PGS RODANAR PALLETS: what changed
What changed
PGS RODANAR PALLETS
NACE 16.240, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.6m-€345,240
Equity
€10.0m
2024 · €10.0m+€27,340
Cash
€593,055
2024 · €984,659-€391,604
Balance sheet total
€19.2m
2024 · €18.4m+€789,156
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+19.9%), from €8.8m to €10.5m
of which Trade receivables: +€1.4m
- Stocks and contracts -€1.6m
down €1.6m (-29.9%), from €5.3m to €3.7m
- Tangible fixed assets +€985,929
up €985,929 (+49.3%), from €2.0m to €3.0m
of which Plant, machinery and equipment: +€942,284
- Cash -€391,604
down €391,604 (-39.8%), from €984,659 to €593,055
mainly Contributions, distributions and other (-€2.3m) and Investment in fixed assets (net) (-€1.8m)
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+30.3%), from €3.7m to €4.8m
- Short-term financial debts +€623,951
new in 2025: €623,951
- Other debts -€325,000
down €325,000 (-12.6%), from €2.6m to €2.3m
- Debts after one year -€245,472
down €245,472 (-20.1%), from €1.2m to €977,740
- Current portion of long-term debt -€203,957
down €203,957 (-45.4%), from €449,429 to €245,472
Income statement
- Goods and materials +€7.6m
up €7.6m (+25.3%), from €30.0m to €37.6m
of which Purchases: +€5.2m
- Turnover +€4.8m
up €4.8m (+10.5%), from €45.7m to €50.5m
- Financial income +€1.5m
up €1.5m (+1,623%), from €91,264 to €1.6m
- Taxes -€529,753
down €529,753 (-66.5%), from €797,220 to €267,467
of which Taxes: -€529,778
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
€2.6m
Turnover
+€4.8m
Other operating income
+€416,254
Goods and materials
-€7.6m
Services and other goods
-€405,815
Staff costs
-€288,299
Depreciation
-€116,711
Write-downs
+€4,368
Other operating charges
+€10,251
Other operating items
+€821,940
Financial income
+€1.5m
Financial charges
-€24,211
Taxes
+€529,753
Result 2025
€2.3m
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
+€3.4m
Investment
-€1.8m
Financing
-€2.1m
Cash 2024
€984,659
From operations (derived)
+€3.4m
Net result for the year
+€2.3m
Depreciation
+€725,219
Stocks and contracts
+€1.6m
Receivables within one year
-€1.7m
Deferred charges and accrued income
+€8,365
Trade debts
+€1.1m
Tax, wage and social debts
-€121,295
Other debts
-€325,000
Accrued charges and deferred income
-€93,454
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
-€2.1m
Debts after one year
-€245,472
Current portion of long-term debt
-€203,957
Short-term financial debts
+€623,951
Contributions, distributions and other
-€2.3m
Cash 2025
€593,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,368,275 | €19,157,431 | +€789,156 | +4.3% |
| Fixed assets | 21/28 | €3,227,559 | €4,258,579 | +€1.0m | +31.9% |
| Tangible fixed assets | 22/27 | €1,998,245 | €2,984,174 | +€985,929 | +49.3% |
| Land and buildings | 22 | €508,589 | €395,551 | -€113,037 | -22.2% |
| Plant, machinery and equipment | 23 | €1,355,787 | €2,298,071 | +€942,284 | +69.5% |
| Furniture and vehicles | 24 | €38,035 | €216,153 | +€178,118 | +468% |
| Other tangible fixed assets | 26 | €95,834 | €74,399 | -€21,435 | -22.4% |
| Financial fixed assets | 28 | €1,229,315 | €1,274,405 | +€45,090 | +3.7% |
| Affiliated companies | 280/1 | €1,100,000 | €1,100,000 | = | 0.0% |
| Participating interests | 280 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €129,315 | €174,405 | +€45,090 | +34.9% |
| Amounts receivable and cash guarantees | 285/8 | €129,315 | €174,405 | +€45,090 | +34.9% |
| Current assets | 29/58 | €15,140,715 | €14,898,852 | -€241,863 | -1.6% |
| Stocks and contracts in progress | 3 | €5,310,776 | €3,722,046 | -€1.6m | -29.9% |
| Stocks | 30/36 | €5,310,776 | €3,722,046 | -€1.6m | -29.9% |
| Raw materials and consumables | 30/31 | €3,403,662 | €2,120,086 | -€1.3m | -37.7% |
| Finished goods | 33 | €1,907,114 | €1,601,960 | -€305,155 | -16.0% |
| Amounts receivable within one year | 40/41 | €8,759,846 | €10,506,682 | +€1.7m | +19.9% |
| Trade receivables | 40 | €8,539,588 | €9,939,129 | +€1.4m | +16.4% |
| Other amounts receivable | 41 | €220,258 | €567,553 | +€347,295 | +158% |
| Cash at bank and in hand | 54/58 | €984,659 | €593,055 | -€391,604 | -39.8% |
