ACBikes: 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.
ACBikes
Largest movements
- Stocks and contracts -€513,992
down €513,992 (-34.5%), from €1.5m to €976,850
- Cash -€40,722
down €40,722 (-77.7%), from €52,406 to €11,685
mainly Net result for the year (-€638,095) and Short-term financial debts (-€175,000)
- Tangible fixed assets -€27,502
down €27,502 (-14.5%), from €189,735 to €162,233
of which Plant, machinery and equipment: -€16,113
- Deferred charges and accrued income -€23,799
down €23,799 (-64.6%), from €36,845 to €13,045
- Profit (loss) carried forward -€638,095
down €638,095 (-39.4%), from -€1.6m to -€2.3m
- Short-term financial debts -€175,000
down €175,000 (-50.0%), from €350,000 to €175,000
- Debts after one year +€122,500
up €122,500 (+9.8%), from €1.2m to €1.4m
- Other debts +€117,464
up €117,464 (+7.3%), from €1.6m to €1.7m
- Trade debts -€33,996
down €33,996 (-30.3%), from €112,027 to €78,031
- Gross operating margin +€150,526
up €150,526 (+51.9%), from -€290,238 to -€139,712
- Staff costs -€136,810
down €136,810 (-30.3%), from €451,058 to €314,248
- Write-downs -€104,862
down €104,862, from €97,175 to -€7,687
- Financial charges -€56,576
down €56,576 (-30.4%), from €186,048 to €129,472
- Depreciation -€20,489
down €20,489 (-40.0%), from €51,191 to €30,702
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 | €1,808,839 | €1,222,275 | -€586,564 | -32.4% |
| Fixed assets | 21/28 | €189,735 | €167,163 | -€22,572 | -11.9% |
| Intangible fixed assets | 21 | - | €4,930 | +€4,930 | |
| Tangible fixed assets | 22/27 | €189,735 | €162,233 | -€27,502 | -14.5% |
| Land and buildings | 22 | €99,451 | €86,489 | -€12,962 | -13.0% |
| Plant, machinery and equipment | 23 | €90,284 | €74,171 | -€16,113 | -17.8% |
| Furniture and vehicles | 24 | - | €1,573 | +€1,573 | |
| Current assets | 29/58 | €1,619,104 | €1,055,112 | -€563,992 | -34.8% |
| Stocks and contracts in progress | 3 | €1,490,842 | €976,850 | -€513,992 | -34.5% |
| Stocks | 30/36 | €1,490,842 | €976,850 | -€513,992 | -34.5% |
| Amounts receivable within one year | 40/41 | €39,011 | €53,532 | +€14,521 | +37.2% |
| Trade receivables | 40 | €34,461 | €52,047 | +€17,586 | +51.0% |
| Other amounts receivable | 41 | €4,549 | €1,485 | -€3,065 | -67.4% |
| Cash at bank and in hand | 54/58 | €52,406 | €11,685 | -€40,722 | -77.7% |
| Deferred charges and accrued income | 490/1 | €36,845 | €13,045 | -€23,799 | -64.6% |
| Total equity and liabilities | 10/49 | €1,808,839 | €1,222,275 | -€586,564 | -32.4% |
| Equity | 10/15 | -€1,601,326 | -€2,239,421 | -€638,095 | -39.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€1,621,326 | -€2,259,421 | -€638,095 | -39.4% |
| Amounts payable | 17/49 | €3,410,165 | €3,461,697 | +€51,532 | +1.5% |
| Amounts payable after more than one year | 17 | €1,247,500 | €1,370,000 | +€122,500 | +9.8% |
| Financial debts | 170/4 | €1,247,500 | €1,370,000 | +€122,500 | +9.8% |
| Amounts payable within one year | 42/48 | €2,162,665 | €2,091,697 | -€70,968 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €30,000 | +€22,500 | +300% |
| Financial debts | 43 | €350,000 | €175,000 | -€175,000 | -50.0% |
| Credit institutions | 430/8 | €350,000 | €175,000 | -€175,000 | -50.0% |
| Trade debts | 44 | €112,027 | €78,031 | -€33,996 | -30.3% |
| Suppliers | 440/4 | €112,027 | €78,031 | -€33,996 | -30.3% |
| Advances received on contracts in progress | 46 | €738 | €1,540 | +€802 | +109% |
| Taxes, remuneration and social security | 45 | €85,754 | €83,014 | -€2,739 | -3.2% |
| Taxes | 450/3 | €52,270 | €54,540 | +€2,269 | +4.3% |
| Remuneration and social security | 454/9 | €33,483 | €28,475 | -€5,009 | -15.0% |
| Other amounts payable | 47/48 | €1,606,647 | €1,724,111 | +€117,464 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | €5,542 | - | -€5,542 | |
| Remuneration, social security and pensions | 62 | €451,058 | €314,248 | -€136,810 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,191 | €30,702 | -€20,489 | -40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €97,175 | -€7,687 | -€104,862 | |
| Other operating charges | 640/8 | €10,071 | €8,118 | -€1,953 | -19.4% |
| Non-recurring operating charges | 66A | €235,484 | €22,706 | -€212,778 | -90.4% |
| Gross operating margin | 9900 | -€290,238 | -€139,712 | +€150,526 | +51.9% |
| Operating profit (loss) | 9901 | -€1,135,217 | -€507,800 | +€627,418 | +55.3% |
| Financial income | 75/76B | €518 | €385 | -€133 | -25.6% |
| Recurring financial income | 75 | €518 | €385 | -€133 | -25.6% |
| Financial charges | 65/66B | €186,048 | €129,472 | -€56,576 | -30.4% |
| Recurring financial charges | 65 | €186,048 | €129,472 | -€56,576 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,320,747 | -€636,886 | +€683,861 | +51.8% |
| Income taxes | 67/77 | €1,141 | €1,209 | +€68 | +6.0% |
| Profit (loss) for the period | 9904 | -€1,321,888 | -€638,095 | +€683,793 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,321,888 | -€638,095 | +€683,793 | +51.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.