birdie2birdie: 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.
birdie2birdie
Largest movements
- Cash -€147,311
down €147,311 (-81.2%), from €181,378 to €34,067
mainly Other debts (-€125,323) and Investment in fixed assets (net) (-€85,399)
- Tangible fixed assets +€69,622
up €69,622 (+1,332%), from €5,225 to €74,848
of which Furniture and vehicles: +€68,853
- Receivables within one year +€5,939
up €5,939 (+35.3%), from €16,819 to €22,758
of which Other amounts receivable: +€12,000
- Other debts -€125,323
down €125,323 (-61.4%), from €204,205 to €78,881
- Debts after one year +€44,517
new in 2025: €44,517
- Current portion of long-term debt +€12,728
new in 2025: €12,728
- Profit (loss) carried forward -€3,311
down €3,311 (-100%), from €3,311 to €0
- Depreciation +€12,856
up €12,856 (+440%), from €2,921 to €15,777
- Taxes +€3,782
up €3,782 (+17.0%), from €22,227 to €26,009
- Gross operating margin +€2,791
up €2,791 (+2.6%), from €109,241 to €112,033
- Financial income +€1,848
up €1,848 (+91.9%), from €2,012 to €3,860
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 | €230,323 | €158,221 | -€72,102 | -31.3% |
| Fixed assets | 21/28 | €5,225 | €74,848 | +€69,622 | +1,332% |
| Tangible fixed assets | 22/27 | €5,225 | €74,848 | +€69,622 | +1,332% |
| Plant, machinery and equipment | 23 | €1,087 | €1,856 | +€770 | +70.8% |
| Furniture and vehicles | 24 | €4,139 | €72,992 | +€68,853 | +1,664% |
| Current assets | 29/58 | €225,098 | €83,373 | -€141,724 | -63.0% |
| Amounts receivable within one year | 40/41 | €16,819 | €22,758 | +€5,939 | +35.3% |
| Trade receivables | 40 | €16,819 | €10,758 | -€6,061 | -36.0% |
| Other amounts receivable | 41 | €0 | €12,000 | +€12,000 | |
| Current investments | 50/53 | €26,200 | €26,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €181,378 | €34,067 | -€147,311 | -81.2% |
| Deferred charges and accrued income | 490/1 | €700 | €348 | -€352 | -50.3% |
| Total equity and liabilities | 10/49 | €230,323 | €158,221 | -€72,102 | -31.3% |
| Equity | 10/15 | €8,311 | €5,000 | -€3,311 | -39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,311 | €0 | -€3,311 | -100% |
| Amounts payable | 17/49 | €222,012 | €153,221 | -€68,791 | -31.0% |
| Amounts payable after more than one year | 17 | - | €44,517 | +€44,517 | |
| Financial debts | 170/4 | - | €44,517 | +€44,517 | |
| Amounts payable within one year | 42/48 | €222,012 | €108,704 | -€113,308 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,728 | +€12,728 | |
| Trade debts | 44 | €2,899 | €915 | -€1,984 | -68.4% |
| Suppliers | 440/4 | €2,899 | €915 | -€1,984 | -68.4% |
| Taxes, remuneration and social security | 45 | €14,908 | €16,180 | +€1,272 | +8.5% |
| Taxes | 450/3 | €14,908 | €16,180 | +€1,272 | +8.5% |
| Other amounts payable | 47/48 | €204,205 | €78,881 | -€125,323 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,921 | €15,777 | +€12,856 | +440% |
| Other operating charges | 640/8 | €785 | €1,698 | +€913 | +116% |
| Gross operating margin | 9900 | €109,241 | €112,033 | +€2,791 | +2.6% |
| Operating profit (loss) | 9901 | €105,535 | €94,558 | -€10,977 | -10.4% |
| Financial income | 75/76B | €2,012 | €3,860 | +€1,848 | +91.9% |
| Recurring financial income | 75 | €2,012 | €3,860 | +€1,848 | +91.9% |
| Financial charges | 65/66B | €998 | €1,985 | +€987 | +98.9% |
| Recurring financial charges | 65 | €998 | €1,985 | +€987 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €106,549 | €96,433 | -€10,116 | -9.5% |
| Income taxes | 67/77 | €22,227 | €26,009 | +€3,782 | +17.0% |
| Profit (loss) for the period | 9904 | €84,322 | €70,424 | -€13,898 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,322 | €70,424 | -€13,898 | -16.5% |
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 28 October 2026 via checked.be.