FIETSEN BROSENS: 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 BROSENS
Largest movements
- Stocks and contracts -€106,491
down €106,491 (-21.6%), from €493,279 to €386,788
- Receivables within one year +€25,358
up €25,358 (+117%), from €21,760 to €47,118
of which Other amounts receivable: +€14,434
- Cash -€10,582
down €10,582 (-55.0%), from €19,225 to €8,643
mainly Other debts (-€66,817) and Short-term financial debts (-€40,000)
- Tangible fixed assets +€8,119
up €8,119 (+51.8%), from €15,658 to €23,777
of which Other tangible fixed assets: +€5,405
- Other debts -€66,817
down €66,817 (-34.4%), from €194,201 to €127,385
- Short-term financial debts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Reserves +€16,889
up €16,889 (+6.1%), from €278,498 to €295,387
- Gross operating margin -€53,599
down €53,599 (-62.4%), from €85,840 to €32,240
- Taxes -€19,234
down €19,234 (-71.4%), from €26,955 to €7,721
- Depreciation +€1,366
up €1,366 (+39.0%), from €3,498 to €4,864
- Financial income -€1,235
down €1,235 (-15.3%), from €8,048 to €6,813
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 | €554,450 | €469,096 | -€85,353 | -15.4% |
| Fixed assets | 21/28 | €15,658 | €23,777 | +€8,119 | +51.8% |
| Tangible fixed assets | 22/27 | €15,658 | €23,777 | +€8,119 | +51.8% |
| Plant, machinery and equipment | 23 | €564 | €0 | -€564 | -100% |
| Furniture and vehicles | 24 | - | €3,278 | +€3,278 | |
| Other tangible fixed assets | 26 | €15,095 | €20,499 | +€5,405 | +35.8% |
| Current assets | 29/58 | €538,791 | €445,319 | -€93,472 | -17.3% |
| Stocks and contracts in progress | 3 | €493,279 | €386,788 | -€106,491 | -21.6% |
| Stocks | 30/36 | €493,279 | €386,788 | -€106,491 | -21.6% |
| Amounts receivable within one year | 40/41 | €21,760 | €47,118 | +€25,358 | +117% |
| Trade receivables | 40 | €8,715 | €19,639 | +€10,924 | +125% |
| Other amounts receivable | 41 | €13,045 | €27,479 | +€14,434 | +111% |
| Cash at bank and in hand | 54/58 | €19,225 | €8,643 | -€10,582 | -55.0% |
| Deferred charges and accrued income | 490/1 | €4,527 | €2,770 | -€1,757 | -38.8% |
| Total equity and liabilities | 10/49 | €554,450 | €469,096 | -€85,353 | -15.4% |
| Equity | 10/15 | €288,498 | €305,387 | +€16,889 | +5.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €278,498 | €295,387 | +€16,889 | +6.1% |
| Distributable reserves | 133 | €278,498 | €295,387 | +€16,889 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €265,952 | €163,709 | -€102,243 | -38.4% |
| Amounts payable within one year | 42/48 | €265,822 | €163,709 | -€102,113 | -38.4% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100% |
| Trade debts | 44 | €13,889 | €18,113 | +€4,224 | +30.4% |
| Suppliers | 440/4 | €13,889 | €18,113 | +€4,224 | +30.4% |
| Taxes, remuneration and social security | 45 | €17,732 | €18,212 | +€480 | +2.7% |
| Taxes | 450/3 | €11,718 | €13,530 | +€1,813 | +15.5% |
| Remuneration and social security | 454/9 | €6,014 | €4,681 | -€1,333 | -22.2% |
| Other amounts payable | 47/48 | €194,201 | €127,385 | -€66,817 | -34.4% |
| Accrued charges and deferred income | 492/3 | €129 | €0 | -€129 | -100% |
| Remuneration, social security and pensions | 62 | €5,010 | €4,218 | -€792 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,498 | €4,864 | +€1,366 | +39.0% |
| Other operating charges | 640/8 | €798 | €769 | -€29 | -3.6% |
| Gross operating margin | 9900 | €85,840 | €32,240 | -€53,599 | -62.4% |
| Operating profit (loss) | 9901 | €76,533 | €22,389 | -€54,144 | -70.7% |
| Financial income | 75/76B | €8,048 | €6,813 | -€1,235 | -15.3% |
| Recurring financial income | 75 | €8,048 | €6,813 | -€1,235 | -15.3% |
| Financial charges | 65/66B | €2,182 | €2,094 | -€88 | -4.0% |
| Recurring financial charges | 65 | €2,182 | €2,094 | -€88 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €82,400 | €27,109 | -€55,291 | -67.1% |
| Income taxes | 67/77 | €26,955 | €7,721 | -€19,234 | -71.4% |
| Profit (loss) for the period | 9904 | €55,445 | €19,388 | -€36,056 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,445 | €19,388 | -€36,056 | -65.0% |
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 25 October 2026 via checked.be.