TEAM 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.
TEAM BIKES
Largest movements
- Stocks and contracts +€83,193
up €83,193 (+24.0%), from €346,440 to €429,633
- Cash +€57,012
up €57,012 (+3774.0%), from €1,511 to €58,523
mainly Net result for the year (+€80,860) and Tax, wage and social debts (+€28,230)
- Tangible fixed assets -€10,600
down €10,600 (-24.6%), from €43,035 to €32,435
of which Furniture and vehicles: -€11,665
- Receivables within one year +€6,841
up €6,841 (+63.5%), from €10,771 to €17,612
of which Trade receivables: +€6,847
- Reserves +€80,860
up €80,860 (+173.1%), from €46,702 to €127,563
- Tax, wage and social debts +€28,230
up €28,230 (+250.7%), from €11,262 to €39,491
of which Taxes: +€30,446
- Other debts +€19,861
up €19,861 (+5.9%), from €334,006 to €353,868
- Trade debts +€7,956
up €7,956 (+123.6%), from €6,437 to €14,393
- Gross operating margin +€77,171
up €77,171 (+188.8%), from €40,879 to €118,050
- Taxes +€17,579
up €17,579 (+606.9%), from €2,897 to €20,475
- Staff costs -€14,203
down €14,203 (-72.4%), from €19,607 to €5,404
- Financial income -€1,452
down €1,452 (-28.7%), from €5,059 to €3,607
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 | €403,407 | €540,347 | +€136,939 | +33.9% |
| Fixed assets | 21/28 | €43,035 | €32,435 | -€10,600 | -24.6% |
| Tangible fixed assets | 22/27 | €43,035 | €32,435 | -€10,600 | -24.6% |
| Plant, machinery and equipment | 23 | €3,521 | €2,785 | -€737 | -20.9% |
| Furniture and vehicles | 24 | €36,320 | €24,655 | -€11,665 | -32.1% |
| Other tangible fixed assets | 26 | €3,194 | €4,995 | +€1,801 | +56.4% |
| Current assets | 29/58 | €360,372 | €507,912 | +€147,539 | +40.9% |
| Stocks and contracts in progress | 3 | €346,440 | €429,633 | +€83,193 | +24.0% |
| Stocks | 30/36 | €346,440 | €429,633 | +€83,193 | +24.0% |
| Amounts receivable within one year | 40/41 | €10,771 | €17,612 | +€6,841 | +63.5% |
| Trade receivables | 40 | €10,764 | €17,611 | +€6,847 | +63.6% |
| Other amounts receivable | 41 | €7 | €1 | -€6 | -86.2% |
| Cash at bank and in hand | 54/58 | €1,511 | €58,523 | +€57,012 | +3774.0% |
| Deferred charges and accrued income | 490/1 | €1,650 | €2,143 | +€492 | +29.8% |
| Total equity and liabilities | 10/49 | €403,407 | €540,347 | +€136,939 | +33.9% |
| Equity | 10/15 | €51,702 | €132,563 | +€80,860 | +156.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,702 | €127,563 | +€80,860 | +173.1% |
| Distributable reserves | 133 | €46,702 | €127,563 | +€80,860 | +173.1% |
| Amounts payable | 17/49 | €351,705 | €407,784 | +€56,079 | +15.9% |
| Amounts payable within one year | 42/48 | €351,705 | €407,752 | +€56,047 | +15.9% |
| Trade debts | 44 | €6,437 | €14,393 | +€7,956 | +123.6% |
| Suppliers | 440/4 | €6,437 | €14,393 | +€7,956 | +123.6% |
| Taxes, remuneration and social security | 45 | €11,262 | €39,491 | +€28,230 | +250.7% |
| Taxes | 450/3 | €8,800 | €39,247 | +€30,446 | +346.0% |
| Remuneration and social security | 454/9 | €2,461 | €245 | -€2,216 | -90.1% |
| Other amounts payable | 47/48 | €334,006 | €353,868 | +€19,861 | +5.9% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Remuneration, social security and pensions | 62 | €19,607 | €5,404 | -€14,203 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,321 | €13,315 | -€6 | 0.0% |
| Other operating charges | 640/8 | €1,026 | €1,350 | +€324 | +31.6% |
| Gross operating margin | 9900 | €40,879 | €118,050 | +€77,171 | +188.8% |
| Operating profit (loss) | 9901 | €6,925 | €97,981 | +€91,056 | +1314.9% |
| Financial income | 75/76B | €5,059 | €3,607 | -€1,452 | -28.7% |
| Recurring financial income | 75 | €5,059 | €3,607 | -€1,452 | -28.7% |
| Financial charges | 65/66B | €723 | €252 | -€471 | -65.1% |
| Recurring financial charges | 65 | €723 | €252 | -€471 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €11,261 | €101,336 | +€90,075 | +799.9% |
| Income taxes | 67/77 | €2,897 | €20,475 | +€17,579 | +606.9% |
| Profit (loss) for the period | 9904 | €8,364 | €80,860 | +€72,496 | +866.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,364 | €80,860 | +€72,496 | +866.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.