BS BIKE: 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.
BS BIKE
Largest movements
- Receivables within one year +€106,703
up €106,703 (+98.5%), from €108,301 to €215,004
of which Other amounts receivable: +€109,183
- Stocks and contracts -€99,874
down €99,874 (-14.5%), from €689,300 to €589,426
- Tangible fixed assets +€57,661
up €57,661 (+15.1%), from €382,240 to €439,901
of which Furniture and vehicles: +€72,050
- Current investments +€27,000
new in 2025: €27,000
- Reserves +€137,592
up €137,592 (+13.4%), from €1.0m to €1.2m
of which Distributable reserves: +€74,442
- Trade debts -€51,509
down €51,509 (-52.7%), from €97,759 to €46,250
- Gross operating margin +€144,072
up €144,072 (+47.6%), from €302,875 to €446,946
- Taxes +€40,027
up €40,027 (+99.8%), from €40,099 to €80,126
- Staff costs +€20,041
up €20,041 (+26.4%), from €76,014 to €96,055
- Depreciation +€8,160
up €8,160 (+13.3%), from €61,148 to €69,308
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 | €1,526,091 | €1,629,749 | +€103,659 | +6.8% |
| Fixed assets | 21/28 | €382,270 | €439,931 | +€57,661 | +15.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €382,240 | €439,901 | +€57,661 | +15.1% |
| Land and buildings | 22 | €328,281 | €310,949 | -€17,332 | -5.3% |
| Plant, machinery and equipment | 23 | €4,545 | €7,488 | +€2,943 | +64.7% |
| Furniture and vehicles | 24 | €49,414 | €121,464 | +€72,050 | +146% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €1,143,821 | €1,189,818 | +€45,997 | +4.0% |
| Stocks and contracts in progress | 3 | €689,300 | €589,426 | -€99,874 | -14.5% |
| Stocks | 30/36 | €689,300 | €589,426 | -€99,874 | -14.5% |
| Amounts receivable within one year | 40/41 | €108,301 | €215,004 | +€106,703 | +98.5% |
| Trade receivables | 40 | €43,414 | €40,934 | -€2,480 | -5.7% |
| Other amounts receivable | 41 | €64,887 | €174,070 | +€109,183 | +168% |
| Current investments | 50/53 | - | €27,000 | +€27,000 | |
| Cash at bank and in hand | 54/58 | €331,465 | €347,011 | +€15,545 | +4.7% |
| Deferred charges and accrued income | 490/1 | €14,755 | €11,378 | -€3,377 | -22.9% |
| Total equity and liabilities | 10/49 | €1,526,091 | €1,629,749 | +€103,659 | +6.8% |
| Equity | 10/15 | €1,058,311 | €1,195,903 | +€137,592 | +13.0% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €1,023,425 | €1,161,018 | +€137,592 | +13.4% |
| Tax-exempt reserves | 132 | €286,280 | €349,430 | +€63,150 | +22.1% |
| Distributable reserves | 133 | €737,145 | €811,588 | +€74,442 | +10.1% |
| Profit (loss) carried forward | 14 | €1,886 | €1,886 | = | 0.0% |
| Amounts payable | 17/49 | €467,779 | €433,846 | -€33,933 | -7.3% |
| Amounts payable after more than one year | 17 | €232,724 | €245,697 | +€12,974 | +5.6% |
| Financial debts | 170/4 | €232,724 | €245,697 | +€12,974 | +5.6% |
| Amounts payable within one year | 42/48 | €235,056 | €188,149 | -€46,907 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €33,968 | €37,647 | +€3,680 | +10.8% |
| Trade debts | 44 | €97,759 | €46,250 | -€51,509 | -52.7% |
| Suppliers | 440/4 | €97,759 | €46,250 | -€51,509 | -52.7% |
| Advances received on contracts in progress | 46 | €8,283 | €2,314 | -€5,970 | -72.1% |
| Taxes, remuneration and social security | 45 | €50,481 | €48,458 | -€2,023 | -4.0% |
| Taxes | 450/3 | €38,386 | €40,086 | +€1,699 | +4.4% |
| Remuneration and social security | 454/9 | €12,095 | €8,372 | -€3,722 | -30.8% |
| Other amounts payable | 47/48 | €44,565 | €53,480 | +€8,915 | +20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76,014 | €96,055 | +€20,041 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,148 | €69,308 | +€8,160 | +13.3% |
| Other operating charges | 640/8 | €7,943 | €5,191 | -€2,752 | -34.6% |
| Gross operating margin | 9900 | €302,875 | €446,946 | +€144,072 | +47.6% |
| Operating profit (loss) | 9901 | €157,770 | €276,391 | +€118,622 | +75.2% |
| Financial income | 75/76B | €9,436 | €13,341 | +€3,905 | +41.4% |
| Recurring financial income | 75 | €9,436 | €13,341 | +€3,905 | +41.4% |
| Financial charges | 65/66B | €7,671 | €8,358 | +€687 | +9.0% |
| Recurring financial charges | 65 | €7,671 | €8,358 | +€687 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €159,535 | €281,374 | +€121,839 | +76.4% |
| Income taxes | 67/77 | €40,099 | €80,126 | +€40,027 | +99.8% |
| Profit (loss) for the period | 9904 | €119,436 | €201,248 | +€81,812 | +68.5% |
| Transfer to tax-exempt reserves | 689 | €75,780 | €63,150 | -€12,630 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,656 | €138,098 | +€94,442 | +216% |
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 26 October 2026 via checked.be.