FIETSEN SAMAN: 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.
What changed
FIETSEN SAMAN
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€91,292
2024 · €124,601-€33,310
Equity
€1.3m
2024 · €1.2m+€25,848
Cash
€61,009
2024 · €32,022+€28,987
Balance sheet total
€1.7m
2024 · €1.8m-€115,723
Largest movements
Assets
- Stocks and contracts -€158,780
down €158,780 (-10.7%), from €1.5m to €1.3m
- Cash +€28,987
up €28,987 (+90.5%), from €32,022 to €61,009
mainly Stocks and contracts (+€158,780) and Net result for the year (+€91,292)
- Receivables within one year +€21,943
up €21,943 (+14.6%), from €150,471 to €172,413
of which Trade receivables: +€15,052
Equity and liabilities
- Other debts -€129,351
down €129,351 (-92.7%), from €139,590 to €10,239
- Reserves +€25,848
up €25,848 (+2.4%), from €1.1m to €1.1m
Income statement
- Staff costs +€46,938
up €46,938 (+9.5%), from €491,507 to €538,445
- Taxes -€10,980
down €10,980 (-18.2%), from €60,172 to €49,192
- Financial charges -€9,401
down €9,401 (-38.5%), from €24,441 to €15,040
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.
Result 2024
€124,601
Gross operating margin
-€4,183
Staff costs
-€46,938
Depreciation
+€1,000
Other operating charges
-€2,663
Financial income
-€906
Financial charges
+€9,401
Taxes
+€10,980
Result 2025
€91,292
raises the resultlowers the result
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.
From operations
+€148,323
Investment
-€24,861
Financing
-€94,475
Cash 2024
€32,022
From operations (derived)
+€148,323
Net result for the year
+€91,292
Depreciation
+€37,328
Stocks and contracts
+€158,780
Receivables within one year
-€21,943
Deferred charges and accrued income
-€4,594
Trade debts
-€3,075
Tax, wage and social debts
+€16,874
Advances received
+€2,852
Other debts
-€129,351
Accrued charges and deferred income
+€160
Investment (derived)
-€24,861
Investment in fixed assets (net)
-€24,861
Financing
-€94,475
Debts after one year
-€14,431
Current portion of long-term debt
+€401
Short-term financial debts
-€15,000
Contributions, distributions and other
-€65,444
Cash 2025
€61,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,803,689 | €1,687,966 | -€115,723 | -6.4% |
| Fixed assets | 21/28 | €135,739 | €123,272 | -€12,467 | -9.2% |
| Intangible fixed assets | 21 | €1,802 | €2,940 | +€1,138 | +63.2% |
| Tangible fixed assets | 22/27 | €126,644 | €112,992 | -€13,652 | -10.8% |
| Plant, machinery and equipment | 23 | €8,679 | €5,978 | -€2,701 | -31.1% |
| Furniture and vehicles | 24 | €7,117 | €26,456 | +€19,338 | +272% |
| Other tangible fixed assets | 26 | €110,848 | €80,558 | -€30,289 | -27.3% |
| Financial fixed assets | 28 | €7,294 | €7,340 | +€47 | +0.6% |
| Current assets | 29/58 | €1,667,950 | €1,564,694 | -€103,256 | -6.2% |
| Stocks and contracts in progress | 3 | €1,484,919 | €1,326,139 | -€158,780 | -10.7% |
| Stocks | 30/36 | €1,484,919 | €1,326,139 | -€158,780 | -10.7% |
| Amounts receivable within one year | 40/41 | €150,471 | €172,413 | +€21,943 | +14.6% |
| Trade receivables | 40 | €27,928 | €42,980 | +€15,052 | +53.9% |
| Other amounts receivable | 41 | €122,543 | €129,434 | +€6,891 | +5.6% |
| Cash at bank and in hand | 54/58 | €32,022 | €61,009 | +€28,987 | +90.5% |
| Deferred charges and accrued income | 490/1 | €538 | €5,132 | +€4,594 | +853% |
| Total equity and liabilities | 10/49 | €1,803,689 | €1,687,966 | -€115,723 | -6.4% |
| Equity | 10/15 | €1,234,020 | €1,259,868 | +€25,848 | +2.1% |
| Contributions | 10/11 | €154,700 | €154,700 | = | 0.0% |
| Reserves | 13 | €1,077,712 | €1,103,559 | +€25,848 | +2.4% |
| Distributable reserves | 133 | €1,077,712 | €1,103,559 | +€25,848 | +2.4% |
| Profit (loss) carried forward | 14 | €1,608 | €1,608 | = | 0.0% |
| Amounts payable | 17/49 | €569,669 | €428,098 | -€141,571 | -24.9% |
| Amounts payable after more than one year | 17 | €53,648 | €39,217 | -€14,431 | -26.9% |
| Financial debts | 170/4 | €53,648 | €39,217 | -€14,431 | -26.9% |
| Amounts payable within one year | 42/48 | €514,147 | €386,848 | -€127,300 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €14,031 | €14,431 | +€401 | +2.9% |
| Financial debts | 43 | €150,000 | €135,000 | -€15,000 | -10.0% |
| Credit institutions | 430/8 | €150,000 | €135,000 | -€15,000 | -10.0% |
| Trade debts | 44 | €93,946 | €90,871 | -€3,075 | -3.3% |
| Suppliers | 440/4 | €93,946 | €90,871 | -€3,075 | -3.3% |
| Advances received on contracts in progress | 46 | €6,969 | €9,821 | +€2,852 | +40.9% |
| Taxes, remuneration and social security | 45 | €109,612 | €126,486 | +€16,874 | +15.4% |
| Taxes | 450/3 | €23,996 | €30,949 | +€6,953 | +29.0% |
| Remuneration and social security | 454/9 | €85,616 | €95,537 | +€9,921 | +11.6% |
| Other amounts payable | 47/48 | €139,590 | €10,239 | -€129,351 | -92.7% |
| Accrued charges and deferred income | 492/3 | €1,873 | €2,033 | +€160 | +8.5% |
| Remuneration, social security and pensions | 62 | €491,507 | €538,445 | +€46,938 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,328 | €37,328 | -€1,000 | -2.6% |
| Other operating charges | 640/8 | €2,973 | €5,636 | +€2,663 | +89.6% |
| Gross operating margin | 9900 | €725,743 | €721,561 | -€4,183 | -0.6% |
| Operating profit (loss) | 9901 | €192,935 | €140,151 | -€52,784 | -27.4% |
| Financial income | 75/76B | €16,279 | €15,372 | -€906 | -5.6% |
| Recurring financial income | 75 | €16,279 | €15,372 | -€906 | -5.6% |
| Financial charges | 65/66B | €24,441 | €15,040 | -€9,401 | -38.5% |
| Recurring financial charges | 65 | €24,441 | €15,040 | -€9,401 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €184,773 | €140,483 | -€44,289 | -24.0% |
| Income taxes | 67/77 | €60,172 | €49,192 | -€10,980 | -18.2% |
| Profit (loss) for the period | 9904 | €124,601 | €91,292 | -€33,310 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €124,601 | €91,292 | -€33,310 | -26.7% |
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 30 October 2026 via checked.be.