RECYMEX: 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
RECYMEX
NACE 38.330, Waste collection, recovery and disposal activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€220,268
2023 · €332,413-€112,144
Equity
€2.5m
2023 · €2.3m+€200,268
Cash
€1.3m
2023 · €1.4m-€72,756
Balance sheet total
€6.5m
2023 · €6.3m+€223,792
Largest movements
Assets
- Tangible fixed assets +€344,399
up €344,399 (+17.6%), from €2.0m to €2.3m
of which Leasing and similar rights: +€257,886
- Intangible fixed assets +€80,364
up €80,364 (+285.6%), from €28,143 to €108,508
- Cash -€72,756
down €72,756 (-5.3%), from €1.4m to €1.3m
mainly Investment in fixed assets (net) (-€871,604) and Provisions (-€353,742)
Equity and liabilities
- Provisions -€353,742
down €353,742 (-14.7%), from €2.4m to €2.1m
of which Provisions for liabilities and charges: -€363,944
- Debts after one year +€227,431
up €227,431 (+54.2%), from €419,259 to €646,690
- Reserves +€200,268
up €200,268 (+15.1%), from €1.3m to €1.5m
of which Distributable reserves: +€169,664
- Trade debts +€72,838
up €72,838 (+9.3%), from €780,448 to €853,287
- Current portion of long-term debt +€69,817
up €69,817 (+28.0%), from €249,170 to €318,987
Income statement
- Purchases and services +€1.4m
up €1.4m (+48.8%), from €2.8m to €4.1m
- Gross operating margin -€1.1m
down €1.1m (-45.4%), from €2.4m to €1.3m
- Provisions -€902,082
down €902,082, from €538,138 to -€363,944
- Turnover +€540,830
up €540,830 (+10.8%), from €5.0m to €5.5m
- Write-downs -€215,517
down €215,517, from €65,243 to -€150,274
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
€332,413
Gross operating margin
-€1.1m
Staff costs
-€131,252
Depreciation
-€78,859
Write-downs
+€215,517
Provisions
+€902,082
Other operating charges
-€33,172
Other operating items
-€500
Financial income
+€35,477
Financial charges
-€10,867
Taxes
+€72,622
Deferred taxes and other
-€10,202
Result 2024
€220,268
Cash bridge derived
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
+€521,599
Investment
-€871,603
Financing
+€277,248
Cash 2023
€1.4m
From operations (derived)
+€521,599
Net result for the year
+€220,268
Depreciation
+€446,840
Stocks and contracts
+€61,971
Receivables within one year
+€54,975
Deferred charges and accrued income
+€11,268
Provisions
-€353,742
Trade debts
+€72,838
Tax, wage and social debts
+€29,171
Advances received
-€16,992
Other debts
-€5,000
Investment (derived)
-€871,603
Investment in fixed assets (net)
-€871,604
Current investments
+€0
Financing
+€277,248
Debts after one year
+€227,431
Current portion of long-term debt
+€69,817
Contributions, distributions and other
-€20,000
Cash 2024
€1.3m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,289,765 | €6,513,558 | +€223,792 | +3.6% |
| Fixed assets | 21/28 | €2,206,418 | €2,631,181 | +€424,763 | +19.3% |
| Intangible fixed assets | 21 | €28,143 | €108,508 | +€80,364 | +285.6% |
| Tangible fixed assets | 22/27 | €1,958,696 | €2,303,095 | +€344,399 | +17.6% |
| Land and buildings | 22 | €1,137,606 | €1,227,066 | +€89,459 | +7.9% |
| Plant, machinery and equipment | 23 | €188,387 | €191,425 | +€3,038 | +1.6% |
| Furniture and vehicles | 24 | €17,993 | €12,008 | -€5,985 | -33.3% |
| Leasing and similar rights | 25 | €614,710 | €872,596 | +€257,886 | +42.0% |
| Financial fixed assets | 28 | €219,579 | €219,579 | = | 0.0% |
| Current assets | 29/58 | €4,083,347 | €3,882,376 | -€200,971 | -4.9% |
| Stocks and contracts in progress | 3 | €270,675 | €208,704 | -€61,971 | -22.9% |
| Stocks | 30/36 | €270,675 | €208,704 | -€61,971 | -22.9% |
| Amounts receivable within one year | 40/41 | €1,552,669 | €1,497,693 | -€54,975 | -3.5% |
| Trade receivables | 40 | €1,407,833 | €1,342,348 | -€65,485 | -4.7% |
| Other amounts receivable | 41 | €144,836 | €155,345 | +€10,509 | +7.3% |
| Current investments | 50/53 | €841,500 | €841,499 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,367,982 | €1,295,226 | -€72,756 | -5.3% |
