Rezinal: 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
Rezinal
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €4.0m-€2.8m
Equity
€28.5m
2024 · €29.2m-€746,773
Cash
€166,301
2024 · €803,117-€636,816
Balance sheet total
€51.5m
2024 · €48.2m+€3.3m
Largest movements
Assets
- Stocks and contracts +€5.8m
up €5.8m (+16.5%), from €34.9m to €40.6m
- Receivables within one year -€2.1m
down €2.1m (-22.6%), from €9.3m to €7.2m
of which Trade receivables: -€1.7m
- Cash -€636,816
down €636,816 (-79.3%), from €803,117 to €166,301
mainly Stocks and contracts (-€5.8m) and Contributions, distributions and other (-€2.0m)
Equity and liabilities
- Short-term financial debts +€3.7m
up €3.7m (+52.9%), from €7.0m to €10.7m
- Trade debts +€1.6m
up €1.6m (+27.3%), from €5.8m to €7.3m
- Profit (loss) carried forward -€746,773
down €746,773 (-36.7%), from €2.0m to €1.3m
- Current portion of long-term debt -€514,991
down €514,991 (-67.3%), from €765,714 to €250,723
Income statement
- Goods and materials +€7.0m
up €7.0m (+11.2%), from €62.7m to €69.8m
of which Purchases: +€8.7m
- Turnover -€3.7m
down €3.7m (-4.4%), from €84.4m to €80.7m
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
€4.0m
Turnover
-€3.7m
Other operating income
+€64,566
Goods and materials
-€7.0m
Services and other goods
-€184,779
Staff costs
-€358,076
Depreciation
-€67,866
Other operating charges
+€100,087
Other operating items
+€8.2m
Financial income
-€67,670
Financial charges
+€210,183
Taxes
+€114,426
Result 2025
€1.3m
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
-€417,802
Investment
-€1.3m
Financing
+€1.1m
Cash 2024
€803,117
From operations (derived)
-€417,802
Net result for the year
+€1.3m
Depreciation
+€1.1m
Stocks and contracts
-€5.8m
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€8,859
Trade debts
+€1.6m
Tax, wage and social debts
+€17,866
Advances received
+€101,250
Other debts
-€500,000
Accrued charges and deferred income
-€241,386
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€1.1m
Debts after one year
-€90,370
Current portion of long-term debt
-€514,991
Short-term financial debts
+€3.7m
Contributions, distributions and other
-€2.0m
Cash 2025
€166,301
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,158,726 | €51,456,773 | +€3.3m | +6.8% |
| Fixed assets | 21/28 | €3,198,276 | €3,455,674 | +€257,398 | +8.0% |
| Intangible fixed assets | 21 | €390,348 | €273,374 | -€116,974 | -30.0% |
| Tangible fixed assets | 22/27 | €2,807,928 | €3,182,300 | +€374,372 | +13.3% |
| Land and buildings | 22 | €1,054,843 | €929,068 | -€125,775 | -11.9% |
| Plant, machinery and equipment | 23 | €999,247 | €955,877 | -€43,370 | -4.3% |
| Furniture and vehicles | 24 | €549,092 | €402,002 | -€147,090 | -26.8% |
| Assets under construction and advance payments | 27 | €204,746 | €895,353 | +€690,607 | +337.3% |
| Current assets | 29/58 | €44,960,450 | €48,001,099 | +€3.0m | +6.8% |
| Stocks and contracts in progress | 3 | €34,880,816 | €40,642,983 | +€5.8m | +16.5% |
| Stocks | 30/36 | €34,880,816 | €40,642,983 | +€5.8m | +16.5% |
| Raw materials and consumables | 30/31 | €15,151,037 | €14,791,331 | -€359,706 | -2.4% |
| Work in progress | 32 | €5,044,399 | €4,074,402 | -€969,997 | -19.2% |
| Finished goods | 33 | €14,237,489 | €20,740,042 | +€6.5m | +45.7% |
| Goods purchased for resale | 34 | €140,121 | - | -€140,121 | |
| Advance payments | 36 | €307,770 | €1,037,208 | +€729,438 | +237.0% |
| Amounts receivable within one year | 40/41 | €9,268,895 | €7,175,334 | -€2.1m | -22.6% |
| Trade receivables | 40 | €8,128,244 | €6,433,174 | -€1.7m | -20.9% |
| Other amounts receivable | 41 | €1,140,651 | €742,160 | -€398,491 | -34.9% |
| Cash at bank and in hand | 54/58 | €803,117 | €166,301 | -€636,816 | -79.3% |
| Deferred charges and accrued income | 490/1 | €7,622 | €16,481 | +€8,859 | +116.2% |
| Total equity and liabilities | 10/49 | €48,158,726 | €51,456,773 | +€3.3m | +6.8% |
