Trek Bicycle: what changed
Trek Bicycle
Largest movements
- Receivables within one year -€764,446
down €764,446 (-87.8%), from €870,971 to €106,525
of which Other amounts receivable: -€639,645
- Cash +€407,405
up €407,405 (+553%), from €73,703 to €481,108
mainly Receivables within one year (+€764,446) and Other debts (+€622,436)
- Tangible fixed assets +€136,617
up €136,617 (+104%), from €131,541 to €268,159
of which Furniture and vehicles: +€126,929
- Stocks and contracts -€55,719
down €55,719 (-5.3%), from €1.1m to €998,012
- Trade debts -€969,949
down €969,949 (-88.8%), from €1.1m to €122,241
- Other debts +€622,436
new in 2025: €622,436
- Profit (loss) carried forward +€104,888
up €104,888 (+12.4%), from €846,425 to €951,313
- Tax, wage and social debts -€78,275
down €78,275 (-49.7%), from €157,572 to €79,297
of which Remuneration and social security: -€70,166
- Turnover -€4.0m
no longer reported in 2025 (was €4.0m)
- Purchases and services -€2.9m
no longer reported in 2025 (was €2.9m)
- Staff costs +€63,749
up €63,749 (+8.9%), from €714,299 to €778,048
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,236,514 | €1,933,824 | -€302,690 | -13.5% |
| Fixed assets | 21/28 | €205,894 | €324,711 | +€118,817 | +57.7% |
| Intangible fixed assets | 21 | €52,357 | €37,357 | -€15,000 | -28.6% |
| Tangible fixed assets | 22/27 | €131,541 | €268,159 | +€136,617 | +104% |
| Plant, machinery and equipment | 23 | €7,164 | €4,979 | -€2,186 | -30.5% |
| Furniture and vehicles | 24 | €85,508 | €212,437 | +€126,929 | +148% |
| Other tangible fixed assets | 26 | €38,869 | €50,743 | +€11,874 | +30.5% |
| Financial fixed assets | 28 | €21,996 | €19,195 | -€2,800 | -12.7% |
| Current assets | 29/58 | €2,030,620 | €1,609,113 | -€421,507 | -20.8% |
| Stocks and contracts in progress | 3 | €1,053,731 | €998,012 | -€55,719 | -5.3% |
| Stocks | 30/36 | €1,053,731 | €998,012 | -€55,719 | -5.3% |
| Amounts receivable within one year | 40/41 | €870,971 | €106,525 | -€764,446 | -87.8% |
| Trade receivables | 40 | €161,940 | €37,139 | -€124,801 | -77.1% |
| Other amounts receivable | 41 | €709,031 | €69,386 | -€639,645 | -90.2% |
| Cash at bank and in hand | 54/58 | €73,703 | €481,108 | +€407,405 | +553% |
| Deferred charges and accrued income | 490/1 | €32,215 | €23,468 | -€8,747 | -27.2% |
| Total equity and liabilities | 10/49 | €2,236,514 | €1,933,824 | -€302,690 | -13.5% |
| Equity | 10/15 | €946,425 | €1,051,313 | +€104,888 | +11.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €846,425 | €951,313 | +€104,888 | +12.4% |
| Amounts payable | 17/49 | €1,290,089 | €882,511 | -€407,577 | -31.6% |
| Amounts payable within one year | 42/48 | €1,290,089 | €882,511 | -€407,577 | -31.6% |
| Trade debts | 44 | €1,092,191 | €122,241 | -€969,949 | -88.8% |
| Suppliers | 440/4 | €1,092,191 | €122,241 | -€969,949 | -88.8% |
| Advances received on contracts in progress | 46 | €40,326 | €58,537 | +€18,211 | +45.2% |
| Taxes, remuneration and social security | 45 | €157,572 | €79,297 | -€78,275 | -49.7% |
| Taxes | 450/3 | €33,316 | €25,206 | -€8,109 | -24.3% |
| Remuneration and social security | 454/9 | €124,256 | €54,091 | -€70,166 | -56.5% |
| Other amounts payable | 47/48 | - | €622,436 | +€622,436 | |
| Turnover | 70 | €3,975,236 | - | -€4.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,915,214 | - | -€2.9m | |
| Remuneration, social security and pensions | 62 | €714,299 | €778,048 | +€63,749 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,781 | €61,888 | -€7,893 | -11.3% |
| Other operating charges | 640/8 | €5,489 | €15,247 | +€9,757 | +178% |
| Gross operating margin | 9900 | €1,060,150 | €1,051,740 | -€8,410 | -0.8% |
| Operating profit (loss) | 9901 | €270,581 | €196,557 | -€74,023 | -27.4% |
| Financial income | 75/76B | €13,712 | €13,495 | -€216 | -1.6% |
| Recurring financial income | 75 | €13,712 | €13,495 | -€216 | -1.6% |
| Financial charges | 65/66B | €29,069 | €32,016 | +€2,947 | +10.1% |
| Recurring financial charges | 65 | €29,069 | €32,016 | +€2,947 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €255,223 | €178,036 | -€77,187 | -30.2% |
| Income taxes | 67/77 | €70,000 | €73,149 | +€3,149 | +4.5% |
| Profit (loss) for the period | 9904 | €185,223 | €104,888 | -€80,335 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €185,223 | €104,888 | -€80,335 | -43.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.