BICYCLIC GROUP: 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.
What changed
BICYCLIC GROUP
NACE 70.200, Business and other management consultancy
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€576,122
2023 · -€220,236-€355,886
Equity
€7.2m
2023 · €7.7m-€576,122
Cash
€0
2023 · €105,723-€105,723
Balance sheet total
€15.5m
2023 · €14.6m+€926,566
Largest movements
Assets
- Receivables within one year +€822,254
up €822,254 (+1028.7%), from €79,930 to €902,184
of which Trade receivables: +€815,450
- Receivables after one year +€500,000
new in 2024: €500,000
- Intangible fixed assets -€289,965
down €289,965 (-12.5%), from €2.3m to €2.0m
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+1549.4%), from €104,748 to €1.7m
- Profit (loss) carried forward -€576,122
down €576,122 (-243.6%), from -€236,481 to -€812,603
- Debts after one year -€323,879
down €323,879 (-7.3%), from €4.4m to €4.1m
- Current portion of long-term debt +€159,484
up €159,484 (+9.5%), from €1.7m to €1.8m
Income statement
- Services and other goods +€408,293
up €408,293 (+78.8%), from €517,947 to €926,240
- Financial charges -€82,052
down €82,052 (-32.1%), from €255,599 to €173,546
of which Financial charges: -€82,049
- Turnover -€25,216
down €25,216 (-3.0%), from €838,800 to €813,584
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.
Result 2023
-€220,236
Turnover
-€25,216
Other operating income
-€4,474
Services and other goods
-€408,293
Other operating charges
+€393
Financial income
-€349
Financial charges
+€82,052
Result 2024
-€576,122
Cash bridge derived
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.
From operations
-€38,526
Investment
€0
Financing
-€67,197
Cash 2023
€105,723
From operations (derived)
-€38,526
Net result for the year
-€576,122
Depreciation
+€289,965
Receivables after one year
-€500,000
Receivables within one year
-€822,254
Trade debts
+€64,449
Tax, wage and social debts
-€40,043
Other debts
+€1.6m
Accrued charges and deferred income
-€77,452
Financing
-€67,197
Debts after one year
-€323,879
Current portion of long-term debt
+€159,484
Short-term financial debts
+€97,198
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,621,217 | €15,547,783 | +€926,566 | +6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,433,561 | €14,143,596 | -€289,965 | -2.0% |
| Intangible fixed assets | 21 | €2,319,718 | €2,029,753 | -€289,965 | -12.5% |
| Financial fixed assets | 28 | €12,113,843 | €12,113,843 | = | 0.0% |
| Affiliated companies | 280/1 | €12,113,843 | €12,113,843 | = | 0.0% |
| Participating interests | 280 | €12,113,843 | €12,113,843 | = | 0.0% |
| Current assets | 29/58 | €187,656 | €1,404,187 | +€1.2m | +648.3% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Amounts receivable within one year | 40/41 | €79,930 | €902,184 | +€822,254 | +1028.7% |
| Trade receivables | 40 | - | €815,450 | +€815,450 | |
| Other amounts receivable | 41 | €79,930 | €86,734 | +€6,804 | +8.5% |
| Cash at bank and in hand | 54/58 | €105,723 | €0 | -€105,723 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,003 | €2,003 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,621,217 | €15,547,783 | +€926,566 | +6.3% |
| Equity | 10/15 | €7,738,369 | €7,162,247 | -€576,122 | -7.4% |
| Contributions | 10/11 | €7,974,850 | €7,974,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,481 | -€812,603 | -€576,122 | -243.6% |
| Amounts payable | 17/49 | €6,882,848 | €8,385,537 | +€1.5m | +21.8% |
| Amounts payable after more than one year | 17 | €4,441,276 | €4,117,397 | -€323,879 | -7.3% |
| Financial debts | 170/4 | €4,441,276 | €4,117,397 | -€323,879 | -7.3% |
| Subordinated loans | 170 | €1,250,000 | €1,250,000 | = | 0.0% |
| Credit institutions | 173 | €2,391,276 | €1,567,397 | -€823,879 | -34.5% |
| Other loans | 174 | €800,000 | €1,300,000 | +€500,000 | +62.5% |
| Amounts payable within one year | 42/48 | €2,349,853 | €4,253,872 | +€1.9m | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €1,675,283 | €1,834,767 | +€159,484 | +9.5% |
| Financial debts | 43 | €500,000 | €597,198 | +€97,198 | +19.4% |
| Credit institutions | 430/8 | €500,000 | €597,198 | +€97,198 | +19.4% |
| Trade debts | 44 | €29,779 | €94,228 | +€64,449 | +216.4% |
| Suppliers | 440/4 | €29,779 | €94,228 | +€64,449 | +216.4% |
| Taxes, remuneration and social security | 45 | €40,043 | - | -€40,043 | |
| Taxes | 450/3 | €40,043 | - | -€40,043 | |
| Other amounts payable | 47/48 | €104,748 | €1,727,679 | +€1.6m | +1549.4% |
| Accrued charges and deferred income | 492/3 | €91,719 | €14,267 | -€77,452 | -84.4% |
| Operating income | 70/76A | €843,355 | €813,666 | -€29,689 | -3.5% |
| Turnover | 70 | €838,800 | €813,584 | -€25,216 | -3.0% |
| Other operating income | 74 | €4,555 | €82 | -€4,474 | -98.2% |
| Operating charges | 60/66A | €808,342 | €1,216,242 | +€407,900 | +50.5% |
| Services and other goods | 61 | €517,947 | €926,240 | +€408,293 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,965 | €289,965 | = | 0.0% |
| Other operating charges | 640/8 | €430 | €37 | -€393 | -91.3% |
| Operating profit (loss) | 9901 | €35,013 | -€402,576 | -€437,589 | |
| Financial income | 75/76B | €349 | - | -€349 | |
| Recurring financial income | 75 | €349 | - | -€349 | |
| Other financial income | 752/9 | €349 | - | -€349 | |
| Financial charges | 65/66B | €255,599 | €173,546 | -€82,052 | -32.1% |
| Recurring financial charges | 65 | €255,595 | €173,546 | -€82,049 | -32.1% |
| Debt charges | 650 | €252,111 | €172,437 | -€79,675 | -31.6% |
| Other financial charges | 652/9 | €3,484 | €1,110 | -€2,374 | -68.1% |
| Non-recurring financial charges | 66B | €3 | - | -€3 | |
| Profit (loss) for the period before taxes | 9903 | -€220,236 | -€576,122 | -€355,886 | -161.6% |
| Profit (loss) for the period | 9904 | -€220,236 | -€576,122 | -€355,886 | -161.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,236 | -€576,122 | -€355,886 | -161.6% |
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 12 October 2026 via checked.be.