FIETSEN VANMARCKE: 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 VANMARCKE
Largest movements
- Cash +€56,990
up €56,990 (+64.6%), from €88,197 to €145,187
mainly Trade debts (+€34,218) and Stocks and contracts (+€19,395)
- Stocks and contracts -€19,395
down €19,395 (-11.4%), from €169,778 to €150,382
- Tangible fixed assets -€7,354
down €7,354 (-14.9%), from €49,220 to €41,866
of which Furniture and vehicles: -€5,199
- Trade debts +€34,218
up €34,218 (+839%), from €4,079 to €38,297
- Reserves +€9,939
up €9,939 (+6.5%), from €152,856 to €162,794
of which Distributable reserves: +€9,939
- Debts after one year -€7,129
down €7,129 (-58.0%), from €12,285 to €5,156
- Other debts -€3,954
down €3,954 (-43.4%), from €9,103 to €5,149
- Write-downs +€9,076
up €9,076 (+90.0%), from -€10,090 to -€1,014
- Gross operating margin -€8,851
down €8,851 (-9.7%), from €91,040 to €82,189
- Taxes -€4,386
down €4,386 (-50.2%), from €8,731 to €4,344
- Depreciation +€2,961
up €2,961 (+41.0%), from €7,218 to €10,179
- Financial income +€2,890
up €2,890 (+1,037%), from €279 to €3,169
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,294 | €348,484 | +€32,190 | +10.2% |
| Fixed assets | 21/28 | €49,948 | €42,269 | -€7,679 | -15.4% |
| Intangible fixed assets | 21 | €519 | €194 | -€325 | -62.6% |
| Tangible fixed assets | 22/27 | €49,220 | €41,866 | -€7,354 | -14.9% |
| Land and buildings | 22 | €38,187 | €35,482 | -€2,704 | -7.1% |
| Plant, machinery and equipment | 23 | €1,366 | €1,915 | +€550 | +40.2% |
| Furniture and vehicles | 24 | €9,668 | €4,469 | -€5,199 | -53.8% |
| Financial fixed assets | 28 | €208 | €208 | = | 0.0% |
| Current assets | 29/58 | €266,347 | €306,215 | +€39,869 | +15.0% |
| Stocks and contracts in progress | 3 | €169,778 | €150,382 | -€19,395 | -11.4% |
| Stocks | 30/36 | €169,778 | €150,382 | -€19,395 | -11.4% |
| Amounts receivable within one year | 40/41 | €5,183 | €7,392 | +€2,208 | +42.6% |
| Trade receivables | 40 | €5,183 | €6,736 | +€1,553 | +30.0% |
| Other amounts receivable | 41 | €0 | €656 | +€656 | |
| Current investments | 50/53 | €1 | €0 | -€1 | -100% |
| Cash at bank and in hand | 54/58 | €88,197 | €145,187 | +€56,990 | +64.6% |
| Deferred charges and accrued income | 490/1 | €3,188 | €3,255 | +€67 | +2.1% |
| Total equity and liabilities | 10/49 | €316,294 | €348,484 | +€32,190 | +10.2% |
| Equity | 10/15 | €261,286 | €271,225 | +€9,939 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,856 | €162,794 | +€9,939 | +6.5% |
| Tax-exempt reserves | 132 | €9,997 | €9,997 | = | 0.0% |
| Distributable reserves | 133 | €142,858 | €152,797 | +€9,939 | +7.0% |
| Profit (loss) carried forward | 14 | €89,831 | €89,831 | = | 0.0% |
| Amounts payable | 17/49 | €55,008 | €77,259 | +€22,251 | +40.5% |
| Amounts payable after more than one year | 17 | €12,285 | €5,156 | -€7,129 | -58.0% |
| Financial debts | 170/4 | €12,285 | €5,156 | -€7,129 | -58.0% |
| Amounts payable within one year | 42/48 | €42,423 | €71,803 | +€29,380 | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €7,802 | €7,129 | -€673 | -8.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,079 | €38,297 | +€34,218 | +839% |
| Suppliers | 440/4 | €4,079 | €38,297 | +€34,218 | +839% |
| Taxes, remuneration and social security | 45 | €21,439 | €21,229 | -€210 | -1.0% |
| Taxes | 450/3 | €11,576 | €7,135 | -€4,441 | -38.4% |
| Remuneration and social security | 454/9 | €9,863 | €14,094 | +€4,231 | +42.9% |
| Other amounts payable | 47/48 | €9,103 | €5,149 | -€3,954 | -43.4% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,749 | €55,665 | -€84 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,218 | €10,179 | +€2,961 | +41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,090 | -€1,014 | +€9,076 | +90.0% |
| Other operating charges | 640/8 | €2,624 | €2,802 | +€177 | +6.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,040 | €82,189 | -€8,851 | -9.7% |
| Operating profit (loss) | 9901 | €35,539 | €14,557 | -€20,982 | -59.0% |
| Financial income | 75/76B | €279 | €3,169 | +€2,890 | +1,037% |
| Recurring financial income | 75 | €279 | €3,169 | +€2,890 | +1,037% |
| Financial charges | 65/66B | €5,545 | €3,443 | -€2,101 | -37.9% |
| Recurring financial charges | 65 | €5,545 | €3,443 | -€2,101 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €30,273 | €14,283 | -€15,990 | -52.8% |
| Income taxes | 67/77 | €8,731 | €4,344 | -€4,386 | -50.2% |
| Profit (loss) for the period | 9904 | €21,543 | €9,939 | -€11,604 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,543 | €9,939 | -€11,604 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.