FIETSEN KIM: 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 KIM
Largest movements
- Cash +€60,599
up €60,599 (+301%), from €20,158 to €80,758
mainly Depreciation (+€54,439) and Receivables within one year (+€34,916)
- Receivables within one year -€34,916
down €34,916 (-59.6%), from €58,602 to €23,686
of which Trade receivables: -€26,018
- Stocks and contracts +€33,040
up €33,040 (+11.0%), from €300,365 to €333,405
- Tangible fixed assets -€17,502
down €17,502 (-4.9%), from €356,428 to €338,925
of which Land and buildings: -€24,830
- Debts after one year +€26,050
up €26,050 (+8.4%), from €310,714 to €336,764
- Tax, wage and social debts +€22,624
up €22,624 (+56.9%), from €39,795 to €62,419
of which Taxes: +€20,588
- Trade debts -€11,067
down €11,067 (-13.7%), from €80,952 to €69,885
- Other debts +€11,040
up €11,040 (+14.7%), from €75,302 to €86,342
- Gross operating margin +€16,176
up €16,176 (+7.1%), from €226,498 to €242,674
- Staff costs +€11,209
up €11,209 (+6.7%), from €167,840 to €179,049
- Depreciation +€2,882
up €2,882 (+5.6%), from €51,557 to €54,439
- Other operating charges +€2,779
up €2,779 (+131%), from €2,125 to €4,904
- Taxes -€2,670
down €2,670 (-38.4%), from €6,948 to €4,279
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 | €735,553 | €778,676 | +€43,123 | +5.9% |
| Fixed assets | 21/28 | €356,428 | €338,925 | -€17,502 | -4.9% |
| Tangible fixed assets | 22/27 | €356,428 | €338,925 | -€17,502 | -4.9% |
| Land and buildings | 22 | €278,274 | €253,444 | -€24,830 | -8.9% |
| Plant, machinery and equipment | 23 | €8,995 | €7,012 | -€1,983 | -22.0% |
| Furniture and vehicles | 24 | €69,158 | €78,469 | +€9,311 | +13.5% |
| Current assets | 29/58 | €379,125 | €439,751 | +€60,626 | +16.0% |
| Stocks and contracts in progress | 3 | €300,365 | €333,405 | +€33,040 | +11.0% |
| Stocks | 30/36 | €300,365 | €333,405 | +€33,040 | +11.0% |
| Amounts receivable within one year | 40/41 | €58,602 | €23,686 | -€34,916 | -59.6% |
| Trade receivables | 40 | €27,943 | €1,925 | -€26,018 | -93.1% |
| Other amounts receivable | 41 | €30,659 | €21,761 | -€8,898 | -29.0% |
| Cash at bank and in hand | 54/58 | €20,158 | €80,758 | +€60,599 | +301% |
| Deferred charges and accrued income | 490/1 | - | €1,903 | +€1,903 | |
| Total equity and liabilities | 10/49 | €735,553 | €778,676 | +€43,123 | +5.9% |
| Equity | 10/15 | €116,311 | €117,257 | +€946 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,812 | €32,812 | = | 0.0% |
| 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 | €30,952 | €30,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,899 | €65,845 | +€946 | +1.5% |
| Amounts payable | 17/49 | €619,242 | €661,420 | +€42,177 | +6.8% |
| Amounts payable after more than one year | 17 | €310,714 | €336,764 | +€26,050 | +8.4% |
| Financial debts | 170/4 | €310,714 | €336,764 | +€26,050 | +8.4% |
| Amounts payable within one year | 42/48 | €300,479 | €316,779 | +€16,301 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €104,431 | €98,134 | -€6,297 | -6.0% |
| Trade debts | 44 | €80,952 | €69,885 | -€11,067 | -13.7% |
| Suppliers | 440/4 | €80,952 | €69,885 | -€11,067 | -13.7% |
| Taxes, remuneration and social security | 45 | €39,795 | €62,419 | +€22,624 | +56.9% |
| Taxes | 450/3 | €23,551 | €44,138 | +€20,588 | +87.4% |
| Remuneration and social security | 454/9 | €16,244 | €18,280 | +€2,037 | +12.5% |
| Other amounts payable | 47/48 | €75,302 | €86,342 | +€11,040 | +14.7% |
| Accrued charges and deferred income | 492/3 | €8,050 | €7,876 | -€174 | -2.2% |
| Remuneration, social security and pensions | 62 | €167,840 | €179,049 | +€11,209 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,557 | €54,439 | +€2,882 | +5.6% |
| Other operating charges | 640/8 | €2,125 | €4,904 | +€2,779 | +131% |
| Gross operating margin | 9900 | €226,498 | €242,674 | +€16,176 | +7.1% |
| Operating profit (loss) | 9901 | €4,976 | €4,282 | -€694 | -13.9% |
| Financial income | 75/76B | €14,686 | €17,306 | +€2,620 | +17.8% |
| Recurring financial income | 75 | €14,686 | €17,306 | +€2,620 | +17.8% |
| Financial charges | 65/66B | €14,523 | €16,363 | +€1,841 | +12.7% |
| Recurring financial charges | 65 | €14,523 | €16,363 | +€1,841 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €5,140 | €5,225 | +€85 | +1.7% |
| Income taxes | 67/77 | €6,948 | €4,279 | -€2,670 | -38.4% |
| Profit (loss) for the period | 9904 | -€1,809 | €946 | +€2,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,809 | €946 | +€2,755 |
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 25 October 2026 via checked.be.