FIETSEN DEWACHTER: 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 DEWACHTER
Largest movements
- Stocks and contracts -€86,260
down €86,260 (-11.9%), from €725,123 to €638,863
- Cash +€57,644
up €57,644 (+509%), from €11,315 to €68,959
mainly Stocks and contracts (+€86,260) and Net result for the year (+€79,637)
- Receivables within one year +€22,453
up €22,453 (+56.1%), from €40,028 to €62,480
of which Other amounts receivable: +€29,274
- Reserves +€60,000
up €60,000 (+97.0%), from €61,860 to €121,860
of which Distributable reserves: +€60,000
- Trade debts -€35,004
down €35,004 (-66.5%), from €52,632 to €17,627
- Other debts -€34,010
down €34,010 (-48.1%), from €70,674 to €36,664
- Profit (loss) carried forward +€19,637
up €19,637 (+3.6%), from €546,353 to €565,990
- Tax, wage and social debts -€15,430
down €15,430 (-64.1%), from €24,060 to €8,630
of which Taxes: -€24,060
- Gross operating margin -€77,069
down €77,069 (-24.7%), from €312,072 to €235,003
- Taxes -€14,538
down €14,538 (-31.2%), from €46,565 to €32,027
- Staff costs -€8,394
down €8,394 (-6.7%), from €124,764 to €116,369
- Depreciation -€5,766
down €5,766 (-59.9%), from €9,622 to €3,856
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €816,696 | €804,700 | -€11,995 | -1.5% |
| Fixed assets | 21/28 | €34,148 | €30,292 | -€3,856 | -11.3% |
| Tangible fixed assets | 22/27 | €34,148 | €30,292 | -€3,856 | -11.3% |
| Land and buildings | 22 | €33,053 | €29,732 | -€3,320 | -10.0% |
| Plant, machinery and equipment | 23 | €664 | €327 | -€337 | -50.8% |
| Furniture and vehicles | 24 | €431 | €233 | -€198 | -46.0% |
| Current assets | 29/58 | €782,548 | €774,408 | -€8,140 | -1.0% |
| Stocks and contracts in progress | 3 | €725,123 | €638,863 | -€86,260 | -11.9% |
| Stocks | 30/36 | €725,123 | €638,863 | -€86,260 | -11.9% |
| Amounts receivable within one year | 40/41 | €40,028 | €62,480 | +€22,453 | +56.1% |
| Trade receivables | 40 | €20,077 | €13,256 | -€6,821 | -34.0% |
| Other amounts receivable | 41 | €19,951 | €49,225 | +€29,274 | +147% |
| Cash at bank and in hand | 54/58 | €11,315 | €68,959 | +€57,644 | +509% |
| Deferred charges and accrued income | 490/1 | €6,082 | €4,106 | -€1,976 | -32.5% |
| Total equity and liabilities | 10/49 | €816,696 | €804,700 | -€11,995 | -1.5% |
| Equity | 10/15 | €614,413 | €694,050 | +€79,637 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €121,860 | +€60,000 | +97.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €120,000 | +€60,000 | +100% |
| Profit (loss) carried forward | 14 | €546,353 | €565,990 | +€19,637 | +3.6% |
| Amounts payable | 17/49 | €202,282 | €110,650 | -€91,632 | -45.3% |
| Amounts payable after more than one year | 17 | €7,011 | €1,451 | -€5,560 | -79.3% |
| Financial debts | 170/4 | €7,011 | €1,451 | -€5,560 | -79.3% |
| Amounts payable within one year | 42/48 | €195,272 | €109,199 | -€86,072 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €47,907 | €46,278 | -€1,628 | -3.4% |
| Trade debts | 44 | €52,632 | €17,627 | -€35,004 | -66.5% |
| Suppliers | 440/4 | €52,632 | €17,627 | -€35,004 | -66.5% |
| Taxes, remuneration and social security | 45 | €24,060 | €8,630 | -€15,430 | -64.1% |
| Taxes | 450/3 | €24,060 | - | -€24,060 | |
| Remuneration and social security | 454/9 | - | €8,630 | +€8,630 | |
| Other amounts payable | 47/48 | €70,674 | €36,664 | -€34,010 | -48.1% |
| Remuneration, social security and pensions | 62 | €124,764 | €116,369 | -€8,394 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,622 | €3,856 | -€5,766 | -59.9% |
| Other operating charges | 640/8 | €1,224 | €1,458 | +€233 | +19.1% |
| Gross operating margin | 9900 | €312,072 | €235,003 | -€77,069 | -24.7% |
| Operating profit (loss) | 9901 | €176,463 | €113,321 | -€63,142 | -35.8% |
| Financial income | 75/76B | €120 | €74 | -€46 | -38.5% |
| Recurring financial income | 75 | €120 | €74 | -€46 | -38.5% |
| Financial charges | 65/66B | €2,564 | €1,731 | -€834 | -32.5% |
| Recurring financial charges | 65 | €2,564 | €1,731 | -€834 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €174,018 | €111,664 | -€62,354 | -35.8% |
| Income taxes | 67/77 | €46,565 | €32,027 | -€14,538 | -31.2% |
| Profit (loss) for the period | 9904 | €127,453 | €79,637 | -€47,816 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,453 | €79,637 | -€47,816 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.