FIETSEN VERHEYEN: 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 VERHEYEN
Largest movements
- Receivables within one year +€12,182
new in 2025: €12,182
- Tangible fixed assets -€6,828
down €6,828 (-5.1%), from €134,360 to €127,532
of which Land and buildings: -€6,693
- Profit (loss) carried forward +€13,705
up €13,705 (+27.7%), from -€49,445 to -€35,741
- Debts after one year -€9,107
down €9,107 (-14.8%), from €61,488 to €52,381
- Other debts -€7,650
down €7,650 (-8.6%), from €88,718 to €81,068
- Short-term financial debts +€7,150
up €7,150 (+299%), from €2,387 to €9,537
- Trade debts +€2,197
up €2,197 (+159%), from €1,378 to €3,575
- Gross operating margin +€9,563
up €9,563 (+55.4%), from €17,270 to €26,833
- Financial charges -€628
down €628 (-13.3%), from €4,740 to €4,112
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 | €135,945 | €141,333 | +€5,388 | +4.0% |
| Fixed assets | 21/28 | €134,535 | €127,707 | -€6,828 | -5.1% |
| Tangible fixed assets | 22/27 | €134,360 | €127,532 | -€6,828 | -5.1% |
| Land and buildings | 22 | €133,347 | €126,654 | -€6,693 | -5.0% |
| Plant, machinery and equipment | 23 | €1,013 | €878 | -€135 | -13.3% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €1,409 | €13,625 | +€12,216 | +867% |
| Amounts receivable within one year | 40/41 | - | €12,182 | +€12,182 | |
| Trade receivables | 40 | - | €12,182 | +€12,182 | |
| Cash at bank and in hand | 54/58 | €18 | €18 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,425 | +€34 | +2.5% |
| Total equity and liabilities | 10/49 | €135,945 | €141,333 | +€5,388 | +4.0% |
| Equity | 10/15 | -€29,495 | -€15,791 | +€13,705 | +46.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,350 | €1,350 | = | 0.0% |
| Distributable reserves | 133 | €1,350 | €1,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,445 | -€35,741 | +€13,705 | +27.7% |
| Amounts payable | 17/49 | €165,440 | €157,123 | -€8,317 | -5.0% |
| Amounts payable after more than one year | 17 | €61,488 | €52,381 | -€9,107 | -14.8% |
| Financial debts | 170/4 | €61,488 | €52,381 | -€9,107 | -14.8% |
| Amounts payable within one year | 42/48 | €103,952 | €104,742 | +€791 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €8,645 | €9,107 | +€463 | +5.4% |
| Financial debts | 43 | €2,387 | €9,537 | +€7,150 | +299% |
| Credit institutions | 430/8 | €2,387 | €9,537 | +€7,150 | +299% |
| Trade debts | 44 | €1,378 | €3,575 | +€2,197 | +159% |
| Suppliers | 440/4 | €1,378 | €3,575 | +€2,197 | +159% |
| Taxes, remuneration and social security | 45 | €2,824 | €1,456 | -€1,368 | -48.5% |
| Taxes | 450/3 | €2,824 | €1,456 | -€1,368 | -48.5% |
| Other amounts payable | 47/48 | €88,718 | €81,068 | -€7,650 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,828 | €6,828 | = | 0.0% |
| Other operating charges | 640/8 | €2,382 | €2,188 | -€194 | -8.1% |
| Gross operating margin | 9900 | €17,270 | €26,833 | +€9,563 | +55.4% |
| Operating profit (loss) | 9901 | €8,060 | €17,817 | +€9,757 | +121% |
| Financial charges | 65/66B | €4,740 | €4,112 | -€628 | -13.3% |
| Recurring financial charges | 65 | €4,740 | €4,112 | -€628 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €3,320 | €13,705 | +€10,385 | +313% |
| Profit (loss) for the period | 9904 | €3,320 | €13,705 | +€10,385 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €3,320 | €13,705 | +€10,385 | +313% |
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 28 October 2026 via checked.be.