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Get Fixed: what changed

Two fiscal 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.

What changed

Get Fixed

BE 0759.640.256
NACE 47.632, Retail sale of bicycles
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€131,980
2023 · €195,877-€63,897
Equity
€1.1m
2023 · €997,682+€131,980
Cash
€240,224
2023 · €225,944+€14,280
Balance sheet total
€2.8m
2023 · €2.2m+€585,014

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets +€367,774

    up €367,774 (+40.4%), from €909,817 to €1.3m

    of which Land and buildings: +€307,903

  • Stocks and contracts +€327,950

    up €327,950 (+40.5%), from €810,342 to €1.1m

  • Receivables within one year -€124,990

    down €124,990 (-54.3%), from €230,045 to €105,055

    of which Other amounts receivable: -€134,568

Equity and liabilities
  • Debts after one year +€341,430

    up €341,430 (+52.7%), from €648,248 to €989,678

  • Reserves +€131,980

    up €131,980 (+13.2%), from €996,682 to €1.1m

    of which Distributable reserves: +€131,980

  • Other debts +€81,868

    up €81,868 (+1126.7%), from €7,266 to €89,134

  • Tax, wage and social debts -€59,833

    down €59,833 (-28.4%), from €210,450 to €150,617

    of which Taxes: -€63,751

  • Trade debts +€51,247

    up €51,247 (+33.2%), from €154,338 to €205,585

Income statement
  • Staff costs +€44,503

    up €44,503 (+12.7%), from €350,232 to €394,735

  • Depreciation +€29,747

    up €29,747 (+82.4%), from €36,118 to €65,865

  • Financial charges +€26,504

    up €26,504 (+80.3%), from €32,993 to €59,497

  • Gross operating margin +€25,640

    up €25,640 (+3.9%), from €656,145 to €681,785

  • Taxes -€11,848

    down €11,848 (-22.1%), from €53,584 to €41,736

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €195,877
Gross operating margin +€25,640
Staff costs -€44,503
Depreciation -€29,747
Other operating charges -€1,211
Financial income +€580
Financial charges -€26,504
Taxes +€11,848
Result 2024 €131,980

Cash bridge derived

cash 2023 to 2024

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.

From operations +€69,010
Investment -€433,639
Financing +€378,909
Cash 2023 €225,944
Net result for the year +€131,980
Depreciation +€65,865
Stocks and contracts -€327,950
Receivables within one year +€124,990
Trade debts +€51,247
Tax, wage and social debts -€59,833
Other debts +€81,868
Accrued charges and deferred income +€843
Investment in fixed assets (net) -€433,639
Debts after one year +€341,430
Current portion of long-term debt +€37,479
Cash 2024 €240,224
Every line side by side 47 lines
Line Code 2023 2024 Change %
Total assets 20/58 €2,176,148 €2,761,162 +€585,014 +26.9%
Fixed assets 21/28 €909,817 €1,277,591 +€367,774 +40.4%
Tangible fixed assets 22/27 €909,817 €1,277,591 +€367,774 +40.4%
Land and buildings 22 €857,443 €1,165,346 +€307,903 +35.9%
Furniture and vehicles 24 - €72,194 +€72,194
Leasing and similar rights 25 €52,374 €40,051 -€12,323 -23.5%
Current assets 29/58 €1,266,331 €1,483,571 +€217,240 +17.2%
Stocks and contracts in progress 3 €810,342 €1,138,292 +€327,950 +40.5%
Stocks 30/36 €810,342 €1,138,292 +€327,950 +40.5%
Amounts receivable within one year 40/41 €230,045 €105,055 -€124,990 -54.3%
Trade receivables 40 €92,960 €102,538 +€9,578 +10.3%
Other amounts receivable 41 €137,085 €2,517 -€134,568 -98.2%
Cash at bank and in hand 54/58 €225,944 €240,224 +€14,280 +6.3%
Total equity and liabilities 10/49 €2,176,148 €2,761,162 +€585,014 +26.9%
Equity 10/15 €997,682 €1,129,662 +€131,980 +13.2%
Contributions 10/11 €1,000 €1,000 = 0.0%
Reserves 13 €996,682 €1,128,662 +€131,980 +13.2%
Non-distributable reserves 130/1 €100 €100 = 0.0%
Reserves not available under the articles 1311 €100 €100 = 0.0%
Distributable reserves 133 €996,582 €1,128,562 +€131,980 +13.2%
Amounts payable 17/49 €1,178,466 €1,631,500 +€453,034 +38.4%
Amounts payable after more than one year 17 €648,248 €989,678 +€341,430 +52.7%
Financial debts 170/4 €648,248 €989,678 +€341,430 +52.7%
Amounts payable within one year 42/48 €529,526 €640,287 +€110,761 +20.9%
Current portion of amounts payable after more than one year 42 €32,472 €69,951 +€37,479 +115.4%
Financial debts 43 €125,000 €125,000 = 0.0%
Credit institutions 430/8 €125,000 €125,000 = 0.0%
Trade debts 44 €154,338 €205,585 +€51,247 +33.2%
Suppliers 440/4 €154,338 €205,585 +€51,247 +33.2%
Taxes, remuneration and social security 45 €210,450 €150,617 -€59,833 -28.4%
Taxes 450/3 €188,254 €124,503 -€63,751 -33.9%
Remuneration and social security 454/9 €22,196 €26,114 +€3,918 +17.7%
Other amounts payable 47/48 €7,266 €89,134 +€81,868 +1126.7%
Accrued charges and deferred income 492/3 €692 €1,535 +€843 +121.8%
Remuneration, social security and pensions 62 €350,232 €394,735 +€44,503 +12.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €36,118 €65,865 +€29,747 +82.4%
Other operating charges 640/8 €2,109 €3,320 +€1,211 +57.4%
Gross operating margin 9900 €656,145 €681,785 +€25,640 +3.9%
Operating profit (loss) 9901 €267,686 €217,865 -€49,821 -18.6%
Financial income 75/76B €14,768 €15,348 +€580 +3.9%
Recurring financial income 75 €14,768 €15,348 +€580 +3.9%
Financial charges 65/66B €32,993 €59,497 +€26,504 +80.3%
Recurring financial charges 65 €32,993 €59,497 +€26,504 +80.3%
Profit (loss) for the period before taxes 9903 €249,461 €173,716 -€75,745 -30.4%
Income taxes 67/77 €53,584 €41,736 -€11,848 -22.1%
Profit (loss) for the period 9904 €195,877 €131,980 -€63,897 -32.6%
Profit (loss) for the period to be appropriated 9905 €195,877 €131,980 -€63,897 -32.6%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.