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.
S-BIKES
Largest movements
- Tangible fixed assets -€155,500
down €155,500 (-4.6%), from €3.4m to €3.3m
of which Land and buildings: -€148,759
- Receivables within one year -€105,477
down €105,477 (-80.7%), from €130,729 to €25,252
of which Trade receivables: -€105,632
- Trade debts -€148,703
down €148,703 (-86.9%), from €171,056 to €22,353
- Debts after one year -€138,245
down €138,245 (-7.2%), from €1.9m to €1.8m
of which Financial debts: -€138,245
- Other debts +€95,454
up €95,454 (+42.3%), from €225,844 to €321,298
- Profit (loss) carried forward -€47,250
down €47,250 (-4.9%), from €960,139 to €912,889
- Gross operating margin +€56,843
up €56,843 (+32.6%), from €174,295 to €231,138
- Other operating charges +€26,795
up €26,795 (+260%), from €10,311 to €37,106
- Depreciation +€20,084
up €20,084 (+14.1%), from €142,394 to €162,478
- Staff costs -€18,798
down €18,798 (-68.2%), from €27,554 to €8,756
- Financial income -€6,648
no longer reported in 2025 (was €6,648)
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 | €3,553,296 | €3,298,167 | -€255,130 | -7.2% |
| Fixed assets | 21/28 | €3,412,027 | €3,256,527 | -€155,500 | -4.6% |
| Tangible fixed assets | 22/27 | €3,412,027 | €3,256,527 | -€155,500 | -4.6% |
| Land and buildings | 22 | €3,396,652 | €3,247,893 | -€148,759 | -4.4% |
| Plant, machinery and equipment | 23 | €7,455 | €8,634 | +€1,179 | +15.8% |
| Leasing and similar rights | 25 | €7,920 | - | -€7,920 | |
| Current assets | 29/58 | €141,269 | €41,639 | -€99,629 | -70.5% |
| Amounts receivable within one year | 40/41 | €130,729 | €25,252 | -€105,477 | -80.7% |
| Trade receivables | 40 | €129,978 | €24,346 | -€105,632 | -81.3% |
| Other amounts receivable | 41 | €751 | €906 | +€155 | +20.6% |
| Cash at bank and in hand | 54/58 | €6,577 | €12,270 | +€5,693 | +86.6% |
| Deferred charges and accrued income | 490/1 | €3,963 | €4,118 | +€155 | +3.9% |
| Total equity and liabilities | 10/49 | €3,553,296 | €3,298,167 | -€255,130 | -7.2% |
| Equity | 10/15 | €1,070,139 | €1,022,889 | -€47,250 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €960,139 | €912,889 | -€47,250 | -4.9% |
| Amounts payable | 17/49 | €2,483,157 | €2,275,277 | -€207,880 | -8.4% |
| Amounts payable after more than one year | 17 | €1,930,824 | €1,792,579 | -€138,245 | -7.2% |
| Financial debts | 170/4 | €1,899,259 | €1,761,014 | -€138,245 | -7.3% |
| Other amounts payable | 178/9 | €31,565 | €31,565 | = | 0.0% |
| Amounts payable within one year | 42/48 | €552,334 | €482,698 | -€69,635 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €141,748 | €138,245 | -€3,504 | -2.5% |
| Trade debts | 44 | €171,056 | €22,353 | -€148,703 | -86.9% |
| Suppliers | 440/4 | €171,056 | €22,353 | -€148,703 | -86.9% |
| Advances received on contracts in progress | 46 | €5,724 | - | -€5,724 | |
| Taxes, remuneration and social security | 45 | €7,962 | €802 | -€7,159 | -89.9% |
| Taxes | 450/3 | €4,425 | €802 | -€3,623 | -81.9% |
| Remuneration and social security | 454/9 | €3,537 | - | -€3,537 | |
| Other amounts payable | 47/48 | €225,844 | €321,298 | +€95,454 | +42.3% |
| Remuneration, social security and pensions | 62 | €27,554 | €8,756 | -€18,798 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,394 | €162,478 | +€20,084 | +14.1% |
| Other operating charges | 640/8 | €10,311 | €37,106 | +€26,795 | +260% |
| Gross operating margin | 9900 | €174,295 | €231,138 | +€56,843 | +32.6% |
| Operating profit (loss) | 9901 | -€5,964 | €22,798 | +€28,762 | |
| Financial income | 75/76B | €6,648 | - | -€6,648 | |
| Recurring financial income | 75 | €6,648 | - | -€6,648 | |
| Financial charges | 65/66B | €71,035 | €70,047 | -€988 | -1.4% |
| Recurring financial charges | 65 | €71,035 | €70,047 | -€988 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€70,352 | -€47,250 | +€23,102 | +32.8% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€70,480 | -€47,250 | +€23,230 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,480 | -€47,250 | +€23,230 | +33.0% |
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 15 October 2026 via checked.be.