RECYMETAL: 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
RECYMETAL
NACE 46.872, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€1.9m
2023 · -€297,580+€2.2m
Equity
€13.4m
2023 · €11.7m+€1.7m
Cash
€5.0m
2023 · €5.5m-€443,016
Balance sheet total
€13.8m
2023 · €12.0m+€1.8m
Largest movements
Assets
- Current investments +€3.0m
new in 2024: €3.0m
- Stocks and contracts -€678,444
down €678,444 (-17.7%), from €3.8m to €3.2m
- Cash -€443,016
down €443,016 (-8.1%), from €5.5m to €5.0m
mainly Current investments (-€3.0m) and Contributions, distributions and other (-€200,136)
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+26.0%), from €7.5m to €9.4m
- Reserves -€200,136
down €200,136 (-4.8%), from €4.2m to €4.0m
of which Distributable reserves: -€200,136
Income statement
- Gross operating margin +€2.9m
up €2.9m (+2,147%), from €136,333 to €3.1m
- Taxes +€656,075
up €656,075 (+46,223%), from €1,419 to €657,495
- Staff costs +€56,933
up €56,933 (+26.6%), from €214,126 to €271,059
From the 2023 result to the 2024 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 2023
-€297,580
Gross operating margin
+€2.9m
Staff costs
-€56,933
Depreciation
-€2,090
Other operating charges
+€5,700
Financial income
+€21,751
Financial charges
-€2,259
Taxes
-€656,075
Result 2024
€1.9m
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.9m
Investment
-€3.2m
Financing
-€200,136
Cash 2023
€5.5m
From operations (derived)
+€2.9m
Net result for the year
+€1.9m
Depreciation
+€180,485
Stocks and contracts
+€678,444
Receivables within one year
-€12,883
Deferred charges and accrued income
+€20,313
Trade debts
+€30,465
Tax, wage and social debts
-€4,845
Other debts
+€89,588
Accrued charges and deferred income
-€7,584
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€151,940
Current investments
-€3.0m
Financing
-€200,136
Contributions, distributions and other
-€200,136
Cash 2024
€5.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,968,282 | €13,815,847 | +€1.8m | +15.4% |
| Fixed assets | 21/28 | €2,295,392 | €2,266,847 | -€28,545 | -1.2% |
| Tangible fixed assets | 22/27 | €2,295,122 | €2,266,577 | -€28,545 | -1.2% |
| Land and buildings | 22 | €1,735,197 | €1,691,240 | -€43,957 | -2.5% |
| Plant, machinery and equipment | 23 | €361,854 | €312,793 | -€49,061 | -13.6% |
| Furniture and vehicles | 24 | €198,072 | €262,544 | +€64,472 | +32.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €9,672,890 | €11,548,999 | +€1.9m | +19.4% |
| Stocks and contracts in progress | 3 | €3,830,636 | €3,152,192 | -€678,444 | -17.7% |
| Stocks | 30/36 | €3,830,636 | €3,152,192 | -€678,444 | -17.7% |
| Amounts receivable within one year | 40/41 | €309,824 | €322,707 | +€12,883 | +4.2% |
| Trade receivables | 40 | €15,464 | €45,663 | +€30,200 | +195% |
| Other amounts receivable | 41 | €294,360 | €277,044 | -€17,317 | -5.9% |
| Current investments | 50/53 | - | €3,005,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €5,472,458 | €5,029,442 | -€443,016 | -8.1% |
| Deferred charges and accrued income | 490/1 | €59,972 | €39,659 | -€20,313 | -33.9% |
| Total equity and liabilities | 10/49 | €11,968,282 | €13,815,847 | +€1.8m | +15.4% |
| Equity | 10/15 | €11,689,062 | €13,429,003 | +€1.7m | +14.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,197,068 | €3,996,932 | -€200,136 | -4.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,650 | €24,650 | = | 0.0% |
| Distributable reserves | 133 | €4,170,559 | €3,970,422 | -€200,136 | -4.8% |
| Profit (loss) carried forward | 14 | €7,473,402 | €9,413,480 | +€1.9m | +26.0% |
| Amounts payable | 17/49 | €279,220 | €386,843 | +€107,623 | +38.5% |
| Amounts payable within one year | 42/48 | €266,546 | €381,753 | +€115,208 | +43.2% |
| Trade debts | 44 | €17,469 | €47,934 | +€30,465 | +174% |
| Suppliers | 440/4 | €17,469 | €47,934 | +€30,465 | +174% |
| Taxes, remuneration and social security | 45 | €59,707 | €54,862 | -€4,845 | -8.1% |
| Taxes | 450/3 | €27,946 | €11,652 | -€16,294 | -58.3% |
| Remuneration and social security | 454/9 | €31,761 | €43,210 | +€11,449 | +36.0% |
| Other amounts payable | 47/48 | €189,370 | €278,958 | +€89,588 | +47.3% |
| Accrued charges and deferred income | 492/3 | €12,675 | €5,090 | -€7,584 | -59.8% |
| Non-recurring operating income | 76A | €10,701 | €0 | -€10,701 | -100% |
| Remuneration, social security and pensions | 62 | €214,126 | €271,059 | +€56,933 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,395 | €180,485 | +€2,090 | +1.2% |
| Other operating charges | 640/8 | €46,969 | €41,269 | -€5,700 | -12.1% |
| Gross operating margin | 9900 | €136,333 | €3,063,896 | +€2.9m | +2,147% |
| Operating profit (loss) | 9901 | -€303,158 | €2,571,083 | +€2.9m | |
| Financial income | 75/76B | €12,355 | €34,106 | +€21,751 | +176% |
| Recurring financial income | 75 | €12,355 | €34,106 | +€21,751 | +176% |
| Financial charges | 65/66B | €5,358 | €7,617 | +€2,259 | +42.2% |
| Recurring financial charges | 65 | €5,358 | €7,617 | +€2,259 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€296,161 | €2,597,572 | +€2.9m | |
| Income taxes | 67/77 | €1,419 | €657,495 | +€656,075 | +46,223% |
| Profit (loss) for the period | 9904 | -€297,580 | €1,940,077 | +€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€297,580 | €1,940,077 | +€2.2m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.