BIRBO: 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.
BIRBO
Largest movements
- Cash -€37,120
down €37,120 (-35.6%), from €104,285 to €67,165
mainly Other debts (-€38,534) and Stocks and contracts (-€24,944)
- Stocks and contracts +€24,944
up €24,944 (+25.5%), from €97,687 to €122,630
- Tangible fixed assets -€12,383
down €12,383 (-45.5%), from €27,200 to €14,817
of which Furniture and vehicles: -€11,842
- Other debts -€38,534
down €38,534 (-25.8%), from €149,531 to €110,997
- Profit (loss) carried forward +€36,214
no longer reported in 2025 (was -€36,214)
- Tax, wage and social debts -€11,309
down €11,309 (-40.3%), from €28,082 to €16,773
of which Taxes: -€6,788
- Current portion of long-term debt -€7,159
down €7,159 (-91.5%), from €7,822 to €663
- Trade debts -€2,588
down €2,588 (-26.1%), from €9,933 to €7,345
- Gross operating margin +€44,299
up €44,299 (+176%), from €25,161 to €69,459
- Staff costs -€5,361
down €5,361 (-27.1%), from €19,811 to €14,450
- Financial charges +€772
up €772 (+37.2%), from €2,077 to €2,849
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 | €230,392 | €206,606 | -€23,786 | -10.3% |
| Fixed assets | 21/28 | €27,290 | €14,907 | -€12,383 | -45.4% |
| Tangible fixed assets | 22/27 | €27,200 | €14,817 | -€12,383 | -45.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €23,594 | €11,752 | -€11,842 | -50.2% |
| Other tangible fixed assets | 26 | €3,606 | €3,065 | -€541 | -15.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €203,102 | €191,699 | -€11,403 | -5.6% |
| Stocks and contracts in progress | 3 | €97,687 | €122,630 | +€24,944 | +25.5% |
| Stocks | 30/36 | €97,687 | €122,630 | +€24,944 | +25.5% |
| Amounts receivable within one year | 40/41 | €1,130 | €1,904 | +€774 | +68.4% |
| Other amounts receivable | 41 | €1,130 | €1,904 | +€774 | +68.4% |
| Cash at bank and in hand | 54/58 | €104,285 | €67,165 | -€37,120 | -35.6% |
| Total equity and liabilities | 10/49 | €230,392 | €206,606 | -€23,786 | -10.3% |
| Equity | 10/15 | €34,179 | €70,666 | +€36,487 | +107% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €40,394 | €40,666 | +€273 | +0.7% |
| Distributable reserves | 133 | €40,394 | €40,666 | +€273 | +0.7% |
| Profit (loss) carried forward | 14 | -€36,214 | - | +€36,214 | |
| Amounts payable | 17/49 | €196,212 | €135,940 | -€60,273 | -30.7% |
| Amounts payable after more than one year | 17 | €663 | - | -€663 | |
| Financial debts | 170/4 | €663 | - | -€663 | |
| Amounts payable within one year | 42/48 | €195,368 | €135,778 | -€59,590 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €7,822 | €663 | -€7,159 | -91.5% |
| Trade debts | 44 | €9,933 | €7,345 | -€2,588 | -26.1% |
| Suppliers | 440/4 | €9,933 | €7,345 | -€2,588 | -26.1% |
| Taxes, remuneration and social security | 45 | €28,082 | €16,773 | -€11,309 | -40.3% |
| Taxes | 450/3 | €20,726 | €13,938 | -€6,788 | -32.7% |
| Remuneration and social security | 454/9 | €7,356 | €2,835 | -€4,521 | -61.5% |
| Other amounts payable | 47/48 | €149,531 | €110,997 | -€38,534 | -25.8% |
| Accrued charges and deferred income | 492/3 | €181 | €161 | -€20 | -11.0% |
| Remuneration, social security and pensions | 62 | €19,811 | €14,450 | -€5,361 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,707 | €13,977 | +€270 | +2.0% |
| Other operating charges | 640/8 | €920 | €991 | +€71 | +7.7% |
| Gross operating margin | 9900 | €25,161 | €69,459 | +€44,299 | +176% |
| Operating profit (loss) | 9901 | -€9,277 | €40,042 | +€49,319 | |
| Financial income | 75/76B | €2,108 | €2,187 | +€79 | +3.8% |
| Recurring financial income | 75 | €2,108 | €2,187 | +€79 | +3.8% |
| Financial charges | 65/66B | €2,077 | €2,849 | +€772 | +37.2% |
| Recurring financial charges | 65 | €2,077 | €2,849 | +€772 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,246 | €39,380 | +€48,626 | |
| Income taxes | 67/77 | €285 | €265 | -€19 | -6.8% |
| Profit (loss) for the period | 9904 | -€9,531 | €39,115 | +€48,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,531 | €39,115 | +€48,646 |
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 20 October 2026 via checked.be.