FIETSEN MARKOEN: what changed
Two fiscal 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.
What changed
FIETSEN MARKOEN
NACE 47.632, Retail sale of bicycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€104,984
2024 · €100,261+€4,724
Equity
€243,309
2024 · €238,585+€4,724
Cash
€55,945
2024 · €76,865-€20,920
Balance sheet total
€634,774
2024 · €674,649-€39,875
Largest movements
Assets
- Cash -€20,920
down €20,920 (-27.2%), from €76,865 to €55,945
mainly Contributions, distributions and other (-€100,261) and Other debts (-€39,969)
- Stocks and contracts -€17,406
down €17,406 (-5.0%), from €349,406 to €332,000
Equity and liabilities
- Other debts -€39,969
down €39,969 (-99.7%), from €40,083 to €114
- Current portion of long-term debt -€11,140
down €11,140 (-52.0%), from €21,421 to €10,281
Income statement
- Gross operating margin +€16,796
up €16,796 (+6.5%), from €256,914 to €273,711
- Staff costs +€8,460
up €8,460 (+10.0%), from €84,708 to €93,168
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.
Result 2024
€100,261
Gross operating margin
+€16,796
Staff costs
-€8,460
Depreciation
-€98
Other operating charges
+€432
Financial charges
-€2,108
Taxes
-€1,839
Result 2025
€104,984
Cash bridge derived
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.
From operations
+€113,822
Investment
-€21,200
Financing
-€113,541
Cash 2024
€76,865
From operations (derived)
+€113,822
Net result for the year
+€104,984
Depreciation
+€24,993
Stocks and contracts
+€17,406
Receivables within one year
-€1,227
Deferred charges and accrued income
-€1,016
Trade debts
+€332
Tax, wage and social debts
+€2,531
Other debts
-€39,969
Accrued charges and deferred income
+€5,788
Investment (derived)
-€21,200
Investment in fixed assets (net)
-€21,200
Financing
-€113,541
Debts after one year
-€2,141
Current portion of long-term debt
-€11,140
Contributions, distributions and other
-€100,261
Cash 2025
€55,945
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,649 | €634,774 | -€39,875 | -5.9% |
| Fixed assets | 21/28 | €239,571 | €235,779 | -€3,793 | -1.6% |
| Tangible fixed assets | 22/27 | €239,571 | €235,779 | -€3,793 | -1.6% |
| Land and buildings | 22 | €236,739 | €234,423 | -€2,315 | -1.0% |
| Plant, machinery and equipment | 23 | €1,777 | €566 | -€1,211 | -68.1% |
| Furniture and vehicles | 24 | €1,056 | €789 | -€266 | -25.2% |
| Current assets | 29/58 | €435,078 | €398,995 | -€36,083 | -8.3% |
| Stocks and contracts in progress | 3 | €349,406 | €332,000 | -€17,406 | -5.0% |
| Stocks | 30/36 | €349,406 | €332,000 | -€17,406 | -5.0% |
| Amounts receivable within one year | 40/41 | €7,559 | €8,786 | +€1,227 | +16.2% |
| Trade receivables | 40 | €6,630 | €7,570 | +€940 | +14.2% |
| Other amounts receivable | 41 | €929 | €1,216 | +€287 | +30.9% |
| Cash at bank and in hand | 54/58 | €76,865 | €55,945 | -€20,920 | -27.2% |
| Deferred charges and accrued income | 490/1 | €1,249 | €2,265 | +€1,016 | +81.4% |
| Total equity and liabilities | 10/49 | €674,649 | €634,774 | -€39,875 | -5.9% |
| Equity | 10/15 | €238,585 | €243,309 | +€4,724 | +2.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €63,324 | €63,324 | = | 0.0% |
| Distributable reserves | 133 | €63,324 | €63,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,261 | €104,984 | +€4,724 | +4.7% |
| Amounts payable | 17/49 | €436,064 | €391,466 | -€44,599 | -10.2% |
| Amounts payable after more than one year | 17 | €299,171 | €297,030 | -€2,141 | -0.7% |
| Financial debts | 170/4 | €299,171 | €293,940 | -€5,231 | -1.7% |
| Other amounts payable | 178/9 | - | €3,090 | +€3,090 | |
| Amounts payable within one year | 42/48 | €133,608 | €85,362 | -€48,246 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €21,421 | €10,281 | -€11,140 | -52.0% |
| Trade debts | 44 | €24,884 | €25,216 | +€332 | +1.3% |
| Suppliers | 440/4 | €24,884 | €25,216 | +€332 | +1.3% |
| Taxes, remuneration and social security | 45 | €47,219 | €49,751 | +€2,531 | +5.4% |
| Taxes | 450/3 | €36,859 | €40,276 | +€3,416 | +9.3% |
| Remuneration and social security | 454/9 | €10,360 | €9,475 | -€885 | -8.5% |
| Other amounts payable | 47/48 | €40,083 | €114 | -€39,969 | -99.7% |
| Accrued charges and deferred income | 492/3 | €3,285 | €9,073 | +€5,788 | +176.2% |
| Remuneration, social security and pensions | 62 | €84,708 | €93,168 | +€8,460 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,895 | €24,993 | +€98 | +0.4% |
| Other operating charges | 640/8 | €4,543 | €4,111 | -€432 | -9.5% |
| Gross operating margin | 9900 | €256,914 | €273,711 | +€16,796 | +6.5% |
| Operating profit (loss) | 9901 | €142,768 | €151,439 | +€8,671 | +6.1% |
| Financial charges | 65/66B | €8,677 | €10,785 | +€2,108 | +24.3% |
| Recurring financial charges | 65 | €8,677 | €10,785 | +€2,108 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €134,091 | €140,654 | +€6,563 | +4.9% |
| Income taxes | 67/77 | €33,831 | €35,670 | +€1,839 | +5.4% |
| Profit (loss) for the period | 9904 | €100,261 | €104,984 | +€4,724 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,261 | €104,984 | +€4,724 | +4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.