FD BIKES: 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.
FD BIKES
Largest movements
- Tangible fixed assets +€92,090
up €92,090, from €0 to €92,090
of which Other tangible fixed assets: +€90,596
- Stocks and contracts -€38,348
down €38,348 (-9.1%), from €420,983 to €382,635
- Cash -€31,931
down €31,931 (-30.3%), from €105,268 to €73,337
mainly Investment in fixed assets (net) (-€108,784) and Short-term financial debts (-€60,000)
- Receivables within one year -€11,921
down €11,921 (-21.6%), from €55,253 to €43,332
- Debts after one year +€65,576
up €65,576, from €0 to €65,576
- Short-term financial debts -€60,000
down €60,000 (-26.1%), from €230,000 to €170,000
- Trade debts -€49,781
down €49,781 (-46.7%), from €106,659 to €56,878
- Reserves +€46,000
up €46,000 (+59.1%), from €77,800 to €123,800
- Current portion of long-term debt +€18,328
up €18,328, from €0 to €18,328
- Gross operating margin +€66,637
up €66,637 (+277%), from €24,023 to €90,660
- Depreciation +€16,694
up €16,694 (+1,425%), from €1,172 to €17,866
- Staff costs +€9,054
new in 2025: €9,054
- Taxes +€5,591
up €5,591 (+219%), from €2,548 to €8,139
- Financial income +€2,217
up €2,217 (+32.1%), from €6,905 to €9,121
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 | €586,689 | €592,903 | +€6,214 | +1.1% |
| Fixed assets | 21/28 | €2,219 | €93,137 | +€90,919 | +4,098% |
| Intangible fixed assets | 21 | €2,219 | €1,047 | -€1,172 | -52.8% |
| Tangible fixed assets | 22/27 | €0 | €92,090 | +€92,090 | |
| Plant, machinery and equipment | 23 | - | €1,494 | +€1,494 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €90,596 | +€90,596 | |
| Current assets | 29/58 | €584,471 | €499,766 | -€84,705 | -14.5% |
| Stocks and contracts in progress | 3 | €420,983 | €382,635 | -€38,348 | -9.1% |
| Stocks | 30/36 | €420,983 | €382,635 | -€38,348 | -9.1% |
| Amounts receivable within one year | 40/41 | €55,253 | €43,332 | -€11,921 | -21.6% |
| Trade receivables | 40 | €55,253 | €43,332 | -€11,921 | -21.6% |
| Cash at bank and in hand | 54/58 | €105,268 | €73,337 | -€31,931 | -30.3% |
| Deferred charges and accrued income | 490/1 | €2,967 | €461 | -€2,505 | -84.5% |
| Total equity and liabilities | 10/49 | €586,689 | €592,903 | +€6,214 | +1.1% |
| Equity | 10/15 | €128,492 | €173,848 | +€45,355 | +35.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €77,800 | €123,800 | +€46,000 | +59.1% |
| Distributable reserves | 133 | €77,800 | €123,800 | +€46,000 | +59.1% |
| Profit (loss) carried forward | 14 | €692 | €48 | -€645 | -93.1% |
| Amounts payable | 17/49 | €458,197 | €419,056 | -€39,141 | -8.5% |
| Amounts payable after more than one year | 17 | €0 | €65,576 | +€65,576 | |
| Financial debts | 170/4 | €0 | €65,576 | +€65,576 | |
| Amounts payable within one year | 42/48 | €458,197 | €353,479 | -€104,718 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €18,328 | +€18,328 | |
| Financial debts | 43 | €230,000 | €170,000 | -€60,000 | -26.1% |
| Credit institutions | 430/8 | €230,000 | €170,000 | -€60,000 | -26.1% |
| Trade debts | 44 | €106,659 | €56,878 | -€49,781 | -46.7% |
| Suppliers | 440/4 | €106,659 | €56,878 | -€49,781 | -46.7% |
| Taxes, remuneration and social security | 45 | €34,664 | €27,102 | -€7,561 | -21.8% |
| Taxes | 450/3 | €34,664 | €27,102 | -€7,561 | -21.8% |
| Other amounts payable | 47/48 | €86,874 | €81,171 | -€5,703 | -6.6% |
| Non-recurring operating income | 76A | €2,546 | €652 | -€1,894 | -74.4% |
| Remuneration, social security and pensions | 62 | - | €9,054 | +€9,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €17,866 | +€16,694 | +1,425% |
| Other operating charges | 640/8 | €4,556 | €2,754 | -€1,802 | -39.6% |
| Gross operating margin | 9900 | €24,023 | €90,660 | +€66,637 | +277% |
| Operating profit (loss) | 9901 | €18,295 | €60,986 | +€42,690 | +233% |
| Financial income | 75/76B | €6,905 | €9,121 | +€2,217 | +32.1% |
| Recurring financial income | 75 | €6,905 | €9,121 | +€2,217 | +32.1% |
| Financial charges | 65/66B | €16,913 | €16,613 | -€300 | -1.8% |
| Recurring financial charges | 65 | €16,913 | €16,613 | -€300 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €8,287 | €53,494 | +€45,207 | +546% |
| Income taxes | 67/77 | €2,548 | €8,139 | +€5,591 | +219% |
| Profit (loss) for the period | 9904 | €5,739 | €45,355 | +€39,616 | +690% |
| Profit (loss) for the period to be appropriated | 9905 | €5,739 | €45,355 | +€39,616 | +690% |
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 14 October 2026 via checked.be.