DE TWEEWIELER: what changed
What changed
DE TWEEWIELER
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€51,148
2024 · €96,607-€45,459
Equity
€436,753
2024 · €385,605+€51,148
Cash
€141,175
2024 · €97,865+€43,310
Balance sheet total
€744,249
2024 · €716,144+€28,104
Largest movements
Assets
- Stocks and contracts -€65,703
down €65,703 (-12.0%), from €548,823 to €483,120
- Receivables within one year +€58,294
up €58,294 (+421%), from €13,838 to €72,131
of which Trade receivables: +€46,878
- Cash +€43,310
up €43,310 (+44.3%), from €97,865 to €141,175
mainly Stocks and contracts (+€65,703) and Net result for the year (+€51,148)
Equity and liabilities
- Reserves +€51,148
up €51,148 (+13.4%), from €383,105 to €434,253
- Trade debts -€12,885
down €12,885 (-26.0%), from €49,484 to €36,599
Income statement
- Gross operating margin -€81,368
down €81,368 (-44.5%), from €183,021 to €101,652
- Staff costs -€19,070
down €19,070 (-36.3%), from €52,525 to €33,455
- Taxes -€13,314
down €13,314 (-49.8%), from €26,761 to €13,447
- Financial income +€5,746
up €5,746, from €0 to €5,746
- Depreciation +€4,285
up €4,285 (+152%), from €2,819 to €7,104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€96,607
Gross operating margin
-€81,368
Staff costs
+€19,070
Depreciation
-€4,285
Other operating charges
+€631
Financial income
+€5,746
Financial charges
+€1,433
Taxes
+€13,314
Result 2025
€51,148
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,517
Investment
€0
Financing
+€793
Cash 2024
€97,865
From operations (derived)
+€42,517
Net result for the year
+€51,148
Depreciation
+€7,104
Stocks and contracts
+€65,703
Receivables within one year
-€58,294
Deferred charges and accrued income
+€692
Trade debts
-€12,885
Tax, wage and social debts
-€6,880
Other debts
-€3,911
Accrued charges and deferred income
-€161
Financing
+€793
Short-term financial debts
+€793
Cash 2025
€141,175
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €716,144 | €744,249 | +€28,104 | +3.9% |
| Fixed assets | 21/28 | €52,909 | €45,805 | -€7,104 | -13.4% |
| Tangible fixed assets | 22/27 | €52,909 | €45,805 | -€7,104 | -13.4% |
| Land and buildings | 22 | €48,961 | €43,570 | -€5,391 | -11.0% |
| Plant, machinery and equipment | 23 | €3,948 | €2,235 | -€1,714 | -43.4% |
| Current assets | 29/58 | €663,235 | €698,444 | +€35,208 | +5.3% |
| Stocks and contracts in progress | 3 | €548,823 | €483,120 | -€65,703 | -12.0% |
| Stocks | 30/36 | €548,823 | €483,120 | -€65,703 | -12.0% |
| Amounts receivable within one year | 40/41 | €13,838 | €72,131 | +€58,294 | +421% |
| Trade receivables | 40 | €7,962 | €54,839 | +€46,878 | +589% |
| Other amounts receivable | 41 | €5,876 | €17,292 | +€11,416 | +194% |
| Cash at bank and in hand | 54/58 | €97,865 | €141,175 | +€43,310 | +44.3% |
| Deferred charges and accrued income | 490/1 | €2,710 | €2,018 | -€692 | -25.5% |
| Total equity and liabilities | 10/49 | €716,144 | €744,249 | +€28,104 | +3.9% |
| Equity | 10/15 | €385,605 | €436,753 | +€51,148 | +13.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €383,105 | €434,253 | +€51,148 | +13.4% |
| Distributable reserves | 133 | €383,105 | €434,253 | +€51,148 | +13.4% |
| Amounts payable | 17/49 | €330,540 | €307,496 | -€23,044 | -7.0% |
| Amounts payable within one year | 42/48 | €330,378 | €307,496 | -€22,883 | -6.9% |
| Financial debts | 43 | €9,381 | €10,173 | +€793 | +8.5% |
| Credit institutions | 430/8 | €9,381 | €10,173 | +€793 | +8.5% |
| Trade debts | 44 | €49,484 | €36,599 | -€12,885 | -26.0% |
| Suppliers | 440/4 | €49,484 | €36,599 | -€12,885 | -26.0% |
| Taxes, remuneration and social security | 45 | €26,823 | €19,943 | -€6,880 | -25.6% |
| Taxes | 450/3 | €14,748 | €16,295 | +€1,548 | +10.5% |
| Remuneration and social security | 454/9 | €12,076 | €3,648 | -€8,428 | -69.8% |
| Other amounts payable | 47/48 | €244,690 | €240,780 | -€3,911 | -1.6% |
| Accrued charges and deferred income | 492/3 | €161 | €0 | -€161 | -100% |
| Non-recurring operating income | 76A | €0 | €12,304 | +€12,304 | |
| Remuneration, social security and pensions | 62 | €52,525 | €33,455 | -€19,070 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,819 | €7,104 | +€4,285 | +152% |
| Other operating charges | 640/8 | €1,303 | €673 | -€631 | -48.4% |
| Gross operating margin | 9900 | €183,021 | €101,652 | -€81,368 | -44.5% |
| Operating profit (loss) | 9901 | €126,373 | €60,420 | -€65,953 | -52.2% |
| Financial income | 75/76B | €0 | €5,746 | +€5,746 | |
| Recurring financial income | 75 | €0 | €5,746 | +€5,746 | |
| Financial charges | 65/66B | €3,005 | €1,571 | -€1,433 | -47.7% |
| Recurring financial charges | 65 | €3,005 | €1,571 | -€1,433 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €123,369 | €64,595 | -€58,774 | -47.6% |
| Income taxes | 67/77 | €26,761 | €13,447 | -€13,314 | -49.8% |
| Profit (loss) for the period | 9904 | €96,607 | €51,148 | -€45,459 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,607 | €51,148 | -€45,459 | -47.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.