Belgian Cycling Management: 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.
Belgian Cycling Management
Largest movements
- Receivables within one year +€77,549
up €77,549 (+11.8%), from €656,425 to €733,973
of which Trade receivables: +€68,725
- Reserves +€100,538
up €100,538 (+20.4%), from €493,680 to €594,218
of which Distributable reserves: +€100,538
- Tax, wage and social debts -€19,626
down €19,626 (-100%), from €19,626 to €0
of which Taxes: -€15,474
- Debts after one year -€15,932
down €15,932 (-74.9%), from €21,278 to €5,346
- Gross operating margin -€137,684
down €137,684 (-48.5%), from €283,788 to €146,103
- Taxes -€45,571
down €45,571 (-52.4%), from €86,976 to €41,405
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 | €662,864 | €735,810 | +€72,946 | +11.0% |
| Current assets | 29/58 | €662,864 | €735,810 | +€72,946 | +11.0% |
| Amounts receivable within one year | 40/41 | €656,425 | €733,973 | +€77,549 | +11.8% |
| Trade receivables | 40 | €656,111 | €724,836 | +€68,725 | +10.5% |
| Other amounts receivable | 41 | €314 | €9,137 | +€8,823 | +2,808% |
| Cash at bank and in hand | 54/58 | €5,849 | €1,836 | -€4,013 | -68.6% |
| Deferred charges and accrued income | 490/1 | €590 | €0 | -€590 | -100% |
| Total equity and liabilities | 10/49 | €662,864 | €735,810 | +€72,946 | +11.0% |
| Equity | 10/15 | €512,280 | €612,818 | +€100,538 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €493,680 | €594,218 | +€100,538 | +20.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €493,680 | €594,218 | +€100,538 | +20.4% |
| Amounts payable | 17/49 | €150,584 | €122,991 | -€27,592 | -18.3% |
| Amounts payable after more than one year | 17 | €21,278 | €5,346 | -€15,932 | -74.9% |
| Financial debts | 170/4 | €21,278 | €5,346 | -€15,932 | -74.9% |
| Amounts payable within one year | 42/48 | €126,306 | €114,516 | -€11,790 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €15,774 | €15,932 | +€158 | +1.0% |
| Financial debts | 43 | €25,364 | €29,336 | +€3,971 | +15.7% |
| Credit institutions | 430/8 | €25,364 | €29,336 | +€3,971 | +15.7% |
| Trade debts | 44 | €162 | €538 | +€376 | +231% |
| Suppliers | 440/4 | €162 | €538 | +€376 | +231% |
| Taxes, remuneration and social security | 45 | €19,626 | €0 | -€19,626 | -100% |
| Taxes | 450/3 | €15,474 | €0 | -€15,474 | -100% |
| Remuneration and social security | 454/9 | €4,152 | €0 | -€4,152 | -100% |
| Other amounts payable | 47/48 | €65,378 | €68,710 | +€3,331 | +5.1% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,130 | +€130 | +4.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €2,038 | €2,827 | +€789 | +38.7% |
| Gross operating margin | 9900 | €283,788 | €146,103 | -€137,684 | -48.5% |
| Operating profit (loss) | 9901 | €281,750 | €143,276 | -€138,474 | -49.1% |
| Financial charges | 65/66B | €2,773 | €1,333 | -€1,440 | -51.9% |
| Recurring financial charges | 65 | €2,773 | €1,333 | -€1,440 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €278,977 | €141,944 | -€137,033 | -49.1% |
| Income taxes | 67/77 | €86,976 | €41,405 | -€45,571 | -52.4% |
| Profit (loss) for the period | 9904 | €192,001 | €100,538 | -€91,462 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €192,001 | €100,538 | -€91,462 | -47.6% |
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 24 October 2026 via checked.be.