IBIKE: what changed
Two fiscal 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
IBIKE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · -€2.1m+€4.1m
Equity
€2.7m
2024 · €663,155+€2.0m
Cash
€152
2024 · €139,053-€138,901
Balance sheet total
€8.4m
2024 · €18.1m-€9.7m
Largest movements
Assets
- Stocks and contracts -€11.2m
down €11.2m (-100.0%), from €11.2m to €0
- Receivables within one year +€2.2m
up €2.2m (+110.5%), from €2.0m to €4.1m
of which Other amounts receivable: +€2.5m
- Tangible fixed assets -€316,901
down €316,901 (-11.1%), from €2.8m to €2.5m
of which Other tangible fixed assets: -€245,491
- Intangible fixed assets -€205,000
down €205,000 (-11.5%), from €1.8m to €1.6m
Equity and liabilities
- Short-term financial debts -€5.8m
down €5.8m (-53.6%), from €10.8m to €5.0m
of which Other loans: -€5.8m
- Debts after one year -€5.0m
down €5.0m (-100.0%), from €5.0m to €0
- Profit (loss) carried forward +€2.0m
up €2.0m, from -€1.5m to €571,677
- Trade debts -€382,598
down €382,598 (-59.7%), from €640,649 to €258,052
- Advances received -€196,779
down €196,779 (-100.0%), from €196,779 to €0
Income statement
- Goods and materials -€5.5m
down €5.5m (-29.2%), from €18.8m to €13.3m
of which Purchases: -€15.7m
- Turnover -€5.3m
down €5.3m (-21.0%), from €25.1m to €19.8m
- Services and other goods -€2.2m
down €2.2m (-51.0%), from €4.4m to €2.2m
- Other operating income +€1.5m
up €1.5m (+689.9%), from €220,077 to €1.7m
- Financial charges -€475,365
down €475,365 (-61.3%), from €775,365 to €300,000
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
-€2.1m
Turnover
-€5.3m
Other operating income
+€1.5m
Goods and materials
+€5.5m
Services and other goods
+€2.2m
Staff costs
+€170,854
Depreciation
-€41,532
Write-downs
-€193,877
Other operating charges
+€11,769
Financial income
-€156,971
Financial charges
+€475,365
Taxes
-€127,183
Result 2025
€2.0m
Cash bridge derived
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
+€10.7m
Investment
-€74,605
Financing
-€10.8m
Cash 2024
€139,053
From operations (derived)
+€10.7m
Net result for the year
+€2.0m
Depreciation
+€596,506
Stocks and contracts
+€11.2m
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€16,400
Trade debts
-€382,598
Tax, wage and social debts
-€188,518
Advances received
-€196,779
Other debts
-€124,574
Accrued charges and deferred income
-€54,151
Investment (derived)
-€74,605
Investment in fixed assets (net)
-€74,605
Financing
-€10.8m
Debts after one year
-€5.0m
Short-term financial debts
-€5.8m
Cash 2025
€152
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,088,180 | €8,391,796 | -€9.7m | -53.6% |
| Fixed assets | 21/28 | €4,645,499 | €4,123,597 | -€521,901 | -11.2% |
| Intangible fixed assets | 21 | €1,774,973 | €1,569,973 | -€205,000 | -11.5% |
| Tangible fixed assets | 22/27 | €2,846,323 | €2,529,421 | -€316,901 | -11.1% |
| Plant, machinery and equipment | 23 | €35,374 | €25,893 | -€9,481 | -26.8% |
| Furniture and vehicles | 24 | €163,664 | €101,735 | -€61,929 | -37.8% |
| Other tangible fixed assets | 26 | €2,647,285 | €2,401,793 | -€245,491 | -9.3% |
| Financial fixed assets | 28 | €24,204 | €24,204 | = | 0.0% |
| Other financial fixed assets | 284/8 | €24,204 | €24,204 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €24,204 | €24,204 | = | 0.0% |
| Current assets | 29/58 | €13,442,681 | €4,268,199 | -€9.2m | -68.2% |
| Stocks and contracts in progress | 3 | €11,213,673 | €0 | -€11.2m | -100.0% |
| Stocks | 30/36 | €11,213,673 | €0 | -€11.2m | -100.0% |
| Goods purchased for resale | 34 | €11,213,673 | €0 | -€11.2m | -100.0% |
| Amounts receivable within one year | 40/41 | €1,956,630 | €4,118,322 | +€2.2m | +110.5% |
| Trade receivables | 40 | €1,956,630 | €1,654,868 | -€301,761 | -15.4% |
| Other amounts receivable | 41 | - | €2,463,453 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €139,053 | €152 | -€138,901 | -99.9% |
