BIRDCAGE: 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.
BIRDCAGE
Largest movements
- Cash +€8,398
up €8,398 (+80.0%), from €10,494 to €18,892
mainly Net result for the year (+€10,433) and Depreciation (+€7,559)
- Receivables within one year +€4,709
up €4,709 (+19.3%), from €24,385 to €29,094
of which Trade receivables: +€13,955
- Tangible fixed assets -€2,139
down €2,139 (-6.4%), from €33,587 to €31,448
of which Furniture and vehicles: -€3,407
- Deferred charges and accrued income +€881
up €881 (+112%), from €786 to €1,667
- Profit (loss) carried forward +€5,433
up €5,433 (+597%), from €910 to €6,343
- Other debts +€5,061
new in 2025: €5,061
- Reserves +€5,000
up €5,000 (+12.2%), from €40,883 to €45,883
- Trade debts -€2,906
down €2,906 (-27.0%), from €10,749 to €7,843
- Tax, wage and social debts -€2,055
down €2,055 (-32.2%), from €6,379 to €4,324
- Gross operating margin -€2,856
down €2,856 (-9.8%), from €29,161 to €26,305
- Financial income -€1,364
down €1,364 (-82.5%), from €1,654 to €290
- Financial charges -€524
down €524 (-80.7%), from €649 to €125
- Depreciation -€392
down €392 (-4.9%), from €7,951 to €7,559
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 | €69,653 | €81,502 | +€11,849 | +17.0% |
| Fixed assets | 21/28 | €33,987 | €31,848 | -€2,139 | -6.3% |
| Tangible fixed assets | 22/27 | €33,587 | €31,448 | -€2,139 | -6.4% |
| Land and buildings | 22 | €21,001 | €21,211 | +€210 | +1.0% |
| Plant, machinery and equipment | 23 | €1,341 | €2,399 | +€1,058 | +78.9% |
| Furniture and vehicles | 24 | €11,245 | €7,838 | -€3,407 | -30.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €35,666 | €49,654 | +€13,988 | +39.2% |
| Amounts receivable within one year | 40/41 | €24,385 | €29,094 | +€4,709 | +19.3% |
| Trade receivables | 40 | €15,125 | €29,080 | +€13,955 | +92.3% |
| Other amounts receivable | 41 | €9,260 | €14 | -€9,246 | -99.9% |
| Cash at bank and in hand | 54/58 | €10,494 | €18,892 | +€8,398 | +80.0% |
| Deferred charges and accrued income | 490/1 | €786 | €1,667 | +€881 | +112% |
| Total equity and liabilities | 10/49 | €69,653 | €81,502 | +€11,849 | +17.0% |
| Equity | 10/15 | €49,853 | €60,286 | +€10,433 | +20.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €40,883 | €45,883 | +€5,000 | +12.2% |
| Distributable reserves | 133 | €40,883 | €45,883 | +€5,000 | +12.2% |
| Profit (loss) carried forward | 14 | €910 | €6,343 | +€5,433 | +597% |
| Amounts payable | 17/49 | €19,800 | €21,215 | +€1,416 | +7.1% |
| Amounts payable within one year | 42/48 | €17,128 | €17,228 | +€100 | +0.6% |
| Trade debts | 44 | €10,749 | €7,843 | -€2,906 | -27.0% |
| Suppliers | 440/4 | €10,749 | €7,843 | -€2,906 | -27.0% |
| Taxes, remuneration and social security | 45 | €6,379 | €4,324 | -€2,055 | -32.2% |
| Taxes | 450/3 | €6,379 | €4,324 | -€2,055 | -32.2% |
| Other amounts payable | 47/48 | - | €5,061 | +€5,061 | |
| Accrued charges and deferred income | 492/3 | €2,672 | €3,987 | +€1,316 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,951 | €7,559 | -€392 | -4.9% |
| Other operating charges | 640/8 | €1,052 | €841 | -€212 | -20.1% |
| Gross operating margin | 9900 | €29,161 | €26,305 | -€2,856 | -9.8% |
| Operating profit (loss) | 9901 | €20,159 | €17,906 | -€2,253 | -11.2% |
| Financial income | 75/76B | €1,654 | €290 | -€1,364 | -82.5% |
| Recurring financial income | 75 | €1,654 | €290 | -€1,364 | -82.5% |
| Financial charges | 65/66B | €649 | €125 | -€524 | -80.7% |
| Recurring financial charges | 65 | €649 | €125 | -€524 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €21,164 | €18,070 | -€3,093 | -14.6% |
| Income taxes | 67/77 | €7,892 | €7,637 | -€255 | -3.2% |
| Profit (loss) for the period | 9904 | €13,271 | €10,433 | -€2,838 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,271 | €10,433 | -€2,838 | -21.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.