FIETSEN MOENS: 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 MOENS
Largest movements
- Cash +€82,675
up €82,675 (+123%), from €67,072 to €149,747
mainly Net result for the year (+€85,697) and Depreciation (+€40,636)
- Tangible fixed assets -€30,022
down €30,022 (-3.7%), from €819,383 to €789,361
of which Land and buildings: -€34,197
- Stocks and contracts -€29,980
down €29,980 (-7.3%), from €408,521 to €378,541
- Reserves +€85,697
up €85,697 (+53.4%), from €160,604 to €246,301
- Debts after one year -€61,771
down €61,771 (-8.8%), from €701,367 to €639,596
- Tax, wage and social debts -€29,690
down €29,690 (-55.2%), from €53,774 to €24,084
of which Taxes: -€17,815
- Trade debts +€19,177
up €19,177 (+37.7%), from €50,812 to €69,989
- Short-term financial debts +€14,654
up €14,654 (+42.6%), from €34,379 to €49,033
- Gross operating margin +€110,457
up €110,457 (+67.0%), from €164,982 to €275,440
- Taxes +€19,748
up €19,748 (+415%), from €4,753 to €24,501
- Staff costs +€16,092
up €16,092 (+21.2%), from €75,997 to €92,089
- Financial charges -€3,593
down €3,593 (-10.3%), from €34,832 to €31,239
- Financial income -€3,381
down €3,381 (-52.1%), from €6,489 to €3,107
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 | €1,316,597 | €1,332,570 | +€15,973 | +1.2% |
| Fixed assets | 21/28 | €819,383 | €789,361 | -€30,022 | -3.7% |
| Tangible fixed assets | 22/27 | €819,383 | €789,361 | -€30,022 | -3.7% |
| Land and buildings | 22 | €804,273 | €770,076 | -€34,197 | -4.3% |
| Plant, machinery and equipment | 23 | - | €7,602 | +€7,602 | |
| Furniture and vehicles | 24 | €15,110 | €11,683 | -€3,427 | -22.7% |
| Current assets | 29/58 | €497,214 | €543,210 | +€45,995 | +9.3% |
| Stocks and contracts in progress | 3 | €408,521 | €378,541 | -€29,980 | -7.3% |
| Stocks | 30/36 | €408,521 | €378,541 | -€29,980 | -7.3% |
| Amounts receivable within one year | 40/41 | €17,527 | €12,396 | -€5,130 | -29.3% |
| Trade receivables | 40 | €10,999 | €11,780 | +€781 | +7.1% |
| Other amounts receivable | 41 | €6,528 | €616 | -€5,912 | -90.6% |
| Cash at bank and in hand | 54/58 | €67,072 | €149,747 | +€82,675 | +123% |
| Deferred charges and accrued income | 490/1 | €4,095 | €2,526 | -€1,569 | -38.3% |
| Total equity and liabilities | 10/49 | €1,316,597 | €1,332,570 | +€15,973 | +1.2% |
| Equity | 10/15 | €165,604 | €251,301 | +€85,697 | +51.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €160,604 | €246,301 | +€85,697 | +53.4% |
| Distributable reserves | 133 | €160,604 | €246,301 | +€85,697 | +53.4% |
| Amounts payable | 17/49 | €1,150,994 | €1,081,269 | -€69,724 | -6.1% |
| Amounts payable after more than one year | 17 | €701,367 | €639,596 | -€61,771 | -8.8% |
| Financial debts | 170/4 | €701,367 | €639,596 | -€61,771 | -8.8% |
| Amounts payable within one year | 42/48 | €449,627 | €441,673 | -€7,953 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €67,550 | €61,771 | -€5,779 | -8.6% |
| Financial debts | 43 | €34,379 | €49,033 | +€14,654 | +42.6% |
| Credit institutions | 430/8 | €34,379 | €49,033 | +€14,654 | +42.6% |
| Trade debts | 44 | €50,812 | €69,989 | +€19,177 | +37.7% |
| Suppliers | 440/4 | €50,812 | €69,989 | +€19,177 | +37.7% |
| Taxes, remuneration and social security | 45 | €53,774 | €24,084 | -€29,690 | -55.2% |
| Taxes | 450/3 | €35,261 | €17,445 | -€17,815 | -50.5% |
| Remuneration and social security | 454/9 | €18,513 | €6,639 | -€11,874 | -64.1% |
| Other amounts payable | 47/48 | €243,112 | €236,796 | -€6,317 | -2.6% |
| Remuneration, social security and pensions | 62 | €75,997 | €92,089 | +€16,092 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,694 | €40,636 | -€2,059 | -4.8% |
| Other operating charges | 640/8 | €4,259 | €4,386 | +€126 | +3.0% |
| Gross operating margin | 9900 | €164,982 | €275,440 | +€110,457 | +67.0% |
| Operating profit (loss) | 9901 | €42,032 | €138,329 | +€96,298 | +229% |
| Financial income | 75/76B | €6,489 | €3,107 | -€3,381 | -52.1% |
| Recurring financial income | 75 | €6,489 | €3,107 | -€3,381 | -52.1% |
| Financial charges | 65/66B | €34,832 | €31,239 | -€3,593 | -10.3% |
| Recurring financial charges | 65 | €34,832 | €31,239 | -€3,593 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €13,689 | €110,198 | +€96,510 | +705% |
| Income taxes | 67/77 | €4,753 | €24,501 | +€19,748 | +415% |
| Profit (loss) for the period | 9904 | €8,935 | €85,697 | +€76,762 | +859% |
| Profit (loss) for the period to be appropriated | 9905 | €8,935 | €85,697 | +€76,762 | +859% |
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 27 October 2026 via checked.be.