DE PALENBOER: what changed
What changed
DE PALENBOER
NACE 46.832, Wholesale of timber
filed annual accounts (NBB)
Net result for the year
€249,531
2024 · €183,131+€66,400
Equity
€1.2m
2024 · €1.1m+€131,883
Cash
€275,831
2024 · €325,639-€49,808
Balance sheet total
€1.7m
2024 · €1.5m+€145,749
Largest movements
Assets
- Stocks and contracts +€185,422
up €185,422 (+22.0%), from €842,462 to €1.0m
- Cash -€49,808
down €49,808 (-15.3%), from €325,639 to €275,831
mainly Stocks and contracts (-€185,422) and Contributions, distributions and other (-€117,647)
- Tangible fixed assets -€41,961
down €41,961 (-13.5%), from €309,691 to €267,730
of which Furniture and vehicles: -€28,401
- Receivables within one year +€40,694
up €40,694 (+128%), from €31,888 to €72,583
of which Trade receivables: +€32,394
Equity and liabilities
- Reserves +€131,883
up €131,883 (+12.5%), from €1.1m to €1.2m
- Short-term financial debts +€100,000
new in 2025: €100,000
- Other debts -€70,300
down €70,300 (-25.2%), from €278,754 to €208,454
Income statement
- Gross operating margin +€82,794
up €82,794 (+13.3%), from €622,057 to €704,852
- Taxes +€17,347
up €17,347 (+27.7%), from €62,734 to €80,081
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
€183,131
Gross operating margin
+€82,794
Staff costs
-€6,254
Depreciation
+€5,049
Other operating charges
+€199
Other operating items
+€5,670
Financial income
-€1,480
Financial charges
-€2,232
Taxes
-€17,347
Result 2025
€249,531
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
+€54,509
Investment
-€68,870
Financing
-€35,446
Cash 2024
€325,639
From operations (derived)
+€54,509
Net result for the year
+€249,531
Depreciation
+€110,831
Stocks and contracts
-€185,422
Receivables within one year
-€40,694
Deferred charges and accrued income
-€11,402
Trade debts
-€6,332
Tax, wage and social debts
+€5,620
Other debts
-€70,300
Accrued charges and deferred income
+€2,677
Investment (derived)
-€68,870
Investment in fixed assets (net)
-€68,870
Financing
-€35,446
Debts after one year
-€7,532
Current portion of long-term debt
-€10,267
Short-term financial debts
+€100,000
Contributions, distributions and other
-€117,647
Cash 2025
€275,831
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,523,851 | €1,669,600 | +€145,749 | +9.6% |
| Fixed assets | 21/28 | €309,691 | €267,730 | -€41,961 | -13.5% |
| Tangible fixed assets | 22/27 | €309,691 | €267,730 | -€41,961 | -13.5% |
| Land and buildings | 22 | €135,035 | €122,067 | -€12,968 | -9.6% |
| Plant, machinery and equipment | 23 | €82,728 | €99,598 | +€16,870 | +20.4% |
| Furniture and vehicles | 24 | €63,552 | €35,151 | -€28,401 | -44.7% |
| Leasing and similar rights | 25 | €28,375 | €10,914 | -€17,461 | -61.5% |
| Current assets | 29/58 | €1,214,161 | €1,401,870 | +€187,710 | +15.5% |
| Stocks and contracts in progress | 3 | €842,462 | €1,027,883 | +€185,422 | +22.0% |
| Stocks | 30/36 | €842,462 | €1,027,883 | +€185,422 | +22.0% |
| Amounts receivable within one year | 40/41 | €31,888 | €72,583 | +€40,694 | +128% |
| Trade receivables | 40 | €31,888 | €64,283 | +€32,394 | +102% |
| Other amounts receivable | 41 | - | €8,300 | +€8,300 | |
| Cash at bank and in hand | 54/58 | €325,639 | €275,831 | -€49,808 | -15.3% |
| Deferred charges and accrued income | 490/1 | €14,171 | €25,573 | +€11,402 | +80.5% |
| Total equity and liabilities | 10/49 | €1,523,851 | €1,669,600 | +€145,749 | +9.6% |
| Equity | 10/15 | €1,077,842 | €1,209,726 | +€131,883 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,059,242 | €1,191,126 | +€131,883 | +12.5% |
| Distributable reserves | 133 | €1,059,242 | €1,191,126 | +€131,883 | +12.5% |
| Amounts payable | 17/49 | €446,009 | €459,874 | +€13,865 | +3.1% |
| Amounts payable after more than one year | 17 | €16,063 | €8,531 | -€7,532 | -46.9% |
| Financial debts | 170/4 | €16,063 | €8,531 | -€7,532 | -46.9% |
| Amounts payable within one year | 42/48 | €423,448 | €442,169 | +€18,721 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €33,155 | €22,888 | -€10,267 | -31.0% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €79,091 | €72,759 | -€6,332 | -8.0% |
| Suppliers | 440/4 | €79,091 | €72,759 | -€6,332 | -8.0% |
| Taxes, remuneration and social security | 45 | €32,449 | €38,069 | +€5,620 | +17.3% |
| Taxes | 450/3 | €5,453 | €19,762 | +€14,309 | +262% |
| Remuneration and social security | 454/9 | €26,996 | €18,306 | -€8,690 | -32.2% |
| Other amounts payable | 47/48 | €278,754 | €208,454 | -€70,300 | -25.2% |
| Accrued charges and deferred income | 492/3 | €6,497 | €9,174 | +€2,677 | +41.2% |
| Remuneration, social security and pensions | 62 | €239,348 | €245,602 | +€6,254 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,880 | €110,831 | -€5,049 | -4.4% |
| Other operating charges | 640/8 | €2,101 | €1,902 | -€199 | -9.5% |
| Non-recurring operating charges | 66A | €5,670 | - | -€5,670 | |
| Gross operating margin | 9900 | €622,057 | €704,852 | +€82,794 | +13.3% |
| Operating profit (loss) | 9901 | €259,058 | €346,517 | +€87,458 | +33.8% |
| Financial income | 75/76B | €2,730 | €1,250 | -€1,480 | -54.2% |
| Recurring financial income | 75 | €2,730 | €1,250 | -€1,480 | -54.2% |
| Financial charges | 65/66B | €15,923 | €18,156 | +€2,232 | +14.0% |
| Recurring financial charges | 65 | €15,923 | €18,156 | +€2,232 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €245,865 | €329,611 | +€83,747 | +34.1% |
| Income taxes | 67/77 | €62,734 | €80,081 | +€17,347 | +27.7% |
| Profit (loss) for the period | 9904 | €183,131 | €249,531 | +€66,400 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €183,131 | €249,531 | +€66,400 | +36.3% |
Next steps
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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 3 November 2026 via checked.be.