FIETSBAR: 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.
FIETSBAR
Largest movements
- Cash +€34,976
up €34,976 (+65.3%), from €53,593 to €88,569
mainly Net result for the year (+€33,456) and Stocks and contracts (+€22,641)
- Stocks and contracts -€22,641
down €22,641 (-36.0%), from €62,951 to €40,310
- Receivables within one year -€4,828
down €4,828 (-20.8%), from €23,212 to €18,385
of which Other amounts receivable: -€3,941
- Reserves +€15,808
up €15,808 (+18.9%), from €83,422 to €99,230
- Debts after one year -€12,297
down €12,297 (-4.7%), from €259,751 to €247,455
- Other debts +€11,266
up €11,266 (+52.2%), from €21,587 to €32,853
- Trade debts -€9,274
down €9,274 (-59.3%), from €15,630 to €6,356
- Advances received +€6,494
up €6,494 (+4192.2%), from €155 to €6,649
- Gross operating margin +€26,426
up €26,426 (+49.5%), from €53,383 to €79,810
- Taxes +€5,500
up €5,500 (+125.0%), from €4,400 to €9,900
- Staff costs +€3,074
up €3,074 (+309.4%), from €993 to €4,067
- Financial charges -€1,549
down €1,549 (-13.6%), from €11,366 to €9,817
- Depreciation +€1,410
up €1,410 (+7.5%), from €18,860 to €20,270
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,660 | €433,071 | +€10,411 | +2.5% |
| Fixed assets | 21/28 | €282,518 | €283,574 | +€1,056 | +0.4% |
| Tangible fixed assets | 22/27 | €282,518 | €283,574 | +€1,056 | +0.4% |
| Land and buildings | 22 | €274,065 | €273,460 | -€605 | -0.2% |
| Plant, machinery and equipment | 23 | €6,296 | €5,234 | -€1,062 | -16.9% |
| Furniture and vehicles | 24 | €2,157 | €4,880 | +€2,723 | +126.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €140,142 | €149,497 | +€9,355 | +6.7% |
| Stocks and contracts in progress | 3 | €62,951 | €40,310 | -€22,641 | -36.0% |
| Stocks | 30/36 | €62,951 | €40,310 | -€22,641 | -36.0% |
| Amounts receivable within one year | 40/41 | €23,212 | €18,385 | -€4,828 | -20.8% |
| Trade receivables | 40 | €15,589 | €14,702 | -€887 | -5.7% |
| Other amounts receivable | 41 | €7,624 | €3,683 | -€3,941 | -51.7% |
| Cash at bank and in hand | 54/58 | €53,593 | €88,569 | +€34,976 | +65.3% |
| Deferred charges and accrued income | 490/1 | €386 | €2,234 | +€1,848 | +479.2% |
| Total equity and liabilities | 10/49 | €422,660 | €433,071 | +€10,411 | +2.5% |
| Equity | 10/15 | €102,022 | €117,830 | +€15,808 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,422 | €99,230 | +€15,808 | +18.9% |
| Distributable reserves | 133 | €83,422 | €99,230 | +€15,808 | +18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €320,638 | €315,242 | -€5,396 | -1.7% |
| Amounts payable after more than one year | 17 | €259,751 | €247,455 | -€12,297 | -4.7% |
| Financial debts | 170/4 | €259,751 | €247,455 | -€12,297 | -4.7% |
| Amounts payable within one year | 42/48 | €56,399 | €65,445 | +€9,046 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €12,915 | €13,305 | +€390 | +3.0% |
| Trade debts | 44 | €15,630 | €6,356 | -€9,274 | -59.3% |
| Suppliers | 440/4 | €15,630 | €6,356 | -€9,274 | -59.3% |
| Advances received on contracts in progress | 46 | €155 | €6,649 | +€6,494 | +4192.2% |
| Taxes, remuneration and social security | 45 | €6,112 | €6,283 | +€171 | +2.8% |
| Taxes | 450/3 | €5,691 | €5,816 | +€125 | +2.2% |
| Remuneration and social security | 454/9 | €420 | €466 | +€46 | +10.9% |
| Other amounts payable | 47/48 | €21,587 | €32,853 | +€11,266 | +52.2% |
| Accrued charges and deferred income | 492/3 | €4,488 | €2,342 | -€2,146 | -47.8% |
| Remuneration, social security and pensions | 62 | €993 | €4,067 | +€3,074 | +309.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,860 | €20,270 | +€1,410 | +7.5% |
| Other operating charges | 640/8 | €2,245 | €2,580 | +€335 | +14.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,383 | €79,810 | +€26,426 | +49.5% |
| Operating profit (loss) | 9901 | €31,284 | €52,893 | +€21,609 | +69.1% |
| Financial income | 75/76B | €175 | €279 | +€104 | +59.6% |
| Recurring financial income | 75 | €175 | €279 | +€104 | +59.6% |
| Financial charges | 65/66B | €11,366 | €9,817 | -€1,549 | -13.6% |
| Recurring financial charges | 65 | €11,366 | €9,817 | -€1,549 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €20,094 | €43,356 | +€23,262 | +115.8% |
| Income taxes | 67/77 | €4,400 | €9,900 | +€5,500 | +125.0% |
| Profit (loss) for the period | 9904 | €15,694 | €33,456 | +€17,762 | +113.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,694 | €33,456 | +€17,762 | +113.2% |
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.