RECYTERRE: 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
RECYTERRE
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,963
2024 · €36,643-€80,605
Equity
€537,395
2024 · €583,803-€46,407
Cash
€101,205
2024 · €105,452-€4,247
Balance sheet total
€3.1m
2024 · €2.8m+€258,830
Largest movements
Assets
- Receivables within one year +€349,132
up €349,132 (+23.3%), from €1.5m to €1.8m
of which Trade receivables: +€358,166
- Tangible fixed assets -€147,321
down €147,321 (-28.8%), from €511,506 to €364,184
of which Leasing and similar rights: -€80,895
- Stocks and contracts +€63,146
up €63,146 (+9.3%), from €681,328 to €744,474
Equity and liabilities
- Short-term financial debts +€388,599
up €388,599 (+107.2%), from €362,330 to €750,929
- Debts after one year -€146,193
down €146,193 (-53.4%), from €273,684 to €127,491
of which Financial debts: -€146,193
- Trade debts +€49,697
up €49,697 (+4.1%), from €1.2m to €1.3m
- Profit (loss) carried forward -€43,963
down €43,963 (-11.1%), from €394,293 to €350,330
Income statement
- Staff costs +€146,646
up €146,646 (+14.9%), from €986,016 to €1.1m
- Gross operating margin +€60,850
up €60,850 (+4.6%), from €1.3m to €1.4m
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
€36,643
Gross operating margin
+€60,850
Staff costs
-€146,646
Depreciation
+€5,879
Write-downs
-€2,692
Other operating charges
-€4,787
Financial income
+€372
Financial charges
+€8,152
Taxes
-€1,732
Result 2025
-€43,963
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
-€203,647
Investment
-€29,131
Financing
+€228,532
Cash 2024
€105,452
From operations (derived)
-€203,647
Net result for the year
-€43,963
Depreciation
+€177,526
Stocks and contracts
-€63,146
Receivables within one year
-€349,132
Deferred charges and accrued income
+€807
Trade debts
+€49,697
Tax, wage and social debts
+€24,564
Investment (derived)
-€29,131
Investment in fixed assets (net)
-€29,131
Financing
+€228,532
Debts after one year
-€146,193
Current portion of long-term debt
-€11,430
Short-term financial debts
+€388,599
Contributions, distributions and other
-€2,445
Cash 2025
€101,205
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,822,918 | €3,081,748 | +€258,830 | +9.2% |
| Fixed assets | 21/28 | €513,500 | €365,105 | -€148,394 | -28.9% |
| Intangible fixed assets | 21 | €1,994 | €921 | -€1,073 | -53.8% |
| Tangible fixed assets | 22/27 | €511,506 | €364,184 | -€147,321 | -28.8% |
| Land and buildings | 22 | €195,240 | €175,414 | -€19,827 | -10.2% |
| Plant, machinery and equipment | 23 | €168,390 | €123,431 | -€44,959 | -26.7% |
| Furniture and vehicles | 24 | €18,196 | €16,555 | -€1,641 | -9.0% |
| Leasing and similar rights | 25 | €129,679 | €48,785 | -€80,895 | -62.4% |
| Current assets | 29/58 | €2,309,419 | €2,716,643 | +€407,224 | +17.6% |
| Stocks and contracts in progress | 3 | €681,328 | €744,474 | +€63,146 | +9.3% |
| Contracts in progress | 37 | €681,328 | €744,474 | +€63,146 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,500,007 | €1,849,139 | +€349,132 | +23.3% |
| Trade receivables | 40 | €1,454,642 | €1,812,808 | +€358,166 | +24.6% |
| Other amounts receivable | 41 | €45,365 | €36,331 | -€9,034 | -19.9% |
| Cash at bank and in hand | 54/58 | €105,452 | €101,205 | -€4,247 | -4.0% |
| Deferred charges and accrued income | 490/1 | €22,632 | €21,825 | -€807 | -3.6% |
| Total equity and liabilities | 10/49 | €2,822,918 | €3,081,748 | +€258,830 | +9.2% |
| Equity | 10/15 | €583,803 | €537,395 | -€46,407 | -7.9% |
| Contributions | 10/11 | €152,455 | €152,455 | = | 0.0% |
| Capital | 10 | €152,455 | €152,455 | = | 0.0% |
| Issued capital | 100 | €152,455 | €152,455 | = | 0.0% |
| Reserves | 13 | €21,445 | €21,445 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,445 | €21,445 | = | 0.0% |
| Legal reserve | 130 | €21,445 | €21,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,293 | €350,330 | -€43,963 | -11.1% |
| Investment grants | 15 | €15,610 | €13,165 | -€2,445 | -15.7% |
| Amounts payable | 17/49 | €2,239,116 | €2,544,353 | +€305,237 | +13.6% |
| Amounts payable after more than one year | 17 | €273,684 | €127,491 | -€146,193 | -53.4% |
| Financial debts | 170/4 | €268,354 | €122,161 | -€146,193 | -54.5% |
| Other amounts payable | 178/9 | €5,330 | €5,330 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,965,432 | €2,416,862 | +€451,430 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €235,841 | €224,412 | -€11,430 | -4.8% |
| Financial debts | 43 | €362,330 | €750,929 | +€388,599 | +107.2% |
| Credit institutions | 430/8 | €362,330 | €750,929 | +€388,599 | +107.2% |
| Trade debts | 44 | €1,210,029 | €1,259,726 | +€49,697 | +4.1% |
| Suppliers | 440/4 | €1,210,029 | €1,259,726 | +€49,697 | +4.1% |
| Taxes, remuneration and social security | 45 | €156,968 | €181,531 | +€24,564 | +15.6% |
| Taxes | 450/3 | €19,172 | €31,536 | +€12,364 | +64.5% |
| Remuneration and social security | 454/9 | €137,796 | €149,996 | +€12,199 | +8.9% |
| Other amounts payable | 47/48 | €263 | €263 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €986,016 | €1,132,662 | +€146,646 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,404 | €177,526 | -€5,879 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,692 | +€2,692 | |
| Other operating charges | 640/8 | €44,225 | €49,012 | +€4,787 | +10.8% |
| Gross operating margin | 9900 | €1,313,820 | €1,374,669 | +€60,850 | +4.6% |
| Operating profit (loss) | 9901 | €100,175 | €12,777 | -€87,397 | -87.2% |
| Financial income | 75/76B | €11,970 | €12,342 | +€372 | +3.1% |
| Recurring financial income | 75 | €11,970 | €12,342 | +€372 | +3.1% |
| Financial charges | 65/66B | €73,694 | €65,542 | -€8,152 | -11.1% |
| Recurring financial charges | 65 | €73,694 | €65,542 | -€8,152 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €38,451 | -€40,422 | -€78,873 | |
| Income taxes | 67/77 | €1,808 | €3,540 | +€1,732 | +95.8% |
| Profit (loss) for the period | 9904 | €36,643 | -€43,963 | -€80,605 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,643 | -€43,963 | -€80,605 |
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 3 October 2026 via checked.be.