NORTH 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.
NORTH BIKE
Largest movements
- Stocks and contracts +€46,664
up €46,664 (+21.5%), from €216,994 to €263,657
- Receivables within one year -€22,060
down €22,060 (-69.7%), from €31,653 to €9,593
- Intangible fixed assets +€17,665
new in 2025: €17,665
- Tangible fixed assets -€9,964
down €9,964 (-17.2%), from €57,788 to €47,823
of which Other tangible fixed assets: -€9,062
- Cash -€9,616
down €9,616 (-49.6%), from €19,394 to €9,778
mainly Stocks and contracts (-€46,664) and Debts after one year (-€36,041)
- Trade debts +€43,843
up €43,843 (+192%), from €22,817 to €66,660
- Debts after one year -€36,041
down €36,041 (-29.1%), from €123,720 to €87,679
- Profit (loss) carried forward +€14,544
up €14,544 (+15.1%), from €96,032 to €110,575
- Accrued charges and deferred income -€9,817
no longer reported in 2025 (was €9,817)
- Tax, wage and social debts +€8,959
up €8,959 (+36.8%), from €24,364 to €33,323
of which Remuneration and social security: +€8,378
- Financial income -€276,855
down €276,855 (-99.5%), from €278,246 to €1,391
of which Non-recurring financial income: -€278,147
- Staff costs -€15,234
down €15,234 (-18.2%), from €83,589 to €68,355
- Depreciation -€10,046
down €10,046 (-47.1%), from €21,310 to €11,264
- Gross operating margin -€9,610
down €9,610 (-8.6%), from €111,748 to €102,138
- Other operating charges +€4,823
up €4,823 (+438%), from €1,102 to €5,926
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 | €330,228 | €351,935 | +€21,707 | +6.6% |
| Fixed assets | 21/28 | €61,088 | €68,788 | +€7,700 | +12.6% |
| Intangible fixed assets | 21 | - | €17,665 | +€17,665 | |
| Tangible fixed assets | 22/27 | €57,788 | €47,823 | -€9,964 | -17.2% |
| Furniture and vehicles | 24 | €9,588 | €8,686 | -€902 | -9.4% |
| Other tangible fixed assets | 26 | €48,200 | €39,137 | -€9,062 | -18.8% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €269,140 | €283,147 | +€14,007 | +5.2% |
| Stocks and contracts in progress | 3 | €216,994 | €263,657 | +€46,664 | +21.5% |
| Stocks | 30/36 | €216,994 | €263,657 | +€46,664 | +21.5% |
| Amounts receivable within one year | 40/41 | €31,653 | €9,593 | -€22,060 | -69.7% |
| Trade receivables | 40 | €31,653 | €9,593 | -€22,060 | -69.7% |
| Cash at bank and in hand | 54/58 | €19,394 | €9,778 | -€9,616 | -49.6% |
| Deferred charges and accrued income | 490/1 | €1,099 | €118 | -€981 | -89.2% |
| Total equity and liabilities | 10/49 | €330,228 | €351,935 | +€21,707 | +6.6% |
| Equity | 10/15 | €126,032 | €140,575 | +€14,544 | +11.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,032 | €110,575 | +€14,544 | +15.1% |
| Amounts payable | 17/49 | €204,196 | €211,359 | +€7,163 | +3.5% |
| Amounts payable after more than one year | 17 | €123,720 | €87,679 | -€36,041 | -29.1% |
| Advances received on contracts in progress | 176 | €123,720 | €87,679 | -€36,041 | -29.1% |
| Amounts payable within one year | 42/48 | €70,659 | €123,681 | +€53,021 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | - | €326 | +€326 | |
| Trade debts | 44 | €22,817 | €66,660 | +€43,843 | +192% |
| Suppliers | 440/4 | €22,817 | €66,660 | +€43,843 | +192% |
| Advances received on contracts in progress | 46 | €13,943 | €12,033 | -€1,910 | -13.7% |
| Taxes, remuneration and social security | 45 | €24,364 | €33,323 | +€8,959 | +36.8% |
| Taxes | 450/3 | €10,524 | €11,104 | +€581 | +5.5% |
| Remuneration and social security | 454/9 | €13,841 | €22,219 | +€8,378 | +60.5% |
| Other amounts payable | 47/48 | €9,535 | €11,338 | +€1,803 | +18.9% |
| Accrued charges and deferred income | 492/3 | €9,817 | - | -€9,817 | |
| Remuneration, social security and pensions | 62 | €83,589 | €68,355 | -€15,234 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,310 | €11,264 | -€10,046 | -47.1% |
| Other operating charges | 640/8 | €1,102 | €5,926 | +€4,823 | +438% |
| Gross operating margin | 9900 | €111,748 | €102,138 | -€9,610 | -8.6% |
| Operating profit (loss) | 9901 | €5,746 | €16,593 | +€10,847 | +189% |
| Financial income | 75/76B | €278,246 | €1,391 | -€276,855 | -99.5% |
| Recurring financial income | 75 | €99 | €1,391 | +€1,293 | +1,310% |
| Non-recurring financial income | 76B | €278,147 | - | -€278,147 | |
| Financial charges | 65/66B | €5,882 | €3,287 | -€2,595 | -44.1% |
| Recurring financial charges | 65 | €5,882 | €3,287 | -€2,595 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €278,111 | €14,698 | -€263,413 | -94.7% |
| Income taxes | 67/77 | -€160 | €154 | +€314 | |
| Profit (loss) for the period | 9904 | €278,271 | €14,544 | -€263,728 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €278,271 | €14,544 | -€263,728 | -94.8% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.