GEECOBIKES: 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.
GEECOBIKES
Largest movements
- Receivables within one year -€32,162
down €32,162 (-76.5%), from €42,041 to €9,879
of which Trade receivables: -€33,112
- Tangible fixed assets +€15,047
up €15,047 (+1,045%), from €1,440 to €16,487
of which Land and buildings: +€8,310
- Cash +€8,170
up €8,170 (+8.3%), from €98,448 to €106,617
mainly Receivables within one year (+€32,162) and Other debts (+€12,116)
- Stocks and contracts +€8,000
up €8,000 (+3.5%), from €229,418 to €237,418
- Trade debts -€12,274
down €12,274 (-16.7%), from €73,468 to €61,194
- Other debts +€12,116
up €12,116 (+10.4%), from €116,520 to €128,636
- Advances received -€3,976
down €3,976 (-27.0%), from €14,717 to €10,741
- Depreciation +€1,065
up €1,065 (+53.5%), from €1,989 to €3,054
- Gross operating margin +€957
up €957 (+9.7%), from €9,903 to €10,860
- Financial charges -€552
down €552 (-9.5%), from €5,787 to €5,235
- Other operating charges +€387
new in 2025: €387
- Taxes +€127
up €127 (+19.1%), from €665 to €793
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 | €372,278 | €370,424 | -€1,854 | -0.5% |
| Fixed assets | 21/28 | €1,440 | €16,487 | +€15,047 | +1,045% |
| Tangible fixed assets | 22/27 | €1,440 | €16,487 | +€15,047 | +1,045% |
| Land and buildings | 22 | - | €8,310 | +€8,310 | |
| Plant, machinery and equipment | 23 | €1,212 | €777 | -€435 | -35.9% |
| Furniture and vehicles | 24 | €228 | €7,400 | +€7,172 | +3,139% |
| Current assets | 29/58 | €370,837 | €353,937 | -€16,901 | -4.6% |
| Stocks and contracts in progress | 3 | €229,418 | €237,418 | +€8,000 | +3.5% |
| Stocks | 30/36 | €229,418 | €237,418 | +€8,000 | +3.5% |
| Amounts receivable within one year | 40/41 | €42,041 | €9,879 | -€32,162 | -76.5% |
| Trade receivables | 40 | €41,989 | €8,877 | -€33,112 | -78.9% |
| Other amounts receivable | 41 | €52 | €1,003 | +€950 | +1,812% |
| Cash at bank and in hand | 54/58 | €98,448 | €106,617 | +€8,170 | +8.3% |
| Deferred charges and accrued income | 490/1 | €931 | €22 | -€909 | -97.6% |
| Total equity and liabilities | 10/49 | €372,278 | €370,424 | -€1,854 | -0.5% |
| Equity | 10/15 | €59,470 | €60,862 | +€1,391 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,270 | €54,662 | +€1,391 | +2.6% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €53,140 | €54,532 | +€1,391 | +2.6% |
| Amounts payable | 17/49 | €312,808 | €309,563 | -€3,245 | -1.0% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,808 | €234,563 | -€3,245 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €73,468 | €61,194 | -€12,274 | -16.7% |
| Suppliers | 440/4 | €73,468 | €61,194 | -€12,274 | -16.7% |
| Advances received on contracts in progress | 46 | €14,717 | €10,741 | -€3,976 | -27.0% |
| Taxes, remuneration and social security | 45 | €8,103 | €8,992 | +€890 | +11.0% |
| Taxes | 450/3 | €8,103 | €8,992 | +€890 | +11.0% |
| Other amounts payable | 47/48 | €116,520 | €128,636 | +€12,116 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €3,054 | +€1,065 | +53.5% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €9,903 | €10,860 | +€957 | +9.7% |
| Operating profit (loss) | 9901 | €7,914 | €7,419 | -€495 | -6.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.2% |
| Financial charges | 65/66B | €5,787 | €5,235 | -€552 | -9.5% |
| Recurring financial charges | 65 | €5,787 | €5,235 | -€552 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,128 | €2,184 | +€56 | +2.6% |
| Income taxes | 67/77 | €665 | €793 | +€127 | +19.1% |
| Profit (loss) for the period | 9904 | €1,463 | €1,391 | -€72 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,463 | €1,391 | -€72 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.