FIETSEN WIM: 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 WIM
Largest movements
- Stocks and contracts +€32,615
up €32,615 (+6.4%), from €511,412 to €544,028
- Tangible fixed assets -€18,957
down €18,957 (-16.9%), from €111,859 to €92,902
of which Land and buildings: -€16,125
- Reserves +€16,596
up €16,596 (+5.2%), from €320,900 to €337,496
- Debts after one year -€16,016
down €16,016 (-20.5%), from €77,994 to €61,978
- Trade debts +€14,434
up €14,434 (+15.0%), from €96,519 to €110,953
- Tax, wage and social debts +€13,625
up €13,625 (+24.7%), from €55,122 to €68,747
of which Taxes: +€16,398
- Other debts -€9,189
down €9,189 (-4.7%), from €194,058 to €184,869
- Gross operating margin -€102,222
down €102,222 (-51.8%), from €197,183 to €94,961
- Taxes -€18,588
down €18,588 (-72.0%), from €25,827 to €7,239
- Staff costs -€17,070
down €17,070 (-41.2%), from €41,447 to €24,378
- Depreciation -€4,514
down €4,514 (-19.2%), from €23,471 to €18,957
- Financial charges +€3,959
up €3,959 (+21.2%), from €18,665 to €22,624
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 | €844,615 | €852,891 | +€8,276 | +1.0% |
| Fixed assets | 21/28 | €112,683 | €93,726 | -€18,957 | -16.8% |
| Tangible fixed assets | 22/27 | €111,859 | €92,902 | -€18,957 | -16.9% |
| Land and buildings | 22 | €106,239 | €90,114 | -€16,125 | -15.2% |
| Plant, machinery and equipment | 23 | €5,620 | €2,788 | -€2,832 | -50.4% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €731,932 | €759,166 | +€27,234 | +3.7% |
| Stocks and contracts in progress | 3 | €511,412 | €544,028 | +€32,615 | +6.4% |
| Stocks | 30/36 | €511,412 | €544,028 | +€32,615 | +6.4% |
| Amounts receivable within one year | 40/41 | €92,236 | €86,995 | -€5,241 | -5.7% |
| Trade receivables | 40 | €88,610 | €79,026 | -€9,584 | -10.8% |
| Other amounts receivable | 41 | €3,626 | €7,970 | +€4,343 | +120% |
| Cash at bank and in hand | 54/58 | €127,384 | €127,006 | -€378 | -0.3% |
| Deferred charges and accrued income | 490/1 | €900 | €1,137 | +€237 | +26.4% |
| Total equity and liabilities | 10/49 | €844,615 | €852,891 | +€8,276 | +1.0% |
| Equity | 10/15 | €341,288 | €357,884 | +€16,596 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €320,900 | €337,496 | +€16,596 | +5.2% |
| Distributable reserves | 133 | €320,900 | €337,496 | +€16,596 | +5.2% |
| Profit (loss) carried forward | 14 | €388 | €388 | = | 0.0% |
| Amounts payable | 17/49 | €503,327 | €495,007 | -€8,320 | -1.7% |
| Amounts payable after more than one year | 17 | €77,994 | €61,978 | -€16,016 | -20.5% |
| Financial debts | 170/4 | €77,994 | €61,978 | -€16,016 | -20.5% |
| Amounts payable within one year | 42/48 | €402,165 | €415,586 | +€13,421 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €15,442 | €16,016 | +€575 | +3.7% |
| Financial debts | 43 | €35,001 | €35,001 | = | 0.0% |
| Credit institutions | 430/8 | €35,001 | €35,001 | = | 0.0% |
| Trade debts | 44 | €96,519 | €110,953 | +€14,434 | +15.0% |
| Suppliers | 440/4 | €96,519 | €110,953 | +€14,434 | +15.0% |
| Advances received on contracts in progress | 46 | €6,024 | - | -€6,024 | |
| Taxes, remuneration and social security | 45 | €55,122 | €68,747 | +€13,625 | +24.7% |
| Taxes | 450/3 | €51,851 | €68,249 | +€16,398 | +31.6% |
| Remuneration and social security | 454/9 | €3,271 | €498 | -€2,773 | -84.8% |
| Other amounts payable | 47/48 | €194,058 | €184,869 | -€9,189 | -4.7% |
| Accrued charges and deferred income | 492/3 | €23,167 | €17,443 | -€5,724 | -24.7% |
| Remuneration, social security and pensions | 62 | €41,447 | €24,378 | -€17,070 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,471 | €18,957 | -€4,514 | -19.2% |
| Other operating charges | 640/8 | €3,402 | €3,570 | +€168 | +4.9% |
| Gross operating margin | 9900 | €197,183 | €94,961 | -€102,222 | -51.8% |
| Operating profit (loss) | 9901 | €128,862 | €48,055 | -€80,807 | -62.7% |
| Financial income | 75/76B | €4,239 | €3,404 | -€835 | -19.7% |
| Recurring financial income | 75 | €4,239 | €3,404 | -€835 | -19.7% |
| Financial charges | 65/66B | €18,665 | €22,624 | +€3,959 | +21.2% |
| Recurring financial charges | 65 | €18,665 | €22,624 | +€3,959 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €114,435 | €28,835 | -€85,601 | -74.8% |
| Income taxes | 67/77 | €25,827 | €7,239 | -€18,588 | -72.0% |
| Profit (loss) for the period | 9904 | €88,609 | €21,596 | -€67,013 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,609 | €21,596 | -€67,013 | -75.6% |
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 26 October 2026 via checked.be.