Vbike Solution: 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.
Vbike Solution
Largest movements
- Tangible fixed assets -€11,045
down €11,045 (-19.9%), from €55,598 to €44,554
- Stocks and contracts +€4,699
up €4,699 (+8.6%), from €54,584 to €59,284
- Cash -€3,102
down €3,102 (-15.0%), from €20,615 to €17,513
mainly Debts after one year (-€24,267) and Stocks and contracts (-€4,699)
- Receivables within one year +€2,876
up €2,876 (+633.5%), from €454 to €3,330
of which Other amounts receivable: +€1,733
- Deferred charges and accrued income -€2,667
down €2,667 (-33.8%), from €7,899 to €5,232
- Debts after one year -€24,267
down €24,267 (-42.3%), from €57,371 to €33,104
of which Financial debts: -€24,267
- Trade debts +€6,924
up €6,924 (+34.9%), from €19,825 to €26,749
- Tax, wage and social debts +€4,337
up €4,337 (+39.9%), from €10,865 to €15,202
of which Remuneration and social security: +€3,500
- Other debts +€2,134
up €2,134 (+6.2%), from €34,694 to €36,828
- Depreciation -€2,754
down €2,754 (-19.1%), from €14,454 to €11,699
- Gross operating margin -€2,574
down €2,574 (-12.9%), from €19,898 to €17,324
- Financial charges +€657
up €657 (+19.1%), from €3,441 to €4,099
- Other operating charges +€528
up €528 (+67.5%), from €782 to €1,310
- Financial income -€213
down €213 (-31.8%), from €669 to €457
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 | €139,151 | €129,912 | -€9,239 | -6.6% |
| Fixed assets | 21/28 | €55,598 | €44,554 | -€11,045 | -19.9% |
| Tangible fixed assets | 22/27 | €55,598 | €44,554 | -€11,045 | -19.9% |
| Plant, machinery and equipment | 23 | €15,831 | €10,625 | -€5,206 | -32.9% |
| Furniture and vehicles | 24 | €6,223 | €6,088 | -€136 | -2.2% |
| Leasing and similar rights | 25 | €8,637 | €4,857 | -€3,780 | -43.8% |
| Other tangible fixed assets | 26 | €24,907 | €22,984 | -€1,923 | -7.7% |
| Current assets | 29/58 | €83,552 | €85,358 | +€1,806 | +2.2% |
| Stocks and contracts in progress | 3 | €54,584 | €59,284 | +€4,699 | +8.6% |
| Stocks | 30/36 | €54,584 | €59,284 | +€4,699 | +8.6% |
| Amounts receivable within one year | 40/41 | €454 | €3,330 | +€2,876 | +633.5% |
| Trade receivables | 40 | €359 | €1,502 | +€1,143 | +318.5% |
| Other amounts receivable | 41 | €95 | €1,828 | +€1,733 | +1822.6% |
| Cash at bank and in hand | 54/58 | €20,615 | €17,513 | -€3,102 | -15.0% |
| Deferred charges and accrued income | 490/1 | €7,899 | €5,232 | -€2,667 | -33.8% |
| Total equity and liabilities | 10/49 | €139,151 | €129,912 | -€9,239 | -6.6% |
| Equity | 10/15 | -€6,858 | -€6,239 | +€619 | +9.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,858 | -€9,239 | +€619 | +6.3% |
| Amounts payable | 17/49 | €146,009 | €136,151 | -€9,858 | -6.8% |
| Amounts payable after more than one year | 17 | €57,371 | €33,104 | -€24,267 | -42.3% |
| Financial debts | 170/4 | €47,771 | €23,504 | -€24,267 | -50.8% |
| Other amounts payable | 178/9 | €9,600 | €9,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,637 | €103,046 | +€14,409 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €23,253 | €24,267 | +€1,014 | +4.4% |
| Trade debts | 44 | €19,825 | €26,749 | +€6,924 | +34.9% |
| Suppliers | 440/4 | €19,825 | €26,749 | +€6,924 | +34.9% |
| Taxes, remuneration and social security | 45 | €10,865 | €15,202 | +€4,337 | +39.9% |
| Taxes | 450/3 | €10,865 | €11,702 | +€837 | +7.7% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €34,694 | €36,828 | +€2,134 | +6.2% |
| Non-recurring operating income | 76A | €331 | €5,749 | +€5,418 | +1636.8% |
| Remuneration, social security and pensions | 62 | €197 | €0 | -€197 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,454 | €11,699 | -€2,754 | -19.1% |
| Other operating charges | 640/8 | €782 | €1,310 | +€528 | +67.5% |
| Gross operating margin | 9900 | €19,898 | €17,324 | -€2,574 | -12.9% |
| Operating profit (loss) | 9901 | €4,466 | €4,316 | -€151 | -3.4% |
| Financial income | 75/76B | €669 | €457 | -€213 | -31.8% |
| Recurring financial income | 75 | €669 | €457 | -€213 | -31.8% |
| Financial charges | 65/66B | €3,441 | €4,099 | +€657 | +19.1% |
| Recurring financial charges | 65 | €3,441 | €4,099 | +€657 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €1,694 | €673 | -€1,021 | -60.3% |
| Income taxes | 67/77 | - | €54 | +€54 | |
| Profit (loss) for the period | 9904 | €1,694 | €619 | -€1,075 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,694 | €619 | -€1,075 | -63.4% |
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.