Fietsen Leten: 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 Leten
Largest movements
- Cash -€63,962
down €63,962 (-39.1%), from €163,595 to €99,633
mainly Receivables within one year (-€34,790) and Investment in fixed assets (net) (-€33,874)
- Receivables within one year +€34,790
up €34,790 (+89.5%), from €38,850 to €73,640
of which Other amounts receivable: +€25,270
- Stocks and contracts +€31,681
up €31,681 (+9.8%), from €322,755 to €354,436
- Tangible fixed assets +€9,051
up €9,051 (+18.2%), from €49,838 to €58,890
of which Plant, machinery and equipment: +€12,102
- Profit (loss) carried forward +€35,486
up €35,486 (+1,128%), from €3,147 to €38,633
- Other debts -€20,000
down €20,000 (-23.8%), from €84,140 to €64,140
- Debts after one year -€14,979
down €14,979 (-43.9%), from €34,159 to €19,180
- Tax, wage and social debts +€14,462
up €14,462 (+31.7%), from €45,599 to €60,061
of which Taxes: +€11,559
- Staff costs +€79,234
up €79,234 (+48.1%), from €164,857 to €244,091
- Financial charges -€41,737
down €41,737 (-95.6%), from €43,664 to €1,927
- Gross operating margin -€31,748
down €31,748 (-9.1%), from €347,864 to €316,116
- Taxes -€23,394
down €23,394 (-67.4%), from €34,696 to €11,301
- Financial income +€5,461
up €5,461 (+309%), from €1,768 to €7,230
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 | €576,639 | €590,262 | +€13,623 | +2.4% |
| Fixed assets | 21/28 | €49,838 | €58,890 | +€9,051 | +18.2% |
| Tangible fixed assets | 22/27 | €49,838 | €58,890 | +€9,051 | +18.2% |
| Plant, machinery and equipment | 23 | €46,788 | €58,890 | +€12,102 | +25.9% |
| Furniture and vehicles | 24 | €3,051 | - | -€3,051 | |
| Current assets | 29/58 | €526,801 | €531,372 | +€4,572 | +0.9% |
| Stocks and contracts in progress | 3 | €322,755 | €354,436 | +€31,681 | +9.8% |
| Stocks | 30/36 | €322,755 | €354,436 | +€31,681 | +9.8% |
| Amounts receivable within one year | 40/41 | €38,850 | €73,640 | +€34,790 | +89.5% |
| Trade receivables | 40 | €20,541 | €30,061 | +€9,520 | +46.3% |
| Other amounts receivable | 41 | €18,309 | €43,579 | +€25,270 | +138% |
| Cash at bank and in hand | 54/58 | €163,595 | €99,633 | -€63,962 | -39.1% |
| Deferred charges and accrued income | 490/1 | €1,600 | €3,662 | +€2,062 | +129% |
| Total equity and liabilities | 10/49 | €576,639 | €590,262 | +€13,623 | +2.4% |
| Equity | 10/15 | €368,152 | €406,785 | +€38,633 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,405 | €349,552 | +€3,147 | +0.9% |
| 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 | €344,545 | €347,692 | +€3,147 | +0.9% |
| Profit (loss) carried forward | 14 | €3,147 | €38,633 | +€35,486 | +1,128% |
| Amounts payable | 17/49 | €208,487 | €183,477 | -€25,010 | -12.0% |
| Amounts payable after more than one year | 17 | €34,159 | €19,180 | -€14,979 | -43.9% |
| Financial debts | 170/4 | €34,159 | €19,180 | -€14,979 | -43.9% |
| Amounts payable within one year | 42/48 | €173,029 | €162,999 | -€10,030 | -5.8% |
| Trade debts | 44 | €43,290 | €38,798 | -€4,492 | -10.4% |
| Suppliers | 440/4 | €43,290 | €38,798 | -€4,492 | -10.4% |
| Taxes, remuneration and social security | 45 | €45,599 | €60,061 | +€14,462 | +31.7% |
| Taxes | 450/3 | €27,996 | €39,555 | +€11,559 | +41.3% |
| Remuneration and social security | 454/9 | €17,603 | €20,505 | +€2,903 | +16.5% |
| Other amounts payable | 47/48 | €84,140 | €64,140 | -€20,000 | -23.8% |
| Accrued charges and deferred income | 492/3 | €1,299 | €1,298 | -€1 | -0.1% |
| Non-recurring operating income | 76A | - | €7 | +€7 | |
| Remuneration, social security and pensions | 62 | €164,857 | €244,091 | +€79,234 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,819 | €24,823 | +€1,004 | +4.2% |
| Other operating charges | 640/8 | €1,969 | €2,571 | +€601 | +30.5% |
| Non-recurring operating charges | 66A | €2,481 | - | -€2,481 | |
| Gross operating margin | 9900 | €347,864 | €316,116 | -€31,748 | -9.1% |
| Operating profit (loss) | 9901 | €154,738 | €44,632 | -€110,106 | -71.2% |
| Financial income | 75/76B | €1,768 | €7,230 | +€5,461 | +309% |
| Recurring financial income | 75 | €1,768 | €7,230 | +€5,461 | +309% |
| Financial charges | 65/66B | €43,664 | €1,927 | -€41,737 | -95.6% |
| Recurring financial charges | 65 | €43,664 | €1,927 | -€41,737 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €112,842 | €49,934 | -€62,908 | -55.7% |
| Income taxes | 67/77 | €34,696 | €11,301 | -€23,394 | -67.4% |
| Profit (loss) for the period | 9904 | €78,147 | €38,633 | -€39,514 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,147 | €38,633 | -€39,514 | -50.6% |
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 23 October 2026 via checked.be.