VYMETAL: 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
VYMETAL
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,883
2024 · €320,471-€308,588
Equity
€1.4m
2024 · €1.4m+€11,883
Cash
€34,721
2024 · €75,500-€40,779
Balance sheet total
€3.7m
2024 · €3.9m-€119,919
Largest movements
Assets
- Tangible fixed assets -€145,385
down €145,385 (-5.4%), from €2.7m to €2.5m
- Receivables within one year +€78,566
up €78,566 (+7.4%), from €1.1m to €1.1m
of which Trade receivables: +€46,092
- Cash -€40,779
down €40,779 (-54.0%), from €75,500 to €34,721
mainly Trade debts (-€140,527) and Debts after one year (-€135,644)
Equity and liabilities
- Trade debts -€140,527
down €140,527 (-66.1%), from €212,485 to €71,958
- Debts after one year -€135,644
down €135,644 (-9.5%), from €1.4m to €1.3m
- Advances received +€128,892
new in 2025: €128,892
- Current portion of long-term debt +€95,027
up €95,027 (+60.1%), from €158,134 to €253,161
- Other debts -€84,721
down €84,721 (-39.4%), from €214,941 to €130,219
Income statement
- Gross operating margin -€399,915
down €399,915 (-54.0%), from €739,958 to €340,043
- Taxes +€15,583
up €15,583 (+72.7%), from €21,445 to €37,027
- Depreciation +€14,808
up €14,808 (+9.0%), from €164,515 to €179,323
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
€320,471
Gross operating margin
-€399,915
Staff costs
-€5,370
Depreciation
-€14,808
Other operating charges
+€5,863
Financial income
+€1,546
Financial charges
-€1,937
Taxes
-€15,583
Deferred taxes and other
+€121,616
Result 2025
€11,883
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
+€22,473
Investment
-€23,018
Financing
-€40,234
Cash 2024
€75,500
From operations (derived)
+€22,473
Net result for the year
+€11,883
Depreciation
+€179,323
Receivables within one year
-€78,566
Deferred charges and accrued income
+€1,401
Provisions
-€15,760
Trade debts
-€140,527
Tax, wage and social debts
+€20,547
Advances received
+€128,892
Other debts
-€84,721
Investment (derived)
-€23,018
Investment in fixed assets (net)
-€23,018
Financing
-€40,234
Debts after one year
-€135,644
Current portion of long-term debt
+€95,027
Short-term financial debts
+€383
Cash 2025
€34,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,861,998 | €3,742,079 | -€119,919 | -3.1% |
| Fixed assets | 21/28 | €2,699,524 | €2,543,219 | -€156,305 | -5.8% |
| Tangible fixed assets | 22/27 | €2,687,864 | €2,542,479 | -€145,385 | -5.4% |
| Land and buildings | 22 | €2,213,542 | €2,151,101 | -€62,441 | -2.8% |
| Plant, machinery and equipment | 23 | €218,761 | €169,045 | -€49,715 | -22.7% |
| Furniture and vehicles | 24 | €52,759 | €53,043 | +€284 | +0.5% |
| Leasing and similar rights | 25 | €202,802 | €169,290 | -€33,512 | -16.5% |
| Financial fixed assets | 28 | €11,660 | €740 | -€10,920 | -93.7% |
| Current assets | 29/58 | €1,162,474 | €1,198,860 | +€36,386 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,066,701 | €1,145,267 | +€78,566 | +7.4% |
| Trade receivables | 40 | €265,055 | €311,147 | +€46,092 | +17.4% |
| Other amounts receivable | 41 | €801,646 | €834,119 | +€32,474 | +4.1% |
| Current investments | 50/53 | €3,391 | €3,391 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,500 | €34,721 | -€40,779 | -54.0% |
