Fietsen Kurt: 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 Kurt
Largest movements
- Receivables within one year -€19,734
down €19,734 (-45.4%), from €43,467 to €23,733
of which Trade receivables: -€27,911
- Stocks and contracts -€4,953
down €4,953 (-2.9%), from €169,989 to €165,036
- Tangible fixed assets +€3,092
up €3,092 (+106%), from €2,915 to €6,007
of which Plant, machinery and equipment: +€2,975
- Cash -€3,074
down €3,074 (-75.3%), from €4,085 to €1,011
mainly Trade debts (-€36,961) and Investment in fixed assets (net) (-€5,492)
- Trade debts -€36,961
down €36,961 (-43.4%), from €85,254 to €48,293
- Profit (loss) carried forward +€10,939
up €10,939 (+12.0%), from €91,251 to €102,191
- Gross operating margin -€45,475
down €45,475 (-68.4%), from €66,464 to €20,989
- Taxes -€8,735
down €8,735 (-70.1%), from €12,463 to €3,729
- Financial charges -€1,866
down €1,866 (-77.2%), from €2,417 to €551
- Depreciation -€1,337
down €1,337 (-34.1%), from €3,917 to €2,580
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 | €221,653 | €196,844 | -€24,809 | -11.2% |
| Formation expenses | 20 | €553 | €374 | -€179 | -32.4% |
| Fixed assets | 21/28 | €2,915 | €6,007 | +€3,092 | +106% |
| Tangible fixed assets | 22/27 | €2,915 | €6,007 | +€3,092 | +106% |
| Land and buildings | 22 | - | €1,573 | +€1,573 | |
| Plant, machinery and equipment | 23 | €1,034 | €4,009 | +€2,975 | +288% |
| Furniture and vehicles | 24 | €1,881 | €425 | -€1,456 | -77.4% |
| Current assets | 29/58 | €218,185 | €190,463 | -€27,722 | -12.7% |
| Stocks and contracts in progress | 3 | €169,989 | €165,036 | -€4,953 | -2.9% |
| Stocks | 30/36 | €169,989 | €165,036 | -€4,953 | -2.9% |
| Amounts receivable within one year | 40/41 | €43,467 | €23,733 | -€19,734 | -45.4% |
| Trade receivables | 40 | €41,132 | €13,221 | -€27,911 | -67.9% |
| Other amounts receivable | 41 | €2,335 | €10,511 | +€8,177 | +350% |
| Cash at bank and in hand | 54/58 | €4,085 | €1,011 | -€3,074 | -75.3% |
| Deferred charges and accrued income | 490/1 | €645 | €684 | +€39 | +6.1% |
| Total equity and liabilities | 10/49 | €221,653 | €196,844 | -€24,809 | -11.2% |
| Equity | 10/15 | €94,251 | €105,191 | +€10,939 | +11.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,251 | €102,191 | +€10,939 | +12.0% |
| Amounts payable | 17/49 | €127,402 | €91,653 | -€35,748 | -28.1% |
| Amounts payable within one year | 42/48 | €127,402 | €91,653 | -€35,748 | -28.1% |
| Trade debts | 44 | €85,254 | €48,293 | -€36,961 | -43.4% |
| Suppliers | 440/4 | €85,254 | €48,293 | -€36,961 | -43.4% |
| Taxes, remuneration and social security | 45 | €11,543 | €12,599 | +€1,056 | +9.1% |
| Taxes | 450/3 | €9,293 | €10,349 | +€1,056 | +11.4% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €30,604 | €30,761 | +€156 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,917 | €2,580 | -€1,337 | -34.1% |
| Other operating charges | 640/8 | €3,812 | €3,872 | +€60 | +1.6% |
| Gross operating margin | 9900 | €66,464 | €20,989 | -€45,475 | -68.4% |
| Operating profit (loss) | 9901 | €58,735 | €14,538 | -€44,197 | -75.2% |
| Financial income | 75/76B | €690 | €681 | -€9 | -1.2% |
| Recurring financial income | 75 | €690 | €681 | -€9 | -1.2% |
| Financial charges | 65/66B | €2,417 | €551 | -€1,866 | -77.2% |
| Recurring financial charges | 65 | €2,417 | €551 | -€1,866 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €57,008 | €14,668 | -€42,340 | -74.3% |
| Income taxes | 67/77 | €12,463 | €3,729 | -€8,735 | -70.1% |
| Profit (loss) for the period | 9904 | €44,544 | €10,939 | -€33,605 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,544 | €10,939 | -€33,605 | -75.4% |
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 24 October 2026 via checked.be.