Fietsen Vanheukelom: 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 Vanheukelom
Largest movements
- Stocks and contracts +€200,700
up €200,700 (+98.1%), from €204,510 to €405,210
- Cash +€91,032
up €91,032 (+21.0%), from €433,114 to €524,146
mainly Other debts (+€420,694) and Net result for the year (+€407,204)
- Tangible fixed assets +€19,081
up €19,081 (+4.6%), from €412,116 to €431,197
of which Furniture and vehicles: +€51,576
- Receivables within one year +€15,144
up €15,144 (+46.6%), from €32,503 to €47,647
of which Trade receivables: +€15,144
- Other debts +€420,694
up €420,694 (+4,184%), from €10,055 to €430,749
- Reserves -€92,796
down €92,796 (-11.1%), from €836,070 to €743,274
- Gross operating margin +€77,125
up €77,125 (+13.7%), from €562,134 to €639,259
- Depreciation +€31,611
up €31,611 (+46.1%), from €68,556 to €100,167
- Taxes +€15,689
up €15,689 (+13.6%), from €115,749 to €131,438
- Financial income +€6,969
up €6,969 (+1,144%), from €609 to €7,578
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 | €1,086,243 | €1,410,200 | +€323,957 | +29.8% |
| Fixed assets | 21/28 | €416,116 | €433,197 | +€17,081 | +4.1% |
| Intangible fixed assets | 21 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Tangible fixed assets | 22/27 | €412,116 | €431,197 | +€19,081 | +4.6% |
| Plant, machinery and equipment | 23 | €36,969 | €31,050 | -€5,919 | -16.0% |
| Furniture and vehicles | 24 | €183,912 | €235,489 | +€51,576 | +28.0% |
| Other tangible fixed assets | 26 | €191,235 | €164,659 | -€26,576 | -13.9% |
| Current assets | 29/58 | €670,127 | €977,003 | +€306,876 | +45.8% |
| Stocks and contracts in progress | 3 | €204,510 | €405,210 | +€200,700 | +98.1% |
| Stocks | 30/36 | €204,510 | €405,210 | +€200,700 | +98.1% |
| Amounts receivable within one year | 40/41 | €32,503 | €47,647 | +€15,144 | +46.6% |
| Trade receivables | 40 | €32,503 | €47,647 | +€15,144 | +46.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €433,114 | €524,146 | +€91,032 | +21.0% |
| Total equity and liabilities | 10/49 | €1,086,243 | €1,410,200 | +€323,957 | +29.8% |
| Equity | 10/15 | €866,070 | €773,274 | -€92,796 | -10.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €836,070 | €743,274 | -€92,796 | -11.1% |
| Distributable reserves | 133 | €836,070 | €743,274 | -€92,796 | -11.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €220,173 | €636,927 | +€416,753 | +189% |
| Amounts payable after more than one year | 17 | €106,743 | €100,000 | -€6,743 | -6.3% |
| Financial debts | 170/4 | €31,743 | €0 | -€31,743 | -100% |
| Other amounts payable | 178/9 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Amounts payable within one year | 42/48 | €113,430 | €536,927 | +€423,497 | +373% |
| Current portion of amounts payable after more than one year | 42 | €34,331 | €31,743 | -€2,588 | -7.5% |
| Trade debts | 44 | €39,882 | €43,205 | +€3,323 | +8.3% |
| Suppliers | 440/4 | €39,882 | €43,205 | +€3,323 | +8.3% |
| Taxes, remuneration and social security | 45 | €29,162 | €31,229 | +€2,067 | +7.1% |
| Taxes | 450/3 | €29,162 | €31,229 | +€2,067 | +7.1% |
| Other amounts payable | 47/48 | €10,055 | €430,749 | +€420,694 | +4,184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,556 | €100,167 | +€31,611 | +46.1% |
| Other operating charges | 640/8 | €5,886 | €5,624 | -€262 | -4.5% |
| Gross operating margin | 9900 | €562,134 | €639,259 | +€77,125 | +13.7% |
| Operating profit (loss) | 9901 | €487,693 | €533,469 | +€45,776 | +9.4% |
| Financial income | 75/76B | €609 | €7,578 | +€6,969 | +1,144% |
| Recurring financial income | 75 | €609 | €7,578 | +€6,969 | +1,144% |
| Financial charges | 65/66B | €2,871 | €2,405 | -€466 | -16.2% |
| Recurring financial charges | 65 | €2,871 | €2,405 | -€466 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €485,431 | €538,642 | +€53,210 | +11.0% |
| Income taxes | 67/77 | €115,749 | €131,438 | +€15,689 | +13.6% |
| Profit (loss) for the period | 9904 | €369,682 | €407,204 | +€37,522 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €369,682 | €407,204 | +€37,522 | +10.1% |
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 14 October 2026 via checked.be.