TOP CYCLE: what changed
What changed
TOP CYCLE
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
filed annual accounts (NBB)
Net result for the year
€278
2024 · -€56,217+€56,496
Equity
€60,123
2024 · €59,845+€278
Cash
€4,945
2024 · €4,023+€922
Balance sheet total
€608,316
2024 · €657,743-€49,426
Largest movements
Assets
- Tangible fixed assets -€49,268
down €49,268 (-10.9%), from €452,853 to €403,585
of which Land and buildings: -€40,853
- Stocks and contracts -€8,113
down €8,113 (-4.1%), from €199,316 to €191,203
- Receivables within one year +€7,145
up €7,145 (+617%), from €1,159 to €8,304
of which Trade receivables: +€6,501
Equity and liabilities
- Debts after one year -€33,245
down €33,245 (-7.8%), from €428,674 to €395,429
- Trade debts -€28,983
down €28,983 (-61.8%), from €46,917 to €17,934
- Short-term financial debts +€7,453
up €7,453 (+15.6%), from €47,623 to €55,075
Income statement
- Gross operating margin +€47,179
up €47,179 (+233%), from €20,207 to €67,387
- Other operating charges -€5,501
down €5,501 (-47.4%), from €11,613 to €6,112
- Financial charges -€3,320
down €3,320 (-21.1%), from €15,756 to €12,436
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.
Result 2024
-€56,217
Gross operating margin
+€47,179
Depreciation
+€671
Other operating charges
+€5,501
Financial income
-€186
Financial charges
+€3,320
Taxes
+€10
Result 2025
€278
raises the resultlowers the result
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.
From operations
+€23,706
Investment
€0
Financing
-€22,784
Cash 2024
€4,023
From operations (derived)
+€23,706
Net result for the year
+€278
Depreciation
+€49,268
Stocks and contracts
+€8,113
Receivables within one year
-€7,145
Deferred charges and accrued income
+€113
Trade debts
-€28,983
Tax, wage and social debts
+€1,383
Advances received
+€375
Other debts
-€1,111
Accrued charges and deferred income
+€1,415
Financing
-€22,784
Debts after one year
-€33,245
Current portion of long-term debt
+€3,008
Short-term financial debts
+€7,453
Cash 2025
€4,945
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,743 | €608,316 | -€49,426 | -7.5% |
| Fixed assets | 21/28 | €453,028 | €403,760 | -€49,268 | -10.9% |
| Tangible fixed assets | 22/27 | €452,853 | €403,585 | -€49,268 | -10.9% |
| Land and buildings | 22 | €418,216 | €377,363 | -€40,853 | -9.8% |
| Plant, machinery and equipment | 23 | €16,385 | €13,494 | -€2,891 | -17.6% |
| Furniture and vehicles | 24 | €18,253 | €12,729 | -€5,524 | -30.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €204,714 | €204,556 | -€158 | -0.1% |
| Stocks and contracts in progress | 3 | €199,316 | €191,203 | -€8,113 | -4.1% |
| Stocks | 30/36 | €199,316 | €191,203 | -€8,113 | -4.1% |
| Amounts receivable within one year | 40/41 | €1,159 | €8,304 | +€7,145 | +617% |
| Trade receivables | 40 | €1,159 | €7,660 | +€6,501 | +561% |
| Other amounts receivable | 41 | - | €645 | +€645 | |
| Cash at bank and in hand | 54/58 | €4,023 | €4,945 | +€922 | +22.9% |
| Deferred charges and accrued income | 490/1 | €217 | €104 | -€113 | -52.2% |
| Total equity and liabilities | 10/49 | €657,743 | €608,316 | -€49,426 | -7.5% |
| Equity | 10/15 | €59,845 | €60,123 | +€278 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,675 | €3,675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,815 | €1,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,969 | €50,247 | +€278 | +0.6% |
| Amounts payable | 17/49 | €597,898 | €548,194 | -€49,704 | -8.3% |
| Amounts payable after more than one year | 17 | €428,674 | €395,429 | -€33,245 | -7.8% |
| Financial debts | 170/4 | €428,674 | €395,429 | -€33,245 | -7.8% |
| Amounts payable within one year | 42/48 | €169,224 | €151,349 | -€17,875 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €32,459 | €35,467 | +€3,008 | +9.3% |
| Financial debts | 43 | €47,623 | €55,075 | +€7,453 | +15.6% |
| Credit institutions | 430/8 | €47,623 | €55,075 | +€7,453 | +15.6% |
| Trade debts | 44 | €46,917 | €17,934 | -€28,983 | -61.8% |
| Suppliers | 440/4 | €46,917 | €17,934 | -€28,983 | -61.8% |
| Advances received on contracts in progress | 46 | €34,735 | €35,110 | +€375 | +1.1% |
| Taxes, remuneration and social security | 45 | €1,991 | €3,374 | +€1,383 | +69.5% |
| Taxes | 450/3 | €1,991 | €3,374 | +€1,383 | +69.5% |
| Other amounts payable | 47/48 | €5,500 | €4,389 | -€1,111 | -20.2% |
| Accrued charges and deferred income | 492/3 | - | €1,415 | +€1,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,939 | €49,268 | -€671 | -1.3% |
| Other operating charges | 640/8 | €11,613 | €6,112 | -€5,501 | -47.4% |
| Gross operating margin | 9900 | €20,207 | €67,387 | +€47,179 | +233% |
| Operating profit (loss) | 9901 | -€41,345 | €12,007 | +€53,351 | |
| Financial income | 75/76B | €893 | €707 | -€186 | -20.8% |
| Recurring financial income | 75 | €893 | €707 | -€186 | -20.8% |
| Financial charges | 65/66B | €15,756 | €12,436 | -€3,320 | -21.1% |
| Recurring financial charges | 65 | €15,756 | €12,436 | -€3,320 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,208 | €278 | +€56,486 | |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€56,217 | €278 | +€56,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,217 | €278 | +€56,496 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.