FIETSEN HERMANS: 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 HERMANS
Largest movements
- Receivables within one year +€70,117
up €70,117 (+253%), from €27,729 to €97,846
of which Trade receivables: +€67,993
- Cash +€12,407
up €12,407 (+40.3%), from €30,822 to €43,229
mainly Trade debts (+€66,530) and Other debts (+€24,731)
- Stocks and contracts -€6,214
down €6,214 (-5.0%), from €124,295 to €118,081
- Trade debts +€66,530
up €66,530 (+362%), from €18,397 to €84,926
- Other debts +€24,731
up €24,731 (+23,695%), from €104 to €24,835
- Debts after one year -€15,786
down €15,786 (-21.6%), from €73,016 to €57,230
- Advances received -€14,143
no longer reported in 2024 (was €14,143)
- Reserves +€10,091
up €10,091 (+66.4%), from €15,197 to €25,288
of which Distributable reserves: +€10,091
- Staff costs -€9,813
down €9,813, from €9,368 to -€445
- Gross operating margin -€4,347
down €4,347 (-9.8%), from €44,339 to €39,992
- Taxes +€1,981
up €1,981 (+221%), from €896 to €2,876
- Depreciation +€934
up €934 (+4.6%), from €20,261 to €21,195
- Other operating charges +€659
up €659 (+52.3%), from €1,261 to €1,921
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 | €258,014 | €333,581 | +€75,567 | +29.3% |
| Fixed assets | 21/28 | €74,332 | €74,236 | -€95 | -0.1% |
| Tangible fixed assets | 22/27 | €73,982 | €73,886 | -€95 | -0.1% |
| Land and buildings | 22 | €52,801 | €42,240 | -€10,560 | -20.0% |
| Plant, machinery and equipment | 23 | €4,659 | €4,103 | -€555 | -11.9% |
| Furniture and vehicles | 24 | €8,725 | €22,890 | +€14,165 | +162% |
| Other tangible fixed assets | 26 | €7,797 | €4,652 | -€3,145 | -40.3% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €183,682 | €259,344 | +€75,662 | +41.2% |
| Stocks and contracts in progress | 3 | €124,295 | €118,081 | -€6,214 | -5.0% |
| Stocks | 30/36 | €124,295 | €118,081 | -€6,214 | -5.0% |
| Amounts receivable within one year | 40/41 | €27,729 | €97,846 | +€70,117 | +253% |
| Trade receivables | 40 | €19,701 | €87,694 | +€67,993 | +345% |
| Other amounts receivable | 41 | €8,028 | €10,152 | +€2,124 | +26.5% |
| Cash at bank and in hand | 54/58 | €30,822 | €43,229 | +€12,407 | +40.3% |
| Deferred charges and accrued income | 490/1 | €836 | €189 | -€647 | -77.4% |
| Total equity and liabilities | 10/49 | €258,014 | €333,581 | +€75,567 | +29.3% |
| Equity | 10/15 | €128,753 | €138,843 | +€10,091 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,197 | €25,288 | +€10,091 | +66.4% |
| Tax-exempt reserves | 132 | €3,176 | €3,176 | = | 0.0% |
| Distributable reserves | 133 | €12,021 | €22,111 | +€10,091 | +83.9% |
| Profit (loss) carried forward | 14 | €101,155 | €101,155 | = | 0.0% |
| Amounts payable | 17/49 | €129,261 | €194,737 | +€65,477 | +50.7% |
| Amounts payable after more than one year | 17 | €73,016 | €57,230 | -€15,786 | -21.6% |
| Financial debts | 170/4 | €73,016 | €57,230 | -€15,786 | -21.6% |
| Amounts payable within one year | 42/48 | €56,005 | €136,867 | +€80,862 | +144% |
| Current portion of amounts payable after more than one year | 42 | €14,990 | €15,786 | +€796 | +5.3% |
| Trade debts | 44 | €18,397 | €84,926 | +€66,530 | +362% |
| Suppliers | 440/4 | €18,397 | €84,926 | +€66,530 | +362% |
| Advances received on contracts in progress | 46 | €14,143 | - | -€14,143 | |
| Taxes, remuneration and social security | 45 | €8,371 | €11,320 | +€2,948 | +35.2% |
| Taxes | 450/3 | €6,025 | €8,090 | +€2,065 | +34.3% |
| Remuneration and social security | 454/9 | €2,346 | €3,230 | +€884 | +37.7% |
| Other amounts payable | 47/48 | €104 | €24,835 | +€24,731 | +23,695% |
| Accrued charges and deferred income | 492/3 | €240 | €641 | +€401 | +167% |
| Remuneration, social security and pensions | 62 | €9,368 | -€445 | -€9,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,261 | €21,195 | +€934 | +4.6% |
| Other operating charges | 640/8 | €1,261 | €1,921 | +€659 | +52.3% |
| Gross operating margin | 9900 | €44,339 | €39,992 | -€4,347 | -9.8% |
| Operating profit (loss) | 9901 | €13,448 | €17,321 | +€3,873 | +28.8% |
| Financial income | 75/76B | €2,843 | €2,751 | -€92 | -3.2% |
| Recurring financial income | 75 | €2,843 | €2,751 | -€92 | -3.2% |
| Financial charges | 65/66B | €6,573 | €7,105 | +€531 | +8.1% |
| Recurring financial charges | 65 | €6,573 | €7,105 | +€531 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €9,718 | €12,967 | +€3,249 | +33.4% |
| Income taxes | 67/77 | €896 | €2,876 | +€1,981 | +221% |
| Profit (loss) for the period | 9904 | €8,822 | €10,091 | +€1,268 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,822 | €10,091 | +€1,268 | +14.4% |
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 26 October 2026 via checked.be.