RESET: 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
RESET
NACE 38.210, Materials recovery from waste
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€19,665
2024 · €134,396-€114,731
Equity
€8.3m
2024 · €8.3m-€37,692
Cash
€3.3m
2024 · €1.1m+€2.2m
Balance sheet total
€12.2m
2024 · €12.0m+€216,788
Largest movements
Assets
- Cash +€2.2m
up €2.2m (+213.4%), from €1.1m to €3.3m
mainly Current investments (+€1.8m) and Depreciation (+€803,578)
- Current investments -€1.8m
no longer reported in 2025 (was €1.8m)
- Receivables within one year -€346,474
down €346,474 (-50.5%), from €686,434 to €339,960
of which Trade receivables: -€204,104
- Tangible fixed assets +€178,841
up €178,841 (+2.3%), from €7.9m to €8.1m
of which Assets under construction and advance payments: +€314,091
Equity and liabilities
- Reserves +€1.0m
up €1.0m (+20.0%), from €5.1m to €6.2m
- Profit (loss) carried forward -€1.0m
down €1.0m (-42.6%), from €2.4m to €1.4m
- Debts after one year +€169,370
up €169,370 (+8.5%), from €2.0m to €2.2m
Income statement
- Staff costs +€640,865
up €640,865 (+8.7%), from €7.4m to €8.0m
- Turnover +€604,512
up €604,512 (+11.1%), from €5.5m to €6.1m
- Goods and materials +€120,593
up €120,593 (+373.3%), from €32,304 to €152,897
of which Change in stocks: decrease (increase): +€112,402
- Depreciation +€104,476
up €104,476 (+14.9%), from €699,102 to €803,578
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
€134,396
Turnover
+€604,512
Other operating income
-€40,442
Goods and materials
-€120,593
Services and other goods
+€3,319
Staff costs
-€640,865
Depreciation
-€104,476
Other operating charges
+€4,675
Other operating items
+€202,585
Financial income
+€14,173
Financial charges
-€33,342
Taxes
-€4,277
Result 2025
€19,665
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
+€1.4m
Investment
+€767,131
Financing
+€112,013
Cash 2024
€1.1m
From operations (derived)
+€1.4m
Net result for the year
+€19,665
Depreciation
+€803,578
Receivables after one year
-€101
Stocks and contracts
+€28,175
Receivables within one year
+€346,474
Deferred charges and accrued income
+€85,840
Debts within one year
+€67,715
Accrued charges and deferred income
+€17,395
Investment (derived)
+€767,131
Investment in fixed assets (net)
-€982,869
Current investments
+€1.8m
Financing
+€112,013
Debts after one year
+€169,370
Contributions, distributions and other
-€57,357
Cash 2025
€3.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,953,656 | €12,170,444 | +€216,788 | +1.8% |
| Fixed assets | 21/28 | €7,962,409 | €8,141,700 | +€179,291 | +2.3% |
| Tangible fixed assets | 22/27 | €7,922,584 | €8,101,425 | +€178,841 | +2.3% |
| Land and buildings | 22 | €7,210,740 | €7,055,792 | -€154,948 | -2.1% |
| Plant, machinery and equipment | 23 | €292,601 | €312,734 | +€20,133 | +6.9% |
| Furniture and vehicles | 24 | €419,243 | €418,808 | -€435 | -0.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €314,091 | +€314,091 | |
| Financial fixed assets | 28 | €39,825 | €40,275 | +€450 | +1.1% |
| Other financial fixed assets | 284/8 | €39,825 | €40,275 | +€450 | +1.1% |
| Amounts receivable and cash guarantees | 285/8 | €39,825 | €40,275 | +€450 | +1.1% |
| Current assets | 29/58 | €3,991,247 | €4,028,744 | +€37,497 | +0.9% |
| Amounts receivable after more than one year | 29 | €7,819 | €7,920 | +€101 | +1.3% |
| Other amounts receivable | 291 | €7,819 | €7,920 | +€101 | +1.3% |
| Stocks and contracts in progress | 3 | €348,888 | €320,713 | -€28,175 | -8.1% |
| Stocks | 30/36 | €348,888 | €320,713 | -€28,175 | -8.1% |
| Finished goods | 33 | €348,888 | €320,713 | -€28,175 | -8.1% |
| Amounts receivable within one year | 40/41 | €686,434 | €339,960 | -€346,474 | -50.5% |
| Trade receivables | 40 | €397,610 | €193,506 | -€204,104 | -51.3% |
| Other amounts receivable | 41 | €288,824 | €146,454 | -€142,370 | -49.3% |
| Current investments | 50/53 | €1,750,000 | - | -€1.8m | |
| Cash at bank and in hand | 54/58 | €1,053,386 | €3,301,271 | +€2.2m | +213.4% |
