WESTBIKES: 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.
WESTBIKES
Largest movements
- Tangible fixed assets -€4,883
down €4,883 (-1.4%), from €339,530 to €334,647
of which Land and buildings: -€14,969
- Debts after one year -€22,809
down €22,809 (-9.9%), from €230,111 to €207,302
- Profit (loss) carried forward +€16,842
up €16,842 (+245.9%), from €6,850 to €23,692
- Tax, wage and social debts +€5,618
up €5,618 (+174.3%), from €3,223 to €8,840
of which Taxes: +€6,618
- Gross operating margin -€36,333
down €36,333 (-39.7%), from €91,568 to €55,235
- Staff costs -€13,807
down €13,807 (-93.7%), from €14,732 to €925
- Depreciation -€6,661
down €6,661 (-21.2%), from €31,439 to €24,778
- Taxes +€3,387
new in 2025: €3,387
- Financial charges -€1,201
down €1,201 (-23.2%), from €5,165 to €3,964
of which Financial charges: -€1,597
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 | €377,123 | €374,154 | -€2,969 | -0.8% |
| Fixed assets | 21/28 | €339,620 | €334,737 | -€4,883 | -1.4% |
| Tangible fixed assets | 22/27 | €339,530 | €334,647 | -€4,883 | -1.4% |
| Land and buildings | 22 | €314,339 | €299,371 | -€14,969 | -4.8% |
| Plant, machinery and equipment | 23 | €25,191 | €35,276 | +€10,085 | +40.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €37,503 | €39,417 | +€1,914 | +5.1% |
| Amounts receivable within one year | 40/41 | €2,033 | €1,922 | -€111 | -5.4% |
| Other amounts receivable | 41 | €2,033 | €1,922 | -€111 | -5.4% |
| Cash at bank and in hand | 54/58 | €35,470 | €37,495 | +€2,025 | +5.7% |
| Total equity and liabilities | 10/49 | €377,123 | €374,154 | -€2,969 | -0.8% |
| Equity | 10/15 | €28,814 | €45,655 | +€16,842 | +58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,363 | €3,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,948 | €1,948 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,948 | €1,948 | = | 0.0% |
| Distributable reserves | 133 | €1,416 | €1,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,850 | €23,692 | +€16,842 | +245.9% |
| Amounts payable | 17/49 | €348,310 | €328,498 | -€19,811 | -5.7% |
| Amounts payable after more than one year | 17 | €230,111 | €207,302 | -€22,809 | -9.9% |
| Financial debts | 170/4 | €230,111 | €207,302 | -€22,809 | -9.9% |
| Amounts payable within one year | 42/48 | €118,062 | €121,196 | +€3,134 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €22,492 | €22,809 | +€317 | +1.4% |
| Trade debts | 44 | €5,105 | €1,530 | -€3,575 | -70.0% |
| Suppliers | 440/4 | €5,105 | €1,530 | -€3,575 | -70.0% |
| Taxes, remuneration and social security | 45 | €3,223 | €8,840 | +€5,618 | +174.3% |
| Taxes | 450/3 | €2,223 | €8,840 | +€6,618 | +297.7% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €87,242 | €88,016 | +€775 | +0.9% |
| Accrued charges and deferred income | 492/3 | €136 | - | -€136 | |
| Non-recurring operating income | 76A | €3,400 | - | -€3,400 | |
| Remuneration, social security and pensions | 62 | €14,732 | €925 | -€13,807 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,439 | €24,778 | -€6,661 | -21.2% |
| Other operating charges | 640/8 | €6,180 | €4,984 | -€1,196 | -19.3% |
| Non-recurring operating charges | 66A | €229 | €354 | +€125 | +54.5% |
| Gross operating margin | 9900 | €91,568 | €55,235 | -€36,333 | -39.7% |
| Operating profit (loss) | 9901 | €38,989 | €24,194 | -€14,795 | -37.9% |
| Financial charges | 65/66B | €5,165 | €3,964 | -€1,201 | -23.2% |
| Recurring financial charges | 65 | €5,149 | €3,552 | -€1,597 | -31.0% |
| Non-recurring financial charges | 66B | €16 | €412 | +€396 | +2454.7% |
| Profit (loss) for the period before taxes | 9903 | €33,823 | €20,229 | -€13,594 | -40.2% |
| Income taxes | 67/77 | - | €3,387 | +€3,387 | |
| Profit (loss) for the period | 9904 | €33,823 | €16,842 | -€16,982 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,823 | €16,842 | -€16,982 | -50.2% |
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 6 October 2026 via checked.be.