Bike43: 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.
Bike43
Largest movements
- Cash +€122,407
up €122,407 (+205%), from €59,711 to €182,118
mainly Depreciation (+€237,978) and Other debts (+€228,542)
- Tangible fixed assets +€104,556
up €104,556 (+1,933%), from €5,410 to €109,966
of which Plant, machinery and equipment: +€83,255
- Receivables within one year +€58,688
up €58,688 (+19.5%), from €301,727 to €360,415
of which Trade receivables: +€160,416
- Stocks and contracts +€46,578
up €46,578 (+3.7%), from €1.2m to €1.3m
- Intangible fixed assets -€29,099
down €29,099 (-9.5%), from €305,091 to €275,992
- Other debts +€228,542
up €228,542 (+336%), from €67,995 to €296,537
- Trade debts +€221,442
up €221,442 (+506%), from €43,795 to €265,237
- Debts after one year -€130,711
down €130,711 (-30.0%), from €435,878 to €305,167
- Investment grants -€95,969
down €95,969 (-43.6%), from €220,165 to €124,196
- Profit (loss) carried forward +€73,182
up €73,182 (+17.9%), from €409,718 to €482,900
- Gross operating margin -€157,744
down €157,744 (-26.1%), from €604,172 to €446,428
- Depreciation +€78,124
up €78,124 (+48.9%), from €159,854 to €237,978
- Taxes -€50,067
down €50,067, from €49,847 to -€220
- Staff costs -€31,628
down €31,628 (-17.6%), from €179,873 to €148,245
- Financial income +€26,213
up €26,213 (+36.3%), from €72,126 to €98,339
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 | €1,922,465 | €2,227,766 | +€305,301 | +15.9% |
| Fixed assets | 21/28 | €310,501 | €385,958 | +€75,457 | +24.3% |
| Intangible fixed assets | 21 | €305,091 | €275,992 | -€29,099 | -9.5% |
| Tangible fixed assets | 22/27 | €5,410 | €109,966 | +€104,556 | +1,933% |
| Plant, machinery and equipment | 23 | €2,508 | €85,763 | +€83,255 | +3,320% |
| Furniture and vehicles | 24 | €2,902 | €24,203 | +€21,301 | +734% |
| Current assets | 29/58 | €1,611,964 | €1,841,808 | +€229,844 | +14.3% |
| Stocks and contracts in progress | 3 | €1,247,350 | €1,293,928 | +€46,578 | +3.7% |
| Stocks | 30/36 | €1,247,350 | €1,293,928 | +€46,578 | +3.7% |
| Amounts receivable within one year | 40/41 | €301,727 | €360,415 | +€58,688 | +19.5% |
| Trade receivables | 40 | €199,999 | €360,415 | +€160,416 | +80.2% |
| Other amounts receivable | 41 | €101,728 | - | -€101,728 | |
| Cash at bank and in hand | 54/58 | €59,711 | €182,118 | +€122,407 | +205% |
| Deferred charges and accrued income | 490/1 | €3,176 | €5,347 | +€2,171 | +68.4% |
| Total equity and liabilities | 10/49 | €1,922,465 | €2,227,766 | +€305,301 | +15.9% |
| Equity | 10/15 | €1,130,133 | €1,107,346 | -€22,787 | -2.0% |
| Contributions | 10/11 | €500,250 | €500,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €409,718 | €482,900 | +€73,182 | +17.9% |
| Investment grants | 15 | €220,165 | €124,196 | -€95,969 | -43.6% |
| Amounts payable | 17/49 | €792,332 | €1,120,420 | +€328,088 | +41.4% |
| Amounts payable after more than one year | 17 | €435,878 | €305,167 | -€130,711 | -30.0% |
| Financial debts | 170/4 | €435,878 | €305,167 | -€130,711 | -30.0% |
| Amounts payable within one year | 42/48 | €351,535 | €815,253 | +€463,718 | +132% |
| Current portion of amounts payable after more than one year | 42 | €164,051 | €168,778 | +€4,727 | +2.9% |
| Trade debts | 44 | €43,795 | €265,237 | +€221,442 | +506% |
| Suppliers | 440/4 | €43,795 | €265,237 | +€221,442 | +506% |
| Taxes, remuneration and social security | 45 | €75,694 | €84,701 | +€9,007 | +11.9% |
| Taxes | 450/3 | €51,276 | €64,932 | +€13,656 | +26.6% |
| Remuneration and social security | 454/9 | €24,418 | €19,769 | -€4,649 | -19.0% |
| Other amounts payable | 47/48 | €67,995 | €296,537 | +€228,542 | +336% |
| Accrued charges and deferred income | 492/3 | €4,919 | - | -€4,919 | |
| Remuneration, social security and pensions | 62 | €179,873 | €148,245 | -€31,628 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,854 | €237,978 | +€78,124 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,003 | +€26,003 | |
| Other operating charges | 640/8 | €5,499 | €5,859 | +€360 | +6.5% |
| Gross operating margin | 9900 | €604,172 | €446,428 | -€157,744 | -26.1% |
| Operating profit (loss) | 9901 | €258,946 | €28,343 | -€230,603 | -89.1% |
| Financial income | 75/76B | €72,126 | €98,339 | +€26,213 | +36.3% |
| Recurring financial income | 75 | €72,126 | €98,339 | +€26,213 | +36.3% |
| Financial charges | 65/66B | €42,559 | €53,720 | +€11,161 | +26.2% |
| Recurring financial charges | 65 | €42,559 | €53,720 | +€11,161 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €288,513 | €72,962 | -€215,551 | -74.7% |
| Income taxes | 67/77 | €49,847 | -€220 | -€50,067 | |
| Profit (loss) for the period | 9904 | €238,666 | €73,182 | -€165,484 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €238,666 | €73,182 | -€165,484 | -69.3% |
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 23 October 2026 via checked.be.