FIETSEN TIM: 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 TIM
Largest movements
- Stocks and contracts +€194,644
up €194,644 (+25.4%), from €767,292 to €961,936
- Receivables within one year -€75,959
down €75,959 (-50.1%), from €151,715 to €75,756
of which Other amounts receivable: -€49,512
- Tangible fixed assets -€26,808
down €26,808 (-3.3%), from €818,742 to €791,934
of which Land and buildings: -€25,079
- Reserves +€182,022
up €182,022 (+20.4%), from €892,876 to €1.1m
- Short-term financial debts -€111,861
down €111,861 (-100%), from €111,861 to €0
- Tax, wage and social debts +€54,664
up €54,664 (+295%), from €18,547 to €73,210
of which Taxes: +€48,794
- Other debts -€30,129
down €30,129 (-45.6%), from €66,022 to €35,892
- Debts after one year -€25,950
down €25,950 (-3.3%), from €782,357 to €756,407
- Gross operating margin +€135,765
up €135,765 (+46.9%), from €289,489 to €425,254
- Staff costs +€41,767
up €41,767 (+78.2%), from €53,435 to €95,202
- Taxes +€31,500
up €31,500 (+63.8%), from €49,388 to €80,888
- Financial charges +€8,137
up €8,137 (+37.2%), from €21,865 to €30,001
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 | €1,978,456 | €2,073,720 | +€95,265 | +4.8% |
| Fixed assets | 21/28 | €818,742 | €791,934 | -€26,808 | -3.3% |
| Tangible fixed assets | 22/27 | €818,742 | €791,934 | -€26,808 | -3.3% |
| Land and buildings | 22 | €805,360 | €780,280 | -€25,079 | -3.1% |
| Plant, machinery and equipment | 23 | €827 | €4,404 | +€3,576 | +432% |
| Furniture and vehicles | 24 | €12,555 | €7,249 | -€5,305 | -42.3% |
| Current assets | 29/58 | €1,159,714 | €1,281,787 | +€122,073 | +10.5% |
| Stocks and contracts in progress | 3 | €767,292 | €961,936 | +€194,644 | +25.4% |
| Stocks | 30/36 | €767,292 | €961,936 | +€194,644 | +25.4% |
| Amounts receivable within one year | 40/41 | €151,715 | €75,756 | -€75,959 | -50.1% |
| Trade receivables | 40 | €101,103 | €74,656 | -€26,447 | -26.2% |
| Other amounts receivable | 41 | €50,612 | €1,100 | -€49,512 | -97.8% |
| Cash at bank and in hand | 54/58 | €240,706 | €243,792 | +€3,085 | +1.3% |
| Deferred charges and accrued income | 490/1 | - | €302 | +€302 | |
| Total equity and liabilities | 10/49 | €1,978,456 | €2,073,720 | +€95,265 | +4.8% |
| Equity | 10/15 | €911,476 | €1,093,498 | +€182,022 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €892,876 | €1,074,898 | +€182,022 | +20.4% |
| Distributable reserves | 133 | €892,876 | €1,074,898 | +€182,022 | +20.4% |
| Amounts payable | 17/49 | €1,066,980 | €980,222 | -€86,758 | -8.1% |
| Amounts payable after more than one year | 17 | €782,357 | €756,407 | -€25,950 | -3.3% |
| Financial debts | 170/4 | €782,357 | €756,407 | -€25,950 | -3.3% |
| Amounts payable within one year | 42/48 | €284,623 | €223,815 | -€60,808 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €25,268 | €25,950 | +€681 | +2.7% |
| Financial debts | 43 | €111,861 | €0 | -€111,861 | -100% |
| Credit institutions | 430/8 | €111,861 | €0 | -€111,861 | -100% |
| Trade debts | 44 | €57,792 | €65,277 | +€7,485 | +13.0% |
| Suppliers | 440/4 | €57,792 | €65,277 | +€7,485 | +13.0% |
| Advances received on contracts in progress | 46 | €5,134 | €23,486 | +€18,352 | +357% |
| Taxes, remuneration and social security | 45 | €18,547 | €73,210 | +€54,664 | +295% |
| Taxes | 450/3 | €9,546 | €58,339 | +€48,794 | +511% |
| Remuneration and social security | 454/9 | €9,001 | €14,871 | +€5,870 | +65.2% |
| Other amounts payable | 47/48 | €66,022 | €35,892 | -€30,129 | -45.6% |
| Remuneration, social security and pensions | 62 | €53,435 | €95,202 | +€41,767 | +78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,892 | €50,006 | +€4,114 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,243 | €3,018 | -€2,224 | -42.4% |
| Gross operating margin | 9900 | €289,489 | €425,254 | +€135,765 | +46.9% |
| Operating profit (loss) | 9901 | €184,920 | €277,028 | +€92,109 | +49.8% |
| Financial income | 75/76B | €12,024 | €15,883 | +€3,859 | +32.1% |
| Recurring financial income | 75 | €12,024 | €15,883 | +€3,859 | +32.1% |
| Financial charges | 65/66B | €21,865 | €30,001 | +€8,137 | +37.2% |
| Recurring financial charges | 65 | €21,865 | €30,001 | +€8,137 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €175,079 | €262,910 | +€87,831 | +50.2% |
| Income taxes | 67/77 | €49,388 | €80,888 | +€31,500 | +63.8% |
| Profit (loss) for the period | 9904 | €125,691 | €182,022 | +€56,331 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,691 | €182,022 | +€56,331 | +44.8% |
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 23 October 2026 via checked.be.