ESPACE CYCLES: 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.
What changed
ESPACE CYCLES
NACE 47.632, Retail sale of bicycles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€99,493
2024 · -€236,369+€136,875
Equity
€245,391
2024 · €344,885-€99,493
Cash
€37,103
2024 · €43,643-€6,539
Balance sheet total
€647,224
2024 · €656,993-€9,769
Largest movements
Assets
- Tangible fixed assets -€23,074
down €23,074 (-26.1%), from €88,433 to €65,359
of which Leasing and similar rights: -€13,259
- Receivables within one year +€15,372
up €15,372 (+129%), from €11,904 to €27,275
of which Trade receivables: +€15,372
- Stocks and contracts +€9,312
up €9,312 (+1.8%), from €503,371 to €512,683
Equity and liabilities
- Profit (loss) carried forward -€99,493
down €99,493 (-76.1%), from €130,658 to €31,165
- Other debts +€83,072
up €83,072 (+50.0%), from €166,138 to €249,210
- Short-term financial debts +€50,000
up €50,000, from €0 to €50,000
- Trade debts -€34,715
down €34,715 (-66.5%), from €52,211 to €17,497
Income statement
- Gross operating margin +€100,459
up €100,459 (+150%), from €66,892 to €167,351
- Staff costs -€33,906
down €33,906 (-12.4%), from €273,387 to €239,481
- Other operating charges +€10,439
up €10,439 (+108%), from €9,657 to €20,096
- Depreciation -€6,170
down €6,170 (-33.4%), from €18,464 to €12,294
- Financial charges -€4,267
down €4,267 (-53.6%), from €7,962 to €3,695
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.
Result 2024
-€236,369
Gross operating margin
+€100,459
Staff costs
+€33,906
Depreciation
+€6,170
Other operating charges
-€10,439
Other operating items
+€369
Financial income
+€1,515
Financial charges
+€4,267
Taxes
+€627
Result 2025
-€99,493
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€61,447
Investment
+€11,072
Financing
+€43,836
Cash 2024
€43,643
From operations (derived)
-€61,447
Net result for the year
-€99,493
Depreciation
+€12,294
Stocks and contracts
-€9,312
Receivables within one year
-€15,372
Deferred charges and accrued income
+€4,548
Trade debts
-€34,715
Tax, wage and social debts
-€3,974
Advances received
+€1,504
Other debts
+€83,072
Investment (derived)
+€11,072
Investment in fixed assets (net)
+€11,072
Financing
+€43,836
Current portion of long-term debt
-€6,164
Short-term financial debts
+€50,000
Cash 2025
€37,103
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,993 | €647,224 | -€9,769 | -1.5% |
| Fixed assets | 21/28 | €89,435 | €66,069 | -€23,366 | -26.1% |
| Intangible fixed assets | 21 | €567 | €275 | -€292 | -51.5% |
| Tangible fixed assets | 22/27 | €88,433 | €65,359 | -€23,074 | -26.1% |
| Land and buildings | 22 | €34,681 | €32,521 | -€2,160 | -6.2% |
| Plant, machinery and equipment | 23 | €34,304 | €27,508 | -€6,796 | -19.8% |
| Furniture and vehicles | 24 | €6,188 | €5,329 | -€859 | -13.9% |
| Leasing and similar rights | 25 | €13,259 | - | -€13,259 | |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €567,558 | €581,154 | +€13,597 | +2.4% |
| Stocks and contracts in progress | 3 | €503,371 | €512,683 | +€9,312 | +1.8% |
| Stocks | 30/36 | €503,371 | €512,683 | +€9,312 | +1.8% |
| Amounts receivable within one year | 40/41 | €11,904 | €27,275 | +€15,372 | +129% |
| Trade receivables | 40 | €11,518 | €26,890 | +€15,372 | +133% |
| Other amounts receivable | 41 | €386 | €386 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,643 | €37,103 | -€6,539 | -15.0% |
| Deferred charges and accrued income | 490/1 | €8,641 | €4,093 | -€4,548 | -52.6% |
| Total equity and liabilities | 10/49 | €656,993 | €647,224 | -€9,769 | -1.5% |
| Equity | 10/15 | €344,885 | €245,391 | -€99,493 | -28.8% |
| Contributions | 10/11 | €144,910 | €144,910 | = | 0.0% |
| Revaluation surpluses | 12 | €12,222 | €8,349 | -€3,873 | -31.7% |
| Reserves | 13 | €57,094 | €60,967 | +€3,873 | +6.8% |
| Non-distributable reserves | 130/1 | €14,491 | €14,491 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,491 | €14,491 | = | 0.0% |
| Distributable reserves | 133 | €42,603 | €46,476 | +€3,873 | +9.1% |
| Profit (loss) carried forward | 14 | €130,658 | €31,165 | -€99,493 | -76.1% |
| Amounts payable | 17/49 | €312,108 | €401,832 | +€89,724 | +28.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €312,108 | €401,832 | +€89,724 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €6,164 | - | -€6,164 | |
| Financial debts | 43 | €0 | €50,000 | +€50,000 | |
| Other loans | 439 | €0 | €50,000 | +€50,000 | |
| Trade debts | 44 | €52,211 | €17,497 | -€34,715 | -66.5% |
| Suppliers | 440/4 | €52,211 | €17,497 | -€34,715 | -66.5% |
| Advances received on contracts in progress | 46 | €26,605 | €28,109 | +€1,504 | +5.7% |
| Taxes, remuneration and social security | 45 | €60,990 | €57,016 | -€3,974 | -6.5% |
| Taxes | 450/3 | €16,897 | €12,819 | -€4,078 | -24.1% |
| Remuneration and social security | 454/9 | €44,093 | €44,197 | +€104 | +0.2% |
| Other amounts payable | 47/48 | €166,138 | €249,210 | +€83,072 | +50.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €265 | +€265 | |
| Remuneration, social security and pensions | 62 | €273,387 | €239,481 | -€33,906 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,464 | €12,294 | -€6,170 | -33.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €9,657 | €20,096 | +€10,439 | +108% |
| Non-recurring operating charges | 66A | €369 | - | -€369 | |
| Gross operating margin | 9900 | €66,892 | €167,351 | +€100,459 | +150% |
| Operating profit (loss) | 9901 | -€234,985 | -€104,519 | +€130,466 | +55.5% |
| Financial income | 75/76B | €7,274 | €8,789 | +€1,515 | +20.8% |
| Recurring financial income | 75 | €7,274 | €8,789 | +€1,515 | +20.8% |
| Financial charges | 65/66B | €7,962 | €3,695 | -€4,267 | -53.6% |
| Recurring financial charges | 65 | €7,962 | €3,695 | -€4,267 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | -€235,672 | -€99,425 | +€136,248 | +57.8% |
| Income taxes | 67/77 | €696 | €69 | -€627 | -90.1% |
| Profit (loss) for the period | 9904 | -€236,369 | -€99,493 | +€136,875 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€236,369 | -€99,493 | +€136,875 | +57.9% |
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 13 October 2026 via checked.be.