Fietsen De Troyer: 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 De Troyer
Largest movements
- Stocks and contracts +€50,051
up €50,051 (+59.3%), from €84,360 to €134,411
- Tangible fixed assets +€33,351
up €33,351 (+251%), from €13,285 to €46,636
of which Furniture and vehicles: +€30,853
- Receivables within one year -€23,218
down €23,218 (-63.7%), from €36,464 to €13,246
of which Trade receivables: -€12,898
- Other debts +€36,246
new in 2025: €36,246
- Trade debts +€20,717
up €20,717 (+88.2%), from €23,490 to €44,206
- Debts after one year +€10,283
up €10,283 (+70.3%), from €14,625 to €24,907
- Tax, wage and social debts -€9,285
down €9,285 (-37.8%), from €24,581 to €15,297
- Short-term financial debts +€7,226
up €7,226 (+30.8%), from €23,488 to €30,714
- Gross operating margin -€9,206
down €9,206 (-45.9%), from €20,049 to €10,843
- Staff costs +€5,096
new in 2025: €5,096
- Financial income +€4,022
up €4,022 (+839%), from €479 to €4,502
- Depreciation +€2,959
up €2,959 (+55.3%), from €5,353 to €8,311
- Taxes -€2,212
down €2,212 (-94.0%), from €2,353 to €141
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,110 | €194,294 | +€60,184 | +44.9% |
| Fixed assets | 21/28 | €13,285 | €46,636 | +€33,351 | +251% |
| Tangible fixed assets | 22/27 | €13,285 | €46,636 | +€33,351 | +251% |
| Plant, machinery and equipment | 23 | €2,024 | €6,030 | +€4,005 | +198% |
| Furniture and vehicles | 24 | €5,634 | €36,488 | +€30,853 | +548% |
| Other tangible fixed assets | 26 | €5,627 | €4,119 | -€1,508 | -26.8% |
| Current assets | 29/58 | €120,825 | €147,657 | +€26,833 | +22.2% |
| Stocks and contracts in progress | 3 | €84,360 | €134,411 | +€50,051 | +59.3% |
| Stocks | 30/36 | €84,360 | €134,411 | +€50,051 | +59.3% |
| Amounts receivable within one year | 40/41 | €36,464 | €13,246 | -€23,218 | -63.7% |
| Trade receivables | 40 | €23,781 | €10,883 | -€12,898 | -54.2% |
| Other amounts receivable | 41 | €12,683 | €2,363 | -€10,320 | -81.4% |
| Total equity and liabilities | 10/49 | €134,110 | €194,294 | +€60,184 | +44.9% |
| Equity | 10/15 | €28,080 | €22,027 | -€6,053 | -21.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,580 | €19,527 | -€6,053 | -23.7% |
| Amounts payable | 17/49 | €106,030 | €172,267 | +€66,236 | +62.5% |
| Amounts payable after more than one year | 17 | €14,625 | €24,907 | +€10,283 | +70.3% |
| Financial debts | 170/4 | €14,625 | €24,907 | +€10,283 | +70.3% |
| Amounts payable within one year | 42/48 | €91,406 | €147,359 | +€55,954 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €19,847 | €20,897 | +€1,050 | +5.3% |
| Financial debts | 43 | €23,488 | €30,714 | +€7,226 | +30.8% |
| Credit institutions | 430/8 | €23,488 | €30,714 | +€7,226 | +30.8% |
| Trade debts | 44 | €23,490 | €44,206 | +€20,717 | +88.2% |
| Suppliers | 440/4 | €23,490 | €44,206 | +€20,717 | +88.2% |
| Taxes, remuneration and social security | 45 | €24,581 | €15,297 | -€9,285 | -37.8% |
| Taxes | 450/3 | €24,581 | €15,297 | -€9,285 | -37.8% |
| Other amounts payable | 47/48 | - | €36,246 | +€36,246 | |
| Remuneration, social security and pensions | 62 | - | €5,096 | +€5,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,353 | €8,311 | +€2,959 | +55.3% |
| Other operating charges | 640/8 | €866 | €679 | -€187 | -21.6% |
| Gross operating margin | 9900 | €20,049 | €10,843 | -€9,206 | -45.9% |
| Operating profit (loss) | 9901 | €13,830 | -€3,243 | -€17,074 | |
| Financial income | 75/76B | €479 | €4,502 | +€4,022 | +839% |
| Recurring financial income | 75 | €479 | €4,502 | +€4,022 | +839% |
| Financial charges | 65/66B | €5,407 | €7,170 | +€1,763 | +32.6% |
| Recurring financial charges | 65 | €5,407 | €7,170 | +€1,763 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €8,903 | -€5,912 | -€14,814 | |
| Income taxes | 67/77 | €2,353 | €141 | -€2,212 | -94.0% |
| Profit (loss) for the period | 9904 | €6,550 | -€6,053 | -€12,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,550 | -€6,053 | -€12,603 |
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 29 October 2026 via checked.be.