BELGOBOIS: what changed
What changed
BELGOBOIS
NACE 02.200, Logging
filed annual accounts (NBB)
Net result for the year
€151,954
2024 · €22,082+€129,871
Equity
€220,621
2024 · €68,667+€151,954
Cash
€159,906
2024 · €46,131+€113,775
Balance sheet total
€297,584
2024 · €155,854+€141,729
Largest movements
Assets
- Cash +€113,775
up €113,775 (+247%), from €46,131 to €159,906
mainly Net result for the year (+€151,954) and Debts after one year (+€26,732)
- Tangible fixed assets +€15,324
up €15,324 (+39.2%), from €39,072 to €54,396
of which Furniture and vehicles: +€34,782
- Receivables within one year +€12,433
up €12,433 (+18.1%), from €68,721 to €81,155
of which Trade receivables: +€8,945
Equity and liabilities
- Profit (loss) carried forward +€152,152
up €152,152, from -€114,800 to €37,352
- Current portion of long-term debt -€33,391
down €33,391 (-81.3%), from €41,065 to €7,674
- Debts after one year +€26,732
new in 2025: €26,732
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€3,950
up €3,950 (+13.7%), from €28,797 to €32,747
Income statement
- Gross operating margin +€90,321
up €90,321 (+59.1%), from €152,741 to €243,062
- Depreciation -€57,353
down €57,353 (-85.9%), from €66,798 to €9,445
- Staff costs +€27,659
up €27,659 (+58.2%), from €47,520 to €75,179
- Other operating charges -€9,782
down €9,782 (-93.8%), from €10,425 to €643
- Financial income -€2,636
down €2,636 (-69.0%), from €3,821 to €1,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,082
Gross operating margin
+€90,321
Staff costs
-€27,659
Depreciation
+€57,353
Other operating charges
+€9,782
Other operating items
+€1,458
Financial income
-€2,636
Financial charges
+€1,158
Taxes
+€94
Result 2025
€151,954
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,203
Investment
-€24,769
Financing
-€16,659
Cash 2024
€46,131
From operations (derived)
+€155,203
Net result for the year
+€151,954
Depreciation
+€9,445
Receivables within one year
-€12,433
Smaller working-capital items
-€247
Trade debts
+€3,950
Tax, wage and social debts
+€2,533
Investment (derived)
-€24,769
Investment in fixed assets (net)
-€24,769
Financing
-€16,659
Debts after one year
+€26,732
Current portion of long-term debt
-€33,391
Short-term financial debts
-€10,000
Contributions, distributions and other
-€0
Cash 2025
€159,906
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,854 | €297,584 | +€141,729 | +90.9% |
| Fixed assets | 21/28 | €39,072 | €54,396 | +€15,324 | +39.2% |
| Tangible fixed assets | 22/27 | €39,072 | €54,396 | +€15,324 | +39.2% |
| Land and buildings | 22 | €25,956 | - | -€25,956 | |
| Plant, machinery and equipment | 23 | €6,825 | €14,153 | +€7,328 | +107% |
| Furniture and vehicles | 24 | €0 | €34,783 | +€34,782 | +15,810,205% |
| Other tangible fixed assets | 26 | €6,291 | €5,460 | -€831 | -13.2% |
| Current assets | 29/58 | €116,782 | €243,188 | +€126,405 | +108% |
| Amounts receivable within one year | 40/41 | €68,721 | €81,155 | +€12,433 | +18.1% |
| Trade receivables | 40 | €30,126 | €39,072 | +€8,945 | +29.7% |
| Other amounts receivable | 41 | €38,595 | €42,083 | +€3,488 | +9.0% |
| Cash at bank and in hand | 54/58 | €46,131 | €159,906 | +€113,775 | +247% |
| Deferred charges and accrued income | 490/1 | €1,930 | €2,128 | +€197 | +10.2% |
| Total equity and liabilities | 10/49 | €155,854 | €297,584 | +€141,729 | +90.9% |
| Equity | 10/15 | €68,667 | €220,621 | +€151,954 | +221% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €33,467 | €33,269 | -€198 | -0.6% |
| Non-distributable reserves | 130/1 | €4,119 | €4,119 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,119 | €4,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,348 | €29,149 | -€198 | -0.7% |
| Profit (loss) carried forward | 14 | -€114,800 | €37,352 | +€152,152 | |
| Investment grants | 15 | €0 | - | -€0 | |
| Provisions and deferred taxes | 16 | €51 | €1 | -€50 | -97.4% |
| Deferred taxes | 168 | €51 | €1 | -€50 | -97.4% |
| Amounts payable | 17/49 | €87,136 | €76,961 | -€10,175 | -11.7% |
| Amounts payable after more than one year | 17 | - | €26,732 | +€26,732 | |
| Financial debts | 170/4 | - | €26,732 | +€26,732 | |
| Amounts payable within one year | 42/48 | €87,136 | €50,229 | -€36,907 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €41,065 | €7,674 | -€33,391 | -81.3% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €28,797 | €32,747 | +€3,950 | +13.7% |
| Suppliers | 440/4 | €28,797 | €32,747 | +€3,950 | +13.7% |
| Taxes, remuneration and social security | 45 | €7,275 | €9,808 | +€2,533 | +34.8% |
| Taxes | 450/3 | €145 | €105 | -€40 | -27.9% |
| Remuneration and social security | 454/9 | €7,130 | €9,703 | +€2,574 | +36.1% |
| Non-recurring operating income | 76A | €11,050 | €74,044 | +€62,994 | +570% |
| Remuneration, social security and pensions | 62 | €47,520 | €75,179 | +€27,659 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,798 | €9,445 | -€57,353 | -85.9% |
| Other operating charges | 640/8 | €10,425 | €643 | -€9,782 | -93.8% |
| Non-recurring operating charges | 66A | €4,120 | €2,663 | -€1,458 | -35.4% |
| Gross operating margin | 9900 | €152,741 | €243,062 | +€90,321 | +59.1% |
| Operating profit (loss) | 9901 | €23,877 | €155,133 | +€131,255 | +550% |
| Financial income | 75/76B | €3,821 | €1,186 | -€2,636 | -69.0% |
| Recurring financial income | 75 | €3,821 | €1,186 | -€2,636 | -69.0% |
| Financial charges | 65/66B | €5,572 | €4,414 | -€1,158 | -20.8% |
| Recurring financial charges | 65 | €5,572 | €4,414 | -€1,158 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €22,127 | €151,904 | +€129,777 | +587% |
| Transfer from deferred taxes | 780 | €50 | €50 | = | 0.0% |
| Income taxes | 67/77 | €94 | - | -€94 | |
| Profit (loss) for the period | 9904 | €22,082 | €151,954 | +€129,871 | +588% |
| Transfer from tax-exempt reserves | 789 | €198 | €198 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,281 | €152,152 | +€129,871 | +583% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.