Be Cycling: 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.
Be Cycling
Largest movements
- Cash -€1.0m
down €1.0m (-96.3%), from €1.1m to €39,518
mainly Current investments (-€398,412) and Investment in fixed assets (net) (-€273,566)
- Current investments +€398,412
new in 2024: €398,412
- Receivables within one year +€268,519
up €268,519 (+29.5%), from €911,216 to €1.2m
of which Other amounts receivable: +€349,528
- Tangible fixed assets +€122,562
up €122,562 (+48.1%), from €254,646 to €377,208
of which Furniture and vehicles: +€143,083
- Intangible fixed assets -€80,033
down €80,033 (-34.6%), from €231,225 to €151,192
- Accrued charges and deferred income -€264,689
down €264,689 (-30.8%), from €858,497 to €593,808
- Debts within one year -€145,408
down €145,408 (-12.6%), from €1.2m to €1.0m
of which Trade debts: -€213,475
- Debts after one year +€113,222
up €113,222 (+2,048%), from €5,528 to €118,750
- Turnover +€43,093
up €43,093 (+1.3%), from €3.4m to €3.4m
- Financial income -€37,348
down €37,348 (-39.4%), from €94,690 to €57,342
of which Non-recurring financial income: -€37,513
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,702,411 | €2,427,889 | -€274,522 | -10.2% |
| Fixed assets | 21/28 | €485,871 | €528,400 | +€42,529 | +8.8% |
| Intangible fixed assets | 21 | €231,225 | €151,192 | -€80,033 | -34.6% |
| Tangible fixed assets | 22/27 | €254,646 | €377,208 | +€122,562 | +48.1% |
| Plant, machinery and equipment | 23 | €26,708 | €15,220 | -€11,488 | -43.0% |
| Furniture and vehicles | 24 | €106,869 | €249,952 | +€143,083 | +134% |
| Other tangible fixed assets | 26 | €121,069 | €112,036 | -€9,033 | -7.5% |
| Current assets | 29/58 | €2,216,540 | €1,899,489 | -€317,051 | -14.3% |
| Stocks and contracts in progress | 3 | €75,839 | €153,110 | +€77,271 | +102% |
| Stocks | 30/36 | €75,839 | €153,110 | +€77,271 | +102% |
| Amounts receivable within one year | 40/41 | €911,216 | €1,179,735 | +€268,519 | +29.5% |
| Trade receivables | 40 | €516,072 | €435,063 | -€81,009 | -15.7% |
| Other amounts receivable | 41 | €395,144 | €744,672 | +€349,528 | +88.5% |
| Current investments | 50/53 | - | €398,412 | +€398,412 | |
| Cash at bank and in hand | 54/58 | €1,064,583 | €39,518 | -€1.0m | -96.3% |
| Deferred charges and accrued income | 490/1 | €164,902 | €128,714 | -€36,188 | -21.9% |
| Total equity and liabilities | 10/49 | €2,702,411 | €2,427,889 | -€274,522 | -10.2% |
| Equity | 10/15 | €686,010 | €708,363 | +€22,353 | +3.3% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,010 | €458,363 | +€22,353 | +5.1% |
| Amounts payable | 17/49 | €2,016,401 | €1,719,526 | -€296,875 | -14.7% |
| Amounts payable after more than one year | 17 | €5,528 | €118,750 | +€113,222 | +2,048% |
| Financial debts | 170/4 | €5,528 | €118,750 | +€113,222 | +2,048% |
| Amounts payable within one year | 42/48 | €1,152,376 | €1,006,968 | -€145,408 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €45,958 | €49,580 | +€3,622 | +7.9% |
| Trade debts | 44 | €599,049 | €385,574 | -€213,475 | -35.6% |
| Suppliers | 440/4 | €599,049 | €385,574 | -€213,475 | -35.6% |
| Taxes, remuneration and social security | 45 | €467,865 | €496,169 | +€28,304 | +6.0% |
| Taxes | 450/3 | €62,904 | €57,249 | -€5,655 | -9.0% |
| Remuneration and social security | 454/9 | €404,961 | €438,920 | +€33,959 | +8.4% |
| Accrued charges and deferred income | 492/3 | €858,497 | €593,808 | -€264,689 | -30.8% |
| Turnover | 70 | €3,361,113 | €3,404,206 | +€43,093 | +1.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,639,005 | €2,667,880 | +€28,875 | +1.1% |
| Remuneration, social security and pensions | 62 | €538,241 | €542,454 | +€4,213 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,428 | €231,037 | -€5,391 | -2.3% |
| Other operating charges | 640/8 | €1,507 | €1,575 | +€68 | +4.5% |
| Gross operating margin | 9900 | €722,108 | €743,918 | +€21,810 | +3.0% |
| Operating profit (loss) | 9901 | -€54,068 | -€31,148 | +€22,920 | +42.4% |
| Financial income | 75/76B | €94,690 | €57,342 | -€37,348 | -39.4% |
| Recurring financial income | 75 | €50 | €215 | +€165 | +330% |
| Non-recurring financial income | 76B | €94,640 | €57,127 | -€37,513 | -39.6% |
| Financial charges | 65/66B | €31,523 | €3,841 | -€27,682 | -87.8% |
| Recurring financial charges | 65 | €2,115 | €3,683 | +€1,568 | +74.1% |
| Non-recurring financial charges | 66B | €29,408 | €158 | -€29,250 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €9,099 | €22,353 | +€13,254 | +146% |
| Profit (loss) for the period | 9904 | €9,099 | €22,353 | +€13,254 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €9,099 | €22,353 | +€13,254 | +146% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.