NBike: 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.
NBike
Largest movements
- Stocks and contracts -€50,488
down €50,488 (-9.7%), from €521,351 to €470,863
- Cash -€47,723
down €47,723 (-18.2%), from €261,680 to €213,957
mainly Contributions, distributions and other (-€180,000) and Investment in fixed assets (net) (-€27,999)
- Tangible fixed assets -€22,366
down €22,366 (-7.8%), from €286,904 to €264,538
of which Land and buildings: -€18,788
- Receivables within one year +€14,298
up €14,298 (+157%), from €9,118 to €23,416
of which Other amounts receivable: +€13,331
- Reserves -€139,937
down €139,937 (-17.0%), from €823,163 to €683,227
of which Distributable reserves: -€139,937
- Other debts +€47,233
up €47,233 (+98.1%), from €48,152 to €95,385
- Current portion of long-term debt -€21,951
down €21,951 (-64.7%), from €33,908 to €11,957
- Debts after one year -€11,584
down €11,584 (-8.9%), from €130,291 to €118,707
- Gross operating margin -€72,767
down €72,767 (-30.2%), from €241,327 to €168,560
- Taxes -€18,180
down €18,180 (-54.5%), from €33,334 to €15,154
- Staff costs -€3,197
down €3,197 (-5.4%), from €59,197 to €56,000
- Other operating charges -€3,004
down €3,004 (-38.2%), from €7,867 to €4,863
- Depreciation -€2,914
down €2,914 (-5.5%), from €53,278 to €50,365
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 | €1,082,911 | €976,631 | -€106,279 | -9.8% |
| Fixed assets | 21/28 | €290,761 | €268,396 | -€22,366 | -7.7% |
| Tangible fixed assets | 22/27 | €286,904 | €264,538 | -€22,366 | -7.8% |
| Land and buildings | 22 | €225,792 | €207,004 | -€18,788 | -8.3% |
| Plant, machinery and equipment | 23 | €22,118 | €30,112 | +€7,993 | +36.1% |
| Furniture and vehicles | 24 | €38,993 | €27,423 | -€11,571 | -29.7% |
| Financial fixed assets | 28 | €3,857 | €3,857 | = | 0.0% |
| Current assets | 29/58 | €792,149 | €708,236 | -€83,913 | -10.6% |
| Stocks and contracts in progress | 3 | €521,351 | €470,863 | -€50,488 | -9.7% |
| Stocks | 30/36 | €521,351 | €470,863 | -€50,488 | -9.7% |
| Amounts receivable within one year | 40/41 | €9,118 | €23,416 | +€14,298 | +157% |
| Trade receivables | 40 | €1,833 | €2,799 | +€967 | +52.7% |
| Other amounts receivable | 41 | €7,286 | €20,617 | +€13,331 | +183% |
| Cash at bank and in hand | 54/58 | €261,680 | €213,957 | -€47,723 | -18.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,082,911 | €976,631 | -€106,279 | -9.8% |
| Equity | 10/15 | €843,163 | €703,227 | -€139,937 | -16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €823,163 | €683,227 | -€139,937 | -17.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €821,163 | €681,227 | -€139,937 | -17.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €239,747 | €273,405 | +€33,658 | +14.0% |
| Amounts payable after more than one year | 17 | €130,291 | €118,707 | -€11,584 | -8.9% |
| Financial debts | 170/4 | €130,291 | €118,707 | -€11,584 | -8.9% |
| Amounts payable within one year | 42/48 | €109,457 | €154,698 | +€45,242 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €33,908 | €11,957 | -€21,951 | -64.7% |
| Trade debts | 44 | €26,447 | €30,209 | +€3,762 | +14.2% |
| Suppliers | 440/4 | €26,447 | €30,209 | +€3,762 | +14.2% |
| Advances received on contracts in progress | 46 | - | €7,000 | +€7,000 | |
| Taxes, remuneration and social security | 45 | €949 | €10,146 | +€9,198 | +969% |
| Taxes | 450/3 | €0 | €154 | +€154 | |
| Remuneration and social security | 454/9 | €949 | €9,992 | +€9,044 | +953% |
| Other amounts payable | 47/48 | €48,152 | €95,385 | +€47,233 | +98.1% |
| Non-recurring operating income | 76A | €454 | €0 | -€454 | -100% |
| Remuneration, social security and pensions | 62 | €59,197 | €56,000 | -€3,197 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,278 | €50,365 | -€2,914 | -5.5% |
| Other operating charges | 640/8 | €7,867 | €4,863 | -€3,004 | -38.2% |
| Non-recurring operating charges | 66A | - | €336 | +€336 | |
| Gross operating margin | 9900 | €241,327 | €168,560 | -€72,767 | -30.2% |
| Operating profit (loss) | 9901 | €120,984 | €56,996 | -€63,988 | -52.9% |
| Financial income | 75/76B | €4,955 | €5,042 | +€87 | +1.8% |
| Recurring financial income | 75 | €4,955 | €5,042 | +€87 | +1.8% |
| Financial charges | 65/66B | €7,651 | €6,821 | -€831 | -10.9% |
| Recurring financial charges | 65 | €7,651 | €6,821 | -€831 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €118,288 | €55,217 | -€63,070 | -53.3% |
| Income taxes | 67/77 | €33,334 | €15,154 | -€18,180 | -54.5% |
| Profit (loss) for the period | 9904 | €84,953 | €40,063 | -€44,890 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,953 | €40,063 | -€44,890 | -52.8% |
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.