FIETSEN BRYS: 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 BRYS
Largest movements
- Stocks and contracts +€117,665
up €117,665 (+10.6%), from €1.1m to €1.2m
- Tangible fixed assets -€37,177
down €37,177 (-38.4%), from €96,888 to €59,711
of which Plant, machinery and equipment: -€25,842
- Cash +€26,337
up €26,337 (+350.1%), from €7,522 to €33,859
mainly Other debts (+€103,164) and Trade debts (+€70,578)
- Debts after one year -€151,191
down €151,191 (-30.8%), from €490,218 to €339,027
- Other debts +€103,164
up €103,164 (+105.0%), from €98,273 to €201,436
- Trade debts +€70,578
up €70,578 (+88.4%), from €79,802 to €150,380
- Tax, wage and social debts +€37,156
up €37,156 (+340.0%), from €10,929 to €48,084
of which Remuneration and social security: +€29,963
- Profit (loss) carried forward +€36,952
up €36,952 (+14.7%), from -€251,432 to -€214,480
- Gross operating margin +€380,670
up €380,670 (+692.9%), from €54,940 to €435,610
- Staff costs +€83,507
up €83,507 (+40.3%), from €207,107 to €290,614
- Financial charges +€14,258
up €14,258 (+56.3%), from €25,314 to €39,571
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 | €1,289,520 | €1,408,768 | +€119,248 | +9.2% |
| Fixed assets | 21/28 | €104,357 | €72,122 | -€32,235 | -30.9% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €96,888 | €59,711 | -€37,177 | -38.4% |
| Plant, machinery and equipment | 23 | €35,831 | €9,988 | -€25,842 | -72.1% |
| Furniture and vehicles | 24 | €7,051 | €4,654 | -€2,397 | -34.0% |
| Leasing and similar rights | 25 | €52,272 | €28,667 | -€23,605 | -45.2% |
| Other tangible fixed assets | 26 | €1,734 | €16,402 | +€14,667 | +845.8% |
| Financial fixed assets | 28 | €7,468 | €12,411 | +€4,943 | +66.2% |
| Current assets | 29/58 | €1,185,164 | €1,336,646 | +€151,482 | +12.8% |
| Stocks and contracts in progress | 3 | €1,115,239 | €1,232,904 | +€117,665 | +10.6% |
| Stocks | 30/36 | €1,115,239 | €1,232,904 | +€117,665 | +10.6% |
| Amounts receivable within one year | 40/41 | €44,011 | €57,387 | +€13,375 | +30.4% |
| Trade receivables | 40 | €33,516 | €47,592 | +€14,076 | +42.0% |
| Other amounts receivable | 41 | €10,495 | €9,794 | -€701 | -6.7% |
| Cash at bank and in hand | 54/58 | €7,522 | €33,859 | +€26,337 | +350.1% |
| Deferred charges and accrued income | 490/1 | €18,391 | €12,496 | -€5,895 | -32.1% |
| Total equity and liabilities | 10/49 | €1,289,520 | €1,408,768 | +€119,248 | +9.2% |
| Equity | 10/15 | €113,003 | €149,955 | +€36,952 | +32.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €314,435 | €314,435 | = | 0.0% |
| Distributable reserves | 133 | €314,435 | €314,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,432 | -€214,480 | +€36,952 | +14.7% |
| Amounts payable | 17/49 | €1,176,517 | €1,258,813 | +€82,296 | +7.0% |
| Amounts payable after more than one year | 17 | €490,218 | €339,027 | -€151,191 | -30.8% |
| Financial debts | 170/4 | €490,218 | €339,027 | -€151,191 | -30.8% |
| Amounts payable within one year | 42/48 | €686,299 | €901,092 | +€214,792 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €147,296 | €151,191 | +€3,895 | +2.6% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €79,802 | €150,380 | +€70,578 | +88.4% |
| Suppliers | 440/4 | €79,802 | €150,380 | +€70,578 | +88.4% |
| Taxes, remuneration and social security | 45 | €10,929 | €48,084 | +€37,156 | +340.0% |
| Taxes | 450/3 | €0 | €7,192 | +€7,192 | |
| Remuneration and social security | 454/9 | €10,929 | €40,892 | +€29,963 | +274.2% |
| Other amounts payable | 47/48 | €98,273 | €201,436 | +€103,164 | +105.0% |
| Accrued charges and deferred income | 492/3 | - | €18,694 | +€18,694 | |
| Remuneration, social security and pensions | 62 | €207,107 | €290,614 | +€83,507 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,500 | €60,202 | -€4,298 | -6.7% |
| Other operating charges | 640/8 | €9,490 | €8,401 | -€1,089 | -11.5% |
| Gross operating margin | 9900 | €54,940 | €435,610 | +€380,670 | +692.9% |
| Operating profit (loss) | 9901 | -€226,158 | €76,393 | +€302,550 | |
| Financial income | 75/76B | €245 | €478 | +€233 | +95.2% |
| Recurring financial income | 75 | €245 | €478 | +€233 | +95.2% |
| Financial charges | 65/66B | €25,314 | €39,571 | +€14,258 | +56.3% |
| Recurring financial charges | 65 | €25,314 | €39,571 | +€14,258 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | -€251,226 | €37,300 | +€288,526 | |
| Income taxes | 67/77 | €206 | €348 | +€142 | +69.2% |
| Profit (loss) for the period | 9904 | -€251,432 | €36,952 | +€288,384 | |
| Profit (loss) for the period to be appropriated | 9905 | -€251,432 | €36,952 | +€288,384 |
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 11 October 2026 via checked.be.