T & O 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.
T & O BIKES
Largest movements
- Stocks and contracts -€177,720
down €177,720 (-20.6%), from €864,483 to €686,763
- Cash -€111,112
down €111,112 (-53.5%), from €207,665 to €96,554
mainly Current portion of long-term debt (-€148,396) and Net result for the year (-€138,273)
- Tangible fixed assets -€22,285
down €22,285 (-15.9%), from €140,427 to €118,142
of which Plant, machinery and equipment: -€23,181
- Receivables within one year +€15,370
up €15,370 (+24.1%), from €63,900 to €79,270
of which Other amounts receivable: +€18,047
- Current portion of long-term debt -€148,396
down €148,396 (-32.3%), from €458,869 to €310,474
- Reserves -€138,273
down €138,273 (-25.4%), from €545,393 to €407,120
- Trade debts +€67,051
up €67,051 (+132%), from €50,655 to €117,706
- Debts after one year -€60,474
down €60,474 (-42.2%), from €143,283 to €82,809
- Short-term financial debts -€15,835
down €15,835 (-75.7%), from €20,910 to €5,075
- Gross operating margin -€244,959
down €244,959 (-39.9%), from €614,564 to €369,605
- Write-downs -€48,782
down €48,782, from €24,391 to -€24,391
- Taxes -€19,575
down €19,575 (-100%), from €19,575 to €0
- Financial charges -€16,639
down €16,639 (-34.1%), from €48,794 to €32,155
- Staff costs +€9,385
up €9,385 (+2.1%), from €437,818 to €447,204
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 | €1,353,197 | €1,047,247 | -€305,950 | -22.6% |
| Fixed assets | 21/28 | €205,597 | €174,312 | -€31,285 | -15.2% |
| Intangible fixed assets | 21 | €65,170 | €56,170 | -€9,000 | -13.8% |
| Tangible fixed assets | 22/27 | €140,427 | €118,142 | -€22,285 | -15.9% |
| Plant, machinery and equipment | 23 | €64,443 | €41,262 | -€23,181 | -36.0% |
| Furniture and vehicles | 24 | €942 | €10,765 | +€9,824 | +1,043% |
| Other tangible fixed assets | 26 | €75,043 | €66,114 | -€8,928 | -11.9% |
| Current assets | 29/58 | €1,147,600 | €872,935 | -€274,665 | -23.9% |
| Stocks and contracts in progress | 3 | €864,483 | €686,763 | -€177,720 | -20.6% |
| Stocks | 30/36 | €864,483 | €686,763 | -€177,720 | -20.6% |
| Amounts receivable within one year | 40/41 | €63,900 | €79,270 | +€15,370 | +24.1% |
| Trade receivables | 40 | €60,435 | €57,758 | -€2,677 | -4.4% |
| Other amounts receivable | 41 | €3,466 | €21,513 | +€18,047 | +521% |
| Cash at bank and in hand | 54/58 | €207,665 | €96,554 | -€111,112 | -53.5% |
| Deferred charges and accrued income | 490/1 | €11,552 | €10,348 | -€1,203 | -10.4% |
| Total equity and liabilities | 10/49 | €1,353,197 | €1,047,247 | -€305,950 | -22.6% |
| Equity | 10/15 | €563,993 | €425,720 | -€138,273 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €545,393 | €407,120 | -€138,273 | -25.4% |
| Distributable reserves | 133 | €545,393 | €407,120 | -€138,273 | -25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €789,204 | €621,527 | -€167,677 | -21.2% |
| Amounts payable after more than one year | 17 | €143,283 | €82,809 | -€60,474 | -42.2% |
| Financial debts | 170/4 | €143,283 | €82,809 | -€60,474 | -42.2% |
| Amounts payable within one year | 42/48 | €640,542 | €537,275 | -€103,267 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €458,869 | €310,474 | -€148,396 | -32.3% |
| Financial debts | 43 | €20,910 | €5,075 | -€15,835 | -75.7% |
| Credit institutions | 430/8 | €20,910 | €5,075 | -€15,835 | -75.7% |
| Trade debts | 44 | €50,655 | €117,706 | +€67,051 | +132% |
| Suppliers | 440/4 | €50,655 | €117,706 | +€67,051 | +132% |
| Taxes, remuneration and social security | 45 | €71,590 | €65,503 | -€6,087 | -8.5% |
| Taxes | 450/3 | €36,602 | €18,978 | -€17,624 | -48.2% |
| Remuneration and social security | 454/9 | €34,988 | €46,525 | +€11,537 | +33.0% |
| Other amounts payable | 47/48 | €38,517 | €38,517 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,379 | €1,443 | -€3,936 | -73.2% |
| Remuneration, social security and pensions | 62 | €437,818 | €447,204 | +€9,385 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,902 | €48,758 | +€4,856 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,391 | -€24,391 | -€48,782 | |
| Other operating charges | 640/8 | €9,351 | €9,613 | +€263 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €614,564 | €369,605 | -€244,959 | -39.9% |
| Operating profit (loss) | 9901 | €99,102 | -€111,579 | -€210,681 | |
| Financial income | 75/76B | €10,038 | €5,462 | -€4,576 | -45.6% |
| Recurring financial income | 75 | €10,038 | €5,462 | -€4,576 | -45.6% |
| Financial charges | 65/66B | €48,794 | €32,155 | -€16,639 | -34.1% |
| Recurring financial charges | 65 | €48,794 | €32,155 | -€16,639 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €60,345 | -€138,273 | -€198,618 | |
| Income taxes | 67/77 | €19,575 | €0 | -€19,575 | -100% |
| Profit (loss) for the period | 9904 | €40,771 | -€138,273 | -€179,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,771 | -€138,273 | -€179,044 |
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 21 October 2026 via checked.be.