Fieles: 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
Fieles
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€222,461
2024 · €305,128-€82,667
Equity
€468,995
2024 · €748,199-€279,205
Cash
€213,007
2024 · €222,452-€9,444
Balance sheet total
€1.3m
2024 · €1.4m-€47,608
Largest movements
Assets
- Stocks and contracts -€95,959
down €95,959 (-9.0%), from €1.1m to €966,509
- Receivables within one year +€44,842
up €44,842 (+100.5%), from €44,602 to €89,444
of which Trade receivables: +€24,700
- Current investments +€20,000
new in 2025: €20,000
Equity and liabilities
- Other debts +€308,733
up €308,733 (+162.4%), from €190,095 to €498,828
- Reserves -€279,205
down €279,205 (-38.3%), from €728,199 to €448,995
- Short-term financial debts -€79,989
down €79,989 (-26.7%), from €300,000 to €220,012
Income statement
- Gross operating margin -€75,334
down €75,334 (-12.8%), from €590,805 to €515,471
- Write-downs +€41,426
new in 2025: €41,426
- Taxes -€27,704
down €27,704 (-28.3%), from €97,729 to €70,024
- Staff costs -€14,700
down €14,700 (-9.6%), from €153,575 to €138,875
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
€305,128
Gross operating margin
-€75,334
Staff costs
+€14,700
Depreciation
-€2,812
Write-downs
-€41,426
Other operating charges
-€865
Other operating items
-€1,010
Financial income
-€741
Financial charges
-€2,884
Taxes
+€27,704
Result 2025
€222,461
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
+€604,080
Investment
-€31,870
Financing
-€581,655
Cash 2024
€222,452
From operations (derived)
+€604,080
Net result for the year
+€222,461
Depreciation
+€18,979
Stocks and contracts
+€95,959
Receivables within one year
-€44,842
Smaller working-capital items
-€1,136
Trade debts
-€2,783
Tax, wage and social debts
+€6,709
Other debts
+€308,733
Investment (derived)
-€31,870
Investment in fixed assets (net)
-€11,870
Current investments
-€20,000
Financing
-€581,655
Short-term financial debts
-€79,989
Contributions, distributions and other
-€501,666
Cash 2025
€213,007
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,372,725 | €1,325,117 | -€47,608 | -3.5% |
| Fixed assets | 21/28 | €37,366 | €30,258 | -€7,108 | -19.0% |
| Intangible fixed assets | 21 | €1,378 | €61 | -€1,317 | -95.6% |
| Tangible fixed assets | 22/27 | €35,938 | €30,147 | -€5,792 | -16.1% |
| Plant, machinery and equipment | 23 | €20,006 | €18,906 | -€1,100 | -5.5% |
| Furniture and vehicles | 24 | €4,016 | €2,717 | -€1,299 | -32.3% |
| Other tangible fixed assets | 26 | €11,916 | €8,523 | -€3,393 | -28.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,335,359 | €1,294,859 | -€40,500 | -3.0% |
| Stocks and contracts in progress | 3 | €1,062,469 | €966,509 | -€95,959 | -9.0% |
| Stocks | 30/36 | €1,062,469 | €966,509 | -€95,959 | -9.0% |
| Amounts receivable within one year | 40/41 | €44,602 | €89,444 | +€44,842 | +100.5% |
| Trade receivables | 40 | €43,650 | €68,350 | +€24,700 | +56.6% |
| Other amounts receivable | 41 | €952 | €21,093 | +€20,142 | +2116.8% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €222,452 | €213,007 | -€9,444 | -4.2% |
| Deferred charges and accrued income | 490/1 | €5,837 | €5,899 | +€62 | +1.1% |
| Total equity and liabilities | 10/49 | €1,372,725 | €1,325,117 | -€47,608 | -3.5% |
| Equity | 10/15 | €748,199 | €468,995 | -€279,205 | -37.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €728,199 | €448,995 | -€279,205 | -38.3% |
| Distributable reserves | 133 | €728,199 | €448,995 | -€279,205 | -38.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €624,526 | €856,122 | +€231,596 | +37.1% |
| Amounts payable within one year | 42/48 | €611,372 | €843,287 | +€231,915 | +37.9% |
| Financial debts | 43 | €300,000 | €220,012 | -€79,989 | -26.7% |
| Credit institutions | 430/8 | €300,000 | €220,012 | -€79,989 | -26.7% |
| Trade debts | 44 | €70,937 | €68,153 | -€2,783 | -3.9% |
| Suppliers | 440/4 | €70,937 | €68,153 | -€2,783 | -3.9% |
| Advances received on contracts in progress | 46 | €3,026 | €2,271 | -€755 | -25.0% |
| Taxes, remuneration and social security | 45 | €47,314 | €54,023 | +€6,709 | +14.2% |
| Taxes | 450/3 | €16,147 | €28,752 | +€12,605 | +78.1% |
| Remuneration and social security | 454/9 | €31,167 | €25,271 | -€5,896 | -18.9% |
| Other amounts payable | 47/48 | €190,095 | €498,828 | +€308,733 | +162.4% |
| Accrued charges and deferred income | 492/3 | €13,154 | €12,836 | -€318 | -2.4% |
| Non-recurring operating income | 76A | €728 | €0 | -€728 | -100.0% |
| Remuneration, social security and pensions | 62 | €153,575 | €138,875 | -€14,700 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,167 | €18,979 | +€2,812 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,426 | +€41,426 | |
| Other operating charges | 640/8 | €1,289 | €2,154 | +€865 | +67.1% |
| Non-recurring operating charges | 66A | €988 | €1,999 | +€1,010 | +102.2% |
| Gross operating margin | 9900 | €590,805 | €515,471 | -€75,334 | -12.8% |
| Operating profit (loss) | 9901 | €418,785 | €312,038 | -€106,747 | -25.5% |
| Financial income | 75/76B | €18,291 | €17,551 | -€741 | -4.0% |
| Recurring financial income | 75 | €18,291 | €17,551 | -€741 | -4.0% |
| Financial charges | 65/66B | €34,220 | €37,104 | +€2,884 | +8.4% |
| Recurring financial charges | 65 | €34,220 | €37,104 | +€2,884 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €402,857 | €292,486 | -€110,371 | -27.4% |
| Income taxes | 67/77 | €97,729 | €70,024 | -€27,704 | -28.3% |
| Profit (loss) for the period | 9904 | €305,128 | €222,461 | -€82,667 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €305,128 | €222,461 | -€82,667 | -27.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.