INNOVATIVECYCLING: what changed
What changed
INNOVATIVECYCLING
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€77,841
2024 · €22,169+€55,672
Equity
€242,991
2024 · €226,327+€16,664
Cash
€32,627
2024 · €33,064-€437
Balance sheet total
€516,977
2024 · €485,791+€31,185
Largest movements
Assets
- Receivables within one year +€18,955
up €18,955 (+15.1%), from €125,239 to €144,194
of which Other amounts receivable: +€15,797
- Intangible fixed assets +€15,131
up €15,131 (+46.5%), from €32,520 to €47,651
- Tangible fixed assets -€11,012
down €11,012 (-4.7%), from €233,025 to €222,013
of which Leasing and similar rights: -€10,493
- Stocks and contracts +€9,938
up €9,938 (+16.6%), from €59,699 to €69,638
Equity and liabilities
- Trade debts +€21,771
up €21,771 (+69.5%), from €31,315 to €53,086
- Reserves +€16,664
up €16,664 (+8.1%), from €206,704 to €223,368
- Debts after one year -€13,151
down €13,151 (-7.8%), from €167,545 to €154,394
Income statement
- Gross operating margin +€56,793
up €56,793 (+46.0%), from €123,526 to €180,319
- Taxes +€15,492
up €15,492 (+293%), from €5,279 to €20,771
- Staff costs -€12,601
down €12,601 (-24.5%), from €51,353 to €38,752
- Depreciation -€4,179
down €4,179 (-11.0%), from €37,829 to €33,650
- Financial charges +€2,658
up €2,658 (+31.5%), from €8,433 to €11,091
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,169
Gross operating margin
+€56,793
Staff costs
+€12,601
Depreciation
+€4,179
Other operating charges
-€36
Other operating items
+€63
Financial income
+€222
Financial charges
-€2,658
Taxes
-€15,492
Result 2025
€77,841
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,007
Investment
-€37,769
Financing
-€72,675
Cash 2024
€33,064
From operations (derived)
+€110,007
Net result for the year
+€77,841
Depreciation
+€33,650
Stocks and contracts
-€9,938
Receivables within one year
-€18,955
Deferred charges and accrued income
+€1,389
Trade debts
+€21,771
Tax, wage and social debts
+€4,249
Investment (derived)
-€37,769
Investment in fixed assets (net)
-€37,769
Financing
-€72,675
Debts after one year
-€13,151
Current portion of long-term debt
+€1,653
Contributions, distributions and other
-€61,177
Cash 2025
€32,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,791 | €516,977 | +€31,185 | +6.4% |
| Fixed assets | 21/28 | €265,545 | €269,664 | +€4,119 | +1.6% |
| Intangible fixed assets | 21 | €32,520 | €47,651 | +€15,131 | +46.5% |
| Tangible fixed assets | 22/27 | €233,025 | €222,013 | -€11,012 | -4.7% |
| Land and buildings | 22 | €168,330 | €159,633 | -€8,697 | -5.2% |
| Plant, machinery and equipment | 23 | €6,340 | €3,958 | -€2,381 | -37.6% |
| Furniture and vehicles | 24 | €3,944 | €14,503 | +€10,559 | +268% |
| Leasing and similar rights | 25 | €54,411 | €43,918 | -€10,493 | -19.3% |
| Current assets | 29/58 | €220,247 | €247,313 | +€27,066 | +12.3% |
| Stocks and contracts in progress | 3 | €59,699 | €69,638 | +€9,938 | +16.6% |
| Stocks | 30/36 | €59,699 | €69,638 | +€9,938 | +16.6% |
| Amounts receivable within one year | 40/41 | €125,239 | €144,194 | +€18,955 | +15.1% |
| Trade receivables | 40 | €61,635 | €64,793 | +€3,158 | +5.1% |
| Other amounts receivable | 41 | €63,605 | €79,402 | +€15,797 | +24.8% |
| Cash at bank and in hand | 54/58 | €33,064 | €32,627 | -€437 | -1.3% |
| Deferred charges and accrued income | 490/1 | €2,244 | €854 | -€1,389 | -61.9% |
| Total equity and liabilities | 10/49 | €485,791 | €516,977 | +€31,185 | +6.4% |
| Equity | 10/15 | €226,327 | €242,991 | +€16,664 | +7.4% |
| Contributions | 10/11 | €19,623 | €19,623 | = | 0.0% |
| Reserves | 13 | €206,704 | €223,368 | +€16,664 | +8.1% |
| Distributable reserves | 133 | €206,704 | €223,368 | +€16,664 | +8.1% |
| Amounts payable | 17/49 | €259,464 | €273,986 | +€14,521 | +5.6% |
| Amounts payable after more than one year | 17 | €167,545 | €154,394 | -€13,151 | -7.8% |
| Financial debts | 170/4 | €167,545 | €154,394 | -€13,151 | -7.8% |
| Amounts payable within one year | 42/48 | €91,919 | €119,592 | +€27,673 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €27,549 | €29,202 | +€1,653 | +6.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €31,315 | €53,086 | +€21,771 | +69.5% |
| Suppliers | 440/4 | €31,315 | €53,086 | +€21,771 | +69.5% |
| Taxes, remuneration and social security | 45 | €8,055 | €12,304 | +€4,249 | +52.8% |
| Taxes | 450/3 | €613 | €5,771 | +€5,158 | +842% |
| Remuneration and social security | 454/9 | €7,443 | €6,533 | -€909 | -12.2% |
| Remuneration, social security and pensions | 62 | €51,353 | €38,752 | -€12,601 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,829 | €33,650 | -€4,179 | -11.0% |
| Other operating charges | 640/8 | €1,195 | €1,231 | +€36 | +3.0% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €123,526 | €180,319 | +€56,793 | +46.0% |
| Operating profit (loss) | 9901 | €33,086 | €106,686 | +€73,600 | +222% |
| Financial income | 75/76B | €2,794 | €3,016 | +€222 | +8.0% |
| Recurring financial income | 75 | €2,794 | €3,016 | +€222 | +8.0% |
| Financial charges | 65/66B | €8,433 | €11,091 | +€2,658 | +31.5% |
| Recurring financial charges | 65 | €8,433 | €11,091 | +€2,658 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €27,447 | €98,612 | +€71,164 | +259% |
| Income taxes | 67/77 | €5,279 | €20,771 | +€15,492 | +293% |
| Profit (loss) for the period | 9904 | €22,169 | €77,841 | +€55,672 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €22,169 | €77,841 | +€55,672 | +251% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.