Verva 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.
Verva Bikes
Largest movements
- Stocks and contracts +€62,496
up €62,496 (+17.3%), from €360,396 to €422,892
- Cash +€23,221
up €23,221 (+140%), from €16,600 to €39,821
mainly Short-term financial debts (+€155,080) and Net result for the year (+€57,064)
- Tangible fixed assets +€17,564
up €17,564 (+432%), from €4,066 to €21,629
of which Furniture and vehicles: +€14,059
- Receivables within one year +€13,475
up €13,475 (+37.4%), from €36,069 to €49,544
of which Other amounts receivable: +€32,953
- Short-term financial debts +€155,080
new in 2025: €155,080
- Reserves +€57,064
up €57,064 (+36.9%), from €154,700 to €211,763
- Current portion of long-term debt -€40,000
down €40,000 (-100%), from €40,000 to €0
- Other debts -€26,847
down €26,847 (-100%), from €26,847 to €0
- Trade debts -€23,283
down €23,283 (-23.4%), from €99,368 to €76,085
- Staff costs +€91,852
up €91,852 (+99.7%), from €92,145 to €183,997
- Other operating charges +€82,830
up €82,830 (+5,228%), from €1,584 to €84,414
- Gross operating margin +€78,806
up €78,806 (+25.7%), from €306,313 to €385,119
- Financial charges +€9,500
up €9,500 (+233%), from €4,086 to €13,586
- Financial income +€6,908
up €6,908 (+327%), from €2,113 to €9,021
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 | €419,808 | €540,087 | +€120,280 | +28.7% |
| Fixed assets | 21/28 | €4,066 | €21,629 | +€17,564 | +432% |
| Tangible fixed assets | 22/27 | €4,066 | €21,629 | +€17,564 | +432% |
| Plant, machinery and equipment | 23 | €4,066 | €2,897 | -€1,169 | -28.7% |
| Furniture and vehicles | 24 | - | €14,059 | +€14,059 | |
| Other tangible fixed assets | 26 | - | €4,674 | +€4,674 | |
| Current assets | 29/58 | €415,742 | €518,458 | +€102,716 | +24.7% |
| Stocks and contracts in progress | 3 | €360,396 | €422,892 | +€62,496 | +17.3% |
| Stocks | 30/36 | €360,396 | €422,892 | +€62,496 | +17.3% |
| Amounts receivable within one year | 40/41 | €36,069 | €49,544 | +€13,475 | +37.4% |
| Trade receivables | 40 | €36,069 | €16,591 | -€19,478 | -54.0% |
| Other amounts receivable | 41 | - | €32,953 | +€32,953 | |
| Cash at bank and in hand | 54/58 | €16,600 | €39,821 | +€23,221 | +140% |
| Deferred charges and accrued income | 490/1 | €2,677 | €6,201 | +€3,524 | +132% |
| Total equity and liabilities | 10/49 | €419,808 | €540,087 | +€120,280 | +28.7% |
| Equity | 10/15 | €169,700 | €226,763 | +€57,064 | +33.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €154,700 | €211,763 | +€57,064 | +36.9% |
| Distributable reserves | 133 | €154,700 | €211,763 | +€57,064 | +36.9% |
| Amounts payable | 17/49 | €250,108 | €313,324 | +€63,216 | +25.3% |
| Amounts payable within one year | 42/48 | €250,108 | €313,307 | +€63,199 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €0 | -€40,000 | -100% |
| Financial debts | 43 | - | €155,080 | +€155,080 | |
| Credit institutions | 430/8 | - | €155,080 | +€155,080 | |
| Trade debts | 44 | €99,368 | €76,085 | -€23,283 | -23.4% |
| Suppliers | 440/4 | €99,368 | €76,085 | -€23,283 | -23.4% |
| Advances received on contracts in progress | 46 | €5,200 | €12,242 | +€7,042 | +135% |
| Taxes, remuneration and social security | 45 | €78,692 | €69,899 | -€8,793 | -11.2% |
| Taxes | 450/3 | €65,033 | €44,905 | -€20,128 | -30.9% |
| Remuneration and social security | 454/9 | €13,660 | €24,994 | +€11,334 | +83.0% |
| Other amounts payable | 47/48 | €26,847 | €0 | -€26,847 | -100% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €92,145 | €183,997 | +€91,852 | +99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,600 | €3,402 | +€802 | +30.8% |
| Other operating charges | 640/8 | €1,584 | €84,414 | +€82,830 | +5,228% |
| Gross operating margin | 9900 | €306,313 | €385,119 | +€78,806 | +25.7% |
| Operating profit (loss) | 9901 | €209,983 | €113,306 | -€96,677 | -46.0% |
| Financial income | 75/76B | €2,113 | €9,021 | +€6,908 | +327% |
| Recurring financial income | 75 | €2,113 | €9,021 | +€6,908 | +327% |
| Financial charges | 65/66B | €4,086 | €13,586 | +€9,500 | +233% |
| Recurring financial charges | 65 | €4,086 | €13,586 | +€9,500 | +233% |
| Profit (loss) for the period before taxes | 9903 | €208,010 | €108,741 | -€99,270 | -47.7% |
| Income taxes | 67/77 | €53,311 | €51,677 | -€1,633 | -3.1% |
| Profit (loss) for the period | 9904 | €154,700 | €57,064 | -€97,636 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,700 | €57,064 | -€97,636 | -63.1% |
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 14 October 2026 via checked.be.