FIETSEN PAUWELS: what changed
What changed
FIETSEN PAUWELS
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€346,538
2023 · €558,365-€211,827
Equity
€2.1m
2023 · €1.8m+€346,538
Cash
€217,999
2023 · €72,786+€145,213
Balance sheet total
€2.6m
2023 · €2.5m+€60,870
Largest movements
Assets
- Cash +€145,213
up €145,213 (+200%), from €72,786 to €217,999
mainly Net result for the year (+€346,538) and Stocks and contracts (+€106,342)
- Stocks and contracts -€106,342
down €106,342 (-5.1%), from €2.1m to €2.0m
- Tangible fixed assets +€42,755
up €42,755 (+121%), from €35,453 to €78,208
of which Other tangible fixed assets: +€44,932
Equity and liabilities
- Reserves +€346,538
up €346,538 (+19.4%), from €1.8m to €2.1m
- Tax, wage and social debts -€188,368
down €188,368 (-68.9%), from €273,249 to €84,881
of which Taxes: -€197,403
- Short-term financial debts -€79,212
down €79,212 (-70.1%), from €112,968 to €33,756
- Trade debts -€61,995
down €61,995 (-47.8%), from €129,730 to €67,736
- Current portion of long-term debt +€28,587
new in 2024: €28,587
Income statement
- Gross operating margin -€241,106
down €241,106 (-26.3%), from €915,703 to €674,596
- Taxes -€77,347
down €77,347 (-40.9%), from €189,311 to €111,964
- Staff costs +€67,625
up €67,625 (+48.1%), from €140,698 to €208,323
- Write-downs -€27,547
down €27,547, from €14,214 to -€13,333
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€558,365
Gross operating margin
-€241,106
Staff costs
-€67,625
Depreciation
-€3,031
Write-downs
+€27,547
Other operating charges
+€1,316
Financial income
+€1,268
Financial charges
-€7,544
Taxes
+€77,347
Result 2024
€346,538
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€249,333
Investment
-€55,943
Financing
-€48,176
Cash 2023
€72,786
From operations (derived)
+€249,333
Net result for the year
+€346,538
Depreciation
+€13,188
Stocks and contracts
+€106,342
Receivables within one year
+€13,972
Deferred charges and accrued income
+€6,784
Trade debts
-€61,995
Tax, wage and social debts
-€188,368
Advances received
+€1,375
Other debts
-€4,230
Accrued charges and deferred income
+€15,726
Investment (derived)
-€55,943
Investment in fixed assets (net)
-€55,943
Financing
-€48,176
Debts after one year
+€2,448
Current portion of long-term debt
+€28,587
Short-term financial debts
-€79,212
Cash 2024
€217,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,534,934 | €2,595,804 | +€60,870 | +2.4% |
| Fixed assets | 21/28 | €39,310 | €82,066 | +€42,755 | +109% |
| Tangible fixed assets | 22/27 | €35,453 | €78,208 | +€42,755 | +121% |
| Plant, machinery and equipment | 23 | €5,777 | €4,139 | -€1,639 | -28.4% |
| Furniture and vehicles | 24 | €2,136 | €1,598 | -€538 | -25.2% |
| Other tangible fixed assets | 26 | €27,540 | €72,472 | +€44,932 | +163% |
| Financial fixed assets | 28 | €3,857 | €3,857 | = | 0.0% |
| Current assets | 29/58 | €2,495,624 | €2,513,739 | +€18,115 | +0.7% |
| Stocks and contracts in progress | 3 | €2,104,015 | €1,997,673 | -€106,342 | -5.1% |
| Stocks | 30/36 | €2,104,015 | €1,997,673 | -€106,342 | -5.1% |
| Amounts receivable within one year | 40/41 | €287,431 | €273,460 | -€13,972 | -4.9% |
| Trade receivables | 40 | €282,329 | €88,704 | -€193,625 | -68.6% |
| Other amounts receivable | 41 | €5,102 | €184,755 | +€179,653 | +3,521% |
| Cash at bank and in hand | 54/58 | €72,786 | €217,999 | +€145,213 | +200% |
| Deferred charges and accrued income | 490/1 | €31,392 | €24,608 | -€6,784 | -21.6% |
| Total equity and liabilities | 10/49 | €2,534,934 | €2,595,804 | +€60,870 | +2.4% |
| Equity | 10/15 | €1,795,871 | €2,142,409 | +€346,538 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,790,871 | €2,137,409 | +€346,538 | +19.4% |
| Distributable reserves | 133 | €1,790,871 | €2,137,409 | +€346,538 | +19.4% |
| Amounts payable | 17/49 | €739,063 | €453,395 | -€285,668 | -38.7% |
| Amounts payable after more than one year | 17 | - | €2,448 | +€2,448 | |
| Financial debts | 170/4 | - | €2,448 | +€2,448 | |
| Amounts payable within one year | 42/48 | €718,722 | €414,879 | -€303,843 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €28,587 | +€28,587 | |
| Financial debts | 43 | €112,968 | €33,756 | -€79,212 | -70.1% |
| Credit institutions | 430/8 | €112,968 | €33,756 | -€79,212 | -70.1% |
| Trade debts | 44 | €129,730 | €67,736 | -€61,995 | -47.8% |
| Suppliers | 440/4 | €129,730 | €67,736 | -€61,995 | -47.8% |
| Advances received on contracts in progress | 46 | €4,571 | €5,946 | +€1,375 | +30.1% |
| Taxes, remuneration and social security | 45 | €273,249 | €84,881 | -€188,368 | -68.9% |
| Taxes | 450/3 | €241,479 | €44,076 | -€197,403 | -81.7% |
| Remuneration and social security | 454/9 | €31,770 | €40,804 | +€9,035 | +28.4% |
| Other amounts payable | 47/48 | €198,204 | €193,974 | -€4,230 | -2.1% |
| Accrued charges and deferred income | 492/3 | €20,341 | €36,067 | +€15,726 | +77.3% |
| Remuneration, social security and pensions | 62 | €140,698 | €208,323 | +€67,625 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,157 | €13,188 | +€3,031 | +29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,214 | -€13,333 | -€27,547 | |
| Other operating charges | 640/8 | €3,264 | €1,948 | -€1,316 | -40.3% |
| Gross operating margin | 9900 | €915,703 | €674,596 | -€241,106 | -26.3% |
| Operating profit (loss) | 9901 | €747,369 | €464,470 | -€282,898 | -37.9% |
| Financial income | 75/76B | €20,160 | €21,428 | +€1,268 | +6.3% |
| Recurring financial income | 75 | €20,160 | €21,428 | +€1,268 | +6.3% |
| Financial charges | 65/66B | €19,853 | €27,396 | +€7,544 | +38.0% |
| Recurring financial charges | 65 | €19,853 | €27,396 | +€7,544 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €747,676 | €458,502 | -€289,174 | -38.7% |
| Income taxes | 67/77 | €189,311 | €111,964 | -€77,347 | -40.9% |
| Profit (loss) for the period | 9904 | €558,365 | €346,538 | -€211,827 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €558,365 | €346,538 | -€211,827 | -37.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.