E-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.
E-Bike
Largest movements
- Tangible fixed assets +€41,314
up €41,314 (+92.7%), from €44,554 to €85,868
of which Furniture and vehicles: +€39,424
- Stocks and contracts +€34,025
up €34,025 (+14.2%), from €239,601 to €273,626
- Deferred charges and accrued income -€16,109
down €16,109 (-100%), from €16,109 to €0
- Receivables within one year +€15,680
up €15,680 (+13.8%), from €113,426 to €129,107
of which Trade receivables: +€14,667
- Other debts +€65,657
up €65,657 (+69.4%), from €94,598 to €160,254
- Reserves +€35,198
up €35,198 (+132%), from €26,584 to €61,782
- Debts after one year -€23,800
down €23,800 (-18.0%), from €132,480 to €108,680
- Trade debts -€23,122
down €23,122 (-35.0%), from €66,019 to €42,898
- Tax, wage and social debts +€22,411
up €22,411 (+71.2%), from €31,479 to €53,890
of which Taxes: +€17,226
- Gross operating margin +€67,990
up €67,990 (+131%), from €51,959 to €119,949
- Staff costs +€31,140
up €31,140 (+203%), from €15,309 to €46,448
- Depreciation +€15,708
up €15,708 (+246%), from €6,384 to €22,092
- Taxes +€8,642
up €8,642 (+189%), from €4,578 to €13,221
- Financial income +€6,406
up €6,406 (+199%), from €3,222 to €9,627
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 | €423,560 | €503,372 | +€79,812 | +18.8% |
| Fixed assets | 21/28 | €47,341 | €91,193 | +€43,852 | +92.6% |
| Intangible fixed assets | 21 | €2,787 | €5,325 | +€2,538 | +91.1% |
| Tangible fixed assets | 22/27 | €44,554 | €85,868 | +€41,314 | +92.7% |
| Plant, machinery and equipment | 23 | €27,379 | €29,269 | +€1,890 | +6.9% |
| Furniture and vehicles | 24 | €17,175 | €56,598 | +€39,424 | +230% |
| Current assets | 29/58 | €376,219 | €412,179 | +€35,960 | +9.6% |
| Stocks and contracts in progress | 3 | €239,601 | €273,626 | +€34,025 | +14.2% |
| Stocks | 30/36 | €239,601 | €273,626 | +€34,025 | +14.2% |
| Amounts receivable within one year | 40/41 | €113,426 | €129,107 | +€15,680 | +13.8% |
| Trade receivables | 40 | €113,426 | €128,094 | +€14,667 | +12.9% |
| Other amounts receivable | 41 | - | €1,013 | +€1,013 | |
| Cash at bank and in hand | 54/58 | €7,082 | €9,446 | +€2,364 | +33.4% |
| Deferred charges and accrued income | 490/1 | €16,109 | €0 | -€16,109 | -100% |
| Total equity and liabilities | 10/49 | €423,560 | €503,372 | +€79,812 | +18.8% |
| Equity | 10/15 | €28,584 | €63,782 | +€35,198 | +123% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,584 | €61,782 | +€35,198 | +132% |
| Distributable reserves | 133 | €26,584 | €61,782 | +€35,198 | +132% |
| Amounts payable | 17/49 | €394,976 | €439,590 | +€44,614 | +11.3% |
| Amounts payable after more than one year | 17 | €132,480 | €108,680 | -€23,800 | -18.0% |
| Financial debts | 170/4 | €132,480 | €108,680 | -€23,800 | -18.0% |
| Amounts payable within one year | 42/48 | €262,006 | €329,494 | +€67,488 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €19,911 | €22,452 | +€2,541 | +12.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €66,019 | €42,898 | -€23,122 | -35.0% |
| Suppliers | 440/4 | €66,019 | €42,898 | -€23,122 | -35.0% |
| Taxes, remuneration and social security | 45 | €31,479 | €53,890 | +€22,411 | +71.2% |
| Taxes | 450/3 | €29,252 | €46,477 | +€17,226 | +58.9% |
| Remuneration and social security | 454/9 | €2,227 | €7,413 | +€5,186 | +233% |
| Other amounts payable | 47/48 | €94,598 | €160,254 | +€65,657 | +69.4% |
| Accrued charges and deferred income | 492/3 | €490 | €1,417 | +€927 | +189% |
| Remuneration, social security and pensions | 62 | €15,309 | €46,448 | +€31,140 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,384 | €22,092 | +€15,708 | +246% |
| Other operating charges | 640/8 | €64 | €0 | -€64 | -100% |
| Gross operating margin | 9900 | €51,959 | €119,949 | +€67,990 | +131% |
| Operating profit (loss) | 9901 | €30,203 | €51,409 | +€21,206 | +70.2% |
| Financial income | 75/76B | €3,222 | €9,627 | +€6,406 | +199% |
| Recurring financial income | 75 | €3,222 | €9,627 | +€6,406 | +199% |
| Financial charges | 65/66B | €8,987 | €12,618 | +€3,631 | +40.4% |
| Recurring financial charges | 65 | €8,987 | €12,618 | +€3,631 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €24,437 | €48,419 | +€23,981 | +98.1% |
| Income taxes | 67/77 | €4,578 | €13,221 | +€8,642 | +189% |
| Profit (loss) for the period | 9904 | €19,859 | €35,198 | +€15,339 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,859 | €35,198 | +€15,339 | +77.2% |
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.