Recytyre: 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
Recytyre
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · -€978,565+€2.7m
Equity
€34.4m
2024 · €32.7m+€1.8m
Cash
€10.3m
2024 · €20.1m-€9.7m
Balance sheet total
€45.1m
2024 · €44.0m+€1.1m
Largest movements
Assets
- Current investments +€11.2m
up €11.2m (+84.1%), from €13.4m to €24.6m
- Cash -€9.7m
down €9.7m (-48.5%), from €20.1m to €10.3m
mainly Current investments (-€11.2m) and Investment in fixed assets (net) (-€744,325)
Equity and liabilities
- Profit (loss) carried forward +€1.8m
up €1.8m (+5.4%), from €32.7m to €34.4m
- Trade debts -€643,507
down €643,507 (-6.0%), from €10.7m to €10.0m
of which Suppliers: -€630,727
Income statement
- Services and other goods -€3.0m
down €3.0m (-9.7%), from €30.6m to €27.6m
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
-€978,565
Turnover
+€90,017
Other operating income
+€53,361
Services and other goods
+€3.0m
Staff costs
-€233,256
Depreciation
-€231,115
Write-downs
-€29,352
Other operating charges
+€114,268
Other operating items
+€250,000
Financial income
-€231,543
Financial charges
-€12,921
Result 2025
€1.8m
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
+€2.2m
Investment
-€12.0m
Financing
+€385
Cash 2024
€20.1m
From operations (derived)
+€2.2m
Net result for the year
+€1.8m
Depreciation
+€573,825
Receivables within one year
+€440,035
Deferred charges and accrued income
+€68,304
Trade debts
-€643,507
Tax, wage and social debts
+€70,950
Accrued charges and deferred income
-€33,469
Investment (derived)
-€12.0m
Investment in fixed assets (net)
-€744,325
Current investments
-€11.2m
Financing
+€385
Short-term financial debts
+€385
Cash 2025
€10.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,973,743 | €45,120,801 | +€1.1m | +2.6% |
| Fixed assets | 21/28 | €1,019,069 | €1,189,568 | +€170,499 | +16.7% |
| Intangible fixed assets | 21 | €1,016,148 | €1,178,504 | +€162,355 | +16.0% |
| Tangible fixed assets | 22/27 | €2,920 | €11,064 | +€8,144 | +279% |
| Plant, machinery and equipment | 23 | €2,920 | €11,064 | +€8,144 | +279% |
| Current assets | 29/58 | €42,954,674 | €43,931,234 | +€976,559 | +2.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,127,253 | €8,687,218 | -€440,035 | -4.8% |
| Trade receivables | 40 | €9,127,253 | €8,687,218 | -€440,035 | -4.8% |
| Current investments | 50/53 | €13,356,002 | €24,586,078 | +€11.2m | +84.1% |
| Cash at bank and in hand | 54/58 | €20,087,114 | €10,341,936 | -€9.7m | -48.5% |
| Deferred charges and accrued income | 490/1 | €384,305 | €316,001 | -€68,304 | -17.8% |
| Total equity and liabilities | 10/49 | €43,973,743 | €45,120,801 | +€1.1m | +2.6% |
| Equity | 10/15 | €32,660,291 | €34,412,991 | +€1.8m | +5.4% |
| Profit (loss) carried forward | 14 | €32,660,291 | €34,412,991 | +€1.8m | +5.4% |
| Amounts payable | 17/49 | €11,313,453 | €10,707,810 | -€605,642 | -5.4% |
| Amounts payable within one year | 42/48 | €11,206,351 | €10,634,178 | -€572,173 | -5.1% |
| Financial debts | 43 | - | €385 | +€385 | |
| Credit institutions | 430/8 | - | €385 | +€385 | |
| Trade debts | 44 | €10,652,387 | €10,008,880 | -€643,507 | -6.0% |
| Suppliers | 440/4 | €10,357,441 | €9,726,713 | -€630,727 | -6.1% |
| Bills of exchange payable | 441 | €294,947 | €282,167 | -€12,780 | -4.3% |
| Taxes, remuneration and social security | 45 | €553,963 | €624,913 | +€70,950 | +12.8% |
| Taxes | 450/3 | €332,926 | €265,417 | -€67,508 | -20.3% |
| Remuneration and social security | 454/9 | €221,037 | €359,495 | +€138,458 | +62.6% |
| Accrued charges and deferred income | 492/3 | €107,102 | €73,633 | -€33,469 | -31.3% |
| Operating income | 70/76A | €32,290,414 | €32,433,792 | +€143,378 | +0.4% |
| Turnover | 70 | €32,233,522 | €32,323,539 | +€90,017 | +0.3% |
| Other operating income | 74 | €56,892 | €110,253 | +€53,361 | +93.8% |
| Operating charges | 60/66A | €34,023,814 | €31,191,462 | -€2.8m | -8.3% |
| Services and other goods | 61 | €30,594,849 | €27,633,042 | -€3.0m | -9.7% |
| Remuneration, social security and pensions | 62 | €1,604,400 | €1,837,655 | +€233,256 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,710 | €573,825 | +€231,115 | +67.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €116,648 | €146,000 | +€29,352 | +25.2% |
| Other operating charges | 640/8 | €365,207 | €250,939 | -€114,268 | -31.3% |
| Non-recurring operating charges | 66A | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Operating profit (loss) | 9901 | -€1,733,400 | €1,242,330 | +€3.0m | |
| Financial income | 75/76B | €762,836 | €531,292 | -€231,543 | -30.4% |
| Recurring financial income | 75 | €761,036 | €531,292 | -€229,743 | -30.2% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €759,022 | €531,154 | -€227,868 | -30.0% |
| Other financial income | 752/9 | €2,014 | €138 | -€1,876 | -93.1% |
| Non-recurring financial income | 76B | €1,800 | €0 | -€1,800 | -100% |
| Financial charges | 65/66B | €8,001 | €20,922 | +€12,921 | +161% |
| Recurring financial charges | 65 | €8,001 | €20,922 | +€12,921 | +161% |
| Other financial charges | 652/9 | €8,001 | €20,922 | +€12,921 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€978,565 | €1,752,701 | +€2.7m | |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€978,565 | €1,752,701 | +€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€978,565 | €1,752,701 | +€2.7m |
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 14 October 2026 via checked.be.