| Deferred charges and accrued income | 490/1 | €133,326 | €149,725 | +€16,400 | +12.3% |
| Total equity and liabilities | 10/49 | €18,088,180 | €8,391,796 | -€9.7m | -53.6% |
| Equity | 10/15 | €663,155 | €2,712,608 | +€2.0m | +309.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,740,931 | €1,740,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €1,700,931 | €1,700,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,477,776 | €571,677 | +€2.0m | |
| Amounts payable | 17/49 | €17,425,025 | €5,679,188 | -€11.7m | -67.4% |
| Amounts payable after more than one year | 17 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Financial debts | 170/4 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Other loans | 174 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Amounts payable within one year | 42/48 | €12,326,075 | €5,634,389 | -€6.7m | -54.3% |
| Financial debts | 43 | €10,822,674 | €5,023,458 | -€5.8m | -53.6% |
| Credit institutions | 430/8 | - | €23,458 | +€23,458 | |
| Other loans | 439 | €10,822,674 | €5,000,000 | -€5.8m | -53.8% |
| Trade debts | 44 | €640,649 | €258,052 | -€382,598 | -59.7% |
| Suppliers | 440/4 | €640,649 | €258,052 | -€382,598 | -59.7% |
| Advances received on contracts in progress | 46 | €196,779 | €0 | -€196,779 | -100.0% |
| Taxes, remuneration and social security | 45 | €539,184 | €350,666 | -€188,518 | -35.0% |
| Taxes | 450/3 | €245,158 | €107,480 | -€137,678 | -56.2% |
| Remuneration and social security | 454/9 | €294,026 | €243,186 | -€50,840 | -17.3% |
| Other amounts payable | 47/48 | €126,787 | €2,213 | -€124,574 | -98.3% |
| Accrued charges and deferred income | 492/3 | €98,950 | €44,799 | -€54,151 | -54.7% |
| Operating income | 70/76A | €25,284,278 | €21,531,333 | -€3.8m | -14.8% |
| Turnover | 70 | €25,064,201 | €19,792,853 | -€5.3m | -21.0% |
| Other operating income | 74 | €220,077 | €1,738,480 | +€1.5m | +689.9% |
| Operating charges | 60/66A | €26,751,406 | €19,083,502 | -€7.7m | -28.7% |
| Goods for resale, raw materials and consumables | 60 | €18,783,544 | €13,300,637 | -€5.5m | -29.2% |
| Purchases | 600/8 | €17,790,517 | €2,071,120 | -€15.7m | -88.4% |
| Change in stocks: decrease (increase) | 609 | €993,027 | €11,229,517 | +€10.2m | +1030.8% |
| Services and other goods | 61 | €4,388,551 | €2,150,768 | -€2.2m | -51.0% |
| Remuneration, social security and pensions | 62 | €3,080,419 | €2,909,565 | -€170,854 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554,974 | €596,506 | +€41,532 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€209,721 | -€15,844 | +€193,877 | +92.4% |
| Other operating charges | 640/8 | €153,638 | €141,870 | -€11,769 | -7.7% |
| Operating profit (loss) | 9901 | -€1,467,128 | €2,447,831 | +€3.9m | |
| Financial income | 75/76B | €166,073 | €9,103 | -€156,971 | -94.5% |
| Recurring financial income | 75 | €166,073 | €9,103 | -€156,971 | -94.5% |
| Income from financial fixed assets | 750 | €0 | €1,987 | +€1,987 | |
| Other financial income | 752/9 | €166,073 | €7,116 | -€158,958 | -95.7% |
| Financial charges | 65/66B | €775,365 | €300,000 | -€475,365 | -61.3% |
| Recurring financial charges | 65 | €775,365 | €300,000 | -€475,365 | -61.3% |
| Debt charges | 650 | €730,478 | €289,603 | -€440,875 | -60.4% |
| Other financial charges | 652/9 | €44,887 | €10,397 | -€34,490 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,076,419 | €2,156,934 | +€4.2m | |
| Income taxes | 67/77 | -€19,703 | €107,480 | +€127,183 | |
| Taxes | 670/3 | €303 | €107,480 | +€107,177 | +35330.0% |
| Tax adjustments and reversals of tax provisions | 77 | €20,006 | €0 | -€20,006 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,056,716 | €2,049,453 | +€4.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,056,716 | €2,049,453 | +€4.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.