Bird Larsen: 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.
Bird Larsen
Largest movements
- Receivables within one year +€12,256
up €12,256 (+80.9%), from €15,152 to €27,408
of which Trade receivables: +€12,256
- Cash +€10,793
up €10,793 (+20.7%), from €52,224 to €63,017
mainly Net result for the year (+€12,038) and Accrued charges and deferred income (+€4,838)
- Reserves +€12,038
up €12,038 (+35.6%), from €33,771 to €45,809
- Accrued charges and deferred income +€4,838
up €4,838 (+42.8%), from €11,291 to €16,129
- Tax, wage and social debts +€4,747
up €4,747 (+20.7%), from €22,907 to €27,654
of which Remuneration and social security: +€7,909
- Gross operating margin +€7,321
up €7,321 (+7.4%), from €98,998 to €106,319
- Staff costs +€4,874
up €4,874 (+6.0%), from €81,494 to €86,368
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 | €73,896 | €96,458 | +€22,562 | +30.5% |
| Fixed assets | 21/28 | €4,319 | €4,321 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €4,319 | €4,321 | +€1 | 0.0% |
| Furniture and vehicles | 24 | €4,319 | €4,321 | +€1 | 0.0% |
| Current assets | 29/58 | €69,576 | €92,137 | +€22,560 | +32.4% |
| Amounts receivable within one year | 40/41 | €15,152 | €27,408 | +€12,256 | +80.9% |
| Trade receivables | 40 | €14,301 | €26,556 | +€12,256 | +85.7% |
| Other amounts receivable | 41 | €851 | €851 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,224 | €63,017 | +€10,793 | +20.7% |
| Deferred charges and accrued income | 490/1 | €2,201 | €1,712 | -€489 | -22.2% |
| Total equity and liabilities | 10/49 | €73,896 | €96,458 | +€22,562 | +30.5% |
| Equity | 10/15 | €36,771 | €48,809 | +€12,038 | +32.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,771 | €45,809 | +€12,038 | +35.6% |
| Distributable reserves | 133 | €33,771 | €45,809 | +€12,038 | +35.6% |
| Amounts payable | 17/49 | €37,125 | €47,649 | +€10,524 | +28.3% |
| Amounts payable within one year | 42/48 | €25,834 | €31,520 | +€5,686 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,927 | €3,866 | +€939 | +32.1% |
| Suppliers | 440/4 | €2,927 | €3,866 | +€939 | +32.1% |
| Taxes, remuneration and social security | 45 | €22,907 | €27,654 | +€4,747 | +20.7% |
| Taxes | 450/3 | €11,768 | €8,606 | -€3,162 | -26.9% |
| Remuneration and social security | 454/9 | €11,139 | €19,048 | +€7,909 | +71.0% |
| Accrued charges and deferred income | 492/3 | €11,291 | €16,129 | +€4,838 | +42.8% |
| Remuneration, social security and pensions | 62 | €81,494 | €86,368 | +€4,874 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €1,964 | +€576 | +41.5% |
| Other operating charges | 640/8 | €712 | €732 | +€20 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €98,998 | €106,319 | +€7,321 | +7.4% |
| Operating profit (loss) | 9901 | €15,404 | €17,255 | +€1,851 | +12.0% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €380 | €1,176 | +€796 | +210% |
| Recurring financial charges | 65 | €380 | €1,176 | +€796 | +210% |
| Profit (loss) for the period before taxes | 9903 | €15,024 | €16,084 | +€1,060 | +7.1% |
| Income taxes | 67/77 | €3,637 | €4,046 | +€409 | +11.2% |
| Profit (loss) for the period | 9904 | €11,387 | €12,038 | +€651 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,387 | €12,038 | +€651 | +5.7% |
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 27 October 2026 via checked.be.