BIRDO-CO: 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.
BIRDO-CO
Largest movements
- Tangible fixed assets -€26,476
down €26,476 (-53.4%), from €49,608 to €23,132
of which Land and buildings: -€33,215
- Financial fixed assets +€25,000
new in 2025: €25,000
- Receivables within one year +€23,971
up €23,971 (+6.8%), from €352,516 to €376,487
of which Other amounts receivable: +€18,957
- Cash +€16,916
up €16,916 (+40.3%), from €41,949 to €58,865
mainly Net result for the year (+€55,481) and Depreciation (+€8,636)
- Reserves +€38,025
up €38,025 (+8.3%), from €456,781 to €494,806
- Other debts -€9,146
down €9,146 (-47.9%), from €19,101 to €9,955
- Tax, wage and social debts +€7,510
up €7,510 (+94.4%), from €7,952 to €15,462
- Gross operating margin +€44,986
up €44,986 (+81.6%), from €55,156 to €100,142
- Financial charges +€13,578
up €13,578 (+450%), from €3,016 to €16,594
- Taxes +€6,478
up €6,478 (+37.6%), from €17,229 to €23,707
- Depreciation +€1,010
up €1,010 (+13.2%), from €7,626 to €8,636
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 | €504,547 | €543,914 | +€39,367 | +7.8% |
| Fixed assets | 21/28 | €49,608 | €48,132 | -€1,476 | -3.0% |
| Tangible fixed assets | 22/27 | €49,608 | €23,132 | -€26,476 | -53.4% |
| Land and buildings | 22 | €46,490 | €13,275 | -€33,215 | -71.4% |
| Furniture and vehicles | 24 | €3,118 | €9,857 | +€6,739 | +216% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €454,939 | €495,782 | +€40,843 | +9.0% |
| Amounts receivable within one year | 40/41 | €352,516 | €376,487 | +€23,971 | +6.8% |
| Trade receivables | 40 | €17,969 | €22,983 | +€5,014 | +27.9% |
| Other amounts receivable | 41 | €334,547 | €353,504 | +€18,957 | +5.7% |
| Current investments | 50/53 | €60,032 | €60,048 | +€16 | 0.0% |
| Cash at bank and in hand | 54/58 | €41,949 | €58,865 | +€16,916 | +40.3% |
| Deferred charges and accrued income | 490/1 | €442 | €382 | -€60 | -13.6% |
| Total equity and liabilities | 10/49 | €504,547 | €543,914 | +€39,367 | +7.8% |
| Equity | 10/15 | €475,381 | €513,406 | +€38,025 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,781 | €494,806 | +€38,025 | +8.3% |
| Distributable reserves | 133 | €456,781 | €494,806 | +€38,025 | +8.3% |
| Amounts payable | 17/49 | €29,166 | €30,508 | +€1,342 | +4.6% |
| Amounts payable within one year | 42/48 | €29,166 | €30,508 | +€1,342 | +4.6% |
| Trade debts | 44 | €2,113 | €5,091 | +€2,978 | +141% |
| Suppliers | 440/4 | €2,113 | €5,091 | +€2,978 | +141% |
| Taxes, remuneration and social security | 45 | €7,952 | €15,462 | +€7,510 | +94.4% |
| Taxes | 450/3 | €7,952 | €15,462 | +€7,510 | +94.4% |
| Other amounts payable | 47/48 | €19,101 | €9,955 | -€9,146 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,626 | €8,636 | +€1,010 | +13.2% |
| Other operating charges | 640/8 | €894 | €781 | -€113 | -12.6% |
| Non-recurring operating charges | 66A | €250 | €611 | +€361 | +144% |
| Gross operating margin | 9900 | €55,156 | €100,142 | +€44,986 | +81.6% |
| Operating profit (loss) | 9901 | €46,386 | €90,114 | +€43,728 | +94.3% |
| Financial income | 75/76B | €6,451 | €5,668 | -€783 | -12.1% |
| Recurring financial income | 75 | €6,451 | €5,668 | -€783 | -12.1% |
| Financial charges | 65/66B | €3,016 | €16,594 | +€13,578 | +450% |
| Recurring financial charges | 65 | €3,016 | €16,594 | +€13,578 | +450% |
| Profit (loss) for the period before taxes | 9903 | €49,821 | €79,188 | +€29,367 | +58.9% |
| Income taxes | 67/77 | €17,229 | €23,707 | +€6,478 | +37.6% |
| Profit (loss) for the period | 9904 | €32,592 | €55,481 | +€22,889 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,592 | €55,481 | +€22,889 | +70.2% |
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 18 October 2026 via checked.be.