Fietsen Aelbrecht: 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.
Fietsen Aelbrecht
Largest movements
- Stocks and contracts -€16,848
down €16,848 (-13.4%), from €125,936 to €109,088
- Receivables within one year -€14,694
down €14,694 (-65.4%), from €22,468 to €7,774
of which Other amounts receivable: -€10,336
- Other debts -€23,256
down €23,256 (-59.3%), from €39,226 to €15,969
- Reserves +€22,675
up €22,675 (+71.5%), from €31,715 to €54,390
- Short-term financial debts -€18,503
no longer reported in 2025 (was €18,503)
- Current portion of long-term debt +€13,045
up €13,045 (+184%), from €7,094 to €20,139
- Trade debts -€12,498
down €12,498 (-23.3%), from €53,590 to €41,092
- Gross operating margin +€26,527
up €26,527 (+91.8%), from €28,894 to €55,420
- Taxes +€4,566
up €4,566 (+222%), from €2,054 to €6,619
- Staff costs +€953
up €953 (+8.7%), from €10,927 to €11,880
- Other operating charges -€681
down €681 (-33.3%), from €2,046 to €1,365
- Depreciation +€655
up €655 (+6.5%), from €10,005 to €10,660
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 | €184,800 | €154,629 | -€30,171 | -16.3% |
| Fixed assets | 21/28 | €34,378 | €32,964 | -€1,414 | -4.1% |
| Tangible fixed assets | 22/27 | €34,378 | €32,964 | -€1,414 | -4.1% |
| Plant, machinery and equipment | 23 | €2,906 | €9,622 | +€6,715 | +231% |
| Furniture and vehicles | 24 | €31,472 | €23,342 | -€8,130 | -25.8% |
| Current assets | 29/58 | €150,422 | €121,665 | -€28,757 | -19.1% |
| Stocks and contracts in progress | 3 | €125,936 | €109,088 | -€16,848 | -13.4% |
| Stocks | 30/36 | €125,936 | €109,088 | -€16,848 | -13.4% |
| Amounts receivable within one year | 40/41 | €22,468 | €7,774 | -€14,694 | -65.4% |
| Trade receivables | 40 | €6,833 | €2,475 | -€4,358 | -63.8% |
| Other amounts receivable | 41 | €15,634 | €5,298 | -€10,336 | -66.1% |
| Cash at bank and in hand | 54/58 | €1,342 | €2,829 | +€1,487 | +111% |
| Deferred charges and accrued income | 490/1 | €676 | €1,974 | +€1,298 | +192% |
| Total equity and liabilities | 10/49 | €184,800 | €154,629 | -€30,171 | -16.3% |
| Equity | 10/15 | €34,215 | €56,890 | +€22,675 | +66.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,715 | €54,390 | +€22,675 | +71.5% |
| Distributable reserves | 133 | €31,715 | €54,390 | +€22,675 | +71.5% |
| Amounts payable | 17/49 | €150,585 | €97,739 | -€52,846 | -35.1% |
| Amounts payable after more than one year | 17 | €22,421 | €16,108 | -€6,314 | -28.2% |
| Financial debts | 170/4 | €22,421 | €16,108 | -€6,314 | -28.2% |
| Amounts payable within one year | 42/48 | €128,164 | €81,632 | -€46,532 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €7,094 | €20,139 | +€13,045 | +184% |
| Financial debts | 43 | €18,503 | - | -€18,503 | |
| Credit institutions | 430/8 | €18,503 | - | -€18,503 | |
| Trade debts | 44 | €53,590 | €41,092 | -€12,498 | -23.3% |
| Suppliers | 440/4 | €53,590 | €41,092 | -€12,498 | -23.3% |
| Advances received on contracts in progress | 46 | €4,376 | €1,160 | -€3,217 | -73.5% |
| Taxes, remuneration and social security | 45 | €5,375 | €3,272 | -€2,103 | -39.1% |
| Taxes | 450/3 | €3,264 | €556 | -€2,708 | -83.0% |
| Remuneration and social security | 454/9 | €2,112 | €2,716 | +€605 | +28.6% |
| Other amounts payable | 47/48 | €39,226 | €15,969 | -€23,256 | -59.3% |
| Remuneration, social security and pensions | 62 | €10,927 | €11,880 | +€953 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,005 | €10,660 | +€655 | +6.5% |
| Other operating charges | 640/8 | €2,046 | €1,365 | -€681 | -33.3% |
| Gross operating margin | 9900 | €28,894 | €55,420 | +€26,527 | +91.8% |
| Operating profit (loss) | 9901 | €5,915 | €31,514 | +€25,599 | +433% |
| Financial income | 75/76B | €1,771 | €1,778 | +€7 | +0.4% |
| Recurring financial income | 75 | €1,771 | €1,778 | +€7 | +0.4% |
| Financial charges | 65/66B | €3,534 | €3,998 | +€464 | +13.1% |
| Recurring financial charges | 65 | €3,534 | €3,998 | +€464 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €4,152 | €29,294 | +€25,142 | +606% |
| Income taxes | 67/77 | €2,054 | €6,619 | +€4,566 | +222% |
| Profit (loss) for the period | 9904 | €2,098 | €22,675 | +€20,576 | +981% |
| Profit (loss) for the period to be appropriated | 9905 | €2,098 | €22,675 | +€20,576 | +981% |
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 17 October 2026 via checked.be.