60/66A | €34,580,276 | €32,936,060 | -€1.6m | -4.8% |
| Goods for resale, raw materials and consumables | 60 | €31,263,714 | €31,632,577 | +€368,863 | +1.2% |
| Purchases | 600/8 | €31,692,103 | €32,503,309 | +€811,205 | +2.6% |
| Change in stocks: decrease (increase) | 609 | -€428,390 | -€870,732 | -€442,342 | -103.3% |
| Services and other goods | 61 | €2,025,453 | €1,654,944 | -€370,510 | -18.3% |
| Remuneration, social security and pensions | 62 | €1,364,902 | €1,626,416 | +€261,514 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,619 | €557,764 | +€184,145 | +49.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€604,153 | -€2,550,000 | -€1.9m | -322.1% |
| Other operating charges | 640/8 | €156,135 | €6,286 | -€149,849 | -96.0% |
| Non-recurring operating charges | 66A | €606 | €8,074 | +€7,468 | +1233.2% |
| Operating profit (loss) | 9901 | €523,390 | €3,315,276 | +€2.8m | +533.4% |
| Financial income | 75/76B | €110,082 | €36,480 | -€73,602 | -66.9% |
| Recurring financial income | 75 | €110,082 | €36,480 | -€73,602 | -66.9% |
| Income from current assets | 751 | €47,856 | - | -€47,856 | |
| Other financial income | 752/9 | €62,226 | €36,480 | -€25,746 | -41.4% |
| Financial charges | 65/66B | €65,611 | €123,743 | +€58,132 | +88.6% |
| Recurring financial charges | 65 | €65,611 | €123,743 | +€58,132 | +88.6% |
| Debt charges | 650 | €28,618 | €78,204 | +€49,586 | +173.3% |
| Other financial charges | 652/9 | €36,994 | €45,539 | +€8,546 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €567,861 | €3,228,012 | +€2.7m | +468.5% |
| Transfer from deferred taxes | 780 | - | €3,215 | +€3,215 | |
| Transfer to deferred taxes | 680 | €25,500 | €56,625 | +€31,125 | +122.1% |
| Income taxes | 67/77 | €8,312 | €51,965 | +€43,653 | +525.2% |
| Taxes | 670/3 | €8,312 | €51,965 | +€43,653 | +525.2% |
| Profit (loss) for the period | 9904 | €534,049 | €3,122,637 | +€2.6m | +484.7% |
| Transfer from tax-exempt reserves | 789 | - | €9,644 | +€9,644 | |
| Transfer to tax-exempt reserves | 689 | €76,500 | €169,875 | +€93,375 | +122.1% |
| Profit (loss) for the period to be appropriated | 9905 | €457,549 | €2,962,406 | +€2.5m | +547.5% |
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.