SERVICES - FOURNITURES - REALISATIONS: what changed
What changed
SERVICES - FOURNITURES - REALISATIONS
NACE 02.200, Logging
filed annual accounts (NBB)
Net result for the year
€106,131
2024 · €26,794+€79,337
Equity
€882,437
2024 · €944,806-€62,369
Cash
€120,552
2024 · €73,511+€47,041
Balance sheet total
€1.0m
2024 · €1.0m-€7,030
Largest movements
Assets
- Receivables within one year -€194,433
down €194,433 (-42.1%), from €462,203 to €267,771
of which Other amounts receivable: -€123,428
- Tangible fixed assets +€146,954
up €146,954 (+33.3%), from €441,680 to €588,634
of which Land and buildings: +€108,734
- Cash +€47,041
up €47,041 (+64.0%), from €73,511 to €120,552
mainly Receivables within one year (+€194,433) and Depreciation (+€124,818)
Equity and liabilities
- Other debts +€87,560
new in 2025: €87,560
- Reserves -€62,400
down €62,400 (-7.2%), from €863,260 to €800,860
of which Tax-exempt reserves: -€109,460
- Trade debts -€32,591
down €32,591 (-55.7%), from €58,555 to €25,964
Income statement
- Gross operating margin +€158,333
up €158,333 (+105%), from €150,801 to €309,133
- Taxes +€37,574
up €37,574 (+855%), from €4,393 to €41,967
- Depreciation +€24,453
up €24,453 (+24.4%), from €100,365 to €124,818
- Staff costs +€14,579
up €14,579 (+207%), from €7,031 to €21,609
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
€26,794
Gross operating margin
+€158,333
Staff costs
-€14,579
Depreciation
-€24,453
Other operating charges
-€2,929
Other operating items
-€63
Financial income
+€445
Financial charges
+€158
Taxes
-€37,574
Result 2025
€106,131
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
+€487,313
Investment
-€271,772
Financing
-€168,500
Cash 2024
€73,511
From operations (derived)
+€487,313
Net result for the year
+€106,131
Depreciation
+€124,818
Receivables within one year
+€194,433
Deferred charges and accrued income
+€6,593
Trade debts
-€32,591
Smaller working-capital items
+€371
Other debts
+€87,560
Investment (derived)
-€271,772
Investment in fixed assets (net)
-€271,772
Financing
-€168,500
Contributions, distributions and other
-€168,500
Cash 2025
€120,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,021,812 | €1,014,782 | -€7,030 | -0.7% |
| Fixed assets | 21/28 | €461,811 | €608,765 | +€146,954 | +31.8% |
| Tangible fixed assets | 22/27 | €441,680 | €588,634 | +€146,954 | +33.3% |
| Land and buildings | 22 | €174,156 | €282,890 | +€108,734 | +62.4% |
| Plant, machinery and equipment | 23 | €12,993 | €12,176 | -€817 | -6.3% |
| Furniture and vehicles | 24 | €254,532 | €293,568 | +€39,037 | +15.3% |
| Financial fixed assets | 28 | €20,130 | €20,130 | = | 0.0% |
| Current assets | 29/58 | €560,001 | €406,018 | -€153,984 | -27.5% |
| Amounts receivable within one year | 40/41 | €462,203 | €267,771 | -€194,433 | -42.1% |
| Trade receivables | 40 | €154,397 | €83,392 | -€71,005 | -46.0% |
| Other amounts receivable | 41 | €307,806 | €184,379 | -€123,428 | -40.1% |
| Cash at bank and in hand | 54/58 | €73,511 | €120,552 | +€47,041 | +64.0% |
| Deferred charges and accrued income | 490/1 | €24,288 | €17,695 | -€6,593 | -27.1% |
| Total equity and liabilities | 10/49 | €1,021,812 | €1,014,782 | -€7,030 | -0.7% |
| Equity | 10/15 | €944,806 | €882,437 | -€62,369 | -6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Contributions outside capital | 11 | €62,000 | - | -€62,000 | |
| Other | 1109/19 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €863,260 | €800,860 | -€62,400 | -7.2% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Legal reserve | 130 | - | €15,200 | +€15,200 | |
| Reserves not available under the articles | 1311 | €15,200 | - | -€15,200 | |
| Tax-exempt reserves | 132 | €151,560 | €42,100 | -€109,460 | -72.2% |
| Distributable reserves | 133 | €696,500 | €743,560 | +€47,060 | +6.8% |
| Profit (loss) carried forward | 14 | €19,546 | €19,577 | +€31 | +0.2% |
| Amounts payable | 17/49 | €77,006 | €132,345 | +€55,339 | +71.9% |
| Amounts payable within one year | 42/48 | €76,986 | €132,345 | +€55,359 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €58,555 | €25,964 | -€32,591 | -55.7% |
| Suppliers | 440/4 | €58,555 | €25,964 | -€32,591 | -55.7% |
| Taxes, remuneration and social security | 45 | €3,431 | €3,821 | +€390 | +11.4% |
| Taxes | 450/3 | €2,347 | €53 | -€2,294 | -97.7% |
| Remuneration and social security | 454/9 | €1,084 | €3,768 | +€2,684 | +248% |
| Other amounts payable | 47/48 | - | €87,560 | +€87,560 | |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Non-recurring operating income | 76A | €95 | - | -€95 | |
| Remuneration, social security and pensions | 62 | €7,031 | €21,609 | +€14,579 | +207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,365 | €124,818 | +€24,453 | +24.4% |
| Other operating charges | 640/8 | €11,832 | €14,760 | +€2,929 | +24.8% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €150,801 | €309,133 | +€158,333 | +105% |
| Operating profit (loss) | 9901 | €31,573 | €147,882 | +€116,309 | +368% |
| Financial income | 75/76B | €838 | €1,283 | +€445 | +53.1% |
| Recurring financial income | 75 | €838 | €1,283 | +€445 | +53.1% |
| Financial charges | 65/66B | €1,224 | €1,066 | -€158 | -12.9% |
| Recurring financial charges | 65 | €1,224 | €1,066 | -€158 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €31,187 | €148,099 | +€116,911 | +375% |
| Income taxes | 67/77 | €4,393 | €41,967 | +€37,574 | +855% |
| Profit (loss) for the period | 9904 | €26,794 | €106,131 | +€79,337 | +296% |
| Transfer from tax-exempt reserves | 789 | - | €151,560 | +€151,560 | |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,794 | €215,591 | +€188,797 | +705% |
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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 8 November 2026 via checked.be.