Fietsen Geert: 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 Geert
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€37,203
down €37,203 (-46.6%), from €79,864 to €42,661
mainly Current investments (-€50,000) and Stocks and contracts (-€18,446)
- Stocks and contracts +€18,446
up €18,446 (+18.1%), from €101,834 to €120,279
- Tangible fixed assets -€4,841
down €4,841 (-15.4%), from €31,345 to €26,504
of which Furniture and vehicles: -€5,645
- Reserves +€41,776
up €41,776 (+33.9%), from €123,288 to €165,064
- Other debts -€10,844
down €10,844 (-23.1%), from €46,946 to €36,102
- Debts after one year -€4,984
down €4,984 (-30.6%), from €16,262 to €11,278
- Taxes +€4,265
up €4,265 (+25.1%), from €17,003 to €21,268
- Gross operating margin +€1,964
up €1,964 (+2.7%), from €73,010 to €74,974
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 | €215,003 | €241,744 | +€26,740 | +12.4% |
| Fixed assets | 21/28 | €31,345 | €26,504 | -€4,841 | -15.4% |
| Tangible fixed assets | 22/27 | €31,345 | €26,504 | -€4,841 | -15.4% |
| Plant, machinery and equipment | 23 | €4,594 | €7,248 | +€2,654 | +57.8% |
| Furniture and vehicles | 24 | €12,464 | €6,820 | -€5,645 | -45.3% |
| Other tangible fixed assets | 26 | €14,287 | €12,436 | -€1,851 | -13.0% |
| Current assets | 29/58 | €183,658 | €215,240 | +€31,582 | +17.2% |
| Stocks and contracts in progress | 3 | €101,834 | €120,279 | +€18,446 | +18.1% |
| Stocks | 30/36 | €101,834 | €120,279 | +€18,446 | +18.1% |
| Amounts receivable within one year | 40/41 | €965 | €1,394 | +€430 | +44.5% |
| Trade receivables | 40 | €965 | €324 | -€641 | -66.4% |
| Other amounts receivable | 41 | - | €1,070 | +€1,070 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €79,864 | €42,661 | -€37,203 | -46.6% |
| Deferred charges and accrued income | 490/1 | €996 | €905 | -€91 | -9.1% |
| Total equity and liabilities | 10/49 | €215,003 | €241,744 | +€26,740 | +12.4% |
| Equity | 10/15 | €133,288 | €175,064 | +€41,776 | +31.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €123,288 | €165,064 | +€41,776 | +33.9% |
| Distributable reserves | 133 | €123,288 | €165,064 | +€41,776 | +33.9% |
| Amounts payable | 17/49 | €81,715 | €66,680 | -€15,035 | -18.4% |
| Amounts payable after more than one year | 17 | €16,262 | €11,278 | -€4,984 | -30.6% |
| Financial debts | 170/4 | €16,262 | €11,278 | -€4,984 | -30.6% |
| Amounts payable within one year | 42/48 | €62,237 | €52,819 | -€9,418 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,782 | €4,984 | +€202 | +4.2% |
| Trade debts | 44 | €573 | €965 | +€393 | +68.6% |
| Suppliers | 440/4 | €573 | €965 | +€393 | +68.6% |
| Taxes, remuneration and social security | 45 | €9,937 | €10,768 | +€831 | +8.4% |
| Taxes | 450/3 | €9,937 | €10,768 | +€831 | +8.4% |
| Other amounts payable | 47/48 | €46,946 | €36,102 | -€10,844 | -23.1% |
| Accrued charges and deferred income | 492/3 | €3,216 | €2,582 | -€633 | -19.7% |
| Non-recurring operating income | 76A | €445 | - | -€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,750 | €9,555 | -€195 | -2.0% |
| Other operating charges | 640/8 | €687 | €758 | +€71 | +10.4% |
| Gross operating margin | 9900 | €73,010 | €74,974 | +€1,964 | +2.7% |
| Operating profit (loss) | 9901 | €62,573 | €64,661 | +€2,088 | +3.3% |
| Financial income | 75/76B | €1,329 | €1,168 | -€161 | -12.1% |
| Recurring financial income | 75 | €1,329 | €1,168 | -€161 | -12.1% |
| Financial charges | 65/66B | €1,335 | €1,119 | -€216 | -16.2% |
| Recurring financial charges | 65 | €1,335 | €1,119 | -€216 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €62,567 | €64,710 | +€2,143 | +3.4% |
| Income taxes | 67/77 | €17,003 | €21,268 | +€4,265 | +25.1% |
| Profit (loss) for the period | 9904 | €45,563 | €43,442 | -€2,121 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,563 | €43,442 | -€2,121 | -4.7% |
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 22 October 2026 via checked.be.