FIETSEN SMETS: what changed
What changed
FIETSEN SMETS
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
filed annual accounts (NBB)
Net result for the year
€50,488
2024 · €18,159+€32,329
Equity
€1.3m
2024 · €1.2m+€25,488
Cash
€323,656
2024 · €262,408+€61,248
Balance sheet total
€1.4m
2024 · €1.3m+€36,311
Largest movements
Assets
- Cash +€61,248
up €61,248 (+23.3%), from €262,408 to €323,656
mainly Net result for the year (+€50,488) and Receivables within one year (+€31,523)
- Receivables within one year -€31,523
down €31,523 (-58.9%), from €53,512 to €21,989
of which Other amounts receivable: -€19,241
- Stocks and contracts +€26,326
up €26,326 (+2.8%), from €926,506 to €952,832
- Tangible fixed assets -€19,741
down €19,741 (-27.3%), from €72,280 to €52,539
of which Furniture and vehicles: -€19,490
Equity and liabilities
- Profit (loss) carried forward +€25,488
up €25,488 (+454%), from €5,616 to €31,104
- Debts after one year +€23,444
up €23,444 (+647%), from €3,625 to €27,069
- Trade debts -€17,305
down €17,305 (-48.1%), from €35,943 to €18,638
Income statement
- Gross operating margin +€47,350
up €47,350 (+15.4%), from €307,961 to €355,312
- Taxes +€19,258
up €19,258 (+5,171%), from €372 to €19,631
- Financial income +€12,030
up €12,030 (+1,288%), from €934 to €12,964
- Staff costs +€10,427
up €10,427 (+4.1%), from €256,456 to €266,883
- Financial charges -€8,908
down €8,908 (-62.4%), from €14,280 to €5,372
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
€18,159
Gross operating margin
+€47,350
Staff costs
-€10,427
Depreciation
-€6,410
Other operating charges
+€136
Financial income
+€12,030
Financial charges
+€8,908
Taxes
-€19,258
Result 2025
€50,488
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
+€69,185
Investment
-€4,077
Financing
-€3,860
Cash 2024
€262,408
From operations (derived)
+€69,185
Net result for the year
+€50,488
Depreciation
+€23,818
Stocks and contracts
-€26,326
Receivables within one year
+€31,523
Trade debts
-€17,305
Tax, wage and social debts
+€6,989
Investment (derived)
-€4,077
Investment in fixed assets (net)
-€4,077
Financing
-€3,860
Debts after one year
+€23,444
Current portion of long-term debt
-€2,304
Contributions, distributions and other
-€25,000
Cash 2025
€323,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,317,643 | €1,353,955 | +€36,311 | +2.8% |
| Fixed assets | 21/28 | €75,217 | €55,477 | -€19,741 | -26.2% |
| Tangible fixed assets | 22/27 | €72,280 | €52,539 | -€19,741 | -27.3% |
| Land and buildings | 22 | €2,147 | €1,259 | -€889 | -41.4% |
| Plant, machinery and equipment | 23 | €9,376 | €11,255 | +€1,879 | +20.0% |
| Furniture and vehicles | 24 | €57,726 | €38,235 | -€19,490 | -33.8% |
| Other tangible fixed assets | 26 | €3,031 | €1,790 | -€1,241 | -40.9% |
| Financial fixed assets | 28 | €2,938 | €2,938 | = | 0.0% |
| Current assets | 29/58 | €1,242,426 | €1,298,478 | +€56,052 | +4.5% |
| Stocks and contracts in progress | 3 | €926,506 | €952,832 | +€26,326 | +2.8% |
| Stocks | 30/36 | €926,506 | €952,832 | +€26,326 | +2.8% |
| Amounts receivable within one year | 40/41 | €53,512 | €21,989 | -€31,523 | -58.9% |
| Trade receivables | 40 | €25,027 | €12,746 | -€12,281 | -49.1% |
| Other amounts receivable | 41 | €28,485 | €9,243 | -€19,241 | -67.6% |
| Cash at bank and in hand | 54/58 | €262,408 | €323,656 | +€61,248 | +23.3% |
| Total equity and liabilities | 10/49 | €1,317,643 | €1,353,955 | +€36,311 | +2.8% |
| Equity | 10/15 | €1,239,851 | €1,265,339 | +€25,488 | +2.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €1,184,235 | €1,184,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,235 | €59,235 | = | 0.0% |
| Distributable reserves | 133 | €1,105,000 | €1,105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,616 | €31,104 | +€25,488 | +454% |
| Amounts payable | 17/49 | €77,793 | €88,616 | +€10,823 | +13.9% |
| Amounts payable after more than one year | 17 | €3,625 | €27,069 | +€23,444 | +647% |
| Financial debts | 170/4 | €3,625 | €27,069 | +€23,444 | +647% |
| Amounts payable within one year | 42/48 | €74,167 | €61,547 | -€12,620 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €13,350 | €11,046 | -€2,304 | -17.3% |
| Trade debts | 44 | €35,943 | €18,638 | -€17,305 | -48.1% |
| Suppliers | 440/4 | €35,943 | €18,638 | -€17,305 | -48.1% |
| Taxes, remuneration and social security | 45 | €24,874 | €31,863 | +€6,989 | +28.1% |
| Taxes | 450/3 | €13,849 | €16,582 | +€2,733 | +19.7% |
| Remuneration and social security | 454/9 | €11,025 | €15,281 | +€4,255 | +38.6% |
| Remuneration, social security and pensions | 62 | €256,456 | €266,883 | +€10,427 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,408 | €23,818 | +€6,410 | +36.8% |
| Other operating charges | 640/8 | €2,221 | €2,084 | -€136 | -6.1% |
| Gross operating margin | 9900 | €307,961 | €355,312 | +€47,350 | +15.4% |
| Operating profit (loss) | 9901 | €31,877 | €62,526 | +€30,649 | +96.1% |
| Financial income | 75/76B | €934 | €12,964 | +€12,030 | +1,288% |
| Recurring financial income | 75 | €934 | €12,964 | +€12,030 | +1,288% |
| Financial charges | 65/66B | €14,280 | €5,372 | -€8,908 | -62.4% |
| Recurring financial charges | 65 | €14,280 | €5,372 | -€8,908 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €18,531 | €70,118 | +€51,587 | +278% |
| Income taxes | 67/77 | €372 | €19,631 | +€19,258 | +5,171% |
| Profit (loss) for the period | 9904 | €18,159 | €50,488 | +€32,329 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €18,159 | €50,488 | +€32,329 | +178% |
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 1 November 2026 via checked.be.