FIETSEN CLAESSENS: 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 CLAESSENS
Largest movements
- Cash +€26,649
up €26,649 (+9.9%), from €269,653 to €296,302
mainly Net result for the year (+€90,014) and Depreciation (+€19,552)
- Receivables within one year +€14,552
up €14,552 (+111%), from €13,157 to €27,709
- Reserves +€90,014
up €90,014 (+51.6%), from €174,333 to €264,347
of which Distributable reserves: +€90,014
- Trade debts -€26,723
down €26,723 (-48.5%), from €55,143 to €28,420
- Tax, wage and social debts -€21,485
down €21,485 (-21.2%), from €101,557 to €80,073
of which Taxes: -€21,552
- Gross operating margin -€37,027
down €37,027 (-13.5%), from €274,743 to €237,716
- Financial charges -€30,277
down €30,277 (-69.7%), from €43,429 to €13,152
of which Non-recurring financial charges: -€35,000
- Depreciation -€8,466
down €8,466 (-30.2%), from €28,018 to €19,552
- Staff costs -€7,137
down €7,137 (-11.6%), from €61,299 to €54,162
- Taxes +€5,317
up €5,317 (+11.7%), from €45,450 to €50,768
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 | €739,134 | €778,555 | +€39,421 | +5.3% |
| Fixed assets | 21/28 | €165,464 | €160,768 | -€4,696 | -2.8% |
| Tangible fixed assets | 22/27 | €165,464 | €160,768 | -€4,696 | -2.8% |
| Land and buildings | 22 | €158,509 | €154,513 | -€3,995 | -2.5% |
| Plant, machinery and equipment | 23 | €5,822 | €6,058 | +€236 | +4.1% |
| Furniture and vehicles | 24 | €1,133 | €197 | -€937 | -82.6% |
| Current assets | 29/58 | €573,670 | €617,787 | +€44,117 | +7.7% |
| Stocks and contracts in progress | 3 | €285,578 | €287,803 | +€2,226 | +0.8% |
| Stocks | 30/36 | €285,578 | €287,803 | +€2,226 | +0.8% |
| Amounts receivable within one year | 40/41 | €13,157 | €27,709 | +€14,552 | +111% |
| Other amounts receivable | 41 | €13,157 | €27,709 | +€14,552 | +111% |
| Cash at bank and in hand | 54/58 | €269,653 | €296,302 | +€26,649 | +9.9% |
| Deferred charges and accrued income | 490/1 | €5,283 | €5,972 | +€690 | +13.1% |
| Total equity and liabilities | 10/49 | €739,134 | €778,555 | +€39,421 | +5.3% |
| Equity | 10/15 | €415,549 | €505,563 | +€90,014 | +21.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €174,333 | €264,347 | +€90,014 | +51.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,882 | €6,882 | = | 0.0% |
| Distributable reserves | 133 | €161,251 | €251,265 | +€90,014 | +55.8% |
| Profit (loss) carried forward | 14 | €179,216 | €179,216 | = | 0.0% |
| Amounts payable | 17/49 | €323,586 | €272,992 | -€50,594 | -15.6% |
| Amounts payable within one year | 42/48 | €321,200 | €272,992 | -€48,208 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €164,500 | €164,500 | = | 0.0% |
| Trade debts | 44 | €55,143 | €28,420 | -€26,723 | -48.5% |
| Suppliers | 440/4 | €55,143 | €28,420 | -€26,723 | -48.5% |
| Taxes, remuneration and social security | 45 | €101,557 | €80,073 | -€21,485 | -21.2% |
| Taxes | 450/3 | €97,577 | €76,025 | -€21,552 | -22.1% |
| Remuneration and social security | 454/9 | €3,980 | €4,048 | +€68 | +1.7% |
| Accrued charges and deferred income | 492/3 | €2,386 | - | -€2,386 | |
| Remuneration, social security and pensions | 62 | €61,299 | €54,162 | -€7,137 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,018 | €19,552 | -€8,466 | -30.2% |
| Other operating charges | 640/8 | €8,606 | €12,055 | +€3,449 | +40.1% |
| Gross operating margin | 9900 | €274,743 | €237,716 | -€37,027 | -13.5% |
| Operating profit (loss) | 9901 | €176,820 | €151,948 | -€24,872 | -14.1% |
| Financial income | 75/76B | €8 | €1,987 | +€1,978 | +24,274% |
| Recurring financial income | 75 | €8 | €1,232 | +€1,224 | +15,021% |
| Non-recurring financial income | 76B | - | €754 | +€754 | |
| Financial charges | 65/66B | €43,429 | €13,152 | -€30,277 | -69.7% |
| Recurring financial charges | 65 | €8,429 | €13,152 | +€4,723 | +56.0% |
| Non-recurring financial charges | 66B | €35,000 | - | -€35,000 | |
| Profit (loss) for the period before taxes | 9903 | €133,399 | €140,782 | +€7,383 | +5.5% |
| Income taxes | 67/77 | €45,450 | €50,768 | +€5,317 | +11.7% |
| Profit (loss) for the period | 9904 | €87,948 | €90,014 | +€2,066 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,948 | €90,014 | +€2,066 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.