4Bikes Westerlo: 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.
4Bikes Westerlo
Largest movements
- Stocks and contracts -€84,954
down €84,954 (-8.3%), from €1.0m to €936,046
- Cash +€29,494
up €29,494 (+42.6%), from €69,270 to €98,764
mainly Net result for the year (+€106,964) and Stocks and contracts (+€84,954)
- Receivables within one year +€23,011
up €23,011 (+18.0%), from €127,766 to €150,777
of which Other amounts receivable: +€33,432
- Intangible fixed assets -€18,200
down €18,200 (-31.6%), from €57,633 to €39,433
- Current investments +€16,000
up €16,000 (+60.3%), from €26,518 to €42,518
- Other debts -€120,118
down €120,118 (-98.7%), from €121,661 to €1,543
- Reserves +€106,964
up €106,964 (+20.5%), from €520,565 to €627,529
- Debts after one year -€82,742
down €82,742 (-33.9%), from €244,016 to €161,274
- Short-term financial debts +€40,039
up €40,039 (+22.9%), from €175,000 to €215,039
- Trade debts +€35,809
up €35,809 (+70.7%), from €50,629 to €86,438
- Gross operating margin -€50,653
down €50,653 (-9.6%), from €528,135 to €477,482
- Staff costs -€12,896
down €12,896 (-4.5%), from €284,728 to €271,832
- Taxes -€9,642
down €9,642 (-22.0%), from €43,740 to €34,098
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 | €1,419,130 | €1,381,290 | -€37,839 | -2.7% |
| Fixed assets | 21/28 | €152,269 | €140,000 | -€12,269 | -8.1% |
| Intangible fixed assets | 21 | €57,633 | €39,433 | -€18,200 | -31.6% |
| Tangible fixed assets | 22/27 | €94,635 | €100,566 | +€5,931 | +6.3% |
| Land and buildings | 22 | €38,382 | €49,702 | +€11,320 | +29.5% |
| Plant, machinery and equipment | 23 | €39,118 | €36,693 | -€2,425 | -6.2% |
| Furniture and vehicles | 24 | €17,136 | €14,172 | -€2,964 | -17.3% |
| Current assets | 29/58 | €1,266,861 | €1,241,291 | -€25,570 | -2.0% |
| Stocks and contracts in progress | 3 | €1,021,000 | €936,046 | -€84,954 | -8.3% |
| Stocks | 30/36 | €1,021,000 | €936,046 | -€84,954 | -8.3% |
| Amounts receivable within one year | 40/41 | €127,766 | €150,777 | +€23,011 | +18.0% |
| Trade receivables | 40 | €34,608 | €24,187 | -€10,421 | -30.1% |
| Other amounts receivable | 41 | €93,159 | €126,590 | +€33,432 | +35.9% |
| Current investments | 50/53 | €26,518 | €42,518 | +€16,000 | +60.3% |
| Cash at bank and in hand | 54/58 | €69,270 | €98,764 | +€29,494 | +42.6% |
| Deferred charges and accrued income | 490/1 | €22,308 | €13,187 | -€9,121 | -40.9% |
| Total equity and liabilities | 10/49 | €1,419,130 | €1,381,290 | -€37,839 | -2.7% |
| Equity | 10/15 | €670,565 | €777,529 | +€106,964 | +16.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €520,565 | €627,529 | +€106,964 | +20.5% |
| Distributable reserves | 133 | €520,565 | €627,529 | +€106,964 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €748,564 | €603,761 | -€144,803 | -19.3% |
| Amounts payable after more than one year | 17 | €244,016 | €161,274 | -€82,742 | -33.9% |
| Financial debts | 170/4 | €244,016 | €161,274 | -€82,742 | -33.9% |
| Amounts payable within one year | 42/48 | €504,548 | €442,487 | -€62,061 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €89,117 | €82,742 | -€6,374 | -7.2% |
| Financial debts | 43 | €175,000 | €215,039 | +€40,039 | +22.9% |
| Credit institutions | 430/8 | €175,000 | €215,039 | +€40,039 | +22.9% |
| Trade debts | 44 | €50,629 | €86,438 | +€35,809 | +70.7% |
| Suppliers | 440/4 | €50,629 | €86,438 | +€35,809 | +70.7% |
| Taxes, remuneration and social security | 45 | €68,141 | €56,724 | -€11,417 | -16.8% |
| Taxes | 450/3 | €30,400 | €19,347 | -€11,052 | -36.4% |
| Remuneration and social security | 454/9 | €37,741 | €37,377 | -€364 | -1.0% |
| Other amounts payable | 47/48 | €121,661 | €1,543 | -€120,118 | -98.7% |
| Remuneration, social security and pensions | 62 | €284,728 | €271,832 | -€12,896 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,814 | €49,465 | +€2,651 | +5.7% |
| Other operating charges | 640/8 | €2,503 | €2,936 | +€434 | +17.3% |
| Gross operating margin | 9900 | €528,135 | €477,482 | -€50,653 | -9.6% |
| Operating profit (loss) | 9901 | €194,090 | €153,248 | -€40,842 | -21.0% |
| Financial income | 75/76B | €14,001 | €14,468 | +€467 | +3.3% |
| Recurring financial income | 75 | €14,001 | €14,468 | +€467 | +3.3% |
| Financial charges | 65/66B | €22,489 | €26,654 | +€4,165 | +18.5% |
| Recurring financial charges | 65 | €22,489 | €26,654 | +€4,165 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €185,602 | €141,062 | -€44,540 | -24.0% |
| Income taxes | 67/77 | €43,740 | €34,098 | -€9,642 | -22.0% |
| Profit (loss) for the period | 9904 | €141,862 | €106,964 | -€34,898 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,862 | €106,964 | -€34,898 | -24.6% |
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.