Fietsen Willems: 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 Willems
Largest movements
- Receivables within one year +€126,458
up €126,458 (+1,433%), from €8,826 to €135,284
of which Other amounts receivable: +€126,598
- Cash +€19,497
up €19,497 (+4,769%), from €409 to €19,906
mainly Tax, wage and social debts (+€124,072) and Net result for the year (+€36,443)
- Stocks and contracts +€7,666
up €7,666 (+1.9%), from €408,274 to €415,940
- Tax, wage and social debts +€124,072
up €124,072 (+4,660%), from €2,662 to €126,735
of which Taxes: +€124,072
- Reserves +€36,443
up €36,443 (+13.8%), from €263,488 to €299,931
of which Distributable reserves: +€36,443
- Short-term financial debts -€23,822
no longer reported in 2025 (was €23,822)
- Gross operating margin +€8,707
up €8,707 (+16.4%), from €53,244 to €61,952
- Taxes +€8,233
up €8,233 (+76.2%), from €10,798 to €19,031
- Depreciation -€5,359
down €5,359 (-49.1%), from €10,909 to €5,550
- Financial income +€1,453
up €1,453 (+162%), from €898 to €2,351
- Financial charges -€687
down €687 (-18.3%), from €3,753 to €3,067
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 | €439,354 | €590,077 | +€150,723 | +34.3% |
| Fixed assets | 21/28 | €21,809 | €18,947 | -€2,862 | -13.1% |
| Tangible fixed assets | 22/27 | €21,719 | €18,857 | -€2,862 | -13.2% |
| Land and buildings | 22 | €26 | €0 | -€26 | -100% |
| Plant, machinery and equipment | 23 | €20,968 | €18,857 | -€2,111 | -10.1% |
| Furniture and vehicles | 24 | €725 | €0 | -€725 | -100% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €417,545 | €571,130 | +€153,585 | +36.8% |
| Stocks and contracts in progress | 3 | €408,274 | €415,940 | +€7,666 | +1.9% |
| Stocks | 30/36 | €408,274 | €415,940 | +€7,666 | +1.9% |
| Amounts receivable within one year | 40/41 | €8,826 | €135,284 | +€126,458 | +1,433% |
| Trade receivables | 40 | €8,115 | €7,976 | -€140 | -1.7% |
| Other amounts receivable | 41 | €711 | €127,309 | +€126,598 | +17,806% |
| Cash at bank and in hand | 54/58 | €409 | €19,906 | +€19,497 | +4,769% |
| Deferred charges and accrued income | 490/1 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €439,354 | €590,077 | +€150,723 | +34.3% |
| Equity | 10/15 | €297,131 | €333,574 | +€36,443 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,488 | €299,931 | +€36,443 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €261,628 | €298,071 | +€36,443 | +13.9% |
| Profit (loss) carried forward | 14 | €27,443 | €27,443 | = | 0.0% |
| Amounts payable | 17/49 | €142,223 | €256,504 | +€114,280 | +80.4% |
| Amounts payable within one year | 42/48 | €142,223 | €256,504 | +€114,280 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €855 | €5,000 | +€4,145 | +485% |
| Financial debts | 43 | €23,822 | - | -€23,822 | |
| Credit institutions | 430/8 | €23,822 | - | -€23,822 | |
| Trade debts | 44 | €15,914 | €21,682 | +€5,768 | +36.2% |
| Suppliers | 440/4 | €15,914 | €21,682 | +€5,768 | +36.2% |
| Taxes, remuneration and social security | 45 | €2,662 | €126,735 | +€124,072 | +4,660% |
| Taxes | 450/3 | €662 | €124,735 | +€124,072 | +18,732% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €98,970 | €103,087 | +€4,117 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,909 | €5,550 | -€5,359 | -49.1% |
| Other operating charges | 640/8 | €212 | €212 | = | 0.0% |
| Gross operating margin | 9900 | €53,244 | €61,952 | +€8,707 | +16.4% |
| Operating profit (loss) | 9901 | €42,123 | €56,190 | +€14,067 | +33.4% |
| Financial income | 75/76B | €898 | €2,351 | +€1,453 | +162% |
| Recurring financial income | 75 | €898 | €2,351 | +€1,453 | +162% |
| Financial charges | 65/66B | €3,753 | €3,067 | -€687 | -18.3% |
| Recurring financial charges | 65 | €3,753 | €3,067 | -€687 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €39,268 | €55,474 | +€16,207 | +41.3% |
| Income taxes | 67/77 | €10,798 | €19,031 | +€8,233 | +76.2% |
| Profit (loss) for the period | 9904 | €28,470 | €36,443 | +€7,973 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,470 | €36,443 | +€7,973 | +28.0% |
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 26 October 2026 via checked.be.