TC Recycling: 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.
TC Recycling
Largest movements
- Deferred charges and accrued income -€8,111
no longer reported in 2025 (was €8,111)
- Cash +€7,290
up €7,290 (+698%), from €1,045 to €8,334
mainly Deferred charges and accrued income (+€8,111) and Other debts (+€1,548)
- Tangible fixed assets -€1,895
down €1,895 (-76.8%), from €2,467 to €571
- Receivables within one year +€675
up €675 (+5.7%), from €11,906 to €12,581
of which Other amounts receivable: +€675
- Profit (loss) carried forward -€3,094
down €3,094 (-28.1%), from -€10,997 to -€14,091
- Other debts +€1,548
up €1,548 (+41.5%), from €3,731 to €5,279
- Tax, wage and social debts -€268
down €268 (-1.9%), from €13,814 to €13,546
of which Remuneration and social security: -€4,800
- Gross operating margin +€17,618
up €17,618 (+98.1%), from -€17,959 to -€341
- Depreciation -€2,178
down €2,178 (-79.2%), from €2,751 to €573
- Other operating charges +€1,124
up €1,124 (+125%), from €900 to €2,024
- Financial charges -€255
down €255 (-62.0%), from €412 to €157
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,528 | €21,487 | -€2,041 | -8.7% |
| Fixed assets | 21/28 | €2,467 | €571 | -€1,895 | -76.8% |
| Tangible fixed assets | 22/27 | €2,467 | €571 | -€1,895 | -76.8% |
| Furniture and vehicles | 24 | €2,467 | €571 | -€1,895 | -76.8% |
| Current assets | 29/58 | €21,061 | €20,915 | -€146 | -0.7% |
| Amounts receivable within one year | 40/41 | €11,906 | €12,581 | +€675 | +5.7% |
| Trade receivables | 40 | €6,766 | €6,766 | = | 0.0% |
| Other amounts receivable | 41 | €5,140 | €5,815 | +€675 | +13.1% |
| Cash at bank and in hand | 54/58 | €1,045 | €8,334 | +€7,290 | +698% |
| Deferred charges and accrued income | 490/1 | €8,111 | - | -€8,111 | |
| Total equity and liabilities | 10/49 | €23,528 | €21,487 | -€2,041 | -8.7% |
| Equity | 10/15 | €2,063 | -€1,031 | -€3,094 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,997 | -€14,091 | -€3,094 | -28.1% |
| Amounts payable | 17/49 | €21,465 | €22,518 | +€1,053 | +4.9% |
| Amounts payable within one year | 42/48 | €21,465 | €22,518 | +€1,053 | +4.9% |
| Trade debts | 44 | €3,920 | €3,693 | -€227 | -5.8% |
| Suppliers | 440/4 | €3,920 | €3,693 | -€227 | -5.8% |
| Taxes, remuneration and social security | 45 | €13,814 | €13,546 | -€268 | -1.9% |
| Taxes | 450/3 | €6,614 | €11,146 | +€4,532 | +68.5% |
| Remuneration and social security | 454/9 | €7,200 | €2,400 | -€4,800 | -66.7% |
| Other amounts payable | 47/48 | €3,731 | €5,279 | +€1,548 | +41.5% |
| Non-recurring operating income | 76A | - | €15,228 | +€15,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €573 | -€2,178 | -79.2% |
| Other operating charges | 640/8 | €900 | €2,024 | +€1,124 | +125% |
| Gross operating margin | 9900 | -€17,959 | -€341 | +€17,618 | +98.1% |
| Operating profit (loss) | 9901 | -€21,609 | -€2,937 | +€18,671 | +86.4% |
| Financial charges | 65/66B | €412 | €157 | -€255 | -62.0% |
| Recurring financial charges | 65 | €412 | €157 | -€255 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,020 | -€3,094 | +€18,926 | +85.9% |
| Profit (loss) for the period | 9904 | -€22,020 | -€3,094 | +€18,926 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,020 | -€3,094 | +€18,926 | +85.9% |
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 23 October 2026 via checked.be.