CYCLESPORT: 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.
CYCLESPORT
Largest movements
- Tangible fixed assets +€34,992
up €34,992 (+233%), from €15,025 to €50,018
of which Furniture and vehicles: +€32,539
- Stocks and contracts -€21,049
down €21,049 (-17.1%), from €123,096 to €102,047
- Receivables within one year +€5,974
up €5,974 (+70.7%), from €8,454 to €14,428
of which Other amounts receivable: +€5,378
- Debts after one year +€25,700
new in 2025: €25,700
- Current portion of long-term debt +€12,539
up €12,539 (+615%), from €2,037 to €14,576
- Other debts -€7,876
down €7,876 (-6.3%), from €125,692 to €117,816
- Profit (loss) carried forward -€7,451
down €7,451 (-57.1%), from €13,056 to €5,605
- Gross operating margin -€26,601
down €26,601 (-31.9%), from €83,310 to €56,709
- Financial charges +€4,492
up €4,492, from -€1,358 to €3,133
- Staff costs -€3,428
down €3,428 (-7.7%), from €44,346 to €40,919
- Depreciation -€3,300
down €3,300 (-14.8%), from €22,286 to €18,986
- Taxes -€1,403
down €1,403 (-84.1%), from €1,669 to €266
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 | €171,531 | €192,611 | +€21,081 | +12.3% |
| Fixed assets | 21/28 | €15,230 | €50,223 | +€34,992 | +230% |
| Tangible fixed assets | 22/27 | €15,025 | €50,018 | +€34,992 | +233% |
| Plant, machinery and equipment | 23 | €852 | €525 | -€327 | -38.4% |
| Furniture and vehicles | 24 | €14,174 | €46,713 | +€32,539 | +230% |
| Other tangible fixed assets | 26 | - | €2,780 | +€2,780 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €156,300 | €142,389 | -€13,912 | -8.9% |
| Stocks and contracts in progress | 3 | €123,096 | €102,047 | -€21,049 | -17.1% |
| Stocks | 30/36 | €123,096 | €102,047 | -€21,049 | -17.1% |
| Amounts receivable within one year | 40/41 | €8,454 | €14,428 | +€5,974 | +70.7% |
| Trade receivables | 40 | €1,509 | €2,105 | +€595 | +39.5% |
| Other amounts receivable | 41 | €6,945 | €12,323 | +€5,378 | +77.4% |
| Cash at bank and in hand | 54/58 | €23,633 | €24,051 | +€419 | +1.8% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,862 | +€745 | +66.6% |
| Total equity and liabilities | 10/49 | €171,531 | €192,611 | +€21,081 | +12.3% |
| Equity | 10/15 | €23,056 | €15,605 | -€7,451 | -32.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,056 | €5,605 | -€7,451 | -57.1% |
| Amounts payable | 17/49 | €148,475 | €177,007 | +€28,532 | +19.2% |
| Amounts payable after more than one year | 17 | - | €25,700 | +€25,700 | |
| Financial debts | 170/4 | - | €25,700 | +€25,700 | |
| Amounts payable within one year | 42/48 | €148,475 | €151,306 | +€2,832 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €2,037 | €14,576 | +€12,539 | +615% |
| Trade debts | 44 | €8,165 | €6,633 | -€1,532 | -18.8% |
| Suppliers | 440/4 | €8,165 | €6,633 | -€1,532 | -18.8% |
| Advances received on contracts in progress | 46 | €1,699 | €0 | -€1,699 | -100% |
| Taxes, remuneration and social security | 45 | €10,881 | €12,282 | +€1,401 | +12.9% |
| Taxes | 450/3 | €10,243 | €11,867 | +€1,624 | +15.9% |
| Remuneration and social security | 454/9 | €638 | €414 | -€224 | -35.1% |
| Other amounts payable | 47/48 | €125,692 | €117,816 | -€7,876 | -6.3% |
| Remuneration, social security and pensions | 62 | €44,346 | €40,919 | -€3,428 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,286 | €18,986 | -€3,300 | -14.8% |
| Other operating charges | 640/8 | €2,443 | €1,666 | -€776 | -31.8% |
| Gross operating margin | 9900 | €83,310 | €56,709 | -€26,601 | -31.9% |
| Operating profit (loss) | 9901 | €14,236 | -€4,862 | -€19,098 | |
| Financial income | 75/76B | €849 | €810 | -€39 | -4.6% |
| Recurring financial income | 75 | €849 | €810 | -€39 | -4.6% |
| Financial charges | 65/66B | -€1,358 | €3,133 | +€4,492 | |
| Recurring financial charges | 65 | -€1,358 | €3,133 | +€4,492 | |
| Profit (loss) for the period before taxes | 9903 | €16,443 | -€7,186 | -€23,628 | |
| Income taxes | 67/77 | €1,669 | €266 | -€1,403 | -84.1% |
| Profit (loss) for the period | 9904 | €14,774 | -€7,451 | -€22,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,774 | -€7,451 | -€22,225 |
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 20 October 2026 via checked.be.