FIETSEN MB: 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 MB
Largest movements
- Stocks and contracts -€150,434
down €150,434 (-45.3%), from €331,888 to €181,454
- Cash +€9,088
up €9,088 (+294%), from €3,096 to €12,184
mainly Stocks and contracts (+€150,434) and Tax, wage and social debts (+€15,324)
- Current portion of long-term debt -€74,765
down €74,765 (-93.3%), from €80,136 to €5,371
- Trade debts -€29,958
down €29,958 (-93.5%), from €32,032 to €2,074
- Reserves -€26,109
down €26,109 (-13.1%), from €199,984 to €173,875
- Short-term financial debts -€15,374
no longer reported in 2025 (was €15,374)
- Tax, wage and social debts +€15,324
up €15,324 (+58.4%), from €26,258 to €41,582
of which Remuneration and social security: +€9,216
- Gross operating margin -€65,347
down €65,347 (-50.5%), from €129,404 to €64,057
- Staff costs +€27,468
up €27,468 (+53.6%), from €51,211 to €78,679
- Taxes -€19,377
down €19,377 (-98.6%), from €19,661 to €284
- Financial charges -€1,317
down €1,317 (-11.3%), from €11,676 to €10,359
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 | €379,856 | €235,487 | -€144,368 | -38.0% |
| Fixed assets | 21/28 | €25,155 | €25,896 | +€741 | +2.9% |
| Tangible fixed assets | 22/27 | €23,555 | €24,296 | +€741 | +3.1% |
| Plant, machinery and equipment | 23 | €382 | €5,021 | +€4,639 | +1,213% |
| Furniture and vehicles | 24 | €0 | €2,983 | +€2,983 | |
| Leasing and similar rights | 25 | €21,877 | €16,291 | -€5,586 | -25.5% |
| Other tangible fixed assets | 26 | €1,295 | €0 | -€1,295 | -100% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €354,701 | €209,592 | -€145,110 | -40.9% |
| Stocks and contracts in progress | 3 | €331,888 | €181,454 | -€150,434 | -45.3% |
| Stocks | 30/36 | €331,888 | €181,454 | -€150,434 | -45.3% |
| Amounts receivable within one year | 40/41 | €18,019 | €14,752 | -€3,267 | -18.1% |
| Trade receivables | 40 | €6,723 | €11,860 | +€5,137 | +76.4% |
| Other amounts receivable | 41 | €11,295 | €2,892 | -€8,404 | -74.4% |
| Cash at bank and in hand | 54/58 | €3,096 | €12,184 | +€9,088 | +294% |
| Deferred charges and accrued income | 490/1 | €1,699 | €1,202 | -€497 | -29.2% |
| Total equity and liabilities | 10/49 | €379,856 | €235,487 | -€144,368 | -38.0% |
| Equity | 10/15 | €206,184 | €174,351 | -€31,833 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €199,984 | €173,875 | -€26,109 | -13.1% |
| Distributable reserves | 133 | €199,984 | €173,875 | -€26,109 | -13.1% |
| Profit (loss) carried forward | 14 | - | -€5,724 | -€5,724 | |
| Amounts payable | 17/49 | €173,672 | €61,136 | -€112,536 | -64.8% |
| Amounts payable after more than one year | 17 | €17,481 | €12,109 | -€5,371 | -30.7% |
| Financial debts | 170/4 | €17,481 | €12,109 | -€5,371 | -30.7% |
| Amounts payable within one year | 42/48 | €156,191 | €49,027 | -€107,164 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €80,136 | €5,371 | -€74,765 | -93.3% |
| Financial debts | 43 | €15,374 | - | -€15,374 | |
| Credit institutions | 430/8 | €15,374 | - | -€15,374 | |
| Trade debts | 44 | €32,032 | €2,074 | -€29,958 | -93.5% |
| Suppliers | 440/4 | €32,032 | €2,074 | -€29,958 | -93.5% |
| Taxes, remuneration and social security | 45 | €26,258 | €41,582 | +€15,324 | +58.4% |
| Taxes | 450/3 | €20,187 | €26,295 | +€6,108 | +30.3% |
| Remuneration and social security | 454/9 | €6,071 | €15,286 | +€9,216 | +152% |
| Other amounts payable | 47/48 | €2,391 | - | -€2,391 | |
| Remuneration, social security and pensions | 62 | €51,211 | €78,679 | +€27,468 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,657 | €8,346 | -€311 | -3.6% |
| Other operating charges | 640/8 | €1,637 | €2,067 | +€429 | +26.2% |
| Gross operating margin | 9900 | €129,404 | €64,057 | -€65,347 | -50.5% |
| Operating profit (loss) | 9901 | €67,899 | -€25,034 | -€92,934 | |
| Financial income | 75/76B | €2,702 | €3,845 | +€1,143 | +42.3% |
| Recurring financial income | 75 | €2,702 | €3,845 | +€1,143 | +42.3% |
| Financial charges | 65/66B | €11,676 | €10,359 | -€1,317 | -11.3% |
| Recurring financial charges | 65 | €11,676 | €10,359 | -€1,317 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €58,925 | -€31,548 | -€90,474 | |
| Income taxes | 67/77 | €19,661 | €284 | -€19,377 | -98.6% |
| Profit (loss) for the period | 9904 | €39,264 | -€31,833 | -€71,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,264 | -€31,833 | -€71,097 |
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 17 October 2026 via checked.be.