BOLBIKES: what changed
Two fiscal 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.
BOLBIKES
Largest movements
- Receivables within one year +€70,399
up €70,399 (+272.1%), from €25,870 to €96,269
of which Trade receivables: +€69,014
- Stocks and contracts +€43,437
up €43,437 (+8.1%), from €534,819 to €578,256
- Debts after one year +€48,213
up €48,213 (+14.9%), from €323,132 to €371,346
of which Other amounts payable: +€51,260
- Reserves +€40,792
up €40,792 (+33.1%), from €123,316 to €164,108
- Other debts +€35,004
up €35,004 (+181.6%), from €19,276 to €54,280
- Trade debts -€16,424
down €16,424 (-32.3%), from €50,846 to €34,422
- Gross operating margin -€24,772
down €24,772 (-18.3%), from €135,306 to €110,534
- Taxes -€6,422
down €6,422 (-27.3%), from €23,543 to €17,122
- Financial income -€2,067
down €2,067 (-75.8%), from €2,727 to €661
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 | €594,075 | €704,466 | +€110,390 | +18.6% |
| Fixed assets | 21/28 | €20,720 | €14,775 | -€5,946 | -28.7% |
| Tangible fixed assets | 22/27 | €20,720 | €14,775 | -€5,946 | -28.7% |
| Furniture and vehicles | 24 | €20,720 | €14,775 | -€5,946 | -28.7% |
| Current assets | 29/58 | €573,355 | €689,691 | +€116,336 | +20.3% |
| Stocks and contracts in progress | 3 | €534,819 | €578,256 | +€43,437 | +8.1% |
| Stocks | 30/36 | €534,819 | €578,256 | +€43,437 | +8.1% |
| Amounts receivable within one year | 40/41 | €25,870 | €96,269 | +€70,399 | +272.1% |
| Trade receivables | 40 | €25,870 | €94,883 | +€69,014 | +266.8% |
| Other amounts receivable | 41 | - | €1,385 | +€1,385 | |
| Cash at bank and in hand | 54/58 | €10,765 | €15,167 | +€4,402 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,901 | €0 | -€1,901 | -100.0% |
| Total equity and liabilities | 10/49 | €594,075 | €704,466 | +€110,390 | +18.6% |
| Equity | 10/15 | €126,316 | €167,108 | +€40,792 | +32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €123,316 | €164,108 | +€40,792 | +33.1% |
| Distributable reserves | 133 | €123,316 | €164,108 | +€40,792 | +33.1% |
| Amounts payable | 17/49 | €467,759 | €537,357 | +€69,598 | +14.9% |
| Amounts payable after more than one year | 17 | €323,132 | €371,346 | +€48,213 | +14.9% |
| Financial debts | 170/4 | €8,132 | €5,086 | -€3,046 | -37.5% |
| Other amounts payable | 178/9 | €315,000 | €366,260 | +€51,260 | +16.3% |
| Amounts payable within one year | 42/48 | €144,627 | €166,012 | +€21,385 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €2,924 | €3,046 | +€122 | +4.2% |
| Financial debts | 43 | €15 | €0 | -€15 | -100.0% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100.0% |
| Trade debts | 44 | €50,846 | €34,422 | -€16,424 | -32.3% |
| Suppliers | 440/4 | €50,846 | €34,422 | -€16,424 | -32.3% |
| Taxes, remuneration and social security | 45 | €71,566 | €74,264 | +€2,698 | +3.8% |
| Taxes | 450/3 | €66,235 | €69,278 | +€3,042 | +4.6% |
| Remuneration and social security | 454/9 | €5,331 | €4,986 | -€345 | -6.5% |
| Other amounts payable | 47/48 | €19,276 | €54,280 | +€35,004 | +181.6% |
| Remuneration, social security and pensions | 62 | €44,557 | €44,106 | -€450 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €5,946 | = | 0.0% |
| Other operating charges | 640/8 | €1,324 | €704 | -€620 | -46.8% |
| Gross operating margin | 9900 | €135,306 | €110,534 | -€24,772 | -18.3% |
| Operating profit (loss) | 9901 | €83,479 | €59,778 | -€23,702 | -28.4% |
| Financial income | 75/76B | €2,727 | €661 | -€2,067 | -75.8% |
| Recurring financial income | 75 | €2,727 | €661 | -€2,067 | -75.8% |
| Financial charges | 65/66B | €1,680 | €2,524 | +€845 | +50.3% |
| Recurring financial charges | 65 | €1,680 | €2,524 | +€845 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €84,527 | €57,914 | -€26,613 | -31.5% |
| Income taxes | 67/77 | €23,543 | €17,122 | -€6,422 | -27.3% |
| Profit (loss) for the period | 9904 | €60,984 | €40,792 | -€20,191 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,984 | €40,792 | -€20,191 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.