FIETSEN ROGIERS: what changed
What changed
FIETSEN ROGIERS
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€43,199
2024 · -€29,273+€72,472
Equity
€347,670
2024 · €304,471+€43,199
Cash
€26,173
2024 · €80,892-€54,719
Balance sheet total
€1.6m
2024 · €1.7m-€86,348
Largest movements
Assets
- Cash -€54,719
down €54,719 (-67.6%), from €80,892 to €26,173
mainly Trade debts (-€67,210) and Debts after one year (-€63,112)
- Tangible fixed assets -€34,250
down €34,250 (-4.7%), from €721,908 to €687,659
of which Land and buildings: -€18,981
Equity and liabilities
- Trade debts -€67,210
down €67,210 (-50.4%), from €133,378 to €66,167
- Debts after one year -€63,112
down €63,112 (-10.2%), from €615,730 to €552,619
- Profit (loss) carried forward +€43,199
up €43,199, from -€29,273 to €13,926
- Tax, wage and social debts +€20,071
up €20,071 (+50.0%), from €40,113 to €60,184
of which Remuneration and social security: +€10,422
Income statement
- Gross operating margin +€93,551
up €93,551 (+56.6%), from €165,223 to €258,774
- Staff costs +€19,064
up €19,064 (+21.9%), from €87,199 to €106,263
- Taxes +€5,660
up €5,660 (+1,675%), from €338 to €5,998
- Financial charges -€3,073
down €3,073 (-6.3%), from €49,124 to €46,051
Change in the result, 2024 to 2025
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 2024
-€29,273
Gross operating margin
+€93,551
Staff costs
-€19,064
Depreciation
+€1,679
Other operating charges
-€5
Financial income
-€1,101
Financial charges
+€3,073
Taxes
-€5,660
Result 2025
€43,199
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,069
Investment
-€16,909
Financing
-€58,880
Cash 2024
€80,892
From operations (derived)
+€21,069
Net result for the year
+€43,199
Depreciation
+€51,284
Stocks and contracts
+€10,837
Receivables within one year
-€13,263
Deferred charges and accrued income
-€321
Trade debts
-€67,210
Tax, wage and social debts
+€20,071
Advances received
-€15,465
Other debts
-€6,006
Accrued charges and deferred income
-€2,058
Investment (derived)
-€16,909
Investment in fixed assets (net)
-€16,909
Financing
-€58,880
Debts after one year
-€63,112
Current portion of long-term debt
-€4,222
Short-term financial debts
+€8,454
Cash 2025
€26,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,691,054 | €1,604,706 | -€86,348 | -5.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €722,721 | €688,346 | -€34,375 | -4.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €721,908 | €687,659 | -€34,250 | -4.7% |
| Land and buildings | 22 | €645,617 | €626,636 | -€18,981 | -2.9% |
| Plant, machinery and equipment | 23 | €19,521 | €14,860 | -€4,661 | -23.9% |
| Furniture and vehicles | 24 | €56,771 | €46,163 | -€10,608 | -18.7% |
| Financial fixed assets | 28 | €812 | €687 | -€125 | -15.4% |
| Current assets | 29/58 | €968,333 | €916,360 | -€51,973 | -5.4% |
| Stocks and contracts in progress | 3 | €878,945 | €868,108 | -€10,837 | -1.2% |
| Stocks | 30/36 | €878,945 | €868,108 | -€10,837 | -1.2% |
| Amounts receivable within one year | 40/41 | €4,673 | €17,936 | +€13,263 | +284% |
| Trade receivables | 40 | €4,673 | €17,885 | +€13,211 | +283% |
| Other amounts receivable | 41 | - | €51 | +€51 | |
| Cash at bank and in hand | 54/58 | €80,892 | €26,173 | -€54,719 | -67.6% |
| Deferred charges and accrued income | 490/1 | €3,822 | €4,143 | +€321 | +8.4% |
| Total equity and liabilities | 10/49 | €1,691,054 | €1,604,706 | -€86,348 | -5.1% |
| Equity | 10/15 | €304,471 | €347,670 | +€43,199 | +14.2% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €168,744 | €168,744 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €165,344 | €165,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,273 | €13,926 | +€43,199 | |
| Amounts payable | 17/49 | €1,386,583 | €1,257,036 | -€129,548 | -9.3% |
| Amounts payable after more than one year | 17 | €615,730 | €552,619 | -€63,112 | -10.2% |
| Financial debts | 170/4 | €615,730 | €552,619 | -€63,112 | -10.2% |
| Amounts payable within one year | 42/48 | €767,966 | €703,587 | -€64,379 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €67,334 | €63,112 | -€4,222 | -6.3% |
| Financial debts | 43 | €350,000 | €358,454 | +€8,454 | +2.4% |
| Credit institutions | 430/8 | €350,000 | €358,454 | +€8,454 | +2.4% |
| Trade debts | 44 | €133,378 | €66,167 | -€67,210 | -50.4% |
| Suppliers | 440/4 | €133,378 | €66,167 | -€67,210 | -50.4% |
| Advances received on contracts in progress | 46 | €16,535 | €1,070 | -€15,465 | -93.5% |
| Taxes, remuneration and social security | 45 | €40,113 | €60,184 | +€20,071 | +50.0% |
| Taxes | 450/3 | €29,552 | €39,201 | +€9,649 | +32.7% |
| Remuneration and social security | 454/9 | €10,561 | €20,983 | +€10,422 | +98.7% |
| Other amounts payable | 47/48 | €160,606 | €154,600 | -€6,006 | -3.7% |
| Accrued charges and deferred income | 492/3 | €2,888 | €830 | -€2,058 | -71.3% |
| Remuneration, social security and pensions | 62 | €87,199 | €106,263 | +€19,064 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,963 | €51,284 | -€1,679 | -3.2% |
| Other operating charges | 640/8 | €9,088 | €9,093 | +€5 | +0.1% |
| Gross operating margin | 9900 | €165,223 | €258,774 | +€93,551 | +56.6% |
| Operating profit (loss) | 9901 | €15,974 | €92,134 | +€76,161 | +477% |
| Financial income | 75/76B | €4,215 | €3,114 | -€1,101 | -26.1% |
| Recurring financial income | 75 | €4,215 | €3,114 | -€1,101 | -26.1% |
| Financial charges | 65/66B | €49,124 | €46,051 | -€3,073 | -6.3% |
| Recurring financial charges | 65 | €49,124 | €46,051 | -€3,073 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,935 | €49,197 | +€78,133 | |
| Income taxes | 67/77 | €338 | €5,998 | +€5,660 | +1,675% |
| Profit (loss) for the period | 9904 | -€29,273 | €43,199 | +€72,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,273 | €43,199 | +€72,472 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.