LOGO BIKE: 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.
LOGO BIKE
Largest movements
- Financial fixed assets +€881,704
new in 2025: €881,704
- Cash -€235,740
down €235,740 (-92.0%), from €256,167 to €20,428
mainly Investment in fixed assets (net) (-€883,317) and Contributions, distributions and other (-€202,000)
- Receivables within one year -€67,028
down €67,028 (-59.4%), from €112,753 to €45,726
of which Other amounts receivable: -€42,828
- Tangible fixed assets -€41,122
down €41,122 (-4.2%), from €969,469 to €928,347
- Debts after one year +€650,000
up €650,000 (+207%), from €314,000 to €964,000
- Reserves -€140,300
down €140,300 (-13.1%), from €1.1m to €931,011
- Other debts +€20,724
up €20,724, from €0 to €20,724
- Depreciation +€11,372
up €11,372 (+36.3%), from €31,363 to €42,736
- Gross operating margin -€5,523
down €5,523 (-3.1%), from €175,485 to €169,961
- Other operating charges -€2,998
down €2,998 (-42.2%), from €7,112 to €4,114
- Financial charges +€2,697
up €2,697 (+10.3%), from €26,271 to €28,968
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 | €1,449,608 | €1,978,935 | +€529,327 | +36.5% |
| Fixed assets | 21/28 | €969,469 | €1,810,050 | +€840,582 | +86.7% |
| Tangible fixed assets | 22/27 | €969,469 | €928,347 | -€41,122 | -4.2% |
| Land and buildings | 22 | €884,258 | €864,502 | -€19,756 | -2.2% |
| Plant, machinery and equipment | 23 | €24,463 | €14,307 | -€10,156 | -41.5% |
| Furniture and vehicles | 24 | €60,748 | €49,537 | -€11,210 | -18.5% |
| Financial fixed assets | 28 | - | €881,704 | +€881,704 | |
| Current assets | 29/58 | €480,139 | €168,885 | -€311,255 | -64.8% |
| Amounts receivable within one year | 40/41 | €112,753 | €45,726 | -€67,028 | -59.4% |
| Trade receivables | 40 | €24,200 | €0 | -€24,200 | -100% |
| Other amounts receivable | 41 | €88,553 | €45,726 | -€42,828 | -48.4% |
| Current investments | 50/53 | €99,232 | €99,232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €256,167 | €20,428 | -€235,740 | -92.0% |
| Deferred charges and accrued income | 490/1 | €11,987 | €3,499 | -€8,487 | -70.8% |
| Total equity and liabilities | 10/49 | €1,449,608 | €1,978,935 | +€529,327 | +36.5% |
| Equity | 10/15 | €1,089,996 | €949,702 | -€140,293 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,071,311 | €931,011 | -€140,300 | -13.1% |
| Distributable reserves | 133 | €1,071,311 | €931,011 | -€140,300 | -13.1% |
| Profit (loss) carried forward | 14 | €84 | €91 | +€7 | +8.1% |
| Amounts payable | 17/49 | €359,613 | €1,029,233 | +€669,620 | +186% |
| Amounts payable after more than one year | 17 | €314,000 | €964,000 | +€650,000 | +207% |
| Financial debts | 170/4 | €314,000 | €964,000 | +€650,000 | +207% |
| Amounts payable within one year | 42/48 | €27,985 | €45,544 | +€17,560 | +62.7% |
| Trade debts | 44 | €7,997 | €1,087 | -€6,910 | -86.4% |
| Suppliers | 440/4 | €7,997 | €1,087 | -€6,910 | -86.4% |
| Taxes, remuneration and social security | 45 | €19,987 | €23,734 | +€3,746 | +18.7% |
| Taxes | 450/3 | €19,987 | €23,734 | +€3,746 | +18.7% |
| Other amounts payable | 47/48 | €0 | €20,724 | +€20,724 | |
| Accrued charges and deferred income | 492/3 | €17,628 | €19,688 | +€2,060 | +11.7% |
| Non-recurring operating income | 76A | €7,692 | €0 | -€7,692 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,363 | €42,736 | +€11,372 | +36.3% |
| Other operating charges | 640/8 | €7,112 | €4,114 | -€2,998 | -42.2% |
| Gross operating margin | 9900 | €175,485 | €169,961 | -€5,523 | -3.1% |
| Operating profit (loss) | 9901 | €137,010 | €123,112 | -€13,898 | -10.1% |
| Financial income | 75/76B | €1,298 | €579 | -€719 | -55.4% |
| Recurring financial income | 75 | €1,298 | €579 | -€719 | -55.4% |
| Financial charges | 65/66B | €26,271 | €28,968 | +€2,697 | +10.3% |
| Recurring financial charges | 65 | €26,271 | €28,968 | +€2,697 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €112,036 | €94,723 | -€17,313 | -15.5% |
| Income taxes | 67/77 | €31,555 | €33,016 | +€1,461 | +4.6% |
| Profit (loss) for the period | 9904 | €80,481 | €61,707 | -€18,774 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,481 | €61,707 | -€18,774 | -23.3% |
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 1 November 2026 via checked.be.