FIETSENKINNE: 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.
FIETSENKINNE
Largest movements
- Receivables within one year +€4,338
up €4,338 (+21,690%), from €20 to €4,358
of which Trade receivables: +€4,338
- Tangible fixed assets -€2,790
down €2,790 (-17.7%), from €15,761 to €12,971
of which Plant, machinery and equipment: -€1,529
- Stocks and contracts +€1,227
up €1,227 (+2.9%), from €42,942 to €44,169
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€48,208
up €48,208 (+118%), from €41,011 to €89,219
- Tax, wage and social debts +€3,193
up €3,193 (+271%), from €1,180 to €4,373
- Trade debts +€2,999
up €2,999 (+81.8%), from €3,666 to €6,665
- Short-term financial debts -€2,769
down €2,769 (-21.9%), from €12,671 to €9,902
- Gross operating margin +€14,095
up €14,095, from -€4,834 to €9,261
- Depreciation +€559
up €559 (+20.6%), from €2,710 to €3,269
- Financial charges +€363
up €363 (+10.5%), from €3,451 to €3,814
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 | €59,316 | €62,598 | +€3,282 | +5.5% |
| Fixed assets | 21/28 | €15,806 | €13,016 | -€2,790 | -17.7% |
| Tangible fixed assets | 22/27 | €15,761 | €12,971 | -€2,790 | -17.7% |
| Land and buildings | 22 | €281 | €236 | -€45 | -16.0% |
| Plant, machinery and equipment | 23 | €10,714 | €9,185 | -€1,529 | -14.3% |
| Furniture and vehicles | 24 | €1,078 | €641 | -€437 | -40.5% |
| Other tangible fixed assets | 26 | €3,688 | €2,909 | -€779 | -21.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €43,510 | €49,582 | +€6,072 | +14.0% |
| Stocks and contracts in progress | 3 | €42,942 | €44,169 | +€1,227 | +2.9% |
| Stocks | 30/36 | €42,942 | €44,169 | +€1,227 | +2.9% |
| Amounts receivable within one year | 40/41 | €20 | €4,358 | +€4,338 | +21,690% |
| Trade receivables | 40 | - | €4,338 | +€4,338 | |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €548 | €1,055 | +€507 | +92.5% |
| Total equity and liabilities | 10/49 | €59,316 | €62,598 | +€3,282 | +5.5% |
| Equity | 10/15 | -€49,212 | -€47,561 | +€1,651 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,812 | -€66,161 | +€1,651 | +2.4% |
| Amounts payable | 17/49 | €108,528 | €110,159 | +€1,631 | +1.5% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €58,528 | €110,159 | +€51,631 | +88.2% |
| Financial debts | 43 | €12,671 | €9,902 | -€2,769 | -21.9% |
| Credit institutions | 430/8 | €12,671 | €9,902 | -€2,769 | -21.9% |
| Trade debts | 44 | €3,666 | €6,665 | +€2,999 | +81.8% |
| Suppliers | 440/4 | €3,666 | €6,665 | +€2,999 | +81.8% |
| Taxes, remuneration and social security | 45 | €1,180 | €4,373 | +€3,193 | +271% |
| Taxes | 450/3 | €1,180 | €4,373 | +€3,193 | +271% |
| Other amounts payable | 47/48 | €41,011 | €89,219 | +€48,208 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,710 | €3,269 | +€559 | +20.6% |
| Other operating charges | 640/8 | €831 | €784 | -€47 | -5.7% |
| Gross operating margin | 9900 | -€4,834 | €9,261 | +€14,095 | |
| Operating profit (loss) | 9901 | -€8,375 | €5,208 | +€13,583 | |
| Financial income | 75/76B | €238 | €257 | +€19 | +8.0% |
| Recurring financial income | 75 | €238 | €257 | +€19 | +8.0% |
| Financial charges | 65/66B | €3,451 | €3,814 | +€363 | +10.5% |
| Recurring financial charges | 65 | €3,451 | €3,814 | +€363 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,588 | €1,651 | +€13,239 | |
| Profit (loss) for the period | 9904 | -€11,588 | €1,651 | +€13,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,588 | €1,651 | +€13,239 |
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 16 October 2026 via checked.be.