Fietsen Peter: 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 Peter
Largest movements
- Stocks and contracts +€65,218
up €65,218 (+9.9%), from €657,195 to €722,413
- Cash +€39,666
up €39,666 (+1,133%), from €3,502 to €43,168
mainly Net result for the year (+€113,014) and Depreciation (+€38,243)
- Tangible fixed assets -€31,660
down €31,660 (-43.6%), from €72,613 to €40,953
of which Other tangible fixed assets: -€19,639
- Receivables within one year -€30,586
down €30,586 (-96.0%), from €31,868 to €1,281
of which Trade receivables: -€19,459
- Reserves +€113,014
up €113,014 (+37.1%), from €304,351 to €417,365
- Short-term financial debts -€48,334
down €48,334 (-44.6%), from €108,334 to €60,000
- Tax, wage and social debts +€32,690
up €32,690 (+78.3%), from €41,766 to €74,456
of which Taxes: +€32,690
- Trade debts -€30,376
down €30,376 (-26.8%), from €113,266 to €82,890
- Other debts -€11,883
down €11,883 (-7.8%), from €152,623 to €140,740
- Gross operating margin +€21,961
up €21,961 (+11.4%), from €193,389 to €215,350
- Taxes +€7,807
up €7,807 (+18.7%), from €41,767 to €49,574
- Financial charges -€2,916
down €2,916 (-12.5%), from €23,283 to €20,367
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 | €782,562 | €823,699 | +€41,137 | +5.3% |
| Fixed assets | 21/28 | €89,997 | €56,837 | -€33,160 | -36.8% |
| Intangible fixed assets | 21 | €11,384 | €9,884 | -€1,500 | -13.2% |
| Tangible fixed assets | 22/27 | €72,613 | €40,953 | -€31,660 | -43.6% |
| Land and buildings | 22 | €9,085 | €8,568 | -€517 | -5.7% |
| Plant, machinery and equipment | 23 | €2,821 | €2,818 | -€4 | -0.1% |
| Furniture and vehicles | 24 | €31,681 | €20,180 | -€11,501 | -36.3% |
| Other tangible fixed assets | 26 | €29,026 | €9,388 | -€19,639 | -67.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €692,565 | €766,863 | +€74,297 | +10.7% |
| Stocks and contracts in progress | 3 | €657,195 | €722,413 | +€65,218 | +9.9% |
| Stocks | 30/36 | €657,195 | €722,413 | +€65,218 | +9.9% |
| Amounts receivable within one year | 40/41 | €31,868 | €1,281 | -€30,586 | -96.0% |
| Trade receivables | 40 | €20,720 | €1,260 | -€19,459 | -93.9% |
| Other amounts receivable | 41 | €11,148 | €21 | -€11,127 | -99.8% |
| Cash at bank and in hand | 54/58 | €3,502 | €43,168 | +€39,666 | +1,133% |
| Total equity and liabilities | 10/49 | €782,562 | €823,699 | +€41,137 | +5.3% |
| Equity | 10/15 | €319,351 | €432,365 | +€113,014 | +35.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €304,351 | €417,365 | +€113,014 | +37.1% |
| Distributable reserves | 133 | €304,351 | €417,365 | +€113,014 | +37.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €463,211 | €391,334 | -€71,877 | -15.5% |
| Amounts payable after more than one year | 17 | €33,248 | €22,211 | -€11,037 | -33.2% |
| Financial debts | 170/4 | €33,248 | €22,211 | -€11,037 | -33.2% |
| Amounts payable within one year | 42/48 | €428,906 | €369,123 | -€59,783 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €12,917 | €11,037 | -€1,881 | -14.6% |
| Financial debts | 43 | €108,334 | €60,000 | -€48,334 | -44.6% |
| Credit institutions | 430/8 | €108,334 | €60,000 | -€48,334 | -44.6% |
| Trade debts | 44 | €113,266 | €82,890 | -€30,376 | -26.8% |
| Suppliers | 440/4 | €113,266 | €82,890 | -€30,376 | -26.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €41,766 | €74,456 | +€32,690 | +78.3% |
| Taxes | 450/3 | €41,766 | €74,456 | +€32,690 | +78.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €152,623 | €140,740 | -€11,883 | -7.8% |
| Accrued charges and deferred income | 492/3 | €1,057 | €0 | -€1,057 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,087 | €38,243 | +€156 | +0.4% |
| Other operating charges | 640/8 | €1,845 | €2,150 | +€305 | +16.5% |
| Gross operating margin | 9900 | €193,389 | €215,350 | +€21,961 | +11.4% |
| Operating profit (loss) | 9901 | €153,457 | €174,919 | +€21,463 | +14.0% |
| Financial income | 75/76B | €9,615 | €8,036 | -€1,580 | -16.4% |
| Recurring financial income | 75 | €9,615 | €8,036 | -€1,580 | -16.4% |
| Financial charges | 65/66B | €23,283 | €20,367 | -€2,916 | -12.5% |
| Recurring financial charges | 65 | €23,283 | €20,367 | -€2,916 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €139,788 | €162,588 | +€22,799 | +16.3% |
| Income taxes | 67/77 | €41,767 | €49,574 | +€7,807 | +18.7% |
| Profit (loss) for the period | 9904 | €98,021 | €113,014 | +€14,993 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,021 | €113,014 | +€14,993 | +15.3% |
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 13 October 2026 via checked.be.