RS-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.
RS-Bikes
Largest movements
- Receivables within one year +€76,553
up €76,553 (+1684.7%), from €4,544 to €81,097
- Stocks and contracts +€35,486
up €35,486 (+16.3%), from €217,854 to €253,341
- Tangible fixed assets -€30,679
down €30,679 (-22.1%), from €138,838 to €108,159
of which Furniture and vehicles: -€17,651
- Trade debts +€45,243
up €45,243 (+418.6%), from €10,807 to €56,050
- Short-term financial debts +€33,961
up €33,961 (+37.9%), from €89,696 to €123,657
- Debts after one year -€17,251
down €17,251 (-25.7%), from €67,101 to €49,850
- Advances received +€13,251
up €13,251 (+121.6%), from €10,900 to €24,151
- Other debts +€10,114
up €10,114 (+45.4%), from €22,286 to €32,400
- Gross operating margin -€9,485
down €9,485 (-16.1%), from €58,736 to €49,252
- Staff costs -€5,276
down €5,276 (-100.0%), from €5,276 to €0
- Financial charges +€2,293
up €2,293 (+18.0%), from €12,766 to €15,059
- Taxes -€1,119
down €1,119 (-48.5%), from €2,308 to €1,189
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 | €361,311 | €442,597 | +€81,285 | +22.5% |
| Fixed assets | 21/28 | €138,838 | €108,159 | -€30,679 | -22.1% |
| Tangible fixed assets | 22/27 | €138,838 | €108,159 | -€30,679 | -22.1% |
| Land and buildings | 22 | €5,317 | €4,726 | -€591 | -11.1% |
| Plant, machinery and equipment | 23 | €95,355 | €83,366 | -€11,989 | -12.6% |
| Furniture and vehicles | 24 | €34,480 | €16,829 | -€17,651 | -51.2% |
| Other tangible fixed assets | 26 | €3,686 | €3,238 | -€448 | -12.2% |
| Current assets | 29/58 | €222,473 | €334,438 | +€111,964 | +50.3% |
| Stocks and contracts in progress | 3 | €217,854 | €253,341 | +€35,486 | +16.3% |
| Stocks | 30/36 | €217,854 | €253,341 | +€35,486 | +16.3% |
| Amounts receivable within one year | 40/41 | €4,544 | €81,097 | +€76,553 | +1684.7% |
| Trade receivables | 40 | €4,544 | €81,097 | +€76,553 | +1684.7% |
| Cash at bank and in hand | 54/58 | €75 | €0 | -€75 | -100.0% |
| Total equity and liabilities | 10/49 | €361,311 | €442,597 | +€81,285 | +22.5% |
| Equity | 10/15 | €122,621 | €125,019 | +€2,398 | +2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,621 | €123,019 | +€2,398 | +2.0% |
| Distributable reserves | 133 | €120,621 | €123,019 | +€2,398 | +2.0% |
| Amounts payable | 17/49 | €238,690 | €317,578 | +€78,888 | +33.1% |
| Amounts payable after more than one year | 17 | €67,101 | €49,850 | -€17,251 | -25.7% |
| Financial debts | 170/4 | €67,101 | €49,850 | -€17,251 | -25.7% |
| Amounts payable within one year | 42/48 | €171,590 | €267,728 | +€96,139 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €20,057 | €17,251 | -€2,806 | -14.0% |
| Financial debts | 43 | €89,696 | €123,657 | +€33,961 | +37.9% |
| Credit institutions | 430/8 | €89,696 | €123,657 | +€33,961 | +37.9% |
| Trade debts | 44 | €10,807 | €56,050 | +€45,243 | +418.6% |
| Suppliers | 440/4 | €10,807 | €56,050 | +€45,243 | +418.6% |
| Advances received on contracts in progress | 46 | €10,900 | €24,151 | +€13,251 | +121.6% |
| Taxes, remuneration and social security | 45 | €17,843 | €14,220 | -€3,624 | -20.3% |
| Taxes | 450/3 | €17,843 | €14,220 | -€3,624 | -20.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,286 | €32,400 | +€10,114 | +45.4% |
| Remuneration, social security and pensions | 62 | €5,276 | €0 | -€5,276 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,679 | €30,679 | = | 0.0% |
| Other operating charges | 640/8 | €823 | €441 | -€382 | -46.4% |
| Gross operating margin | 9900 | €58,736 | €49,252 | -€9,485 | -16.1% |
| Operating profit (loss) | 9901 | €21,958 | €18,132 | -€3,826 | -17.4% |
| Financial income | 75/76B | €871 | €514 | -€357 | -41.0% |
| Recurring financial income | 75 | €871 | €514 | -€357 | -41.0% |
| Financial charges | 65/66B | €12,766 | €15,059 | +€2,293 | +18.0% |
| Recurring financial charges | 65 | €12,766 | €15,059 | +€2,293 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €10,062 | €3,587 | -€6,476 | -64.4% |
| Income taxes | 67/77 | €2,308 | €1,189 | -€1,119 | -48.5% |
| Profit (loss) for the period | 9904 | €7,754 | €2,398 | -€5,357 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,754 | €2,398 | -€5,357 | -69.1% |
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 9 October 2026 via checked.be.