PANIS BOSBOUW: what changed
What changed
PANIS BOSBOUW
NACE 02.100, Forestry and logging
filed annual accounts (NBB)
Net result for the year
€98,441
2024 · €83,500+€14,941
Equity
€336,203
2024 · €237,762+€98,441
Cash
€1,743
2024 · €1,365+€378
Balance sheet total
€598,818
2024 · €488,005+€110,813
Largest movements
Assets
- Receivables within one year +€87,673
up €87,673 (+22.5%), from €390,368 to €478,041
of which Trade receivables: +€96,000
- Deferred charges and accrued income +€23,000
up €23,000 (+24.0%), from €96,000 to €119,000
Equity and liabilities
- Reserves +€98,441
up €98,441 (+44.9%), from €219,162 to €317,603
of which Distributable reserves: +€98,441
- Other debts +€48,397
up €48,397 (+48,876%), from €99 to €48,496
- Debts after one year -€28,477
down €28,477 (-100%), from €28,477 to €0
- Current portion of long-term debt -€13,695
down €13,695 (-32.5%), from €42,172 to €28,477
- Tax, wage and social debts +€8,583
new in 2025: €8,583
Income statement
- Gross operating margin +€28,464
up €28,464 (+33.1%), from €85,941 to €114,405
- Taxes +€14,934
new in 2025: €14,934
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
€83,500
Gross operating margin
+€28,464
Other operating charges
+€749
Financial income
-€0
Financial charges
+€662
Taxes
-€14,934
Result 2025
€98,441
raises the resultlowers the result
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
+€40,345
Investment
€0
Financing
-€39,968
Cash 2024
€1,365
From operations (derived)
+€40,345
Net result for the year
+€98,441
Depreciation
+€238
Receivables within one year
-€87,673
Deferred charges and accrued income
-€23,000
Trade debts
-€4,641
Tax, wage and social debts
+€8,583
Other debts
+€48,397
Financing
-€39,968
Debts after one year
-€28,477
Current portion of long-term debt
-€13,695
Short-term financial debts
+€2,204
Cash 2025
€1,743
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,005 | €598,818 | +€110,813 | +22.7% |
| Fixed assets | 21/28 | €273 | €35 | -€238 | -87.3% |
| Tangible fixed assets | 22/27 | €273 | €35 | -€238 | -87.3% |
| Plant, machinery and equipment | 23 | €273 | €35 | -€238 | -87.3% |
| Current assets | 29/58 | €487,732 | €598,783 | +€111,051 | +22.8% |
| Amounts receivable within one year | 40/41 | €390,368 | €478,041 | +€87,673 | +22.5% |
| Trade receivables | 40 | €214,890 | €310,890 | +€96,000 | +44.7% |
| Other amounts receivable | 41 | €175,478 | €167,151 | -€8,327 | -4.7% |
| Cash at bank and in hand | 54/58 | €1,365 | €1,743 | +€378 | +27.7% |
| Deferred charges and accrued income | 490/1 | €96,000 | €119,000 | +€23,000 | +24.0% |
| Total equity and liabilities | 10/49 | €488,005 | €598,818 | +€110,813 | +22.7% |
| Equity | 10/15 | €237,762 | €336,203 | +€98,441 | +41.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,162 | €317,603 | +€98,441 | +44.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €217,302 | €315,743 | +€98,441 | +45.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €250,243 | €262,615 | +€12,372 | +4.9% |
| Amounts payable after more than one year | 17 | €28,477 | €0 | -€28,477 | -100% |
| Financial debts | 170/4 | €28,477 | €0 | -€28,477 | -100% |
| Amounts payable within one year | 42/48 | €221,766 | €262,615 | +€40,849 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €42,172 | €28,477 | -€13,695 | -32.5% |
| Financial debts | 43 | €2,916 | €5,120 | +€2,204 | +75.6% |
| Credit institutions | 430/8 | €2,916 | €5,120 | +€2,204 | +75.6% |
| Trade debts | 44 | €176,579 | €171,938 | -€4,641 | -2.6% |
| Suppliers | 440/4 | €176,579 | €171,938 | -€4,641 | -2.6% |
| Taxes, remuneration and social security | 45 | - | €8,583 | +€8,583 | |
| Taxes | 450/3 | - | €8,583 | +€8,583 | |
| Other amounts payable | 47/48 | €99 | €48,496 | +€48,397 | +48,876% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €238 | = | 0.0% |
| Other operating charges | 640/8 | €749 | €0 | -€749 | -100% |
| Gross operating margin | 9900 | €85,941 | €114,405 | +€28,464 | +33.1% |
| Operating profit (loss) | 9901 | €84,954 | €114,167 | +€29,213 | +34.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,454 | €792 | -€662 | -45.5% |
| Recurring financial charges | 65 | €1,454 | €792 | -€662 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €83,500 | €113,375 | +€29,875 | +35.8% |
| Income taxes | 67/77 | - | €14,934 | +€14,934 | |
| Profit (loss) for the period | 9904 | €83,500 | €98,441 | +€14,941 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,500 | €98,441 | +€14,941 | +17.9% |
Next steps
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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 7 November 2026 via checked.be.