| Equity | 10/15 | €29,246,381 | €28,499,608 | -€746,773 | -2.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €26,462,583 | €26,462,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €94,972 | €94,972 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Other | 1319 | €19,972 | €19,972 | = | 0.0% |
| Tax-exempt reserves | 132 | €313,854 | €313,854 | = | 0.0% |
| Distributable reserves | 133 | €26,053,757 | €26,053,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,033,798 | €1,287,025 | -€746,773 | -36.7% |
| Amounts payable | 17/49 | €18,912,345 | €22,957,165 | +€4.0m | +21.4% |
| Amounts payable after more than one year | 17 | €1,469,346 | €1,378,976 | -€90,370 | -6.2% |
| Financial debts | 170/4 | €1,469,346 | €1,378,976 | -€90,370 | -6.2% |
| Credit institutions | 173 | €1,469,346 | €1,378,976 | -€90,370 | -6.2% |
| Amounts payable within one year | 42/48 | €16,849,595 | €21,226,171 | +€4.4m | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €765,714 | €250,723 | -€514,991 | -67.3% |
| Financial debts | 43 | €7,000,000 | €10,700,000 | +€3.7m | +52.9% |
| Credit institutions | 430/8 | €7,000,000 | €10,700,000 | +€3.7m | +52.9% |
| Trade debts | 44 | €5,759,014 | €7,331,465 | +€1.6m | +27.3% |
| Suppliers | 440/4 | €5,759,014 | €7,331,465 | +€1.6m | +27.3% |
| Advances received on contracts in progress | 46 | €118,135 | €219,385 | +€101,250 | +85.7% |
| Taxes, remuneration and social security | 45 | €706,732 | €724,598 | +€17,866 | +2.5% |
| Taxes | 450/3 | €112,478 | €121,231 | +€8,753 | +7.8% |
| Remuneration and social security | 454/9 | €594,254 | €603,367 | +€9,113 | +1.5% |
| Other amounts payable | 47/48 | €2,500,000 | €2,000,000 | -€500,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €593,404 | €352,018 | -€241,386 | -40.7% |
| Operating income | 70/76A | €82,238,692 | €86,759,757 | +€4.5m | +5.5% |
| Turnover | 70 | €84,365,976 | €80,655,663 | -€3.7m | -4.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,671,238 | €5,532,556 | +€8.2m | |
| Other operating income | 74 | €505,022 | €569,588 | +€64,566 | +12.8% |
| Non-recurring operating income | 76A | €38,932 | €1,950 | -€36,982 | -95.0% |
| Operating charges | 60/66A | €77,119,947 | €84,673,778 | +€7.6m | +9.8% |
| Goods for resale, raw materials and consumables | 60 | €62,720,317 | €69,763,514 | +€7.0m | +11.2% |
| Purchases | 600/8 | €60,548,370 | €69,263,686 | +€8.7m | +14.4% |
| Change in stocks: decrease (increase) | 609 | €2,171,947 | €499,828 | -€1.7m | -77.0% |
| Services and other goods | 61 | €7,935,673 | €8,120,452 | +€184,779 | +2.3% |
| Remuneration, social security and pensions | 62 | €5,010,634 | €5,368,710 | +€358,076 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988,389 | €1,056,255 | +€67,866 | +6.9% |
| Other operating charges | 640/8 | €464,934 | €364,847 | -€100,087 | -21.5% |
| Operating profit (loss) | 9901 | €5,118,745 | €2,085,979 | -€3.0m | -59.2% |
| Financial income | 75/76B | €109,984 | €42,314 | -€67,670 | -61.5% |
| Recurring financial income | 75 | €109,636 | €41,954 | -€67,682 | -61.7% |
| Other financial income | 752/9 | €109,636 | €41,954 | -€67,682 | -61.7% |
| Non-recurring financial income | 76B | €348 | €360 | +€12 | +3.4% |
| Financial charges | 65/66B | €698,541 | €488,358 | -€210,183 | -30.1% |
| Recurring financial charges | 65 | €698,541 | €488,358 | -€210,183 | -30.1% |
| Debt charges | 650 | €562,752 | €350,000 | -€212,752 | -37.8% |
| Other financial charges | 652/9 | €135,789 | €138,358 | +€2,569 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €4,530,188 | €1,639,935 | -€2.9m | -63.8% |
| Income taxes | 67/77 | €501,134 | €386,708 | -€114,426 | -22.8% |
| Taxes | 670/3 | €501,134 | €386,708 | -€114,426 | -22.8% |
| Profit (loss) for the period | 9904 | €4,029,054 | €1,253,227 | -€2.8m | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,029,054 | €1,253,227 | -€2.8m | -68.9% |
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.