| Deferred charges and accrued income | 490/1 | €50,522 | €39,254 | -€11,268 | -22.3% |
| Total equity and liabilities | 10/49 | €6,289,765 | €6,513,558 | +€223,792 | +3.6% |
| Equity | 10/15 | €2,330,750 | €2,531,018 | +€200,268 | +8.6% |
| Contributions | 10/11 | €991,574 | €991,574 | = | 0.0% |
| Capital | 10 | €991,574 | €991,574 | = | 0.0% |
| Issued capital | 100 | €991,574 | €991,574 | = | 0.0% |
| Reserves | 13 | €1,322,653 | €1,522,921 | +€200,268 | +15.1% |
| Non-distributable reserves | 130/1 | €207,132 | €207,132 | = | 0.0% |
| Legal reserve | 130 | €99,157 | €99,157 | = | 0.0% |
| Own shares acquired | 1312 | €101,500 | €101,500 | = | 0.0% |
| Other | 1319 | €6,475 | €6,475 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €30,605 | +€30,605 | |
| Distributable reserves | 133 | €1,115,521 | €1,285,185 | +€169,664 | +15.2% |
| Investment grants | 15 | €16,523 | €16,523 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,410,210 | €2,056,468 | -€353,742 | -14.7% |
| Provisions for liabilities and charges | 160/5 | €2,401,624 | €2,037,680 | -€363,944 | -15.2% |
| Other liabilities and charges | 164/5 | €2,401,624 | €2,037,680 | -€363,944 | -15.2% |
| Deferred taxes | 168 | €8,586 | €18,788 | +€10,202 | +118.8% |
| Amounts payable | 17/49 | €1,548,806 | €1,926,072 | +€377,266 | +24.4% |
| Amounts payable after more than one year | 17 | €419,259 | €646,690 | +€227,431 | +54.2% |
| Financial debts | 170/4 | €419,259 | €646,690 | +€227,431 | +54.2% |
| Amounts payable within one year | 42/48 | €1,129,547 | €1,279,382 | +€149,835 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €249,170 | €318,987 | +€69,817 | +28.0% |
| Trade debts | 44 | €780,448 | €853,287 | +€72,838 | +9.3% |
| Suppliers | 440/4 | €780,448 | €853,287 | +€72,838 | +9.3% |
| Advances received on contracts in progress | 46 | €17,509 | €517 | -€16,992 | -97.0% |
| Taxes, remuneration and social security | 45 | €57,420 | €86,591 | +€29,171 | +50.8% |
| Taxes | 450/3 | €4,356 | €5,980 | +€1,624 | +37.3% |
| Remuneration and social security | 454/9 | €53,063 | €80,610 | +€27,547 | +51.9% |
| Other amounts payable | 47/48 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Turnover | 70 | €4,996,279 | €5,537,109 | +€540,830 | +10.8% |
| Non-recurring operating income | 76A | €0 | €50,000 | +€50,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,786,084 | €4,145,658 | +€1.4m | +48.8% |
| Remuneration, social security and pensions | 62 | €912,723 | €1,043,975 | +€131,252 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367,982 | €446,840 | +€78,859 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,243 | -€150,274 | -€215,517 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €538,138 | -€363,944 | -€902,082 | |
| Other operating charges | 640/8 | €34,665 | €67,837 | +€33,172 | +95.7% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €2,361,146 | €1,288,156 | -€1.1m | -45.4% |
| Operating profit (loss) | 9901 | €442,395 | €243,221 | -€199,174 | -45.0% |
| Financial income | 75/76B | €33,097 | €68,574 | +€35,477 | +107.2% |
| Recurring financial income | 75 | €33,097 | €68,574 | +€35,477 | +107.2% |
| Financial charges | 65/66B | €36,208 | €47,075 | +€10,867 | +30.0% |
| Recurring financial charges | 65 | €34,555 | €47,075 | +€12,520 | +36.2% |
| Non-recurring financial charges | 66B | €1,653 | - | -€1,653 | |
| Profit (loss) for the period before taxes | 9903 | €439,284 | €264,720 | -€174,564 | -39.7% |
| Transfer from deferred taxes | 780 | - | €2,298 | +€2,298 | |
| Transfer to deferred taxes | 680 | - | €12,500 | +€12,500 | |
| Income taxes | 67/77 | €106,872 | €34,250 | -€72,622 | -68.0% |
| Profit (loss) for the period | 9904 | €332,413 | €220,268 | -€112,144 | -33.7% |
| Transfer from tax-exempt reserves | 789 | - | €6,895 | +€6,895 | |
| Transfer to tax-exempt reserves | 689 | - | €37,500 | +€37,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €332,413 | €189,664 | -€142,749 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.