Fietsen Thys: 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 Thys
Largest movements
- Stocks and contracts +€88,270
up €88,270 (+6.1%), from €1.5m to €1.5m
- Cash -€45,642
down €45,642 (-97.3%), from €46,884 to €1,243
mainly Short-term financial debts (-€217,823) and Stocks and contracts (-€88,270)
- Receivables within one year -€25,221
down €25,221 (-16.1%), from €156,203 to €130,981
of which Trade receivables: -€48,951
- Reserves +€295,132
up €295,132 (+47.9%), from €616,333 to €911,465
- Short-term financial debts -€217,823
down €217,823 (-76.4%), from €285,000 to €67,177
- Tax, wage and social debts -€83,259
down €83,259 (-44.9%), from €185,269 to €102,010
of which Taxes: -€86,056
- Trade debts +€47,635
up €47,635 (+58.5%), from €81,451 to €129,086
- Other debts -€33,392
down €33,392 (-6.3%), from €531,182 to €497,791
- Gross operating margin +€224,429
up €224,429 (+58.4%), from €384,058 to €608,488
- Staff costs +€114,063
up €114,063 (+139%), from €82,026 to €196,089
- Taxes +€31,821
up €31,821 (+51.8%), from €61,450 to €93,271
- Financial charges -€10,717
down €10,717 (-29.4%), from €36,423 to €25,707
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 | €1,746,796 | €1,764,613 | +€17,817 | +1.0% |
| Fixed assets | 21/28 | €92,420 | €92,831 | +€410 | +0.4% |
| Tangible fixed assets | 22/27 | €92,420 | €92,831 | +€410 | +0.4% |
| Plant, machinery and equipment | 23 | €2,754 | €1,591 | -€1,164 | -42.2% |
| Furniture and vehicles | 24 | €9,815 | €0 | -€9,815 | -100% |
| Other tangible fixed assets | 26 | €79,851 | €91,240 | +€11,389 | +14.3% |
| Current assets | 29/58 | €1,654,375 | €1,671,782 | +€17,407 | +1.1% |
| Stocks and contracts in progress | 3 | €1,451,288 | €1,539,558 | +€88,270 | +6.1% |
| Stocks | 30/36 | €1,451,288 | €1,539,558 | +€88,270 | +6.1% |
| Amounts receivable within one year | 40/41 | €156,203 | €130,981 | -€25,221 | -16.1% |
| Trade receivables | 40 | €156,203 | €107,252 | -€48,951 | -31.3% |
| Other amounts receivable | 41 | €0 | €23,729 | +€23,729 | |
| Cash at bank and in hand | 54/58 | €46,884 | €1,243 | -€45,642 | -97.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,746,796 | €1,764,613 | +€17,817 | +1.0% |
| Equity | 10/15 | €636,333 | €931,465 | +€295,132 | +46.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €616,333 | €911,465 | +€295,132 | +47.9% |
| Distributable reserves | 133 | €616,333 | €911,465 | +€295,132 | +47.9% |
| Amounts payable | 17/49 | €1,110,462 | €833,148 | -€277,315 | -25.0% |
| Amounts payable after more than one year | 17 | €18,303 | €14,977 | -€3,325 | -18.2% |
| Financial debts | 170/4 | €18,303 | €14,977 | -€3,325 | -18.2% |
| Amounts payable within one year | 42/48 | €1,092,160 | €818,170 | -€273,989 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €3,173 | €3,325 | +€152 | +4.8% |
| Financial debts | 43 | €285,000 | €67,177 | -€217,823 | -76.4% |
| Credit institutions | 430/8 | €285,000 | €67,177 | -€217,823 | -76.4% |
| Trade debts | 44 | €81,451 | €129,086 | +€47,635 | +58.5% |
| Suppliers | 440/4 | €81,451 | €129,086 | +€47,635 | +58.5% |
| Advances received on contracts in progress | 46 | €6,084 | €18,781 | +€12,697 | +209% |
| Taxes, remuneration and social security | 45 | €185,269 | €102,010 | -€83,259 | -44.9% |
| Taxes | 450/3 | €170,858 | €84,801 | -€86,056 | -50.4% |
| Remuneration and social security | 454/9 | €14,412 | €17,209 | +€2,797 | +19.4% |
| Other amounts payable | 47/48 | €531,182 | €497,791 | -€33,392 | -6.3% |
| Remuneration, social security and pensions | 62 | €82,026 | €196,089 | +€114,063 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,958 | €17,581 | -€2,377 | -11.9% |
| Other operating charges | 640/8 | €10,906 | €9,648 | -€1,258 | -11.5% |
| Gross operating margin | 9900 | €384,058 | €608,488 | +€224,429 | +58.4% |
| Operating profit (loss) | 9901 | €271,168 | €385,170 | +€114,001 | +42.0% |
| Financial income | 75/76B | €27,528 | €28,939 | +€1,411 | +5.1% |
| Recurring financial income | 75 | €27,528 | €28,939 | +€1,411 | +5.1% |
| Financial charges | 65/66B | €36,423 | €25,707 | -€10,717 | -29.4% |
| Recurring financial charges | 65 | €36,423 | €25,707 | -€10,717 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €262,273 | €388,403 | +€126,130 | +48.1% |
| Income taxes | 67/77 | €61,450 | €93,271 | +€31,821 | +51.8% |
| Profit (loss) for the period | 9904 | €200,823 | €295,132 | +€94,309 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,823 | €295,132 | +€94,309 | +47.0% |
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 17 October 2026 via checked.be.