DE FIETSENMAKER: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
DE FIETSENMAKER
NACE 47.632, Retail sale of bicycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,819
2024 · €58,920+€4,899
Equity
€426,724
2024 · €449,211-€22,487
Cash
€158,093
2024 · €291,373-€133,280
Balance sheet total
€1.8m
2024 · €2.0m-€202,803
Largest movements
Assets
- Cash -€133,280
down €133,280 (-45.7%), from €291,373 to €158,093
mainly Trade debts (-€92,887) and Contributions, distributions and other (-€86,306)
- Stocks and contracts -€56,071
down €56,071 (-4.2%), from €1.3m to €1.3m
Equity and liabilities
- Trade debts -€92,887
down €92,887 (-31.5%), from €294,549 to €201,662
- Short-term financial debts -€59,232
down €59,232 (-26.1%), from €226,616 to €167,384
- Debts after one year -€39,998
down €39,998 (-5.2%), from €762,026 to €722,028
of which Financial debts: -€59,998
- Reserves -€22,487
down €22,487 (-5.2%), from €430,611 to €408,124
Income statement
- Gross operating margin -€52,397
down €52,397 (-8.8%), from €594,379 to €541,982
- Staff costs -€47,905
down €47,905 (-11.1%), from €432,963 to €385,058
- Depreciation -€8,504
down €8,504 (-15.5%), from €54,965 to €46,461
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€58,920
Gross operating margin
-€52,397
Staff costs
+€47,905
Depreciation
+€8,504
Other operating charges
-€23
Financial income
+€3,719
Financial charges
+€1,246
Taxes
-€4,055
Result 2025
€63,819
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€84,338
Investment
-€34,324
Financing
-€183,294
Cash 2024
€291,373
From operations (derived)
+€84,338
Net result for the year
+€63,819
Depreciation
+€46,461
Stocks and contracts
+€56,071
Receivables within one year
+€1,244
Deferred charges and accrued income
+€70
Trade debts
-€92,887
Tax, wage and social debts
-€19,431
Advances received
+€8,097
Other debts
+€14,225
Accrued charges and deferred income
+€6,668
Investment (derived)
-€34,324
Investment in fixed assets (net)
-€34,324
Financing
-€183,294
Debts after one year
-€39,998
Current portion of long-term debt
+€2,242
Short-term financial debts
-€59,232
Contributions, distributions and other
-€86,306
Cash 2025
€158,093
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,966,000 | €1,763,197 | -€202,803 | -10.3% |
| Fixed assets | 21/28 | €237,079 | €224,942 | -€12,137 | -5.1% |
| Intangible fixed assets | 21 | €358 | €118 | -€240 | -67.0% |
| Tangible fixed assets | 22/27 | €236,721 | €224,824 | -€11,897 | -5.0% |
| Land and buildings | 22 | €133,164 | €123,019 | -€10,145 | -7.6% |
| Plant, machinery and equipment | 23 | €6,009 | €7,646 | +€1,638 | +27.3% |
| Furniture and vehicles | 24 | €57,986 | €58,889 | +€903 | +1.6% |
| Other tangible fixed assets | 26 | €39,562 | €35,269 | -€4,293 | -10.9% |
| Current assets | 29/58 | €1,728,921 | €1,538,255 | -€190,666 | -11.0% |
| Stocks and contracts in progress | 3 | €1,332,506 | €1,276,435 | -€56,071 | -4.2% |
| Stocks | 30/36 | €1,332,506 | €1,276,435 | -€56,071 | -4.2% |
| Amounts receivable within one year | 40/41 | €97,369 | €96,124 | -€1,244 | -1.3% |
| Trade receivables | 40 | €88,592 | €93,095 | +€4,503 | +5.1% |
| Other amounts receivable | 41 | €8,776 | €3,029 | -€5,747 | -65.5% |
| Cash at bank and in hand | 54/58 | €291,373 | €158,093 | -€133,280 | -45.7% |
| Deferred charges and accrued income | 490/1 | €7,673 | €7,603 | -€70 | -0.9% |
| Total equity and liabilities | 10/49 | €1,966,000 | €1,763,197 | -€202,803 | -10.3% |
| Equity | 10/15 | €449,211 | €426,724 | -€22,487 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,611 | €408,124 | -€22,487 | -5.2% |
| Distributable reserves | 133 | €430,611 | €408,124 | -€22,487 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,516,789 | €1,336,474 | -€180,316 | -11.9% |
| Amounts payable after more than one year | 17 | €762,026 | €722,028 | -€39,998 | -5.2% |
| Financial debts | 170/4 | €197,026 | €137,028 | -€59,998 | -30.5% |
| Other amounts payable | 178/9 | €565,000 | €585,000 | +€20,000 | +3.5% |
| Amounts payable within one year | 42/48 | €747,459 | €600,473 | -€146,986 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €72,820 | €75,062 | +€2,242 | +3.1% |
| Financial debts | 43 | €226,616 | €167,384 | -€59,232 | -26.1% |
| Credit institutions | 430/8 | €226,616 | €167,384 | -€59,232 | -26.1% |
| Trade debts | 44 | €294,549 | €201,662 | -€92,887 | -31.5% |
| Suppliers | 440/4 | €294,549 | €201,662 | -€92,887 | -31.5% |
| Advances received on contracts in progress | 46 | €0 | €8,097 | +€8,097 | |
| Taxes, remuneration and social security | 45 | €109,683 | €90,252 | -€19,431 | -17.7% |
| Taxes | 450/3 | €49,360 | €34,784 | -€14,576 | -29.5% |
| Remuneration and social security | 454/9 | €60,323 | €55,468 | -€4,855 | -8.0% |
| Other amounts payable | 47/48 | €43,791 | €58,016 | +€14,225 | +32.5% |
| Accrued charges and deferred income | 492/3 | €7,304 | €13,972 | +€6,668 | +91.3% |
| Remuneration, social security and pensions | 62 | €432,963 | €385,058 | -€47,905 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,965 | €46,461 | -€8,504 | -15.5% |
| Other operating charges | 640/8 | €2,873 | €2,896 | +€23 | +0.8% |
| Gross operating margin | 9900 | €594,379 | €541,982 | -€52,397 | -8.8% |
| Operating profit (loss) | 9901 | €103,577 | €107,567 | +€3,989 | +3.9% |
| Financial income | 75/76B | €10,325 | €14,043 | +€3,719 | +36.0% |
| Recurring financial income | 75 | €10,325 | €14,043 | +€3,719 | +36.0% |
| Financial charges | 65/66B | €33,759 | €32,512 | -€1,246 | -3.7% |
| Recurring financial charges | 65 | €33,759 | €32,512 | -€1,246 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €80,143 | €89,097 | +€8,954 | +11.2% |
| Income taxes | 67/77 | €21,224 | €25,278 | +€4,055 | +19.1% |
| Profit (loss) for the period | 9904 | €58,920 | €63,819 | +€4,899 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,920 | €63,819 | +€4,899 | +8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.