Fietsen Bram: 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 Bram
Largest movements
- Stocks and contracts +€65,137
up €65,137 (+33.5%), from €194,605 to €259,742
- Cash +€23,503
up €23,503 (+13.6%), from €173,220 to €196,723
mainly Net result for the year (+€98,143) and Trade debts (+€22,994)
- Receivables within one year +€15,951
up €15,951 (+68.8%), from €23,195 to €39,146
- Reserves +€98,143
up €98,143 (+21.4%), from €459,440 to €557,583
- Trade debts +€22,994
up €22,994 (+288%), from €7,985 to €30,980
- Other debts -€11,593
down €11,593 (-12.0%), from €96,320 to €84,726
- Gross operating margin +€9,355
up €9,355 (+5.7%), from €165,019 to €174,374
- Taxes +€2,462
up €2,462 (+6.0%), from €40,799 to €43,261
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 | €655,032 | €760,286 | +€105,254 | +16.1% |
| Fixed assets | 21/28 | €160,240 | €161,473 | +€1,232 | +0.8% |
| Tangible fixed assets | 22/27 | €160,240 | €161,473 | +€1,232 | +0.8% |
| Land and buildings | 22 | €148,691 | €148,167 | -€525 | -0.4% |
| Plant, machinery and equipment | 23 | €6,839 | €10,364 | +€3,526 | +51.6% |
| Furniture and vehicles | 24 | €4,710 | €2,942 | -€1,769 | -37.5% |
| Current assets | 29/58 | €494,792 | €598,813 | +€104,021 | +21.0% |
| Stocks and contracts in progress | 3 | €194,605 | €259,742 | +€65,137 | +33.5% |
| Stocks | 30/36 | €194,605 | €259,742 | +€65,137 | +33.5% |
| Amounts receivable within one year | 40/41 | €23,195 | €39,146 | +€15,951 | +68.8% |
| Trade receivables | 40 | €23,195 | €39,146 | +€15,951 | +68.8% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,220 | €196,723 | +€23,503 | +13.6% |
| Deferred charges and accrued income | 490/1 | €3,772 | €3,202 | -€570 | -15.1% |
| Total equity and liabilities | 10/49 | €655,032 | €760,286 | +€105,254 | +16.1% |
| Equity | 10/15 | €480,151 | €578,294 | +€98,143 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,111 | €2,111 | = | 0.0% |
| Reserves | 13 | €459,440 | €557,583 | +€98,143 | +21.4% |
| Distributable reserves | 133 | €459,440 | €557,583 | +€98,143 | +21.4% |
| Amounts payable | 17/49 | €174,881 | €181,992 | +€7,111 | +4.1% |
| Amounts payable after more than one year | 17 | €53,238 | €47,280 | -€5,958 | -11.2% |
| Financial debts | 170/4 | €53,238 | €47,280 | -€5,958 | -11.2% |
| Amounts payable within one year | 42/48 | €113,633 | €128,714 | +€15,080 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €5,725 | €5,958 | +€233 | +4.1% |
| Trade debts | 44 | €7,985 | €30,980 | +€22,994 | +288% |
| Suppliers | 440/4 | €7,985 | €30,980 | +€22,994 | +288% |
| Taxes, remuneration and social security | 45 | €3,603 | €7,050 | +€3,446 | +95.6% |
| Taxes | 450/3 | €3,603 | €7,050 | +€3,446 | +95.6% |
| Other amounts payable | 47/48 | €96,320 | €84,726 | -€11,593 | -12.0% |
| Accrued charges and deferred income | 492/3 | €8,009 | €5,998 | -€2,011 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,794 | €16,173 | -€621 | -3.7% |
| Other operating charges | 640/8 | €2,772 | €2,679 | -€94 | -3.4% |
| Non-recurring operating charges | 66A | - | €5,577 | +€5,577 | |
| Gross operating margin | 9900 | €165,019 | €174,374 | +€9,355 | +5.7% |
| Operating profit (loss) | 9901 | €145,453 | €149,945 | +€4,492 | +3.1% |
| Financial income | 75/76B | €2,609 | €3,037 | +€428 | +16.4% |
| Recurring financial income | 75 | €2,609 | €3,037 | +€428 | +16.4% |
| Financial charges | 65/66B | €11,972 | €11,579 | -€393 | -3.3% |
| Recurring financial charges | 65 | €11,972 | €11,579 | -€393 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €136,090 | €141,404 | +€5,313 | +3.9% |
| Income taxes | 67/77 | €40,799 | €43,261 | +€2,462 | +6.0% |
| Profit (loss) for the period | 9904 | €95,292 | €98,143 | +€2,851 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,292 | €98,143 | +€2,851 | +3.0% |
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 18 October 2026 via checked.be.