FIETSEN LINDOR: 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 LINDOR
Largest movements
- Stocks and contracts -€53,320
down €53,320 (-6.8%), from €780,510 to €727,190
- Cash +€46,623
up €46,623 (+84.4%), from €55,216 to €101,839
mainly Net result for the year (+€71,004) and Stocks and contracts (+€53,320)
- Receivables within one year -€17,151
down €17,151 (-26.1%), from €65,784 to €48,633
of which Trade receivables: -€50,477
- Profit (loss) carried forward +€71,004
up €71,004 (+29.5%), from €240,707 to €311,710
- Short-term financial debts -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
- Trade debts -€33,804
down €33,804 (-41.3%), from €81,810 to €48,006
- Current portion of long-term debt -€11,736
down €11,736 (-91.6%), from €12,814 to €1,078
- Gross operating margin +€31,747
up €31,747 (+23.7%), from €134,218 to €165,965
- Taxes +€8,555
up €8,555 (+80.2%), from €10,672 to €19,227
- Financial income +€4,473
up €4,473 (+61.4%), from €7,283 to €11,757
- Financial charges -€2,995
down €2,995 (-46.7%), from €6,409 to €3,414
- Other operating charges -€2,644
down €2,644 (-43.3%), from €6,110 to €3,466
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 | €943,117 | €906,763 | -€36,354 | -3.9% |
| Fixed assets | 21/28 | €40,419 | €28,115 | -€12,304 | -30.4% |
| Intangible fixed assets | 21 | €9,986 | €4,986 | -€5,000 | -50.1% |
| Tangible fixed assets | 22/27 | €30,433 | €23,129 | -€7,304 | -24.0% |
| Plant, machinery and equipment | 23 | €19,973 | €17,685 | -€2,288 | -11.5% |
| Furniture and vehicles | 24 | €10,460 | €5,444 | -€5,017 | -48.0% |
| Current assets | 29/58 | €902,698 | €878,648 | -€24,050 | -2.7% |
| Stocks and contracts in progress | 3 | €780,510 | €727,190 | -€53,320 | -6.8% |
| Stocks | 30/36 | €780,510 | €727,190 | -€53,320 | -6.8% |
| Amounts receivable within one year | 40/41 | €65,784 | €48,633 | -€17,151 | -26.1% |
| Trade receivables | 40 | €61,152 | €10,675 | -€50,477 | -82.5% |
| Other amounts receivable | 41 | €4,632 | €37,958 | +€33,326 | +719% |
| Cash at bank and in hand | 54/58 | €55,216 | €101,839 | +€46,623 | +84.4% |
| Deferred charges and accrued income | 490/1 | €1,188 | €987 | -€202 | -17.0% |
| Total equity and liabilities | 10/49 | €943,117 | €906,763 | -€36,354 | -3.9% |
| Equity | 10/15 | €250,707 | €321,710 | +€71,004 | +28.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,707 | €311,710 | +€71,004 | +29.5% |
| Amounts payable | 17/49 | €692,410 | €585,053 | -€107,357 | -15.5% |
| Amounts payable after more than one year | 17 | €1,078 | - | -€1,078 | |
| Financial debts | 170/4 | €1,078 | - | -€1,078 | |
| Amounts payable within one year | 42/48 | €691,332 | €583,553 | -€107,779 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €12,814 | €1,078 | -€11,736 | -91.6% |
| Financial debts | 43 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Other loans | 439 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Trade debts | 44 | €81,810 | €48,006 | -€33,804 | -41.3% |
| Suppliers | 440/4 | €81,810 | €48,006 | -€33,804 | -41.3% |
| Taxes, remuneration and social security | 45 | €13,982 | €7,212 | -€6,770 | -48.4% |
| Taxes | 450/3 | €12,615 | €5,776 | -€6,839 | -54.2% |
| Remuneration and social security | 454/9 | €1,368 | €1,436 | +€68 | +5.0% |
| Other amounts payable | 47/48 | €457,726 | €452,257 | -€5,469 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €58,359 | €60,355 | +€1,997 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,959 | €20,255 | +€296 | +1.5% |
| Other operating charges | 640/8 | €6,110 | €3,466 | -€2,644 | -43.3% |
| Gross operating margin | 9900 | €134,218 | €165,965 | +€31,747 | +23.7% |
| Operating profit (loss) | 9901 | €49,790 | €81,888 | +€32,098 | +64.5% |
| Financial income | 75/76B | €7,283 | €11,757 | +€4,473 | +61.4% |
| Recurring financial income | 75 | €7,283 | €11,757 | +€4,473 | +61.4% |
| Financial charges | 65/66B | €6,409 | €3,414 | -€2,995 | -46.7% |
| Recurring financial charges | 65 | €6,409 | €3,414 | -€2,995 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €50,664 | €90,231 | +€39,567 | +78.1% |
| Income taxes | 67/77 | €10,672 | €19,227 | +€8,555 | +80.2% |
| Profit (loss) for the period | 9904 | €39,992 | €71,004 | +€31,012 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,992 | €71,004 | +€31,012 | +77.5% |
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 16 October 2026 via checked.be.