| Deferred charges and accrued income | 490/1 | €144,720 | €58,880 | -€85,840 | -59.3% |
| Total equity and liabilities | 10/49 | €11,953,656 | €12,170,444 | +€216,788 | +1.8% |
| Equity | 10/15 | €8,313,051 | €8,275,359 | -€37,692 | -0.5% |
| Contributions | 10/11 | €161,283 | €161,283 | = | 0.0% |
| Capital | 10 | €161,283 | €161,283 | = | 0.0% |
| Reserves | 13 | €5,146,369 | €6,175,000 | +€1.0m | +20.0% |
| Profit (loss) carried forward | 14 | €2,367,928 | €1,358,963 | -€1.0m | -42.6% |
| Investment grants | 15 | €637,471 | €580,113 | -€57,358 | -9.0% |
| Provisions and deferred taxes | 16 | €4,776 | €4,776 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,776 | €4,776 | = | 0.0% |
| Major repairs and maintenance | 162 | €4,776 | €4,776 | = | 0.0% |
| Amounts payable | 17/49 | €3,635,829 | €3,890,309 | +€254,480 | +7.0% |
| Amounts payable after more than one year | 17 | €2,001,098 | €2,170,468 | +€169,370 | +8.5% |
| Financial debts | 170/4 | €2,001,098 | €2,170,468 | +€169,370 | +8.5% |
| Credit institutions | 173 | €2,001,098 | €2,170,468 | +€169,370 | +8.5% |
| Amounts payable within one year | 42/48 | €1,632,146 | €1,699,861 | +€67,715 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €186,678 | €207,123 | +€20,445 | +11.0% |
| Trade debts | 44 | €286,724 | €226,683 | -€60,041 | -20.9% |
| Suppliers | 440/4 | €286,724 | €226,683 | -€60,041 | -20.9% |
| Advances received on contracts in progress | 46 | €237 | €237 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,158,507 | €1,244,264 | +€85,757 | +7.4% |
| Taxes | 450/3 | €52,773 | €47,969 | -€4,804 | -9.1% |
| Remuneration and social security | 454/9 | €1,105,734 | €1,196,295 | +€90,561 | +8.2% |
| Accrued charges and deferred income | 492/3 | €2,585 | €19,980 | +€17,395 | +672.9% |
| Operating income | 70/76A | €9,846,080 | €10,612,241 | +€766,161 | +7.8% |
| Turnover | 70 | €5,450,363 | €6,054,875 | +€604,512 | +11.1% |
| Membership fees, donations, legacies and grants | 73 | €4,220,762 | €4,414,546 | +€193,784 | +4.6% |
| Other operating income | 74 | €174,909 | €134,467 | -€40,442 | -23.1% |
| Non-recurring operating income | 76A | €46 | €8,353 | +€8,307 | +18058.7% |
| Operating charges | 60/66A | €9,679,764 | €10,537,210 | +€857,446 | +8.9% |
| Goods for resale, raw materials and consumables | 60 | €32,304 | €152,897 | +€120,593 | +373.3% |
| Purchases | 600/8 | €116,531 | €124,722 | +€8,191 | +7.0% |
| Change in stocks: decrease (increase) | 609 | -€84,227 | €28,175 | +€112,402 | |
| Services and other goods | 61 | €1,543,401 | €1,540,082 | -€3,319 | -0.2% |
| Remuneration, social security and pensions | 62 | €7,364,974 | €8,005,839 | +€640,865 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699,102 | €803,578 | +€104,476 | +14.9% |
| Other operating charges | 640/8 | €39,489 | €34,814 | -€4,675 | -11.8% |
| Non-recurring operating charges | 66A | €494 | - | -€494 | |
| Operating profit (loss) | 9901 | €166,316 | €75,031 | -€91,285 | -54.9% |
| Financial income | 75/76B | €57,936 | €72,109 | +€14,173 | +24.5% |
| Recurring financial income | 75 | €57,936 | €71,969 | +€14,033 | +24.2% |
| Income from current assets | 751 | €57,731 | €71,965 | +€14,234 | +24.7% |
| Other financial income | 752/9 | €205 | €4 | -€201 | -98.0% |
| Non-recurring financial income | 76B | - | €140 | +€140 | |
| Financial charges | 65/66B | €72,543 | €105,885 | +€33,342 | +46.0% |
| Recurring financial charges | 65 | €72,543 | €105,885 | +€33,342 | +46.0% |
| Debt charges | 650 | €49,022 | €80,211 | +€31,189 | +63.6% |
| Other financial charges | 652/9 | €23,521 | €25,674 | +€2,153 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €151,709 | €41,255 | -€110,454 | -72.8% |
| Income taxes | 67/77 | €17,313 | €21,590 | +€4,277 | +24.7% |
| Taxes | 670/3 | €17,313 | €21,590 | +€4,277 | +24.7% |
| Profit (loss) for the period | 9904 | €134,396 | €19,665 | -€114,731 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,396 | €19,665 | -€114,731 | -85.4% |
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 11 October 2026 via checked.be.