BAILLY BIKES: 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.
BAILLY BIKES
Largest movements
- Stocks and contracts +€16,378
up €16,378 (+13.4%), from €122,056 to €138,434
- Receivables within one year -€7,785
down €7,785 (-54.8%), from €14,217 to €6,431
of which Trade receivables: -€9,466
- Cash -€7,517
down €7,517 (-15.9%), from €47,151 to €39,634
mainly Stocks and contracts (-€16,378) and Other debts (-€9,742)
- Other debts -€9,742
down €9,742 (-15.7%), from €62,242 to €52,500
- Tax, wage and social debts +€9,177
up €9,177 (+124.3%), from €7,383 to €16,560
of which Remuneration and social security: +€6,885
- Trade debts +€6,374
up €6,374 (+21.1%), from €30,222 to €36,596
- Current portion of long-term debt -€5,100
no longer reported in 2025 (was €5,100)
- Staff costs +€23,660
up €23,660 (+79.0%), from €29,950 to €53,610
- Gross operating margin +€8,506
up €8,506 (+14.2%), from €59,946 to €68,452
- Taxes -€2,734
down €2,734 (-67.5%), from €4,053 to €1,319
- Depreciation -€2,401
down €2,401 (-38.7%), from €6,210 to €3,809
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.
Cash bridge derived
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 | €193,432 | €192,928 | -€505 | -0.3% |
| Formation expenses | 20 | €447 | €158 | -€289 | -64.6% |
| Fixed assets | 21/28 | €9,086 | €8,173 | -€912 | -10.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €9,086 | €8,173 | -€912 | -10.0% |
| Plant, machinery and equipment | 23 | €2,171 | €1,042 | -€1,129 | -52.0% |
| Furniture and vehicles | 24 | €4,835 | €5,356 | +€521 | +10.8% |
| Other tangible fixed assets | 26 | €2,079 | €1,775 | -€305 | -14.7% |
| Current assets | 29/58 | €183,899 | €184,596 | +€697 | +0.4% |
| Stocks and contracts in progress | 3 | €122,056 | €138,434 | +€16,378 | +13.4% |
| Stocks | 30/36 | €122,056 | €138,434 | +€16,378 | +13.4% |
| Amounts receivable within one year | 40/41 | €14,217 | €6,431 | -€7,785 | -54.8% |
| Trade receivables | 40 | €14,217 | €4,751 | -€9,466 | -66.6% |
| Other amounts receivable | 41 | - | €1,681 | +€1,681 | |
| Cash at bank and in hand | 54/58 | €47,151 | €39,634 | -€7,517 | -15.9% |
| Deferred charges and accrued income | 490/1 | €476 | €97 | -€379 | -79.7% |
| Total equity and liabilities | 10/49 | €193,432 | €192,928 | -€505 | -0.3% |
| Equity | 10/15 | €85,144 | €85,780 | +€636 | +0.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,510 | €25,780 | +€1,270 | +5.2% |
| Investment grants | 15 | €634 | €0 | -€634 | -100.0% |
| Amounts payable | 17/49 | €108,288 | €107,148 | -€1,141 | -1.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €107,919 | €106,776 | -€1,143 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,100 | - | -€5,100 | |
| Trade debts | 44 | €30,222 | €36,596 | +€6,374 | +21.1% |
| Suppliers | 440/4 | €30,222 | €36,596 | +€6,374 | +21.1% |
| Advances received on contracts in progress | 46 | €2,973 | €1,120 | -€1,853 | -62.3% |
| Taxes, remuneration and social security | 45 | €7,383 | €16,560 | +€9,177 | +124.3% |
| Taxes | 450/3 | €7,383 | €9,676 | +€2,293 | +31.1% |
| Remuneration and social security | 454/9 | - | €6,885 | +€6,885 | |
| Other amounts payable | 47/48 | €62,242 | €52,500 | -€9,742 | -15.7% |
| Accrued charges and deferred income | 492/3 | €369 | €371 | +€2 | +0.6% |
| Non-recurring operating income | 76A | - | €489 | +€489 | |
| Remuneration, social security and pensions | 62 | €29,950 | €53,610 | +€23,660 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,210 | €3,809 | -€2,401 | -38.7% |
| Other operating charges | 640/8 | €438 | €869 | +€431 | +98.2% |
| Gross operating margin | 9900 | €59,946 | €68,452 | +€8,506 | +14.2% |
| Operating profit (loss) | 9901 | €23,348 | €10,164 | -€13,184 | -56.5% |
| Financial income | 75/76B | €1,198 | €680 | -€518 | -43.3% |
| Recurring financial income | 75 | €1,198 | €680 | -€518 | -43.3% |
| Financial charges | 65/66B | €8,242 | €8,255 | +€13 | +0.2% |
| Recurring financial charges | 65 | €8,242 | €8,255 | +€13 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €16,304 | €2,589 | -€13,715 | -84.1% |
| Income taxes | 67/77 | €4,053 | €1,319 | -€2,734 | -67.5% |
| Profit (loss) for the period | 9904 | €12,251 | €1,270 | -€10,981 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,251 | €1,270 | -€10,981 | -89.6% |
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 12 October 2026 via checked.be.