PDC Bikes: 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.
PDC Bikes
Largest movements
- Receivables within one year +€158,835
up €158,835 (+291.3%), from €54,531 to €213,365
of which Other amounts receivable: +€81,899
- Cash -€102,642
down €102,642 (-69.8%), from €146,960 to €44,319
mainly Receivables within one year (-€158,835) and Contributions, distributions and other (-€125,000)
- Stocks and contracts +€55,949
up €55,949 (+57.5%), from €97,324 to €153,273
- Intangible fixed assets +€4,504
up €4,504 (+129.9%), from €3,466 to €7,970
- Other debts +€125,000
new in 2025: €125,000
- Profit (loss) carried forward -€28,738
down €28,738 (-19.6%), from €146,517 to €117,779
- Trade debts +€21,751
up €21,751 (+534.4%), from €4,070 to €25,821
- Tax, wage and social debts -€13,635
down €13,635 (-26.3%), from €51,755 to €38,120
- Short-term financial debts +€10,000
up €10,000 (+10.0%), from €100,000 to €110,000
- Staff costs -€90,804
no longer reported in 2025 (was €90,804)
- Gross operating margin -€72,717
down €72,717 (-34.0%), from €213,579 to €140,862
- Taxes +€4,290
up €4,290 (+15.0%), from €28,534 to €32,824
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,553 | €436,032 | +€114,479 | +35.6% |
| Fixed assets | 21/28 | €9,191 | €11,830 | +€2,638 | +28.7% |
| Intangible fixed assets | 21 | €3,466 | €7,970 | +€4,504 | +129.9% |
| Tangible fixed assets | 22/27 | €5,725 | €3,110 | -€2,616 | -45.7% |
| Plant, machinery and equipment | 23 | €1,839 | €1,180 | -€660 | -35.9% |
| Furniture and vehicles | 24 | €3,886 | €1,930 | -€1,956 | -50.3% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €312,361 | €424,202 | +€111,841 | +35.8% |
| Stocks and contracts in progress | 3 | €97,324 | €153,273 | +€55,949 | +57.5% |
| Stocks | 30/36 | €97,324 | €153,273 | +€55,949 | +57.5% |
| Amounts receivable within one year | 40/41 | €54,531 | €213,365 | +€158,835 | +291.3% |
| Trade receivables | 40 | €54,531 | €131,467 | +€76,936 | +141.1% |
| Other amounts receivable | 41 | - | €81,899 | +€81,899 | |
| Cash at bank and in hand | 54/58 | €146,960 | €44,319 | -€102,642 | -69.8% |
| Deferred charges and accrued income | 490/1 | €13,546 | €13,245 | -€300 | -2.2% |
| Total equity and liabilities | 10/49 | €321,553 | €436,032 | +€114,479 | +35.6% |
| Equity | 10/15 | €165,067 | €136,329 | -€28,738 | -17.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,517 | €117,779 | -€28,738 | -19.6% |
| Amounts payable | 17/49 | €156,485 | €299,703 | +€143,218 | +91.5% |
| Amounts payable within one year | 42/48 | €155,825 | €298,941 | +€143,116 | +91.8% |
| Financial debts | 43 | €100,000 | €110,000 | +€10,000 | +10.0% |
| Credit institutions | 430/8 | €100,000 | €110,000 | +€10,000 | +10.0% |
| Trade debts | 44 | €4,070 | €25,821 | +€21,751 | +534.4% |
| Suppliers | 440/4 | €4,070 | €25,821 | +€21,751 | +534.4% |
| Taxes, remuneration and social security | 45 | €51,755 | €38,120 | -€13,635 | -26.3% |
| Taxes | 450/3 | €51,755 | €38,120 | -€13,635 | -26.3% |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Accrued charges and deferred income | 492/3 | €660 | €762 | +€101 | +15.4% |
| Remuneration, social security and pensions | 62 | €90,804 | - | -€90,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,432 | €4,043 | -€389 | -8.8% |
| Other operating charges | 640/8 | €126 | €532 | +€406 | +322.5% |
| Gross operating margin | 9900 | €213,579 | €140,862 | -€72,717 | -34.0% |
| Operating profit (loss) | 9901 | €118,216 | €136,286 | +€18,070 | +15.3% |
| Financial income | 75/76B | - | €404 | +€404 | |
| Recurring financial income | 75 | - | €404 | +€404 | |
| Financial charges | 65/66B | €8,396 | €7,604 | -€791 | -9.4% |
| Recurring financial charges | 65 | €8,396 | €7,604 | -€791 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €109,821 | €129,086 | +€19,265 | +17.5% |
| Income taxes | 67/77 | €28,534 | €32,824 | +€4,290 | +15.0% |
| Profit (loss) for the period | 9904 | €81,287 | €96,262 | +€14,975 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,287 | €96,262 | +€14,975 | +18.4% |
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.