ALL PALLETS: 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
ALL PALLETS
NACE 16.281, Manufacture of other wood products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€604,639
2024 · €230,970+€373,670
Equity
€2.4m
2024 · €2.2m+€208,193
Cash
€465,445
2024 · €429,023+€36,422
Balance sheet total
€3.7m
2024 · €3.4m+€300,216
Largest movements
Assets
- Current investments +€204,949
up €204,949 (+41.3%), from €496,040 to €700,989
- Stocks and contracts +€62,011
up €62,011 (+50.4%), from €123,045 to €185,057
- Tangible fixed assets -€45,455
down €45,455 (-4.0%), from €1.1m to €1.1m
of which Furniture and vehicles: -€70,381
Equity and liabilities
- Reserves +€193,850
up €193,850 (+8.9%), from €2.2m to €2.4m
- Other debts +€192,303
up €192,303 (+88.0%), from €218,487 to €410,789
- Debts after one year -€108,094
down €108,094 (-25.6%), from €422,122 to €314,028
- Tax, wage and social debts +€62,024
up €62,024 (+53.2%), from €116,593 to €178,617
of which Taxes: +€49,636
- Trade debts -€37,760
down €37,760 (-19.6%), from €192,766 to €155,006
Income statement
- Gross operating margin +€526,514
up €526,514 (+39.4%), from €1.3m to €1.9m
- Taxes +€101,182
up €101,182 (+137.7%), from €73,476 to €174,658
- Depreciation +€45,093
up €45,093 (+24.7%), from €182,537 to €227,630
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
€230,970
Gross operating margin
+€526,514
Staff costs
-€9,416
Depreciation
-€45,093
Write-downs
-€13,649
Other operating charges
+€3,144
Financial income
+€6,940
Financial charges
+€6,413
Taxes
-€101,182
Result 2025
€604,639
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
+€951,422
Investment
-€387,124
Financing
-€527,875
Cash 2024
€429,023
From operations (derived)
+€951,422
Net result for the year
+€604,639
Depreciation
+€227,630
Stocks and contracts
-€62,011
Receivables within one year
-€15,053
Deferred charges and accrued income
-€27,235
Trade debts
-€37,760
Tax, wage and social debts
+€62,024
Other debts
+€192,303
Accrued charges and deferred income
+€6,885
Investment (derived)
-€387,124
Investment in fixed assets (net)
-€182,176
Current investments
-€204,949
Financing
-€527,875
Debts after one year
-€108,094
Current portion of long-term debt
-€23,335
Contributions, distributions and other
-€396,446
Cash 2025
€465,445
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,351,639 | €3,651,855 | +€300,216 | +9.0% |
| Fixed assets | 21/28 | €1,148,291 | €1,102,837 | -€45,455 | -4.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,146,586 | €1,101,132 | -€45,455 | -4.0% |
| Land and buildings | 22 | €743,348 | €690,470 | -€52,878 | -7.1% |
| Plant, machinery and equipment | 23 | €84,222 | €162,025 | +€77,803 | +92.4% |
| Furniture and vehicles | 24 | €319,017 | €248,636 | -€70,381 | -22.1% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €2,203,348 | €2,549,018 | +€345,670 | +15.7% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €123,045 | €185,057 | +€62,011 | +50.4% |
| Stocks | 30/36 | €123,045 | €185,057 | +€62,011 | +50.4% |
| Amounts receivable within one year | 40/41 | €699,948 | €715,001 | +€15,053 | +2.2% |
| Trade receivables | 40 | €654,543 | €711,744 | +€57,201 | +8.7% |
| Other amounts receivable | 41 | €45,405 | €3,257 | -€42,148 | -92.8% |
| Current investments | 50/53 | €496,040 | €700,989 | +€204,949 | +41.3% |
| Cash at bank and in hand | 54/58 | €429,023 | €465,445 | +€36,422 | +8.5% |
| Deferred charges and accrued income | 490/1 | €55,291 | €82,527 | +€27,235 | +49.3% |
| Total equity and liabilities | 10/49 | €3,351,639 | €3,651,855 | +€300,216 | +9.0% |
| Equity | 10/15 | €2,220,651 | €2,428,844 | +€208,193 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,174,000 | €2,367,850 | +€193,850 | +8.9% |
| Distributable reserves | 133 | €2,174,000 | €2,367,850 | +€193,850 | +8.9% |
| Profit (loss) carried forward | 14 | €6,308 | €6,308 | +€0 | 0.0% |
| Investment grants | 15 | €20,342 | €34,686 | +€14,343 | +70.5% |
| Amounts payable | 17/49 | €1,130,989 | €1,223,011 | +€92,022 | +8.1% |
| Amounts payable after more than one year | 17 | €422,122 | €314,028 | -€108,094 | -25.6% |
| Financial debts | 170/4 | €422,122 | €314,028 | -€108,094 | -25.6% |
| Amounts payable within one year | 42/48 | €659,274 | €852,506 | +€193,231 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €131,429 | €108,094 | -€23,335 | -17.8% |
| Trade debts | 44 | €192,766 | €155,006 | -€37,760 | -19.6% |
| Suppliers | 440/4 | €192,766 | €155,006 | -€37,760 | -19.6% |
| Taxes, remuneration and social security | 45 | €116,593 | €178,617 | +€62,024 | +53.2% |
| Taxes | 450/3 | €50,882 | €100,518 | +€49,636 | +97.6% |
| Remuneration and social security | 454/9 | €65,711 | €78,098 | +€12,388 | +18.9% |
| Other amounts payable | 47/48 | €218,487 | €410,789 | +€192,303 | +88.0% |
| Accrued charges and deferred income | 492/3 | €49,592 | €56,477 | +€6,885 | +13.9% |
| Remuneration, social security and pensions | 62 | €753,042 | €762,458 | +€9,416 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,537 | €227,630 | +€45,093 | +24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,309 | €4,340 | +€13,649 | |
| Other operating charges | 640/8 | €91,312 | €88,168 | -€3,144 | -3.4% |
| Gross operating margin | 9900 | €1,334,740 | €1,861,254 | +€526,514 | +39.4% |
| Operating profit (loss) | 9901 | €317,157 | €778,657 | +€461,499 | +145.5% |
| Financial income | 75/76B | €19,773 | €26,713 | +€6,940 | +35.1% |
| Recurring financial income | 75 | €19,773 | €26,713 | +€6,940 | +35.1% |
| Financial charges | 65/66B | €32,484 | €26,071 | -€6,413 | -19.7% |
| Recurring financial charges | 65 | €32,484 | €26,071 | -€6,413 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €304,446 | €779,298 | +€474,852 | +156.0% |
| Income taxes | 67/77 | €73,476 | €174,658 | +€101,182 | +137.7% |
| Profit (loss) for the period | 9904 | €230,970 | €604,639 | +€373,670 | +161.8% |
| Profit (loss) for the period to be appropriated | 9905 | €230,970 | €604,639 | +€373,670 | +161.8% |
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 7 October 2026 via checked.be.