FIETS ATELJEE VERMEULEN: what changed
Two financial 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.
FIETS ATELJEE VERMEULEN
Largest movements
- Cash +€160,481
up €160,481 (+104%), from €154,726 to €315,207
mainly Other debts (+€160,363) and Net result for the year (+€114,469)
- Receivables within one year -€93,618
down €93,618 (-74.8%), from €125,150 to €31,532
of which Trade receivables: -€76,189
- Stocks and contracts +€17,731
up €17,731 (+5.9%), from €301,634 to €319,364
- Other debts +€160,363
up €160,363 (+108%), from €147,866 to €308,229
- Reserves -€89,031
down €89,031 (-26.8%), from €331,990 to €242,959
- Tax, wage and social debts +€49,097
up €49,097 (+72.5%), from €67,715 to €116,812
of which Taxes: +€45,100
- Trade debts -€46,048
down €46,048 (-78.9%), from €58,354 to €12,306
- Accrued charges and deferred income +€9,619
new in 2025: €9,619
- Staff costs +€22,067
up €22,067 (+106%), from €20,766 to €42,833
- Financial charges +€7,141
up €7,141 (+48.4%), from €14,758 to €21,899
- Gross operating margin +€4,179
up €4,179 (+1.9%), from €225,477 to €229,655
- Taxes -€3,425
down €3,425 (-6.4%), from €53,862 to €50,436
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,925 | €694,925 | +€84,000 | +13.7% |
| Fixed assets | 21/28 | €24,798 | €25,686 | +€888 | +3.6% |
| Tangible fixed assets | 22/27 | €24,798 | €25,686 | +€888 | +3.6% |
| Plant, machinery and equipment | 23 | €13,405 | €12,276 | -€1,129 | -8.4% |
| Other tangible fixed assets | 26 | €11,393 | €13,411 | +€2,017 | +17.7% |
| Current assets | 29/58 | €586,127 | €669,238 | +€83,112 | +14.2% |
| Stocks and contracts in progress | 3 | €301,634 | €319,364 | +€17,731 | +5.9% |
| Stocks | 30/36 | €301,634 | €319,364 | +€17,731 | +5.9% |
| Amounts receivable within one year | 40/41 | €125,150 | €31,532 | -€93,618 | -74.8% |
| Trade receivables | 40 | €107,615 | €31,427 | -€76,189 | -70.8% |
| Other amounts receivable | 41 | €17,534 | €105 | -€17,429 | -99.4% |
| Cash at bank and in hand | 54/58 | €154,726 | €315,207 | +€160,481 | +104% |
| Deferred charges and accrued income | 490/1 | €4,618 | €3,135 | -€1,483 | -32.1% |
| Total equity and liabilities | 10/49 | €610,925 | €694,925 | +€84,000 | +13.7% |
| Equity | 10/15 | €336,990 | €247,959 | -€89,031 | -26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €331,990 | €242,959 | -€89,031 | -26.8% |
| Distributable reserves | 133 | €331,990 | €242,959 | -€89,031 | -26.8% |
| Amounts payable | 17/49 | €273,934 | €446,966 | +€173,031 | +63.2% |
| Amounts payable within one year | 42/48 | €273,934 | €437,346 | +€163,412 | +59.7% |
| Trade debts | 44 | €58,354 | €12,306 | -€46,048 | -78.9% |
| Suppliers | 440/4 | €58,354 | €12,306 | -€46,048 | -78.9% |
| Taxes, remuneration and social security | 45 | €67,715 | €116,812 | +€49,097 | +72.5% |
| Taxes | 450/3 | €64,349 | €109,449 | +€45,100 | +70.1% |
| Remuneration and social security | 454/9 | €3,366 | €7,364 | +€3,997 | +119% |
| Other amounts payable | 47/48 | €147,866 | €308,229 | +€160,363 | +108% |
| Accrued charges and deferred income | 492/3 | - | €9,619 | +€9,619 | |
| Remuneration, social security and pensions | 62 | €20,766 | €42,833 | +€22,067 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,197 | €4,594 | +€1,397 | +43.7% |
| Other operating charges | 640/8 | €1,998 | €3,868 | +€1,870 | +93.6% |
| Gross operating margin | 9900 | €225,477 | €229,655 | +€4,179 | +1.9% |
| Operating profit (loss) | 9901 | €199,516 | €178,360 | -€21,156 | -10.6% |
| Financial income | 75/76B | €8,472 | €8,444 | -€28 | -0.3% |
| Recurring financial income | 75 | €8,472 | €8,444 | -€28 | -0.3% |
| Financial charges | 65/66B | €14,758 | €21,899 | +€7,141 | +48.4% |
| Recurring financial charges | 65 | €14,758 | €21,899 | +€7,141 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €193,229 | €164,905 | -€28,325 | -14.7% |
| Income taxes | 67/77 | €53,862 | €50,436 | -€3,425 | -6.4% |
| Profit (loss) for the period | 9904 | €139,368 | €114,469 | -€24,899 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,368 | €114,469 | -€24,899 | -17.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.