Recymo Wallonie: 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.
Recymo Wallonie
Largest movements
- Receivables within one year +€926,986
up €926,986 (+510%), from €181,838 to €1.1m
of which Trade receivables: +€918,919
- Tangible fixed assets +€592,364
new in 2026: €592,364
of which Plant, machinery and equipment: +€323,541
- Cash +€78,881
up €78,881 (+116%), from €67,915 to €146,796
mainly Trade debts (+€999,650) and Debts after one year (+€406,276)
- Stocks and contracts -€35,600
down €35,600 (-40.3%), from €88,250 to €52,650
- Trade debts +€999,650
up €999,650 (+2,571%), from €38,882 to €1.0m
of which Suppliers: +€966,088
- Debts after one year +€406,276
up €406,276 (+2,642%), from €15,377 to €421,653
of which Financial debts: +€414,276
- Reserves +€287,000
up €287,000 (+4,629%), from €6,200 to €293,200
of which Distributable reserves: +€287,000
- Profit (loss) carried forward -€122,997
down €122,997 (-99.2%), from €123,988 to €991
- Other debts -€103,264
down €103,264 (-100%), from €103,264 to €0
- Gross operating margin +€213,704
up €213,704 (+354%), from €60,350 to €274,054
- Taxes +€42,185
up €42,185 (+763%), from €5,531 to €47,716
- Depreciation +€36,804
new in 2026: €36,804
- Write-downs +€27,995
up €27,995 (+96.8%), from -€28,930 to -€934
- Other operating charges -€19,488
down €19,488 (-63.9%), from €30,488 to €11,000
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,412 | €1,922,086 | +€1.6m | +436% |
| Fixed assets | 21/28 | €10,535 | €608,374 | +€597,838 | +5,675% |
| Intangible fixed assets | 21 | - | €1,773 | +€1,773 | |
| Tangible fixed assets | 22/27 | - | €592,364 | +€592,364 | |
| Plant, machinery and equipment | 23 | - | €323,541 | +€323,541 | |
| Furniture and vehicles | 24 | - | €41,281 | +€41,281 | |
| Other tangible fixed assets | 26 | - | €227,543 | +€227,543 | |
| Financial fixed assets | 28 | €10,535 | €14,236 | +€3,701 | +35.1% |
| Current assets | 29/58 | €347,876 | €1,313,712 | +€965,836 | +278% |
| Stocks and contracts in progress | 3 | €88,250 | €52,650 | -€35,600 | -40.3% |
| Stocks | 30/36 | €88,250 | €52,650 | -€35,600 | -40.3% |
| Amounts receivable within one year | 40/41 | €181,838 | €1,108,824 | +€926,986 | +510% |
| Trade receivables | 40 | €180,301 | €1,099,220 | +€918,919 | +510% |
| Other amounts receivable | 41 | €1,537 | €9,604 | +€8,067 | +525% |
| Cash at bank and in hand | 54/58 | €67,915 | €146,796 | +€78,881 | +116% |
| Deferred charges and accrued income | 490/1 | €9,874 | €5,443 | -€4,431 | -44.9% |
| Total equity and liabilities | 10/49 | €358,412 | €1,922,086 | +€1.6m | +436% |
| Equity | 10/15 | €192,188 | €356,191 | +€164,003 | +85.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €293,200 | +€287,000 | +4,629% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €287,000 | +€287,000 | |
| Profit (loss) carried forward | 14 | €123,988 | €991 | -€122,997 | -99.2% |
| Amounts payable | 17/49 | €166,224 | €1,565,895 | +€1.4m | +842% |
| Amounts payable after more than one year | 17 | €15,377 | €421,653 | +€406,276 | +2,642% |
| Financial debts | 170/4 | - | €414,276 | +€414,276 | |
| Other amounts payable | 178/9 | €15,377 | €7,377 | -€8,000 | -52.0% |
| Amounts payable within one year | 42/48 | €150,847 | €1,144,242 | +€993,395 | +659% |
| Current portion of amounts payable after more than one year | 42 | - | €36,135 | +€36,135 | |
| Trade debts | 44 | €38,882 | €1,038,532 | +€999,650 | +2,571% |
| Suppliers | 440/4 | €38,882 | €1,004,969 | +€966,088 | +2,485% |
| Bills of exchange payable | 441 | - | €33,563 | +€33,563 | |
| Taxes, remuneration and social security | 45 | €8,701 | €69,575 | +€60,873 | +700% |
| Taxes | 450/3 | €3,181 | €69,575 | +€66,394 | +2,087% |
| Remuneration and social security | 454/9 | €5,520 | €0 | -€5,520 | -100% |
| Other amounts payable | 47/48 | €103,264 | €0 | -€103,264 | -100% |
| Remuneration, social security and pensions | 62 | €22,029 | €3,585 | -€18,444 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €36,804 | +€36,804 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,930 | -€934 | +€27,995 | +96.8% |
| Other operating charges | 640/8 | €30,488 | €11,000 | -€19,488 | -63.9% |
| Non-recurring operating charges | 66A | €15,476 | €0 | -€15,476 | -100% |
| Gross operating margin | 9900 | €60,350 | €274,054 | +€213,704 | +354% |
| Operating profit (loss) | 9901 | €21,287 | €223,599 | +€202,312 | +950% |
| Financial income | 75/76B | €2 | €873 | +€871 | +43,574% |
| Recurring financial income | 75 | €2 | €873 | +€871 | +43,574% |
| Financial charges | 65/66B | €494 | €12,753 | +€12,259 | +2,480% |
| Recurring financial charges | 65 | €494 | €12,753 | +€12,259 | +2,480% |
| Profit (loss) for the period before taxes | 9903 | €20,795 | €211,719 | +€190,924 | +918% |
| Income taxes | 67/77 | €5,531 | €47,716 | +€42,185 | +763% |
| Profit (loss) for the period | 9904 | €15,263 | €164,003 | +€148,740 | +974% |
| Profit (loss) for the period to be appropriated | 9905 | €15,263 | €164,003 | +€148,740 | +974% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.