| Deferred charges and accrued income | 490/1 | €85,434 | €77,069 | -€8,365 | -9.8% |
| Total equity and liabilities | 10/49 | €18,368,275 | €19,157,431 | +€789,156 | +4.3% |
| Equity | 10/15 | €9,958,031 | €9,985,371 | +€27,340 | +0.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €9,658,031 | €9,685,371 | +€27,340 | +0.3% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,385,091 | €6,385,091 | = | 0.0% |
| Distributable reserves | 133 | €3,242,940 | €3,270,280 | +€27,340 | +0.8% |
| Amounts payable | 17/49 | €8,410,244 | €9,172,060 | +€761,816 | +9.1% |
| Amounts payable after more than one year | 17 | €1,223,211 | €977,740 | -€245,472 | -20.1% |
| Financial debts | 170/4 | €1,223,211 | €977,740 | -€245,472 | -20.1% |
| Credit institutions | 173 | €1,223,211 | €977,740 | -€245,472 | -20.1% |
| Amounts payable within one year | 42/48 | €7,089,925 | €8,190,666 | +€1.1m | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €449,429 | €245,472 | -€203,957 | -45.4% |
| Financial debts | 43 | - | €623,951 | +€623,951 | |
| Credit institutions | 430/8 | - | €623,951 | +€623,951 | |
| Trade debts | 44 | €3,718,652 | €4,845,695 | +€1.1m | +30.3% |
| Suppliers | 440/4 | €3,718,652 | €4,845,695 | +€1.1m | +30.3% |
| Taxes, remuneration and social security | 45 | €346,844 | €225,549 | -€121,295 | -35.0% |
| Taxes | 450/3 | €156,461 | €4,813 | -€151,649 | -96.9% |
| Remuneration and social security | 454/9 | €190,382 | €220,736 | +€30,354 | +15.9% |
| Other amounts payable | 47/48 | €2,575,000 | €2,250,000 | -€325,000 | -12.6% |
| Accrued charges and deferred income | 492/3 | €97,108 | €3,654 | -€93,454 | -96.2% |
| Operating income | 70/76A | €46,171,541 | €52,194,623 | +€6.0m | +13.0% |
| Turnover | 70 | €45,693,900 | €50,497,688 | +€4.8m | +10.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €269,795 | -€305,155 | -€574,950 | |
| Other operating income | 74 | €202,468 | €618,722 | +€416,254 | +206% |
| Non-recurring operating income | 76A | €5,377 | €1,383,367 | +€1.4m | +25,626% |
| Operating charges | 60/66A | €42,614,559 | €50,970,088 | +€8.4m | +19.6% |
| Goods for resale, raw materials and consumables | 60 | €29,992,574 | €37,570,797 | +€7.6m | +25.3% |
| Purchases | 600/8 | €31,037,421 | €36,287,221 | +€5.2m | +16.9% |
| Change in stocks: decrease (increase) | 609 | -€1,044,847 | €1,283,576 | +€2.3m | |
| Services and other goods | 61 | €10,465,649 | €10,871,464 | +€405,815 | +3.9% |
| Remuneration, social security and pensions | 62 | €1,477,228 | €1,765,526 | +€288,299 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €608,508 | €725,219 | +€116,711 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,368 | -€4,368 | |
| Other operating charges | 640/8 | €51,701 | €41,450 | -€10,251 | -19.8% |
| Non-recurring operating charges | 66A | €18,900 | €0 | -€18,900 | -100% |
| Operating profit (loss) | 9901 | €3,556,982 | €1,224,535 | -€2.3m | -65.6% |
| Financial income | 75/76B | €91,264 | €1,572,928 | +€1.5m | +1,623% |
| Recurring financial income | 75 | €91,264 | €1,572,928 | +€1.5m | +1,623% |
| Income from financial fixed assets | 750 | - | €1,500,000 | +€1.5m | |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €91,264 | €72,928 | -€18,336 | -20.1% |
| Financial charges | 65/66B | €228,445 | €252,656 | +€24,211 | +10.6% |
| Recurring financial charges | 65 | €228,445 | €252,656 | +€24,211 | +10.6% |
| Debt charges | 650 | €202,932 | €235,624 | +€32,692 | +16.1% |
| Other financial charges | 652/9 | €25,513 | €17,032 | -€8,481 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €3,419,801 | €2,544,807 | -€874,993 | -25.6% |
| Income taxes | 67/77 | €797,220 | €267,467 | -€529,753 | -66.5% |
| Taxes | 670/3 | €797,245 | €267,467 | -€529,778 | -66.5% |
| Tax adjustments and reversals of tax provisions | 77 | €25 | €0 | -€25 | -100% |
| Profit (loss) for the period | 9904 | €2,622,581 | €2,277,340 | -€345,240 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,622,581 | €2,277,340 | -€345,240 | -13.2% |
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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 4 November 2026 via checked.be.