RECYROM: 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
RECYROM
NACE 38.110, Waste collection, recovery and disposal activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€226,722
2024 · €268,198-€41,476
Equity
€432,791
2024 · €1.1m-€703,910
Cash
€133,111
2024 · €104,912+€28,199
Balance sheet total
€5.5m
2024 · €5.4m+€136,817
Largest movements
Assets
- Receivables within one year +€654,990
up €654,990 (+60.0%), from €1.1m to €1.7m
of which Other amounts receivable: +€607,701
- Deferred charges and accrued income -€430,928
down €430,928 (-95.1%), from €452,951 to €22,023
- Tangible fixed assets -€106,450
down €106,450 (-2.9%), from €3.7m to €3.6m
of which Land and buildings: -€64,868
Equity and liabilities
- Other debts +€945,000
new in 2025: €945,000
- Profit (loss) carried forward -€718,278
down €718,278 (-82.9%), from €866,064 to €147,786
- Debts after one year -€130,133
down €130,133 (-6.1%), from €2.1m to €2.0m
Income statement
- Gross operating margin +€410,575
up €410,575 (+28.3%), from €1.4m to €1.9m
- Staff costs +€120,007
up €120,007 (+30.9%), from €387,906 to €507,913
- Depreciation +€96,616
up €96,616 (+22.6%), from €428,235 to €524,851
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
€268,198
Gross operating margin
+€410,575
Staff costs
-€120,007
Depreciation
-€96,616
Write-downs
-€17,672
Other operating charges
-€2,834
Other operating items
-€219,888
Financial income
+€17,390
Financial charges
+€1,196
Taxes
-€13,620
Result 2025
€226,722
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€1.5m
Investment
-€418,401
Financing
-€1.0m
Cash 2024
€104,912
From operations (derived)
+€1.5m
Net result for the year
+€226,722
Depreciation
+€524,851
Stocks and contracts
+€8,995
Receivables within one year
-€654,990
Deferred charges and accrued income
+€430,928
Trade debts
-€2,814
Tax, wage and social debts
+€47,848
Other debts
+€945,000
Accrued charges and deferred income
-€48,604
Investment (derived)
-€418,401
Investment in fixed assets (net)
-€418,401
Financing
-€1.0m
Debts after one year
-€130,133
Current portion of long-term debt
+€29,431
Contributions, distributions and other
-€930,632
Cash 2025
€133,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,375,924 | €5,512,740 | +€136,817 | +2.5% |
| Fixed assets | 21/28 | €3,690,208 | €3,583,758 | -€106,450 | -2.9% |
| Tangible fixed assets | 22/27 | €3,679,948 | €3,573,498 | -€106,450 | -2.9% |
| Land and buildings | 22 | €2,070,314 | €2,005,446 | -€64,868 | -3.1% |
| Plant, machinery and equipment | 23 | €189,643 | €193,211 | +€3,568 | +1.9% |
| Furniture and vehicles | 24 | €115,769 | €88,107 | -€27,661 | -23.9% |
| Leasing and similar rights | 25 | €1,304,222 | €1,286,734 | -€17,488 | -1.3% |
| Financial fixed assets | 28 | €10,260 | €10,260 | = | 0.0% |
| Current assets | 29/58 | €1,685,716 | €1,928,983 | +€243,267 | +14.4% |
| Stocks and contracts in progress | 3 | €36,469 | €27,474 | -€8,995 | -24.7% |
| Stocks | 30/36 | €36,469 | €27,474 | -€8,995 | -24.7% |
| Amounts receivable within one year | 40/41 | €1,091,384 | €1,746,374 | +€654,990 | +60.0% |
| Trade receivables | 40 | €720,844 | €768,133 | +€47,289 | +6.6% |
| Other amounts receivable | 41 | €370,540 | €978,241 | +€607,701 | +164% |
| Cash at bank and in hand | 54/58 | €104,912 | €133,111 | +€28,199 | +26.9% |
| Deferred charges and accrued income | 490/1 | €452,951 | €22,023 | -€430,928 | -95.1% |
| Total equity and liabilities | 10/49 | €5,375,924 | €5,512,740 | +€136,817 | +2.5% |
| Equity | 10/15 | €1,136,701 | €432,791 | -€703,910 | -61.9% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Capital | 10 | €79,000 | €79,000 | = | 0.0% |
| Issued capital | 100 | €79,000 | €79,000 | = | 0.0% |
| Reserves | 13 | €7,900 | €7,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,900 | €7,900 | = | 0.0% |
| Legal reserve | 130 | €7,900 | €7,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €866,064 | €147,786 | -€718,278 | -82.9% |
| Investment grants | 15 | €183,737 | €198,105 | +€14,368 | +7.8% |
| Amounts payable | 17/49 | €4,239,223 | €5,079,949 | +€840,727 | +19.8% |
| Amounts payable after more than one year | 17 | €2,123,687 | €1,993,554 | -€130,133 | -6.1% |
| Financial debts | 170/4 | €2,123,687 | €1,993,554 | -€130,133 | -6.1% |
| Amounts payable within one year | 42/48 | €2,018,515 | €3,037,979 | +€1.0m | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €574,227 | €603,658 | +€29,431 | +5.1% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €1,152,265 | €1,149,451 | -€2,814 | -0.2% |
| Suppliers | 440/4 | €1,152,265 | €1,149,451 | -€2,814 | -0.2% |
| Taxes, remuneration and social security | 45 | €42,023 | €89,870 | +€47,848 | +114% |
| Taxes | 450/3 | €5,422 | €14,904 | +€9,482 | +175% |
| Remuneration and social security | 454/9 | €36,600 | €74,966 | +€38,366 | +105% |
| Other amounts payable | 47/48 | - | €945,000 | +€945,000 | |
| Accrued charges and deferred income | 492/3 | €97,021 | €48,416 | -€48,604 | -50.1% |
| Non-recurring operating income | 76A | €409,584 | €884,257 | +€474,673 | +116% |
| Remuneration, social security and pensions | 62 | €387,906 | €507,913 | +€120,007 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428,235 | €524,851 | +€96,616 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,672 | +€17,672 | |
| Other operating charges | 640/8 | €17,586 | €20,421 | +€2,834 | +16.1% |
| Non-recurring operating charges | 66A | €231,309 | €451,197 | +€219,888 | +95.1% |
| Gross operating margin | 9900 | €1,449,356 | €1,859,931 | +€410,575 | +28.3% |
| Operating profit (loss) | 9901 | €384,320 | €337,878 | -€46,442 | -12.1% |
| Financial income | 75/76B | €15,311 | €32,702 | +€17,390 | +114% |
| Recurring financial income | 75 | €15,311 | €32,702 | +€17,390 | +114% |
| Financial charges | 65/66B | €78,192 | €76,996 | -€1,196 | -1.5% |
| Recurring financial charges | 65 | €78,192 | €76,996 | -€1,196 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €321,440 | €293,584 | -€27,856 | -8.7% |
| Income taxes | 67/77 | €53,242 | €66,862 | +€13,620 | +25.6% |
| Profit (loss) for the period | 9904 | €268,198 | €226,722 | -€41,476 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €268,198 | €226,722 | -€41,476 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.