| Deferred charges and accrued income | 490/1 | €16,882 | €15,481 | -€1,401 | -8.3% |
| Total equity and liabilities | 10/49 | €3,861,998 | €3,742,079 | -€119,919 | -3.1% |
| Equity | 10/15 | €1,372,528 | €1,384,412 | +€11,883 | +0.9% |
| Contributions | 10/11 | €24,797 | €24,797 | = | 0.0% |
| Reserves | 13 | €1,347,731 | €1,359,614 | +€11,883 | +0.9% |
| Tax-exempt reserves | 132 | €890,961 | €841,065 | -€49,895 | -5.6% |
| Distributable reserves | 133 | €456,770 | €518,549 | +€61,779 | +13.5% |
| Provisions and deferred taxes | 16 | €343,845 | €328,085 | -€15,760 | -4.6% |
| Provisions for liabilities and charges | 160/5 | €69,112 | €69,112 | = | 0.0% |
| Pensions and similar obligations | 160 | €69,112 | €69,112 | = | 0.0% |
| Deferred taxes | 168 | €274,733 | €258,973 | -€15,760 | -5.7% |
| Amounts payable | 17/49 | €2,145,625 | €2,029,582 | -€116,043 | -5.4% |
| Amounts payable after more than one year | 17 | €1,434,064 | €1,298,420 | -€135,644 | -9.5% |
| Financial debts | 170/4 | €1,434,064 | €1,298,420 | -€135,644 | -9.5% |
| Amounts payable within one year | 42/48 | €711,561 | €731,162 | +€19,601 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €158,134 | €253,161 | +€95,027 | +60.1% |
| Financial debts | 43 | €120,867 | €121,250 | +€383 | +0.3% |
| Credit institutions | 430/8 | €120,867 | €121,250 | +€383 | +0.3% |
| Trade debts | 44 | €212,485 | €71,958 | -€140,527 | -66.1% |
| Suppliers | 440/4 | €212,485 | €71,958 | -€140,527 | -66.1% |
| Advances received on contracts in progress | 46 | - | €128,892 | +€128,892 | |
| Taxes, remuneration and social security | 45 | €5,134 | €25,681 | +€20,547 | +400% |
| Taxes | 450/3 | €3,106 | €24,088 | +€20,982 | +676% |
| Remuneration and social security | 454/9 | €2,028 | €1,593 | -€435 | -21.5% |
| Other amounts payable | 47/48 | €214,941 | €130,219 | -€84,721 | -39.4% |
| Non-recurring operating income | 76A | €494,440 | €0 | -€494,440 | -100% |
| Remuneration, social security and pensions | 62 | €85,176 | €90,546 | +€5,370 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,515 | €179,323 | +€14,808 | +9.0% |
| Other operating charges | 640/8 | €15,249 | €9,386 | -€5,863 | -38.4% |
| Gross operating margin | 9900 | €739,958 | €340,043 | -€399,915 | -54.0% |
| Operating profit (loss) | 9901 | €475,018 | €60,788 | -€414,230 | -87.2% |
| Financial income | 75/76B | €18,579 | €20,125 | +€1,546 | +8.3% |
| Recurring financial income | 75 | €18,579 | €20,125 | +€1,546 | +8.3% |
| Financial charges | 65/66B | €45,825 | €47,762 | +€1,937 | +4.2% |
| Recurring financial charges | 65 | €45,825 | €47,762 | +€1,937 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €447,772 | €33,151 | -€414,621 | -92.6% |
| Transfer from deferred taxes | 780 | €17,629 | €15,760 | -€1,869 | -10.6% |
| Transfer to deferred taxes | 680 | €123,485 | €0 | -€123,485 | -100% |
| Income taxes | 67/77 | €21,445 | €37,027 | +€15,583 | +72.7% |
| Profit (loss) for the period | 9904 | €320,471 | €11,883 | -€308,588 | -96.3% |
| Transfer from tax-exempt reserves | 789 | €55,751 | €49,895 | -€5,856 | -10.5% |
| Transfer to tax-exempt reserves | 689 | €370,455 | €0 | -€370,455 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €5,768 | €61,779 | +€56,010 | +971% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.