BOIS DE TANTON: what changed
What changed
BOIS DE TANTON
NACE 02.100, Forestry and logging
filed annual accounts (NBB)
Net result for the year
€541,509
2024 · -€14,511+€556,020
Equity
€1.1m
2024 · €536,053+€539,893
Cash
€22,570
2024 · €58,990-€36,420
Balance sheet total
€3.7m
2024 · €3.3m+€475,852
Largest movements
Assets
- Tangible fixed assets +€528,423
up €528,423 (+19.0%), from €2.8m to €3.3m
of which Assets under construction and advance payments: +€672,559
- Current investments -€49,914
down €49,914 (-91.2%), from €54,758 to €4,844
- Receivables within one year +€39,031
up €39,031 (+1,791%), from €2,180 to €41,211
of which Trade receivables: +€40,200
Equity and liabilities
- Reserves +€511,232
up €511,232 (+2,287%), from €22,350 to €533,582
of which Tax-exempt reserves: +€511,232
- Other debts -€187,741
down €187,741 (-8.1%), from €2.3m to €2.1m
- Provisions +€170,411
new in 2025: €170,411
- Debts after one year -€40,000
down €40,000 (-12.5%), from €320,000 to €280,000
Income statement
- Gross operating margin +€705,682
up €705,682 (+1,142%), from €61,802 to €767,483
- Depreciation -€14,360
down €14,360 (-75.8%), from €18,944 to €4,584
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
-€14,511
Gross operating margin
+€705,682
Staff costs
-€1,153
Depreciation
+€14,360
Other operating charges
-€48
Financial income
+€2,102
Financial charges
+€5,488
Deferred taxes and other
-€170,411
Result 2025
€541,509
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
+€488,289
Investment
-€483,093
Financing
-€41,616
Cash 2024
€58,990
From operations (derived)
+€488,289
Net result for the year
+€541,509
Depreciation
+€4,584
Receivables within one year
-€39,031
Deferred charges and accrued income
+€5,268
Provisions
+€170,411
Trade debts
-€10,151
Tax, wage and social debts
+€3,439
Other debts
-€187,741
Investment (derived)
-€483,093
Investment in fixed assets (net)
-€533,007
Current investments
+€49,914
Financing
-€41,616
Debts after one year
-€40,000
Contributions, distributions and other
-€1,616
Cash 2025
€22,570
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,259,865 | €3,735,716 | +€475,852 | +14.6% |
| Fixed assets | 21/28 | €3,136,869 | €3,665,292 | +€528,423 | +16.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,785,096 | €3,313,519 | +€528,423 | +19.0% |
| Land and buildings | 22 | €1,960,349 | €1,813,807 | -€146,543 | -7.5% |
| Plant, machinery and equipment | 23 | €303 | €1,722 | +€1,420 | +469% |
| Furniture and vehicles | 24 | €7,851 | €8,838 | +€987 | +12.6% |
| Assets under construction and advance payments | 27 | €816,594 | €1,489,152 | +€672,559 | +82.4% |
| Financial fixed assets | 28 | €351,773 | €351,773 | = | 0.0% |
| Current assets | 29/58 | €122,995 | €70,424 | -€52,571 | -42.7% |
| Amounts receivable within one year | 40/41 | €2,180 | €41,211 | +€39,031 | +1,791% |
| Trade receivables | 40 | €0 | €40,200 | +€40,200 | |
| Other amounts receivable | 41 | €2,180 | €1,011 | -€1,169 | -53.6% |
| Current investments | 50/53 | €54,758 | €4,844 | -€49,914 | -91.2% |
| Cash at bank and in hand | 54/58 | €58,990 | €22,570 | -€36,420 | -61.7% |
| Deferred charges and accrued income | 490/1 | €7,068 | €1,800 | -€5,268 | -74.5% |
| Total equity and liabilities | 10/49 | €3,259,865 | €3,735,716 | +€475,852 | +14.6% |
| Equity | 10/15 | €536,053 | €1,075,946 | +€539,893 | +101% |
| Contributions | 10/11 | €260,032 | €260,032 | = | 0.0% |
| Revaluation surpluses | 12 | €211,105 | €209,489 | -€1,616 | -0.8% |
| Reserves | 13 | €22,350 | €533,582 | +€511,232 | +2,287% |
| Tax-exempt reserves | 132 | - | €511,232 | +€511,232 | |
| Distributable reserves | 133 | €22,350 | €22,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,566 | €72,843 | +€30,277 | +71.1% |
| Provisions and deferred taxes | 16 | - | €170,411 | +€170,411 | |
| Deferred taxes | 168 | - | €170,411 | +€170,411 | |
| Amounts payable | 17/49 | €2,723,812 | €2,489,359 | -€234,452 | -8.6% |
| Amounts payable after more than one year | 17 | €320,000 | €280,000 | -€40,000 | -12.5% |
| Financial debts | 170/4 | €320,000 | €280,000 | -€40,000 | -12.5% |
| Amounts payable within one year | 42/48 | €2,403,812 | €2,209,359 | -€194,452 | -8.1% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €31,198 | €21,047 | -€10,151 | -32.5% |
| Suppliers | 440/4 | €31,198 | €21,047 | -€10,151 | -32.5% |
| Taxes, remuneration and social security | 45 | €7,560 | €10,999 | +€3,439 | +45.5% |
| Taxes | 450/3 | €1,059 | €3,800 | +€2,742 | +259% |
| Remuneration and social security | 454/9 | €6,502 | €7,199 | +€697 | +10.7% |
| Other amounts payable | 47/48 | €2,325,053 | €2,137,313 | -€187,741 | -8.1% |
| Remuneration, social security and pensions | 62 | €37,994 | €39,147 | +€1,153 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,944 | €4,584 | -€14,360 | -75.8% |
| Other operating charges | 640/8 | €1,527 | €1,575 | +€48 | +3.1% |
| Gross operating margin | 9900 | €61,802 | €767,483 | +€705,682 | +1,142% |
| Operating profit (loss) | 9901 | €3,336 | €722,177 | +€718,841 | +21,545% |
| Financial income | 75/76B | €2,526 | €4,628 | +€2,102 | +83.2% |
| Recurring financial income | 75 | €2,526 | €4,628 | +€2,102 | +83.2% |
| Financial charges | 65/66B | €20,373 | €14,885 | -€5,488 | -26.9% |
| Recurring financial charges | 65 | €20,373 | €14,885 | -€5,488 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,511 | €711,920 | +€726,430 | |
| Transfer to deferred taxes | 680 | - | €170,411 | +€170,411 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€14,511 | €541,509 | +€556,020 | |
| Transfer to tax-exempt reserves | 689 | - | €511,232 | +€511,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,511 | €30,277 | +€44,788 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.