QUALITY 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.
QUALITY BIKES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€61,525
down €61,525 (-6.4%), from €958,178 to €896,652
of which Financial debts: -€56,870
- Gross operating margin -€12,937
down €12,937 (-47.2%), from €27,404 to €14,466
- Depreciation -€4,567
down €4,567 (-100.0%), from €4,567 to €0
- Financial charges -€2,269
down €2,269 (-28.0%), from €8,115 to €5,846
- Taxes -€1,724
down €1,724 (-92.9%), from €1,855 to €131
- Other operating charges +€777
up €777 (+9.9%), from €7,823 to €8,600
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 | €3,828,826 | €3,794,126 | -€34,700 | -0.9% |
| Fixed assets | 21/28 | €3,778,466 | €3,778,466 | = | 0.0% |
| Tangible fixed assets | 22/27 | €903,650 | €903,650 | = | 0.0% |
| Land and buildings | 22 | €903,650 | €903,650 | = | 0.0% |
| Financial fixed assets | 28 | €2,874,816 | €2,874,816 | = | 0.0% |
| Current assets | 29/58 | €50,360 | €15,660 | -€34,700 | -68.9% |
| Amounts receivable within one year | 40/41 | €50,000 | €15,600 | -€34,400 | -68.8% |
| Trade receivables | 40 | €50,000 | €15,600 | -€34,400 | -68.8% |
| Cash at bank and in hand | 54/58 | €360 | €60 | -€300 | -83.4% |
| Total equity and liabilities | 10/49 | €3,828,826 | €3,794,126 | -€34,700 | -0.9% |
| Equity | 10/15 | €2,723,618 | €2,723,508 | -€110 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €2,295,180 | €2,295,180 | = | 0.0% |
| Reserves | 13 | €291,859 | €291,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,029 | €117,919 | -€110 | -0.1% |
| Amounts payable | 17/49 | €1,105,208 | €1,070,618 | -€34,590 | -3.1% |
| Amounts payable after more than one year | 17 | €958,178 | €896,652 | -€61,525 | -6.4% |
| Financial debts | 170/4 | €130,220 | €73,350 | -€56,870 | -43.7% |
| Other amounts payable | 178/9 | €827,958 | €823,302 | -€4,656 | -0.6% |
| Amounts payable within one year | 42/48 | €147,030 | €166,937 | +€19,907 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €55,308 | €56,870 | +€1,562 | +2.8% |
| Trade debts | 44 | €22,474 | €389 | -€22,084 | -98.3% |
| Suppliers | 440/4 | €22,474 | €389 | -€22,084 | -98.3% |
| Taxes, remuneration and social security | 45 | €23,799 | €37,182 | +€13,383 | +56.2% |
| Taxes | 450/3 | €23,799 | €18,582 | -€5,217 | -21.9% |
| Remuneration and social security | 454/9 | €0 | €18,600 | +€18,600 | |
| Other amounts payable | 47/48 | €45,450 | €72,497 | +€27,047 | +59.5% |
| Accrued charges and deferred income | 492/3 | - | €7,028 | +€7,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,567 | €0 | -€4,567 | -100.0% |
| Other operating charges | 640/8 | €7,823 | €8,600 | +€777 | +9.9% |
| Gross operating margin | 9900 | €27,404 | €14,466 | -€12,937 | -47.2% |
| Operating profit (loss) | 9901 | €15,014 | €5,867 | -€9,147 | -60.9% |
| Financial charges | 65/66B | €8,115 | €5,846 | -€2,269 | -28.0% |
| Recurring financial charges | 65 | €8,115 | €5,846 | -€2,269 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €6,899 | €21 | -€6,878 | -99.7% |
| Income taxes | 67/77 | €1,855 | €131 | -€1,724 | -92.9% |
| Profit (loss) for the period | 9904 | €5,044 | -€110 | -€5,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,044 | -€110 | -€5,154 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.