R.D.S. - BIKES: 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.
R.D.S. - BIKES
Largest movements
- Cash +€21,500
up €21,500 (+20.4%), from €105,456 to €126,956
mainly Net result for the year (+€15,078) and Receivables within one year (+€7,458)
- Receivables within one year -€7,458
down €7,458 (-33.4%), from €22,327 to €14,869
of which Trade receivables: -€8,381
- Reserves +€13,578
up €13,578 (+10.1%), from €134,691 to €148,269
- Gross operating margin -€4,279
down €4,279 (-16.5%), from €26,010 to €21,730
- Financial charges -€1,448
down €1,448 (-60.1%), from €2,408 to €960
- Taxes -€1,167
down €1,167 (-18.7%), from €6,244 to €5,076
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 | €168,289 | €181,194 | +€12,904 | +7.7% |
| Fixed assets | 21/28 | €710 | €1,316 | +€605 | +85.3% |
| Tangible fixed assets | 22/27 | €710 | €1,316 | +€605 | +85.3% |
| Plant, machinery and equipment | 23 | €710 | €1,124 | +€414 | +58.2% |
| Furniture and vehicles | 24 | - | €192 | +€192 | |
| Current assets | 29/58 | €167,579 | €179,878 | +€12,299 | +7.3% |
| Stocks and contracts in progress | 3 | €38,053 | €38,053 | = | 0.0% |
| Stocks | 30/36 | €38,053 | €38,053 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,327 | €14,869 | -€7,458 | -33.4% |
| Trade receivables | 40 | €22,327 | €13,945 | -€8,381 | -37.5% |
| Other amounts receivable | 41 | - | €924 | +€924 | |
| Cash at bank and in hand | 54/58 | €105,456 | €126,956 | +€21,500 | +20.4% |
| Deferred charges and accrued income | 490/1 | €1,744 | €0 | -€1,744 | -100% |
| Total equity and liabilities | 10/49 | €168,289 | €181,194 | +€12,904 | +7.7% |
| Equity | 10/15 | €147,291 | €160,869 | +€13,578 | +9.2% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €134,691 | €148,269 | +€13,578 | +10.1% |
| Distributable reserves | 133 | €134,691 | €148,269 | +€13,578 | +10.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,999 | €20,325 | -€674 | -3.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,999 | €20,325 | -€674 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €872 | €0 | -€872 | -100% |
| Trade debts | 44 | €4,732 | €4,645 | -€87 | -1.8% |
| Suppliers | 440/4 | €4,732 | €4,645 | -€87 | -1.8% |
| Taxes, remuneration and social security | 45 | €4,002 | €4,577 | +€575 | +14.4% |
| Taxes | 450/3 | €4,002 | €4,577 | +€575 | +14.4% |
| Other amounts payable | 47/48 | €11,392 | €11,103 | -€289 | -2.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €937 | -€259 | -21.6% |
| Other operating charges | 640/8 | €714 | €733 | +€20 | +2.8% |
| Gross operating margin | 9900 | €26,010 | €21,730 | -€4,279 | -16.5% |
| Operating profit (loss) | 9901 | €24,101 | €20,060 | -€4,041 | -16.8% |
| Financial income | 75/76B | €1,201 | €1,054 | -€147 | -12.2% |
| Recurring financial income | 75 | €1,201 | €1,054 | -€147 | -12.2% |
| Financial charges | 65/66B | €2,408 | €960 | -€1,448 | -60.1% |
| Recurring financial charges | 65 | €2,408 | €960 | -€1,448 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €22,894 | €20,154 | -€2,739 | -12.0% |
| Income taxes | 67/77 | €6,244 | €5,076 | -€1,167 | -18.7% |
| Profit (loss) for the period | 9904 | €16,650 | €15,078 | -€1,572 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,650 | €15,078 | -€1,572 | -9.4% |
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 28 October 2026 via checked.be.